Global Electric Vehicle (EV) Market 2024-2028

Description

List of Tables

The electric vehicle (EV) market is forecasted to grow by USD 343.01 bn during 2023-2028, accelerating at a CAGR of 13.51% during the forecast period. The report on the electric vehicle (EV) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for low-emission vehicles, stringent rules and regulations on vehicles, and declining prices of lithium-ion batteries.

Technavio's electric vehicle (EV) market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	12.72%
CAGR	13.51%
Incremental Value	$343.01bn

By Type

BEV
PHEV

By Charging

Normal charging
Super charging

By Geographical Landscape

APAC
Europe
North America
South America
Middle East and Africa

This study identifies the charging stations powered by renewable energy as one of the prime reasons driving the electric vehicle (EV) market growth during the next few years. Also, the availability of new mobility modes and integration of telematics and autonomous technologies will lead to sizable demand in the market.

The report on the electric vehicle (EV) market covers the following areas:

Electric vehicle (EV) market sizing
Electric vehicle (EV) market forecast
Electric vehicle (EV) market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric vehicle (EV) market vendors that include Bayerische Motoren Werke AG, BYD Co. Ltd., Chery Automobile Co. Ltd., Chongqing Changan Automobile Co. Ltd., Dongfeng Motor Group Co. Ltd., Ford Motor Co., Geely Auto International Corporation, General Motors Co., Guangzhou Automobile Group Co. Ltd., Honda Motor Co. Ltd., Hyundai Motor Co., Mahindra and Mahindra Ltd., Mercedes Benz Group AG, Nissan Motor Co. Ltd., Renault SAS, SAIC Motor Corp. Ltd., Stellantis NV, Tesla Inc., Toyota Motor Corp., and Volkswagen AG. Also, the electric vehicle (EV) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR70839

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Global electric vehicle (EV) market 2018 - 2022
4.2 Type Segment Analysis 2018 - 2022
4.3 Charging Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by Type

6.1 Market segments
6.2 Comparison by Type
6.3 BEV - Market size and forecast 2023-2028
6.4 PHEV - Market size and forecast 2023-2028
6.5 Market opportunity by Type

7 Market Segmentation by Charging

7.1 Market segments
7.2 Comparison by Charging
7.3 Normal charging - Market size and forecast 2023-2028
7.4 Super charging - Market size and forecast 2023-2028
7.5 Market opportunity by Charging

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation
9.2 Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
9.4 Europe - Market size and forecast 2023-2028
9.5 North America - Market size and forecast 2023-2028
9.6 South America - Market size and forecast 2023-2028
9.7 Middle East and Africa - Market size and forecast 2023-2028
9.8 China - Market size and forecast 2023-2028
9.9 US - Market size and forecast 2023-2028
9.10 Norway - Market size and forecast 2023-2028
9.11 Japan - Market size and forecast 2023-2028
9.12 Germany - Market size and forecast 2023-2028
9.13 Market opportunity By Geographical Landscape

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Bayerische Motoren Werke AG
12.4 BYD Co. Ltd.
12.5 Chery Automobile Co. Ltd.
12.6 Ford Motor Co.
12.7 Geely Auto International Corporation
12.8 General Motors Co.
12.9 Honda Motor Co. Ltd.
12.10 Mercedes Benz Group AG
12.11 Nissan Motor Co. Ltd.
12.12 Renault SAS
12.13 SAIC Motor Corp. Ltd.
12.14 Stellantis NV
12.15 Tesla Inc.
12.16 Toyota Motor Corp.
12.17 Volkswagen AG

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations