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Electric Vehicle Market Size to Worth Around US$ 1103.17Bn by 2030

[150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global electric vehicle market was valued at around USD 170 billion in 2021 and is expected to register revenues worth USD 1103.17 billion by the end of 2030, growing at an exceptional CAGR of approximately 23.1% between 2022 and 2030.

Electric Vehicle Market

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Scope of the Report

A recent study by Precedence Research on the electric vehicle market offers a forecast for 2020 and 2027. The study analyzes crucial trends that are currently determining the growth of the electric vehicle market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of electric vehicle. The study also provides the dynamics that are responsible for influencing the future status of the electric vehicle market over the forecast period.

A detailed assessment of the electric vehicle market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the electric vehicle market along with their product portfolio enhances the reliability of this comprehensive research study.

Report Scope of the Electric Vehicle Market
Report HighlightsDetails
Market Size in 2021USD 170 Billion
Growth RateCAGR of 23.1% from 2022 to 2027
Largest MarketAsia Pacific
Fastest Growing MarketEurope and North America
Base Year2021
Forecast Period2022 to 2030
Segments CoveredPropulsion Type, Components, Vehicle Type, Vehicle Class, Top Speed, Vehicle Drive, EV Charging Point Type, V2G, Region
Companies MentionedBYD Company Ltd.,  Ford Motor Company , Daimler AG , General Motors Company, Mitsubishi Motor Corporation and  Groupe Renault
Competition Landscape

The report has engulfed a chapter on the global electric vehicle market’s competitive landscape, which provides detailed analysis and insights on companies offering electric vehicle. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter.

This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach. This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably. Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.

Some of the prominent players in the electric vehicle market include:
  • Ampere Vehicles
  • Benling India Energy and Technology Pvt Ltd
  • BMW AG
  • BYD Company Limited
  • Chevrolet Motor Company
  • Daimler AG
  • Energica Motor Company S.p.A.
  • Ford Motor Company
  • General Motors
  • Hero Electric
  • Hyundai Motor Company
  • Karma Automotive
  • Kia Corporation
  • Lucid Group, Inc.
  • Mahindra Electric Mobility Limited
  • NIO
  • Nissan Motors Co., Ltd.
  • Okinawa Autotech Pvt. Ltd.
  • Rivain
  • Tata Motors
  • Tesla Inc.
  • Toyota Motor Corporation
  • Volkswagen AG
  • WM Motor
  • Xiaopeng Motors

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Segments Covered in the Report

By Propulsion Type

  • Hybrid Vehicles
    • Pure Hybrid Vehicles
    • Plug-in Hybrid Vehicles
  • Battery Electric Vehicles
  • Fuel Cell Electric Vehicles

By Components

  • Battery Cells & Packs
  • On-Board Charge
  • Motor
  • Reducer
  • Fuel Stack
  • Power Control Unit
  • Battery Management System
  • Fuel Processor
  • Power Conditioner
  • Air Compressor
  • Humidifier

By Vehicle Type

By Vehicle Class

  • Mid-priced
  • Luxury

By Top Speed

  • Less Than 100 MPH
  • 100 to 125 MPH
  • More Than 125 MPH

By Vehicle Drive

  • Front-Wheel Drive
  • Rear Wheel Drive
  • All Wheel Drive

By EV Charging Point Type

  • Normal Charging
  • Super Charging

By V2G

  • V2B or V2H
  • V2G
  • V2V
  • V2X

Regional Segmentation

  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
  • North America [United States, Canada, Mexico]
  • South America [Brazil, Argentina, Columbia, Chile, Peru]
  • Middle East & Africa [GCC, North Africa, South Africa]

Read Also@ Automotive Wiring Harness Market Size to Worth Around US$ 79 Bn by 2027

Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region.

This section analyses region-wise revenue and volume for the forecast period of 2019 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

The report provides in-depth segment analysis of the global electric vehicle market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the electric vehicle market.

The report includes country-wise and region-wise market size for the period 2019-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2019-2030.

Why should you invest in this report?

If you are aiming to enter the global electric vehicle market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for electric vehicle are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Table of Contents

Chapter 1. Introduction

Chapter 2. Research Methodology

Chapter 3. Executive Summary

Chapter 4. Market Variables and Scope

Chapter 5. Market Dynamics Analysis and Trends

Chapter 6. Competitive Landscape

Chapter 7. Global Electric Vehicle Market, By Propulsion Type

Chapter 8. Global Electric Vehicle Market, By Components

Chapter 9. Global Electric Vehicle Market, By Vehicle Type

Chapter 10. Global Electric Vehicle  Market, By Vehicle Class

Chapter 11. Global Electric Vehicle  Market, By Top Speed

Chapter 12. Global Electric Vehicle  Market, By Vehicle Drive

Chapter 13. Global Electric Vehicle  Market, By EV Charging Point

Chapter 14. Global Electric Vehicle  Market, By V2G

Chapter 15. Global Electric Vehicle Market, Regional Estimates and Trend Forecast

Chapter 16. Company Profiles

Chapter 17. Research Methodology

Chapter 18. Appendix

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About Us

Precedence Research is a Canada/India based company and one of the leading providers of strategic market insights. We offer executive-level blueprints of markets and solutions beyond flagship surveys. Our repository covers consultation, syndicated market studies, and customized research reports. Through our services we aim at connecting an organization’s goal with lucrative prospects globally.

From gauging investment feasibility to uncovering hidden growth opportunities, our market studies cover in-depth analysis, which also is interspersed with relevant statistics. Recommendation are often enclosed within our reports with the sole intent of enabling organizations achieve mission-critical success.

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Janet Edward

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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