Electric Vehicle Market : Latest Research Reveals Key Trends for Business Growth| Tesla Inc., Volkswagen AG, SAIC Motors, BYD Auto Co. Ltd., BMW Group, Nissan Motor Co. Ltd., Hyundai Group

The electric vehicles (EVs) market is estimated to witness a robust growth rate of 23.5% during the period 2019-2028. The market growth is attributed to the rising concern about air pollution in urban areas. Conventional fuel vehicles are one of the leading causes of air pollution which has encouraged government bodies to impose strict rules and regulations on car manufacturers to restrain vehicle emissions. EVs can reduce reliance on oil-based fuels and deliver significant reductions in greenhouse gas emissions. The governments of several economies are actively participating in soaring the sales of EVs by focusing on providing subsidies to customers on EV sales. Supportive government policies are helping in increasing demand for EVs in recent years, which is driving the market growth. Furthermore, technological advancements coupled with the ongoing development of self-driving EV technology are expected to create ample growth opportunities for the market.

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Market Segmentation

The global electric vehicles market has been analyzed on the basis of vehicle type, number of wheels, end-user, and region. Based on the vehicle type, the market is bifurcated into passenger vehicles and commercial vehicles. The passenger car segment is estimated to be a significant contributor to the market. Based on number of wheels, the market is segmented into two-wheelers, three-wheelers, four-wheelers, and multi-wheelers. Among these, four-wheelers segment is projected to hold a prominent share in the market.
Based on type, the market is segmented into battery electric vehicle (BEV), hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV), and fuel cell electric vehicle (FCEV). Among these, BEV segment is estimated to hold a prominent share in the market. By end-user, the market is bifurcated into commercial and non-commercial. Geographically, the market is analyzed into North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa.

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Market Structure and Competition Landscape
The growth of the global electric vehicles market is characterized by the presence of players operating in the market. Some of the players operating in the market include
Tesla Inc.,
Volkswagen AG,
SAIC Motors,
BYD Auto Co. Ltd.,
BMW Group,
Nissan Motor Co. Ltd.,
Hyundai Group,
Toyota Motor Corp.,
Renault Group,
GAC Motor,
Honda Motor Company Ltd.,
Mahindra Electric Mobility Ltd.,
Daimler AG,
General Motors Company,
and Geely (Zhejiang Geely Holding Group Co., Ltd.) among others. Tesla is one of the leading companies operating in the global EV market and has a strong foothold in the US EV market. Players operating in the market adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors. Mergers and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global EV market include,
In February 2022, Reliance Industries Ltd. announced the acquisition of the stake in an EV technology company, Altigreen. The investment is a part of the company s strategic intent, which is the collaboration with innovative companies. This would enable Reliance to diversify its product and service offerings.
In January 2022, Volkswagen announced the development of its ID.5 model based on the Skoda Enayaq iV model. The vehicle is expected to have a range of around 300 miles on 1 charge.

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Table of Content

Chapter One: Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
Chapter Two: Assumptions and Acronyms
Chapter Three: Executive Summary
3.1. Global Market in2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
Chapter Four: Research Methodology
Chapter Five: Analysis of COVID-19 Impact and Road Ahead
5.1. Impact on Growth Strategies
5.2. Impact on Operations and Supply Chain
5.3. Impact on the Investments in the Automotive Sector
5.4. Impact on Roll-outs Plans
Chapter Six: Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, consumer spending, economic conditions, industry expenditures, among others
6.3. Supply Chain & Value Chain Analysis
6.3.1. Original Equipment Manufacturers (OEMs)
6.3.2. Contract Manufacturers (CMs)
6.3.3. Raw Material Suppliers
6.3.4. Battery Manufacturers/Suppliers
6.3.5. Inspection and Testing Service Providers
6.3.6. Other Component Manufacturers
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter s Five Forces Analysis
Chapter Seven: Global and Regional Market Dynamics
7.1. Drivers
7.2. Restraints
7.3. Trends
7.4. Opportunities
Chapter Eight: Global EV Market: Pricing Analysis
8.1. By Leading Organizations
8.1.1. Tesla Inc.
8.1.2. Daimler AG
8.1.3. BMW Group
8.1.4. Toyota Motor Corp.
8.1.5. Nissan Motor Corp.
*List not exhaustive
8.2. By Region
8.2.1. North America
8.2.2. Europe (Western and Eastern)
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
Chapter Nine: Global EV Market: Consumer Spending v/s Government Spending
9.1. By Region
9.1.1. North America
9.1.2. Europe (Western and Eastern)
9.1.3. Asia-Pacific
9.1.4. Rest of the World
Chapter Ten: Global5G Infrastructure Market: Key Investment Analysis
10.1. By Industry Players
Includes analysis of investments made by key industry players and OEM announcements related to electric vehicles sales till2030
10.2. By Public Entities
10.3. By Region
10.4. M&A Activities
Chapter Eleven: Global5G Infrastructure Market: Key Developments by Private Sector
11.1. By Private Players
11.1.1. Amazon
11.1.2. Walmart
11.1.3. Anheuser-Busch
11.1.4. H2 Mobility Association
11.1.5. DHL Group
Robust assessment of declarations made by private sectors related to electric commercial vehicles
Chapter Twelve: Parent Market Overview: Global Automotive Market
Chapter Thirteen: Segmental Analysis
13.1. Global EV Market by Vehicle Type
13.1.1. Segment Overview
13.1.1.1. Passenger Vehicles
13.1.1.1.1. Mopeds, Bikes, and Scooters
13.1.1.1.2. Cars
13.1.1.1.2.1. Small Cars
13.1.1.1.2.2. Medium Cars
13.1.1.1.2.3. Crossover
13.1.1.1.2.4. Large Cars
13.1.1.1.2.5. SUVs
13.1.1.2. Commercial Vehicles
13.1.1.2.1. Light Commercial Vehicles (LCVs)
13.1.1.2.2. Heavy Commercial Vehicles (HCVs)
13.2. Global EV Market by Number of Wheels
13.2.1. Segment Overview
13.2.1.1. Two-wheelers
13.2.1.2. Three-wheelers
13.2.1.3. Four-wheelers
13.2.1.4. Multi-wheelers
13.3. Global EV Market by Type
13.3.1. Segment Overview
13.3.1.1. HEV (Hybrid Electric Vehicle)
13.3.1.2. PHEV (Plug-in Hybrid Electric Vehicle)
13.3.1.3. BEV (Battery Electric Vehicle)
13.3.1.4. FCEV (Fuel-cell Electric Vehicle)
13.4. Global EV Market by End User
13.4.1. Segment Overview
13.4.1.1. Commercial
13.4.1.2. Non-Commercial
13.5. Global EV Market by Region
13.5.1. North America
13.5.2. Western Europe
13.5.3. Eastern Europe
13.5.4. Asia Pacific
13.5.5. Latin America
13.5.6. Middle East & Africa
Chapter Fourteen: Regional Analysis
14.1. North America Electric Vehicles (EVs) Market Analysis and Forecast2019-2028
14.1.1. Regional Market Overview and Key Takeaways
14.1.2. North America Electric Vehicles (EVs) Market by Vehicle Type
14.1.3. North America Electric Vehicles (EVs) Market by Number of Wheels
14.1.4. North America Electric Vehicles (EVs) Market by Type
14.1.5. North America Electric Vehicles (EVs) Market by End User
14.1.6. North America Electric Vehicles (EVs) Market by Country
14.1.6.1. US
14.1.6.2. Canada
14.2. Latin America Electric Vehicles (EVs) Market Analysis and Forecast2019-2028
14.2.1. Regional Market Overview and Key Takeaways
14.2.2. Latin America Electric Vehicles (EVs) Market by Vehicle Type
14.2.3. Latin America Electric Vehicles (EVs) Market by Number of Wheels
14.2.4. Latin America Electric Vehicles (EVs) Market by Type
14.2.5. Latin America Electric Vehicles (EVs) Market by End User
14.2.6. Latin America Electric Vehicles (EVs) Market by Country
14.2.6.1. Brazil
14.2.6.2. Mexico
14.2.6.3. Rest of Latin America
14.3. Western Europe Electric Vehicles (EVs) Market Analysis and Forecast2019-2028
14.3.1. Regional Market Overview and Key Takeaways
14.3.2. Western Europe Electric Vehicles (EVs) Market by Vehicle Type
14.3.3. Western Europe Electric Vehicles (EVs) Market by Number of Wheels
14.3.4. Western Europe Electric Vehicles (EVs) Market by Type
14.3.5. Western Europe Electric Vehicles (EVs) Market by End User
14.3.6. Western Europe Electric Vehicles (EVs) Market by Country
14.3.6.1. Germany
14.3.6.2. UK
14.3.6.3. France
14.3.6.4. Spain
14.3.6.5. Italy
14.3.6.6. Benelux
14.3.6.7. Nordic
14.3.6.8. Rest of Western Europe
14.4. Eastern Europe Global Electric Vehicles (EVs) Market Analysis and Forecast2019-2028
14.4.1. Regional Market Overview and Key Takeaways
14.4.2. Eastern Europe Electric Vehicles (EVs) Market by Vehicle Type
14.4.3. Eastern Europe Electric Vehicles (EVs) Market by Number of Wheels
14.4.4. Eastern Europe Electric Vehicles (EVs) Market by Type
14.4.5. Eastern Europe Electric Vehicles (EVs) Market by End User
14.4.6. Eastern Europe Electric Vehicles (EVs) Market by Country
14.4.6.1. Russia
14.4.6.2. Poland
14.4.6.3. Rest of Eastern Europe
14.5. Asia Pacific Global Electric Vehicles (EVs) Market Analysis and Forecast2019-2028
14.5.1. Regional Market Overview and Key Takeaways
14.5.2. Asia Pacific Electric Vehicles (EVs) Market by Vehicle Type
14.5.3. Asia Pacific Electric Vehicles (EVs) Market by Number of Wheels
14.5.4. Asia Pacific Electric Vehicles (EVs) Market by Type
14.5.5. Asia Pacific Electric Vehicles (EVs) Market by End User
14.5.6. Asia Pacific Electric Vehicles (EVs) Market by Country
14.5.6.1. China
14.5.6.2. Japan
14.5.6.3. India
14.5.6.4. South Korea
14.5.6.5. Australia
14.5.6.6. ASEAN
14.5.6.7. Rest of Asia-Pacific
14.6. Middle East & Africa Global Electric Vehicles (EVs) Market Analysis and Forecast2019-2028
14.6.1. Regional Market Overview and Key Takeaways
14.6.2. Middle East & Africa Electric Vehicles (EVs) Market by Vehicle Type
14.6.3. Middle East & Africa Electric Vehicles (EVs) Market by Number of Wheels
14.6.4. Middle East & Africa Electric Vehicles (EVs) Market by Type
14.6.5. Middle East & Africa Electric Vehicles (EVs) Market by End User
14.6.6. Middle East & Africa Electric Vehicles (EVs) by Country
14.6.6.1. GCC
14.6.6.2. South Africa
14.6.6.3. Turkey
14.6.6.4. Rest of the Middle East & Africa
Chapter Fifteen: Competitive Landscape
15.1. Competition Dashboard
15.1.1. Global and Regional Market Share Analysis
15.1.2. Market Structure
15.2. Competitive Benchmarking
15.3. Key Startups in the Market
15.4. Key Strategy Analysis
15.5. Company Profiles
15.5.1. Tesla Inc.
15.5.1.1. Company Overview
15.5.1.2. Product/Service Offerings
15.5.1.3. Key Financials
15.5.1.4. Recent Developments
15.5.2. Volkswagen AG
15.5.2.1. Company Overview
15.5.2.2. Product/Service Offerings
15.5.2.3. Financials
15.5.2.4. Recent Developments
15.5.3. SAIC Motors
15.5.3.1. Company Overview
15.5.3.2. Product/Service Offerings
15.5.3.3. Financials
15.5.3.4. Recent Developments
15.5.4. BYD Auto Co. , Ltd.
15.5.4.1. Company Overview
15.5.4.2. Product/Service Offerings
15.5.4.3. Financials
15.5.4.4. Recent Developments
15.5.5. BMW Group
15.5.5.1. Company Overview
15.5.5.2. Product/Service Offerings
15.5.5.3. Financials
15.5.5.4. Recent Developments
15.5.6. Nissan Motor Co. , Ltd.
15.5.6.1. Company Overview
15.5.6.2. Product/Service Offerings
15.5.6.3. Financials
15.5.6.4. Recent Developments
15.5.7. Hyundai Group
15.5.7.1. Company Overview
15.5.7.2. Product/Service Offerings
15.5.7.3. Financials
15.5.7.4. Recent Developments
15.5.8. Toyota Motors Corp.
15.5.8.1. Company Overview
15.5.8.2. Product/Service Offerings
15.5.8.3. Financials
15.5.8.4. Recent Developments
15.5. 9. Renault Group
15.5. 9.1. Company Overview
15.5. 9.2. Product/Service Offerings
15.5. 9.3. Financials
15.5. 9.4. Recent Developments
15.5.10. GAC Motor
15.5.10.1. Company Overview
15.5.10.2. Product/Service Offerings
15.5.10.3. Financials
15.5.10.4. Recent Developments
15.5.11. Honda Motor Company, Ltd.
15.5.11.1. Company Overview
15.5.11.2. Product/Service Offerings
15.5.11.3. Financials
15.5.11.4. Recent Developments
15.5.12. Mahindra Electric Mobility Ltd.
15.5.12.1. Company Overview
15.5.12.2. Product/Service Offerings
15.5.12.3. Financials
15.5.12.4. Recent Developments
15.5.13. Daimler AG
15.5.13.1. Company Overview
15.5.13.2. Product/Service Offerings
15.5.13.3. Financials
15.5.13.4. Recent Developments
15.5.14. General Motors Company
15.5.14.1. Company Overview
15.5.14.2. Product/Service Offerings
15.5.14.3. Financials
15.5.14.4. Recent Developments
15.5.15. Geely (Zhejiang Geely Holding Group Co. , Ltd. )
15.5.15.1. Company Overview
15.5.15.2. Product/Service Offerings
15.5.15.3. Financials
15.5.15.4. Recent Developments
Chapter Sixteen: Disclaimer

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