Electric Vehicles - Global Strategic Business Report

The global market for Electric Vehicles was sized at 12.9 Million Units in 2024 and is projected to reach 36.6 Million Units by 2030, growing at a CAGR of 19.0% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Electric Vehicles (EVs) Market - Key Trends & Drivers Summarized

Electric vehicles (EVs) have emerged as a revolutionary development in the automotive industry, transforming the landscape of transportation and energy consumption. These vehicles, powered by electric motors using energy stored in rechargeable batteries, offer a cleaner alternative to traditional internal combustion engine vehicles. EVs come in various types, including battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs), each catering to different consumer needs and driving patterns. The adoption of EVs is gaining momentum globally due to their environmental benefits, reduced operational costs, and the advancement of battery technologies that are increasing driving ranges and reducing charging times.

The EV market is supported by robust infrastructure developments, such as the expansion of charging networks and advancements in battery technology. Governments worldwide are playing a crucial role in accelerating the shift towards EVs by offering incentives like tax credits, rebates, and subsidies, alongside implementing stringent emission regulations. Additionally, innovations in autonomous driving technology are being integrated into EVs, enhancing safety and convenience, and further attracting consumers. Major automotive manufacturers are also investing heavily in EV development, resulting in a diverse range of models entering the market, from compact cars to luxury vehicles and commercial trucks.

The growth in the electric vehicle market is driven by several factors. Firstly, increasing environmental concerns and the need to reduce greenhouse gas emissions are pushing consumers and governments to adopt cleaner transportation solutions. Secondly, advancements in battery technology are reducing costs and increasing the efficiency and range of EVs, making them more competitive with traditional vehicles. Thirdly, the expansion of charging infrastructure, both public and private, is addressing range anxiety issues, making EVs a more viable option for long-distance travel. Additionally, technological advancements in autonomous driving and connectivity features are making EVs more attractive. Lastly, government policies and incentives are providing substantial support for the EV market, further driving its growth.

Scope of the Study

The report analyzes the Electric Vehicles market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments:

Propulsion (Battery Electric Vehicles (BEVs), Plugin Hybrid Electric Vehicles (PHEVs)); End-Use (Passenger Cars, Commercial Vehicles).

Geographic Regions/Countries:

World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Netherlands; Norway; Sweden; Rest of Europe; Asia-Pacific; South Korea; Rest of Asia-Pacific; Rest of World.

Key Insights:

Market Growth: Understand the significant growth trajectory of the Battery Electric Vehicles (BEVs) segment, which is expected to reach 20.7 Million Units by 2030 with a CAGR of a 17.2%. The Plugin Hybrid Electric Vehicles (PHEVs) segment is also set to grow at 21.5% CAGR over the analysis period.
Regional Analysis: Gain insights into the U.S. market, sized at 3.5 Million Units in 2024, and China, forecasted to grow at an impressive 18.1% CAGR to reach 5.6 Million Units by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Company Profiles: Coverage of major players such as Audi AG, Bayerische Motoren Werke AG (BMW GROUP), American Honda Motor Co., Inc., BYD Co., Ltd., Anhui Jianghuai Automobile Co., Ltd. and more.
Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

Detailed Market Analysis: Access a thorough analysis of the Global Electric Vehicles Market, covering all major geographic regions and market segments.
Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Electric Vehicles Market.
Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

How is the Global Electric Vehicles Market expected to evolve by 2030?
What are the main drivers and restraints affecting the market?
Which market segments will grow the most over the forecast period?
How will market shares for different regions and segments change by 2030?
Who are the leading players in the market, and what are their prospects?

Some of the 175 major companies featured in this Electric Vehicles market report include:

Audi AG
Bayerische Motoren Werke AG (BMW GROUP)
American Honda Motor Co., Inc.
BYD Co., Ltd.
Anhui Jianghuai Automobile Co., Ltd.
Blue Bird Corporation
Chang'an Automobile (Group) Co., Ltd.
AIXAM MEGA SAS
Cadillac
CAF, Construcciones y Auxiliar de Ferrocarriles, S.A.
Canadian Electric Vehicles
Beijing Automotive Industry Corp. (BAIC)
Alkane Truck Company
Balqon Corporation
ALIENO

I. METHODOLOGYMII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Why the Auto Industry Needs to Urgently Move Towards Green Mobility? The Answer Lies in its Carbon Footprint
Inability of Conventional ICE Powered Vehicles to Demonstrate Desired Reductions in CO2 Emissions to Drive the Focus on Electric Vehicles: Official Laboratory CO2 Reduction Claims Vs On-Road Emission Efficiency (In Grams per Kilometer) for the Years 2008, 2010, 2012, 2014, 2016, 2018 and 2020
With Transport Emissions Continuing to Increase At a Rate Much Faster Than GDP Growth, Pressure Builds for Charting a Roadmap for Cleaner Air: Carbon Footprint Forecasts for the Global Transport Industry (In Billion Metric Tons) for Years 2020, 2025, 2030, 2035, 20240, 2045 & 2050
Who is the Biggest Emitter in the Transportation Sector? Transportation Sector Emissions Breakdown by Type as of the Year 2022
With Countries Vying to Become Carbon Negative, EVs Must Be Fast-Tracked Before the Carbon Neutrality Window Closes by 2050
Here’s How EVs Fit Into the Decarbonization Goal
"Let the Data Speak for Itself": Lifecycle GHG Emissions for Medium-Size Passenger Cars by Type (In g·CO2eq/km) As of the Year 2022
Consumer Perceptions Influencing Intention to Purchase & Behavioral Trends Are Key Factors Shaping Demand Patterns
As Climate Change Hits Home to People, the Resulting Willingness to Do their Bit for the Environment Brings Good News for EV Adoption: % Clustering of Consumer Responses to How Dire the Climate Change Threat Is?
What Motivates Consumers to Buy EVs? Environment Ranks Among the Top Factors: Major Factors Ranked by % Number of Responses
Cost of Ownership Fears, Fed by Energy Crisis & Rising Cost of Electricity, Ranks Among the Top Concerns Hindering a Purchase: Major Factors Ranked by % Number of Responses
Knowing What Consumers Want Can Help EV Manufacturers Unlock Opportunities: % of Consumers Appreciating Each Feature on EVs
What Aspects of an EV Consumers Would Like to be Improved? : % of Consumers Appreciating Each Area of Improvement for EVs
Why EV Consumers Prefer the Brands They Do: % of Consumers Clustered Based On their Preference
Which EV Brands Have the Highest Consumer Mind Share?: % Consumer Mind Share of Global EV Brands
A Global Crisis That Paved the Way for EVs to Take Flight! How? By Changing Consumer Perceptions
Even as Sustainable Transport is Becoming a Launchpad for Climate Change Initiatives, the Aversion to Mass Transit is the New Reality: Decline in Public Transport Use Among Surveyed Respondents (In %) Post COVID-19 (2021 to 2022 YTD) by Country
Reduced Intent to Use Public Transport Leads to a Car Buying Boom With Consumers Wanting to Own a Vehicle to Ensure Safety & Protection from Infections: % of Consumers Wanting a Buy a New Car (In %) as of the Year 2022
What Kind of an Automobile is on the Radar of Consumers Wanting to Own One: Powertrain Preference of Consumers (In %) as of the Year 2022
More Numbers of People Are Aware About the Benefits EVs Bring to the Table: % Global Consumers Preferring to Buy EVs (Fully Electric/Plug-in/Hybrid) for the Years 2020, 2021 and 2022
As Climate Change Hits Home to People, the Resulting Willingness to Do their Bit for the Environment Brings Good News for EV Adoption: % Clustering of Consumer Responses to How Dire the Climate Change Threat Is?
What’s Ahead for Businesses & Markets?
“EV Lesser Known Facts & Figures”
Who is Talking the Most About e-Mobility Men or Women? % Share of EV Related Posts & Conversations on Social Media by Gender as of the Year 2022
People in Which Age Group Are Most Interested in EV Discussions?: % Share of EV Related Posts & Conversations online by Age Group as of the Year 2022
What Do People Talk About When They Discuss EV? % Share of Online EV Conversations by Topic as of the Year 2022
What Personal Concerns Are Uppermost on People’s Minds When They Think or Talk About EVs? % Share of Concerns Clustered Based on Responses as of the Year 2022
The Most Searched for Questions on EV on the Internet: % Share of Search Keywords on Google Search Engine
Most Talked About Car Brands on Online Media Platforms: % Share of Most Mentioned Car Brands in EV Conversations in Public Forums as of the Year 2022
Depreciation Can be a Big Burden for EVs With Implications for Adoption Rates: Breakdown of Cost Elements of ICE Vehicle & Electric Vehicle Per Year (In %)
With Powertrain Accounting for a Disproportionate Share of Vehicle Cost, Investments on EVs Can Erode Fully When Batteries Fail Out of Warranty, Unless a Price Competitive Aftermarket Evolves: Cost Breakdown of EV & ICE Vehicle Components
South Korean OEM Kia Corporation Emerges as the Most Dependable Auto Brand in 2022, Making the Brand Very Likely to Score High Even in EV Space: Breakdown of Number of Problems Per 100 Cars as of the Year 2022
Did You Know EVs Report Higher Problems Than ICE Vehicles: Breakdown of Problems Per 100 Vehicles for EVs & ICE Vehicles as of the Year 2022
So What’s Causing the Dismal Plunge in Vehicle Quality: Chief Factors Ranked By Their Importance
World Media Perspectives
What Are the Top EV Models Scheduled to Hit the Market in 2022?
EV Stories From Around the World
Influencer Insights that Matter the Most: Here are What Top Voices are Saying About the Future of EVs
Robert Yu in Conversation With Chris About the Booming Chinese EV Industry
ExxonMobil CEO Talks About How His Company Is Planning for a Future of EVs
Autolist Editor-in-Chief David Undercoffler Discusses Top Electric Vehicle Concerns Among Potential Buyers
Fireside Chat With Auto Industry Veteran and Former MD of Nissan India
Tata Motors MD in Conversation with Sergius Barretto
Competition
Electric Vehicles - Global Key Competitors Percentage Market Share in 2024 (E)
Electric Vehicles (EVs) Competitor Market Share Scenario Worldwide (in %): 2020E
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
EV Production Roadmap: Who is Winning the Production “Run Rate” Game?
Will Tesla, the Top Dog in the EV Market, Be Dethroned? & By Whom? Production Capacity Analysis of Leading EV OEMs (In Units) for Years 2020 Through 2025
Volkswagen Group Ramps Up EV Investments: Cumulative Global Investments of EV OEMs on EV Production & Battery Technology (In US$ Billion) for the Period 2021 to 2025
Overview of the Electric Vehicle (EV) Ecosystem
Even as the Pandemic Pummeled Conventional Vehicles, EV Adoption & Sales Defied the Grim Forecasts to Post Gains in 2020
Despite EVs Displayed Resilience to Supply Chain Disruptions Till Date, Chip Shortage Continues to Remain a Cause for Worry
Semiconductor Fab Production Expansion is Time Consuming & Can Therefore Provide No Immediate Relief: Time Required to Increase Fab Production by Parameter
As the Wait for Chips Continues, EV Manufacturers Turn Nervous as Fears Over Production Stalling Takes Hold: Global Lead Times for Chips (In Weeks) for Years 2017 Through 2022
Companies & Their Brands
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

THE CHINA EDGE
How China Got Its EV Edge & What it Means for the World?
Charging Infrastructure in China
Breakdown of Number of EV Charging Stations Expected to be Built by 2022 in 3 Major Location Tiers in China by Fast & Slow Charging Stations
%Market Share Breakdown of Charging Facility Operators in China as of the Year 2022
How Tesla Helped China Leapfrog Towards an EV Future?
Tesla’s Made-in-China Cars Set to Grow Significantly on the Back of Higher Quality & Lower Costs
China Breaks Into Europe Ahead of European & Asian Giants to Take the Second Lead Position: % Share of BEVs Registered in Europe by Country of Vehicle Make/Origin as of the Year 2022
Tesla’s China Made Cars Are Finding Favor Among the Europeans: % Share of BEVs Sold in Europe by Brand as of the Year 2021
Quality & Performance Improvements Have Lifted Chinese Made Cars to Stardom in Europe: Comparison of Tesla’s Model 3 SR Made in China Vs Tesla’s Model 3 SR Made in the U.S
How Nio Unlocked its True Potential to Emerge as an Example of China’s Growing EV Power
Days of Tesla’s Dominance in China Likely to be Numbered as Local Threat Grows Stronger: Monthly Vehicle Sales of Tesla Vs its Chinese Competitors for the Year 2021
With China Emerging as a Clear Leader in EVs, What Did the U.S. Do Wrong & What Lessons Can the U.S. Learn?
THE REGULATORY LANDSCAPE
Supported by Strong Federal Support & Regulations, U.S. Becomes One of the First Countries to Cross the Tipping Point for Mass Adoption of EVs
Here’s How Various Aspects of Biden’s Clean Energy Policy Has Gone Down With the American Citizens: % of U.S Adults Who Favor/Oppose Elements of the New Policy
Europe Steps Up Regulations & Plans to Accelerate EV Adoption as Clean Power Targets Become Sharper to Cut Dependence on Russia
What Will It Take for Developing Countries to Make EVs a Success? Review of India as a Case in Point
Electric Two-Wheelers Not Passenger Cars to Drive the EV Revolution in India: % Share of EV Vehicle Sales in India by Type for the Year 2022
Uttar Pradesh Has the Most Attractive EV Subsidy Policy in the Country: Registered EV Sales in India by State as of the Year 2022
THE EV SUPPLY CHAIN
Here’s How China Dominates the Global EV Supply Chain, Particularly Batteries
China’s Dominance in the EV Supply Chain is Hard to Ignore & Will be Hard to Crack: % Share of China at Each Level in the EV Supply Chain as of the Year 2022
China On a Clear Path to EV Battery Dominance: Global Battery Production Capacity (In Terawatt Hours) by Region for Years 2021, 2026 and 2031
Chinese EV Battery Manufacturers Unveil Ambitious Expansion Plans: Breakdown of Commissioned, Under Construction & Announced Capacity of Top Chinese EV Battery Makers (In GWh) as of the Year 2022
Despite U.S. and Europe Scrambling to Boost Battery Production, China Will Continue to Remain the Pivotal EV battery supplier: Global EV Battery Production (In GWh) by Country
What Are the Drawbacks of China Locking In the EV Supply Chain & What Lessons the US & Other European Majors Can Learn to Prevent Global EV Battery Dependency
Localizing the EV Supply Chain Remains Crucial for Sustainable Growth of EVs
How Important Is It for India & a Review of the Strides Taken by Indian in Encouraging Localization
U.S Tries to Diversify Supply Chain of EV Away from Russia and China, Resulting in Build-Up of Pressure for Domestic Automakers to Localize
Policy Push Encourage Automakers to Invest in North America Supply Chain: Breakdown of Investments in EV Value Chain in North America for Years 2019 Through 2022 YTD
Can the World Break China’s Stranglehold on the EV Supply Chain?
China’s Size in EV Supply Chain Remains Too Large to Challenge, But Not Impossible
U.S. Eyes Turning the EV Table to Do Without Chinese Supply Chain
Short, Medium & Long Term Strategies
Batteries Are a Crucial Part of the Supply Chain
Innovations in Battery Is What Will Take EVs to Go Mainstream
With EV Commercialization Critically Hinged Onto Cost of Lithium-Ion Batteries, Promised Decline in Battery Costs Strengthens Long-Term Market Outlook: Cost of Automotive Lithium Ion Battery Packs In US$ per kWh for Years 2015, 2020 & 2025
Exhibit Global Demand for Lithium-ion Batteries (In Gigawatt Hours) in Electric Vehicles for the Years 2020, 2023, 2026, 2029 & 2030
Market Prospects for Li-ion Battery Recycling Runs in Parallel to the Demand Outlook for Li-ion Battery: Global Market for Li-ion Battery (In US$ Billion) for Years 2019, 2021, 2023 and 2025
Have We Exploited the Full Potential of Lithium Ion? The Flat Lining of Traditional Lithium Ion Battery Highlights the Need for Innovation to Push the Limits of the Technology Further: Energy Density of Traditional LIBs Vs LIBs With Silica (SiO2) as Next Gen Anode Material (In (Wh/L) for the Year 2011, 2021 and 2031
Effervescent Ongoing Innovations Around EV Batteries to Help Accelerate Performance of EVs & Their Mass Market Adoption in the Coming Decade: Global Market for EV Batteries (In US$ Billion) for Years 2022 2024 2026, 2028 and 2028
Even as EV Battery Plants Get an Investment Boost to Meet Projected EV Demand, Fears Grow Over Battery Material Shortages & a Possible Rise in Battery Costs
Lithium Demand On an Upward Trajectory: Global Lithium Demand (In 1000 Metric Tons) for the Years 2022, 2024, 2026, 2028 and 2030
Opportunities Exist for Expansion of Lithium Production, But Doing So Will Attract Environmental Criticism: Lithium Reserves & Production (In 1000 Tons) in Major Countries as of the Year 2022
Not All Smooth Sailing - Growing Demand for Battery Metals to Squeeze EV Supply Chains & Send Carmakers Scrambling to Secure Supplies: Global Demand for Battery Materials (In KT) by Application for Years 2020, 2025 & 2030
Nickle Prices Soar to an 11 Year High on the London Metal Exchange On the Back of Growing EV Demand: Nickle Price Per Ton (in US$) as of Jan-2021, Dec-2021 and Jan-2022
Which Battery Technology Will Dominate the EV Battery Market? Global % Share of EV Battery Technology for the Year 2025
Use of New Technologies for Mining and Processing Could Bridge Supply Gap Issue
New Lithium Extraction Technologies & Their Recovery Effectiveness (In %)
Research Teams Work for Finding Solutions for Two Major Challenges - Cutting Down Volume of Metals in Batteries and Improving Battery Recycling
North America Ups the Ante on EV Battery Manufacturing
South Korean & Japanese Investments in US EV Battery Making Industry Increase with the IRA Coming into Force
Solid State EV Batteries is the Only Hope for Disrupting the Battery Value Chain & Overcoming the Threat of Raw Material Shortages
The Race to Mass-Market Solid State EVs Has Begun & Here’s What Industry Experts Believe About the Time to Mass Market: % Breakdown of Opinions of Respondents About the Commercialization Timeline
How Many Batteries Will the Industry Crank Up? Global Solid State EV Battery Market (In Units) for Years 2025, 2028 & 2030
THE EV INFRASTRUCTURE
EV Charging Infrastructure Comes into Focus as a Key Prerequisite for the Success of EVs
At the Current Rate of EV Commercialization, How Many Battery Chargers Will be Needed by the Year 2030: Charger Demand in the United States (In 000s) by 2030 by Segment
Planning & Developing a Charging Infrastructure is an Expensive Affair: CAPEX Needed for Purchasing & Installing Charger Technologies In the United States Through 2030 (In US$ Billion) by Segment
How Will Charging Use Case Scenarios Evolve Over the Next 8 Years in the United States? % Share of Electricity Consumed by Charging Use Case for the Years 2022 and 2030
Shared EV Charging Rises as a Solution to Charging Infrastructure Bottlenecks
Innovations in EV Charging Crucial to Overcome Infrastructure Problems
Distributed Energy (DE) Provides the Infrastructure Foundation for the Adoption & Proliferation of EVs
Distributed Generation to Power EV Charging Infrastructure & Catalyze Adoption of EVs: Global Investments in Distributed Generation (DG) (In US$ Billion) for the Years 2021, 2023, 2025 and 2027
Growing Funds Injected into Smartening the Electricity Grid to Benefit EV Support Infrastructure by Enabling More Effective Management of EV Charging Load: Global Investments in Smart Grids (In US$ Billion) for the Years 2021, 2023, 2025 and 2027
What Happens When the Energy Infrastructure is Not Ready? A Paradoxical Scenario Where Energy Shortages Force Governments to Impose Restrictions on EV Charging
This Brings Us to the Question, Are Our Grids Ready for EV Charging
MARKET BUZZZ
Venture Capital Funding Begins to Roll In for EV Start-Ups
Increase in Driving Range & a Parallel Decline in Price Per Mile Means the EV Market is Ripe for the Picking: Average Driving Range (In Miles) and Price Per Mile (In US$) for Years 2012 Through 2022
EV Funding Hits All-Time High as Investors Bet Big on the Electrified Future of Mobility: Global Electric Vehicle (EV) Venture Capital (VC) Deal Activity (In Deal Value US$ Billion) & Deal Count) for the Years 2014 Through 2022
Top Investors in EV Technologies by Number of Cumulative Unique Deals Between 2015 to2021
Are Electric Vehicle (EV) Stocks Overhyped & Overvalued? Market Cap of World’s Largest EV Companies (In US$ Million) As of the Year 2022
Can EVs Break Russia’s War Machine? What Are the Bottlenecks in This Regard?
EVs Can Be a Powerful Weapon to Displace Oil, Explaining EU Grand Plan for EVs in Reducing Dependence on Russian Oil: Global Oil Displacement by EVs (In 000 Barrels) for Years 2019, 2021, & 2023
The Critical Importance of Lightweighting EVs Brings Electric Vehicle Polymers Into the Spotlight
Innovations in Polymers to Help Push the Design & Production of Better Performing EV Models: Global Market for Electric Vehicle Polymers (In US$ Million) for Years 2020, 2024, and 2026
Electric Commercial Vehicles (CVs) Poised for Robust Growth. Here’s Why
Growing Focus on Electrified Last Mile Delivery Amid Robust Spike in e-Commerce to Boost Adoption of Electric CVs
Global B2C E-Commerce Sales in US$ Trillion for the Years 2017, 2019, 2021 and 2023
Strong Focus Shed on Ecofriendly Last Mile Delivery to Help Expand EV Delivery Fleet: Global Opportunity for Last Mile Delivery (In US$ Billion) for Years 2022, 2024, 2026, 2028 and 2028
Rising Average Vehicle Life Provides a Fertile Environment for Upgrading to Low-Emission and Fuel Efficient CVs
With Several Governments Imposing 15 Years as the Retirement Age for Vehicles, the Growing Age of Vehicles is Poised to Benefit Replacements by EVs: Average Age of Cars & Light Trucks in the United States (In Years) for the Years 1980, 1990, 2000, 2015, 2020 and 2022
Domestic Brands Outshine Global Brands in the Chinese Electric Vehicles Market
AI to Power the Rapidly Evolving EV Ecosystem
Will Fuel Cell EVs (FCEVs) Emerge to be a Threat to BEVs? The Answer is Probably a “NO”
In the Spotlight: Extending EV Range With Direct Methanol Fuel Cell (DMFCs)
Business Opportunity for Direct Methanol Fuel Cells (DMFCs) in the Automotive Industry (In US$ 000s) for Years 2021, 2023, 2025, and 2027
EV Shared Mobility to Push Up Demand for EVs Higher Than Personal Ownership
Shared Mobility to Emerge as a Game Changer for EV Adoption in the Coming Decade: Global Electric Mobility Services Market (In US$ Million) for Years 2022, 2024, 2026, 2028 & 2030
CHARTING THE FUTURE OF PHEVs
Why PHEVs Were Once Considered a Gateway and a Bridge to all Electric Future
So How Did PHEVs Lose Their Appeal?
New Policy Changes Make PHEVs an Elephant in Room
Marked Spike in PHEV Emissions with New EC Guidelines
PHEVs in the Eye of the Storm With New Studies Revealing Real World Fuel Inefficiencies: Manufacturer Claimed Miles Per Gallon (MPG) Vs Real World MPG for Select PHEV Models
The Dominoes Are Fast Falling for PHEVs With Studies Revealing Emission Flaws & Earning Them the Fake Electric Title: Official Vs Real World Emission of Plug-In Hybrids (in CO2 Grams Per kilometer) for Select PHEV Models
The Closing Window of Opportunity for Plug-in Hybrids Accelerated by the Implementation of WLTP: PHEV Co2 Emission WLTP Vs Real World, a Comparison for Select PHEV Models
What is WLTP? & Why Its Implementation is Bringing to Light the Real Inefficiency of PHEVs
Pressure Builds to Roll Back Subsidies on PHEVs, Given their Higher Than Claimed Emissions on Road
EU Takes Tough Stance on PHEVs
Germany, UK, Ireland & South Korea to End PHEV Subsidies
As PHEVs Turn Into a Dying Breed, OEMs in this Space Need to Time Their Jump Away from this Market
Conclusion: BEVs to Gain at the Expense of PHEVs
EVs & THE ENVIRONMENT, WHATS THE REAL TRUTH?
Are They Really Greener Solution to Sustainability?
Statistics That Defy the Naysayers: Lifetime Carbon Footprint of Conventional Cars Vs EVs (In Tonnes of CO2) by Years of Use
As Millions of Electric Car Batteries Retire Over the Next Decade, Environmental Concerns Rise Over Battery Disposal
As EV Batteries Reach End-of-Life, Robust Recycling Infrastructure is Crucial for Long-Term Sustainability of EVs: Global Cumulative Capacity of Used EV Batteries (In GWh/Year) for the Period 2020 to 2025
Repurposing Retired Electric Car & Bus Batteries is the Newest Strategy to Keep EV Batteries Out of Landfills: Global Second Life EV Capacity (In GWh/Y) for Years 2020 2022, 2024, 2026, 2028 & 2030
Does this Mean that We Do Not Buy Electric Vehicles?
Biogas for EV Charging Promises to Alleviate Concerns Over Emissions Associated with Electric Vehicle Charging
Recycling is the Only Way to Counter the EV Battery Pollution Threat
A Fast Growing Lithium-Ion Battery Recycling Market Means that the Race to Recycling Has Begun, Bringing the Promise of Alleviating Battery Carbon Footprint: Global Lithium-Ion Battery Recycling Market (In US$ Million) for Years 2021, 2023 2025, and 2027
EV ALTERNATIVES
Are There More Practical Ways to Combat Pollution & Rising Fuel Costs Other Than EVs?
Despite Best Efforts to Lower Emissions, Conventional Vehicles Will Have the Highest Emission & EV Will Continue to Pollute More Than Renewable Fuel: Comparison of Multiple Fuel Types (In CO2 Grams Per Km) for the Year 2022 and 2030
From a Purely Emissions Point of View Which Type of Fuel Impacts the Environment the Most: Comparison of Emissions from EV Vs Hydrotreated Vegetable Oil (HVO) Vehicle (In CO2Kgs)
From a Production Ecosystem Point of View, Biofuel in Reality Is a Mistake. Here’s Why
Biofuels! Are We Shooting Ourselves in the Foot? Global Biofuels Market (In US$ Billion) for the Years 2020, 2025 and 2030
Are Hydrogen Vehicles a More Sustainable Alternative? Here’s All You Need to Know
Why Hydrogen Appears as a Better Alternative to EVs
Hydrogen Vs Electric Vehicles
Marred by Flaws & Technology Challenges, Hydrogen Unlikely to Zoom Past EVs
Hydrogen Car Dreams! Japan Dreams the Biggest: Global Projected Number of Hydrogen Fuel Cells Vehicles (In Units) by Country for the Year 2030
How Many Models of Hydrogen Cars Will be There by 2025? Cumulative Number of Hydrogen Car Models Launched by OEMs Worldwide for Years 2023 to 2025
With Hydrogen Vehicles Still a Long-Way from Commercialization, Focus is Not on the Perfect Solution But a Lesser Polluting Solution Which is Where EVs Currently Stand: By 2030 How Will Consumer Perceptions Evolve? EVs & Hydrogen Vehicles a Comparison

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: World Recent Past, Current & Future Analysis for Battery Electric Vehicles (BEVs) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2024 through 2030 and % CAGR
TABLE 2: World Historic Review for Battery Electric Vehicles (BEVs) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2015 through 2023 and % CAGR
TABLE 3: World 15-Year Perspective for Battery Electric Vehicles (BEVs) by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
TABLE 4: World Recent Past, Current & Future Analysis for Plugin Hybrid Electric Vehicles (PHEVs) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2024 through 2030 and % CAGR
TABLE 5: World Historic Review for Plugin Hybrid Electric Vehicles (PHEVs) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2015 through 2023 and % CAGR
TABLE 6: World 15-Year Perspective for Plugin Hybrid Electric Vehicles (PHEVs) by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
TABLE 7: World Recent Past, Current & Future Analysis for Passenger Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2024 through 2030 and % CAGR
TABLE 8: World Historic Review for Passenger Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2015 through 2023 and % CAGR
TABLE 9: World 15-Year Perspective for Passenger Cars by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
TABLE 10: World Recent Past, Current & Future Analysis for Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2024 through 2030 and % CAGR
TABLE 11: World Historic Review for Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2015 through 2023 and % CAGR
TABLE 12: World 15-Year Perspective for Commercial Vehicles by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
TABLE 13: World Electric Vehicles Market Analysis of Annual Sales in Units for Years 2015 through 2030
TABLE 14: World Recent Past, Current & Future Analysis for Electric Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2024 through 2030 and % CAGR
TABLE 15: World Historic Review for Electric Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2015 through 2023 and % CAGR
TABLE 16: World 15-Year Perspective for Electric Vehicles by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2015, 2025 & 2030

III. MARKET ANALYSIS

UNITED STATES

Electric Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2025 (E)

CANADAJAPANCHINA

EUROPE

Electric Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2025 (E)

FRANCEGERMANYITALYUNITED KINGDOMREST OF EUROPE

ASIA-PACIFIC

Electric Vehicles Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2025 (E)

REST OF WORLDIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Audi AG
Bayerische Motoren Werke AG (BMW GROUP)
American Honda Motor Co., Inc.
BYD Co., Ltd.
Anhui Jianghuai Automobile Co., Ltd.
Blue Bird Corporation
Chang'an Automobile (Group) Co., Ltd.
AIXAM MEGA SAS
Cadillac
CAF, Construcciones y Auxiliar de Ferrocarriles, S.A.
Canadian Electric Vehicles
Beijing Automotive Industry Corp. (BAIC)
Alkane Truck Company
Balqon Corporation
ALIENO

Table Information

Report Attribute	Details
No. of Pages	1056
Published	February 2025
Forecast Period	2024 - 2030
Estimated Market Value in 2024	12.9 Million Units
Forecasted Market Value by 2030	36.6 Million Units
Compound Annual Growth Rate	19.0%
Regions Covered	Global

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ENTERPRISE LICENSE PDF	The product is a PDF.	This is an enterprise license, allowing all employees within your organization access to the product.	€17272EUR$17,400USD£14,305GBP

Global Electric Vehicles (EVs) Market - Key Trends & Drivers Summarized

Scope of the Study

Segments:

Geographic Regions/Countries:

Key Insights:

Report Features:

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Key Questions Answered:

Some of the 175 major companies featured in this Electric Vehicles market report include:

Table of Contents

Companies Mentioned (Partial List)

Table Information

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