Market Research Report
Electric Vehicles and Fuel Cell Vehicles: Global Markets
|Published by||BCC Research||Product code||321811|
|Published||Content info||269 Pages
Delivery time: 1-2 business days
|Electric Vehicles and Fuel Cell Vehicles: Global Markets|
|Published: December 24, 2019||Content info: 269 Pages||
The global electric vehicle market should reach $550.4 billion by 2024 from $257.4 billion in 2019 at a compound annual growth rate (CAGR) of 16.4% for the forecast period of 2019 to 2024.
The passenger segment of the global electric vehicle market is expected to grow from $164.0 billion in 2019 to $354.3 billion in 2024 at a CAGR of 16.7% for the forecast period of 2019 to 2024.
The bus segment of the global electric vehicle market is expected to grow from $60.3 billion in 2019 to $145.3 billion in 2024 at a CAGR of 19.2% for the forecast period of 2019 to 2024.
After decades of expensive development and false starts, the world is finally ready for Evs. For the purpose of this report, the term "electric vehicles" includes commercial approaches such as pure battery-powered, plug-in hybrid, hybrid internal combustion/battery, range extended, and FCVs, as well as vehicles powered by developmental power sources such as supercapacitors and flywheel. In addition to cars and trucks, this report considers motorcycles/ E-Bikes, scooters, buses, neighborhood Evs, self-driving carts, military vehicles, and locomotives.
This report details actual figures for 2018 and compound annual growth rate (CAGR) projections for 2019 through 2024 for the global and four regional markets. Although this report discusses three future scenarios, pessimistic, consensus and optimistic, forecasts are provided for consensus scenario. Power source sales and values are provided. A patent analysis and discussion of power sources and vehicle components describes the areas in which research is being performed and emphasizes intellectual property issues.
Note that values are expressed in million dollars and shipments are expressed in 1,000 vehicles. In both cases, totals are rounded to the nearest integer (i.e., less than $500,000 is expressed as 0.)
Values are based on the equivalent of wholesale, or the price charged to the retailer prior to mark-up. However, advanced Evs are sold at a price below actual manufacturing cost. This may be due to regulatory compliance or the desire to establish a market before economics of scale kicks in. The cost to consumers may be reduced considerably when government subsidies or possible tax breaks are added to the dealer price.
As defined by BCC Research for this report, Evs and FCVs include the following -
Specific types of vehicles using these batteries include -
This report defines the market sectors, identifies leading companies and analyzes the markets to provide a five-year market forecast. Finally, the company profiles section provides the status of and recent events for companies making power sources.