Market Research Report
Global EV and PHEV Market Insights, Forecast to 2028
|Global EV and PHEV Market Insights, Forecast to 2028|
Published: March 31, 2022
Content info: 165 Pages
Delivery time: 2-3 business days
Due to the COVID-19 pandemic, the EV and PHEV market was valued at US$ 164,786 million in 2021 and is projected to reach US$ 550,560 million by 2028, at a CAGR of 14.86% during the forecast period (22-28). Fully considering the economic change by this health crisis, BEV accounted for a share of 65.3% in the global EV and PHEV market. And this product segment is poised to reach US$ 384,115.7 million by 2028 from US$ 107,598.8 million in 2021.. While Home Use segment is altered to an 15.5 % CAGR throughout this forecast period.
China EV and PHEV market size was US$ 74,363.9 million in 2021, while the US and Europe EV and PHEV were US$ 18,869.7 million and US$ 64,200.8 million, severally. The proportion of the US was 11.4% in 2021, while China and Europe are 45.1% and 38.9% respectively, and it is predicted that China proportion will reach 47.6% in 2028, trailing a CAGR of 14.7 % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR 15.8%,19.2%, and 27.6% respectively for the next 6-year period. As for the Europe EV and PHEV landscape, Germany is projected to reach US$ 59,332.5 million by 2028 trailing a CAGR of 12.8% over the forecast period.
The global key manufacturers of EV and PHEV include Tesla, BYD, BMW, Volkswagen, Mercedes-Benz, Stellantis, VOLVO, Hyundai & Kia, and Renault, etc. In 2021, the global top five players hold a share approximately 58.4% in terms of revenue.
In terms of production side, this report researches the EV and PHEV production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of EV and PHEV by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
EV and PHEV market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global EV and PHEV market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type, and by Application for the period 2017-2028.