Electric Vehicles Market: Industry Trends, Demand and Global Forecast 2023

Global Electric Vehicles Market Information Report, By Technology (Battery Electric Vehicles, Hybrid Electric Vehicles and Plug-In Hybrid Electric Vehicles), By Vehicle Type (Passenger Cars, Commercial Vehicles and Two Wheelers), and By Region - Forecast To 2023

Market Highlights:

The global Electric Vehicle Market is a very dynamic and is expected to witness significant growth over the forecast period. The growth of the electric vehicle market is majorly influenced by the surge in demand of electric vehicle worldwide, increasing fuel prices, and expansion of global auto-manufacturers into new emerging markets and government initiatives and among others. On the other hand, emerging economies seeks more opportunities for electric vehicles will create ample scope for market growth. However, high prices of electric vehicles and underdeveloped aftermarket services could hinder the market growth.

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Global automakers are increasingly introducing the electric cars to tackle the vehicle emission problems and reduce pollution. This has resulted in electric cars being increasingly affordable and commercially competitive with the conventional gasoline cars. One of the major drawbacks of the electric cars is the complexity of its drive and power train systems. The manufacturing of the individual components of these systems is highly costly and requires more time to test and implement the technology.

Key Players of Electric Vehicles Market:

The major players operating in this market includes Nissan Motor Company, Tesla Inc, Toyota Motor Corporation, Ford Motor Company, Volkswagen, BMW, General Motors, Daimler AG, Hyundai Motor Company, Mitsubishi Motors Corporation and among others.

Market Research Analysis:

Geographically, Asia-Pacific is the leading market for electric vehicle which has consumed the market share of 53.2% in 2016. Presence of China, Japan and South Korea is one of the major factors that is driving the electric vehicles market. China is the largest market for electric car and electric two wheeler. Since 2015, the sales have been grown massively in China. However, it has created an ample scope for the automakers to cover the region. Moreover, the automakers such as Tesla, Tata Motors, Hyundai and other have decided to initiative the electric car production in India as well, which is quiet a profitable decision as the government has also taken various steps to make more investment in these countries.

As per MRFR analysis, China is the largest market for electric vehicles production and has produced around 40% of the total electric vehicle build globally in 2016. Overtaking the US, China is now the most attractive country for electric vehicles. China has stretched its industry leadership by making profits across all scopes of the supply side of electric vehicles containing current and projected production of electric vehicle and their components, such as electric motors and lithium-ion battery cells.

Brief TOC:

1 Executive Summary

2 Introduction

2.1 Scope of the Study

2.2 Assumptions

2.3 Market Structure

3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.2.1 Surge in Demand of Electric Vehicle Worldwide

4.2.2 Increasing Fuel Prices Will Boost Demand of Electric Vehicles

4.2.3 Government Initiatives

4.2.4 Expansion Of Global Auto-Manufacturers Into New Emerging Markets

4.3 Market Restraints

4.3.1 High Prices of Electric Vehicles

4.3.2 Underdeveloped Aftermarket Services

4.4 Market Opportunities

4.4.1 Emerging Economies Seeks More Opportunities for Electric Vehicles


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Scope of the Report:

This study provides an overview of the global electric vehicles market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global electric vehicles market by technology, by vehicle type and by regions.

By Technology

Battery Electric Vehicles
Hybrid Electric Vehicles
Plug-In Hybrid Electric Vehicles
By Vehicle type

Passenger Cars
Commercial Vehicles
Two Wheelers
By Regions

North America
Asia Pacific
Rest of the World
List of Tables:

Table 1 Global Electric Vehicle Market, By Technology, 2015-2023 (Usd Million)

Table 2 Global Electric Vehicle Market, By Vehicle Type, 2015-2023 (Usd Million)

Table 3 Global Electric Vehicle Market, By Region, 2015-2023 (Usd Million)

Table 4 North America Electric Vehicle Market By Country, 2015-2023 (Usd Billion)

Table 5 North America Electric Vehicle Market By Technology, 2015-2023 (Usd Billion)

Table 6 North America Electric Vehicle Market By Vehicle Type, 2015-2023 (Usd Billion)

Table 7 U.S. Electric Vehicle Market, By Technology, 2015-2023 (Usd Billion)

Table 8 U.S. Electric Vehicle Market, By Vehicle Type, 2015-2023 (Usd Billion)


Contact Details

Company Name: Market Research Future
Issued By: Kamal Patil
Phone: +1 646 845 9312
Address: Contact: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar Pune - 411028 Maharashtra, India +1 646 845 9312 Email: sales@marketresearchfuture.com
City: Pune
State: MH
Zip: 411028
Country: India
Website: Visit the website

Keywords : Electric Vehicles Market,

by Kamal Patil (last year!)

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