Global Electric Vehicle Market Forecast 2022-2026

The global electric vehicle market is anticipated to reach a number of 17,957 thousand units by 2026, growing with a 19.80% CAGR during the forecast period 2022-2026. Beneficial subsidies, stringent government regulations on vehicle emissions, and policies for electronic vehicles drive market growth globally.

MARKET INSIGHTS

Electric vehicles are propelled by electric motors in contrast to internal combustion engines, powered by burning gases and fuel. As a result, electric vehicles are considered a potential replacement for the present generation of vehicles to address natural resource depletion, global warming, rising pollution, etc.

Furthermore, governments worldwide are implementing subsidies and policies to promote EV sales. There are numerous advantages to buyers, including low registration fees, decreased prices, etc. Some governments, depending on policies, also exempt roads, imports, purchases, etc. Additionally, governments are investing in infrastructure and other favorable policies to boost the global electric vehicle market.

REGIONAL INSIGHTS

The electric vehicle market growth analysis includes an assessment of Europe, North America, Asia-Pacific, and Rest of World. Asia-Pacific is anticipated to capture the highest revenue share during the forecast years owing to government incentives and investments by major market players.

COMPETITIVE INSIGHTS

The competitive rivalry is expected to remain moderate over the forecast period in the global electric vehicle market. The growing opportunities, government interest, and industry fragmentation facilitate moderate market competition among the key market players.

Some of the leading market players operating in the market include Tesla Inc, Volkswagen AG, Toyota Motor Corporation, etc.

Our report offerings include:

Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation caters to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Product Code: 48021

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES
1.2. SCOPE OF STUDY
1.3. METHODOLOGY
1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW

3. MARKET DYNAMICS

3.1. KEY DRIVERS
- 3.1.1. BENEFICIAL GOVERNMENT SUBSIDIES AND POLICIES
- 3.1.2. STRINGENT GOVERNMENT REGULATIONS ON VEHICLES EMISSIONS
3.2. KEY RESTRAINTS
- 3.2.1. INSUFFICIENT CHARGING INFRASTRUCTURE
- 3.2.2. POTENTIAL GRID OVERLOAD

4. KEY ANALYTICS

4.1. IMPACT OF COVID-19 ON ELECTRIC VEHICLE MARKET
4.2. KEY MARKET TRENDS
4.3. PORTER'S FIVE FORCES ANALYSIS
- 4.3.1. BUYERS POWER
- 4.3.2. SUPPLIERS POWER
- 4.3.3. SUBSTITUTION
- 4.3.4. NEW ENTRANTS
- 4.3.5. INDUSTRY RIVALRY
4.4. OPPORTUNITY MATRIX
4.5. VENDOR LANDSCAPE
4.6. VALUE CHAIN ANALYSIS
4.7. KEY BUYING CRITERIA
4.8. REGULATORY FRAMEWORK

5. MARKET BY PROPULSION TYPE

5.1. BATTERY ELECTRIC VEHICLES
5.2. PLUG-IN HYBRID VEHICLES
5.3. FUEL CELL ELECTRIC VEHICLES

6. MARKET BY END-USE

6.1. PASSENGER VEHICLES
6.2. COMMERCIAL VEHICLES
- 6.2.1. LIGHT COMMERCIAL VEHICLES
- 6.2.2. HEAVY COMMERCIAL VEHICLES

7. GEOGRAPHICAL ANALYSIS

7.1. NORTH AMERICA
- 7.1.1. MARKET SIZE & ESTIMATES
- 7.1.2. KEY GROWTH ENABLERS
- 7.1.3. KEY CHALLENGES
- 7.1.4. KEY PLAYERS
- 7.1.5. COUNTRY ANALYSIS
  - 7.1.5.1. UNITED STATES
  - 7.1.5.2. CANADA
7.2. EUROPE
- 7.2.1. MARKET SIZE & ESTIMATES
- 7.2.2. KEY GROWTH ENABLERS
- 7.2.3. KEY CHALLENGES
- 7.2.4. KEY PLAYERS
- 7.2.5. COUNTRY ANALYSIS
  - 7.2.5.1. UNITED KINGDOM
  - 7.2.5.2. GERMANY
  - 7.2.5.3. FRANCE
  - 7.2.5.4. ITALY
  - 7.2.5.5. NETHERLANDS
  - 7.2.5.6. SPAIN
  - 7.2.5.7. NORWAY
  - 7.2.5.8. SWEDEN
  - 7.2.5.9. REST OF EUROPE
7.3. ASIA-PACIFIC
- 7.3.1. MARKET SIZE & ESTIMATES
- 7.3.2. KEY GROWTH ENABLERS
- 7.3.3. KEY CHALLENGES
- 7.3.4. KEY PLAYERS
- 7.3.5. COUNTRY ANALYSIS
  - 7.3.5.1. CHINA
  - 7.3.5.2. JAPAN
  - 7.3.5.3. INDIA
  - 7.3.5.4. SOUTH KOREA
  - 7.3.5.5. AUSTRALIA & NEW ZEALAND
  - 7.3.5.6. REST OF ASIA-PACIFIC
7.4. REST OF WORLD
- 7.4.1. MARKET SIZE & ESTIMATES
- 7.4.2. KEY GROWTH ENABLERS
- 7.4.3. KEY CHALLENGES
- 7.4.4. KEY PLAYERS
- 7.4.5. REGIONAL ANALYSIS
  - 7.4.5.1. LATIN AMERICA
  - 7.4.5.2. MIDDLE EAST & AFRICA

8. COMPETITIVE LANDSCAPE

8.1. KEY STRATEGIC DEVELOPMENTS
- 8.1.1. PRODUCT LAUNCHES & DEVELOPMENTS
- 8.1.2. PARTNERSHIPS & AGREEMENTS
- 8.1.3. BUSINESS EXPANSIONS & DIVESTITURES
8.2. COMPANY PROFILES
- 8.2.1. BMW GROUP
- 8.2.2. BYD CO LTD
- 8.2.3. FORD MOTOR COMPANY
- 8.2.4. GENERAL MOTORS COMPANY
- 8.2.5. LI AUTO
- 8.2.6. NIO
- 8.2.7. STELLANTIS NV
- 8.2.8. TESLA INC
- 8.2.9. TOYOTA MOTOR CORPORATION
- 8.2.10. VOLKSWAGEN AG
- 8.2.11. XPENG

Product Code: 48021

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - ELECTRIC VEHICLE
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: GLOBAL ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, HISTORICAL YEARS, 2018-2021 (IN THOUSAND UNITS)
TABLE 4: GLOBAL ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, FORECAST YEARS, 2022-2026 (IN THOUSAND UNITS)
TABLE 5: GLOBAL BATTERY ELECTRIC VEHICLE MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN THOUSAND UNITS)
TABLE 6: GLOBAL BATTERY ELECTRIC VEHICLE MARKET, BY REGION, FORECAST YEARS, 2022-2026 (IN THOUSAND UNITS)
TABLE 7: GLOBAL PLUG-IN HYBRID VEHICLES MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN THOUSAND UNITS)
TABLE 8: GLOBAL PLUG-IN HYBRID VEHICLES MARKET, BY REGION, FORECAST YEARS, 2022-2026 (IN THOUSAND UNITS)
TABLE 9: GLOBAL FUEL CELL ELECTRIC VEHICLES MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN THOUSAND UNITS)
TABLE 10: GLOBAL FUEL CELL ELECTRIC VEHICLES MARKET, BY REGION, FORECAST YEARS, 2022-2026 (IN THOUSAND UNITS)
TABLE 11: GLOBAL ELECTRIC VEHICLE MARKET, BY END-USE, HISTORICAL YEARS, 2018-2021 (IN THOUSAND UNITS)
TABLE 12: GLOBAL ELECTRIC VEHICLE MARKET, BY END-USE, FORECAST YEARS, 2022-2026 (IN THOUSAND UNITS)
TABLE 13: GLOBAL PASSENGER VEHICLES MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN THOUSAND UNITS)
TABLE 14: GLOBAL PASSENGER VEHICLES MARKET, BY REGION, FORECAST YEARS, 2022-2026 (IN THOUSAND UNITS)
TABLE 15: GLOBAL COMMERCIAL VEHICLES MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN THOUSAND UNITS)
TABLE 16: GLOBAL COMMERCIAL VEHICLES MARKET, BY REGION, FORECAST YEARS, 2022-2026 (IN THOUSAND UNITS)
TABLE 17: GLOBAL ELECTRIC VEHICLE MARKET, BY COMMERCIAL VEHICLES, HISTORICAL YEARS, 2018-2021 (IN THOUSAND UNITS)
TABLE 18: GLOBAL ELECTRIC VEHICLE MARKET, BY COMMERCIAL VEHICLES, FORECAST YEARS, 2022-2026 (IN THOUSAND UNITS)
TABLE 19: GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN THOUSAND UNITS)
TABLE 20: GLOBAL LIGHT COMMERCIAL VEHICLES MARKET, BY REGION, FORECAST YEARS, 2022-2026 (IN THOUSAND UNITS)
TABLE 21: GLOBAL HEAVY COMMERCIAL VEHICLES MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN THOUSAND UNITS)
TABLE 22: GLOBAL HEAVY COMMERCIAL VEHICLES MARKET, BY REGION, FORECAST YEARS, 2022-2026 (IN THOUSAND UNITS)
TABLE 23: GLOBAL ELECTRIC VEHICLE MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN THOUSAND UNITS)
TABLE 24: GLOBAL ELECTRIC VEHICLE MARKET, BY REGION, FORECAST YEARS, 2022-2026 (IN THOUSAND UNITS)
TABLE 25: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN THOUSAND UNITS)
TABLE 26: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY COUNTRY, FORECAST YEARS, 2022-2026 (IN THOUSAND UNITS)
TABLE 27: KEY PLAYERS OPERATING IN NORTH AMERICA ELECTRIC VEHICLE MARKET
TABLE 28: EUROPE ELECTRIC VEHICLE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN THOUSAND UNITS)
TABLE 29: EUROPE ELECTRIC VEHICLE MARKET, BY COUNTRY, FORECAST YEARS, 2022-2026 (IN THOUSAND UNITS)
TABLE 30: KEY PLAYERS OPERATING IN EUROPE ELECTRIC VEHICLE MARKET
TABLE 31: ASIA-PACIFIC ELECTRIC VEHICLE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN THOUSAND UNITS)
TABLE 32: ASIA-PACIFIC ELECTRIC VEHICLE MARKET, BY COUNTRY, FORECAST YEARS, 2022-2026 (IN THOUSAND UNITS)
TABLE 33: KEY PLAYERS OPERATING IN ASIA-PACIFIC ELECTRIC VEHICLE MARKET
TABLE 34: REST OF WORLD ELECTRIC VEHICLE MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN THOUSAND UNITS)
TABLE 35: REST OF WORLD ELECTRIC VEHICLE MARKET, BY REGION, FORECAST YEARS, 2022-2026 (IN THOUSAND UNITS)
TABLE 36: KEY PLAYERS OPERATING IN REST OF WORLD ELECTRIC VEHICLE MARKET
TABLE 37: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 38: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 39: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: VALUE CHAIN ANALYSIS
FIGURE 6: KEY BUYING CRITERIA
FIGURE 7: GLOBAL ELECTRIC VEHICLE MARKET, GROWTH POTENTIAL, BY PROPULSION TYPE, IN 2021
FIGURE 8: GLOBAL ELECTRIC VEHICLE MARKET, BY BATTERY ELECTRIC VEHICLE, 2022-2026 (IN THOUSAND UNITS)
FIGURE 9: GLOBAL ELECTRIC VEHICLE MARKET, BY PLUG-IN HYBRID VEHICLES, 2022-2026 (IN THOUSAND UNITS)
FIGURE 10: GLOBAL ELECTRIC VEHICLE MARKET, BY FUEL CELL ELECTRIC VEHICLES, 2022-2026 (IN THOUSAND UNITS)
FIGURE 11: GLOBAL ELECTRIC VEHICLE MARKET, GROWTH POTENTIAL, BY END-USE, IN 2021
FIGURE 12: GLOBAL ELECTRIC VEHICLE MARKET, BY PASSENGER VEHICLES, 2022-2026 (IN THOUSAND UNITS)
FIGURE 13: GLOBAL ELECTRIC VEHICLE MARKET, BY COMMERCIAL VEHICLES, 2022-2026 (IN THOUSAND UNITS)
FIGURE 14: GLOBAL ELECTRIC VEHICLE MARKET, GROWTH POTENTIAL, BY COMMERCIAL VEHICLES, IN 2021
FIGURE 15: GLOBAL ELECTRIC VEHICLE MARKET, BY LIGHT COMMERCIAL VEHICLES, 2022-2026 (IN THOUSAND UNITS)
FIGURE 16: GLOBAL ELECTRIC VEHICLE MARKET, BY HEAVY COMMERCIAL VEHICLES, 2022-2026 (IN THOUSAND UNITS)
FIGURE 17: NORTH AMERICA ELECTRIC VEHICLE MARKET, COUNTRY OUTLOOK, 2021 & 2026 (IN %)
FIGURE 18: UNITED STATES ELECTRIC VEHICLE MARKET, 2022-2026 (IN THOUSAND UNITS)
FIGURE 19: CANADA ELECTRIC VEHICLE MARKET, 2022-2026 (IN THOUSAND UNITS)
FIGURE 20: EUROPE ELECTRIC VEHICLE MARKET, COUNTRY OUTLOOK, 2021 & 2026 (IN %)
FIGURE 21: UNITED KINGDOM ELECTRIC VEHICLE MARKET, 2022-2026 (IN THOUSAND UNITS)
FIGURE 22: GERMANY ELECTRIC VEHICLE MARKET, 2022-2026 (IN THOUSAND UNITS)
FIGURE 23: FRANCE ELECTRIC VEHICLE MARKET, 2022-2026 (IN THOUSAND UNITS)
FIGURE 24: ITALY ELECTRIC VEHICLE MARKET, 2022-2026 (IN THOUSAND UNITS)
FIGURE 25: NETHERLANDS ELECTRIC VEHICLE MARKET, 2022-2026 (IN THOUSAND UNITS)
FIGURE 26: SPAIN ELECTRIC VEHICLE MARKET, 2022-2026 (IN THOUSAND UNITS)
FIGURE 27: NORWAY ELECTRIC VEHICLE MARKET, 2022-2026 (IN THOUSAND UNITS)
FIGURE 28: SWEDEN ELECTRIC VEHICLE MARKET, 2022-2026 (IN THOUSAND UNITS)
FIGURE 29: REST OF EUROPE ELECTRIC VEHICLE MARKET, 2022-2026 (IN THOUSAND UNITS)
FIGURE 30: ASIA-PACIFIC ELECTRIC VEHICLE MARKET, COUNTRY OUTLOOK, 2021 & 2026 (IN %)
FIGURE 31: CHINA ELECTRIC VEHICLE MARKET, 2022-2026 (IN THOUSAND UNITS)
FIGURE 32: JAPAN ELECTRIC VEHICLE MARKET, 2022-2026 (IN THOUSAND UNITS)
FIGURE 33: INDIA ELECTRIC VEHICLE MARKET, 2022-2026 (IN THOUSAND UNITS)
FIGURE 34: SOUTH KOREA ELECTRIC VEHICLE MARKET, 2022-2026 (IN THOUSAND UNITS)
FIGURE 35: AUSTRALIA & NEW ZEALAND ELECTRIC VEHICLE MARKET, 2022-2026 (IN THOUSAND UNITS)
FIGURE 36: REST OF ASIA-PACIFIC ELECTRIC VEHICLE MARKET, 2022-2026 (IN THOUSAND UNITS)
FIGURE 37: REST OF WORLD ELECTRIC VEHICLE MARKET, REGIONAL OUTLOOK, 2021 & 2026 (IN %)
FIGURE 38: LATIN AMERICA ELECTRIC VEHICLE MARKET, 2022-2026 (IN THOUSAND UNITS)
FIGURE 39: MIDDLE EAST & AFRICA ELECTRIC VEHICLE MARKET, 2022-2026 (IN THOUSAND UNITS)