Product Code: AT 4907
The global electric vehicles market is projected to grow from USD 396.4 Billion in 2024 to USD 620.3 Billion by 2030, registering a CAGR of 7.7%. The global electric vehicle (EV) market has well developed over the years due to several factors. Emerging environmental consciousness for air pollution and greenhouse gas emissions, among others, has led the governments across the globe to put supportive policies, which involve subsidies, tax exemptions, and stringent emission standards, in favor of electric transport. There have been recent advances in battery technology, especially high-capacity, fast-charging batteries that make EVs more usable over a reasonable range, thus allowing consumer adoption where they help to manage congestion and pollution. Altogether these factors have led to the growth of a global and active market of EV that has gradually witnessed the growth of consumer demand and provisions for electric vehicles.
Scope of the Report |
Years Considered for the Study | 2019-2030 |
Base Year | 2024 |
Forecast Period | 2024-2030 |
Units Considered | Value (USD Billion) |
Segments | Component, Vehicle Type, Vehicle Class, Propulsion (BEV, PHEV, FCEV), E/E Architecture, Vehicle Connectivity, End Use & Region |
Regions covered | Asia Pacific, Europe, North America, and Middle East & Africa |
"Supportive government regulations and subsidies to drive market."
The passenger car segment is the largest by vehicle type and mainly comprises sedans, hatchbacks, station wagons and SUVs/MUVs and other car types. Passenger car segment is ideal for the EVs since it remains the biggest segment of the automotive industry. Thus, it is increasing at a higher growth rate in the emerging economy of the Asia Pacific region because of the increasing GDP and population, the enhancement in people's living standards, enhanced purchasing power of the consumers, and the advancement of the structure in the Asia Pacific region in combination with support from government policies in countries like China, Japan, and South Korea targetting the reduction in zero emission vehicles.
Because of various alternatives, sophisticated technologies, increased client knowledge and government incentives, electric passenger cars are the most preferred division which is also having greatest predicted CAGR. Major players in this area are behemoths such as BYD, Tesla, Volkswagen and more with the best selling models for 2023 being the Tesla Model Y, BYD Song and Wuling HongGuang Mini EV.
Countries like China exhibit a short waiting time for EVs compared to ICE vehicles. Forcing of emission norms is on the rise and therefore EU Member States have put forward the goal of reducing emissions by 2030-2035. The US government has strategies targeting a 50% electricization of its running fleets by the year 2030.
"Rising demand for high-performance electric vehicles to drive market."
The EV markets of Europe and North America are being led by high-end vehicles having the largest battery capacities, longest ranges, quickest acceleration times, and highest top speeds. These are some of the costliest cars on the road today consisting of a plethora of mid-range electric models. Some of the traditional car makers such as Tesla, Volvo, Mercedes Benz, BMW and Volkswagen and specialized EV makers in this segment make to segment vehicles. Some of the global high performance electric vehicles are Mercedes-AMG EQS, Porsche Taycan Turbo S, Audi RS e-tron GT, and among others. Most of these EVs are in the category of luxury EVs and hyper-cars. At the Beijing Auto Show in April 2024, Geely showcased it new PHEV flagship SUV Geely Galaxy Starship with the top speed of around 146 MPH. The >125 mph segment is primarily dominated by the Asia Pacific region which appears to have more demand for premium cars electric vehicles. Some of the world's leading markets for these vehicles are China, Japan Germany and France with many regional Manufacturers. North America also shows an increasing trend for higher speed electric vehicles. Customers are seeking such vehicles as well as their enhanced functions, which consist of improved acceleration. A car that can be leased/acquired from Tesla includes the Tesla Model S Plaid that has a maximum speed of ~ 204 mph.
"Improved range and battery efficiency to drive market."
The mid-power EVs are positioned at an important class within the automotive industry, which is between the affordable products and the improved characteristics. Sitting between Economy and Premium models, mid-range of charging is for those buyers who are not looking for cheap cars but rather a good value car with efficiency, advanced technologies and comfort incorporated to their electric vehicles. These vehicles are available for roughly between $30000 to $45000 for persons seeking better capabilities and refined ride. Another profound feature is that mid-priced EVs have longer ranges and better batteries as compared to the low-priced ones. Manufacturers are incorporating larger batteries and better ways of transfering power to cover more distance in a single charge. This makes them possible to use for daily usage and also for longer road trips and this eliminates the biggest hindrance that a lot of people have about EVs-range anxiety. Also, mid-priced EVs often come with faster charging options, which means less time is spent charging the car and more is spent driving it, which is a big plus for owners. Hyundai, General Motors, Honda, Nissan among other extensively developed car producers are also producing mid-priced EVs to gain better market shares. Other mid-priced EVs are BMW 3 Series PHEV, Zeekr One, Ford Mustang Mach-E, Volvo XC40, Renault Megane EV, Hyundai Ioniq 5, Volkswagen ID-4, Kia Niro EV.
"Stricter emission regulations to drive market."
The market for BEVs has been on the rise following several critical factors that are pushing towards making their use more rife in the society. This is due to growing awareness to environment degradations such as climate change and air pollution in the current society. BEVS do not emit any exhaust pipe pollutants and thus could be seen as an answer to cutting down GHG and enhancing IAQ. Customers globally are forcing governments to set high emission standards while simultaneously promoting EVs through tax credit, rebates and subsidies. Also, more and more communities are implementing low-emission zones and encouraging the adoption of efficient means of transport, which will also spur BEV sales.
Other factors contributing to the growth of the BEV market have also been improvements in battery technology thanks to exploitations in technology. Advancements pertaining to battery improvements, costs, and charging times have made the use of BEVs a more practical and feasible solution for customers. Among the solutions, efforts of various stations for charging the cars and installation of superchargers eliminated the issue of range anxiety and made the car operation more comfortable. Moreover, the automotive industry's transition to electrification with car manufacturers and brands focusing on EV production and launching new appealing BEV models has also broadened the range meeting demand and choice requirements of consumers. Such factors as nature friendliness, increasing customer knowledge and awareness, and desirable perceptions towards BEVs are factors that have contributed to the growth of the BEV market.
Segmented into sedans, SUVs and hatchbacks (to mention but a few), BEVs are available in various segments with OEMs indeed introducing electric models more frequently owing to the growing demand for them. There exists a number of leading global EV manufacturers such as Tesla, BYD, Volkswagen AG, SAIC Motors among others like Geely-Volvo or Stellantis. At the same time, Nissan and others including Toyota and General Motors also remain as close competitors. In April 2024, it was Tesla that introduced its updated Model 3 Performance with maximum speed of 163 mph (263 km/h) with rear-wheel drive transmission system only.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
- By Company Type: OEMs - 30%, Tier I - 60%, Tier II & III - 10%,
- By Designation: CXOs - 35%, Managers- 50%, Executives- 15%
- By Region: North America- 20%, Europe - 20%, Asia Pacific- 50% and Middle East & Africa - 10%
The electric vehicle market is dominated by global players such as BYD (China), Tesla (US), Volkswagen AG (Germany), Geely-Volvo (China) and SAIC Motors (China). These companies manufacture and develop new technologies in electric vehicle market. For instance, in May 2024, BYD launched the e-Platform 3.0 Evo, an upgraded version of its battery electric vehicle (BEV) model platform, as well as the first model based on the new platform, the Sea Lion 07 EV. Additionally, in May 2024, Volkswagen partnered with SAIC Motor for its premium brand Audi to develop a new China-specific platform for intelligent and electric vehicles. BYD has adopted strategies such as product developments and deals, whereas Volkswagen has expaned in new region to gain traction in the market. In February 2024, BYD, and the Emil Frey Group, have agreed on a partnership to distribute and sell BYD's range of innovative electric vehicles in Switzerland and Liechtenstein. Additionally, in April 2024, Volkswagen announced plans to invest USD 210 million to upgrade and modernize its Kariega, South Africa plant to support the production of a new SUV-type model starting in 2027.
Research Coverage:
The market study covers the electric vehicle market size and future growth potential across different segments by component, vehicle type, vehicle class, propulsion, vehicle drive type, E/E architecture, top speed, charging point type, vehicle connectivity, end use and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of the Report
- The report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall electric vehicle market and its subsegments.
- This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
- The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Government incentives for electrification, Lower operating costs, Advancement in Battery Technology, Lower emissions), restraints (High upfront costs of electric vehicles, High initial investments for installing EV fast charging infrastructure, Battery Longevity and Replacement Costs), opportunities (Rapid Investment in charging infrastructure, Advancement in wireless EV charging technology for on-the-go charging, Use of EVs for fleets and commercial applications), and challenges (Longer Charging Time,Lack of standardization of EV charging infrastructure)
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the electric vehicle market
- Market Development: Comprehensive information about lucrative markets - the report analyses the electric vehicle market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the electric vehicle market
- Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like BYD (China), Tesla (US), Volkswagen AG (Germany), Geely-Volvo (China), SAIC Motors (China), and among others in the electric vehicle market.
- Strategies: The report also helps stakeholders understand the pulse of the electric commercial vehicle market and provides them information on key market drivers, restraints, challenges, and opportunities.
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 STUDY OBJECTIVES
- 1.2 MARKET DEFINITION
- 1.2.1 INCLUSIONS AND EXCLUSIONS
- 1.3 MARKET SCOPE
- 1.4 CURRENCY CONSIDERED
- 1.5 UNITS CONSIDERED
- 1.6 STAKEHOLDERS
- 1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.1.1 List of secondary sources
- 2.1.1.2 Key data from secondary sources
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Primary interviews
- 2.1.2.2 List of primary interview participants
- 2.2 MARKET SIZE ESTIMATION
- 2.2.1 BOTTOM-UP APPROACH
- 2.2.2 TOP-DOWN APPROACH
- 2.3 DATA TRIANGULATION
- 2.4 FACTOR ANALYSIS
- 2.5 RESEARCH ASSUMPTIONS
- 2.6 RESEARCH LIMITATIONS
- 2.7 RISK ANALYSIS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELECTRIC VEHICLE MARKET
- 4.2 ELECTRIC VEHICLE MARKET, BY CHARGING POINT TYPE
- 4.3 ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE
- 4.4 ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS
- 4.5 ELECTRIC VEHICLE MARKET, BY PROPULSION
- 4.6 ELECTRIC VEHICLE MARKET, BY VEHICLE TOP SPEED
- 4.7 ELECTRIC VEHICLE MARKET, BY VEHICLE DRIVE TYPE
- 4.8 ELECTRIC VEHICLE MARKET, BY E/E ARCHITECTURE
- 4.9 ELECTRIC VEHICLE MARKET, BY REGION
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
- 5.3 MARKET DYNAMICS
- 5.3.1 DRIVERS
- 5.3.1.1 Government incentives for electrification
- 5.3.1.2 Low operating cost
- 5.3.1.3 Advancements in battery technology
- 5.3.1.4 Low emissions
- 5.3.2 RESTRAINTS
- 5.3.2.1 High upfront cost
- 5.3.2.2 High initial investments for installing electric vehicle fast-charging infrastructure
- 5.3.2.3 Battery longevity and replacement cost
- 5.3.3 OPPORTUNITIES
- 5.3.3.1 Rapid investment in charging infrastructure
- 5.3.3.2 Advancement in wireless electric vehicle charging technology for on-the-go charging
- 5.3.3.3 Use of electric vehicles for fleets and commercial applications
- 5.3.4 CHALLENGES
- 5.3.4.1 Longer charging time
- 5.3.4.2 Lack of standardization of electric vehicle charging infrastructure
- 5.4 EXISTING AND UPCOMING ELECTRIC VEHICLE MODELS, 2024-2026
- 5.5 IMPACT OF AI/GENERATIVE AI IN ELECTRIC VEHICLE MARKET
- 5.6 TOTAL COST OF OWNERSHIP
- 5.7 BILL OF MATERIALS ANALYSIS
- 5.8 INVESTMENT AND FUNDING SCENARIO
- 5.9 OEM ELECTROMOBILITY PROGRESS
- 5.9.1 OEM TARGETS AND INVESTMENTS
- 5.10 ECOSYSTEM ANALYSIS
- 5.10.1 ELECTRIC VEHICLE CHARGING PROVIDERS
- 5.10.2 SOFTWARE PROVIDERS
- 5.10.3 BATTERY MANUFACTURERS
- 5.10.4 COMPONENT MANUFACTURERS
- 5.10.5 OEMS
- 5.10.6 END USERS
- 5.11 SUPPLY CHAIN ANALYSIS
- 5.12 KEY STAKEHOLDERS AND BUYING CRITERIA
- 5.12.1 PASSENGER CARS
- 5.12.2 COMMERCIAL VEHICLES
- 5.12.3 KEY STAKEHOLDERS IN BUYING PROCESS
- 5.12.4 BUYING CRITERIA
- 5.13 PRICING ANALYSIS
- 5.13.1 AVERAGE SELLING PRICE TREND, BY VEHICLE TYPE, 2021-2023
- 5.14 KEY CONFERENCES AND EVENTS IN 2024-2025
- 5.15 TECHNOLOGY ANALYSIS
- 5.15.1 KEY TECHNOLOGIES
- 5.15.1.1 V2X charging
- 5.15.1.2 V2L
- 5.15.2 ADJACENT TECHNOLOGIES
- 5.15.2.1 Solid-state batteries
- 5.15.2.2 Direct borohydride fuel cells
- 5.15.3 COMPLEMENTARY TECHNOLOGIES
- 5.15.3.1 IoT in electric vehicles
- 5.15.3.2 Methane fuel cells
- 5.16 PATENT ANALYSIS
- 5.17 TRADE ANALYSIS
- 5.18 CASE STUDY ANALYSIS
- 5.18.1 ELECTRIC VEHICLE FLEETS FOR PUBLIC SECTOR IN VERMONT, US
- 5.18.2 ACOUSTIC INNOVATION BY HYUNDAI IN ELECTRIC VEHICLES
- 5.18.3 CREATIVE APPROACH BY BMW TO ELECTRIC VEHICLE SOUND DESIGN
- 5.18.4 MERCEDES-BENZ'S ACOUSTIC VEHICLE ALERTING SYSTEM SET NEW STANDARD FOR ELECTRIC CARS
- 5.19 REGULATORY LANDSCAPE
- 5.19.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- 5.19.2 ELECTRIC VEHICLE INCENTIVES, BY KEY COUNTRIES
- 5.19.2.1 Netherlands
- 5.19.2.2 Germany
- 5.19.2.3 France
- 5.19.2.4 UK
- 5.19.2.5 China
- 5.19.2.6 US
- 5.19.2.7 Austria
- 5.20 FUNDING BY USE CASE APPLICATION
6 ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE
- 6.1 INTRODUCTION
- 6.2 OPERATIONAL DATA
- 6.3 PASSENGER CAR
- 6.3.1 SUPPORTIVE GOVERNMENT REGULATIONS AND SUBSIDIES TO DRIVE MARKET
- 6.4 COMMERCIAL VEHICLE
- 6.4.1 URBANIZATION AND SUSTAINABILITY GOALS TO DRIVE MARKET
- 6.5 KEY PRIMARY INSIGHTS
7 ELECTRIC VEHICLE MARKET, BY VEHICLE TOP SPEED
- 7.1 INTRODUCTION
- 7.2 OPERATIONAL DATA
- 7.3 <125 MPH
- 7.3.1 FOCUS ON EFFICIENCY AND RANGE TO DRIVE MARKET
- 7.4 >125 MPH
- 7.4.1 RISING DEMAND FOR HIGH-PERFORMANCE ELECTRIC VEHICLES TO DRIVE MARKET
- 7.5 KEY PRIMARY INSIGHTS
8 ELECTRIC VEHICLE MARKET, BY VEHICLE DRIVE TYPE
- 8.1 INTRODUCTION
- 8.2 OPERATIONAL DATA
- 8.3 FRONT-WHEEL DRIVE
- 8.3.1 BETTER TRACTION AND HIGHER POWER SAVINGS THAN REAR-WHEEL DRIVE VEHICLES TO DRIVE MARKET
- 8.4 REAR-WHEEL DRIVE
- 8.4.1 SUPERIOR PERFORMANCE AND HANDLING FEATURES TO DRIVE MARKET
- 8.5 ALL WHEEL DRIVE
- 8.5.1 HIGHER TRACTION AND PERFORMANCE TO DRIVE MARKET
- 8.6 KEY PRIMARY INSIGHTS
9 ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS
- 9.1 INTRODUCTION
- 9.2 OPERATIONAL DATA
- 9.3 LOW-PRICED
- 9.3.1 RISING DEMAND FOR AFFORDABLE ELECTRIC VEHICLES DUE TO FOCUS ON ENVIRONMENTAL CONCERNS TO DRIVE MARKET
- 9.4 MID-PRICED
- 9.4.1 IMPROVED RANGE AND BATTERY EFFICIENCY TO DRIVE MARKET
- 9.5 LUXURY
- 9.5.1 HIGH-PERFORMANCE ELECTRIC DRIVETRAINS TO DRIVE MARKET
- 9.6 KEY PRIMARY INSIGHTS
10 ELECTRIC VEHICLE MARKET, BY VEHICLE CONNECTIVITY
- 10.1 INTRODUCTION
- 10.2 V2B OR V2I
- 10.3 VEHICLE-TO-GRID
- 10.4 VEHICLE-TO-VEHICLE
11 ELECTRIC VEHICLE MARKET, BY CHARGING POINT TYPE
- 11.1 INTRODUCTION
- 11.2 OPERATIONAL DATA
- 11.3 AC (NORMAL CHARGING)
- 11.3.1 HIGH DEMAND IN HOME CHARGING IN EMERGING ECONOMIES TO DRIVE MARKET
- 11.4 DC (SUPERCHARGING)
- 11.4.1 RISING INVESTMENT IN SUPERCHARGING NETWORK BY OEMS AND CHARGING PROVIDERS TO DRIVE MARKET
- 11.5 INDUCTIVE CHARGING
- 11.6 KEY PRIMARY INSIGHTS
12 ELECTRIC VEHICLE MARKET, BY PROPULSION
- 12.1 INTRODUCTION
- 12.2 OPERATIONAL DATA
- 12.3 BATTERY ELECTRIC VEHICLE
- 12.3.1 STRICTER EMISSION REGULATIONS TO DRIVE MARKET
- 12.4 FUEL CELL ELECTRIC VEHICLE
- 12.4.1 LONGER DRIVING RANGE THAN OTHER ELECTRIC VEHICLE TYPES TO DRIVE MARKET
- 12.5 PLUG-IN HYBRID ELECTRIC VEHICLE
- 12.5.1 ADVANTAGE OF REDUCED FUEL CONSUMPTION TO DRIVE MARKET
- 12.6 HYBRID ELECTRIC VEHICLE
- 12.7 KEY PRIMARY INSIGHTS
13 ELECTRIC VEHICLE MARKET, BY E/E ARCHITECTURE
- 13.1 INTRODUCTION
- 13.2 OPERATIONAL DATA
- 13.3 400V
- 13.3.1 COST-EFFECTIVENESS OF 400V ARCHITECTURE TO DRIVE MARKET
- 13.4 800V
- 13.4.1 RISING DEMAND FOR ENHANCED PERFORMANCE AND FAST CHARGING TO DRIVE MARKET
- 13.5 KEY PRIMARY INSIGHTS
14 ELECTRIC VEHICLE MARKET, BY COMPONENT
- 14.1 INTRODUCTION
- 14.2 BATTERY CELLS AND PACKS
- 14.3 ON-BOARD CHARGERS
- 14.4 MOTORS
- 14.5 POWER CONTROL UNITS
- 14.6 BATTERY MANAGEMENT SYSTEMS
- 14.7 FUEL CELL STACKS
- 14.8 FUEL PROCESSORS
- 14.9 POWER CONDITIONERS
- 14.10 AIR COMPRESSORS
- 14.11 HUMIDIFIERS
15 ELECTRIC VEHICLE MARKET, BY END USE
- 15.1 INTRODUCTION
- 15.2 OPERATIONAL DATA
- 15.3 PRIVATE
- 15.4 COMMERCIAL FLEETS
16 ELECTRIC VEHICLE MARKET, BY REGION
- 16.1 INTRODUCTION
- 16.2 ASIA PACIFIC
- 16.2.1 CHINA
- 16.2.1.1 Presence of key market players to drive market
- 16.2.2 INDIA
- 16.2.2.1 Strong government support and heavy investment by OEMs to drive market
- 16.2.3 JAPAN
- 16.2.3.1 Advanced electric vehicle charging infrastructure to drive market
- 16.2.4 SOUTH KOREA
- 16.2.4.1 Development in battery technology to drive market
- 16.2.5 THAILAND
- 16.2.5.1 Government incentives and 2030 target to drive market
- 16.2.6 INDONESIA
- 16.2.6.1 Developments to create electric vehicle battery hub to drive market
- 16.2.7 MALAYSIA
- 16.2.7.1 National Green Technology Policy to drive market
- 16.2.8 VIETNAM
- 16.2.8.1 Development of comprehensive charging infrastructure system to drive market
- 16.3 EUROPE
- 16.3.1 FRANCE
- 16.3.1.1 OEM electrification plans to drive market
- 16.3.2 GERMANY
- 16.3.2.1 Heavy investment by key OEMs to drive market
- 16.3.3 NETHERLANDS
- 16.3.3.1 Tax exemption on battery electric vehicles to drive market
- 16.3.4 NORWAY
- 16.3.4.1 Commitment to ban new ICE vehicles by 2025 to drive market
- 16.3.5 SWEDEN
- 16.3.5.1 Goal of fossil-free vehicle fleet by 2045 to drive market
- 16.3.6 UK
- 16.3.6.1 Heavy investments in electric vehicle ecosystem to drive market
- 16.3.7 DENMARK
- 16.3.7.1 Long-term strategies for achieving carbon neutrality to drive market
- 16.3.8 AUSTRIA
- 16.3.8.1 Rapid transition to zero-emission vehicles to drive market
- 16.3.9 SWITZERLAND
- 16.3.9.1 Growing focus on development of electric vehicle ecosystem to drive market
- 16.3.10 SPAIN
- 16.3.10.1 Increasing investments in electric vehicle charging infrastructure to drive market
- 16.4 NORTH AMERICA
- 16.4.1 CANADA
- 16.4.1.1 Rising electric vehicle component development to drive market
- 16.4.2 US
- 16.4.2.1 Continuous government support and focus on cleaner mobility to drive market
- 16.5 MIDDLE EAST & AFRICA
- 16.5.1 UAE
- 16.5.1.1 National Electric Vehicles Policy for sustainable transportation to drive market
- 16.5.2 EGYPT
- 16.5.2.1 Rising environmental concerns to drive market
- 16.5.3 SOUTH AFRICA
- 16.5.3.1 Aim to increase adoption of new energy vehicles to drive market
17 COMPETITIVE LANDSCAPE
- 17.1 OVERVIEW
- 17.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
- 17.3 MARKET SHARE ANALYSIS FOR ELECTRIC VEHICLE MANUFACTURERS, 2023
- 17.4 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS, 2019-2023
- 17.5 COMPANY VALUATION AND FINANCIAL METRICS
- 17.5.1 COMPANY VALUATION
- 17.5.2 FINANCIAL METRICS
- 17.6 BRAND/PRODUCT COMPARISON
- 17.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
- 17.7.1 STARS
- 17.7.2 EMERGING LEADERS
- 17.7.3 PERVASIVE PLAYERS
- 17.7.4 PARTICIPANTS
- 17.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
- 17.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
- 17.8.1 PROGRESSIVE COMPANIES
- 17.8.2 RESPONSIVE COMPANIES
- 17.8.3 DYNAMIC COMPANIES
- 17.8.4 STARTING BLOCKS
- 17.8.5 COMPETITIVE BENCHMARKING
- 17.9 COMPETITIVE SCENARIO
- 17.9.1 PRODUCT LAUNCHES
- 17.9.2 DEALS
- 17.9.3 EXPANSIONS
18 COMPANY PROFILES
- 18.1 KEY PLAYERS
- 18.1.1 BYD
- 18.1.1.1 Business overview
- 18.1.1.2 Products/Solutions/Services offered
- 18.1.1.3 Recent developments
- 18.1.1.4 MnM view
- 18.1.1.4.1 Key strengths/Right to win
- 18.1.1.4.2 Strategic choices
- 18.1.1.4.3 Weaknesses & competitive threats
- 18.1.2 TESLA
- 18.1.2.1 Business overview
- 18.1.2.2 Products/Solutions/Services offered
- 18.1.2.3 Recent developments
- 18.1.2.4 MnM view
- 18.1.2.4.1 Key strengths/Right to win
- 18.1.2.4.2 Strategic choices
- 18.1.2.4.3 Weaknesses & competitive threats
- 18.1.3 VOLKSWAGEN
- 18.1.3.1 Business overview
- 18.1.3.2 Products/Solutions/Services offered
- 18.1.3.3 Recent developments
- 18.1.3.4 MnM view
- 18.1.3.4.1 Key strengths/Right to win
- 18.1.3.4.2 Strategic choices
- 18.1.3.4.3 Weaknesses & competitive threats
- 18.1.4 ZHEJIANG GEELY HOLDING GROUP
- 18.1.4.1 Business overview
- 18.1.4.2 Products/Solutions/Services offered
- 18.1.4.3 Recent developments
- 18.1.4.4 MnM view
- 18.1.4.4.1 Key strengths/Right to win
- 18.1.4.4.2 Strategic choices
- 18.1.4.4.3 Weaknesses & competitive threats
- 18.1.5 SAIC MOTOR
- 18.1.5.1 Business overview
- 18.1.5.2 Products/Solutions/Services offered
- 18.1.5.3 Recent developments
- 18.1.5.4 MnM view
- 18.1.5.4.1 Key strengths/Right to Win
- 18.1.5.4.2 Strategic choices
- 18.1.5.4.3 Weaknesses & competitive threats
- 18.1.6 STELLANTIS
- 18.1.6.1 Business overview
- 18.1.6.2 Products/Solutions/Services offered
- 18.1.6.3 Recent developments
- 18.1.6.4 MnM view
- 18.1.6.4.1 Key strengths/ Right to Win
- 18.1.6.4.2 Strategic choices
- 18.1.6.4.3 Weaknesses & competitive threats
- 18.1.7 BMW GROUP
- 18.1.7.1 Business overview
- 18.1.7.2 Products/Solutions/Services offered
- 18.1.7.3 Recent developments
- 18.1.8 NISSAN MOTORS
- 18.1.8.1 Business overview
- 18.1.8.2 Products/Solutions/Services offered
- 18.1.8.3 Recent developments
- 18.1.9 HYUNDAI GROUP
- 18.1.9.1 Business overview
- 18.1.9.2 Products/Solutions/Services offered
- 18.1.9.3 Recent developments
- 18.1.10 GREAT WALL MOTOR
- 18.1.10.1 Business overview
- 18.1.10.2 Products/Solutions/Services offered
- 18.1.10.3 Recent developments
- 18.1.11 TOYOTA MOTOR CORPORATION
- 18.1.11.1 Business overview
- 18.1.11.2 Products/Solutions/Services offered
- 18.1.11.3 Recent developments
- 18.1.12 GAC MOTOR
- 18.1.12.1 Business overview
- 18.1.12.2 Products/Solutions/Services offered
- 18.1.12.3 Recent developments
- 18.2 OTHER KEY PLAYERS
- 18.2.1 GENERAL MOTORS
- 18.2.2 RENAULT
- 18.2.3 FORD MOTOR COMPANY
- 18.2.4 BAIC MOTOR CORPORATION., LTD
- 18.2.5 MITSUBISHI MOTORS
- 18.2.6 CHERY INTERNATIONAL
- 18.2.7 JAC
- 18.2.8 ZOYTE
- 18.2.9 MERCEDES-BENZ GROUP AG
- 18.2.10 LUCID
- 18.3 KEY STARTUPS
- 18.3.1 XPENG
- 18.3.2 NIKOLA CORPORATION
- 18.3.3 NIO
- 18.3.4 FARADAY FUTURE
- 18.3.5 LEAPMOTOR
19 RECOMMENDATIONS BY MARKETSANDMARKETS
- 19.1 ASIA PACIFIC TO BE SIGNIFICANT MARKET FOR ELECTRIC VEHICLES
- 19.2 PASSENGER CAR TO EMERGE AS LARGEST SEGMENT OF ELECTRIC VEHICLE MARKET
- 19.3 DC (SUPER CHARGING) TO BE PROMISING SEGMENT OF ELECTRIC VEHICLE MARKET
- 19.4 CONCLUSION
20 APPENDIX
- 20.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
- 20.2 DISCUSSION GUIDE
- 20.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 20.4 CUSTOMIZATION OPTIONS
- 20.4.1 ELECTRIC VEHICLE MARKET, BY VEHICLE DRIVE TYPE AT COUNTRY-LEVEL (FOR COUNTRIES COVERED IN REPORT)
- 20.4.2 PROFILING OF ADDITIONAL MARKET PLAYERS (UP TO 5)
- 20.5 RELATED REPORTS
- 20.6 AUTHOR DETAILS