1 / 12

Global Electric Vehicle Market Outlook, 2025

The Global Electric Vehicle market that was at a value of USD 27.85 Billion in the year 2014 is anticipated to grow with a CAGR of over 30% in terms of volume through 2025

Bonafideresearch
Download Presentation

Global Electric Vehicle Market Outlook, 2025

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Global Electric Vehicle Market Outlook, 2025 +1 201 793 8545 / +91 7878231309 sales at bonafideresearch.com Global Electric Vehicle Market Outlook, 2025 Description The report titled 'Global Electric Vehicle Market Outlook, 2025' published by Bonafide Research identifies and discusses recent developments in electric mobility across the globe. The market that was recorded at a value of USD 27.85 Billion in the year 2014 is anticipated to grow to a market of USD 400 Billion the forecasted period. This report not only serves with the facts, figures, and forecasts but also has a detailed study about the Covid effect on the electric vehicle industry. Electric vehicles use one or more electric motors or traction motors for propulsion. Electric vehicles are a battery electric vehicle (BEV) or a plug-in hybrid electric vehicle (PHEV). The BEV segment includes the vehicles that only use chemical energy stored in rechargeable batteries, with no secondary source of propulsion, while the PHEV segment considers whose battery can be recharged by plugging it into an external source of electric power, and by its on-board engine and generator. Globally, the BEV segment leads the market and is expected to reach over 80% in terms of volume, while the PHEV segment is to portray an anticipated CAGR of 36.03%, through the forecasted period. The Asia Pacific market is expected to witness the fastest growth, followed by Europe and North America. The automotive industry in the countries such as China, Japan, and South Korea is inclined toward innovation, technology, and the development of the advanced electric vehicle. While Asia was contributed to a share of 61.34% by volume in 2019, Europe is expected to increase to a share of more than 25% by value by the end of the year 2025. On the other hand, the least contributing regions of Latin America and Middle East & Africa together would be contributing nothing over 3%. The global electric vehicle is majorly classified into two segment based on price, with the mid-priced vehicle class with limited and less emphasis on expensive features ruled the market with a share of over 70% in 2019. The small urban car will cost only USD 8,680 after incentives with a range of almost 200 miles. Companies are manufacturing comparatively less expensive vehicles, however, with the increase in the disposal income and government incentives, the market is likely to get inclined towards the luxury class segment which is expected to account for an approx share of 40% by end of the forecasted period. As the acknowledgment of commercial electric vehicles is increasing, the segment is likely to reach a market of over 800 Thousand Units by the end of 2025, while the passenger vehicle continues to lead the market. The market for an electric vehicle is potential given the longevity and price of the batteries. Gaining popularity in 2018, the electric Go-Karting is expected to be the next big thing in the https://www.bonafideresearch.com/product/210159991

  2. Global Electric Vehicle Market Outlook, 2025 industry. The governments of various countries have formulated stringent CO2 emission norms that have increased the demand for electric vehicles. Besides, the governments are providing incentives and subsidies to encourage EV sales. Even though electric vehicles are a need of the hour, the market is hurdled highly because of the lack of infrastructure and the high manufacturing cost. The gap between the existing infrastructure and the required one for the electric vehicle to overtake the conventional vehicles is huge, becoming a major fuel for the range anxiety among the drivers. The lack of standardization in the charging load is also a major drawback for the global market. The standards differentiate even among the region such as China have GB/T while Japan follows CHAdeMO. Conversely, Korea follows the CCS standards in similar to Europe, and the US. Electric vehicle manufacturers are focusing on overcoming this obstacle by having their charging network. Key players operating in the EV market include Tesla, BMW Group, Nissan Motor Corporation, Toyota Motor Corporation, Volkswagen AG, General Motors, Daimler AG, BYD Company Motors, and Ford Motor Company account for a major electric vehicle market share. Of all, Tesla, Nissan, and Toyota together accounted for 31.45% of the share in 2019. The other smaller and local players also play an important role with the mergers amend acquisitions around the industry. Companies Mentioned: Tesla, BMW Group, Nissan Motor Corporation, Toyota Motor Corporation, Volkswagen AG, General Motors, Daimler AG, Energica Motor Company BYD Company Motors, and Ford Motor Company, Aiways, Citroen, Lightening GT, Micro Mobility, Zacua, Nio, MW Motors, Peugeot, PoleStar Venturi CONSIDERED IN THE REPORT • Geography: Global • Base year: 2019 • Historical year: 2014 • Forecasted year: 2025 REGIONS COVERED: • North America • Europe • Asia Pacific • Latin America • Middle East & Africa The report also covers the major countries in the region with a clear comparison of the past performance and the estimated growth of the market in the forecasted period. In addition, the market is studied in detail with respect to the different types of the excavators and its purposes regionally. ASPECTS COVERED IN THE REPORT • Market Size By Value for the time period (2014-2025F) • Market Size By Volume for the time period (2014-2025F) • Market Share by Vehicle Type (Passenger & Light Commercial) • Market Share by Propulsion Type (BEV & PHEV) • Market Share by Sales Channel (2020 & 2026F) • Market Share by Charging Type ( Normal & Fast) • Market Share by Vehicle Class (Mid Priced & Luxury) • Market Share by Region • Market Share by Country • Market Share by Company https://www.bonafideresearch.com/product/210159991

  3. Global Electric Vehicle Market Outlook, 2025 Key Points Covered in this report: • Market Evolution through value and volume CAGRs at different verticals • Detailed discussion on the market dynamics that influence the market and the possible opportunities • In sights on the market leader's performance including market shares, strategies, products, financial positions, etc This report would help you answer the following questions: 1. What is the market size and forecast of the Global Electric Vehicle Market? 2. What are the inhibiting factors and impact of COVID-19 shaping the Global Electric Vehicle Market during the forecast period? 3. Which region outstands in the Global Electric Vehicle Market? 4. Which are the segments to invest in over the forecast period in the Global Electric Vehicle Market? 5. What is the competitive strategic window for opportunities in the Global Electric Vehicle Market? 6. What are the technology trends and regulatory frameworks in the Global Electric Vehicle Market? 7. What are the major company in the Global Electric Vehicle Market? https://www.bonafideresearch.com/product/210159991

  4. Global Electric Vehicle Market Outlook, 2025 Table of Contents TABLE OF CONTENT 1 Executive Summary 2 Report Methodology 3 Global Electric Vehicles Market Outlook 3.1 Market Size 3.1.1 By Value 3.1.2 By Volume 3.2 Market Share 3.2.1 By Vehicle Type 3.2.2 By Propulsion Type (BEV & PHEV) 3.2.3 By Charging Type 3.2.4 By Vehicle Class (Mid-price & Luxury) 3.2.5 By Region 3.2.6 By Country 3.2.7 By Company 3.3 Global BEV Market Outlook 3.4 Global PHEV Market Outlook 4 North America Electric Vehicle Market Outlook 4.1 Market Size 4.1.1 By Value 4.1.2 By Volume 4.2 Market Share 4.2.1 By Vehicle Type 4.2.2 By Propulsion Type (BEV & PHEV) 4.2.3 By Charging Type 4.2.4 By Country 4.3 North America BEV & PHEV Market Outlook 4.3.1 By Value 4.3.2 By Volume 4.4 US Market Electric Vehicle Market Outlook 4.4.1 Market Size 4.4.2 Market Share 4.4.2.1 By Vehicle Type 4.4.2.2 By Propulsion Type (BEV & PHEV) 4.5 Canada Market Electric Vehicle Market Outlook 4.5.1 Market Size 4.5.2 Market Share 4.5.2.1 By Vehicle Type 4.5.2.2 By Propulsion Type (BEV & PHEV) 4.6 Mexico Market Electric Vehicle Market Outlook 4.6.1 Market Size 4.6.2 Market Share 4.6.2.1 By Vehicle Type 4.6.2.2 By Propulsion Type (BEV & PHEV) 5 Europe Electric Vehicle Market Outlook 5.1 Market Size 5.1.1 By Value 5.1.2 By Volume https://www.bonafideresearch.com/product/210159991

  5. Global Electric Vehicle Market Outlook, 2025 5.2 Market Share 5.2.1 By Vehicle Type 5.2.2 By Propulsion Type (BEV & PHEV) 5.2.3 By Charging Type 5.2.4 By Country 5.3 Europe BEV & PHEV Market Outlook 5.3.1 By Value 5.3.2 By Volume 5.4 Germany Market Electric Vehicle Market Outlook 5.4.1 Market Size 5.4.2 Market Share 5.4.2.1 By Vehicle Type 5.4.2.2 By Propulsion Type (BEV & PHEV) 5.5 UK Market Electric Vehicle Market Outlook 5.5.1 Market Size 5.5.1.1 By Value 5.5.2 Market Share 5.5.2.1 By Vehicle Type 5.5.2.2 By Propulsion Type (BEV & PHEV) 5.6 France Market Electric Vehicle Market Outlook 5.6.1 Market Size 5.6.2 Market Share 5.6.2.1 By Vehicle Type 5.6.2.2 By Propulsion Type (BEV & PHEV) 5.7 Norway Market Electric Vehicle Market Outlook 5.7.1 Market Size 5.7.2 Market Share 5.7.2.1 By Vehicle Type 5.7.2.2 By Propulsion Type (BEV & PHEV) 5.8 Netherlands Market Electric Vehicle Market Outlook 5.8.1 Market Size 5.8.2 Market Share 5.8.2.1 By Vehicle Type 5.8.2.2 By Propulsion Type (BEV & PHEV) 5.9 Sweden Market Electric Vehicle Market Outlook 5.9.1 Market Size 5.9.2 Market Share 5.9.2.1 By Vehicle Type 5.9.2.2 By Propulsion Type (BEV & PHEV) 6 Asia Pacific Electric Vehicle Market Outlook 6.1 Market Size 6.1.1 By Value 6.1.2 By Volume 6.2 Market Share 6.2.1 By Vehicle Type 6.2.2 By Propulsion Type (BEV & PHEV) 6.2.3 By Charging Type 6.2.4 By Country 6.3 Asia Pacific BEV & PHEV Market Outlook 6.3.1 By Value 6.3.2 By Volume https://www.bonafideresearch.com/product/210159991

  6. Global Electric Vehicle Market Outlook, 2025 6.4 China Market Electric Vehicle Market Outlook 6.4.1 Market Size 6.4.2 Market Share 6.4.2.1 By Vehicle Type 6.4.2.2 By Propulsion Type (BEV & PHEV) 6.5 Japan Market Electric Vehicle Market Outlook 6.5.1 Market Size 6.5.2 Market Share 6.5.2.1 By Vehicle Type 6.5.2.2 By Propulsion Type (BEV & PHEV) 6.6 India Market Electric Vehicle Market Outlook 6.6.1 Market Size 6.6.2 Market Share 6.6.2.1 By Vehicle Type 6.6.2.2 By Propulsion Type (BEV & PHEV) 6.7 Australia Market Electric Vehicle Market Outlook 6.7.1 Market Size 6.7.2 Market Share 6.7.2.1 By Vehicle Type 6.7.2.2 By Propulsion Type (BEV & PHEV) 6.8 Korea Market Electric Vehicle Market Outlook 6.8.1 Market Size 6.8.2 Market Share 6.8.2.1 By Vehicle Type 6.8.2.2 By Propulsion Type (BEV & PHEV) 7 Latin America Electric Vehicle Market Outlook 7.1 Market Size 7.1.1 By Value 7.1.2 By Volume 7.2 Market Share 7.2.1 By Vehicle Type 7.2.2 By Propulsion Type (BEV & PHEV) 7.2.3 By Charging Type 7.2.4 By Country 7.3 Latin America BEV & PHEV Market Outlook 7.3.1 By Value 7.3.2 By Volume 7.4 Brazil Market Electric Vehicle Market Outlook 7.4.1 Market Size 7.4.2 Market Share 7.4.2.1 By Vehicle Type 7.4.2.2 By Propulsion Type (BEV & PHEV) 7.5 Chile Market Electric Vehicle Market Outlook 7.5.1 Market Size 7.5.2 Market Share 7.5.2.1 By Vehicle Type 7.5.2.2 By Propulsion Type (BEV & PHEV) 7.6 Colombia Market Electric Vehicle Market Outlook 7.6.1 Market Size 7.6.1.1 By Value 7.6.2 Market Share https://www.bonafideresearch.com/product/210159991

  7. Global Electric Vehicle Market Outlook, 2025 7.6.2.1 By Vehicle Type 7.6.2.2 By Propulsion Type (BEV & PHEV) 7.7 Argentina Market Electric Vehicle Market Outlook 7.7.1 Market Size 7.7.1.1 By Value 7.7.2 Market Share 7.7.2.1 By Vehicle Type 7.7.2.2 By Propulsion Type (BEV & PHEV) 8 Middle East and Africa Electric Vehicle Market Outlook 8.1 Market Size 8.1.1 By Value 8.1.2 By Volume 8.2 Market Share 8.2.1 By Vehicle Type 8.2.2 By Propulsion Type (BEV & PHEV) 8.2.3 By Charging Type 8.2.4 By Country 8.3 Middle East and Africa BEV & PHEV Market Outlook 8.3.1 By Value 8.3.2 By Volume 8.4 UAE Market Electric Vehicle Market Outlook 8.4.1 Market Size 8.4.2 Market Share 8.4.2.1 By Vehicle Type 8.4.2.2 By Propulsion Type (BEV & PHEV) 8.5 Saudi Arabia Market Electric Vehicle Market Outlook 8.5.1 Market Size 8.5.2 Market Share 8.5.2.1 By Vehicle Type 8.5.2.2 By Propulsion Type (BEV & PHEV) 8.6 Qatar Market Electric Vehicle Market Outlook 8.6.1 Market Size 8.6.2 Market Share 8.6.2.1 By Vehicle Type 8.6.2.2 By Propulsion Type (BEV & PHEV) 8.7 South Africa Market Electric Vehicle Market Outlook 8.7.1 Market Size 8.7.2 Market Share 8.7.2.1 By Vehicle Type 8.7.2.2 By Propulsion Type (BEV & PHEV) 9 Market Dynamics 9.1 Key Drivers 9.2 Key Challenges 10 Market Trends and Developments 10.1 XXXXX 10.2 XXXXX 10.3 XXXXX 10.4 XXXXX 11 Competitive Landscape 11.1 Porter's Five Forces 12 Company Profile https://www.bonafideresearch.com/product/210159991

  8. Global Electric Vehicle Market Outlook, 2025 12.1 Aiways Automobiles Corporative Limited 12.2 Arrival Limited 12.3 Ashok Leyland 12.4 Beijing Automobiles Industry Holding Corporative limited 12.5 Bentley Motors Limited 12.6 Blue Bird Corporation 12.7 BMW Group 12.8 BYD Company Motors 12.9 Changsha Sunda New Energy Technology Limited 12.10 Citroen 12.11 Daimler AG 12.12 Ford Motors 12.13 General Motors 12.14 Hyundai 12.15 Irizar 12.16 Lightening GT 12.17 Micro Mobility 12.18 MW Motors 12.19 NFI 12.20 Nikola Motor Company 12.21 Nio 12.22 Nissan Motor 12.23 PoleStar 12.24 Proterra 12.25 Rimac Automobiles 12.26 Rivian 12.27 SAIC 12.28 Scania 12.29 Tata Motors 12.30 Tesla 12.31 Toyota Motor Corporation 12.32 VDL 12.33 Venturi 12.34 Volkswagen 12.35 Workhorse Group 12.36 Yutong 12.37 Zacua 12.38 Zhejiang Geely 13 Strategic Recommendations 14 Disclaimer https://www.bonafideresearch.com/product/210159991

  9. Global Electric Vehicle Market Outlook, 2025 List of figures & tables LIST OF FIGURES Figure 1: Regional Overview of Global Electric Vehicle Market Figure 2: Global Electric Vehicles Market Size – By Value 2014 to 2025F (In USD Billion) Figure 3: Global Electric Vehicles Market Size – By Volume 2014 to 2025F (In Thousand Units) Figure 4: Global Electric Vehicle Market Share – By Charging Type By Volume 2019 & 2025F Figure 5 : Global Electric Vehicle Market Share By Company (2019) Figure 6: North America Electric Vehicles Market Size – By Value 2014 to 2025F (In USD Billion) Figure 7: North America Electric Vehicles Market Size – By Volume 2014 to 2025F (In Thousand Units) Figure 8: Global Electric Vehicle Market Share – By Charging Type By Volume 2019 & 2025F Figure 9: North America BEV & PHEV Market Size – By Value 2014 to 2025F (In USD Billion) Figure 10: North America BEV & PHEV Market Size – By Volume 2014 to 2025F (In Thousand Units) Figure 11 : Europe Electric Vehicles Market Size – By Value 2014 to 2025F (In USD Billion) Figure 12 : Europe Electric Vehicles Market Size – By Volume 2014 to 2025F (In Thousand Units) Figure 13: Europe Electric Vehicle Market Share – By Charging Type By Volume 2019 & 2025F Figure 14 : Europe BEV & PHEV Market Size – By Value 2014 to 2025F (In USD Billion) Figure 15: Europe BEV & PHEV Market Size – By Volume 2014 to 2025F (In Thousand Units) Figure 16 : Asia Pacific Electric Vehicle Market Size – By Value 2014 to 2025F (In USD Billion) Figure 17 : Asia Pacific Electric Vehicles Market Size – By Volume 2014 to 2025F (In Thousand Units) Figure 18: Asia Pacific Electric Vehicle Market Share – By Charging Type By Volume 2019 & 2025F Figure 19: Asia Pacific BEV & PHEV Market Size – By Value 2014 to 2025F (In USD Billion) Figure 20 : Asia Pacific BEV & PHEV Market Size – By Value 2014 to 2025F (In USD Billion) Figure 21: Latin America Electric Vehicles Market Size – By Value 2014 to 2025F (In USD Billion) Figure 22 : Latin America Electric Vehicles Market Size – By Volume 2014 to 2025F (In Thousand Units) Figure 23: Latin America Electric Vehicle Market Share – By Charging Type By Volume 2019 & 2025F Figure 24 : Latin America BEV & PHEV Market Size – By Value 2014 to 2025F (In USD Billion) Figure 25: Latin America BEV & PHEV Market Size – By Volume 2014 to 2025F (In USD Billion) Figure 26 : Middle East and Africa Electric Vehicles Market Size – By Value 2014 to 2025F (In USD Billion) Figure 27 : Middle East and Africa Electric Vehicles Market Size – By Volume 2014 to 2025F (In Thousand Units) Figure 28: Middle East And Africa Electric Vehicle Market Share – By Charging Type By Volume 2019 & 2025F Figure 29 : Middle East and Africa BEV & PHEV Market Size – By Value 2014 to 2025F (In USD Billion) Figure 30: Middle East and Africa BEV & PHEV Market Size – By Value 2014 to 2025F (In USD Billion) Figure 31: Porter's Five Force Model for Electric Vehicle Industry https://www.bonafideresearch.com/product/210159991

  10. Global Electric Vehicle Market Outlook, 2025 Press Releases Plugging into a future away from fossil fuels, the electric vehicle market is to depict a CAGR of over 30%. - Bonafide Research As per the report titled ‘Global Electric Vehicle Market Outlook 2020-25‘ published by Bonafide Research, the electric vehicle market was valued at USD 27.85 Billion in 2014, with an unsurpassable volume share of 61.34% held by the Asia Pacific, in 2019. The region is to witness the fastest growth, followed by Europe and North America. The automotive industry in the countries such as China, Japan, and South Korea is inclined toward innovation, technology, and the development of the advanced electric vehicle. While Latin America and the Middle East & Africa put together could not cross over 3% of the market. The total market is expected to cross a value of USD 400 Billion by the end of the forecasted period. The electric vehicle outperforms the conventional vehicle providing higher fuel economy, low carbon emission, and maintenance, the convenience of charging at home, smoother drive, and reduced sound from the engine. The BEV segment leads the market and is expected to reach over 80% in terms of volume, while the PHEV segment is to portray an expected CAGR of 36.03%, through the forecasted period. While the companies are focusing on manufacturing comparatively lesser expensive models, the market is likely to get incline towards the luxury car segment, which is expected to account for an approx value share of 40% by end of the forecasted period. This shift in the market behavior can be said to be backed by the possibilities of the rise in disposable income and readiness to spend more on expensive features. As the demand for a quick process at less cost increases in the manufacturing industry, the demand for light commercial vehicles is excepted to increase. The commercial electric vehicle is anticipated to reach a market of over 800 Thousand Units by the end of 2025, while the passenger vehicle continues to lead the market. Technological advancement in battery life and robustness would act as the key market drivers, especially for the electric commercial vehicle segment. https://www.bonafideresearch.com/product/210159991

  11. Global Electric Vehicle Market Outlook, 2025 Even though electric vehicles are a need of the hour, the market is hurdled highly because of the lack of infrastructure and the high manufacturing cost. The lack of standardization in the charging load is also a major drawback for the global market. To overcome this, many electric vehicle manufacturers are focusing on developing their charging network. The governments of various countries have planned stringent CO2 emission norms that have increased the demand for electric vehicles. Besides, the governments are providing incentives and subsidies to encourage EV sales. Electric Go-Karting and electric auto are to become a popular trend among the developing nations, thus giving more market space in the industry. The top 3 players: Tesla, Nissan, and Toyota together accounted for 31.45% of the share in 2019, while the other major players are BMW Group, Volkswagen AG, General Motors, Daimler AG, BYD Company Motors, and Ford Motor Company. The other smaller and local players also play an important role with the mergers amend acquisitions around the industry. https://www.bonafideresearch.com/product/210159991

  12. Global Electric Vehicle Market Outlook, 2025 License Detail https://www.bonafideresearch.com/product/210159991

More Related