Electric Vehicles (EVs)

Global Market Trajectory & Analytics

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DATE

APR 2021

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54

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653

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USD 5800

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MCP-1045


COMPETITIVE METRICS

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1Cover Pty Ltd

30 Seconds Limited

3bond Pty Limited

4BABY Sp. z o.o.

4R Energy Corporation

8TEV Limited

Aahma Private Limited

Access Motor Company Limited

Acorn Mobility

Active Cycles Co., Ltd

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HIGHLIGHTS & REPORT INDEX

Global Electric Vehicles (EVs) Market to Reach 59 Million Units by 2026

Amid the COVID-19 crisis, the global market for Electric Vehicles (EVs) estimated at 3.2 Million Units in the year 2020, is projected to reach a revised size of 59 Million Units by 2026, growing at a CAGR of 61.5% over the analysis period. Battery Electric Vehicles (BEV), one of the segments analyzed in the report, is projected to record a 60% CAGR and reach 59.8 Million Units by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Plugin Hybrid Electric Vehicles (PHEV) segment is readjusted to a revised 64.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at 1.7 Million Units in 2021, While China is Forecast to Reach 9.5 Million Units by 2026

The Electric Vehicles (EVs) market in the U.S. is estimated at 1.7 Million Units in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of 9.5 Million Units by the year 2026 trailing a CAGR of 58.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 54.9% and 52.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 41.5% CAGR.

SELECT PLAYERS

Bayerische Motoren Werke AG; BYD Company Limited; Daimler AG; DONGFENG ELECTRIC VEHICLE Co., LTD.; FDG Electric Vehicles Limited; Ford Motor Company; General Motors Company; Global Electric Motorcars (GEM); Groupe Renault; Honda Motor Co., Ltd.; Hyundai Motor Company; Karma Automotive; Lucid Motors; Mitsubishi Motors Corporation; NEXT Future Transportation Inc.; NextEV Ltd. (NIO); Nissan Motor Co., Ltd.; Tesla Motors Inc.; Toyota Motor Corp.; Volkswagen AG

SEGMENTS

» Product Segment (Battery Electric Vehicles (BEV), Plugin Hybrid Electric Vehicles (PHEV))

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Recent Market Activity
Can Electric Vehicles Emerge to be a Disruptive Technology Capable of Changing the Face of the Global Auto Industry?
The Rise, the Death and the Resurgence of Electric Vehicles (EVs)
2. FOCUS ON SELECT PLAYERS
Tesla Motors Inc. (USA)
Lucid Motors (USA)
Faraday Future (USA)
NextEV (China)
Karma Automotive LLC (USA)
NEXT Future Transportation, Inc. (USA)
Global Electric Motorcars (GEM) (USA)
FDG Electric Vehicles Limited (Hong Kong)
Dongfeng Electric Vehicle Co., Ltd. (China)
The Geely Group (China)
Bayerische Motoren Werke AG (Germany)
BYD Company Limited (China)
Daimler AG (Germany)
Ford Motor Company (USA)
General Motors Company (USA)
Groupe Renault (France)
Honda Motor Co., Ltd. (Japan)
Hyundai Motor Company (South Korea)
Mitsubishi Motors Corporation (Japan)
Nissan Motor Co., Ltd. (Japan)
Toyota Motor Corp. (Japan)
Volkswagen AG (Germany)
3. MARKET TRENDS & DRIVERS
Automotive Industry’s Continuous Struggle with the Environment Paves the Way Forward for EVs
Stringent Regulations: The Cornerstone for Growth in the Market
Review of Green House Gas Emissions and Fuel Economy Standards for Vehicles Across the World
Emissions Regulations Landscape in Major Country/Region
Government Support through Funding & Incentive Programs Accelerates Greening of the Automotive Industry
Advancements in Battery Technologies, Especially Lithium-Ion, Vital for Electric Car Domination
Promising Breakthroughs in Lithium-Ion Infuses Optimism Over the Market's Future Growth
Hybrid Vehicles as a Bridge Towards Pure Electric Vehicles, to Witness Immediate Market Opportunities for Growth
Plug-in Hybrid Electric Vehicle Long Electric Range (PHEVLER): A Disruptive Technology in the Making
Growing Trend Towards Small/Micro and Low-Speed Electric Vehicles
Developing Markets: The Focal Point for Future Growth
Zero Emission Battery-Powered Longer Range BEVs: The Ultimate Vision of the EV Future
Fuel Cell EVs (FCEVs): Not a Threat to BEVs
Recent Oil Price Crash: A Temporary Set Back to the EV Industry
EVs: Charging Forward With Advancements in Charging Infrastructure
Smart Grid Technologies to Optimize Charging Infrastructure and Catalyze Growth of Electric Vehicles
A Review of Progressive Battery Technology Developments
"Smart" Membrane for Fast Charging of Batteries
Lithium-Ion Batteries: The Focal Area of Battery Innovations
Research in Biodegradable Batteries
Lithium-Oxygen Batteries
Nanotechnology-Based Thin-Film Lithium-Ion Batteries
Innovation in EV Vehicle Models
Nissan and Endesa to Promote V2G Technology in Europe
4. GLOBAL MARKET PERSPECTIVE
World Current & Future Analysis for Electric Vehicles (EVs) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2027 and % CAGR
World Historic Review for Electric Vehicles (EVs) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Electric Vehicles (EVs) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2020 & 2027
World Current & Future Analysis for Battery Electric Vehicles (BEV) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2027 and % CAGR
World Historic Review for Battery Electric Vehicles (BEV) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Battery Electric Vehicles (BEV) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
World Current & Future Analysis for Plugin Hybrid Electric Vehicles (PHEV) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2027 and % CAGR
World Historic Review for Plugin Hybrid Electric Vehicles (PHEV) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Units for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Plugin Hybrid Electric Vehicles (PHEV) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
UNITED STATES
USA Current & Future Analysis for Electric Vehicles (EVs) by Product Segment - Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
USA Historic Review for Electric Vehicles (EVs) by Product Segment - Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) Markets - Independent Analysis of Annual Sales in Units for Years 2012 through 2019 and % CAGR
USA 15-Year Perspective for Electric Vehicles (EVs) by Product Segment - Percentage Breakdown of Value Sales for Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) for the Years 2012, 2020 & 2027
CANADA
Canada Current & Future Analysis for Electric Vehicles (EVs) by Product Segment - Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
Canada Historic Review for Electric Vehicles (EVs) by Product Segment - Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) Markets - Independent Analysis of Annual Sales in Units for Years 2012 through 2019 and % CAGR
Canada 15-Year Perspective for Electric Vehicles (EVs) by Product Segment - Percentage Breakdown of Value Sales for Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) for the Years 2012, 2020 & 2027
JAPAN
Japan Current & Future Analysis for Electric Vehicles (EVs) by Product Segment - Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
Japan Historic Review for Electric Vehicles (EVs) by Product Segment - Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) Markets - Independent Analysis of Annual Sales in Units for Years 2012 through 2019 and % CAGR
Japan 15-Year Perspective for Electric Vehicles (EVs) by Product Segment - Percentage Breakdown of Value Sales for Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) for the Years 2012, 2020 & 2027
CHINA
China Current & Future Analysis for Electric Vehicles (EVs) by Product Segment - Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
China Historic Review for Electric Vehicles (EVs) by Product Segment - Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) Markets - Independent Analysis of Annual Sales in Units for Years 2012 through 2019 and % CAGR
China 15-Year Perspective for Electric Vehicles (EVs) by Product Segment - Percentage Breakdown of Value Sales for Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) for the Years 2012, 2020 & 2027
EUROPE
Europe Current & Future Analysis for Electric Vehicles (EVs) by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in Units for Years 2020 through 2027 and % CAGR
Europe Historic Review for Electric Vehicles (EVs) by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in Units for Years 2012 through 2019 and % CAGR
Europe 15-Year Perspective for Electric Vehicles (EVs) by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2012, 2020 & 2027
Europe Current & Future Analysis for Electric Vehicles (EVs) by Product Segment - Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
Europe Historic Review for Electric Vehicles (EVs) by Product Segment - Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) Markets - Independent Analysis of Annual Sales in Units for Years 2012 through 2019 and % CAGR
Europe 15-Year Perspective for Electric Vehicles (EVs) by Product Segment - Percentage Breakdown of Value Sales for Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) for the Years 2012, 2020 & 2027
FRANCE
France Current & Future Analysis for Electric Vehicles (EVs) by Product Segment - Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
France Historic Review for Electric Vehicles (EVs) by Product Segment - Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) Markets - Independent Analysis of Annual Sales in Units for Years 2012 through 2019 and % CAGR
France 15-Year Perspective for Electric Vehicles (EVs) by Product Segment - Percentage Breakdown of Value Sales for Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) for the Years 2012, 2020 & 2027
GERMANY
Germany Current & Future Analysis for Electric Vehicles (EVs) by Product Segment - Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
Germany Historic Review for Electric Vehicles (EVs) by Product Segment - Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) Markets - Independent Analysis of Annual Sales in Units for Years 2012 through 2019 and % CAGR
Germany 15-Year Perspective for Electric Vehicles (EVs) by Product Segment - Percentage Breakdown of Value Sales for Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) for the Years 2012, 2020 & 2027
ITALY
Italy Current & Future Analysis for Electric Vehicles (EVs) by Product Segment - Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
Italy Historic Review for Electric Vehicles (EVs) by Product Segment - Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) Markets - Independent Analysis of Annual Sales in Units for Years 2012 through 2019 and % CAGR
Italy 15-Year Perspective for Electric Vehicles (EVs) by Product Segment - Percentage Breakdown of Value Sales for Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) for the Years 2012, 2020 & 2027
UNITED KINGDOM
UK Current & Future Analysis for Electric Vehicles (EVs) by Product Segment - Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
UK Historic Review for Electric Vehicles (EVs) by Product Segment - Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) Markets - Independent Analysis of Annual Sales in Units for Years 2012 through 2019 and % CAGR
UK 15-Year Perspective for Electric Vehicles (EVs) by Product Segment - Percentage Breakdown of Value Sales for Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) for the Years 2012, 2020 & 2027
REST OF EUROPE
Rest of Europe Current & Future Analysis for Electric Vehicles (EVs) by Product Segment - Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
Rest of Europe Historic Review for Electric Vehicles (EVs) by Product Segment - Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) Markets - Independent Analysis of Annual Sales in Units for Years 2012 through 2019 and % CAGR
Rest of Europe 15-Year Perspective for Electric Vehicles (EVs) by Product Segment - Percentage Breakdown of Value Sales for Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) for the Years 2012, 2020 & 2027
ASIA-PACIFIC
Asia-Pacific Current & Future Analysis for Electric Vehicles (EVs) by Product Segment - Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
Asia-Pacific Historic Review for Electric Vehicles (EVs) by Product Segment - Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) Markets - Independent Analysis of Annual Sales in Units for Years 2012 through 2019 and % CAGR
Asia-Pacific 15-Year Perspective for Electric Vehicles (EVs) by Product Segment - Percentage Breakdown of Value Sales for Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) for the Years 2012, 2020 & 2027
REST OF WORLD
Rest of World Current & Future Analysis for Electric Vehicles (EVs) by Product Segment - Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) - Independent Analysis of Annual Sales in Units for the Years 2020 through 2027 and % CAGR
Rest of World Historic Review for Electric Vehicles (EVs) by Product Segment - Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) Markets - Independent Analysis of Annual Sales in Units for Years 2012 through 2019 and % CAGR
Rest of World 15-Year Perspective for Electric Vehicles (EVs) by Product Segment - Percentage Breakdown of Value Sales for Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV) for the Years 2012, 2020 & 2027
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