Electric Vehicles and Fuel Cell Vehicles: Global Markets

Electric Vehicles and Fuel Cell Vehicles: Global Markets

Report Scope:

After decades of expensive development and false starts, the world is finally ready for EVs. In this report, the term “electric vehicles” includes commercial approaches such as pure battery-powered, plug-in hybrid, hybrid internal combustion/battery, and FCVs. In addition to cars and trucks, this report also considers motorcycles, e-scooters and buses.

This report discusses three future scenarios, that is, pessimistic, consensus, and optimistic; forecasts are provided for the consensus scenario. Power source (lithium-ion batteries and fuel cells) sales and values are provided. A patent analysis and discussion of power sources and vehicle components describe the areas in which research is being performed and emphasizes intellectual property issues.

The values are expressed in billions of dollars ($ billions), and shipments/volumes are expressed in thousands of units. Values are based on the equivalent of wholesale, or the price charged to the retailer before mark-up. However, advanced EVs are sold below the actual manufacturing cost. This may be due to regulatory compliance or the desire to establish a market before the economics of scale take hold. The cost to consumers may be reduced considerably when government subsidies or possible tax breaks are considered in the dealer price.

As defined by BCC Research for this report, EVs and FCVs include the following

BEV (Battery Electric Vehicle).

HEV (Hybrid Electric Vehicle).

PHEV (Plug-in Hybrid Electric Vehicle).

FCEV (Fuel Cell Electric Vehicle).

Specific types of vehicles using these batteries include

Passenger vehicles (sedans, microcars, SUVs, crossover SUVs, sports cars).

E-scooters (two-wheelers, motorcycles).

Buses.

Commercial/industrial vehicles (light duty trucks, pick-up truck, heavy duty trucks, vans, etc.)

Others (niche vehicles & low-velocity vehicles).

BCC Research analyzed each major EV technology, determined its current market status, examined its impact on future markets, and uses this analysis to present growth forecasts over the next five years. Technological issues, including the latest trends, are assessed and discussed, as are the industry’s current and likely regulatory environments.

BCC Research analyzed the industry worldwide regarding the manufacturing and deploying technologies or products. For the most relevant and available EVs, BCC Research examined the role of government both in regulating the industry and supporting electric vehicle & fuel cell vehicles through promotional incentives. The report discusses recent trends and sales and provides industry overviews and market assessments for leading EV technology. Estimated values used are based on manufacturers’ total revenues.

Regional and country-level markets are segmented and analyzed by configuration and application. The report also covers the impact of the COVID-19 pandemic. The market sizes and estimations are provided regarding revenue, with 2021 as the base year; market forecasts will be given for 2022 to 2027.

Report Includes

184 data tables and 47 additional tables

An up-to-date overview and analysis of the global and regional markets for electric vehicles (EVs) and fuel cell vehicles (FCVs) within the industry

Analyses of the global market trends, with market revenue (sales data) for 2021, estimates for 2022 and 2023, and projections of compound annual growth rates (CAGRs) through 2027

Estimation of the actual market size for electric vehicles and fuel cell vehicles in value and volumetric terms, revenue forecast, and corresponding market share analysis by vehicle type, configuration, power source and geographic region

Updated information about the industry standards, government and industry support, regulations, and other factors that will shape this market demand in the coming years (2022-2027)

Market outlook and market assessment for unit shipments of commercially viable EVs and summary of details of power sources that make these vehicles possible

Discussion of the industry value chain analysis providing a systematic study of the key intermediaries involved, which could further assist stakeholders in formulating appropriate strategies

In-depth information on increasing investments on R&D activities, key technology issues, industry specific challenges, major types of end-user markets, and COVID-19 implications on the progress of this market

Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues

Descriptive company profiles of the leading global players, including BMW AG, Ford Motor Co., Honda Motor Co. Ltd., Nissan Motor Co. Ltd., and Tesla Inc.Countries Covered

AB VOLVO

BMW AG

BYD CO. LTD.

CHRYSLER (SUBSIDIARY OF FIAT CHRYSLER AUTOMOBILES NV)

DAIMLER TRUCK AG. (MERCEDES-BENZ GROUP AG.)

FORD MOTOR CO.

GENERAL MOTORS CO. INC.

Honda Motor Co. Ltd.

HYUNDAI MOTOR CO.

KIA CORP.

MITSUBISHI MOTORS CORP.

Nissan Motor Co. Ltd.

PEUGEOT

PORSCHE

RENAULT GROUP

SAIC MOTOR CORP. LTD.

SUZUKI MOTOR CORP.

TESLA INC.

Toyota Motor Corp.

VOLKSWAGEN AG (AUDI)


Table of Contents Chapter 1 Introduction Study Goals and Objectives What's New in This Update? Reasons for Doing This Study Scope of Report Information Sources Intended Audience Methodology Geographic Breakdown Analyst's Credentials BCC Custom Research Related BCC Research Reports Chapter 2 Summary and Highlights Chapter 3 Market Overview Introduction Industry Structure: Market Trends Pollution Abatement Battery Developments Battery End-Life Usage Lithium-ion Battery Stability Issues Indirect Incentives CAFE and Other Fuel Efficiency Standards Carbon Taxes Federal and State Fuel Taxes Electric Utility Efficiency Government Subsidies and Incentives U.S. India Europe Pricing Analysis Global Market Dynamics Global Market Drivers Global Market Restraints Opportunities in the Global Market Challenges in the Global Market Impact of COVID-19 on the Global Market for Electric Vehicles and Fuel Cell Vehicles COVID-19 Impact on Vehicle Types Value Chain Analysis Raw Materials (Metals, resins, glass, etc.) Subcomponents OEM Components OEMs Vehicle Assembly Distribution & Aftermarket Porter's Five Forces Analysis Threat of New Entries Buyer Power Supplier Power Competitive Rivalry Threat of Substitutes Patent Analysis Overview Select Approved Patents Chapter 4 Market Breakdown by Configuration Overview Battery Electric Vehicle (BEV) Market Drivers for Pure Electric Vehicles Key Components of Battery Electric Vehicle (BEV) Hybrid Electric Vehicle (HEV) Market Drivers for Hybrid Electric Vehicles Operation of Hybrid Electric Vehicles Key Components of a Hybrid Electric Vehicle (HEV) Plug-In Hybrid Electric Vehicle (PHEV) Operation of Plug-In Hybrid Electric Vehicles Market Drivers for Plug-In Hybrid Electric Vehicle Key Components of a Plug-In Hybrid Electric Car (PHEV) Fuel Cell Electric Vehicle (FCEV) Market Drivers for Fuel Cell Electric Vehicles Key Components of a Fuel Cell Electric Vehicle (FCEV) Chapter 5 Market Breakdown by Vehicle Type Overview Passenger Cars Passenger Vehicle Market Summary Buses Electric Bus Companies Electric Bus Market Summary Commercial/industrial EVs Commercial/Industrial EV Companies Commercial/Industrial EVs Market Summary Scooters Scooter Companies Electric Scooter Market Summary Others (Low-Velocity and Niche) Low-Velocity Vehicles Niche Electric Vehicles Chapter 6 Market Breakdown by Power Source Overview Types of Power Sources Lithium-Ion Batteries Lithium Battery Chemistry Construction of Lithium-Ion Batteries A Thorough Method for Recycling Lithium-Ion Batteries Used in Electric Vehicles Lithium-Ion Battery Manufacturers Nickel-Metal Hydride Batteries Recycling Nickel-Metal Hydride Batteries Consumer Electronics Electric Vehicles Lead-Acid Batteries Recycling of Lead-Acid Batteries Fuel Cells Benefits of the Fuel Cell Solution Chapter 7 Market Breakdown by Region Overview North America U.S. Canada Mexico Europe Germany Norway U.K. France Netherlands Rest of Europe Asia-Pacific China Japan South Korea India Rest of Asia-Pacific South America Brazil Argentina Rest of South America The Middle East and Africa South Africa Rest of Middle East and Africa Chapter 8 Competitive Landscape Overview Component Manufacturers OEMs (Original Equipment Manufacturers) Market Share Analysis Hybrid, Plug-in Hybrid, and Electric Vehicles Company Market Share Automotive Lithium-Ion Battery Companies Market Share Market Strategy Analysis for Electric Vehicles Key Market Developments Contracts and Agreements Manufacturing Plant Expansion Mergers and Acquisitions Innovations Ongoing in the Electric Vehicles Market Vehicle to Grid (V2G) Wireless Electric Vehicle Charging Charging of Mobile Devices Lightning-Fast Charging Advancements in Battery Technology Innovations in Battery Technologies Lithium-Ion Batteries Batteries with Solid State Technology Aluminum-Ion Rechargeable Batteries Batteries Made of Lithium-Sulfur Batteries Made of Metal and Air Other EV Players Chapter 9 Company Profiles AB VOLVO BMW AG BYD CO. LTD. CHRYSLER (SUBSIDIARY OF FIAT CHRYSLER AUTOMOBILES NV) DAIMLER TRUCK AG. (MERCEDES-BENZ GROUP AG.) FORD MOTOR CO. GENERAL MOTORS CO. INC. HONDA MOTOR CO. LTD. HYUNDAI MOTOR CO. KIA CORP. MITSUBISHI MOTORS CORP. NISSAN MOTOR CO. LTD. PEUGEOT PORSCHE RENAULT GROUP SAIC MOTOR CORP. LTD. SUZUKI MOTOR CORP. TESLA INC. TOYOTA MOTOR CORP. VOLKSWAGEN AG (AUDI) Chapter 10 Appendix: Acronyms Acronyms Used in This Report

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