The Electric Vehicle Market is projected to grow at a CAGR 19.27% rate during the forecast period. Investments made by Governments across the globe to increase the adoption of electric vehicles, creating opportunities for OEMs to expand their revenue stream and geographical presence. The mid-priced segment is expected to grow at the highest CAGR during the forecast period. In the Asia Pacific region, China is one of the leading countries for mid-priced vehicles. Companies such as BYD, Smart, and Great Wall Motors are manufacturing comparatively less expensive automobiles.
FCEV segment is expected to grow at the highest CAGR during the forecast period. FCEVs have better fuel economy and can travel around 300-400 miles with a full fuel tank. The refueling time for fuel cell powered vehicles is about 3 to 5 minutes. This makes FCEVs an ideal option for transportation on definite or fixed routes. However, the availability of infrastructure such as hydrogen refueling stations, hydrogen production facilities, and supporting fuel cell technology is minimal worldwide due to the substantial cost of fuel cell stack and system.
Asia Pacific electric vehicle market is expected to register the fastest growth during the forecast period. This region has a strong presence of EV manufacturing OEMs such as BYD, BAIC, SAIC, and Geely, among others. Moreover, the region has high technology adoption rate. The increasing demand for reducing carbon emission and developing more advanced and fast charging stations are expected to propel the electric vehicle market growth.
Key Market Players include Tesla (US), BYD (China), BMW (Germany), Volkswagen (Germany), and Nissan (Japan).
1. Introduction
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
2.5. Limitations and Assumptions
3. Market Dynamics
3.1. Drivers
3.1.1.Favorable Government Policies and Subsidies
3.1.2.Heavy Investments From Automakers in EVs
3.1.3.Growing Concerns Over Environmental Pollution
3.1.4.Demand for Increased Vehicle Range Per Charge
3.1.5.Major Increase in EV Models
3.2. Challenges
3.2.1.High Cost of EVs in Comparison to Ice Vehicles
3.2.2.Stringent Rules for Installation of Charging Stations
3.2.3.Limited Range of EVs
3.2.4.Lack of Standardization of Charging Infrastructure
3.3. Opportunities
3.3.1.EV Ecosystem Competitive Leadership Mapping
4. Executive Summary
5. Electric Vehicle Market, By Component
5.1. Battery Cells & Packs
5.2. On-Board Charger
5.3. Fuel Stack
6. Electric Vehicle Charging Market, By Charging Point Type
6.1. Normal Charging
6.2. Super Charging
7. Electric Vehicle Market, By Propulsion Type
7.1. Battery Electric Vehicle (BEV)
7.2. Fuel Cell Electric Vehicle (FCEV)
7.3. Plug-In Hybrid Electric Vehicle (PHEV)
7.4. Hybrid Electric Vehicle (HEV)
8. Electric Vehicle Market, By Vehicle Type
8.1. Passenger Car (Pc)
8.2. Commercial Vehicles (CV)
9. Electric Vehicle Market, By Vehicle Class
9.1. Mid-Priced
9.2. Luxury
10. Electric Vehicle Market, By Region
10.1. Asia Pacific
10.1.1. China
10.1.2. India
10.1.3. Japan
10.1.4. South Korea
10.2. Europe
10.2.1. France
10.2.2. Germany
10.2.3. Netherlands
10.2.4. Norway
10.2.5. Sweden
10.2.6. UK
10.2.7. Denmark
10.2.8. Austria
10.2.9. Switzerland
10.2.10. Spain
10.3. North America
10.3.1. Canada
10.3.2. US
11. Company Profiles
11.1. Tesla Motors
11.2. Nissan Motor
11.3. BYD
11.4. BMW
11.5. Volkswagen
11.6. Toyota
11.7. Ford
11.8. Volvo
11.9. Daimler
11.10. Hyundai
11.11. Honda
11.12. Continental
11.13. General Motors
11.14. Rivian
11.15. Faraday Future
*Company introduction, financial information, recent developments, SWOT analysis
12. Conclusion and Recommendations
13. Appendix
13.1. About
13.2. Related Reports
13.3. Glossary
