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Electric Vehicles (ev) Market

Release date:

Mar-2021

Region:

global

Research Code:MRSE -104485

Sku:MRSE -104485

Electric Vehicles (EV) Market by Vehicle Type (Passenger Vehicles, LCVs, HCVs, Two-wheelers, e-Scooters & Bikes), Propulsion Type (BEV, FCEV, PHEV, HEV), End Use (Private, Commercial, Industrial), Power Output, Charging Standard, and Geography - Global Forecast to 2027

  • Report ID: MRSE -104485
  • Pages: 220
  • Mar-2021
  • Formats*: PDF
  • Category: Semiconductor and Electronics
  • Delivery: 2 to 4 Hours
COVID-19

This report provides pre & post COVID-19 market estimates.

The electric vehicles market is expected to grow at a CAGR of 33.6% from 2020 to reach $2,495.4 billion by 2027. In terms of volume, this market is expected to grow at a CAGR of 21.7% to reach 233.9 million units by 2027.  million units by 2027. The supportive government policies and regulations, increasing investments by leading automotive OEMs, rising environmental concerns, decreasing prices of batteries, and advancements in charging technologies are the key factors driving the growth of the electric vehicles market.

The Impact of COVID-19 on the Electric Vehicles Market

The COVID-19 pandemic emerged around the end of December 2019 in Wuhan, China. By March 2020, it had already spread worldwide, resulting in huge casualties and heavy economic losses. The pandemic has severely impacted several sectors, including the automotive sector, with major manufacturers shutting down their operations completely or operating at reduced capacities following the directives issued by their respective governments. Uncertainty regarding the duration of the lockdown and supply-chain disruptions made it more difficult for players to anticipate the industry's recovery. This crisis caused structural shifts that had significant implications on the market.

In 2019, the global sales of electric vehicles had crossed 2 million. However, the COVID-19 crisis led to disrupted supply chains, limited operations and workforce, and factory closures. This caused a severe decline in vehicle sales, especially in the electric vehicles segment. However, the electric vehicles market is expected to recover quickly due to China’s strong growth. Post-COVID-19, the electric vehicles market is estimated to reach 4.18 million units by the end of 2021.

According to Meticulous Analysis, developed areas of China and Europe are poised to have a strong recovery while the U.S. is estimated to fall behind. Aggressive government initiatives in stabilizing the automobile industry are anticipated as a key factor triggering the adoption rate in coming years.

Electric Vehicles (ev) Market

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Supportive government policies and regulations to drive the demand for electric vehicles

Governments worldwide are increasingly investing in electric mobility. The increasing government regulations to phase out fossil fuel-powered vehicles, government investments for improving public EV charging infrastructure, and initiatives in the form of subsidies & tax rebates for adopting EVs are expected to support this market growth. Governments are investing in charging infrastructures either through direct investments for public charging stations or by providing subsidies for private charging stations at homes and workplaces.

In 2020, China announced subsidies amounting to USD 1.4 billion for installing charging stations. In the same year, to boost the EV demand, the German government announced all its fuel filling stations to set up electric car charging stations. The chargers are installed under its economic recovery plan with approximately USD 154.9 billion (EUR 130 billion) to help remove refueling concerns and boost consumer demand.

Decreasing prices of batteries to support the market growth

Battery electric vehicles majorly include autonomous delivery vehicles, industrial vehicles, and public transport vehicles. However, the cost and range limitations associated with EV batteries are a major restraining factor for the complete transition to electric mobility. Its capacity determines the cost of an electric vehicle battery in kilowatt-hours (kWh), which dictates its range and the power level of the motor that it supplies. Technological advancements have brought down the cost of EVs. EV battery manufacturers are focusing on providing high-capacity batteries and reducing battery prices to ensure the overall cost of a vehicle falls under the subsidized range. Government regulations to phase out fossil fuel-powered vehicles, increasing concerns raised over conventional vehicles' environmental impact, improvement in battery capacity, and supporting government policies and regulations are promoting the market growth.

Key Findings in the Electric Vehicles Market Study:

During the forecast period, the light commercial vehicles segment to grow at the highest CAGR.

Based on vehicle type, the electric vehicles market is segmented into passenger vehicles, heavy commercial vehicles, two-wheelers, e-scooters & bikes, and light commercial vehicles. The light commercial vehicles segment is expected to grow at the highest CAGR during the forecast period. This segment's rapid growth is mainly attributed to the growing awareness regarding the role of electric vehicles in reducing emissions, increase in demand for electric vehicles to reduce fleet emissions, and stringent government rules and regulations towards vehicle emissions. Retail MNCs and transport fleet operators are shifting to electric light commercial vehicles. The mass production of batteries and the attractive tax incentives offered by governments have further brought down vehicle costs, making electric light commercial vehicles much more cost-effective.  

The fuel cell electric vehicles segment is projected to grow at the highest CAGR during the forecast period.

Based on propulsion type, the electric vehicles market is mainly segmented into hybrid vehicles, battery electric vehicles, and fuel cell electric vehicles. The fuel cell electric vehicles segment is expected to grow at the highest CAGR during the forecast period. This segment's rapid growth is mainly attributed to the increasing demand for vehicles with low carbon emissions, strict carbon emission norms, growing emphasis on the adoption of FCEVs due to advantages such as fast refueling, and increasing government initiatives and investments for advancing fuel cell technology.

The 100 kW to 250 kW segment is projected to grow at the highest CAGR during the forecast period.

Based on power output, the electric vehicles market is mainly segmented into less than 100 kW, 100 kW to 250 kW, and more than 250 kW. The 100 kW to 250 kW segment is expected to grow at the highest CAGR during the forecast period. This segment's rapid growth is mainly attributed to the increasing adoption of electric buses and trucks, mainly for public transportation and freight service applications. Power output between 100kW–250kW is widely observed in EVs, including passenger vehicles and light commercial vehicles such as vans, pick-up trucks, and utility vehicles. The adoption of such EVs is increasing due to the rise in fuel prices and government initiatives for lowering fleet emissions of buses and trucks.

The commercial use segment is projected to grow at the highest CAGR during the forecast period

Based on end use, the electric vehicles market is segmented into private use, commercial use, and industrial use. The commercial use segment is projected to grow at the highest CAGR during the forecast period. This segment's high growth is attributed to the increase in fuel prices and stringent emission norms set by governments, growing adoption of autonomous delivery vehicles, and the increasing adoption of electric buses and trucks. Electric vehicles being used for commercial applications will be an increasingly common sight on roads in the future. Electric commercial vehicles help lower greenhouse gas emissions, reduce dependence on fossil fuels, ensure smooth operation, and meet the latest emissions regulations.  

Europe to be the fastest-growing regional market

The high growth of the electric vehicles market in the European region is majorly attributed to the consistent developments in making stringent emission regulations by the European Union and increasing focus on reducing the number of conventional cars. Norway leads the way for electric mobility adoption in Europe. The share of battery electric vehicles in new car sales raised to 54.3% in 2020, and it is expected to surpass 65% of the market share in 2021.

Key Players

The key players operating in this market are BMW Group (Germany), BYD Company Ltd. (China), Daimler AG (Germany), Honda Motor Co., Ltd. (Japan), Hyundai Motor Company (South Korea), Kia Corporation (South Korea)Nissan Motor Co., Ltd. (Japan), TATA Motors Limited (India), Mahindra & Mahindra Ltd. (India), Tesla, Inc. (U.S.), Volkswagen AG (Germany), Toyota Motor Company (Japan), Mitsubishi Motors Corporation (Japan), Groupe Renault (France), Beijing Automotive Industry Corp. (BAIC) (China), SAIC Motor Corporation Limited (China), Geely Automobile Holdings Limited (China), Guangzhou Xiaopeng Motors Technology Company Ltd. (China), and NIO Inc. (China).

Scope of the Report

Electric Vehicles Market, by Vehicle Type

  • Passenger Vehicles
  • Heavy Commercial Vehicles
  • Two-Wheelers
  • E-Scooters & Bikes
  • Light Commercial Vehicles

Electric Vehicles Market, by Propulsion Type

  • Hybrid Vehicles
    • Pure Hybrid Vehicles
    • Plug-in Hybrid Vehicles
  • Battery Electric Vehicles
  • Fuel Cell Electric Vehicles

Electric Vehicles Market, by Power Output

  • Less than 100 kW
  • 100 kW to 250 kW
  • More than 250 kW

Electric Vehicles Market, by End Use

  • Private Use
  • Commercial Use
    • Shared Mobility
    • Micromobility
    • Public Transport
  • Industrial Use

Electric Vehicles Market, by Charging Standard

  • Guobiao standards (GB/T)
  • CHArge de MOve (CHAdeMO)
  • Combined Charging System (CCS)
  • Tesla Supercharger
  • Type 1 (SAE J1772)
  • Type 2 (IEC 62196)

Electric Vehicles Market, by Geography

  • Asia-Pacific (APAC)
    • China
    • Japan
    • South Korea
    • Thailand
    • Singapore
    • India
    • Rest of Asia-Pacific (RoAPAC)
  • Europe
    • Germany
    • France
    • U.K.
    • Norway
    • Sweden
    • Netherlands
    • Italy
    • Spain
    • Switzerland
    • Denmark
    • Rest of Europe (RoE)
  • North America
    • U.S.
    • Canada
  • Rest of the World
    • Latin America
    • Middle East & Africa

Key Questions Answered in the Report:

• What is the focus of the electric vehicles (EV) market report?

The electric vehicles market report covers the market size & forecasts by vehicle type, propulsion type, power output, end use, charging standard, and geography. The market study involves the value analysis of various electric vehicle segments at regional and country levels.

• What is the value of revenue generated from electric vehicles across the globe? At what rate is the demand expected to grow for the next 5-7 years?

The electric vehicles market is projected to reach a value of $2,495.5 billion by 2027, at a CAGR of 33.6% during the forecast period. In terms of volume, this market is expected to grow at a CAGR of 21.7% to reach 233.9 million units by 2027

• Which vehicle type category held the major share of the market in 2020?

Based on the vehicle type, the passenger vehicles segment accounted for the largest share of the electric vehicles market in 2020.

• Which is the high-growth end use segment of the electric vehicles market?

Based on end use, the private use segment accounted for the largest share of the electric vehicles market in 2020.

• What are the key factors supporting the growth of this market? What are the major opportunities for existing market players and new entrants in the electric vehicles market?

The key factors supporting the growth of this market are effective government policies and regulations, increasing investments by leading automotive OEMs, rising environmental concerns, and decreasing prices of batteries.

• Who are the major players operating in the electric vehicles market?

The key players operating in this market are BMW Group (Germany), BYD Company Ltd. (China), Daimler AG (Germany), Honda Motor Co., Ltd. (Japan), Hyundai Motor Company (South Korea), Kia Corporation (South Korea)Nissan Motor Co., Ltd. (Japan), TATA Motors Limited (India), Mahindra & Mahindra Ltd. (India), Tesla, Inc. (U.S.), Volkswagen AG (Germany), Toyota Motor Company (Japan), Mitsubishi Motors Corporation (Japan), Groupe Renault (France), Beijing Automotive Industry Corp. (BAIC) (China), SAIC Motor Corporation Limited (China), Geely Automobile Holdings Limited (China), Guangzhou Xiaopeng Motors Technology Company Ltd. (China), and NIO Inc. (China).

• Which regions/countries are likely to offer significant growth opportunities for the vendors in this market during the analysis period?

European countries are projected to offer significant growth opportunities for the vendors in this market due to increasing adoption of electric vehicles, developments in outlining stringent emission regulations, and increasing focus on reducing the number of conventional cars.

1. Introduction 
    1.1. Market Definition 
    1.2. Market Ecosystem 
    1.3. Currency and Limitations 
    1.4. Key Stakeholders 

2. Research Methodology
    2.1. Research Process 
    2.2. Data Collection & Validation 
           2.2.1. Secondary Research 
           2.2.2. Primary Research 
    2.3. Market Assessment
           2.3.1. Market Size Estimation 
                    2.3.1.1. Bottom-Up Approach 
                    2.3.1.2. Growth Forecast 
                    2.3.1.3. Covid-19 Impact Assessment 
    2.4. Assumptions for the Study  

3. Executive Summary 

4. The Impact of Covid-19 
    4.1. Covid-19 Impact on North American Electric Vehicles Market
    4.2. Covid-19 Impact on European Electric Vehicles Market 
    4.3. Covid-19 Impact on Asia-Pacific Electric Vehicles Market 

5. Market Insights
    5.1. Introduction 
    5.2. Market Dynamics 
    5.3. Drivers 
           5.3.1. Supportive Government Policies and Regulations 
           5.3.2. Increasing Investments by Leading Automotive OEMs 
           5.3.3. Rising Environmental Concerns 
           5.3.4. Decreasing Prices of Batteries 
    5.4. Restraints 
           5.4.1. Lack of Charging Infrastructure in Developing Countries 
    5.5. Opportunities
           5.5.1. Increasing Adoption of Electric Mobility in Emerging Economies  
           5.5.2. Growing Adoption of Autonomous Driving Vehicles 
    5.6. Challenges
           5.6.1. Range Limitations of Electric Vehicles
           5.6.2. Lack of Fast-Charging Infrastructure 
           5.6.3. High Cost of Electric Vehicles 
    5.7. Trends 
           5.7.1. Growing Deployment of Charging Stations by Retail MNCS 
           5.7.2. Increasing Trend of Shared Mobility 
           5.7.3. Increasing Investments in R&D for Smart Charging Systems 
    5.8. Value Chain Analysis 

6. Global Electric Vehicles Market, by Vehicle Type
    6.1. Introduction
    6.2. Passenger Vehicles
    6.3. Heavy Commercial Vehicles 
    6.4. Two-Wheelers 
    6.5. E-Scooters & Bikes 
    6.6. Light Commercial Vehicles 

7. Global Electric Vehicles Market, by Propulsion Type 
    7.1. Introduction 
    7.2. Hybrid Vehicles 
           7.2.1. Pure Hybrid Electric Vehicles 
           7.2.2. Plug-In Hybrid Electric Vehicles 
    7.3. Battery Electric Vehicles
    7.4. Fuel Cell Electric Vehicles 

8. Global Electric Vehicles Market, by Power Output 
    8.1. Introduction
    8.2. Less than 100 kW
    8.3. 100 kW to 250 kW 
    8.4. More than 250 kW

9. Global Electric Vehicles Market, by End Use 
    9.1. Introduction 
    9.2. Private Use 
    9.3. Commercial Use 
           9.3.1. Shared Mobility
           9.3.2. Micromobility 
           9.3.3. Public Transport 
    9.4. Industrial Use

10. Global Electric Vehicles Market, by Charging Standard 
    10.1. Introduction 
    10.2. Guobiao Standards (GB/T) 
    10.3. Charge De Move (CHAdeMO)
    10.4. Combined Charging System (CCS) 
    10.5. Tesla Supercharger
    10.6. Type 1 (SAE J1772) 
    10.7. Type 2 (IEC 62196) 

11. Global Electric Vehicles Market, by Geography
    11.1. Introduction 
    11.2. Asia-Pacific 
            11.2.1. China 
            11.2.2. Japan 
            11.2.3. South Korea 
            11.2.4. Thailand 
            11.2.5. Singapore
            11.2.6. India 
            11.2.7. Rest of Asia-Pacific 
    11.3. Europe 
            11.3.1. Germany 
            11.3.2. France 
            11.3.3. U.K. 
            11.3.4. Norway 
            11.3.5. Sweden 
            11.3.6. Netherlands
            11.3.7. Italy
            11.3.8. Spain
            11.3.9. Switzerland 
            11.3.10. Denmark
            11.3.11. Rest of Europe 
    11.4. North America 
            11.4.1. U.S. 
            11.4.2. Canada 
    11.5. Latin America 
    11.6. Middle East & Africa 

12. Competitive Landscape 
      12.1. Introduction 
      12.2. Key Growth Strategies 
      12.3. Competitive Benchmarking 
      12.4. Market Share Analysis
            12.4.1. Tesla, Inc. 
            12.4.2. BMW Group 
            12.4.3. BYD Company Ltd. 

13. Company Profiles 
     13.1. Tesla, Inc. 
             13.1.1. Business Overview 
             13.1.2. Product Portfolio
             13.1.3. Strategic Developments
     13.2. BMW Group 
             13.2.1. Business Overview 
             13.2.2. Product Portfolio
             13.2.3. Strategic Developments
     13.3. BYD Company Ltd.
             13.3.1. Business Overview 
             13.3.2. Product Portfolio
             13.3.3. Strategic Developments
     13.4. Volkswagen AG
             13.4.1. Business Overview 
             13.4.2. Product Portfolio
             13.4.3. Strategic Developments
     13.5. Hyundai Motor Company
             13.5.1. Business Overview 
             13.5.2. Product Portfolio
             13.5.3. Strategic Developments 
     13.6. AB Volvo 
             13.6.1. Business Overview 
             13.6.2. Product Portfolio
             13.6.3. Strategic Developments 
     13.7. Daimler AG 
             13.7.1. Business Overview 
             13.7.2. Product Portfolio
             13.7.3. Strategic Developments
     13.8. Ford Motor Company 
             13.8.1. Business Overview
             13.8.2. Product Portfolio
             13.8.3. Strategic Developments 
     13.9. General Motors Company
             13.9.1. Business Overview
             13.9.2. Product Portfolio
             13.9.3. Strategic Developments 
     13.10. Honda Motor Co., Ltd.
               13.10.1. Business Overview 
               13.10.2. Product Portfolio
               13.10.3. Strategic Developments 
     13.11. Nissan Motor Co., Ltd.
               13.11.1. Business Overview
               13.11.2. Product Portfolio
               13.11.3. Strategic Developments 
     13.12. Tata Motors Limited
               13.12.1. Business Overview
               13.12.2. Product Portfolio
               13.12.3. Strategic Developments
    13.13. Alcraft Motor Company Ltd.
               13.13.1. Business Overview 
               13.13.2. Product Portfolio
               13.13.3. Strategic Developments
     13.14. Faraday & Future Inc. 
               13.14.1. Business Overview
               13.14.2. Product Portfolio
               13.14.3. Strategic Developments 
     13.15. Zero Electric Vehicles Inc.
               13.15.1. Business Overview 
               13.15.2. Product Portfolio
               13.15.3. Strategic Developments 

14. Appendix 
     14.1. Questionnaire
     14.2. Available Customization 

List of Tables

Table 1    Market Size and CAGR (USD Million)    
Table 2    Global Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 3    Global Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 4    Electric Passenger Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 5    Electric Passenger Vehicles Market Volume, by Country/Region, 2018–2027 (Unit Thousand)    
Table 6    Electric Two-wheelers Market Size, by Country/Region, 2018–2027 (USD Million)
Table 7    Electric Two-wheelers Market Volume, by Country/Region, 2018–2027 (Unit Thousand)    
Table 8    Electric E-Scooters & Bikes Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 9    Electric E-Scooters & Bikes Market Volume, by Country/Region, 2018–2027 (Unit Thousand)
Table 10 Electric Light Commercial Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)
Table 11 Electric Light Commercial Vehicles Market Volume, by Country/Region, 2018–2027 (Unit Thousand)
Table 12 Electric Heavy Commercial Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 13 Electric Heavy Commercial Vehicles Market Volume, by Country/Region, 2018–2027 (Unit Thousand)    
Table 14 Global Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)
Table 15 Battery Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 16 Global Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 17 Hybrid Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)
Table 18 Pure Hybrid Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 19 Plug-In Hybrid Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 20 Fuel Cell Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 21 Global Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 22 Less than 100kW Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 23 100kW to 250kW Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 24 More than 250kW Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 25 Global Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 26 Electric Vehicles Market Size for Private Use, by Country/Region, 2018–2027 (USD Million)    
Table 27 Global Electric Vehicles Market Size, by Commercial Use, 2018–2027 (USD Million)    
Table 28 Electric Vehicles Market Size for Commercial Use, by Country/Region, 2018–2027 (USD Million)    
Table 29 Electric Vehicles Market Size for Micromobility, by Country/Region, 2018–2027 (USD Million)    
Table 30 Electric Vehicles Market Size for Public Transport, by Country/Region, 2018–2027 (USD Million)    
Table 31 Electric Vehicles Market Size for Shared Mobility, by Country/Region, 2018–2027 (USD Million)
Table 32 Electric Vehicles Market Size for Industrial Use, by Country/Region, 2018–2027 (USD Million)    
Table 33 Global Electric Vehicles Market Size, by Country/Region, 2018-2027 (USD Million)    
Table 34 Global Electric Vehicles Market Volume, by Country/Region, 2018-2027 (Unit Thousand)    
Table 35 Asia-Pacific: Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 36 Asia-Pacific: Electric Vehicles Market Volume, by Country/Region, 2018–2027 (Unit Thousand)    
Table 37 Asia-Pacific: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 38 Asia-Pacific: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 39 Asia-Pacific: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 40 Asia-Pacific: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 41 Asia-Pacific: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 42 Asia-Pacific: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 43 Asia-Pacific: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)     
Table 44 China: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 45 China: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousands)    
Table 46 China: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 47 China: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 48 China: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)
Table 49 China: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 50 China: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 51 Japan: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 52 Japan: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 53 Japan: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 54 Japan: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 55 Japan: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 56 Japan: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 57 Japan: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 58 South Korea: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 59 South Korea: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 60 South Korea: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)
Table 61 South Korea: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 62 South Korea: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 63 South Korea: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 64 South Korea: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)     
Table 65 India: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 66 India: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 67 India: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 68 India: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 69 India: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 70 India: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 71 India: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 72 Thailand: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 73 Thailand: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 74 Thailand: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 75 Thailand: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 76 Thailand: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 77 Thailand: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 78 Thailand: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 79 Singapore: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 80 Singapore: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 81 Singapore: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)
Table 82 Singapore: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 83 Singapore: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 84 Singapore: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 85 Singapore: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 86 Rest of Asia-Pacific: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 87 Rest of Asia-Pacific: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)     
Table 88 Rest of Asia-Pacific: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)     
Table 89 Rest of Asia-Pacific: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 90 Rest of Asia-Pacific: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 91 Rest of Asia-Pacific: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 92 Rest of Asia-Pacific: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)     
Table 93 Europe: Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 94 Europe: Electric Vehicles Market Volume, by Country/Region, 2018–2027 (Unit Thousand)    
Table 95 Europe: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 96 Europe: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 97 Europe: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 98 Europe: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 99 Europe: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 100 Europe: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 101 Europe: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 102 Germany: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 103 Germany: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 104 Germany: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 105 Germany: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 106 Germany: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 107 Germany: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 108 Germany: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 109 France: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 110 France: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 111 France: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 112 France: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 113 France: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 114 France: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 115 France: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 116 Netherlands: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 117 Netherlands: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 118 Netherlands: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 119 Netherlands: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 120 Netherlands: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 121 Netherlands: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 122 Netherlands: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 123 U.K.: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 124 U.K.: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 125 U.K.: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 126 U.K.: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 127 U.K.: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 128 U.K.: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 129 U.K.: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 130 Italy: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 131 Italy: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 132 Italy: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 133 Italy: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 134 Italy: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 135 Italy: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 136 Italy: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 137 Norway: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 138 Norway: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 139 Norway: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 140 Norway: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 141 Norway: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 142 Norway: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)
Table 143 Norway: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 144 Spain: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 145 Spain: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand    
Table 146 Spain: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 147 Spain: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 148 Spain: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 149 Spain: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 150 Spain: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 151 Sweden: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 152 Sweden: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 153 Sweden: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 154 Sweden: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 155 Sweden: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 156 Sweden: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 157 Sweden: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 158 Switzerland: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 159 Switzerland: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 160 Switzerland: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 161 Switzerland: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 162 Switzerland: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 163 Switzerland: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 164 Switzerland: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 165 Denmark: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 166 Denmark: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)
Table 167 Denmark: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 168 Denmark: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 169 Denmark: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 170 Denmark: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 171 Denmark: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 172 Rest of Europe: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 173 Rest of Europe: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 174 Rest of Europe: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 175 Rest of Europe: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 176 Rest of Europe: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 177 Rest of Europe: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 178 Rest of Europe: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 179 North America: Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 180 North America: Electric Vehicles Market Volume, by Country/Region, 2018–2027 (Unit Thousand)    
Table 181 North America: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 182 North America: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 183 North America: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 184 North America: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 185 North America: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 186 North America: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 187 North America: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 188 U.S.: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 189 U.S.: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 190 U.S.: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 191 U.S.: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 192 U.S.: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 193 U.S.: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 194 U.S.: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 195 Canada: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 196 Canada: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 197 Canada: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 198 Canada: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 199 Canada: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 200 Canada: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 201 Canada: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 202 Latin America: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 203 Latin America: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 204 Latin America: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 205 Latin America: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 206 Latin America: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)
Table 207 Latin America: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)
Table 208 Latin America: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 209 Middle East & Africa: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 210 Middle East & Africa: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 211 Middle East & Africa: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 212 Middle East & Africa: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 213 Middle East & Africa: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 214 Middle East & Africa: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 215 Middle East & Africa: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 216 Electric Vehicles Market: Recent Developments, by Company, 2017–2020    

List of Figures

Figure 1 Currency and Limitations    
Figure 2 Research Process    
Figure 3 Key Secondary Sources    
Figure 4 Primary Research Techniques    
Figure 5 Key Executives Interviewed    
Figure 6 Market Size Estimation    
Figure 7 Key Insights    
Figure 8 Global Electric Vehicles Market, by Vehicle Type, 2020 vs. 2027, (USD Million)    
Figure 9 Global Electric Vehicles Market, by Vehicle Type, 2020 vs. 2027, (Unit Thousand)    
Figure 10 Global Electric Vehicles Market, by Propulsion Type, 2020 vs. 2027, (USD Million)    
Figure 11 Global Electric Vehicles Market, by Power Output, 2020 vs. 2027, (USD Million)    
Figure 12 Global Electric Vehicles Market, by End Use, 2020 vs. 2027, (USD Million)    
Figure 13 Geographic Snapshot: Global Electric Vehicles Market, (Value Share & CAGR)    
Figure 14 Geographic Snapshot: Global Electric Vehicles Market, (Volume Share & CAGR)    
Figure 15 The Impact of Covid-19 on the Global Electric Vehicles Market    
Figure 16 Electric Vehicles Value Chain    
Figure 17 Global Electric Vehicles Market Size, by Vehicle Type, 2020–2027 (USD Million)    
Figure 18 Global Electric Vehicles Market Size, by Vehicle Type, 2020–2027 (Unit Thousand)    
Figure 19 Global Electric Vehicles Market Size, by Propulsion Type, 2020–2027 (USD Million)    
Figure 20 Global Electric Vehicles Market Size, by Power Output, 2020–2027 (USD Million)    
Figure 21 Global Electric Vehicles Market Size, by End Use, 2020–2027 (USD Million)    
Figure 22 Global Electric Vehicles Market Size, by Geography, 2020–2027 (USD Million)    
Figure 23 Global Electric Vehicles Market Size, by Geography, 2020–2027 (Unit Thousand)    
Figure 24 Popular Electric Vehicles on the U.K. Roads    
Figure 25 Sale of Electric Vehicles in the U.K. (2019–2020)    
Figure 26 Key Growth Strategies Adopted by Leading Players, 2017–2020
Figure 27 Global Electric Vehicles Market: Competitive Benchmarking    
Figure 28 Market Share Analysis: Global Electric Vehicles Market, 2019    
Figure 29 Tesla, Inc.: Financial Overview (2019)    
Figure 30 BMW Group: Financial Overview (2019)    
Figure 31 BYD Company Ltd.: Financial Overview (2019)    
Figure 32 Volkswagen Ag: Financial Overview (2019)    
Figure 33 Hyundai Motor Company: Financial Overview (2020)    
Figure 34 AB Volvo: Financial Overview (2020)    
Figure 35 Daimler AG: Financial Overview (2019)    
Figure 36 Ford Motor Company: Financial Overview (2019)    
Figure 37 General Motors Company: Financial Overview (2019)    
Figure 38 Honda Motor Co., Ltd.: Financial Overview (2020)    
Figure 39 Nissan Motor Co., Ltd.: Financial Overview (2019)    
Figure 40 Tata Motors Limited: Financial Overview (2020)    

 
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Related Research

The electric vehicles market is expected to grow at a CAGR of 33.6% from 2020 to reach $2,495.4 billion by 2027. In terms of volume, this market is expected to grow at a CAGR of 21.7% to reach 233.9 million units by 2027.  million units by 2027. The supportive government policies and regulations, increasing investments by leading automotive OEMs, rising environmental concerns, decreasing prices of batteries, and advancements in charging technologies are the key factors driving the growth of the electric vehicles market.

The Impact of COVID-19 on the Electric Vehicles Market

The COVID-19 pandemic emerged around the end of December 2019 in Wuhan, China. By March 2020, it had already spread worldwide, resulting in huge casualties and heavy economic losses. The pandemic has severely impacted several sectors, including the automotive sector, with major manufacturers shutting down their operations completely or operating at reduced capacities following the directives issued by their respective governments. Uncertainty regarding the duration of the lockdown and supply-chain disruptions made it more difficult for players to anticipate the industry's recovery. This crisis caused structural shifts that had significant implications on the market.

In 2019, the global sales of electric vehicles had crossed 2 million. However, the COVID-19 crisis led to disrupted supply chains, limited operations and workforce, and factory closures. This caused a severe decline in vehicle sales, especially in the electric vehicles segment. However, the electric vehicles market is expected to recover quickly due to China’s strong growth. Post-COVID-19, the electric vehicles market is estimated to reach 4.18 million units by the end of 2021.

According to Meticulous Analysis, developed areas of China and Europe are poised to have a strong recovery while the U.S. is estimated to fall behind. Aggressive government initiatives in stabilizing the automobile industry are anticipated as a key factor triggering the adoption rate in coming years.

Electric Vehicles (ev) Market

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Supportive government policies and regulations to drive the demand for electric vehicles

Governments worldwide are increasingly investing in electric mobility. The increasing government regulations to phase out fossil fuel-powered vehicles, government investments for improving public EV charging infrastructure, and initiatives in the form of subsidies & tax rebates for adopting EVs are expected to support this market growth. Governments are investing in charging infrastructures either through direct investments for public charging stations or by providing subsidies for private charging stations at homes and workplaces.

In 2020, China announced subsidies amounting to USD 1.4 billion for installing charging stations. In the same year, to boost the EV demand, the German government announced all its fuel filling stations to set up electric car charging stations. The chargers are installed under its economic recovery plan with approximately USD 154.9 billion (EUR 130 billion) to help remove refueling concerns and boost consumer demand.

Decreasing prices of batteries to support the market growth

Battery electric vehicles majorly include autonomous delivery vehicles, industrial vehicles, and public transport vehicles. However, the cost and range limitations associated with EV batteries are a major restraining factor for the complete transition to electric mobility. Its capacity determines the cost of an electric vehicle battery in kilowatt-hours (kWh), which dictates its range and the power level of the motor that it supplies. Technological advancements have brought down the cost of EVs. EV battery manufacturers are focusing on providing high-capacity batteries and reducing battery prices to ensure the overall cost of a vehicle falls under the subsidized range. Government regulations to phase out fossil fuel-powered vehicles, increasing concerns raised over conventional vehicles' environmental impact, improvement in battery capacity, and supporting government policies and regulations are promoting the market growth.

Key Findings in the Electric Vehicles Market Study:

During the forecast period, the light commercial vehicles segment to grow at the highest CAGR.

Based on vehicle type, the electric vehicles market is segmented into passenger vehicles, heavy commercial vehicles, two-wheelers, e-scooters & bikes, and light commercial vehicles. The light commercial vehicles segment is expected to grow at the highest CAGR during the forecast period. This segment's rapid growth is mainly attributed to the growing awareness regarding the role of electric vehicles in reducing emissions, increase in demand for electric vehicles to reduce fleet emissions, and stringent government rules and regulations towards vehicle emissions. Retail MNCs and transport fleet operators are shifting to electric light commercial vehicles. The mass production of batteries and the attractive tax incentives offered by governments have further brought down vehicle costs, making electric light commercial vehicles much more cost-effective.  

The fuel cell electric vehicles segment is projected to grow at the highest CAGR during the forecast period.

Based on propulsion type, the electric vehicles market is mainly segmented into hybrid vehicles, battery electric vehicles, and fuel cell electric vehicles. The fuel cell electric vehicles segment is expected to grow at the highest CAGR during the forecast period. This segment's rapid growth is mainly attributed to the increasing demand for vehicles with low carbon emissions, strict carbon emission norms, growing emphasis on the adoption of FCEVs due to advantages such as fast refueling, and increasing government initiatives and investments for advancing fuel cell technology.

The 100 kW to 250 kW segment is projected to grow at the highest CAGR during the forecast period.

Based on power output, the electric vehicles market is mainly segmented into less than 100 kW, 100 kW to 250 kW, and more than 250 kW. The 100 kW to 250 kW segment is expected to grow at the highest CAGR during the forecast period. This segment's rapid growth is mainly attributed to the increasing adoption of electric buses and trucks, mainly for public transportation and freight service applications. Power output between 100kW–250kW is widely observed in EVs, including passenger vehicles and light commercial vehicles such as vans, pick-up trucks, and utility vehicles. The adoption of such EVs is increasing due to the rise in fuel prices and government initiatives for lowering fleet emissions of buses and trucks.

The commercial use segment is projected to grow at the highest CAGR during the forecast period

Based on end use, the electric vehicles market is segmented into private use, commercial use, and industrial use. The commercial use segment is projected to grow at the highest CAGR during the forecast period. This segment's high growth is attributed to the increase in fuel prices and stringent emission norms set by governments, growing adoption of autonomous delivery vehicles, and the increasing adoption of electric buses and trucks. Electric vehicles being used for commercial applications will be an increasingly common sight on roads in the future. Electric commercial vehicles help lower greenhouse gas emissions, reduce dependence on fossil fuels, ensure smooth operation, and meet the latest emissions regulations.  

Europe to be the fastest-growing regional market

The high growth of the electric vehicles market in the European region is majorly attributed to the consistent developments in making stringent emission regulations by the European Union and increasing focus on reducing the number of conventional cars. Norway leads the way for electric mobility adoption in Europe. The share of battery electric vehicles in new car sales raised to 54.3% in 2020, and it is expected to surpass 65% of the market share in 2021.

Key Players

The key players operating in this market are BMW Group (Germany), BYD Company Ltd. (China), Daimler AG (Germany), Honda Motor Co., Ltd. (Japan), Hyundai Motor Company (South Korea), Kia Corporation (South Korea)Nissan Motor Co., Ltd. (Japan), TATA Motors Limited (India), Mahindra & Mahindra Ltd. (India), Tesla, Inc. (U.S.), Volkswagen AG (Germany), Toyota Motor Company (Japan), Mitsubishi Motors Corporation (Japan), Groupe Renault (France), Beijing Automotive Industry Corp. (BAIC) (China), SAIC Motor Corporation Limited (China), Geely Automobile Holdings Limited (China), Guangzhou Xiaopeng Motors Technology Company Ltd. (China), and NIO Inc. (China).

Scope of the Report

Electric Vehicles Market, by Vehicle Type

  • Passenger Vehicles
  • Heavy Commercial Vehicles
  • Two-Wheelers
  • E-Scooters & Bikes
  • Light Commercial Vehicles

Electric Vehicles Market, by Propulsion Type

  • Hybrid Vehicles
    • Pure Hybrid Vehicles
    • Plug-in Hybrid Vehicles
  • Battery Electric Vehicles
  • Fuel Cell Electric Vehicles

Electric Vehicles Market, by Power Output

  • Less than 100 kW
  • 100 kW to 250 kW
  • More than 250 kW

Electric Vehicles Market, by End Use

  • Private Use
  • Commercial Use
    • Shared Mobility
    • Micromobility
    • Public Transport
  • Industrial Use

Electric Vehicles Market, by Charging Standard

  • Guobiao standards (GB/T)
  • CHArge de MOve (CHAdeMO)
  • Combined Charging System (CCS)
  • Tesla Supercharger
  • Type 1 (SAE J1772)
  • Type 2 (IEC 62196)

Electric Vehicles Market, by Geography

  • Asia-Pacific (APAC)
    • China
    • Japan
    • South Korea
    • Thailand
    • Singapore
    • India
    • Rest of Asia-Pacific (RoAPAC)
  • Europe
    • Germany
    • France
    • U.K.
    • Norway
    • Sweden
    • Netherlands
    • Italy
    • Spain
    • Switzerland
    • Denmark
    • Rest of Europe (RoE)
  • North America
    • U.S.
    • Canada
  • Rest of the World
    • Latin America
    • Middle East & Africa

Key Questions Answered in the Report:

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1. Introduction 
    1.1. Market Definition 
    1.2. Market Ecosystem 
    1.3. Currency and Limitations 
    1.4. Key Stakeholders 

2. Research Methodology
    2.1. Research Process 
    2.2. Data Collection & Validation 
           2.2.1. Secondary Research 
           2.2.2. Primary Research 
    2.3. Market Assessment
           2.3.1. Market Size Estimation 
                    2.3.1.1. Bottom-Up Approach 
                    2.3.1.2. Growth Forecast 
                    2.3.1.3. Covid-19 Impact Assessment 
    2.4. Assumptions for the Study  

3. Executive Summary 

4. The Impact of Covid-19 
    4.1. Covid-19 Impact on North American Electric Vehicles Market
    4.2. Covid-19 Impact on European Electric Vehicles Market 
    4.3. Covid-19 Impact on Asia-Pacific Electric Vehicles Market 

5. Market Insights
    5.1. Introduction 
    5.2. Market Dynamics 
    5.3. Drivers 
           5.3.1. Supportive Government Policies and Regulations 
           5.3.2. Increasing Investments by Leading Automotive OEMs 
           5.3.3. Rising Environmental Concerns 
           5.3.4. Decreasing Prices of Batteries 
    5.4. Restraints 
           5.4.1. Lack of Charging Infrastructure in Developing Countries 
    5.5. Opportunities
           5.5.1. Increasing Adoption of Electric Mobility in Emerging Economies  
           5.5.2. Growing Adoption of Autonomous Driving Vehicles 
    5.6. Challenges
           5.6.1. Range Limitations of Electric Vehicles
           5.6.2. Lack of Fast-Charging Infrastructure 
           5.6.3. High Cost of Electric Vehicles 
    5.7. Trends 
           5.7.1. Growing Deployment of Charging Stations by Retail MNCS 
           5.7.2. Increasing Trend of Shared Mobility 
           5.7.3. Increasing Investments in R&D for Smart Charging Systems 
    5.8. Value Chain Analysis 

6. Global Electric Vehicles Market, by Vehicle Type
    6.1. Introduction
    6.2. Passenger Vehicles
    6.3. Heavy Commercial Vehicles 
    6.4. Two-Wheelers 
    6.5. E-Scooters & Bikes 
    6.6. Light Commercial Vehicles 

7. Global Electric Vehicles Market, by Propulsion Type 
    7.1. Introduction 
    7.2. Hybrid Vehicles 
           7.2.1. Pure Hybrid Electric Vehicles 
           7.2.2. Plug-In Hybrid Electric Vehicles 
    7.3. Battery Electric Vehicles
    7.4. Fuel Cell Electric Vehicles 

8. Global Electric Vehicles Market, by Power Output 
    8.1. Introduction
    8.2. Less than 100 kW
    8.3. 100 kW to 250 kW 
    8.4. More than 250 kW

9. Global Electric Vehicles Market, by End Use 
    9.1. Introduction 
    9.2. Private Use 
    9.3. Commercial Use 
           9.3.1. Shared Mobility
           9.3.2. Micromobility 
           9.3.3. Public Transport 
    9.4. Industrial Use

10. Global Electric Vehicles Market, by Charging Standard 
    10.1. Introduction 
    10.2. Guobiao Standards (GB/T) 
    10.3. Charge De Move (CHAdeMO)
    10.4. Combined Charging System (CCS) 
    10.5. Tesla Supercharger
    10.6. Type 1 (SAE J1772) 
    10.7. Type 2 (IEC 62196) 

11. Global Electric Vehicles Market, by Geography
    11.1. Introduction 
    11.2. Asia-Pacific 
            11.2.1. China 
            11.2.2. Japan 
            11.2.3. South Korea 
            11.2.4. Thailand 
            11.2.5. Singapore
            11.2.6. India 
            11.2.7. Rest of Asia-Pacific 
    11.3. Europe 
            11.3.1. Germany 
            11.3.2. France 
            11.3.3. U.K. 
            11.3.4. Norway 
            11.3.5. Sweden 
            11.3.6. Netherlands
            11.3.7. Italy
            11.3.8. Spain
            11.3.9. Switzerland 
            11.3.10. Denmark
            11.3.11. Rest of Europe 
    11.4. North America 
            11.4.1. U.S. 
            11.4.2. Canada 
    11.5. Latin America 
    11.6. Middle East & Africa 

12. Competitive Landscape 
      12.1. Introduction 
      12.2. Key Growth Strategies 
      12.3. Competitive Benchmarking 
      12.4. Market Share Analysis
            12.4.1. Tesla, Inc. 
            12.4.2. BMW Group 
            12.4.3. BYD Company Ltd. 

13. Company Profiles 
     13.1. Tesla, Inc. 
             13.1.1. Business Overview 
             13.1.2. Product Portfolio
             13.1.3. Strategic Developments
     13.2. BMW Group 
             13.2.1. Business Overview 
             13.2.2. Product Portfolio
             13.2.3. Strategic Developments
     13.3. BYD Company Ltd.
             13.3.1. Business Overview 
             13.3.2. Product Portfolio
             13.3.3. Strategic Developments
     13.4. Volkswagen AG
             13.4.1. Business Overview 
             13.4.2. Product Portfolio
             13.4.3. Strategic Developments
     13.5. Hyundai Motor Company
             13.5.1. Business Overview 
             13.5.2. Product Portfolio
             13.5.3. Strategic Developments 
     13.6. AB Volvo 
             13.6.1. Business Overview 
             13.6.2. Product Portfolio
             13.6.3. Strategic Developments 
     13.7. Daimler AG 
             13.7.1. Business Overview 
             13.7.2. Product Portfolio
             13.7.3. Strategic Developments
     13.8. Ford Motor Company 
             13.8.1. Business Overview
             13.8.2. Product Portfolio
             13.8.3. Strategic Developments 
     13.9. General Motors Company
             13.9.1. Business Overview
             13.9.2. Product Portfolio
             13.9.3. Strategic Developments 
     13.10. Honda Motor Co., Ltd.
               13.10.1. Business Overview 
               13.10.2. Product Portfolio
               13.10.3. Strategic Developments 
     13.11. Nissan Motor Co., Ltd.
               13.11.1. Business Overview
               13.11.2. Product Portfolio
               13.11.3. Strategic Developments 
     13.12. Tata Motors Limited
               13.12.1. Business Overview
               13.12.2. Product Portfolio
               13.12.3. Strategic Developments
    13.13. Alcraft Motor Company Ltd.
               13.13.1. Business Overview 
               13.13.2. Product Portfolio
               13.13.3. Strategic Developments
     13.14. Faraday & Future Inc. 
               13.14.1. Business Overview
               13.14.2. Product Portfolio
               13.14.3. Strategic Developments 
     13.15. Zero Electric Vehicles Inc.
               13.15.1. Business Overview 
               13.15.2. Product Portfolio
               13.15.3. Strategic Developments 

14. Appendix 
     14.1. Questionnaire
     14.2. Available Customization 

List of Tables

Table 1    Market Size and CAGR (USD Million)    
Table 2    Global Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 3    Global Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 4    Electric Passenger Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 5    Electric Passenger Vehicles Market Volume, by Country/Region, 2018–2027 (Unit Thousand)    
Table 6    Electric Two-wheelers Market Size, by Country/Region, 2018–2027 (USD Million)
Table 7    Electric Two-wheelers Market Volume, by Country/Region, 2018–2027 (Unit Thousand)    
Table 8    Electric E-Scooters & Bikes Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 9    Electric E-Scooters & Bikes Market Volume, by Country/Region, 2018–2027 (Unit Thousand)
Table 10 Electric Light Commercial Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)
Table 11 Electric Light Commercial Vehicles Market Volume, by Country/Region, 2018–2027 (Unit Thousand)
Table 12 Electric Heavy Commercial Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 13 Electric Heavy Commercial Vehicles Market Volume, by Country/Region, 2018–2027 (Unit Thousand)    
Table 14 Global Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)
Table 15 Battery Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 16 Global Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 17 Hybrid Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)
Table 18 Pure Hybrid Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 19 Plug-In Hybrid Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 20 Fuel Cell Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 21 Global Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 22 Less than 100kW Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 23 100kW to 250kW Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 24 More than 250kW Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 25 Global Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 26 Electric Vehicles Market Size for Private Use, by Country/Region, 2018–2027 (USD Million)    
Table 27 Global Electric Vehicles Market Size, by Commercial Use, 2018–2027 (USD Million)    
Table 28 Electric Vehicles Market Size for Commercial Use, by Country/Region, 2018–2027 (USD Million)    
Table 29 Electric Vehicles Market Size for Micromobility, by Country/Region, 2018–2027 (USD Million)    
Table 30 Electric Vehicles Market Size for Public Transport, by Country/Region, 2018–2027 (USD Million)    
Table 31 Electric Vehicles Market Size for Shared Mobility, by Country/Region, 2018–2027 (USD Million)
Table 32 Electric Vehicles Market Size for Industrial Use, by Country/Region, 2018–2027 (USD Million)    
Table 33 Global Electric Vehicles Market Size, by Country/Region, 2018-2027 (USD Million)    
Table 34 Global Electric Vehicles Market Volume, by Country/Region, 2018-2027 (Unit Thousand)    
Table 35 Asia-Pacific: Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 36 Asia-Pacific: Electric Vehicles Market Volume, by Country/Region, 2018–2027 (Unit Thousand)    
Table 37 Asia-Pacific: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 38 Asia-Pacific: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 39 Asia-Pacific: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 40 Asia-Pacific: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 41 Asia-Pacific: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 42 Asia-Pacific: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 43 Asia-Pacific: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)     
Table 44 China: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 45 China: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousands)    
Table 46 China: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 47 China: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 48 China: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)
Table 49 China: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 50 China: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 51 Japan: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 52 Japan: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 53 Japan: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 54 Japan: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 55 Japan: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 56 Japan: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 57 Japan: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 58 South Korea: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 59 South Korea: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 60 South Korea: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)
Table 61 South Korea: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 62 South Korea: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 63 South Korea: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 64 South Korea: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)     
Table 65 India: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 66 India: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 67 India: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 68 India: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 69 India: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 70 India: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 71 India: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 72 Thailand: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 73 Thailand: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 74 Thailand: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 75 Thailand: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 76 Thailand: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 77 Thailand: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 78 Thailand: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 79 Singapore: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 80 Singapore: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 81 Singapore: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)
Table 82 Singapore: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 83 Singapore: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 84 Singapore: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 85 Singapore: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 86 Rest of Asia-Pacific: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 87 Rest of Asia-Pacific: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)     
Table 88 Rest of Asia-Pacific: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)     
Table 89 Rest of Asia-Pacific: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 90 Rest of Asia-Pacific: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 91 Rest of Asia-Pacific: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 92 Rest of Asia-Pacific: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)     
Table 93 Europe: Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 94 Europe: Electric Vehicles Market Volume, by Country/Region, 2018–2027 (Unit Thousand)    
Table 95 Europe: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 96 Europe: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 97 Europe: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 98 Europe: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 99 Europe: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 100 Europe: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 101 Europe: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 102 Germany: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 103 Germany: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 104 Germany: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 105 Germany: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 106 Germany: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 107 Germany: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 108 Germany: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 109 France: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 110 France: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 111 France: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 112 France: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 113 France: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 114 France: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 115 France: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 116 Netherlands: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 117 Netherlands: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 118 Netherlands: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 119 Netherlands: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 120 Netherlands: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 121 Netherlands: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 122 Netherlands: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 123 U.K.: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 124 U.K.: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 125 U.K.: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 126 U.K.: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 127 U.K.: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 128 U.K.: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 129 U.K.: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 130 Italy: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 131 Italy: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 132 Italy: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 133 Italy: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 134 Italy: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 135 Italy: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 136 Italy: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 137 Norway: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 138 Norway: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 139 Norway: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 140 Norway: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 141 Norway: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 142 Norway: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)
Table 143 Norway: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 144 Spain: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 145 Spain: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand    
Table 146 Spain: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 147 Spain: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 148 Spain: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 149 Spain: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 150 Spain: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 151 Sweden: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 152 Sweden: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 153 Sweden: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 154 Sweden: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 155 Sweden: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 156 Sweden: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 157 Sweden: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 158 Switzerland: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 159 Switzerland: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 160 Switzerland: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 161 Switzerland: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 162 Switzerland: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 163 Switzerland: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 164 Switzerland: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 165 Denmark: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 166 Denmark: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)
Table 167 Denmark: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 168 Denmark: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 169 Denmark: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 170 Denmark: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 171 Denmark: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 172 Rest of Europe: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 173 Rest of Europe: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 174 Rest of Europe: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 175 Rest of Europe: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 176 Rest of Europe: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 177 Rest of Europe: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 178 Rest of Europe: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 179 North America: Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 180 North America: Electric Vehicles Market Volume, by Country/Region, 2018–2027 (Unit Thousand)    
Table 181 North America: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 182 North America: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 183 North America: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 184 North America: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 185 North America: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 186 North America: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 187 North America: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 188 U.S.: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 189 U.S.: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 190 U.S.: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 191 U.S.: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 192 U.S.: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 193 U.S.: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 194 U.S.: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 195 Canada: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 196 Canada: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 197 Canada: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 198 Canada: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 199 Canada: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 200 Canada: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 201 Canada: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 202 Latin America: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 203 Latin America: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 204 Latin America: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 205 Latin America: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 206 Latin America: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)
Table 207 Latin America: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)
Table 208 Latin America: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 209 Middle East & Africa: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 210 Middle East & Africa: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 211 Middle East & Africa: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 212 Middle East & Africa: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 213 Middle East & Africa: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 214 Middle East & Africa: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 215 Middle East & Africa: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 216 Electric Vehicles Market: Recent Developments, by Company, 2017–2020    

List of Figures

Figure 1 Currency and Limitations    
Figure 2 Research Process    
Figure 3 Key Secondary Sources    
Figure 4 Primary Research Techniques    
Figure 5 Key Executives Interviewed    
Figure 6 Market Size Estimation    
Figure 7 Key Insights    
Figure 8 Global Electric Vehicles Market, by Vehicle Type, 2020 vs. 2027, (USD Million)    
Figure 9 Global Electric Vehicles Market, by Vehicle Type, 2020 vs. 2027, (Unit Thousand)    
Figure 10 Global Electric Vehicles Market, by Propulsion Type, 2020 vs. 2027, (USD Million)    
Figure 11 Global Electric Vehicles Market, by Power Output, 2020 vs. 2027, (USD Million)    
Figure 12 Global Electric Vehicles Market, by End Use, 2020 vs. 2027, (USD Million)    
Figure 13 Geographic Snapshot: Global Electric Vehicles Market, (Value Share & CAGR)    
Figure 14 Geographic Snapshot: Global Electric Vehicles Market, (Volume Share & CAGR)    
Figure 15 The Impact of Covid-19 on the Global Electric Vehicles Market    
Figure 16 Electric Vehicles Value Chain    
Figure 17 Global Electric Vehicles Market Size, by Vehicle Type, 2020–2027 (USD Million)    
Figure 18 Global Electric Vehicles Market Size, by Vehicle Type, 2020–2027 (Unit Thousand)    
Figure 19 Global Electric Vehicles Market Size, by Propulsion Type, 2020–2027 (USD Million)    
Figure 20 Global Electric Vehicles Market Size, by Power Output, 2020–2027 (USD Million)    
Figure 21 Global Electric Vehicles Market Size, by End Use, 2020–2027 (USD Million)    
Figure 22 Global Electric Vehicles Market Size, by Geography, 2020–2027 (USD Million)    
Figure 23 Global Electric Vehicles Market Size, by Geography, 2020–2027 (Unit Thousand)    
Figure 24 Popular Electric Vehicles on the U.K. Roads    
Figure 25 Sale of Electric Vehicles in the U.K. (2019–2020)    
Figure 26 Key Growth Strategies Adopted by Leading Players, 2017–2020
Figure 27 Global Electric Vehicles Market: Competitive Benchmarking    
Figure 28 Market Share Analysis: Global Electric Vehicles Market, 2019    
Figure 29 Tesla, Inc.: Financial Overview (2019)    
Figure 30 BMW Group: Financial Overview (2019)    
Figure 31 BYD Company Ltd.: Financial Overview (2019)    
Figure 32 Volkswagen Ag: Financial Overview (2019)    
Figure 33 Hyundai Motor Company: Financial Overview (2020)    
Figure 34 AB Volvo: Financial Overview (2020)    
Figure 35 Daimler AG: Financial Overview (2019)    
Figure 36 Ford Motor Company: Financial Overview (2019)    
Figure 37 General Motors Company: Financial Overview (2019)    
Figure 38 Honda Motor Co., Ltd.: Financial Overview (2020)    
Figure 39 Nissan Motor Co., Ltd.: Financial Overview (2019)    
Figure 40 Tata Motors Limited: Financial Overview (2020)    

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1. Introduction 
    1.1. Market Definition 
    1.2. Market Ecosystem 
    1.3. Currency and Limitations 
    1.4. Key Stakeholders 

2. Research Methodology
    2.1. Research Process 
    2.2. Data Collection & Validation 
           2.2.1. Secondary Research 
           2.2.2. Primary Research 
    2.3. Market Assessment
           2.3.1. Market Size Estimation 
                    2.3.1.1. Bottom-Up Approach 
                    2.3.1.2. Growth Forecast 
                    2.3.1.3. Covid-19 Impact Assessment 
    2.4. Assumptions for the Study  

3. Executive Summary 

4. The Impact of Covid-19 
    4.1. Covid-19 Impact on North American Electric Vehicles Market
    4.2. Covid-19 Impact on European Electric Vehicles Market 
    4.3. Covid-19 Impact on Asia-Pacific Electric Vehicles Market 

5. Market Insights
    5.1. Introduction 
    5.2. Market Dynamics 
    5.3. Drivers 
           5.3.1. Supportive Government Policies and Regulations 
           5.3.2. Increasing Investments by Leading Automotive OEMs 
           5.3.3. Rising Environmental Concerns 
           5.3.4. Decreasing Prices of Batteries 
    5.4. Restraints 
           5.4.1. Lack of Charging Infrastructure in Developing Countries 
    5.5. Opportunities
           5.5.1. Increasing Adoption of Electric Mobility in Emerging Economies  
           5.5.2. Growing Adoption of Autonomous Driving Vehicles 
    5.6. Challenges
           5.6.1. Range Limitations of Electric Vehicles
           5.6.2. Lack of Fast-Charging Infrastructure 
           5.6.3. High Cost of Electric Vehicles 
    5.7. Trends 
           5.7.1. Growing Deployment of Charging Stations by Retail MNCS 
           5.7.2. Increasing Trend of Shared Mobility 
           5.7.3. Increasing Investments in R&D for Smart Charging Systems 
    5.8. Value Chain Analysis 

6. Global Electric Vehicles Market, by Vehicle Type
    6.1. Introduction
    6.2. Passenger Vehicles
    6.3. Heavy Commercial Vehicles 
    6.4. Two-Wheelers 
    6.5. E-Scooters & Bikes 
    6.6. Light Commercial Vehicles 

7. Global Electric Vehicles Market, by Propulsion Type 
    7.1. Introduction 
    7.2. Hybrid Vehicles 
           7.2.1. Pure Hybrid Electric Vehicles 
           7.2.2. Plug-In Hybrid Electric Vehicles 
    7.3. Battery Electric Vehicles
    7.4. Fuel Cell Electric Vehicles 

8. Global Electric Vehicles Market, by Power Output 
    8.1. Introduction
    8.2. Less than 100 kW
    8.3. 100 kW to 250 kW 
    8.4. More than 250 kW

9. Global Electric Vehicles Market, by End Use 
    9.1. Introduction 
    9.2. Private Use 
    9.3. Commercial Use 
           9.3.1. Shared Mobility
           9.3.2. Micromobility 
           9.3.3. Public Transport 
    9.4. Industrial Use

10. Global Electric Vehicles Market, by Charging Standard 
    10.1. Introduction 
    10.2. Guobiao Standards (GB/T) 
    10.3. Charge De Move (CHAdeMO)
    10.4. Combined Charging System (CCS) 
    10.5. Tesla Supercharger
    10.6. Type 1 (SAE J1772) 
    10.7. Type 2 (IEC 62196) 

11. Global Electric Vehicles Market, by Geography
    11.1. Introduction 
    11.2. Asia-Pacific 
            11.2.1. China 
            11.2.2. Japan 
            11.2.3. South Korea 
            11.2.4. Thailand 
            11.2.5. Singapore
            11.2.6. India 
            11.2.7. Rest of Asia-Pacific 
    11.3. Europe 
            11.3.1. Germany 
            11.3.2. France 
            11.3.3. U.K. 
            11.3.4. Norway 
            11.3.5. Sweden 
            11.3.6. Netherlands
            11.3.7. Italy
            11.3.8. Spain
            11.3.9. Switzerland 
            11.3.10. Denmark
            11.3.11. Rest of Europe 
    11.4. North America 
            11.4.1. U.S. 
            11.4.2. Canada 
    11.5. Latin America 
    11.6. Middle East & Africa 

12. Competitive Landscape 
      12.1. Introduction 
      12.2. Key Growth Strategies 
      12.3. Competitive Benchmarking 
      12.4. Market Share Analysis
            12.4.1. Tesla, Inc. 
            12.4.2. BMW Group 
            12.4.3. BYD Company Ltd. 

13. Company Profiles 
     13.1. Tesla, Inc. 
             13.1.1. Business Overview 
             13.1.2. Product Portfolio
             13.1.3. Strategic Developments
     13.2. BMW Group 
             13.2.1. Business Overview 
             13.2.2. Product Portfolio
             13.2.3. Strategic Developments
     13.3. BYD Company Ltd.
             13.3.1. Business Overview 
             13.3.2. Product Portfolio
             13.3.3. Strategic Developments
     13.4. Volkswagen AG
             13.4.1. Business Overview 
             13.4.2. Product Portfolio
             13.4.3. Strategic Developments
     13.5. Hyundai Motor Company
             13.5.1. Business Overview 
             13.5.2. Product Portfolio
             13.5.3. Strategic Developments 
     13.6. AB Volvo 
             13.6.1. Business Overview 
             13.6.2. Product Portfolio
             13.6.3. Strategic Developments 
     13.7. Daimler AG 
             13.7.1. Business Overview 
             13.7.2. Product Portfolio
             13.7.3. Strategic Developments
     13.8. Ford Motor Company 
             13.8.1. Business Overview
             13.8.2. Product Portfolio
             13.8.3. Strategic Developments 
     13.9. General Motors Company
             13.9.1. Business Overview
             13.9.2. Product Portfolio
             13.9.3. Strategic Developments 
     13.10. Honda Motor Co., Ltd.
               13.10.1. Business Overview 
               13.10.2. Product Portfolio
               13.10.3. Strategic Developments 
     13.11. Nissan Motor Co., Ltd.
               13.11.1. Business Overview
               13.11.2. Product Portfolio
               13.11.3. Strategic Developments 
     13.12. Tata Motors Limited
               13.12.1. Business Overview
               13.12.2. Product Portfolio
               13.12.3. Strategic Developments
    13.13. Alcraft Motor Company Ltd.
               13.13.1. Business Overview 
               13.13.2. Product Portfolio
               13.13.3. Strategic Developments
     13.14. Faraday & Future Inc. 
               13.14.1. Business Overview
               13.14.2. Product Portfolio
               13.14.3. Strategic Developments 
     13.15. Zero Electric Vehicles Inc.
               13.15.1. Business Overview 
               13.15.2. Product Portfolio
               13.15.3. Strategic Developments 

14. Appendix 
     14.1. Questionnaire
     14.2. Available Customization 

List of Tables

Table 1    Market Size and CAGR (USD Million)    
Table 2    Global Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 3    Global Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 4    Electric Passenger Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 5    Electric Passenger Vehicles Market Volume, by Country/Region, 2018–2027 (Unit Thousand)    
Table 6    Electric Two-wheelers Market Size, by Country/Region, 2018–2027 (USD Million)
Table 7    Electric Two-wheelers Market Volume, by Country/Region, 2018–2027 (Unit Thousand)    
Table 8    Electric E-Scooters & Bikes Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 9    Electric E-Scooters & Bikes Market Volume, by Country/Region, 2018–2027 (Unit Thousand)
Table 10 Electric Light Commercial Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)
Table 11 Electric Light Commercial Vehicles Market Volume, by Country/Region, 2018–2027 (Unit Thousand)
Table 12 Electric Heavy Commercial Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 13 Electric Heavy Commercial Vehicles Market Volume, by Country/Region, 2018–2027 (Unit Thousand)    
Table 14 Global Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)
Table 15 Battery Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 16 Global Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 17 Hybrid Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)
Table 18 Pure Hybrid Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 19 Plug-In Hybrid Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 20 Fuel Cell Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 21 Global Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 22 Less than 100kW Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 23 100kW to 250kW Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 24 More than 250kW Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 25 Global Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 26 Electric Vehicles Market Size for Private Use, by Country/Region, 2018–2027 (USD Million)    
Table 27 Global Electric Vehicles Market Size, by Commercial Use, 2018–2027 (USD Million)    
Table 28 Electric Vehicles Market Size for Commercial Use, by Country/Region, 2018–2027 (USD Million)    
Table 29 Electric Vehicles Market Size for Micromobility, by Country/Region, 2018–2027 (USD Million)    
Table 30 Electric Vehicles Market Size for Public Transport, by Country/Region, 2018–2027 (USD Million)    
Table 31 Electric Vehicles Market Size for Shared Mobility, by Country/Region, 2018–2027 (USD Million)
Table 32 Electric Vehicles Market Size for Industrial Use, by Country/Region, 2018–2027 (USD Million)    
Table 33 Global Electric Vehicles Market Size, by Country/Region, 2018-2027 (USD Million)    
Table 34 Global Electric Vehicles Market Volume, by Country/Region, 2018-2027 (Unit Thousand)    
Table 35 Asia-Pacific: Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 36 Asia-Pacific: Electric Vehicles Market Volume, by Country/Region, 2018–2027 (Unit Thousand)    
Table 37 Asia-Pacific: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 38 Asia-Pacific: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 39 Asia-Pacific: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 40 Asia-Pacific: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 41 Asia-Pacific: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 42 Asia-Pacific: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 43 Asia-Pacific: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)     
Table 44 China: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 45 China: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousands)    
Table 46 China: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 47 China: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 48 China: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)
Table 49 China: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 50 China: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 51 Japan: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 52 Japan: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 53 Japan: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 54 Japan: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 55 Japan: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 56 Japan: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 57 Japan: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 58 South Korea: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 59 South Korea: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 60 South Korea: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)
Table 61 South Korea: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 62 South Korea: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 63 South Korea: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 64 South Korea: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)     
Table 65 India: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 66 India: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 67 India: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 68 India: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 69 India: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 70 India: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 71 India: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 72 Thailand: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 73 Thailand: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 74 Thailand: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 75 Thailand: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 76 Thailand: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 77 Thailand: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 78 Thailand: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 79 Singapore: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 80 Singapore: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 81 Singapore: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)
Table 82 Singapore: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 83 Singapore: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 84 Singapore: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 85 Singapore: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 86 Rest of Asia-Pacific: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 87 Rest of Asia-Pacific: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)     
Table 88 Rest of Asia-Pacific: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)     
Table 89 Rest of Asia-Pacific: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 90 Rest of Asia-Pacific: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 91 Rest of Asia-Pacific: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 92 Rest of Asia-Pacific: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)     
Table 93 Europe: Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 94 Europe: Electric Vehicles Market Volume, by Country/Region, 2018–2027 (Unit Thousand)    
Table 95 Europe: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 96 Europe: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 97 Europe: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 98 Europe: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 99 Europe: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 100 Europe: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 101 Europe: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 102 Germany: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 103 Germany: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 104 Germany: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 105 Germany: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 106 Germany: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 107 Germany: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 108 Germany: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 109 France: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 110 France: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 111 France: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 112 France: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 113 France: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 114 France: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 115 France: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 116 Netherlands: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 117 Netherlands: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 118 Netherlands: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 119 Netherlands: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 120 Netherlands: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 121 Netherlands: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 122 Netherlands: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 123 U.K.: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 124 U.K.: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 125 U.K.: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 126 U.K.: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 127 U.K.: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 128 U.K.: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 129 U.K.: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 130 Italy: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 131 Italy: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 132 Italy: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 133 Italy: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 134 Italy: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 135 Italy: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 136 Italy: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 137 Norway: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 138 Norway: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 139 Norway: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 140 Norway: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 141 Norway: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 142 Norway: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)
Table 143 Norway: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 144 Spain: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 145 Spain: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand    
Table 146 Spain: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 147 Spain: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 148 Spain: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 149 Spain: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 150 Spain: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 151 Sweden: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 152 Sweden: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 153 Sweden: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 154 Sweden: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 155 Sweden: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 156 Sweden: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 157 Sweden: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 158 Switzerland: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 159 Switzerland: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 160 Switzerland: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 161 Switzerland: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 162 Switzerland: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 163 Switzerland: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 164 Switzerland: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 165 Denmark: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 166 Denmark: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)
Table 167 Denmark: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 168 Denmark: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 169 Denmark: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 170 Denmark: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 171 Denmark: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 172 Rest of Europe: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 173 Rest of Europe: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 174 Rest of Europe: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 175 Rest of Europe: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 176 Rest of Europe: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 177 Rest of Europe: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 178 Rest of Europe: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 179 North America: Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 180 North America: Electric Vehicles Market Volume, by Country/Region, 2018–2027 (Unit Thousand)    
Table 181 North America: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 182 North America: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 183 North America: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 184 North America: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 185 North America: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 186 North America: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 187 North America: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 188 U.S.: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 189 U.S.: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 190 U.S.: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 191 U.S.: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 192 U.S.: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 193 U.S.: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 194 U.S.: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 195 Canada: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 196 Canada: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 197 Canada: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 198 Canada: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 199 Canada: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 200 Canada: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 201 Canada: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 202 Latin America: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 203 Latin America: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 204 Latin America: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 205 Latin America: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 206 Latin America: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)
Table 207 Latin America: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)
Table 208 Latin America: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 209 Middle East & Africa: Electric Vehicles Market Size, by Vehicle Type, 2018–2027 (USD Million)    
Table 210 Middle East & Africa: Electric Vehicles Market Volume, by Vehicle Type, 2018–2027 (Unit Thousand)    
Table 211 Middle East & Africa: Electric Vehicles Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 212 Middle East & Africa: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 213 Middle East & Africa: Electric Vehicles Market Size, by Power Output, 2018–2027 (USD Million)    
Table 214 Middle East & Africa: Electric Vehicles Market Size, by End Use, 2018–2027 (USD Million)    
Table 215 Middle East & Africa: Electric Vehicles Market Size for Commercial Use by Type, 2018–2027 (USD Million)    
Table 216 Electric Vehicles Market: Recent Developments, by Company, 2017–2020    

List of Figures

Figure 1 Currency and Limitations    
Figure 2 Research Process    
Figure 3 Key Secondary Sources    
Figure 4 Primary Research Techniques    
Figure 5 Key Executives Interviewed    
Figure 6 Market Size Estimation    
Figure 7 Key Insights    
Figure 8 Global Electric Vehicles Market, by Vehicle Type, 2020 vs. 2027, (USD Million)    
Figure 9 Global Electric Vehicles Market, by Vehicle Type, 2020 vs. 2027, (Unit Thousand)    
Figure 10 Global Electric Vehicles Market, by Propulsion Type, 2020 vs. 2027, (USD Million)    
Figure 11 Global Electric Vehicles Market, by Power Output, 2020 vs. 2027, (USD Million)    
Figure 12 Global Electric Vehicles Market, by End Use, 2020 vs. 2027, (USD Million)    
Figure 13 Geographic Snapshot: Global Electric Vehicles Market, (Value Share & CAGR)    
Figure 14 Geographic Snapshot: Global Electric Vehicles Market, (Volume Share & CAGR)    
Figure 15 The Impact of Covid-19 on the Global Electric Vehicles Market    
Figure 16 Electric Vehicles Value Chain    
Figure 17 Global Electric Vehicles Market Size, by Vehicle Type, 2020–2027 (USD Million)    
Figure 18 Global Electric Vehicles Market Size, by Vehicle Type, 2020–2027 (Unit Thousand)    
Figure 19 Global Electric Vehicles Market Size, by Propulsion Type, 2020–2027 (USD Million)    
Figure 20 Global Electric Vehicles Market Size, by Power Output, 2020–2027 (USD Million)    
Figure 21 Global Electric Vehicles Market Size, by End Use, 2020–2027 (USD Million)    
Figure 22 Global Electric Vehicles Market Size, by Geography, 2020–2027 (USD Million)    
Figure 23 Global Electric Vehicles Market Size, by Geography, 2020–2027 (Unit Thousand)    
Figure 24 Popular Electric Vehicles on the U.K. Roads    
Figure 25 Sale of Electric Vehicles in the U.K. (2019–2020)    
Figure 26 Key Growth Strategies Adopted by Leading Players, 2017–2020
Figure 27 Global Electric Vehicles Market: Competitive Benchmarking    
Figure 28 Market Share Analysis: Global Electric Vehicles Market, 2019    
Figure 29 Tesla, Inc.: Financial Overview (2019)    
Figure 30 BMW Group: Financial Overview (2019)    
Figure 31 BYD Company Ltd.: Financial Overview (2019)    
Figure 32 Volkswagen Ag: Financial Overview (2019)    
Figure 33 Hyundai Motor Company: Financial Overview (2020)    
Figure 34 AB Volvo: Financial Overview (2020)    
Figure 35 Daimler AG: Financial Overview (2019)    
Figure 36 Ford Motor Company: Financial Overview (2019)    
Figure 37 General Motors Company: Financial Overview (2019)    
Figure 38 Honda Motor Co., Ltd.: Financial Overview (2020)    
Figure 39 Nissan Motor Co., Ltd.: Financial Overview (2019)    
Figure 40 Tata Motors Limited: Financial Overview (2020)    

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