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Electric Vehicle Market Growth, Opportunities and Development 2024 Key Players Tesla Motors Inc., Daimler AG, BMW Group, Ford Motor Company, Groupe Renault, Toyota Motor Corporation

05-14-2019 07:23 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Reports Store

Electric Vehicle Market Growth, Opportunities and Development 2024 Key Players Tesla Motors Inc., Daimler AG, BMW Group, Ford Motor Company, Groupe Renault, Toyota Motor Corporation

Global Electric Vehicle Industry was valued at USD 97.4 Billion in the year 2017. Global Electric Vehicle Industry is further estimated to grow at a CAGR of 18.59% from 2018 to reach USD 466.57 Billion by the year 2025. Asia Pacific region holds the highest Industry share in 2016 and European Industry is considered as the fastest growing Industry in the forecasted period. At a country level, developed markets like China, Norway with highest population base holds the notable Industry share in 2016 and it is projected to grow strongly in the coming years.

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Global Electric Vehicle Industry Share by 2025

Between Hybrid Electric Vehicles, Plug-in Hybrid Electric Vehicles and Battery Electric Vehicle types, Battery Electric Vehicles segment because of the growing popularity and availability is expected to hold the highest Industry share during the forecast period.

The Industry Players in global Electric Vehicle Industry are Tesla Motors Inc., Daimler AG, BMW Group, Ford Motor Company, Groupe Renault, Toyota Motor Corporation, and Volkswagen AG and Other 13 companies detail information is provided in the report. Tesla Motors holding the substantial Industry share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

Electric Vehicle Industry Overview By Vehicle
Passenger Car
Two Wheeler
Commercial Vehicles

Electric Vehicle Industry By Type
Hybrid Electric Vehicles (HEVs)
Plug-in Hybrid Electric Vehicles (PHEVs)
Battery Electric Vehicles (BEVs)

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Electric Vehicle Industry By Region
North America
USA
Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa

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