Global EV and PHEV Market Insights, Forecast to 2028
Market Analysis and Insights: Global EV and PHEV Market
Due to the COVID-19 pandemic, the EV and PHEV market was valued at US$ 164,786 million in 2021 and is projected to reach US$ 550,560 million by 2028, at a CAGR of 14.86% during the forecast period (22-28). Fully considering the economic change by this health crisis, BEV accounted for a share of 65.3% in the global EV and PHEV market. And this product segment is poised to reach US$ 384,115.7 million by 2028 from US$ 107,598.8 million in 2021.. While Home Use segment is altered to an 15.5 % CAGR throughout this forecast period.
China EV and PHEV market size was US$ 74,363.9 million in 2021, while the US and Europe EV and PHEV were US$ 18,869.7 million and US$ 64,200.8 million, severally. The proportion of the US was 11.4% in 2021, while China and Europe are 45.1% and 38.9% respectively, and it is predicted that China proportion will reach 47.6% in 2028, trailing a CAGR of 14.7 % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR 15.8%,19.2%, and 27.6% respectively for the next 6-year period. As for the Europe EV and PHEV landscape, Germany is projected to reach US$ 59,332.5 million by 2028 trailing a CAGR of 12.8% over the forecast period.
The global key manufacturers of EV and PHEV include Tesla, BYD, BMW, Volkswagen, Mercedes-Benz, Stellantis, VOLVO, Hyundai & Kia, and Renault, etc. In 2021, the global top five players hold a share approximately 58.4% in terms of revenue.
In terms of production side, this report researches the EV and PHEV production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of EV and PHEV by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global EV and PHEV Scope and Segment
EV and PHEV market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global EV and PHEV market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type, and by Application for the period 2017-2028.
By Company
Tesla
BYD
BMW
Volkswagen
Mercedes-Benz
Stellantis
VOLVO
Hyundai & Kia
Renault
SAIC
Ford
NIO
ONE
XPeng
TOYOTA
GAC Motor
JAC
Nissan
Great Wall Motors
Chery
GEELY
Segment by Type
BEV
PHEV
Segment by Application
Home Use
Commercial Use
Production by Region
North America
Europe
China
Japan
Korea
Sales by Region
North America
U.S.
Canada
Mexico
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Europe
Germany
France
U.K.
Norway
Sweden
South America
Brazil
Middle East & Africa
Saudi Arabia
Turkey
- 1 Study Coverage
- 1.1 EV and PHEV Product Introduction
- 1.2 Market by Type
- 1.2.1 Global EV and PHEV Market Size by Type, 2017 VS 2021 VS 2028
- 1.2.2 BEV
- 1.2.3 PHEV
- 1.3 Market by Application
- 1.3.1 Global EV and PHEV Market Size by Application, 2017 VS 2021 VS 2028
- 1.3.2 Home Use
- 1.3.3 Commercial Use
- 1.4 Study Objectives
- 1.5 Years Considered
- 2 Global EV and PHEV Production
- 2.1 Global EV and PHEV Production Capacity (2017-2028)
- 2.2 Global EV and PHEV Production by Region: 2017 VS 2021 VS 2028
- 2.3 Global EV and PHEV Production by Region
- 2.3.1 Global EV and PHEV Historic Production by Region (2017-2022)
- 2.3.2 Global EV and PHEV Forecasted Production by Region (2023-2028)
- 2.4 North America
- 2.5 Europe
- 2.6 China
- 2.7 Japan
- 2.8 Korea
- 3 Global EV and PHEV Sales in Volume & Value Estimates and Forecasts
- 3.1 Global EV and PHEV Sales Estimates and Forecasts 2017-2028
- 3.2 Global EV and PHEV Revenue Estimates and Forecasts 2017-2028
- 3.3 Global EV and PHEV Revenue by Region: 2017 VS 2021 VS 2028
- 3.4 Global EV and PHEV Sales by Region
- 3.4.1 Global EV and PHEV Sales by Region (2017-2022)
- 3.4.2 Global Sales EV and PHEV by Region (2023-2028)
- 3.5 Global EV and PHEV Revenue by Region
- 3.5.1 Global EV and PHEV Revenue by Region (2017-2022)
- 3.5.2 Global EV and PHEV Revenue by Region (2023-2028)
- 3.6 North America
- 3.7 Europe
- 3.8 Asia-Pacific
- 3.9 South America
- 3.10 Middle East & Africa
- 4 Competition by Manufacturers
- 4.1 Global EV and PHEV Sales by Manufacturers
- 4.1.1 Global EV and PHEV Sales by Manufacturers (2019-2021)
- 4.1.2 Global EV and PHEV Sales Market Share by Manufacturers (2019-2021)
- 4.2 Global EV and PHEV Revenue by Manufacturers
- 4.2.1 Global EV and PHEV Revenue by Manufacturers (2019-2021)
- 4.2.2 Global EV and PHEV Revenue Market Share by Manufacturers (2019-2021)
- 4.2.3 Global Top 10 and Top 5 Companies by EV and PHEV Revenue in 2021
- 4.3 Global EV and PHEV Sales Price by Manufacturers (2019-2021)
- 4.4 Analysis of Competitive Landscape
- 4.4.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
- 4.4.2 Global EV and PHEV Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
- 4.4.3 Global EV and PHEV Manufacturers Geographical Distribution
- 4.5 Mergers & Acquisitions, Expansion Plans
- 5 Market Size by Type
- 5.1 Global EV and PHEV Sales by Type
- 5.1.1 Global EV and PHEV Historical Sales by Type (2017-2022)
- 5.1.2 Global EV and PHEV Forecasted Sales by Type (2023-2028)
- 5.1.3 Global EV and PHEV Sales Market Share by Type (2017-2028)
- 5.2 Global EV and PHEV Revenue by Type
- 5.2.1 Global EV and PHEV Historical Revenue by Type (2017-2022)
- 5.2.2 Global EV and PHEV Forecasted Revenue by Type (2023-2028)
- 5.2.3 Global EV and PHEV Revenue Market Share by Type (2017-2028)
- 5.3 Global EV and PHEV Price by Type
- 5.3.1 Global EV and PHEV Price by Type (2017-2022)
- 5.3.2 Global EV and PHEV Price Forecast by Type (2023-2028)
- 6 Market Size by Application
- 6.1 Global EV and PHEV Sales by Application
- 6.1.1 Global EV and PHEV Historical Sales by Application (2017-2022)
- 6.1.2 Global EV and PHEV Forecasted Sales by Application (2023-2028)
- 6.1.3 Global EV and PHEV Sales Market Share by Application (2017-2028)
- 6.2 Global EV and PHEV Revenue by Application
- 6.2.1 Global EV and PHEV Historical Revenue by Application (2017-2022)
- 6.2.2 Global EV and PHEV Forecasted Revenue by Application (2023-2028)
- 6.2.3 Global EV and PHEV Revenue Market Share by Application (2017-2028)
- 6.3 Global EV and PHEV Price by Application
- 6.3.1 Global EV and PHEV Price by Application (2017-2022)
- 6.3.2 Global EV and PHEV Price Forecast by Application (2023-2028)
- 7 North America
- 7.1 North America EV and PHEV Market Size by Type
- 7.1.1 North America EV and PHEV Sales by Type (2017-2028)
- 7.1.2 North America EV and PHEV Revenue by Type (2017-2028)
- 7.2 North America EV and PHEV Market Size by Application
- 7.2.1 North America EV and PHEV Sales by Application (2017-2028)
- 7.2.2 North America EV and PHEV Revenue by Application (2017-2028)
- 7.3 North America EV and PHEV Sales by Country
- 7.3.1 North America EV and PHEV Sales by Country (2017-2028)
- 7.3.2 North America EV and PHEV Revenue by Country (2017-2028)
- 7.3.3 U.S.
- 7.3.4 Canada
- 7.3.5 Mexico
- 8 Europe
- 8.1 Europe EV and PHEV Market Size by Type
- 8.1.1 Europe EV and PHEV Sales by Type (2017-2028)
- 8.1.2 Europe EV and PHEV Revenue by Type (2017-2028)
- 8.2 Europe EV and PHEV Market Size by Application
- 8.2.1 Europe EV and PHEV Sales by Application (2017-2028)
- 8.2.2 Europe EV and PHEV Revenue by Application (2017-2028)
- 8.3 Europe EV and PHEV Market Size by Country
- 8.3.1 Europe EV and PHEV Sales by Country (2017-2028)
- 8.3.2 Europe EV and PHEV Revenue by Country (2017-2028)
- 8.3.3 Germany
- 8.3.4 France
- 8.3.5 U.K.
- 8.3.6 Norway
- 8.3.7 Sweden
- 9 Asia Pacific
- 9.1 Asia Pacific EV and PHEV Market Size by Type
- 9.1.1 Asia Pacific EV and PHEV Sales by Type (2017-2028)
- 9.1.2 Asia Pacific EV and PHEV Revenue by Type (2017-2028)
- 9.2 Asia Pacific EV and PHEV Market Size by Application
- 9.2.1 Asia Pacific EV and PHEV Sales by Application (2017-2028)
- 9.2.2 Asia Pacific EV and PHEV Revenue by Application (2017-2028)
- 9.3 Asia Pacific EV and PHEV Market Size by Region
- 9.3.1 Asia Pacific EV and PHEV Sales by Region (2017-2028)
- 9.3.2 Asia Pacific EV and PHEV Revenue by Region (2017-2028)
- 9.3.3 China
- 9.3.4 Japan
- 9.3.5 South Korea
- 9.3.6 India
- 9.3.7 Southeast Asia
- 9.3.8 Australia
- 10 South America
- 10.1 South America EV and PHEV Market Size by Type
- 10.1.1 South America EV and PHEV Sales by Type (2017-2028)
- 10.1.2 South America EV and PHEV Revenue by Type (2017-2028)
- 10.2 South America EV and PHEV Market Size by Application
- 10.2.1 South America EV and PHEV Sales by Application (2017-2028)
- 10.2.2 South America EV and PHEV Revenue by Application (2017-2028)
- 10.3 South America EV and PHEV Market Size by Country
- 10.3.1 South America EV and PHEV Sales by Country (2017-2028)
- 10.3.2 South America EV and PHEV Revenue by Country (2017-2028)
- 10.3.3 Brazil
- 11 Middle East and Africa
- 11.1 Middle East and Africa EV and PHEV Market Size by Type
- 11.1.1 Middle East and Africa EV and PHEV Sales by Type (2017-2028)
- 11.1.2 Middle East and Africa EV and PHEV Revenue by Type (2017-2028)
- 11.2 Middle East and Africa EV and PHEV Market Size by Application
- 11.2.1 Middle East and Africa EV and PHEV Sales by Application (2017-2028)
- 11.2.2 Middle East and Africa EV and PHEV Revenue by Application (2017-2028)
- 11.3 Middle East and Africa EV and PHEV Market Size by Country
- 11.3.1 Middle East and Africa EV and PHEV Sales by Country (2017-2028)
- 11.3.2 Middle East and Africa EV and PHEV Revenue by Country (2017-2028)
- 11.3.3 Saudi Arabia
- 11.3.4 Turkey
- 12 Key Companies Profiled
- 12.1 Tesla
- 12.1.1 Tesla Corporation Information
- 12.1.2 Tesla EV and PHEV Product Portfolio
- 12.1.3 Tesla EV and PHEV Sales, Revenue, Price and Gross Margin (2019-2021)
- 12.2 BYD
- 12.2.1 BYD Corporation Information
- 12.2.2 BYD EV and PHEV Product Portfolio
- 12.2.3 BYD EV and PHEV Sales, Revenue, Price and Gross Margin (2019-2021)
- 12.3 BMW
- 12.3.1 BMW Corporation Information
- 12.3.2 BMW EV and PHEV Product Portfolio
- 12.3.3 BMW EV and PHEV Sales, Revenue, Price and Gross Margin (2019-2021)
- 12.4 Volkswagen
- 12.4.1 Volkswagen Corporation Information
- 12.4.2 Volkswagen EV and PHEV Product Portfolio
- 12.4.3 Volkswagen EV and PHEV Sales, Revenue, Price and Gross Margin (2019-2021)
- 12.5 Mercedes-Benz
- 12.5.1 Mercedes-Benz Corporation Information
- 12.5.2 Mercedes-Benz EV and PHEV Product Portfolio
- 12.5.3 Mercedes-Benz EV and PHEV Sales, Revenue, Price and Gross Margin (2019-2021)
- 12.6 Stellantis
- 12.6.1 Stellantis Corporation Information
- 12.6.2 Stellantis EV and PHEV Product Portfolio
- 12.6.3 Stellantis EV and PHEV Sales, Revenue, Price and Gross Margin (2019-2021)
- 12.7 VOLVO
- 12.7.1 VOLVO Corporation Information
- 12.7.2 VOLVO EV and PHEV Product Portfolio
- 12.7.3 VOLVO EV and PHEV Sales, Revenue, Price and Gross Margin (2019-2021)
- 12.8 Hyundai & Kia
- 12.8.1 Hyundai & Kia Corporation Information
- 12.8.2 Hyundai & Kia EV and PHEV Product Portfolio
- 12.8.3 Hyundai & Kia EV and PHEV Sales, Revenue, Price and Gross Margin (2019-2021)
- 12.9 Renault
- 12.9.1 Renault Corporation Information
- 12.9.2 Renault EV and PHEV Product Portfolio
- 12.9.3 Renault EV and PHEV Sales, Revenue, Price and Gross Margin (2019-2021)
- 12.10 SAIC
- 12.10.1 SAIC Corporation Information
- 12.10.2 SAIC EV and PHEV Product Portfolio
- 12.10.3 SAIC EV and PHEV Sales, Revenue, Price and Gross Margin (2019-2021)
- 12.11 Ford
- 12.11.1 Ford Corporation Information
- 12.11.2 Ford EV and PHEV Product Portfolio
- 12.11.3 Ford EV and PHEV Sales, Revenue, Price and Gross Margin (2019-2021)
- 12.12 NIO
- 12.12.1 NIO Corporation Information
- 12.12.2 NIO EV and PHEV Product Portfolio
- 12.12.3 NIO EV and PHEV Sales, Revenue, Price and Gross Margin (2019-2021)
- 12.13 ONE
- 12.13.1 ONE Corporation Information
- 12.13.2 ONE EV and PHEV Product Portfolio
- 12.13.3 ONE EV and PHEV Sales, Revenue, Price and Gross Margin (2019-2021)
- 12.14 XPeng
- 12.14.1 XPeng Corporation Information
- 12.14.2 XPeng EV and PHEV Product Portfolio
- 12.14.3 XPeng EV and PHEV Sales, Revenue, Price and Gross Margin (2019-2021)
- 12.15 TOYOTA
- 12.15.1 TOYOTA Corporation Information
- 12.15.2 TOYOTA EV and PHEV Product Portfolio
- 12.15.3 TOYOTA EV and PHEV Sales, Revenue, Price and Gross Margin (2019-2021)
- 12.16 GAC Motor
- 12.16.1 GAC Motor Corporation Information
- 12.16.2 GAC Motor EV and PHEV Product Portfolio
- 12.16.3 GAC Motor EV and PHEV Sales, Revenue, Price and Gross Margin (2019-2021)
- 12.17 JAC
- 12.17.1 JAC Corporation Information
- 12.17.2 JAC EV and PHEV Product Portfolio
- 12.17.3 JAC EV and PHEV Sales, Revenue, Price and Gross Margin (2019-2021)
- 12.18 Nissan
- 12.18.1 Nissan Corporation Information
- 12.18.2 Nissan EV and PHEV Product Portfolio
- 12.18.3 Nissan EV and PHEV Sales, Revenue, Price and Gross Margin (2019-2021)
- 12.19 Great Wall Motors
- 12.19.1 Great Wall Motors Corporation Information
- 12.19.2 Great Wall Motors EV and PHEV Product Portfolio
- 12.19.3 Great Wall Motors EV and PHEV Sales, Revenue, Price and Gross Margin (2019-2021)
- 12.20 Chery
- 12.20.1 Chery Corporation Information
- 12.20.2 Chery EV and PHEV Product Portfolio
- 12.20.3 Chery EV and PHEV Sales, Revenue, Price and Gross Margin (2019-2021)
- 12.21 GEELY
- 12.21.1 GEELY Corporation Information
- 12.21.2 GEELY EV and PHEV Product Portfolio
- 12.21.3 GEELY EV and PHEV Sales, Revenue, Price and Gross Margin (2019-2021)
- 13 Industry Chain and Sales Channels Analysis
- 13.1 EV and PHEV Industry Chain Analysis
- 13.2 EV and PHEV Key Raw Materials
- 13.2.1 Key Raw Materials
- 13.2.2 Raw Materials Key Suppliers
- 13.3 EV and PHEV Manufacturing Cost Structure Analysis
- 13.4 EV and PHEV Sales and Marketing
- 13.4.1 EV and PHEV Sales Channels
- 13.4.2 EV and PHEV Distributors
- 13.5 EV and PHEV Customers
- 14 EV and PHEV Market Dynamics
- 14.1.1 EV and PHEV Industry Trends
- 14.1.2 EV and PHEV Market Drivers
- 14.1.3 EV and PHEV Market Challenges
- 15 Key Findings in the Global EV and PHEV Study
- 16 Appendix
- 16.1 Research Methodology
- 16.1.1 Methodology/Research Approach
- 16.1.2 Data Source
- 16.2 Author Details
- 16.3 Disclaimer
- List of Tables
- Table 1. Global EV and PHEV Market Size Growth Rate by Type, 2017 VS 2021 VS 2028 (US$ Million)
- Table 2. Major Manufacturers of PHEV
- Table 3. Global EV and PHEV Market Size Growth Rate by Application, 2017 VS 2021 VS 2028 (US$ Million)
- Table 4. Global EV and PHEV Production by Region: 2017 VS 2021 VS 2028 (K Units)
- Table 5. Global EV and PHEV Production by Region (2017-2022) & (K Units)
- Table 6. Global EV and PHEV Production Market Share by Region (2017-2022)
- Table 7. Global EV and PHEV Production by Region (2023-2028) & (K Units)
- Table 8. Global EV and PHEV Production Market Share by Region (2023-2028)
- Table 9. Global EV and PHEV Revenue by Region: 2017 VS 2021 VS 2028 (US$ Million)
- Table 10. Global EV and PHEV Sales by Region (2017-2022) & (K Units)
- Table 11. Global EV and PHEV Sales Market Share by Region (2017-2022)
- Table 12. Global EV and PHEV Sales by Region (2023-2028) & (K Units)
- Table 13. Global EV and PHEV Sales Market Share by Region (2023-2028)
- Table 14. Global EV and PHEV Revenue by Region (2017-2022) & (US$ Million)
- Table 15. Global EV and PHEV Revenue Market Share by Region (2017-2022)
- Table 16. Global EV and PHEV Revenue by Region (2023-2028) & (US$ Million)
- Table 17. Global EV and PHEV Revenue Market Share by Region (2023-2028)
- Table 18. Global EV and PHEV Sales by Manufacturers (2019-2021) & (K Units)
- Table 19. Global EV and PHEV Sales Share by Manufacturers (2019-2021)
- Table 20. Global EV and PHEV Revenue by Manufacturers (2019-2021) & (US$ Million)
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