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Global Plug-In Electric Car Market - Growth | key Industry Players | Analysis | Forecasts to 2023
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On the basis of segment, the market is categorised into low, economy, medium, and premium segment cars. Economy segment car has been experiencing higher sales globally. Economy-segment PEVs are estimated to account for the largest share, of more than 30%, in the plug-in electric car market in 2017, followed by low-segment cars.
Asia-Pacific, led by China, is estimated to hold the largest share in the plug-in electric car market with more than 45% share in 2017. During the 2013–2016 period, the Chinese government heavily subsidized PEVs, which led to a boom in the industry, with sales growing at a CAGR of around 180%.
Europe is estimated to be the second largest plug-in electric car market globally, with a share of more than 25.0% in 2017. The EU has set a plan to minimize GHG emissions in the region to 80% below the 1990 levels by the end of 2050.
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Tesla and General Motors are estimated to be the leading players in North America. BYD and Renault-Nissan-Mitsubishi Alliance are the major players in the Asian plug-in electric car market. The other major players in the plug-in electric car market are Ford Motor Company, Volkswagen AG, Hyundai Motor Company, BAIC Motor Corporation Limited, Daimler AG, and Geely Automobile Holdings Limited.
GLOBAL PLUG-IN ELECTRIC CAR MARKET SEGMENTATION
By Technology
• Battery Electric Vehicles (BEVs)
• Plug-in hybrid electric vehicles (PHEVs)
By Segment
• Economy
• Low
• Medium
• Premium
By Region
• North America
o U.S.
o Canada
o Rest of North America
• Europe
o Germany
o France
o Norway
o U.K.
o Netherlands
o Rest of Europe
• Asia-Pacific
o China
o Japan
o Rest of Asia-Pacific
• Rest of the World
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With the help of our professional corporate relations with various companies, our market research offers the most accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in our publication. Our research assists our client in identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions.
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