Summary

Executive Summary

The Global Electric Vehicle (EV) Market was valued at USD 169.95 Billion in the year 2020. Growth in the Electric Vehicles Market is mainly driven by growing environmental concerns and the active steps taken by various governments towards zero emission laws, thereby reducing the carbon emissions in the environment. Increasing two and three wheeler demand is expected to boost the demand of Electric Vehicles (EVs) but the demand is offset by the slow adaptation in leading countries like Japan. Additionally, the growing efforts by companies to boost production, expansion of electric vehicle infrastructure along with charging points are projected to further drive the market growth. Moreover, rising expenditure by the government, carbon emission regulation policies and investments by leading OEMs is boosting the need for Electric Vehicles (EVs) in the industry, which is, in turn, driving the market demand.

The outbreak of COVID-19 has affected the global economy of various sectors, including the oil & gas, manufacturing, automotive, and power generation industries in multiple ways. With the new government guidelines during the COVID-19 outbreak, there was a temporary suspension of the production units during the initial days of the lockdown. This led to disruptions in the production facilities and global supply chains as the electric vehicles manufacturers had to make certain adjustments with the volume of production because of the excess inventory which was left idle. Governments started offering subsidies for purchase of Electric Vehicles which was a major push for the market.

Manufacturers in the electric vehicles market are keen on producing zero emission electric driven vehicles that are tailored for reducing the greenhouse gases in the environment. Top players in the market have ramped up their research and development efforts to cater to specialized needs of the market. Such a strategy might help catapult them to a highly competitive pedestal in near future.

Scope of the Report

• The report analyses the Electric Vehicles (EV) Market by value (USD Billion).

• The report analyses the Electric Vehicles (EV) Market by volume (Million Units).

• The report presents the analysis of Electric Vehicles (EV) market for the historical period of 2016-2020 and the forecast period of 2021-2026.

• The report analyses the Electric Vehicles (EV) Market by Propulsion Type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle).

• The report analyses the Electric Vehicles (EV) Market by Vehicle Type (2/3-wheelers, Passenger Cars and Commercial Vehicles).

• The Global Electric Vehicles (EV) Market has been analysed By Region (Americas, Europe, Asia Pacific and LAMEA).

• The Global Electric Vehicles (EV) Market has been analysed By Country (United States, Canada, Germany, France, United Kingdom, Netherlands, Norway, China, Japan, India and South Korea).

• The key insights of the report have been presented through the frameworks of SWOT and Porter’s Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by Propulsion Type, by Vehicle Type.

• Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.

• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Tesla, Inc., Volkswagen AG, BYD Company Limited, BMW AG, Daimler AG, Renault S.A., General Motors Company, AB Volvo, Ford Motors, Nissan Motors Co., Limited.

Key Target Audience

• Electric Vehicle (EV) Manufacturers

• Automotive Companies

• Consulting and Advisory Firms

• Government and Policy Makers

• Regulatory Authorities

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Table of Contents

1. Report Scope and Methodology

1.1 Scope of the Report

1.2 Research Methodology

1.3 Executive Summary

2. Strategic Recommendations

3. Electric Vehicle (EV) Market: Product Overview

4. Global Electric Vehicle (EV) Market: An Analysis

4.1 Market Size, By Value, Year 2016-2026

4.2 Market Size, By Volume, Year 2016-2026

4.3 Impact of COVID-19 on Electric Vehicle (EV) Market

4.4 Global Electric Vehicle (EV) Market: Growth & Forecast

5. Global Electric Vehicle (EV) Market: Segment Analysis

5.1 Global Electric Vehicle (EV) Market Segmentation, By Propulsion Type (Value)

5.2 Competitive Scenario of Electric Vehicle (EV) Market: By Propulsion Type (2020 & 2026)

5.3 By Battery Electric Vehicles– Market Size and Forecast (2016-2026)

5.4 By Plug-in Hybrid Electric Vehicles– Market Size and Forecast (2016-2026)

6. Global Electric Vehicle (EV) Market Segmentation, By Vehicle Type (Value)

6.1 Competitive Scenario of Global Electric Vehicle (EV) Market: By Vehicle Type (2020 & 2026)

6.2 By 2/3 –wheelers – Market Size and Forecast (2016-2026)

6.3 By Passenger Cars – Market Size and Forecast (2016-2026)

6.4 By Commercial Vehicles – Market Size and Forecast (2016-2026)

7. Global Electric Vehicle (EV) Market: Regional Analysis

7.1 Competitive Scenario of Global Electric Vehicle (EV) Market: By Region (2020 & 2026)

8. North America Electric Vehicle (EV) Market: An Analysis (2016-2026)

8.1 North America Electric Vehicle (EV) Market by value: Size and Forecast (2016-2026)

8.2 North America Electric Vehicle (EV) Market: Prominent Companies

8.3 Market Segmentation By Propulsion Type (Battery Electric Vehicles, Plug-in Hybrid vehicles)

8.4 Market Segmentation By Vehicle Type (2/3- wheelers, Passenger Cars, Commercial Vehicles)

8.5 North America Electric Vehicle (EV) Market: Country Analysis

8.6 Market Opportunity Chart of North America Electric Vehicle (EV) Market - By Country, By Value (Year-2026)

8.7 Competitive Scenario of North America Electric Vehicle (EV) Market– By Country (2020 & 2026)

8.8 United States Electric Vehicle (EV) Market: Size and Forecast (2016-2026)

8.9 United States Electric Vehicle (EV) Market Segmentation By Propulsion Type, (2016-2026)

8.10 United States Electric Vehicle (EV) Market Segmentation: By Vehicle Type (2016-2026)

8.11 Canada Electric Vehicle (EV) Market: Size and Forecast (2016-2026)

8.12 Canada Electric Vehicle (EV) Market Segmentation By Propulsion Type (2016-2026)

8.13 Canada Electric Vehicle (EV) Market Segmentation By Vehicle Type (2016-2026)

9. Europe Electric Vehicle (EV) Market: An Analysis (2016-2026)

9.1 Europe Electric Vehicle (EV) Market by value: Size and Forecast (2016-2026)

9.2 Europe Electric Vehicle (EV) Market: Prominent Companies

9.3 Market Segmentation By Propulsion Type (Battery Electric Vehicles, Plug-in Hybrid vehicles)

9.4 Market Segmentation By Vehicle Type (2/3- wheelers, Passenger Cars, Commercial Vehicles)

9.5 Europe Electric Vehicle (EV) Market: Country Analysis

9.6 Market Opportunity Chart of Europe Electric Vehicle (EV) Market - By Country, By Value (Year-2026)

9.7 Competitive Scenario of Europe Electric Vehicle (EV) Market– By Country (2020 & 2026)

9.8 Germany Electric Vehicle (EV) Market: Size and Forecast (2016-2026)

9.9 Germany Electric Vehicle (EV) Market Segmentation By Propulsion Type (2016-2026)

9.10 Germany Electric Vehicle (EV) Market Segmentation By Vehicle Type (2016-2026)

9.11 France Electric Vehicle (EV) Market: Size and Forecast (2016-2026)

9.12 France Electric Vehicle (EV) Market Segmentation By Propulsion Type (2016-2026)

9.13 France Electric Vehicle (EV) Market Segmentation By Vehicle Type (2016-2026)

9.14 United Kingdom Electric Vehicle (EV) Market: Size and Forecast (2016-2026)

9.15 United Kingdom Electric Vehicle (EV) Market Segmentation By Propulsion Type, (2016-2026)

9.16 United Kingdom Electric Vehicle (EV) Market Segmentation By Vehicle Type (2016-2026)

9.17 Netherlands Electric Vehicle (EV) Market: Size and Forecast (2016-2026)

9.18 Netherlands Electric Vehicle (EV) Market Segmentation By Propulsion Type, (2016-2026)

9.19 Netherlands Electric Vehicle (EV) Market Segmentation By Vehicle Type (2016-2026)

9.20 Norway Electric Vehicle (EV) Market: Size and Forecast (2016-2026)

9.21 Norway Electric Vehicle (EV) Market Segmentation By Propulsion Type, (2016-2026)

9.22 Norway Electric Vehicle (EV) Market Segmentation By Vehicle Type (2016-2026)

10. Asia Pacific Electric Vehicle (EV) Market: An Analysis (2016-2026)

10.1 Asia Pacific Electric Vehicle (EV) Market by value: Size and Forecast (2016-2026)

10.2 Asia Pacific Electric Vehicle (EV) Market: Prominent Companies

10.3 Market Segmentation By Propulsion Type (Battery Electric Vehicles, Plug-in Hybrid vehicles)

10.4 Market Segmentation By Vehicle Type (2/3- wheelers, Passenger Cars, Commercial Vehicles)

10.5 Asia Pacific Electric Vehicle (EV) Market: Country Analysis

10.6 Market Opportunity Chart of Asia Pacific Electric Vehicle (EV) Market - By Country, By Value (Year-2026)

10.7 Competitive Scenario of Asia Pacific Electric Vehicle (EV) Market– By Country (2020 & 2026)

10.8 China Electric Vehicle (EV) Market: Size and Forecast (2016-2026)

10.9 China Electric Vehicle (EV) Market Segmentation By Propulsion Type (2016-2026)

10.10 China Electric Vehicle (EV) Market Segmentation By Vehicle Type (2016-2026)

10.11 Japan Electric Vehicle (EV) Market: Size and Forecast (2016-2026)

10.12 Japan Electric Vehicle (EV) Market Segmentation By Propulsion Type (2016-2026)

10.13 Japan Electric Vehicle (EV) Market Segmentation By Vehicle Type (2016-2026)

10.14 India Electric Vehicle (EV) Market: Size and Forecast (2016-2026)

10.15 India Electric Vehicle (EV) Market Segmentation By Propulsion Type (2016-2026)

10.16 India Electric Vehicle (EV) Market Segmentation By Vehicle Type (2016-2026)

10.14 South Korea Electric Vehicle (EV) Market: Size and Forecast (2016-2026)

10.15 South Korea Electric Vehicle (EV) Market Segmentation By Propulsion Type (2016-2026)

10.16 South Korea Electric Vehicle (EV) Market Segmentation By Vehicle Type (2016-2026)

11. Global Electric Vehicle (EV) Market Dynamics

11.1 Global Electric Vehicle (EV) Market Drivers

11.2 Global Electric Vehicle (EV) Market Restraints

11.3 Global Electric Vehicle (EV) Market Trends

12. Market Attractiveness and Strategic Analysis

12.1 Market Attractiveness Chart of Global Electric Vehicle (EV) Market - By Propulsion Type (Year 2026)

12.2 Market Attractiveness Chart of Global Electric Vehicle (EV) Market - By Vehicle Type (Year 2026)

12.3 Market Attractiveness Chart of Global Electric Vehicle (EV) Market – By Region (Year 2026)

13. Competitive Landscape

13.1 Market Share of global leading companies

13.2 Global major electric vehicle producers

13.3 SWOT Analysis– Global Electric Vehicle (EV) Market

13.4 Porter Five Force Analysis– Global Electric Vehicle (EV) Market

14. Global Electric Vehicle (EV) Market: Merger & Acquisitions

15. Company Profiles (Business Description, Financial Analysis, Business Strategy)

15.1 Tesla, Inc.

15.2 Volkswagen AG

15.3 BYD Company Limited

15.4 BMW AG

15.5 Daimler AG

15.6 Renault S.A.

15.7 General Motors Company

15.8 AB Volvo

15.9 Ford Motor Company

15.10 NISSAN MOTOR CO., LTD.