The global electric vehicle (EV) market is projected to reach USD 987.36 billion by 2033, up from USD 384.25 billion in 2023. This market is anticipated to grow at a compound annual growth rate (CAGR) of 12.47% from 2023 to 2033. It encompasses the entire industry involved in the production, sale, and adoption of electric vehicles, including battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs). This sector includes manufacturers, suppliers, distributors, and consumers across various regions. Key drivers of market growth include heightened environmental awareness, government incentives and regulations encouraging EV adoption, advancements in battery technology, and the expansion of charging infrastructure.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By Type (Battery Electric Vehicles, Plug-In Hybrid Electric Vehicles, Fuel-Cell Electric Vehicles)
By Top Speed (<125 MPH, >125 MPH)
By Vehicle Type (Two-Wheelers, Passenger Cars, Commercial Vehicles)
By Vehicle Driver Type (Front Wheel Drive, Rear Wheel Drive, Four Wheel Drive, All Wheel Drive)
Key players
Nissan Motor Corporation
Tesla Inc.
Toyota Motor Corporation
Ford Motor Company
Volkswagen
BMW
General Motors
Hyundai Motor Company
Mitsubishi Motors Corporation
BYD Motors Inc.
- CHAPTER 1. Executive Summary
- CHAPTER 2. Scope of the Study
- 2.1. Market Definition
- 2.2. Market Scope & Segmentation
- 2.2.1. Objective of Report
- CHAPTER 3. Evolve BI Methodology
- 3.1. Data Collection & Validation Approach
- 3.2. Market Size Estimation and Forecast
- CHAPTER 4. Exclusive Analysis
- 4.1. Market Opportunity Score
- 4.1.1. Type Segement – Market Opportunity Score
- 4.1.2. Top speed Segment – Market Opportunity Score
- 4.1.3. Vehicle Type Segment – Market Opportunity Score
- 4.1.4. Vehicle Driver Type Segment – Market Opportunity Score
- 4.2. Key Market Influencing Indicators
- CHAPTER 5. Market Insights and Trends
- 5.1. Value Chain Analysis
- 5.1.1. Raw Material
- 5.1.2. Manufacturing Process
- 5.1.3. Distribution Channel
- 5.1.4. End User
- 5.2. Porter’s Five Forces Analysis
- 5.2.1. Bargaining Power of Buyers
- 5.2.2. Bargaining Power of Suppliers
- 5.2.3. Threat of New Entrant
- 5.2.4. Threat of Substitute
- 5.2.5. Industry Rivalry
- 5.3. COVID-19 Impact and Post COVID Scenario on Global Electric Vehicle Market
- 5.3.1. Impact of COVID-19
- 5.3.2. Government Support and Industry Revival Policies
- 5.3.3. Measures Taken by Companies to Mitigate Negative Impact
- 5.3.4. Post COVID Trend
- CHAPTER 6. MArket Dynamics
- 6.1. Introduction
- 6.2. Drivers
- 6.2.1. Driver 1
- 6.2.2. Driver 2
- 6.2.3. Driver 3
- 6.3. Restraints
- 6.3.1. Restraint 1
- 6.3.2. Restraint 2
- 6.4. Opportunity
- 6.4.1. Opportunity 1
- CHAPTER 7. Global Electric Vehicle Market, By Type
- 7.1. Introduction
- 7.1.1. Battery Electric Vehicles
- 7.1.2 Plug-In Hybrid Electric Vehicles
- 7.1.3. Fuel-Cell Electric Vehicles
- CHAPTER 8. Global Electric Vehicle Market, By Top speed
- 8.1. Introduction
- 8.1.1. <125 MPH
- 8.1.2. >125 MPH
- CHAPTER 9. Global Electric Vehicle Market, By Vehicle Type
- 9.1. Introduction
- 9.1.1. Two-Wheelers
- 9.1.2. Passenger Cars
- 9.1.3. Commercial Vehicles
- CHAPTER 10. Global Electric Vehicle Market, By Vehicle Driver Type
- 10.1.Introduction
- 10.1.1. Front Wheel Drive
- 10.1.2. Rear Wheel Drive
- 10.1.3. Four Wheel Drive
- 10.1.4. All Wheel Drive
- CHAPTER 11. Global Electric Vehicle Market, By Region
- 11.1. Introduction
- 11.2. NORTH AMERICA
- 11.2.1. North America: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
- 11.2.2. North America: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.2.3. North America: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.2.4. North America: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.2.5. North America: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.2.6. US
- 11.2.6.1. US: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.2.6.2. US: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.2.6.3. US: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.2.6.4. US: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.2.7. CANADA
- 11.2.7.1. Canada: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.2.7.2. Canada: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.2.7.3. Canada: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.2.7.4. Canada: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.2.8. MEXICO
- 11.2.8.1. Mexico: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.2.8.2. Mexico: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.2.8.3. Mexico: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.2.8.4. Mexico: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.3. Europe
- 11.3.1. Europe: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
- 11.3.2. Europe: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.3.3. Europe: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.3.4. Europe: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.3.5. Europe: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.3.6. U.K.
- 11.3.6.1. U.K.: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.3.6.2. U.K.: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.3.6.3. U.K.: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.3.6.4. U.K.: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.3.7. GERMANY
- 11.3.7.1. Germany: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.3.7.2. Germany: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.3.7.3. Germany: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.3.7.4. Germany: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.3.8. FRANCE
- 11.3.8.1. France: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.3.8.2. France: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.3.8.3. France: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.3.8.4. France: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.3.9. ITALY
- 11.3.9.1. Italy: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.3.9.2. Italy: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.3.9.3. Italy: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.3.9.4. Italy: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.3.10. SPAIN
- 11.3.10.1. Spain: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.3.10.2. Spain: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.3.10.3. Spain: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.3.10.4. Spain: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.3.11. BENELUX
- 11.3.11.1. BeNeLux: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.3.11.2. BeNeLux: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.3.11.3. BeNeLux: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.3.11.4. BeNeLux: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.3.12. RUSSIA
- 11.3.12.1. Russia: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.3.12.2. Russia: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.3.12.3. Russia: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.3.12.4. Russia: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.3.13. REST OF EUROPE
- 11.3.13.1. Rest of Europe: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.3.13.2. Rest of Europe: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.3.13.3. Rest of Europe: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.3.13.4. Rest of Europe: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.4. Asia Pacific
- 11.4.1. Asia Pacific: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
- 11.4.2. Asia Pacific: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.4.3. Asia Pacific: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.4.4. Asia Pacific: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.4.5. Asia Pacific: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.4.6. CHINA
- 11.4.6.1. China: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.4.6.2. China: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.4.6.3. China: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.4.6.4. China: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.4.7. JAPAN
- 11.4.7.1. Japan: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.4.7.2. Japan: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.4.7.3. Japan: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.4.7.4. Japan: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.4.8. INDIA
- 11.4.8.1. India: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.4.8.2. India: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.4.8.3. India: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.4.8.4. India: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.4.9. SOUTH KOREA
- 11.4.9.1. South Korea: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.4.9.2. South Korea: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.4.9.3. South Korea: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.4.9.4. South Korea: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.4.10. THAILAND
- 11.4.10.1. Thailand: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.4.10.2. Thailand: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.4.10.3. Thailand: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.4.10.4. Thailand: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.4.11. INDONESIA
- 11.4.11.1. Indonesia: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.4.11.2. Indonesia: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.4.11.3. Indonesia: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.4.11.4. Indonesia: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.4.12. MALAYSIA
- 11.4.12.1. Malaysia: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.4.12.2. Malaysia: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.4.12.3. Malaysia: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.4.12.4. Malaysia: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.4.13. AUSTRALIA
- 11.4.13.1. Australia: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.4.13.2. Australia: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.4.13.3. Australia: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.4.13.4. Australia: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.4.14. REST FO ASIA PACIFIC
- 11.4.14.1. Rest fo Asia Pacific: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.4.14.2. Rest fo Asia Pacific: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.4.14.3. Rest fo Asia Pacific: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.4.14.4. Rest fo Asia Pacific: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.5. South America
- 11.5.1. South America: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
- 11.5.2. South America: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.5.3. South America: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.5.4. South America: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.5.5. South America: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.5.6. BRAZIL
- 11.5.6.1. Brazil: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.5.6.2. Brazil: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.5.6.3. Brazil: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.5.6.4. Brazil: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.5.7. ARGENTINA
- 11.5.7.1. Argentina: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.5.7.2. Argentina: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.5.7.3. Argentina: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.5.7.4. Argentina: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.5.8. REST OF SOUTH AMERICA
- 11.5.8.1. Rest of South America: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.5.8.2. Rest of South America: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.5.8.3. Rest of South America: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.5.8.4. Rest of South America: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.6. Middle East & Africa
- 11.6.1. Middle East & Africa: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
- 11.6.2. Middle East & Africa: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.6.3. Middle East & Africa: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.6.4. Middle East & Africa: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.6.5. Middle East & Africa: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.6.6. SAUDI ARABIA
- 11.6.6.1. Saudi Arabia: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.6.6.2. Saudi Arabia: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.6.6.3. Saudi Arabia: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.6.6.4. Saudi Arabia: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.6.7. UAE
- 11.6.7.1. UAE: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.6.7.2. UAE: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.6.7.3. UAE: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.6.7.4. UAE: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.6.8. EGYPT
- 11.6.8.1. Egypt: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.6.8.2. Egypt: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.6.8.3. Egypt: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.6.8.4. Egypt: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.6.9. SOUTH AFRICA
- 11.6.9.1. South Africa: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.6.9.2. South Africa: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.6.9.3. South Africa: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.6.9.4. South Africa: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- 11.6.10. REST OF MIDDLE EAST & AFRICA
- 11.6.10.1. Rest of Middle East & Africa: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.6.10.2. Rest of Middle East & Africa: Market Size and Forecast, By Top speed, 2023 – 2033 ($ Million)
- 11.6.10.3. Rest of Middle East & Africa: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.6.10.4. Rest of Middle East & Africa: Market Size and Forecast, By Vehicle Driver Type, 2023 – 2033 ($ Million)
- CHAPTER 12. Competitive Landscape
- 12.1. Competitior Benchmarking 2023
- 12.2. Market Share Analysis
- 12.3. Key Developments Analysis By Top 5 Companies
- 12.4. Market Share Acquisition Strategies: Analysis of Key Approaches Employed by Top Players
- CHAPTER 13. Company Profiles
- 13.1. Nissan Motor Corporation
- 13.1.1. Business Overview
- 13.1.2. Financial Analysis
- 13.1.2.1. Business Segment Revenue, 2018, 2019, 2020, $ Million
- 13.1.2.2. Geographic Revenue Mix, 2020 (% Share)
- 13.1.3. Product Portfolio
- 13.1.4. Recent Development and Strategies Adopted
- 13.1.5. SWOT Analysis
- 13.2. Tesla Inc.
- 13.3. Toyota Motor Corporation
- 13.4. Ford Motor Company
- 13.5. Volkswagen
- 13.6. BMW
- 13.7. General Motors
- 13.8. Hyundai Motor Company
- 13.9. Mitsubishi Motors Corporation
- 13.10. BYD Motors Inc
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