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Market Research Report

Electric Vehicles (EVs)

Published by Global Industry Analysts, Inc. Product code 136180
Published Content info 161 Pages
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Electric Vehicles (EVs)
Published: July 1, 2020 Content info: 161 Pages
Description

Global Electric Vehicles (EVs) Market to Reach 92.8 Million Units by 2027

Amid the COVID-19 crisis, the global market for Electric Vehicles (EVs) estimated at 3.2 Million Units in the year 2020, is projected to reach a revised size of 92.8 Million Units by 2027, growing at aCAGR of 61.5% over the period 2020-2027. Battery Electric Vehicles (BEV), one of the segments analyzed in the report, is projected to record 60% CAGR and reach 59.8 Million Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Plugin Hybrid Electric Vehicles (PHEV) segment is readjusted to a revised 64.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at 988.3 Thousand Units, While China is Forecast to Grow at 58.6% CAGR

The Electric Vehicles (EVs) market in the U.S. is estimated at 988.3 Thousand Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 14.6 Million Units by the year 2027 trailing a CAGR of 58.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 54.9% and 52.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 41.5% CAGR.We bring years of research experience to this 18th edition of our report. The 161-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,

  • Bayerische Motoren Werke AG
  • BYD Company Limited
  • Daimler AG
  • DONGFENG ELECTRIC VEHICLE Co., LTD.
  • FDG Electric Vehicles Limited
  • Ford Motor Company
  • General Motors Company
  • Global Electric Motorcars (GEM)
  • Groupe Renault
  • Honda Motor Co., Ltd.
  • Hyundai Motor Company
  • Karma Automotive
  • Lucid Motors
  • Mitsubishi Motors Corporation
  • NEXT Future Transportation Inc.
  • NextEV Ltd. (NIO)
  • Nissan Motor Co., Ltd.
  • Tesla Motors Inc.
  • Toyota Motor Corp.
  • Volkswagen AG
Table of Contents
Product Code: MCP-1045

TABLE OF CONTENTS

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Recent Market Activity
  • Can Electric Vehicles Emerge to be a Disruptive Technology Capable of Changing the Face of the Global Auto Industry?
  • The Rise, the Death and the Resurgence of Electric Vehicles (EVs)
  • Global Competitor Market Shares
  • Electric Vehicles (EVs) Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

  • Tesla Motors Inc. (USA)
  • Lucid Motors (USA)
  • Faraday Future (USA)
  • NextEV (China)
  • Karma Automotive LLC (USA)
  • NEXT Future Transportation, Inc. (USA)
  • Global Electric Motorcars (GEM) (USA)
  • FDG Electric Vehicles Limited (Hong Kong)
  • Dongfeng Electric Vehicle Co., Ltd. (China)
  • The Geely Group (China)
  • Bayerische Motoren Werke AG (Germany)
  • BYD Company Limited (China)
  • Daimler AG (Germany)
  • Ford Motor Company (USA)
  • General Motors Company (USA)
  • Groupe Renault (France)
  • Honda Motor Co., Ltd. (Japan)
  • Hyundai Motor Company (South Korea)
  • Mitsubishi Motors Corporation (Japan)
  • Nissan Motor Co., Ltd. (Japan)
  • Toyota Motor Corp. (Japan)
  • Volkswagen AG (Germany)

3. MARKET TRENDS & DRIVERS

  • Automotive Industry's Continuous Struggle with the Environment Paves the Way Forward for EVs
  • Stringent Regulations: The Cornerstone for Growth in the Market
  • Review of Green House Gas Emissions and Fuel Economy Standards for Vehicles Across the World
  • Emissions Regulations Landscape in Major Country/Region
  • Government Support through Funding & Incentive Programs Accelerates Greening of the Automotive Industry
  • Advancements in Battery Technologies, Especially Lithium-Ion, Vital for Electric Car Domination
  • Promising Breakthroughs in Lithium-Ion Infuses Optimism Over the Market's Future Growth
  • Hybrid Vehicles as a Bridge Towards Pure Electric Vehicles, to Witness Immediate Market Opportunities for Growth
  • Plug-in Hybrid Electric Vehicle Long Electric Range (PHEVLER): A Disruptive Technology in the Making
  • Growing Trend Towards Small/Micro and Low-Speed Electric Vehicles
  • Developing Markets: The Focal Point for Future Growth
  • Zero Emission Battery-Powered Longer Range BEVs: The Ultimate Vision of the EV Future
  • Fuel Cell EVs (FCEVs): Not a Threat to BEVs
  • Recent Oil Price Crash: A Temporary Set Back to the EV Industry
  • EVs: Charging Forward With Advancements in Charging Infrastructure
  • Smart Grid Technologies to Optimize Charging Infrastructure and Catalyze Growth of Electric Vehicles
  • A Review of Progressive Battery Technology Developments
  • "Smart" Membrane for Fast Charging of Batteries
  • Lithium-Ion Batteries: The Focal Area of Battery Innovations
  • Research in Biodegradable Batteries
  • Lithium-Oxygen Batteries
  • Nanotechnology-Based Thin-Film Lithium-Ion Batteries
  • Innovation in EV Vehicle Models
  • Nissan and Endesa to Promote V2G Technology in Europe

4. GLOBAL MARKET PERSPECTIVE

  • TABLE 1: Electric Vehicles (EVs) Global Market Estimates and Forecasts in Thousand Units by Region/Country: 2020-2027
  • TABLE 2: Electric Vehicles (EVs) Global Retrospective Market Scenario in Thousand Units by Region/Country: 2012-2019
  • TABLE 3: Electric Vehicles (EVs) Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
  • TABLE 4: Battery Electric Vehicles (BEV) (Product Segment) World Market by Region/Country in Thousand Units: 2020 to 2027
  • TABLE 5: Battery Electric Vehicles (BEV) (Product Segment) Historic Market Analysis by Region/Country in Thousand Units: 2012 to 2019
  • TABLE 6: Battery Electric Vehicles (BEV) (Product Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
  • TABLE 7: Plugin Hybrid Electric Vehicles (PHEV) (Product Segment) Potential Growth Markets Worldwide in Thousand Units: 2020 to 2027
  • TABLE 8: Plugin Hybrid Electric Vehicles (PHEV) (Product Segment) Historic Market Perspective by Region/Country in Thousand Units: 2012 to 2019
  • TABLE 9: Plugin Hybrid Electric Vehicles (PHEV) (Product Segment) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

  • GEOGRAPHIC MARKET ANALYSIS
  • UNITED STATES
    • Market Facts & Figures
    • US Electric Vehicles (EVs) Market Share (in %) by Company: 2020 & 2025
    • Market Analytics
    • TABLE 10: United States Electric Vehicles (EVs) Market Estimates and Projections in Thousand Units by Product Segment: 2020 to 2027
    • TABLE 11: Electric Vehicles (EVs) Market in the United States by Product Segment: A Historic Review in Thousand Units for 2012-2019
    • TABLE 12: United States Electric Vehicles (EVs) Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
  • CANADA
    • TABLE 13: Canadian Electric Vehicles (EVs) Market Estimates and Forecasts in Thousand Units by Product Segment: 2020 to 2027
    • TABLE 14: Canadian Electric Vehicles (EVs) Historic Market Review by Product Segment in Thousand Units: 2012-2019
    • TABLE 15: Electric Vehicles (EVs) Market in Canada: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027
  • JAPAN
    • TABLE 16: Japanese Market for Electric Vehicles (EVs): Annual Sales Estimates and Projections in Thousand Units by Product Segment for the Period 2020-2027
    • TABLE 17: Electric Vehicles (EVs) Market in Japan: Historic Sales Analysis in Thousand Units by Product Segment for the Period 2012-2019
    • TABLE 18: Japanese Electric Vehicles (EVs) Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
  • CHINA
    • TABLE 19: Chinese Electric Vehicles (EVs) Market Growth Prospects in Thousand Units by Product Segment for the Period 2020-2027
    • TABLE 20: Electric Vehicles (EVs) Historic Market Analysis in China in Thousand Units by Product Segment: 2012-2019
    • TABLE 21: Chinese Electric Vehicles (EVs) Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027
  • EUROPE
    • Market Facts & Figures
    • European Electric Vehicles (EVs) Market: Competitor Market Share Scenario (in %) for 2020 & 2025
    • Market Analytics
    • TABLE 22: European Electric Vehicles (EVs) Market Demand Scenario in Thousand Units by Region/Country: 2020-2027
    • TABLE 23: Electric Vehicles (EVs) Market in Europe: A Historic Market Perspective in Thousand Units by Region/Country for the Period 2012-2019
    • TABLE 24: European Electric Vehicles (EVs) Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
    • TABLE 25: European Electric Vehicles (EVs) Market Estimates and Forecasts in Thousand Units by Product Segment: 2020-2027
    • TABLE 26: Electric Vehicles (EVs) Market in Europe in Thousand Units by Product Segment: A Historic Review for the Period 2012-2019
    • TABLE 27: European Electric Vehicles (EVs) Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
  • FRANCE
    • TABLE 28: Electric Vehicles (EVs) Market in France by Product Segment: Estimates and Projections in Thousand Units for the Period 2020-2027
    • TABLE 29: French Electric Vehicles (EVs) Historic Market Scenario in Thousand Units by Product Segment: 2012-2019
    • TABLE 30: French Electric Vehicles (EVs) Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
  • GERMANY
    • TABLE 31: Electric Vehicles (EVs) Market in Germany: Recent Past, Current and Future Analysis in Thousand Units by Product Segment for the Period 2020-2027
    • TABLE 32: German Electric Vehicles (EVs) Historic Market Analysis in Thousand Units by Product Segment: 2012-2019
    • TABLE 33: German Electric Vehicles (EVs) Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
  • ITALY
    • TABLE 34: Italian Electric Vehicles (EVs) Market Growth Prospects in Thousand Units by Product Segment for the Period 2020-2027
    • TABLE 35: Electric Vehicles (EVs) Historic Market Analysis in Italy in Thousand Units by Product Segment: 2012-2019
    • TABLE 36: Italian Electric Vehicles (EVs) Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027
  • UNITED KINGDOM
    • TABLE 37: United Kingdom Market for Electric Vehicles (EVs): Annual Sales Estimates and Projections in Thousand Units by Product Segment for the Period 2020-2027
    • TABLE 38: Electric Vehicles (EVs) Market in the United Kingdom: Historic Sales Analysis in Thousand Units by Product Segment for the Period 2012-2019
    • TABLE 39: United Kingdom Electric Vehicles (EVs) Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
  • REST OF EUROPE
    • TABLE 40: Rest of Europe Electric Vehicles (EVs) Market Estimates and Forecasts in Thousand Units by Product Segment: 2020-2027
    • TABLE 41: Electric Vehicles (EVs) Market in Rest of Europe in Thousand Units by Product Segment: A Historic Review for the Period 2012-2019
    • TABLE 42: Rest of Europe Electric Vehicles (EVs) Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
  • ASIA-PACIFIC
    • TABLE 43: Electric Vehicles (EVs) Market in Asia-Pacific by Product Segment: Estimates and Projections in Thousand Units for the Period 2020-2027
    • TABLE 44: Asia-Pacific Electric Vehicles (EVs) Historic Market Scenario in Thousand Units by Product Segment: 2012-2019
    • TABLE 45: Asia-Pacific Electric Vehicles (EVs) Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
  • REST OF WORLD
    • TABLE 46: Rest of World Electric Vehicles (EVs) Market Estimates and Forecasts in Thousand Units by Product Segment: 2020 to 2027
    • TABLE 47: Rest of World Electric Vehicles (EVs) Historic Market Review by Product Segment in Thousand Units: 2012-2019
    • TABLE 48: Electric Vehicles (EVs) Market in Rest of World: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027

IV. COMPETITION

  • Total Companies Profiled: 77
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