Electric Vehicle (EV) Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, Japan, Norway, Germany - Size and Forecast 2024-2028

Published: Mar 2024 Pages: 169 SKU: IRTNTR70839

Electric Vehicle (EV) Market Forecast 2024-2028 

The electric vehicle (EV) market size is forecast to increase by USD 343.01 billion at a CAGR of 13.51% between 2023 and 2028. The market is expanding due to a growing demand for low-emission vehicles, driven by stringent regulations and declining prices of lithium-ion batteries. The increasing interest in eco-friendly vehicles and regulatory compliance are key drivers of market growth. Additionally, reduced battery costs further support the market expansion. These factors collectively contribute to the adoption of sustainable transportation solutions, reshaping the landscape of the automotive industry. The report provides market size, historical data spanning from 2018-2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.

What will be the Size of the Market During the Forecast Period?

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Market Dynamics and Customer Landscape

The market is experiencing rapid growth with increasing new car registrations driven by zero-emission targets and the decarbonization challenge. Governments worldwide are implementing CO2 emission standards and offering stimulus measures, tax benefits, and subsidies to boost adoption. Investments in public transportation and EV charging infrastructure are expanding, with advancements like smart charging and vehicle-to-grid (V2G) technology. Key players are focusing on enhancing automotive lithium-ion batteries for battery electric vehicles (BEV), plug-in hybrid electric vehicles (PHEV), and hybrid electric vehicles (HEV), improving battery production and energy density while optimizing battery chemistry to reduce GHG emissions and combat climate change. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The market growth is significantly driven by stringent rules and regulations on vehicles, particularly concerning emissions. There is a notable trend towards tightening emission regulations at both city and national levels, with various countries enacting rules to monitor vehicle emissions. Regional regulations vary based on governmental policies and existing regulations, with many countries adopting previous versions of European or United Nations Economic Commission for Europe mobile source emission regulations.

Furthermore, some nations have implemented more advanced regulations based on recent revisions in the US and Europe. For example, Norway, a leader in adopting Electric Vehicles (EVs), aims to have Battery Electric Vehicles (BEVs) constitute 100% of its new car sales by 2025. Similarly, countries like California, France, and the UK have announced plans to end sales of combustion engine-based vehicles by 2040. While these regulations pose challenges, they also present new opportunities for electric vehicle market players. Thus, these factors are driving market growth during the forecast period, with a focus on zero-emission targets and decarbonization.

Significant Market Trends

Charging stations powered by renewable energy is an emerging trend in the market. As the world shifts toward sustainable and energy-efficient modes of transport, EVs are slowly becoming popular. With more electric car fleet operators opting for the electrification of vehicles and more consumers owning EVs, the demand for electricity will significantly rise. Hence, with the growing demand for electricity, utility companies are expected to shift to an alternative source of electricity. A cost-efficient and practical solution to address the growing electricity demands is to use renewable energy as an alternative.

Furthermore, the growing adoption of renewable energy will further propel the global EV market as the burden on the power grid will be lesser. Consequently, the use of renewable energy to power the EV charging stations is expected to reduce the burden of electricity generation from the power grid and make the electrification technology more environmentally friendly. Charging stations powered through solar panels is one such trend, which can be witnessed in the market in focus. Therefore, such factors will fuel the market growth during the forecast period. 

Major Market Challenge

The high manufacturing cost of EVs is a major challenge impeding market expansion. The cost of manufacturing EVs is higher than gas-powered vehicles, which is a big hindrance to the growth of the global electric vehicle market. The high cost of production restricts automakers from manufacturing more units of EVs. Furthermore, the high price of EVs makes them less affordable for many consumers, especially in countries with low economic growth.

Furthermore, the lack of awareness among consumers about various incentives provided by the government adds to the anxiety in consumers about buying EVs. The cost factor remains a significant concern and an important factor for consumers while buying vehicles. Hence, the high cost of EVs is potentially a challenge to the growth of the market during the forecast period. 

Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Bayerische Motoren Werke AG: The company offers electric vehicles such as BMW i4 upto 307 miles range, BMW i5 upto 295 miles range, BMW iX upto 311 miles range and BMW i7 upto 321 miles range.

The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • BYD Co. Ltd.
  • Chery Automobile Co. Ltd.
  • Chongqing Changan Automobile Co. Ltd.
  • Dongfeng Motor Group Co. Ltd.
  • Ford Motor Co.
  • Geely Auto International Corporation
  • General Motors Co.
  • Guangzhou Automobile Group Co. Ltd.
  • Honda Motor Co. Ltd.
  • Hyundai Motor Co.
  • Mahindra and Mahindra Ltd.
  • Mercedes Benz Group AG
  • Nissan Motor Co. Ltd.
  • Renault SAS
  • SAIC Motor Corp. Ltd.
  • Stellantis NV
  • Tesla Inc.
  • Toyota Motor Corp.
  • Volkswagen AG

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Largest-Growing Segments in the Market?

The BEV segment is estimated to witness significant growth during the forecast period. A battery electric vehicle (BEV) is an EV powered by a battery. Unlike the PHEV model, the only source of propulsion is the battery, which generates the power required by the vehicle. Instead of a fuel tank, a large battery is used to store the required energy to run the electric motor.

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The BEV segment was the largest segment and was valued at USD 152.02 million in 2018 A BEV is a 100% pure EV. Some of the most popular models of BEV available in the market as of 2019 are Tesla Model 3, Nissan LEAF, and Renault ZOE. Some of the benefits of using BEVs are from the market players' point of view, BEV is one of the most manufactured vehicle types due to its ease of manufacturing. Thus, such factors will drive market growth through this segment during the forecast period. 

Which are the Key Regions for the Market?

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APAC is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. From the automotive industry's point of view, APAC is the most diverse region in the world. It is a major producer as well as consumer of vehicles, with many major vehicle manufacturers, such as BYD, Mahindra, and Nissan, based out in the region. Japan, South Korea, Singapore, Indonesia, Thailand, Malaysia, and the Philippines remain the key markets, with China leading in the EV adoption rate. 

Furthermore, various countries in APAC are facing major challenges, such as traffic congestion and deteriorating urban air quality. With the growing urbanization, mobility needs are also rising, which, in turn, is increasing the demand for conventional fuel significantly. Increased import bills of oil and gas have shifted the attention of various governments in the region toward more sustainable and low-emission vehicles such as EVs. EVs enable countries in the region to alleviate mobility issues and also help governments reach emission targets and reduce dependence on oil and gas imports. Therefore, factors like these will fuel the regional market during the forecast period. 

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Type Outlook
    • BEV
    • PHEV
  • Charging Outlook
    • Normal charging
    • Supercharging
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview:

The EV market is experiencing significant growth with increasing new car registrations and rising global EV sales. As the electric vehicle industry expands, governments worldwide are setting ambitious zero-emission targets to address the decarbonization challenge and meet CO2 emission standards. Stimulus measures, including tax benefits and subsidies, encourage the adoption of electric cars across various segments, including passenger cars, public transportation, and E-scooters. The market encompasses a wide range of vehicles, including light commercial vehicles (LCV), heavy-duty trucks, and buses, supported by a growing EV charging infrastructure with public charging points and smart charging solutions.

Furthermore, EV parts like automotive lithium-ion batteries drive EV battery demand, emphasizing battery production and battery chemistry innovations for improved energy density and battery packs. With a focus on reducing GHG emissions and combatting climate change and air pollution, the EV market is poised for continued growth and development. Further, the EV sector is rapidly evolving with increasing electric vehicle sales and the expansion of the electric car industry. With a focus on reducing CO2 emissions and promoting sustainability, governments, particularly in European governments, are driving initiatives to electrify the transportation industry. This includes the adoption of electric two-wheelers and three-wheelers alongside the development of EV chargers and charging technologies.

Additionally, the market encompasses a variety of vehicles, including battery electric vehicles (BEV), plug-in hybrid electric vehicles (PHEV), hybrid electric vehicles (HEV), and FCEVs supported by robust EV manufacturing plants and manufacturing process ecosystem and EV battery supply chain. Raw materials such as nickel are crucial for battery production, emphasizing the importance of sustainable sourcing and smart energy management solutions to minimize electricity consumption and reduce the carbon footprint. Additionally, the shift away from internal combustion engine (ICE) cars towards EVs is driving the development of EV fast charging infrastructure and advancements in solid-state batteries and fuel cell technology, signaling a transformative era in the automotive industry.

Market Scope

Report Coverage

Details

Page number

169

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 13.51%

Market Growth 2024-2028

USD 343.01 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

12.72

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 47%

Key countries

US, China, Japan, Norway, and Germany

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Bayerische Motoren Werke AG, BYD Co. Ltd., Chery Automobile Co. Ltd., Chongqing Changan Automobile Co. Ltd., Dongfeng Motor Group Co. Ltd., Ford Motor Co., Geely Auto International Corporation, General Motors Co., Guangzhou Automobile Group Co. Ltd., Honda Motor Co. Ltd., Hyundai Motor Co., Mahindra and Mahindra Ltd., Mercedes Benz Group AG, Nissan Motor Co. Ltd., Renault SAS, SAIC Motor Corp. Ltd., Stellantis NV, Tesla Inc., Toyota Motor Corp., and Volkswagen AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. 

Customization purview

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
  • Precise estimation of the market  size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
  • Growth of the market across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Charging
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global electric vehicle (EV) market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global electric vehicle (ev) market 2018 - 2022 ($ million)
    • 4.2 Type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ million)
    • 4.3 Charging Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Charging Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 BEV - Market size and forecast 2023-2028
      • Exhibit 34: Chart on BEV - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on BEV - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on BEV - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on BEV - Year-over-year growth 2023-2028 (%)
    • 6.4 PHEV - Market size and forecast 2023-2028
      • Exhibit 38: Chart on PHEV - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on PHEV - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on PHEV - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on PHEV - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ billion)
      • Exhibit 43: Data Table on Market opportunity by Type ($ billion)

    7 Market Segmentation by Charging

    • 7.1 Market segments
      • Exhibit 44: Chart on Charging - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on Charging - Market share 2023-2028 (%)
    • 7.2 Comparison by Charging
      • Exhibit 46: Chart on Comparison by Charging
      • Exhibit 47: Data Table on Comparison by Charging
    • 7.3 Normal charging - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Normal charging - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 49: Data Table on Normal charging - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 50: Chart on Normal charging - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Normal charging - Year-over-year growth 2023-2028 (%)
    • 7.4 Super charging - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Super charging - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Super charging - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Super charging - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Super charging - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Charging
      • Exhibit 56: Market opportunity by Charging ($ billion)
      • Exhibit 57: Data Table on Market opportunity by Charging ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 59: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 60: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 61: Chart on Geographic comparison
      • Exhibit 62: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 63: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 64: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 66: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 67: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 68: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 North America - Market size and forecast 2023-2028
      • Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 83: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 US - Market size and forecast 2023-2028
      • Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.10 Norway - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Norway - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on Norway - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on Norway - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Norway - Year-over-year growth 2023-2028 (%)
    • 9.11 Japan - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.12 Germany - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 103: Market opportunity by geography ($ billion)
      • Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 12.3 Bayerische Motoren Werke AG
              • Exhibit 111: Bayerische Motoren Werke AG - Overview
              • Exhibit 112: Bayerische Motoren Werke AG - Business segments
              • Exhibit 113: Bayerische Motoren Werke AG - Key news
              • Exhibit 114: Bayerische Motoren Werke AG - Key offerings
              • Exhibit 115: Bayerische Motoren Werke AG - Segment focus
            • 12.4 BYD Co. Ltd.
              • Exhibit 116: BYD Co. Ltd. - Overview
              • Exhibit 117: BYD Co. Ltd. - Business segments
              • Exhibit 118: BYD Co. Ltd. - Key offerings
              • Exhibit 119: BYD Co. Ltd. - Segment focus
            • 12.5 Chery Automobile Co. Ltd.
              • Exhibit 120: Chery Automobile Co. Ltd. - Overview
              • Exhibit 121: Chery Automobile Co. Ltd. - Product / Service
              • Exhibit 122: Chery Automobile Co. Ltd. - Key offerings
            • 12.6 Ford Motor Co.
              • Exhibit 123: Ford Motor Co. - Overview
              • Exhibit 124: Ford Motor Co. - Business segments
              • Exhibit 125: Ford Motor Co. - Key offerings
              • Exhibit 126: Ford Motor Co. - Segment focus
            • 12.7 Geely Auto International Corporation
              • Exhibit 127: Geely Auto International Corporation - Overview
              • Exhibit 128: Geely Auto International Corporation - Product / Service
              • Exhibit 129: Geely Auto International Corporation - Key offerings
            • 12.8 General Motors Co.
              • Exhibit 130: General Motors Co. - Overview
              • Exhibit 131: General Motors Co. - Business segments
              • Exhibit 132: General Motors Co. - Key news
              • Exhibit 133: General Motors Co. - Key offerings
              • Exhibit 134: General Motors Co. - Segment focus
            • 12.9 Honda Motor Co. Ltd.
              • Exhibit 135: Honda Motor Co. Ltd. - Overview
              • Exhibit 136: Honda Motor Co. Ltd. - Business segments
              • Exhibit 137: Honda Motor Co. Ltd. - Key news
              • Exhibit 138: Honda Motor Co. Ltd. - Key offerings
              • Exhibit 139: Honda Motor Co. Ltd. - Segment focus
            • 12.10 Mercedes Benz Group AG
              • Exhibit 140: Mercedes Benz Group AG - Overview
              • Exhibit 141: Mercedes Benz Group AG - Business segments
              • Exhibit 142: Mercedes Benz Group AG - Key news
              • Exhibit 143: Mercedes Benz Group AG - Key offerings
              • Exhibit 144: Mercedes Benz Group AG - Segment focus
            • 12.11 Nissan Motor Co. Ltd.
              • Exhibit 145: Nissan Motor Co. Ltd. - Overview
              • Exhibit 146: Nissan Motor Co. Ltd. - Business segments
              • Exhibit 147: Nissan Motor Co. Ltd. - Key news
              • Exhibit 148: Nissan Motor Co. Ltd. - Key offerings
              • Exhibit 149: Nissan Motor Co. Ltd. - Segment focus
            • 12.12 Renault SAS
              • Exhibit 150: Renault SAS - Overview
              • Exhibit 151: Renault SAS - Product / Service
              • Exhibit 152: Renault SAS - Key news
              • Exhibit 153: Renault SAS - Key offerings
            • 12.13 SAIC Motor Corp. Ltd.
              • Exhibit 154: SAIC Motor Corp. Ltd. - Overview
              • Exhibit 155: SAIC Motor Corp. Ltd. - Business segments
              • Exhibit 156: SAIC Motor Corp. Ltd. - Key news
              • Exhibit 157: SAIC Motor Corp. Ltd. - Key offerings
              • Exhibit 158: SAIC Motor Corp. Ltd. - Segment focus
            • 12.14 Stellantis NV
              • Exhibit 159: Stellantis NV - Overview
              • Exhibit 160: Stellantis NV - Business segments
              • Exhibit 161: Stellantis NV - Key news
              • Exhibit 162: Stellantis NV - Key offerings
              • Exhibit 163: Stellantis NV - Segment focus
            • 12.15 Tesla Inc.
              • Exhibit 164: Tesla Inc. - Overview
              • Exhibit 165: Tesla Inc. - Business segments
              • Exhibit 166: Tesla Inc. - Key news
              • Exhibit 167: Tesla Inc. - Key offerings
              • Exhibit 168: Tesla Inc. - Segment focus
            • 12.16 Toyota Motor Corp.
              • Exhibit 169: Toyota Motor Corp. - Overview
              • Exhibit 170: Toyota Motor Corp. - Business segments
              • Exhibit 171: Toyota Motor Corp. - Key offerings
              • Exhibit 172: Toyota Motor Corp. - Segment focus
            • 12.17 Volkswagen AG
              • Exhibit 173: Volkswagen AG - Overview
              • Exhibit 174: Volkswagen AG - Business segments
              • Exhibit 175: Volkswagen AG - Key news
              • Exhibit 176: Volkswagen AG - Key offerings
              • Exhibit 177: Volkswagen AG - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 178: Inclusions checklist
                • Exhibit 179: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 180: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 181: Research methodology
                • Exhibit 182: Validation techniques employed for market sizing
                • Exhibit 183: Information sources
              • 13.5 List of abbreviations
                • Exhibit 184: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              electric vehicle (ev) market market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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