Description
According to CRI analysis, the global electric vehicle market has grown rapidly in recent years. In 2012, the global sales of electric vehicles were only about 120,000, and by 2019 it had reached 2.21 million. In 2020, despite the global outbreak of COVID-19, global car sales dropped by more than 10%. However, global electric vehicle sales in 2020 will still exceed 3.2 million, an increase of more than 40% year-on-year. China is the world’s largest electric vehicle market. In 2012, China’s electric vehicle sales were about 13,000, and by 2019 it had reached 1.21 million. In the first half of 2020, China’s economy has been severely affected by COVID-19, resulting in a decline in electric vehicle sales. Starting from July 2020, China’s electric vehicle market has gradually recovered. In 2020, China’s total electric vehicle sales will reach 1.367 million.
In the global and Chinese markets, electric car manufacturers are divided into two categories. One is traditional car manufacturers such as Toyota, local, Volkswagen, GM, Renault, Ford, BMW, BYD, etc. The other category is emerging companies, such as Tesla, NIO, XPEV, etc. In 2020, Tesla occupied the number one position in the global electric vehicle market with approximately 490,000 sales. Other leading companies include Volkswagen, General Motors, Renault, BYD and so on. According to CRI’s analysis, in 2020, the competitive landscape of China’s new energy vehicles will also change. Tesla, NIO, and XPEV have performed well in the Chinese auto market and the global capital market, while many traditional car companies have not performed well. For example, NIO’s electric vehicles are contracted by JAC and sold only by JAC. However, as of the end of January 2021, the market value of JAC, which has a history of more than 20 years, is less than US$3 billion, while the market value of NIO, which has a history of only 6 years, has reached approximately US$90 billion.
According to CRI analysis, the rapid global growth of the electric vehicle market has benefited from many factors such as government subsidies, fashionable designs, and the popularity of environmental protection concepts.
According to CRI analysis, although the Chinese government has reduced the number of subsidies for consumers to purchase electric vehicles since 2019, for consumers, buying electric vehicles is still more favorable than fuel vehicles. For example, the application fee for a petrol vehicle license in Shanghai, China’s largest city, is more than 100,000 yuan (approximately US$15,000), while the purchase of an electric vehicle can get a license for free. Therefore, more and more Chinese consumers are buying electric vehicles. On December 30, 2019, the completion of Tesla Giga Shanghai in Shanghai, China further marked that China’s electric vehicle market has become a hot spot for competition between global traditional auto companies and emerging auto companies.
According to CRI analysis, there are certain differences between the electric vehicle industry chain and fuel vehicles. On the one hand, there are differences in auto parts, and the electric vehicle industry chain includes power lithium batteries, charging stations and other industrial chain links that are not needed by the traditional auto industry. For traditional car manufacturers, parts manufacturers, and car dealers, if they want to enter the electric car market, they need to conduct comprehensive market research and product design.
CRI predicts that from 2021 to 2025, global sales of fuel vehicles will continue to show a downward trend, while global annual sales of electric vehicles will maintain a CAGR of at least 20%. By 2025, global annual sales of electric vehicles will reach more than 10 million.
Topics covered:
-The impact of COVID-19 on the Global Electric Vehicle Industry
-Global and China’s electric vehicle industry development environment
-Global and Chinese electric vehicle production and sales 2012-2020
-Analysis of global and Chinese electric vehicle industry chain
-Major companies in the global and Chinese electric vehicle market
-Traditional auto companies, such as Toyota, Volkswagen Group, General Motors, BYD, etc.
-Emerging electric vehicle companies, such as Tesla, NIO, XPEV, etc.
-2021-2025 global electric vehicle market driving force and market opportunities
-Global Electric Vehicle Market Outlook 2021-2025
Table of Contents
1 Basic Concept of Electric Vehicles
1.1 Definition and Classification of Electric Vehicles
1.1.1 Definition
1.1.2 Classification
1.2 Analysis on Electric Vehicle Industry Chain
1.2.1 Constitution of Electric Vehicle Industry Chain
1.2.2 Analysis on Electric Vehicle Components
1.2.3 Analysis on Suppliers of Electric Vehicle Components
1.3 Business Modes of Electric Vehicle Industry in Globe and China
1.3.1 Whole-vehicle Sales
1.3.2 Whole-vehicle Lease
1.3.3 Vehicle Sales (Excluding Battery) and Battery Lease
1.4 The Impact of COVID-19 on the Global Electric Vehicle Industry
2 Overview of Global Electric Vehicle Industry, 2015-2020
2.1 Overview of Development Environment of Electric Vehicles
2.1.1 Economic Environment
2.1.2 Policy Environment of Electric Vehicles
2.2 Analysis on Supply of Electric Vehicles Globally
2.3 Market Demand for Electric Vehicles Globally
3 Overview of Electric Vehicle Industry in China, 2015-2020
3.1 Development Status of Automobile Industry in China
3.2 Development Status of Electric Vehicle Industry in China
3.2.1 Supply of Electric Vehicle Industry in China
3.2.2 Demand of Electric Vehicle Industry in China
3.3 Policy Environment of Electric Vehicle Industry in China
4 Analysis on Charging Facilities of Electric Vehicles
4.1 Charging Station
4.1.1 Overview of Charging Station Sector
4.1.2 Major Investors of Charging Station
4.2 Charging Piles of Electric Vehicle
4.2.1 Overview of Charging Pile Market
4.2.2 Prospect of Charging Pile Market
5 Analysis on Electric Passenger Vehicle Industry in Globe and China, 2015-2021
5.1 Market of Battery Electric Vehicle (BEV) for Passengers
5.1.1 Production Status of BEV for Passengers
5.1.2 Demand Status of BEV for Passengers in Globe and China
5.2 Market of Plug-in Hybrid Electric Vehicle (PHEV) for Passengers
5.2.1 Production Status of PHEV for Passengers
5.2.2 Demand Status of PHEV for Passengers
6 Analysis on Electric Commercial Vehicle Industry in Globe and China, 2015-2021
6.1 Market of Battery Electric Vehicle (BEV) for Commerce
6.1.1 Production Status of BEV for Commerce
6.1.2 Demand Status of BEV for Commerce
6.2 Market of Plug-in Hybrid Electric Vehicle (PHEV) for Commerce
6.2.1 Production Status of PHEV for Commerce
6.2.2 Demand Status of PHEV for Commerce
7 Major Electric Vehicle Manufacturers in Globe and China, 2020-2021
7.1 Tesla
7.2 BYD
7.3 Volkswagen
7.4 BMW
7.5 Benz
7.6 Renault
7.7 SAIC-GM-Wuling
7.8 Volvo
7.9 Audi
7.10 Hyundai Motor
7.11 Kia
7.12 Peugeot
7.13 SAIC
7.14 Nissan
7.15 Toyota
7.16 Porsche
7.17 Ford
7.18 GAC Group
7.19 Great Wall Motor
7.20 NIO
7.21 XPEV
8 Prospect of Electric Vehicle Industry in Globe and China, 2021-2025
8.1 Factors Influencing Development of the Industry
8.1.1 Driving Forces
8.1.2 Market Opportunities
8.1.3 Risks and Challenges
8.2 Forecast on Development of Electric Vehicle Industry in China, 2021-2025
8.3 Forecast on Supply of Electric Vehicles in China, 2021-2025
8.4 Forecast on Demand for Electric Vehicles in Globe and China, 2021-2025
List of Selected Charts
Chart Sales Volume of New Energy Vehicles in Globe, 2012-2020
Chart Electric Vehicle Industry Chain
Chart Classification of Components of Electric Automobiles
Chart Classification of Component Modules
Chart Global GDP and National Disposable Income Per Capita, 2011-2020
Chart Total Retail Sales of Consumer Goods in China, 201
Chart Supportive Policies of Governments on Electric Vehicle Industry, 2017-2021
Chart Global Production Volume of Electric Automobiles, 2012-2020
Chart Sales Volume and Growth Rate of Automobiles in the Globe, 2012-2020
Chart Global Reserve Volume of Electric Automobiles (thousand), 2012-2020
Chart Global Sales Volume of Electric Automobiles (thousand), 2012-2021
Chart TOP 20 Automobile Brands of Global Electric Vehicle 2020
Chart Automobile Production Volume and Sales Volume in China, 2010-2020
Chart Production Volume of Electric Vehicles in China, 2012-2020
Chart Sales Volume of Electric Vehicles in China, 2012-2020
Chart Production Volume of New Energy Vehicles in China by Section, 2012-2020
Chart Constitution of Sales Volume of Electric Vehicles in China, 2020
Chart Proportion of Production Volume and Sales Volume of New-energy Vehicles in China’s Total Volume, 2012-2020
Chart Policies Issued by China’s Central Government on Electric Vehicle Industry
Chart Policies Issued by China’s Local Governments on Electric Vehicle Industry
Chart Quantity of Electric Automobile Charging Piles in Globe and China, 2012-2021
Chart Monthly Added Charging Piles of Electric Automobiles in China
Chart Structure of Electric Automobile Charging Pile Market in China, by the end of September 2020
Chart Construction Status of Electric Automobile Charging Piles in China
Chart Production Volume of BEV for Passengers in Globe and China, 2012-2020
Chart Production Volume of PHEV for Passengers in China, 2012-2020
Chart Sales Volume of New-energy Passenger Vehicles of Tesla, 2015-2020
Chart Sales Volume of New-energy Passenger Vehicles of BYD, 2015-2020
Chart Forecast on Production Volume of Electric Vehicles in Globe and China, 2021-2025
Chart Forecast on Sales Volume of Electric Vehicles in Globe and China, 2021-2025
