Global Electric Vehicle Market Forecast to 2030

Description

Electric Vehicle Market Forecast Analysis

Market Overview

The rising prices for traditional fuel and the alluring incentives the government is providing for the production and purchase of EVs are the main factors promoting market expansion. The expansion of the electric vehicle is thought to be fueled by the rising expenditure in the electric transportation sector. Players on the market including Daimler AG, Ford Motor Company, and Groupe Renault are heavily committing to their plans to manufacture electric vehicles.

For instance, the Ford Company stated that it planned to spend USD 300 million at its Romanian manufacturing facility to develop a new light large vehicle in 2018. Important businesses like Mercedes Benz and Daimler AG make significant investments in making EVs. As a result, it is predicted that the market will increase over the long term over the projection period.

Segment Overview

The market is divided into four separate segments based on technology, class, type, and technology insights. The hybrid, battery, and connector hybrid electric vehicles are included in the market segmentation for electric vehicles based on technology.

Mid-priced and premium classes are included in the market segmentation for electric vehicles based on vehicle type. The passenger car, two-wheeler, and commercial vehicle segments of the electric vehicle market information have been separated. The analysis offers market information for North America, Europe, Asia-Pacific, and the rest of the world, organised by region.

Regional Analysis

This can be due to the rising demand for electric vehicles in the US, which is being supported by the development of charging infrastructure and the incentives offered by the local governments in these areas.This is a result of developing countries’ rising demand for passenger cars. In addition, the India electric vehicle market had the highest rate of growth in the Asia-Pacific region, while China’s electric vehicle industry had the largest market share.

Due to regional government efforts to cut carbon emissions, Europe has the 2nd largest market share for electric vehicles, and the quick uptake of gasoline automobiles has been the sector’s main driver of growth. The Germany, U.K., and France are significant nations that have contributed to the expansion of the region. Moreover, the UK electric vehicle market had the quickest rate of growth in the European region, while the German electric vehicle market had the largest market share.

Major Players

Hyundai Motor, BMW, General Motors, Volkswagen, Mitsubishi Motors, Nissan Motor, Tesla Inc., Toyota Motor, Ford Motor, and Daimler AG are some of the leading companies in the global market for electric vehicles.

COVID 19 Impacts

Economic Effect of COVID-19 on the World Electric Vehicle Industry: Segmentation (Plug-in Hybrid Electric Vehicles, Hybrid Electric Vehicles, and Battery Electric Vehicles) and Projection 2019–2025.

In place of an internal combustion engine, which generates energy by burning a mixture of fuel and gases, electric vehicles employ one or even more electric motors, which are a regenerative alternative to conventional fuel-powered vehicles.

Electric vehicles are becoming more popular as a result of the strict emission standards because they produce fewer emissions and use less gasoline. Hydrogen is considered to be a substitute fuel and is qualified for alternate energy vehicle tax credits under the Energy Security Act of 1992.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF SUPPLIERS
3.1.3 BARGAINING POWER OF BUYERS
3.1.34 THREAT OF SUBSTITUTES
3.1.5 SEGMENT RIVALRY
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
5 GLOBAL ELECTRIC VEHICLES BATTERY MARKET, BY BATTERY TYPE
5.1 INTRODUCTION
5.2 LITHIUM ION BATTERY
5.2.1 MARKET ESTIMATES & FORECAST, 2018–2030
5.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2018–2030
5.3 LEAD ACID BATTERY
5.3.1 MARKET ESTIMATES & FORECAST, 2018–2030
5.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2018–2030
5.4 NICKEL HYDRIDE BATTERY
5.4.1 MARKET ESTIMATES & FORECAST, 2018–2030
5.4.2 MARKET ESTIMATES & FORECAST BY REGION, 2018–2030
5.5 OTHERS
5.5.1 MARKET ESTIMATES & FORECAST, 2018–2030
5.5.2 MARKET ESTIMATES & FORECAST BY REGION, 2018–2030
6 GLOBAL ELECTRIC VEHICLES BATTERY MARKET, BY VEHICLE TECHNOLOGY
6.1 INTRODUCTION
6.2 BATTERY ELECTRIC VEHICLES
6.2.1 MARKET ESTIMATES & FORECAST, 2018–2030
6.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2018–2030
6.3 HYBRID ELECTRIC VEHICLES
6.3.1 MARKET ESTIMATES & FORECAST, 2018–2030
6.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2018–2030
6.4 PLUG-IN HYBRID ELECTRIC VEHICLES
6.4.1 MARKET ESTIMATES & FORECAST, 2018–2030
6.4.2 MARKET ESTIMATES & FORECAST BY REGION, 2018–2030
6.5 OTHERS
6.5.1 MARKET ESTIMATES & FORECAST, 2018–2030
6.5.2 MARKET ESTIMATES & FORECAST BY REGION, 2018–2030
7 GLOBAL ELECTRIC VEHICLES BATTERY MARKET, BY END MARKET
7.1 INTRODUCTION
7.2 OEMS
7.2.1 MARKET ESTIMATES & FORECAST, 2018–2030
7.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2018–2030
7.3 AFTERMARKET
7.3.1 MARKET ESTIMATES & FORECAST, 2018–2030
7.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2018–2030
8 GLOBAL ELECTRIC VEHICLES BATTERY MARKET, BY REGION
8.1 INTRODUCTION
8.2 NORTH AMERICA
8.2.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.2.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.2.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.2.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.2.5 THE U.S
8.2.5.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.2.5.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.2.5.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.2.5.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.2.6 CANADA
8.2.6.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.2.6.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.2.6.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.2.6.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.3 EUROPE
8.3.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.3.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.3.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.3.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.3.5 U.K
8.3.5.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.3.5.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.3.5.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.3.5.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.3.6 GERMANY
8.3.6.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.3.6.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.3.6.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.3.6.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.3.7 FRANCE
8.3.7.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.3.7.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.3.7.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.3.7.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.3.8 ITALY
8.3.8.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.3.8.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.3.8.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.3.8.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.3.9 REST OF EUROPE
8.3.9.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.3.9.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.3.9.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.3.9.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.4 ASIA PACIFIC
8.4.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.4.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.4.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.4.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.4.5 CHINA
8.4.5.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.4.5.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.4.5.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.4.5.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.4.6 JAPAN
8.4.6.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.4.6.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.4.6.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.4.6.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.4.7 INDIA
8.4.7.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.4.7.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.4.7.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.4.7.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.4.8 REST OF ASIA PACIFIC
8.4.8.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.4.8.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.4.8.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.4.8.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
8.5 REST OF THE WORLD
8.5.1 MARKET ESTIMATES & FORECAST, 2018–2030
8.5.2 MARKET ESTIMATES & FORECAST BY BATTERY TYPE, 2018–2030
8.5.3 MARKET ESTIMATES & FORECAST BY VEHICLE TECHNOLOGY, 2018–2030
8.5.4 MARKET ESTIMATES & FORECAST BY END MARKET, 2018–2030
9 COMPETITIVE LANDSCAPE
10 COMPANY PROFILE
10.1 AUTOMOTIVE ENERGY SUPPLY CORPORATION
10.1.1 COMPANY OVERVIEW
10.1.2 PRODUCTS/SERVICES OFFERING
10.1.3 FINANCIAL OVERVIEW
10.1.4 KEY DEVELOPMENTS
10.1.5 STRATEGY
10.1.6 SWOT ANALYSIS
10.2 PANASONIC CORPORATION
10.2.1 COMPANY OVERVIEW
10.2.2 PRODUCTS/SERVICES OFFERING
10.2.3 FINANCIAL OVERVIEW
10.2.4 KEY DEVELOPMENTS
10.2.5 STRATEGY
10.2.6 SWOT ANALYSIS
10.3 BYD COMPANY LIMITED
10.3.1 COMPANY OVERVIEW
10.3.2 PRODUCTS/SERVICES OFFERING
10.3.3 FINANCIAL OVERVIEW
10.3.4 KEY DEVELOPMENTS
10.3.5 STRATEGY
10.3.6 SWOT ANALYSIS
10.4 LG CHEM LTD
10.4.1 COMPANY OVERVIEW
10.4.2 PRODUCTS/SERVICES OFFERING
10.4.3 FINANCIAL OVERVIEW
10.4.4 KEY DEVELOPMENTS
10.4.5 STRATEGY
10.4.6 SWOT ANALYSIS
10.5 QUALLION
10.5.1 COMPANY OVERVIEW
10.5.2 PRODUCTS/SERVICES OFFERING
10.5.3 FINANCIAL OVERVIEW
10.5.4 KEY DEVELOPMENTS
10.5.5 STRATEGY
10.5.6 SWOT ANALYSIS
10.6 BOSTON-POWER
10.6.1 COMPANY OVERVIEW
10.6.2 PRODUCTS/SERVICES OFFERING
10.6.3 FINANCIAL OVERVIEW
10.6.4 KEY DEVELOPMENTS
10.6.5 STRATEGY
10.6.6 SWOT ANALYSIS
10.7 JOHNSON CONTROLS INTERNATIONAL
10.7.1 COMPANY OVERVIEW
10.7.2 PRODUCTS/SERVICES OFFERING
10.7.3 FINANCIAL OVERVIEW
10.7.4 KEY DEVELOPMENTS
10.7.5 STRATEGY
10.7.6 SWOT ANALYSIS
10.8 NARADA POWER SOURCE
10.8.1 COMPANY OVERVIEW
10.8.2 PRODUCTS/SERVICES OFFERING
10.8.3 FINANCIAL OVERVIEW
10.8.4 KEY DEVELOPMENTS
10.8.5 STRATEGY
10.8.6 SWOT ANALYSIS
10.9 GS YUASA CORPORATION
10.9.1 COMPANY OVERVIEW
10.9.2 PRODUCTS/SERVICES OFFERING
10.9.3 FINANCIAL OVERVIEW
10.9.4 KEY DEVELOPMENTS
10.9.5 STRATEGY
10.9.6 SWOT ANALYSIS
10.10 TIANNENG POWER INTERNATIONAL
10.10.1 COMPANY OVERVIEW
10.10.2 PRODUCTS/SERVICES OFFERING
10.10.3 FINANCIAL OVERVIEW
10.10.4 KEY DEVELOPMENTS
10.10.5 STRATEGY
10.10.6 SWOT ANALYSIS
10.11 CROWN BATTERY CORPORATION
10.11.1 COMPANY OVERVIEW
10.11.2 PRODUCTS/SERVICES OFFERING
10.11.3 FINANCIAL OVERVIEW
10.11.4 KEY DEVELOPMENTS
10.11.5 STRATEGY
10.11.6 SWOT ANALYSIS
10.12 HITACHI CHEMICAL COMPANY
10.12.1 COMPANY OVERVIEW
10.12.2 PRODUCTS/SERVICES OFFERING
10.12.3 FINANCIAL OVERVIEW
10.12.4 KEY DEVELOPMENTS
10.12.5 STRATEGY
10.12.6 SWOT ANALYSIS