Electric Vehicles are the most preferred vehicles due to its capability to boost efficiency, no requirement of the direct fuel combustion and rely on electricity. Over the last decade, the demand of the electric vehicles has increased with an increase in the number of electric vehicle charging stations, usage of electric vehicles with the rising consumer awareness and stringent environmental regulations.
Electric vehicle market is driven by the use of the Battery Electric Vehicle (BEV) and Plug-In Hybrid Electric Vehicle (PHEV). Battery Electric Vehicle (BEV) contributes the largest market share in comparison to the Plug-In Hybrid Electric Vehicle (PHEV). The electric vehicles are classified as the two-three wheelers, passenger cars, and commercial vehicles on the basis of the vehicle type. Among those vehicles, two-three wheelers account for the highest market size in comparison to the commercial vehicles and passenger cars.
Global Electric Vehicle Market is expected to reach 15.471 million units in 2026 at a Compound Annual Growth Rate (CAGR) of 35.45 percent for the forecasted period of 2016-2026. China has the largest market share followed by the United States in 2017. On the other hand, France accounts for the lowest market share.
The government has taken the few initiatives for decreasing the dependency on the fossil fuels and promoting the usage of the electric vehicles by providing the tax exemption, exempting a vehicle purchase from sales taxes, and offering tax credits or rebates, exemptions from annual taxes and fees. Government is also encouraging the deployment of charging stations by providing the tax incentives for the installation of charging equipment, public funding, utility support, workplace charging.
Major players such as BYD Auto Co., Ltd, Tesla Motors, BMW Group, Renault–Nissan, BAIC Group, Volkswagen AG, Greely Group, SAIC Motor Corporation, General Motors, Zotye Auto are involved in developing the new electric vehicle models with enhanced range and performance in comparison to the existing electric vehicle models. BMW is expected to launch more than 16 new electric models, Volkswagen Group is expected to launch more than 25 new electric vehicles, and General Motors is expected to launch more than 11 new electric vehicle models by 2026.
Government and companies are focusing on developing the lower-cost and higher-range electric vehicles and the charging infrastructures. Several factors such as rising charging stations, the launch of new electric car models, government investments & policy, rising consumer awareness regarding electric vehicles and technological advancement are fueling the market growth.
An increase in the number of collaborations and agreements between companies and organizations, rising consumer awareness, technological advancement, enhanced range of electric vehicles will have a positive impact on the market during the forecasted period.
BYD Auto Co., Ltd, Tesla Motors, BMW Group, Renault–Nissan, BAIC Group, and Volkswagen AG. Other prominent players Greely Group, SAIC Motor Corporation, General Motors, Zotye Auto are the leading market players worldwide.
Key Questions Answered:
- Global Electric Vehicle market size; 2016-2026
- Global Electric Vehicle Market by Propulsion Type; 2016-2026
- Global Electric Vehicle Market by Vehicle Type; 2016-2026
- Electric Vehicle market size in the United States, United Kingdom, Germany, France, Japan & China; 2016-2026
- Electric Vehicle Market size by Propulsion Type in the United States, United Kingdom, Germany, France, Japan & China; 2016-2026
- Electric Vehicle Market size by Vehicle Type in the United States, United Kingdom, Germany, France, Japan & China; 2016-2026
- Detailed analysis of growth drivers, and challenges
- SWOT (Strength, Weakness, Opportunities & Threat) Analysis of the global electric vehicle market
- Detailed Company & their products profiles of Key Market Players: BYD Auto Co., Ltd, Tesla Motors, BMW Group, Renault–Nissan, BAIC Group, and Volkswagen AG
1. Executive Summary
2. Electric Vehicle: Overview
I. Key Parts of Electric Vehicles
II. Types of Electric Vehicles
III. History of Electric Vehicles
IV. Working Principle of Electric Cars
V. Benefits of Electric Vehicles
3 Global Electric Vehicle Market
I. Global Electric Vehicle Market Size
II. Global Electric Vehicle Market by Propulsion Type
III. Global Electric Vehicle Market by Vehicle Type
IV. Global Electric Vehicle Market by Major Players
4. Region Wise Electric Vehicle Market
I. United States
a. Electric Vehicle Market Size
b. Electric Vehicle Market by Propulsion Type
c. Electric Vehicle Market by Vehicle Type
d. Electric Vehicle Market by Major Players
II. United Kingdom
a. Electric Vehicle Market Size
b. Electric Vehicle Market by Propulsion Type
c. Electric Vehicle Market by Vehicle Type
d. Electric Vehicle Market by Major Players
III. Germany
a. Electric Vehicle Market Size
b. Electric Vehicle Market by Propulsion Type
c. Electric Vehicle Market by Vehicle Type
d. Electric Vehicle Market by Major Players
IV. France
a. Electric Vehicle Market Size
b. Electric Vehicle Market by Propulsion Type
c. Electric Vehicle Market by Vehicle Type
d. Electric Vehicle Market by Major Players
V. China
a. Electric Vehicle Market Size
b. Electric Vehicle Market by Propulsion Type
c. Electric Vehicle Market by Vehicle Type
d. Electric Vehicle Market by Major Players
VI. Japan
a. Electric Vehicle Market Size
b. Electric Vehicle Market by Propulsion Type
c. Electric Vehicle Market by Vehicle Type
d. Electric Vehicle Market by Major Players
5. Market Dynamics
I. Growth Drivers
a. Government Policy
b. Rising Consumer Awareness
c. Technological Advancement
d. Rising charging Infrastructures
II. Challenges
a. Range and Batteries
b. Charging
c. Purchase Price
6. SWOT Analysis of Global Electric Vehicle Market
7. Companies Profiles
I. Tesla, Inc.
a. Business Overview
b. Financial Overview
c. Business Strategy
d. Product Profiles
i. Model S
ii. Model X
iii. Model 3
iv. Future Consumer and Commercial EVs
II. Nissan Motor Co. Ltd.
a. Business Overview
b. Financial Overview
c. Business Strategy
d. Product Profiles
i. Prairie Joy EV
ii. PIVO
iii. Nissan Leaf
III. BYD Auto Co., Ltd
a. Business Overview
b. Financial Overview
c. Business Strategy
d. Product Profiles
i. Passenger Electric Vehicles
ii. Commercial Electric Vehicles
IV. Volkswagen
a. Business Overview
b. Financial Overview
c. Business Strategy
d. Product Profiles
i. e-Golf
ii. e-up!
iii. Golf GTE
iv. The Passat GTE
v. Passat Estate GTE
V. BMW Group
a. Business Overview
b. Financial Overview
c. Business Strategy
d. Product Profiles
i. BMWi
ii. MINI Electric
iii. BMW iPerformance
8. About EffeMarket
9. Disclaimer
10. Contact US
Figure 1: Key Parts of Electric Vehicles
Figure 2: Plug-in Hybrid Electric Vehicle
Figure 3: Battery Electric Vehicle
Figure 4: Fuel Cell Electric Vehicle
Figure 5: Timeline of Electric Vehicle
Figure 6: Global Electric Vehicle Market Size, in Million units (2016-2026)
Figure 7: Global Electric Vehicle Market Size by Propulsion Type, in Million units (2016-2026)
Figure 8: Global Electric Vehicle Market Size by Vehicle Type, in Million units (2016-2026)
Figure 9: Global Electric Vehicle Market Distribution by Major Players (2017)
Figure 10: Global Electric Vehicle Market Size by Major Players, in Million units (2017)
Figure 11: Region Wise Electric Vehicle Market (2017)
Figure 12: Region Wise Electric Vehicle Market (2026)
Figure 13: Region Wise Electric Vehicle Market (2016-2026)
Figure 14: Electric Vehicle Market Size in the United States, in Million units (2016-2026)
Figure 15: Electric Vehicle Market Size by Propulsion Type in the United States, in Million units (2016-2026)
Figure 16: Electric Vehicle Market Size by Vehicle Type in the United States, in Million units (2016-2026)
Figure 17: Electric Vehicle Market Distribution by Major Players in the United States (2017)
Figure 18: Electric Vehicle Market Size by Major Players in the United States, in Million units (2017)
Figure 19: Electric Vehicle Market Size in the United Kingdom, in Million units (2016-2026)
Figure 20: Electric Vehicle Market Size by Propulsion Type in the United Kingdom, in Million units (2016-2026)
Figure 21: Electric Vehicle Market Size by Vehicle Type in the United Kingdom, in Million units (2016-2026)
Figure 22: Electric Vehicle Market Distribution by Major Players in the United Kingdom (2017)
Figure 23: Electric Vehicle Market Size by Major Players in the United Kingdom, in Million units (2017)
Figure 24: Electric Vehicle Market Size in Germany, in Million units (2016-2026)
Figure 25: Electric Vehicle Market Size by Propulsion Type in Germany, in Million units (2016-2026)
Figure 26: Electric Vehicle Market Size by Vehicle Type in Germany, in Million units (2016-2026)
Figure 27: Electric Vehicle Market Distribution by Major Players in Germany (2017)
Figure 28: Electric Vehicle Market Size by Major Players in Germany, in Million units (2017)
Figure 29: Electric Vehicle Market Size in France, in Million units (2016-2026)
Figure 30: Electric Vehicle Market Size by Propulsion Type in France, in Million units (2016-2026)
Figure 31: Electric Vehicle Market Size by Vehicle Type in France, in Million units (2016-2026)
Figure 32: Electric Vehicle Market Distribution by Major Players in France (2017)
Figure 33: Electric Vehicle Market Size by Major Players in France, in Million units (2017)
Figure 34: Electric Vehicle Market Size in China, in Million units (2016-2026)
Figure 35: Electric Vehicle Market Size by Propulsion Type in China, in Million units (2016-2026)
Figure 36: Electric Vehicle Market Size by Vehicle Type in China, in Million units (2016-2026)
Figure 37: Electric Vehicle Market Distribution by Major Players in China (2017)
Figure 38: Electric Vehicle Market Size by Major Players in China, in Million units (2017)
Figure 39: Electric Vehicle Market Size in Japan, in Million units (2016-2026)
Figure 40: Electric Vehicle Market Size by Propulsion Type in Japan, in Million units (2016-2026)
Figure 41: Electric Vehicle Market Size by Vehicle Type in Japan, in Million units (2016-2026)
Figure 42: Electric Vehicle Market Distribution by Major Players in Japan (2017)
Figure 43: Electric Vehicle Market Size by Major Players in Japan, in Million units (2017)
Figure 44: Total Revenues of Tesla in $Billion (2013-2017)
Figure 45: Segmentation of Tesla’s Revenues (2016- 2017)
Figure 46: Geographical Distribution of Tesla’s Net Revenue (2016-2017)
Figure 47: Total Revenues of Nissan Motor Co. Ltd in $Billion (2013-2017)
Figure 48: Geographical Distribution of Nissan ‘s Net Revenue (2016-2017)
Figure 49: Total Revenues of BYD Auto Co., Ltd., in $Billion (2013-2017)
Figure 50: Segmentation of BYD ‘s Revenues (2017)
Figure 51: Geographical Distribution of BYD ‘s Net Revenue (2017)
Figure 52: Total Revenues of Volkswagen in $Billion (2013-2017)
Figure 53: Geographical Distribution of Volkswagen ‘s Net Revenue (2016-2017)
Figure 54: Total Revenues of BMW Group in $Billion (2013-2017)
Figure 55: Segmentation of BMW Group’s Revenues (2017)
Figure 56: Geographical Distribution of BMW Group’s Net Revenue (2017)
Table 1: Key Parts of Electric Vehicles
Table 2: Benefits of Electric Vehicles
Table 3: Global Electric Vehicle Market Size, in Million units (2016-2026)
Table 4: Global Electric Vehicle Market Size by Propulsion Type, in Million units (2016-2026)
Table 5: Global Electric Vehicle Market Size by Vehicle Type, in Million units (2016-2026)
Table 6: Global Electric Vehicle Market Size by Key Players, in Million units (2017)
Table 7: Electric Vehicle Market Size in the United States, in Million units (2016-2026)
Table 8: Electric Vehicle Market Size by Propulsion Type in the United States, in Million units (2016-2026)
Table 9: Electric Vehicle Market Size by Vehicle Type in the United States, in Million units (2016-2026)
Table 10: Electric Vehicle Market Size by Key Players in the United States, in Million units (2017)
Table 11: Electric Vehicle Market Size in the United Kingdom, in Million units (2016-2026)
Table 12: Electric Vehicle Market Size by Propulsion Type in the United Kingdom, in Million units (2016-2026)
Table 13: Electric Vehicle Market Size by Vehicle Type in the United Kingdom in Million units (2016-2026)
Table 14: Electric Vehicle Market Size by Key Players in the United Kingdom, in Million units (2017)
Table 15: Electric Vehicle Market Size in Germany, in Million units (2016-2026)
Table 16: Electric Vehicle Market Size by Propulsion Type in Germany, in Million units (2016-2026)
Table 17: Global Electric Vehicle Market Size by Vehicle Type in Germany, in Million units (2016-2026)
Table 18: Electric Vehicle Market Size by Key Players in Germany, in Million units (2017)
Table 19: Electric Vehicle Market Size in France, in Million units (2016-2026)
Table 20: Electric Vehicle Market Size by Propulsion Type in France, in Million units (2016-2026)
Table 21: Electric Vehicle Market Size by Vehicle Type in France, in Million units (2016-2026)
Table 22: Electric Vehicle Market Size by Key Players in France, in Million units (2017)
Table 23: Electric Vehicle Market Size in China, in Million units (2016-2026)
Table 24: Electric Vehicle Market Size by Propulsion Type in China, in Million units (2016-2026)
Table 25: Electric Vehicle Market Size by Vehicle Type in China, in Million units (2016-2026)
Table 26: Electric Vehicle Market Size by Key Players in China, in Million units (2017)
Table 27: Electric Vehicle Market Size in Japan, in Million units (2016-2026)
Table 28: Global Electric Vehicle Market Size by Propulsion Type in Japan, in Million units (2016-2026)
Table 29: Global Electric Vehicle Market Size by Vehicle Type in Japan, in Million units (2016-2026)
Table 30: Electric Vehicle Market Size by Key Players in Japan, in Million units (2017)