Global Electric Vehicle Market Forecast 2020-2028

Global Electric Vehicle Market Forecast 2020-2028

The global electric vehicle market is estimated to project growth at a CAGR of 22.18% during the forecast period, 2020-2028. The factors augmenting market growth are the easy availability of low-cost Li-ion batteries, the increasing expenditure in research and innovation, the degrading climatic conditions, and the initiatives by the government advocating the use of electric vehicles.

Electric vehicles make use of electricity as a power source and traction motors for propulsion. The pollution across the globe is rising rapidly, and as preventive measures, several local and national governments are taking initiatives in the form of policies for promoting the use of electric vehicles. This is to reduce noise and air pollution, oil import expenditure, greenhouse gas emissions, etc. The segmentation of the global electric vehicle market includes a detailed analysis of technology and vehicle type. The increasing greenhouse gases and CO2 emission from the petroleum-based cars have resulted in electric vehicles regaining their position in the automotive market. The high costs of electric vehicles restrict the overall growth of the market. Also, the lack of proper electric vehicle charging infrastructures restricts the growth of the market.

The geographical analysis of the global electric vehicle market entails the market assessment of North America, Asia Pacific, Europe, and the rest of the world. As of 2019, the Asia Pacific region dominated the global market with considerable revenue share. This trend is estimated to be consistent throughout the forecast period, 2020-2028. The increasing industrialization and the negative impact of CO2 emissions are resulting in increasing demands for electric vehicles, thereby fueling the setting up of manufacturing and production units.

Some of the eminent companies leading the market are, BMW Group, Daimler AG, Ford Motor Company, BYD Company Ltd, Fiat Chrysler Automobiles Group (Merger between Chrysler and Fiat), etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

1. Research Scope & Methodology
1.1. Study Objectives
1.2. Scope Of Study
1.3. Methodology
1.4. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
3. Market Dynamics
3.1. Development Of Electric Vehicle
3.2. Benefits & Limitations Of Electric Vehicles
3.3. Market Definition
3.4. Key Drivers
3.4.1. Degradation Of Climate Due To Transportation Industry
3.4.2. Easy Availability And Low Cost Of Li-on Batteries
3.4.3. Government Initiatives Encouraging The Use Of Electric Vehicles
3.4.4. High Allocation Expenditure Towards Research And Innovation
3.5. Key Restraints
3.5.1. Poor Infrastructure For Charging Of Electric Vehicles
3.5.2. Relatively Higher Cost Of Electric Vehicles
4. Key Analytics
4.1. Key Investment Insights
4.2. Porter’s Five Force Analysis
4.2.1. Buyer Power
4.2.2. Supplier Power
4.2.3. Substitution
4.2.4. New Entrants
4.2.5. Industry Rivalry
4.3. Opportunity Matrix
4.4. Vendor Landscape
4.5. Value Chain Analysis
4.5.1. Demand Forecast And Research & Development
4.5.2. Production Programming, Scheduling, And Suppliers Scheduling
4.5.3. Inbound Logistics & Production
4.5.4. Outbound Logistics
4.5.5. Dealers/Distributors
4.5.6. End Users/Customers
4.6. Key Buying Criteria
4.7. Regulatory Framework
5. Market By Technology
5.1. Battery Electric Vehicle
5.2. Hybrid Electric Vehicle
5.3. Plug-in Hybrid Electric Vehicle
6. Market By Vehicle Type
6.1. Two-wheeler
6.2. Passenger Car
6.3. Commercial Vehicle
6.3.1. Heavy Commercial Vehicles Buses Trucks
6.3.2. Other Commercial Vehicles
7. Geographical Analysis
7.1. North America
7.1.1. United States
7.1.2. Canada
7.2. Europe
7.2.1. United Kingdom
7.2.2. Netherlands
7.2.3. Norway
7.2.4. Germany
7.2.5. France
7.2.6. Rest Of Europe
7.3. Asia Pacific
7.3.1. China
7.3.2. Japan
7.3.3. India
7.3.4. South Korea
7.3.5. Indonesia
7.3.6. Thailand
7.3.7. Vietnam
7.3.8. Australia & New Zealand
7.3.9. Rest Of Asia Pacific
7.4. Rest Of World
7.4.1. Latin America
7.4.2. Middle East & Africa
8. Company Profiles
8.1. Bmw Group
8.2. Byd Company Ltd
8.3. Daimler Ag
8.4. Fiat Chrysler Automobiles Group (Merger Between Chrysler And Fiat)
8.5. Ford Motor Company
8.6. General Motors Company
8.7. Groupe Psa
8.8. Honda Motor Company
8.9. Hyundai Motor
8.10. Mitsubishi
8.11. Nissan Motor Company Ltd
8.12. Tesla Inc
8.13. Toyota Industries Corporation
8.14. Volkswagen Group
8.15. Zhejiang Geely Holding Group

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook