Electric Vehicle Market Surges At a CAGR of 15.3% | Emerging Trend in Zero-Emission Mobility Accelerates Worldwide 2025-2031

Market Summary -

The global market for Electric Vehicle was estimated to be worth US$ 544.65 billion in 2024 and is forecast to a readjusted size of US$ 1665.5 billion by 2031 with a CAGR of 15.3% during the forecast period 2025-2031.

Accourding to QY Research has released a new publication titled "Global Electric Vehicle Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This comprehensive study provides an in-depth evaluation of the worldwide Electric Vehicle industry, uncovering the major forces influencing market growth and delivering high-value insights for investors, industry leaders, and strategic decision-makers. The report examines critical elements such as market dynamics, evolving technologies, segmentation trends, regional developments, and the competitive landscape. With data backed by rigorous research and expert interpretation, it offers an authoritative guide to understanding the macroeconomic and microeconomic factors reshaping the global market.

Get Full PDF Sample Copy of the Report: (Including Full TOC, Tables & Charts): https://qyresearch.in/request-sample/automobile-transportation-electric-vehicle-market-share-and-ranking-overall-sales-and-demand-forecast-2025-2031

This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Electric Vehicle cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

An electric vehicle (EV) is a type of automobile that uses one or more electric motors powered by energy stored in rechargeable batteries. Unlike traditional internal combustion engine vehicles, EVs do not rely on gasoline or diesel for propulsion, and they produce no tailpipe emissions. EVs include battery electric vehicles (BEVs), which operate solely on electricity, and plug-in hybrid electric vehicles (PHEVs), which combine an electric drivetrain with a backup internal combustion engine. Electric vehicles are known for their high energy efficiency, low operational cost, and reduced environmental impact.

Recent Developments -

The authors of the report have put forward recent developments by key participants. Other strategic activities by manufacturers such as M&A, joint ventures, collaborations, innovation, product offerings, and research and development activities are highlighted in this research study. This will keep the users up-to-date about the undertakings and give the users a crystal-clear understanding of the key advancements emerging in the business.

What is Driving the Electric Vehicle Market ?

The electric vehicle market is evolving rapidly, driven by advancements in battery technology, changing consumer preferences, and increasing environmental demands. As EVs become more practical in terms of range, performance, and cost, their acceptance among private and commercial users continues to grow. Charging infrastructure is expanding in urban and rural areas alike, improving accessibility and removing a key barrier to adoption.

In China, EVs are gaining strong traction across personal, public, and logistics transportation. Local governments have implemented incentives such as registration priority, purchase subsidies, and road access benefits to encourage adoption. At the same time, automakers are accelerating innovation to enhance driving experience, increase efficiency, and expand vehicle choices. The market is gradually transitioning from being policy-driven to competition-driven, where quality, reliability, and user experience are becoming the key factors influencing consumer decisions.

Market Segmentation and Regional -

By Type

PHEV
BEV

By Application

Home Use
Commercial Use

Regional Analysis -

✔ North America (U.S., Canada, China)
✔ Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
✔ Asia-Pacific (Japan, South Korea, China Taiwan, Southeast Asia, India)
✔ Middle East, Africa, Latin America (Brazil, Mexico, Turkey, Israel, GCC Countries)

The analysis spans from 2024 (base year) to 2031 (forecast period).

Major Company Included: -

Tesla
BYD
Volkswagen
BMW
Mercedes-Benz
Stellantis
SAIC
VOLVO
Hyundai & Kia
Renault
GEELY
GAC Motor
NIO
ONE
Ford
XPeng
Chery
TOYOTA
Leapmotor
Great Wall Motors
Nissan
Seres Auto
AION

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Why should you purchase this report?

Purchasing this report provides you with a comprehensive and data-driven understanding of the market landscape, enabling informed business decisions and strategic planning. The report comes with free customization based on client requirements, including a country-level breakdown of any five countries of your choice and a competitive analysis of segment revenue by key market players. With detailed insights into market trends, growth drivers, challenges, competitive dynamics, and emerging opportunities, this report equips stakeholders, manufacturers, and investors with actionable intelligence to identify profitable prospects, optimize operations, and maintain a competitive edge in the industry.

How Can the Research Study Help your Business?

✔ The information presented in the Electric Vehicle report helps your decision makers to become prudent and make the best business choices.
✔ The report enables you to see the future of the global Electric Vehicle market and accordingly take decisions that will be in the best interest of your business.
✔ It offers you a forward-looking perspective of the global Electric Vehicle market drivers and how you can secure significant market gains in the near future.
✔ It provides SWOT analysis of the global Electric Vehicle market along with useful graphics and detailed statistics providing quick information about the market's overall progress throughout the forecast period.
✔ It also assesses the changing competitive dynamics of the global Electric Vehicle market using pin-point evaluation.

Key Questions Answered in the Report -

✔ What is the size and estimated growth rate of the global and regional Electric Vehicle market?
✔ Which countries are expected to display the strongest growth?
✔ Which region will dominate the market throughout the forecast period?
✔ What are the main factors driving or restraining market expansion?
✔ What technological advancements are shaping future demand?
✔ Where are the key opportunities for new entrants and established players?
✔ Which companies currently hold the highest market share?
✔ How will market dynamics evolve from 2025 to 2031?

Table of Contents - Major Key Points:

1 Market Overview
1.1 Electric Vehicle Product Introduction
1.2 Global Electric Vehicle Market Size Forecast
1.2.1 Global Electric Vehicle Sales Value (2020-2031)
1.2.2 Global Electric Vehicle Sales Volume (2020-2031)
1.2.3 Global Electric Vehicle Sales Price (2020-2031)
1.3 Electric Vehicle Market Trends & Drivers
1.3.1 Electric Vehicle Industry Trends
1.3.2 Electric Vehicle Market Drivers & Opportunity
1.3.3 Electric Vehicle Market Challenges
1.3.4 Electric Vehicle Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Electric Vehicle Players Revenue Ranking (2024)
2.2 Global Electric Vehicle Revenue by Company (2020-2025)
2.3 Global Electric Vehicle Players Sales Volume Ranking (2024)
2.4 Global Electric Vehicle Sales Volume by Company Players (2020-2025)
2.5 Global Electric Vehicle Average Price by Company (2020-2025)
2.6 Key Manufacturers Electric Vehicle Manufacturing Base and Headquarters
2.7 Key Manufacturers Electric Vehicle Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Electric Vehicle
2.9 Electric Vehicle Market Competitive Analysis
2.9.1 Electric Vehicle Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Electric Vehicle Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Electric Vehicle as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 PHEV
3.1.2 BEV
3.2 Global Electric Vehicle Sales Value by Type
3.2.1 Global Electric Vehicle Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Electric Vehicle Sales Value, by Type (2020-2031)
3.2.3 Global Electric Vehicle Sales Value, by Type (%) (2020-2031)
3.3 Global Electric Vehicle Sales Volume by Type
3.3.1 Global Electric Vehicle Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Electric Vehicle Sales Volume, by Type (2020-2031)
3.3.3 Global Electric Vehicle Sales Volume, by Type (%) (2020-2031)
3.4 Global Electric Vehicle Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Home Use
4.1.2 Commercial Use
4.2 Global Electric Vehicle Sales Value by Application
4.2.1 Global Electric Vehicle Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Electric Vehicle Sales Value, by Application (2020-2031)
4.2.3 Global Electric Vehicle Sales Value, by Application (%) (2020-2031)
4.3 Global Electric Vehicle Sales Volume by Application
4.3.1 Global Electric Vehicle Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Electric Vehicle Sales Volume, by Application (2020-2031)
4.3.3 Global Electric Vehicle Sales Volume, by Application (%) (2020-2031)
4.4 Global Electric Vehicle Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Electric Vehicle Sales Value by Region
5.1.1 Global Electric Vehicle Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Electric Vehicle Sales Value by Region (2020-2025)
5.1.3 Global Electric Vehicle Sales Value by Region (2026-2031)
5.1.4 Global Electric Vehicle Sales Value by Region (%), (2020-2031)
5.2 Global Electric Vehicle Sales Volume by Region
5.2.1 Global Electric Vehicle Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Electric Vehicle Sales Volume by Region (2020-2025)
5.2.3 Global Electric Vehicle Sales Volume by Region (2026-2031)
5.2.4 Global Electric Vehicle Sales Volume by Region (%), (2020-2031)
5.3 Global Electric Vehicle Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Electric Vehicle Sales Value, 2020-2031
5.4.2 North America Electric Vehicle Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Electric Vehicle Sales Value, 2020-2031
5.5.2 Europe Electric Vehicle Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Electric Vehicle Sales Value, 2020-2031
5.6.2 Asia Pacific Electric Vehicle Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Electric Vehicle Sales Value, 2020-2031
5.7.2 South America Electric Vehicle Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Electric Vehicle Sales Value, 2020-2031
5.8.2 Middle East & Africa Electric Vehicle Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Electric Vehicle Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Electric Vehicle Sales Value and Sales Volume
6.2.1 Key Countries/Regions Electric Vehicle Sales Value, 2020-2031
6.2.2 Key Countries/Regions Electric Vehicle Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Electric Vehicle Sales Value, 2020-2031
6.3.2 United States Electric Vehicle Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Electric Vehicle Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Electric Vehicle Sales Value, 2020-2031
6.4.2 Europe Electric Vehicle Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Electric Vehicle Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Electric Vehicle Sales Value, 2020-2031
6.5.2 China Electric Vehicle Sales Value by Type (%), 2024 VS 2031
6.5.3 China Electric Vehicle Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Electric Vehicle Sales Value, 2020-2031
6.6.2 Japan Electric Vehicle Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Electric Vehicle Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Electric Vehicle Sales Value, 2020-2031
6.7.2 South Korea Electric Vehicle Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Electric Vehicle Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Electric Vehicle Sales Value, 2020-2031
6.8.2 Southeast Asia Electric Vehicle Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Electric Vehicle Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Electric Vehicle Sales Value, 2020-2031
6.9.2 India Electric Vehicle Sales Value by Type (%), 2024 VS 2031
6.9.3 India Electric Vehicle Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Tesla
7.1.1 Tesla Company Information
7.1.2 Tesla Introduction and Business Overview
7.1.3 Tesla Electric Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Tesla Electric Vehicle Product Offerings
7.1.5 Tesla Recent Development
7.2 BYD
7.2.1 BYD Company Information
7.2.2 BYD Introduction and Business Overview
7.2.3 BYD Electric Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 BYD Electric Vehicle Product Offerings
7.2.5 BYD Recent Development
7.3 Volkswagen
7.3.1 Volkswagen Company Information
7.3.2 Volkswagen Introduction and Business Overview
7.3.3 Volkswagen Electric Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Volkswagen Electric Vehicle Product Offerings
7.3.5 Volkswagen Recent Development
7.4 BMW
7.4.1 BMW Company Information
7.4.2 BMW Introduction and Business Overview
7.4.3 BMW Electric Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 BMW Electric Vehicle Product Offerings
7.4.5 BMW Recent Development
7.5 Mercedes-Benz
7.5.1 Mercedes-Benz Company Information
7.5.2 Mercedes-Benz Introduction and Business Overview
7.5.3 Mercedes-Benz Electric Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Mercedes-Benz Electric Vehicle Product Offerings
7.5.5 Mercedes-Benz Recent Development
7.6 Stellantis
7.6.1 Stellantis Company Information
7.6.2 Stellantis Introduction and Business Overview
7.6.3 Stellantis Electric Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Stellantis Electric Vehicle Product Offerings
7.6.5 Stellantis Recent Development
7.7 SAIC
7.7.1 SAIC Company Information
7.7.2 SAIC Introduction and Business Overview
7.7.3 SAIC Electric Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 SAIC Electric Vehicle Product Offerings
7.7.5 SAIC Recent Development
7.8 VOLVO
7.8.1 VOLVO Company Information
7.8.2 VOLVO Introduction and Business Overview
7.8.3 VOLVO Electric Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 VOLVO Electric Vehicle Product Offerings
7.8.5 VOLVO Recent Development
7.9 Hyundai & Kia
7.9.1 Hyundai & Kia Company Information
7.9.2 Hyundai & Kia Introduction and Business Overview
7.9.3 Hyundai & Kia Electric Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Hyundai & Kia Electric Vehicle Product Offerings
7.9.5 Hyundai & Kia Recent Development
7.10 Renault
7.10.1 Renault Company Information
7.10.2 Renault Introduction and Business Overview
7.10.3 Renault Electric Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Renault Electric Vehicle Product Offerings
7.10.5 Renault Recent Development
7.11 GEELY
7.11.1 GEELY Company Information
7.11.2 GEELY Introduction and Business Overview
7.11.3 GEELY Electric Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 GEELY Electric Vehicle Product Offerings
7.11.5 GEELY Recent Development
7.12 GAC Motor
7.12.1 GAC Motor Company Information
7.12.2 GAC Motor Introduction and Business Overview
7.12.3 GAC Motor Electric Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 GAC Motor Electric Vehicle Product Offerings
7.12.5 GAC Motor Recent Development
7.13 NIO
7.13.1 NIO Company Information
7.13.2 NIO Introduction and Business Overview
7.13.3 NIO Electric Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 NIO Electric Vehicle Product Offerings
7.13.5 NIO Recent Development
7.14 ONE
7.14.1 ONE Company Information
7.14.2 ONE Introduction and Business Overview
7.14.3 ONE Electric Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 ONE Electric Vehicle Product Offerings
7.14.5 ONE Recent Development
7.15 Ford
7.15.1 Ford Company Information
7.15.2 Ford Introduction and Business Overview
7.15.3 Ford Electric Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 Ford Electric Vehicle Product Offerings
7.15.5 Ford Recent Development
7.16 XPeng
7.16.1 XPeng Company Information
7.16.2 XPeng Introduction and Business Overview
7.16.3 XPeng Electric Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 XPeng Electric Vehicle Product Offerings
7.16.5 XPeng Recent Development
7.17 Chery
7.17.1 Chery Company Information
7.17.2 Chery Introduction and Business Overview
7.17.3 Chery Electric Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
7.17.4 Chery Electric Vehicle Product Offerings
7.17.5 Chery Recent Development
7.18 TOYOTA
7.18.1 TOYOTA Company Information
7.18.2 TOYOTA Introduction and Business Overview
7.18.3 TOYOTA Electric Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
7.18.4 TOYOTA Electric Vehicle Product Offerings
7.18.5 TOYOTA Recent Development
7.19 Leapmotor
7.19.1 Leapmotor Company Information
7.19.2 Leapmotor Introduction and Business Overview
7.19.3 Leapmotor Electric Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
7.19.4 Leapmotor Electric Vehicle Product Offerings
7.19.5 Leapmotor Recent Development
7.20 Great Wall Motors
7.20.1 Great Wall Motors Company Information
7.20.2 Great Wall Motors Introduction and Business Overview
7.20.3 Great Wall Motors Electric Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
7.20.4 Great Wall Motors Electric Vehicle Product Offerings
7.20.5 Great Wall Motors Recent Development
7.21 Nissan
7.21.1 Nissan Company Information
7.21.2 Nissan Introduction and Business Overview
7.21.3 Nissan Electric Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
7.21.4 Nissan Electric Vehicle Product Offerings
7.21.5 Nissan Recent Development
7.22 Seres Auto
7.22.1 Seres Auto Company Information
7.22.2 Seres Auto Introduction and Business Overview
7.22.3 Seres Auto Electric Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
7.22.4 Seres Auto Electric Vehicle Product Offerings
7.22.5 Seres Auto Recent Development
7.23 AION
7.23.1 AION Company Information
7.23.2 AION Introduction and Business Overview
7.23.3 AION Electric Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
7.23.4 AION Electric Vehicle Product Offerings
7.23.5 AION Recent Development
8 Industry Chain Analysis
8.1 Electric Vehicle Industrial Chain
8.2 Electric Vehicle Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Electric Vehicle Sales Model
8.5.2 Sales Channel
8.5.3 Electric Vehicle Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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