Global Electric Vehicle
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
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"Global Electric Vehicle market size 2023 was XX Million. Electric Vehicle Industry compound annual growth rate (CAGR) will be XX% from 2024 till 2031."
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Market Size | 121212 |
Country Market Size | 121212 |
North Americ Market Size | 121212 |
Europe Market Size | 121212 |
Asia Pacific Market Size | 121212 |
South America Market Size | 121212 |
Middle East and Africa Market Size | 121212 |
Market Split by Components |
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Market Split by Vehicle Type |
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Market Split by Vehicle Class |
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Market Split by Top Speed |
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Market Split by Vehicle Drive Type |
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Market Split by EV Charging Point Type |
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Market Split by V2G |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Electric Vehicle industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Electric Vehicle Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Market Dynamics such as Drivers, Restraints, Opportunities, Trends data
We have various report editions of Electric Vehicle Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
Competitive Landscape includes company profiling of the key manufacturers listed below. It also provides the key developments such as new product launches, expansion, mergers & acquisitions, partnerships, agreements, joint ventures, business overview, key strategies and financial analysis associated with the key players. Strategy implemented to overcome the COVID-19 Impact will be discussed in the report scope. Key players Financials includes Revenue (USD Million), Gross Margin (%) and Market Share (%) (2019- 2023), S.W.O.T Analysis, (To read more request the sample pages Or speak to analyst/author directly).
Top Companies Market Share in Electric Vehicle Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Region and country analysis section of Electric Vehicle Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.
The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Electric Vehicle market.
The current report Scope analyzes Electric Vehicle Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Electric Vehicle Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Electric Vehicle Industry growth. Electric Vehicle market has been segmented with the help of its Components, Vehicle Type Vehicle Class, and others. Electric Vehicle market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Electric Vehicle market.
Components of Electric Vehicle analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Electric Vehicle Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Electric Vehicle from 2019 to 2031. This will also help to analyze the demand for Electric Vehicle across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Vehicle Type of Electric Vehicle are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Research Analyst at Cognitive Market Research
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Electric Vehicle Market is witnessing significant growth in the near future.
In 2023, the Battery Cells & Packs segment accounted for noticeable share of global Electric Vehicle Market and is projected to experience significant growth in the near future.
The Passenger Cars segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies TESLA, VOLKSWAGEN AG and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
The much-awaited Born Electric line, which includes the BE 6e and XEV 9e electric SUVs, was launched by Mahindra & Mahindra (M&M) This new portfolio, which was introduced on the "INGLO" platform, represents a revolutionary development in Mahindra's approach to electric mobility. The "INGLO" platform, a flat-floor skateboard design intended to increase passenger space by doing away with the center tube, is utilized by both SUVs. High-density battery technology is integrated into the platform to optimize efficiency and range.
With 59 kWh and 79 kWh battery packs, respectively, the BE 6e and XEV 9e can produce up to 282 horsepower. Each charge should provide a range of 450–500 kilometers. Range anxiety is reduced by the fast charging capabilities of both SUVs, which can reach 20–80% battery capacity in just 20 minutes.
Morocco surpassed China and Japan to become the largest vehicle export hub in the European Union. Due to a boom in automobile production and components, Morocco's trade with Europe is expected to increase further. Thanks to its advantageous geographic location and encouraging government subsidies, Morocco has established itself as a crucial manufacturing hub, particularly for European automakers Stellantis and Renault.
With exports accounting for almost 80% of domestic output, Morocco's Tanger Med Port, one of the biggest automotive ports in the world, handled over 578,500 automobiles in 2023. "Morocco is perfect for exporting automobiles because of its close proximity to Europe and effective logistics," stated Taieb Douhlal, Operational Director at Austics Group. By 2025, the government wants to double yearly car production to one million units.
Although Morocco is the top exporter of automobiles, Tunisia and Algeria are also making progress in their industries. Approximately 80% of Tunisia's automobile production is exported to Europe. However, as Mitsubishi Corporation recently relocated its operations from Tunisia to Casablanca, Morocco, competition for investment is changing the face of North Africa.
In 2025, Egypt intends to restart Lada vehicle manufacture at a new facility in Tarbul, with an anticipated yearly production of 50,000–70,000 automobiles as part of its automotive sector overhaul.
Electric vehicle (EV) charging operations are being revolutionized, and new benchmarks for dependability and efficiency are being set by Evology Charging and CSL Group through the use of rSIM technology. Continuing to set the standard for sustainable and creative solutions, Evology Charging is a driving force in the UK's EV infrastructure market. Aiming to satisfy the growing demand, Evology is committed to building an easily accessible charging infrastructure. By 2030, forecasts indicate that there will be an additional 9 million electric vehicles on British roads.
Over the years, Evology's collaboration with CSL has been crucial to improving their EV charging operations. But now that CSL's cutting-edge rSIM technology has been integrated, Evology has improved efficiency and dependability throughout its network. By implementing rSIM, EV chargers may now have continuous, reliable connectivity that sets new benchmarks for uptime and operational effectiveness. Important issues with EV charging infrastructure are addressed by the partnership between CSL and Evology Charging. Conventional systems frequently have cybersecurity and resilience issues, which cause downtime and user annoyance. By guaranteeing smooth connectivity across several locales, CSL's multi-network roaming SIMs alleviate these problems and improve operational reliability as well as customer happiness.
The collaboration between CSL and Evology Charging, enabled by rSIM technology, is poised to transform connection norms within the EV charging sector. Along with increasing Evology's competitive advantage, rSIM has cleared the path for a more environmentally friendly and interconnected mobility infrastructure in the future. This collaboration highlights how important connection solutions will be in determining how electric vehicle charging will develop in the future.
NAVEE is thrilled to announce that it has partnered with renowned North American retailer Target to bring the much anticipated NAVEE S40 and V40i electric scooters to its shops, marking an important milestone in the company's worldwide expansion journey. With this partnership, NAVEE not only enters the North American retail market but also demonstrates its quick expansion and growing impact within the electric mobility industry.
The NAVEE S40, which recently took home the coveted 2024 Red Dot and iF Design Awards, is set to revolutionize urban commuting. In keeping with its goal to "Navigate the infinite possibilities for the future of mobility," NAVEE is dedicated to offering premium, environmentally responsible transportation options that satisfy the demands of contemporary city people. Inspired by the Tesla Cybertruck, the NAVEE S40 combines cutting-edge technology with potent performance. It is perfect for off-roading as well as urban use because to its 700W motor, 25-mile range, and ShockMasterTM dual swingarm suspension. This elegant, functional, and award-winning scooter is ideal for everyday commuting.
The new V40i's emphasis on use and convenience balances out the S40. It is lighter and easier to use, and it is aimed at women and people who would rather have a less complicated solution. Target's diversified customer base may benefit from the exceptional maneuverability and 25-mile range of the V40i, which makes it a great urban commuting choice. Its small design further enhances its appeal.
Hong Kong-listed shares of the EV unit of the troubled property developer China Evergrande Group surged by as much as 113% on Monday. This marked the first trading day after the company requested a suspension in advance of an announcement. In a late Sunday stock exchange filing, the EV unit revealed that liquidators of its parent company had identified a potential buyer interested in acquiring a 29% stake, with an option to purchase an additional 29.5% stake later. The buyer's identity was not disclosed. Kenny Ng, a securities strategist at Everbright Securities International in Hong Kong, noted that investors were optimistic about the prospect of new ownership. According to the filing, the potential buyer might also offer a line of credit to support the ongoing operations of Evergrande New Energy Vehicle Group.
The Hyundai Motor Group intends to increase the manufacturing of electric vehicles and new mobility business in South Korea by investing 68 trillion won ($51 billion) over three years. The 35.5 trillion won investment would go toward building new facilities for electric vehicle (EV) production lines and research and development. This coincides with competitor manufacturers cutting back on their intentions to increase EV production in favor of hybrid vehicles or increasing shareholder dividends and share buybacks. General Motors (GM) prioritized EVs over short-term earnings in 2021 and expected to invest over $35 billion in EV initiatives through 2025. But last year, the US carmaker cut its estimated EV output and postponed the construction of an electric truck factory. On Friday, the New York Auto Show opens, and the industry must make a difficult choice. Although the Japanese carmaker has prioritized growing sales of gas-electric hybrids, Toyota is expanding the number of EVs in its lineup. Regarding the introduction of plug-in hybrid cars, Hyundai will stick to its goals while remaining adaptable. Hyundai anticipates starting EV production in Georgia in October to be eligible for $7,500 in tax credits under the Inflation Reduction Act. The investment plan calls for the renovation of a Kia facility to make compact electric cars (EVs), the commencement of production of "PBV" vehicles in 2025 at a second factory, and the mass production of "ultra-large" Genesis luxury EVs by Hyundai at its Ulsan factory in the first quarter of 2026.
The third-largest smartphone vendor in China, Xiaomi, will make its debut in the automotive industry on Thursday when it introduces its electric vehicle (EV). The car will be compared to Porsche's Taycan and Panamera sports car versions and priced under 500,000 RMB ($69,170.64). Lei Jun, the founder and CEO of Xiaomi, achieved his goal of investing $10 billion in the automotive industry with the launch. On the likelihood that Xiaomi's auto initiative will be successful, analysts are split. Some think it's a logical progression for Xiaomi, providing a smoother online experience and gathering additional information. Lei, however, has stated that the SU7 will be "a bit expensive," deviating from the company's reputation as an inexpensive brand. The launch of the SU7 coincides with China's. The SU7 is going on sale at a time when a faltering domestic economy and a pricing war are plaguing China's car industry. Xiaomi is third in terms of cash and cash equivalents, indicating that it has more resources than other EV companies. Xiaomi has an advantage over traditional automakers in smart cockpits, a characteristic that Chinese consumers enjoy, according to analysts, thanks to its experience with smartphones.
Disclaimer:
Components | Battery Cells & Packs, On-Board Charge, Motor, Reducer, Fuel Stack, Power Control Unit, Battery Management System, Fuel Processor, Power Conditioner, Air Compressor, Humidifier |
Vehicle Type | Passenger Cars, Commercial Vehicles |
Vehicle Class | Mid-priced, Luxury |
Top Speed | <125 MPH, >125 MPH |
Vehicle Drive Type | Front-Wheel Drive, Rear Wheel Drive, All Wheel Drive |
EV Charging Point Type | Normal Charging, Super Charging |
V2G | V2B or V2H, V2G, V2V, V2X |
List of Competitors | TESLA, BYD, VOLKSWAGEN AG, BMW GROUP, NISSAN MOTORS, TOYOTA MOTOR CORPORATION, FORD MOTOR COMPANY, AB VOLVO, SAIC MOTORS, HYUNDAI GROUP, HONDA MOTORS, DAIMLER AG |
This chapter will help you gain GLOBAL Market Analysis of Electric Vehicle. Further deep in this chapter, you will be able to review Global Electric Vehicle Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Components Analysis 2019 -2031, will provide market size split by Components. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Components Analysis 2019 -2031
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Chapter 11 Market Split by Vehicle Type Analysis 2019 -2031
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Chapter 12 Market Split by Vehicle Class Analysis 2019 -2031
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Chapter 13 Market Split by Top Speed Analysis 2019 -2031
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Chapter 14 Market Split by Vehicle Drive Type Analysis 2019 -2031
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Chapter 15 Market Split by EV Charging Point Type Analysis 2019 -2031
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Chapter 16 Market Split by V2G Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Electric Vehicle market
Chapter 17 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Battery Cells & Packs have a significant impact on Electric Vehicle market? |
What are the key factors affecting the Battery Cells & Packs and On-Board Charge of Electric Vehicle Market? |
What is the CAGR/Growth Rate of Passenger Cars during the forecast period? |
By type, which segment accounted for largest share of the global Electric Vehicle Market? |
Which region is expected to dominate the global Electric Vehicle Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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