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Electric Car Market

Release date:

Apr-2021

Region:

global

Research Code:MRAUTO -104493

Sku:MRAUTO -104493

Electric Car Market by Propulsion Type (BEV, FCEV, PHEV, HEV), Power Output (Less Than 100kW, 100 kW to 250 kW), End Use (Private, Commercial), and Geography — Global Forecast to 2028

  • Report ID: MRAUTO -104493
  • Pages: 200
  • Apr-2021
  • Formats*: PDF
  • Category: Automotive Industry
  • Delivery: 2 to 4 Hours
COVID-19

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

The Electric Car Market is expected to reach a value of $1.9 trillion by 2028, at a CAGR of 37.1% during the forecast period 2021-2028. In terms of volume, this market is expected to grow at a CAGR of 36.2% from 2021 to reach 69.3 million units by 2028. Supportive government policies and regulations, increasing investments by leading automotive OEMs, rising environmental concerns, and decreasing prices of batteries are the key factors driving the growth of the Electric Car Market. The growing adoption of autonomous driving vehicles provide significant growth opportunities for market players in the coming years.

The Impact of COVID-19 on the Electric Car Market

The COVID-19 pandemic has adversely hit many economies around the globe. To control the spread of this disease and avoid the related consequences, governments across the globe have announced partial or complete lockdowns, majorly impacting many manufacturing and service industries, including electric cars.

The outbreak of COVID-19 has led to disrupted supply chains, limited operations and workforce, and factory closures. This caused a severe decline in vehicle sales in 2020, including electric cars. In Europe, during the lockdowns, manufacturing facilities, supply chains, and consumer demands were paralyzed in the first half of 2020. Major investments in areas such as the development of charging infrastructure have halted since most EVSE (Electric Vehicle Supply Equipment) manufacturers worldwide have been affected due to government restrictions and nationwide lockdowns. This has led to a setback of electric mobility targets of various governments. Such factors have slowed down the growth of the electric cars market during the forecast period.

However, the electric vehicles market is expected to recover quickly due to China’s strong growth. 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 for stabilizing the automobile industry are anticipated as a key factor triggering the adoption rate in coming years. Leading investors have planned to double their investment in autonomous vehicles that can positively impact the electric car market in the forecast period. For instance, in March 2020, Waymo, Google’s self-driving car project, raised USD 2.3 billion from investors, such as Silver Lake, Andreessen Horowitz, and AutoNation.

Electric Car Market

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Supportive government policies and regulations drive the demand for electric cars.

Governments worldwide are increasingly investing in electric mobility. Increasing government regulations to phase out fossil fuel-powered vehicles, growing investment for improving public EV charging infrastructure, and initiatives in the form of subsidies & tax rebates for the adoption of electric cars are expected to support this market growth.

The COVID-19 outbreak has severely impacted the automotive sector, with major manufacturers either totally shutting down operations or operating with reduced capacities, following the directives issued by their respective governments. However, governments worldwide are aggressively investing in electric vehicle ecosystems, either through direct subsidies as an incentive for purchasing electric vehicles or by investing in developing charging infrastructure for electric vehicles. For instance, in 2020, the German government extended environmental subsidies to purchase electric cars until 2025. The subsidies ranged from EUR 3,000 for battery-electric cars and EUR 2,250 for plug-in hybrid electric cars. To boost electric car demand, the German government mandated fuel filling stations to set up electric car charging stations. The chargers are installed under its economic recovery plan with ~USD 154.9 billion (EUR 130 billion) to help remove the range anxiety of electric cars and boost consumer demand.

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Key Findings in the Electric Car Market Study:

The fuel cell electric vehicles market to grow at a significant pace during the forecast period.

The fuel cell electric vehicles segment is projected to grow at the highest CAGR during the forecast period. The high growth of this segment is mainly attributed to several advantages, such as fast refueling, zero tailpipe emissions, lighter and smaller battery pack with increased driving range, increasing government initiatives for setting up hydrogen fuel cell charging stations, and increasing investments by leading automotive OEMs across the world in the research and development of hydrogen fuel cell technology.

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

The 100 kW to 250 kW segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the increasing initiatives by leading automotive OEMs to launch powerful electric cars, increasing regulations to reduce tailpipe emissions, increasing adoption of electric cars in developed economies, and targets of governments across the world to phase out diesel vehicles by 2030.

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

The commercial use segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the increasing regulations to reduce fleet emissions, growing adoption of mobility-as-a-service (MaaS), growing demand for energy-efficient commuting, increasing fuel prices, and encouragement by global and state-level regulatory bodies to deploy policies promoting the adoption of electric cars for mobility services.

Europe to be the fastest-growing regional market by value and Asia-Pacific by volume. 

Europe is expected to witness the fastest growth during the forecast period. The factors attributed to the high growth of this region are consistent developments in making stringent emission regulations by the European Union, increasing focus on reducing the number of conventional cars, extensive charging infrastructure network in Europe, and increasing investment for developing sustainable roads transport infrastructure that can charge electric cars on-the-go to minimize range anxiety associated with electric vehicles.

By volume, the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period. Major factors attributed to the high growth of this region are rising consumer interest in purchasing electric cars, increasing adoption of electric cars in developing economies such as India and Southeast Asian countries, and increasing investments by countries such as India, South Korea, and Japan for development of local electric vehicles industry.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key strategies adopted by the leading market participants in the Electric Car Market over the last four years (2018-2021). The key players profiled in the electric cars market are Nio Inc. (China), Alcraft Motor Company Ltd. (U.K.), BMW Group (Germany), BYD Company Ltd. (China), Daimler AG (Germany), Faraday & Future Inc. (U.S.), Ford Motor Company (U.S.), General Motors Company (U.S.), Honda Motor Co., Ltd. (Japan), Hyundai Motor Company (South Korea), Nissan Motor Co., Ltd. (Japan), TATA Motors Limited (India), Tesla, Inc. (U.S.), Volkswagen AG (Germany), and Mahindra and Mahindra Ltd. (India).

Scope of the Report

Electric Car Market, by Propulsion Type

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

Electric Car Market, by Power Output

  • Less Than 100 kW
  • 100 kW to 250 kW

Electric Car Market, by End Use

  • Private Use
  • Commercial Use

Electric Car Market, by Geography

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

Key Questions Answered in the Report:

• What is the focus of the electric cars market?

The electric cars market report covers the market size & forecasts for the electric cars by propulsion type, power output, end use, and geography. The electric cars market study in this report involves the value analysis of various segments and subsegments of the electric cars market at regional and country levels. Volume analysis of electric cars is done at regional and country-level only.

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

The electric cars market is projected to reach a value of $1.9 trillion by 2028, at a CAGR of 37.1% during the forecast period.

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

Based on the propulsion type, the hybrid vehicles segment accounted for the largest share of the electric cars market in 2020.

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

Based on end use, the private use segment accounted for the largest share of the electric cars market in 2020. However, the commercial use segment is expected to witness significant growth during the forecast period. The rapid growth of this segment is mainly attributed to the increasing use of electric cars in shared mobility services and corporate taxi fleets.

• 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 cars market?

Supportive government policies and regulations, increasing investments by leading automotive OEMs, rising environmental concerns, and decreasing prices of batteries. However, the growing adoption of autonomous driving vehicles is expected to create lucrative opportunities for players operating in this market.

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

The key players operating in the electric cars market are Nio Inc.(China), Alcraft Motor Company Ltd.(U.K.), BMW Group (Germany), BYD Company Ltd. (China), Daimler AG (Germany), Faraday & Future Inc. (U.S.), Ford Motor Company (U.S.), General Motors Company (U.S.), Honda Motor Co., Ltd. (Japan), Hyundai Motor Company (South Korea), Nissan Motor Co., Ltd. (Japan), TATA Motors Limited (India), Tesla, Inc. (U.S.), Volkswagen AG (Germany), and Mahindra and Mahindra Ltd.(India).

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

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

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 Car Market
       4.2.    Covid-19 Impact on European Electric Car Market    
       4.3.    Covid-19 Impact on Asia-Pacific Electric Car 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.    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.    Increasing investments in R&D for Smart Charging Systems    
       5.8.    Value Chain Analysis    

6.    Global Electric Car Market, by Propulsion Type    
       6.1.    Introduction    
       6.2.    Battery Electric Vehicles    
       6.3.    Hybrid Vehicles    
                6.3.1.    Pure Hybrid Electric Vehicles    
                6.3.2.    Plug-in Hybrid Electric Vehicles    
       6.4.    Fuel Cell Electric Vehicles    

7.    Global Electric Car Market, by Power Output
       7.1.    Introduction    
       7.2.    Less Than 100kW
       7.3.    100kW to 250kW    

8.    Global Electric Car Market, by End Use    
       8.1.    Introduction    
       8.2.    Private Use    
       8.3.    Commercial Use    

9.    Global Electric Car Market, by Geography    
       9.1.    Introduction    
       9.2.    Asia-Pacific    
                9.2.1.    China    
                9.2.2.    Japan    
                9.2.3.    South Korea    
                9.2.4.    India    
                9.2.5.    Thailand    
                9.2.6.    Singapore    
                9.2.7.    Rest of Asia-Pacific    
       9.3.    Europe    
                9.3.1.    Germany
                9.3.2.    France    
                9.3.3.    Netherlands    
                9.3.4.    U.K.    
                9.3.5.    Italy    
                9.3.6.    Norway    
                9.3.7.    Spain    
                9.3.8.    Sweden    
                9.3.9.    Switzerland    
                9.3.10.    Denmark    
                9.3.11.    Rest of Europe    
       9.4.    North America    
                9.4.1.    U.S.    
                9.4.2.    Canada    
       9.5.    Latin America    
       9.6.    Middle East & Africa    

10.    Competitive Landscape    
         10.1.    Introduction    
         10.2.    Key Growth Strategies    
         10.3.    Competitive Benchmarking    
         10.4.    Market Share Analysis    
                    10.4.1.    Tesla, Inc.    
                    10.4.2.    BMW Group    
                    10.4.3.    Volkswagen AG    

11.    Company Profiles    
         11.1.    Tesla, Inc.    
                       11.1.1.    Business Overview    
                       11.1.2.    Product Portfolio    
                       11.1.3.    Strategic Developments    
         11.2.    BMW Group    
                     11.2.1.    Business Overview    
                    11.2.2.    Product Portfolio    
                    11.2.3.    Strategic Developments    
         11.3.    Volkswagen AG    
                    11.3.1.    Business Overview    
                    11.3.2.    Product Portfolio    
                    11.3.3.    Strategic Developments    
         11.4.    Hyundai Motor Company    
                    11.4.1.    Business Overview    
                    11.4.2.    Product Portfolio    
                    11.4.3.    Strategic Developments    
         11.5.    BYD Company Ltd.    
                    11.5.1.    Business Overview    
                    11.5.2.    Product Portfolio    
                    11.5.3.    Strategic Developments    
         11.6.    Daimler AG    
                    11.6.1.    Business Overview    
                    11.6.2.    Product Portfolio    
                    11.6.3.    Strategic Developments    
         11.7.    Ford Motor Company    
                    11.7.1.    Business Overview    
                    11.7.2.    Product Portfolio    
                    11.7.3.    Strategic Developments    
         11.8.    General Motors Company    
                    11.8.1.    Business Overview    
                    11.8.2.    Product Portfolio    
                    11.8.3.    Strategic Developments    
         11.9.    Honda Motor Co., Ltd.    
                    11.9.1.    Business Overview    
                    11.9.2.    Product Portfolio    
                    11.9.3.    Strategic Developments
         11.10.    Mahindra and Mahindra Ltd.    
                    11.10.1.    Business Overview    
                    11.10.2.    Product Portfolio    
                    11.10.3.    Strategic Developments    
         11.11.    Nio Inc.    
                      11.11.1.    Business Overview    
                      11.11.2.    Product Portfolio    
                      11.11.3.    Strategic Developments    
         11.12.    Nissan Motor Co., Ltd.
                      11.12.1.    Business Overview    
                      11.12.2.    Product Portfolio    
                      11.12.3.    Strategic Developments    
         11.13.    Tata Motors Limited    
                      11.13.1.    Business Overview    
                      11.13.2.    Product Portfolio    
                      11.13.3.    Strategic Developments
         11.14.    Alcraft Motor Company Ltd    
                      11.14.1.    Business Overview    
                      11.14.2.    Product Portfolio    
                      11.14.3.    Strategic Developments    
         11.15.    Faraday & Future Inc.    
                      11.15.1.    Business Overview    
                      11.15.2.    Product Portfolio    
                      11.15.3.    Strategic Developments    

12.    Appendix    
         12.1.    Questionnaire    
         12.2.    Available Customization    

List of Tables

Table 1    Market Size and CAGR (USD Million)    
Table 2    Global Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 3    Battery Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 4    Global Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 5    Hybrid Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 6    Pure Hybrid Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 7    Plug-in Hybrid Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 8    Fuel Cell Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)
Table 9    Global Electric Car Market Size, by Power Output, 2018–2027 (USD Million)
Table 10    Less Than 100kW Electric Car Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 11    100kW to 250kW Electric Car Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 12    Global Electric Car Market Size, by End Use, 2018–2027 (USD Million)
Table 13    Electric Car Market Size for Private Use, by Country/Region, 2018–2027 (USD Million)    
Table 14    Electric Car Market Size for Commercial Use, by Country/Region, 2018–2027 (USD Million)    
Table 15    Global Electric Car Market Size, by Country/Region, 2018-2027 (USD Million)    
Table 16    Global Electric Car Market Volume, by Country/Region, 2018-2027 (Unit Thousand)    
Table 17    Asia-Pacific: Electric Car Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 18    Asia-Pacific: Electric Car Market Volume, by Country/Region, 2018–2027 (Unit Thousand)
Table 19    Asia-Pacific: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 20    Asia-Pacific: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 21    Asia-Pacific: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 22    Asia-Pacific: Electric Car Market Size, by End Use, 2018–2027 (USD Million)
Table 23    China: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)
Table 24    China: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 25    China: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 26    China: Electric Car Market Size, by End Use, 2018–2027 (USD Million)
Table 27    Japan: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 28    Japan: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 29    Japan: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 30    Japan: Electric Car Market Size, by End Use, 2018–2027 (USD Million)
Table 31    South Korea: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 32    South Korea: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 33    South Korea: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 34    South Korea: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 35    India: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 36    India: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 37    India: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)
Table 38    India: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 39    Thailand: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 40    Thailand: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 41    Thailand: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 42    Thailand: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 43    Singapore: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 44    Singapore: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 45    Singapore: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 46    Singapore: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 47    Rest of Asia-Pacific: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 48    Rest of Asia-Pacific: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 49    Rest of Asia-Pacific: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 50    Rest of Asia-Pacific: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 51    Europe: Electric Car Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 52    Europe: Electric Car Market Volume, by Country/Region, 2018–2027 (Unit Thousand)    
Table 53    Europe: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)
Table 54    Europe: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 55    Europe: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 56    Europe: Electric Car Market Size, by End Use, 2018–2027 (USD Million)
Table 57    Germany: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 58    Germany: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 59    Germany: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 60    Germany: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 61    France: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 62    France: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 63    France: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 64    France: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 65    Netherlands: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)
Table 66    Netherlands: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 67    Netherlands: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 68    Netherlands: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 69    U.K: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 70    U.K.: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)
Table 71    U.K.: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 72    U.K.: Electric Car Market Size, by End Use, 2018–2027 (USD Million)
Table 73    Italy: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 74    Italy: Hybrid Cars Market Size, by Type, 2018–2027 (USD Million)    
Table 75    Italy: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 76    Italy: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 77    Norway: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 78    Norway: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 79    Norway: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 80    Norway: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 81    Spain: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 82    Spain: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 83    Spain: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 84    Spain: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 85    Sweden: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)
Table 86    Sweden: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 87    Sweden: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)
Table 88    Sweden: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 89    Switzerland: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 90    Switzerland: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 91    Switzerland: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 92    Switzerland: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 93    Denmark: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 94    Denmark: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)
Table 95    Denmark: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 96    Denmark: Electric Car Market Size, by End Use, 2018–2027 (USD Million)
Table 97    Rest of Europe: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 98    Rest of Europe: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 99    Rest of Europe: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 100 Rest of Europe: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 101 North America: Electric Car Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 102 North America: Electric Car Market Volume, by Country/Region, 2018–2027 (Unit Thousand)    
Table 103 North America: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 104 North America: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 105 North America: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 106 North America: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 107 U.S.: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)
Table 108 U.S.: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)
Table 109 U.S.: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 110 U.S.: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 111 Canada: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 112 Canada: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 113 Canada: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 114 Canada: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 115 Latin America: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 116 Latin America: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)
Table 117 Latin America: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 118 Latin America: Electric Car Market Size, by End Use, 2018–2027 (USD Million)
Table 119 Middle East & Africa: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 120 Middle East & Africa: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)
Table 121 Middle East & Africa: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 122 Middle East & Africa: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 123 Electric Car 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 Car Market, by Vehicle Type, 2020 vs. 2027, (USD Million)    
Figure 9    Global Electric Car Market, by Vehicle Type, 2020 vs. 2027, (Unit Thousand)    
Figure 10 Global Electric Car Market, by Propulsion Type, 2020 vs. 2027, (USD Million)    
Figure 11 Global Electric Car Market, by Power Output, 2020 vs. 2027, (USD Million)    
Figure 12 Global Electric Car Market, by End Use, 2020 vs. 2027, (USD Million)    
Figure 13 Geographic Snapshot: Global Electric Car Market, (Value Share & CAGR)    
Figure 14 Geographic Snapshot: Global Electric Car Market, (Volume Share & CAGR)    
Figure 15 The Impact of Covid-19 on the Global Electric Car Market    
Figure 16 Electric Cars Value Chain    
Figure 17 Global Electric Car Market Size, by Propulsion Type, 2020–2027 (USD Million)    
Figure 18 Global Electric Car Market Size, by Power Output, 2020–2027 (USD Million)    
Figure 19 Global Electric Car Market Size, by End Use, 2020–2027 (USD Million)    
Figure 20 Global Electric Car Market Size, by Geography, 2020–2027 (USD Million)    
Figure 21 Global Electric Car Market Size, by Geography, 2020–2027 (Unit Thousand)    
Figure 22 Popular Electric Vehicles on the U.K. Roads    
Figure 23 Sale of Electric Vehicles in the U.K. (2019–2020)    
Figure 24 Key Growth Strategies Adopted by Leading Players, 2017–2020    
Figure 25 Global Electric Car Market: Competitive Benchmarking    
Figure 26 Market Share Analysis: Global Electric Car Market, 2019    
Figure 27 Tesla, Inc.: Financial Overview (2019)    
Figure 28 BMW Group: Financial Overview (2019)    
Figure 29 Volkswagen AG: Financial Overview (2019)    
Figure 30 Hyundai Motor Company: Financial Overview (2020)    
Figure 31 BYD Company Ltd.: Financial Overview (2019)    
Figure 32 Daimler AG: Financial Overview (2019)    
Figure 33 Ford Motor Company: Financial Overview (2019)
Figure 34 General Motors Company: Financial Overview (2019)
Figure 35 Honda Motor Co., Ltd.: Financial Overview (2020)    
Figure 36 Mahindra and Mahindra Ltd.: Financial Overview (2020)    
Figure 37 Nio Inc.: Financial Overview (2020)    
Figure 38 Nissan Motor Co., Ltd.: Financial Overview (2019)    
Figure 39 Tata Motors Limited: Financial Overview (2020)

 
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Related Research

The Electric Car Market is expected to reach a value of $1.9 trillion by 2028, at a CAGR of 37.1% during the forecast period 2021-2028. In terms of volume, this market is expected to grow at a CAGR of 36.2% from 2021 to reach 69.3 million units by 2028. Supportive government policies and regulations, increasing investments by leading automotive OEMs, rising environmental concerns, and decreasing prices of batteries are the key factors driving the growth of the Electric Car Market. The growing adoption of autonomous driving vehicles provide significant growth opportunities for market players in the coming years.

The Impact of COVID-19 on the Electric Car Market

The COVID-19 pandemic has adversely hit many economies around the globe. To control the spread of this disease and avoid the related consequences, governments across the globe have announced partial or complete lockdowns, majorly impacting many manufacturing and service industries, including electric cars.

The outbreak of COVID-19 has led to disrupted supply chains, limited operations and workforce, and factory closures. This caused a severe decline in vehicle sales in 2020, including electric cars. In Europe, during the lockdowns, manufacturing facilities, supply chains, and consumer demands were paralyzed in the first half of 2020. Major investments in areas such as the development of charging infrastructure have halted since most EVSE (Electric Vehicle Supply Equipment) manufacturers worldwide have been affected due to government restrictions and nationwide lockdowns. This has led to a setback of electric mobility targets of various governments. Such factors have slowed down the growth of the electric cars market during the forecast period.

However, the electric vehicles market is expected to recover quickly due to China’s strong growth. 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 for stabilizing the automobile industry are anticipated as a key factor triggering the adoption rate in coming years. Leading investors have planned to double their investment in autonomous vehicles that can positively impact the electric car market in the forecast period. For instance, in March 2020, Waymo, Google’s self-driving car project, raised USD 2.3 billion from investors, such as Silver Lake, Andreessen Horowitz, and AutoNation.

Electric Car Market

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Supportive government policies and regulations drive the demand for electric cars.

Governments worldwide are increasingly investing in electric mobility. Increasing government regulations to phase out fossil fuel-powered vehicles, growing investment for improving public EV charging infrastructure, and initiatives in the form of subsidies & tax rebates for the adoption of electric cars are expected to support this market growth.

The COVID-19 outbreak has severely impacted the automotive sector, with major manufacturers either totally shutting down operations or operating with reduced capacities, following the directives issued by their respective governments. However, governments worldwide are aggressively investing in electric vehicle ecosystems, either through direct subsidies as an incentive for purchasing electric vehicles or by investing in developing charging infrastructure for electric vehicles. For instance, in 2020, the German government extended environmental subsidies to purchase electric cars until 2025. The subsidies ranged from EUR 3,000 for battery-electric cars and EUR 2,250 for plug-in hybrid electric cars. To boost electric car demand, the German government mandated fuel filling stations to set up electric car charging stations. The chargers are installed under its economic recovery plan with ~USD 154.9 billion (EUR 130 billion) to help remove the range anxiety of electric cars and boost consumer demand.

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Key Findings in the Electric Car Market Study:

The fuel cell electric vehicles market to grow at a significant pace during the forecast period.

The fuel cell electric vehicles segment is projected to grow at the highest CAGR during the forecast period. The high growth of this segment is mainly attributed to several advantages, such as fast refueling, zero tailpipe emissions, lighter and smaller battery pack with increased driving range, increasing government initiatives for setting up hydrogen fuel cell charging stations, and increasing investments by leading automotive OEMs across the world in the research and development of hydrogen fuel cell technology.

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

The 100 kW to 250 kW segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the increasing initiatives by leading automotive OEMs to launch powerful electric cars, increasing regulations to reduce tailpipe emissions, increasing adoption of electric cars in developed economies, and targets of governments across the world to phase out diesel vehicles by 2030.

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

The commercial use segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the increasing regulations to reduce fleet emissions, growing adoption of mobility-as-a-service (MaaS), growing demand for energy-efficient commuting, increasing fuel prices, and encouragement by global and state-level regulatory bodies to deploy policies promoting the adoption of electric cars for mobility services.

Europe to be the fastest-growing regional market by value and Asia-Pacific by volume. 

Europe is expected to witness the fastest growth during the forecast period. The factors attributed to the high growth of this region are consistent developments in making stringent emission regulations by the European Union, increasing focus on reducing the number of conventional cars, extensive charging infrastructure network in Europe, and increasing investment for developing sustainable roads transport infrastructure that can charge electric cars on-the-go to minimize range anxiety associated with electric vehicles.

By volume, the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period. Major factors attributed to the high growth of this region are rising consumer interest in purchasing electric cars, increasing adoption of electric cars in developing economies such as India and Southeast Asian countries, and increasing investments by countries such as India, South Korea, and Japan for development of local electric vehicles industry.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key strategies adopted by the leading market participants in the Electric Car Market over the last four years (2018-2021). The key players profiled in the electric cars market are Nio Inc. (China), Alcraft Motor Company Ltd. (U.K.), BMW Group (Germany), BYD Company Ltd. (China), Daimler AG (Germany), Faraday & Future Inc. (U.S.), Ford Motor Company (U.S.), General Motors Company (U.S.), Honda Motor Co., Ltd. (Japan), Hyundai Motor Company (South Korea), Nissan Motor Co., Ltd. (Japan), TATA Motors Limited (India), Tesla, Inc. (U.S.), Volkswagen AG (Germany), and Mahindra and Mahindra Ltd. (India).

Scope of the Report

Electric Car Market, by Propulsion Type

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

Electric Car Market, by Power Output

  • Less Than 100 kW
  • 100 kW to 250 kW

Electric Car Market, by End Use

  • Private Use
  • Commercial Use

Electric Car Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Netherlands
    • Sweden
    • Switzerland
    • Norway
    • Denmark
    • Rest of Europe (RoE)
  • Asia-Pacific (APAC)
    • China
    • Japan
    • South Korea
    • India
    • Thailand
    • Singapore
    • Rest of Asia-Pacific (RoAPAC)
  • 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 Car Market
       4.2.    Covid-19 Impact on European Electric Car Market    
       4.3.    Covid-19 Impact on Asia-Pacific Electric Car 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.    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.    Increasing investments in R&D for Smart Charging Systems    
       5.8.    Value Chain Analysis    

6.    Global Electric Car Market, by Propulsion Type    
       6.1.    Introduction    
       6.2.    Battery Electric Vehicles    
       6.3.    Hybrid Vehicles    
                6.3.1.    Pure Hybrid Electric Vehicles    
                6.3.2.    Plug-in Hybrid Electric Vehicles    
       6.4.    Fuel Cell Electric Vehicles    

7.    Global Electric Car Market, by Power Output
       7.1.    Introduction    
       7.2.    Less Than 100kW
       7.3.    100kW to 250kW    

8.    Global Electric Car Market, by End Use    
       8.1.    Introduction    
       8.2.    Private Use    
       8.3.    Commercial Use    

9.    Global Electric Car Market, by Geography    
       9.1.    Introduction    
       9.2.    Asia-Pacific    
                9.2.1.    China    
                9.2.2.    Japan    
                9.2.3.    South Korea    
                9.2.4.    India    
                9.2.5.    Thailand    
                9.2.6.    Singapore    
                9.2.7.    Rest of Asia-Pacific    
       9.3.    Europe    
                9.3.1.    Germany
                9.3.2.    France    
                9.3.3.    Netherlands    
                9.3.4.    U.K.    
                9.3.5.    Italy    
                9.3.6.    Norway    
                9.3.7.    Spain    
                9.3.8.    Sweden    
                9.3.9.    Switzerland    
                9.3.10.    Denmark    
                9.3.11.    Rest of Europe    
       9.4.    North America    
                9.4.1.    U.S.    
                9.4.2.    Canada    
       9.5.    Latin America    
       9.6.    Middle East & Africa    

10.    Competitive Landscape    
         10.1.    Introduction    
         10.2.    Key Growth Strategies    
         10.3.    Competitive Benchmarking    
         10.4.    Market Share Analysis    
                    10.4.1.    Tesla, Inc.    
                    10.4.2.    BMW Group    
                    10.4.3.    Volkswagen AG    

11.    Company Profiles    
         11.1.    Tesla, Inc.    
                       11.1.1.    Business Overview    
                       11.1.2.    Product Portfolio    
                       11.1.3.    Strategic Developments    
         11.2.    BMW Group    
                     11.2.1.    Business Overview    
                    11.2.2.    Product Portfolio    
                    11.2.3.    Strategic Developments    
         11.3.    Volkswagen AG    
                    11.3.1.    Business Overview    
                    11.3.2.    Product Portfolio    
                    11.3.3.    Strategic Developments    
         11.4.    Hyundai Motor Company    
                    11.4.1.    Business Overview    
                    11.4.2.    Product Portfolio    
                    11.4.3.    Strategic Developments    
         11.5.    BYD Company Ltd.    
                    11.5.1.    Business Overview    
                    11.5.2.    Product Portfolio    
                    11.5.3.    Strategic Developments    
         11.6.    Daimler AG    
                    11.6.1.    Business Overview    
                    11.6.2.    Product Portfolio    
                    11.6.3.    Strategic Developments    
         11.7.    Ford Motor Company    
                    11.7.1.    Business Overview    
                    11.7.2.    Product Portfolio    
                    11.7.3.    Strategic Developments    
         11.8.    General Motors Company    
                    11.8.1.    Business Overview    
                    11.8.2.    Product Portfolio    
                    11.8.3.    Strategic Developments    
         11.9.    Honda Motor Co., Ltd.    
                    11.9.1.    Business Overview    
                    11.9.2.    Product Portfolio    
                    11.9.3.    Strategic Developments
         11.10.    Mahindra and Mahindra Ltd.    
                    11.10.1.    Business Overview    
                    11.10.2.    Product Portfolio    
                    11.10.3.    Strategic Developments    
         11.11.    Nio Inc.    
                      11.11.1.    Business Overview    
                      11.11.2.    Product Portfolio    
                      11.11.3.    Strategic Developments    
         11.12.    Nissan Motor Co., Ltd.
                      11.12.1.    Business Overview    
                      11.12.2.    Product Portfolio    
                      11.12.3.    Strategic Developments    
         11.13.    Tata Motors Limited    
                      11.13.1.    Business Overview    
                      11.13.2.    Product Portfolio    
                      11.13.3.    Strategic Developments
         11.14.    Alcraft Motor Company Ltd    
                      11.14.1.    Business Overview    
                      11.14.2.    Product Portfolio    
                      11.14.3.    Strategic Developments    
         11.15.    Faraday & Future Inc.    
                      11.15.1.    Business Overview    
                      11.15.2.    Product Portfolio    
                      11.15.3.    Strategic Developments    

12.    Appendix    
         12.1.    Questionnaire    
         12.2.    Available Customization    

List of Tables

Table 1    Market Size and CAGR (USD Million)    
Table 2    Global Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 3    Battery Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 4    Global Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 5    Hybrid Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 6    Pure Hybrid Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 7    Plug-in Hybrid Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 8    Fuel Cell Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)
Table 9    Global Electric Car Market Size, by Power Output, 2018–2027 (USD Million)
Table 10    Less Than 100kW Electric Car Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 11    100kW to 250kW Electric Car Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 12    Global Electric Car Market Size, by End Use, 2018–2027 (USD Million)
Table 13    Electric Car Market Size for Private Use, by Country/Region, 2018–2027 (USD Million)    
Table 14    Electric Car Market Size for Commercial Use, by Country/Region, 2018–2027 (USD Million)    
Table 15    Global Electric Car Market Size, by Country/Region, 2018-2027 (USD Million)    
Table 16    Global Electric Car Market Volume, by Country/Region, 2018-2027 (Unit Thousand)    
Table 17    Asia-Pacific: Electric Car Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 18    Asia-Pacific: Electric Car Market Volume, by Country/Region, 2018–2027 (Unit Thousand)
Table 19    Asia-Pacific: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 20    Asia-Pacific: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 21    Asia-Pacific: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 22    Asia-Pacific: Electric Car Market Size, by End Use, 2018–2027 (USD Million)
Table 23    China: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)
Table 24    China: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 25    China: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 26    China: Electric Car Market Size, by End Use, 2018–2027 (USD Million)
Table 27    Japan: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 28    Japan: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 29    Japan: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 30    Japan: Electric Car Market Size, by End Use, 2018–2027 (USD Million)
Table 31    South Korea: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 32    South Korea: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 33    South Korea: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 34    South Korea: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 35    India: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 36    India: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 37    India: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)
Table 38    India: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 39    Thailand: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 40    Thailand: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 41    Thailand: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 42    Thailand: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 43    Singapore: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 44    Singapore: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 45    Singapore: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 46    Singapore: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 47    Rest of Asia-Pacific: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 48    Rest of Asia-Pacific: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 49    Rest of Asia-Pacific: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 50    Rest of Asia-Pacific: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 51    Europe: Electric Car Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 52    Europe: Electric Car Market Volume, by Country/Region, 2018–2027 (Unit Thousand)    
Table 53    Europe: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)
Table 54    Europe: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 55    Europe: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 56    Europe: Electric Car Market Size, by End Use, 2018–2027 (USD Million)
Table 57    Germany: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 58    Germany: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 59    Germany: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 60    Germany: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 61    France: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 62    France: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 63    France: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 64    France: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 65    Netherlands: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)
Table 66    Netherlands: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 67    Netherlands: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 68    Netherlands: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 69    U.K: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 70    U.K.: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)
Table 71    U.K.: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 72    U.K.: Electric Car Market Size, by End Use, 2018–2027 (USD Million)
Table 73    Italy: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 74    Italy: Hybrid Cars Market Size, by Type, 2018–2027 (USD Million)    
Table 75    Italy: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 76    Italy: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 77    Norway: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 78    Norway: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 79    Norway: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 80    Norway: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 81    Spain: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 82    Spain: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 83    Spain: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 84    Spain: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 85    Sweden: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)
Table 86    Sweden: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 87    Sweden: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)
Table 88    Sweden: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 89    Switzerland: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 90    Switzerland: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 91    Switzerland: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 92    Switzerland: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 93    Denmark: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 94    Denmark: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)
Table 95    Denmark: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 96    Denmark: Electric Car Market Size, by End Use, 2018–2027 (USD Million)
Table 97    Rest of Europe: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 98    Rest of Europe: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 99    Rest of Europe: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 100 Rest of Europe: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 101 North America: Electric Car Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 102 North America: Electric Car Market Volume, by Country/Region, 2018–2027 (Unit Thousand)    
Table 103 North America: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 104 North America: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 105 North America: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 106 North America: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 107 U.S.: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)
Table 108 U.S.: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)
Table 109 U.S.: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 110 U.S.: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 111 Canada: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 112 Canada: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 113 Canada: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 114 Canada: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 115 Latin America: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 116 Latin America: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)
Table 117 Latin America: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 118 Latin America: Electric Car Market Size, by End Use, 2018–2027 (USD Million)
Table 119 Middle East & Africa: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 120 Middle East & Africa: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)
Table 121 Middle East & Africa: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 122 Middle East & Africa: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 123 Electric Car 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 Car Market, by Vehicle Type, 2020 vs. 2027, (USD Million)    
Figure 9    Global Electric Car Market, by Vehicle Type, 2020 vs. 2027, (Unit Thousand)    
Figure 10 Global Electric Car Market, by Propulsion Type, 2020 vs. 2027, (USD Million)    
Figure 11 Global Electric Car Market, by Power Output, 2020 vs. 2027, (USD Million)    
Figure 12 Global Electric Car Market, by End Use, 2020 vs. 2027, (USD Million)    
Figure 13 Geographic Snapshot: Global Electric Car Market, (Value Share & CAGR)    
Figure 14 Geographic Snapshot: Global Electric Car Market, (Volume Share & CAGR)    
Figure 15 The Impact of Covid-19 on the Global Electric Car Market    
Figure 16 Electric Cars Value Chain    
Figure 17 Global Electric Car Market Size, by Propulsion Type, 2020–2027 (USD Million)    
Figure 18 Global Electric Car Market Size, by Power Output, 2020–2027 (USD Million)    
Figure 19 Global Electric Car Market Size, by End Use, 2020–2027 (USD Million)    
Figure 20 Global Electric Car Market Size, by Geography, 2020–2027 (USD Million)    
Figure 21 Global Electric Car Market Size, by Geography, 2020–2027 (Unit Thousand)    
Figure 22 Popular Electric Vehicles on the U.K. Roads    
Figure 23 Sale of Electric Vehicles in the U.K. (2019–2020)    
Figure 24 Key Growth Strategies Adopted by Leading Players, 2017–2020    
Figure 25 Global Electric Car Market: Competitive Benchmarking    
Figure 26 Market Share Analysis: Global Electric Car Market, 2019    
Figure 27 Tesla, Inc.: Financial Overview (2019)    
Figure 28 BMW Group: Financial Overview (2019)    
Figure 29 Volkswagen AG: Financial Overview (2019)    
Figure 30 Hyundai Motor Company: Financial Overview (2020)    
Figure 31 BYD Company Ltd.: Financial Overview (2019)    
Figure 32 Daimler AG: Financial Overview (2019)    
Figure 33 Ford Motor Company: Financial Overview (2019)
Figure 34 General Motors Company: Financial Overview (2019)
Figure 35 Honda Motor Co., Ltd.: Financial Overview (2020)    
Figure 36 Mahindra and Mahindra Ltd.: Financial Overview (2020)    
Figure 37 Nio Inc.: Financial Overview (2020)    
Figure 38 Nissan Motor Co., Ltd.: Financial Overview (2019)    
Figure 39 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 Car Market
       4.2.    Covid-19 Impact on European Electric Car Market    
       4.3.    Covid-19 Impact on Asia-Pacific Electric Car 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.    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.    Increasing investments in R&D for Smart Charging Systems    
       5.8.    Value Chain Analysis    

6.    Global Electric Car Market, by Propulsion Type    
       6.1.    Introduction    
       6.2.    Battery Electric Vehicles    
       6.3.    Hybrid Vehicles    
                6.3.1.    Pure Hybrid Electric Vehicles    
                6.3.2.    Plug-in Hybrid Electric Vehicles    
       6.4.    Fuel Cell Electric Vehicles    

7.    Global Electric Car Market, by Power Output
       7.1.    Introduction    
       7.2.    Less Than 100kW
       7.3.    100kW to 250kW    

8.    Global Electric Car Market, by End Use    
       8.1.    Introduction    
       8.2.    Private Use    
       8.3.    Commercial Use    

9.    Global Electric Car Market, by Geography    
       9.1.    Introduction    
       9.2.    Asia-Pacific    
                9.2.1.    China    
                9.2.2.    Japan    
                9.2.3.    South Korea    
                9.2.4.    India    
                9.2.5.    Thailand    
                9.2.6.    Singapore    
                9.2.7.    Rest of Asia-Pacific    
       9.3.    Europe    
                9.3.1.    Germany
                9.3.2.    France    
                9.3.3.    Netherlands    
                9.3.4.    U.K.    
                9.3.5.    Italy    
                9.3.6.    Norway    
                9.3.7.    Spain    
                9.3.8.    Sweden    
                9.3.9.    Switzerland    
                9.3.10.    Denmark    
                9.3.11.    Rest of Europe    
       9.4.    North America    
                9.4.1.    U.S.    
                9.4.2.    Canada    
       9.5.    Latin America    
       9.6.    Middle East & Africa    

10.    Competitive Landscape    
         10.1.    Introduction    
         10.2.    Key Growth Strategies    
         10.3.    Competitive Benchmarking    
         10.4.    Market Share Analysis    
                    10.4.1.    Tesla, Inc.    
                    10.4.2.    BMW Group    
                    10.4.3.    Volkswagen AG    

11.    Company Profiles    
         11.1.    Tesla, Inc.    
                       11.1.1.    Business Overview    
                       11.1.2.    Product Portfolio    
                       11.1.3.    Strategic Developments    
         11.2.    BMW Group    
                     11.2.1.    Business Overview    
                    11.2.2.    Product Portfolio    
                    11.2.3.    Strategic Developments    
         11.3.    Volkswagen AG    
                    11.3.1.    Business Overview    
                    11.3.2.    Product Portfolio    
                    11.3.3.    Strategic Developments    
         11.4.    Hyundai Motor Company    
                    11.4.1.    Business Overview    
                    11.4.2.    Product Portfolio    
                    11.4.3.    Strategic Developments    
         11.5.    BYD Company Ltd.    
                    11.5.1.    Business Overview    
                    11.5.2.    Product Portfolio    
                    11.5.3.    Strategic Developments    
         11.6.    Daimler AG    
                    11.6.1.    Business Overview    
                    11.6.2.    Product Portfolio    
                    11.6.3.    Strategic Developments    
         11.7.    Ford Motor Company    
                    11.7.1.    Business Overview    
                    11.7.2.    Product Portfolio    
                    11.7.3.    Strategic Developments    
         11.8.    General Motors Company    
                    11.8.1.    Business Overview    
                    11.8.2.    Product Portfolio    
                    11.8.3.    Strategic Developments    
         11.9.    Honda Motor Co., Ltd.    
                    11.9.1.    Business Overview    
                    11.9.2.    Product Portfolio    
                    11.9.3.    Strategic Developments
         11.10.    Mahindra and Mahindra Ltd.    
                    11.10.1.    Business Overview    
                    11.10.2.    Product Portfolio    
                    11.10.3.    Strategic Developments    
         11.11.    Nio Inc.    
                      11.11.1.    Business Overview    
                      11.11.2.    Product Portfolio    
                      11.11.3.    Strategic Developments    
         11.12.    Nissan Motor Co., Ltd.
                      11.12.1.    Business Overview    
                      11.12.2.    Product Portfolio    
                      11.12.3.    Strategic Developments    
         11.13.    Tata Motors Limited    
                      11.13.1.    Business Overview    
                      11.13.2.    Product Portfolio    
                      11.13.3.    Strategic Developments
         11.14.    Alcraft Motor Company Ltd    
                      11.14.1.    Business Overview    
                      11.14.2.    Product Portfolio    
                      11.14.3.    Strategic Developments    
         11.15.    Faraday & Future Inc.    
                      11.15.1.    Business Overview    
                      11.15.2.    Product Portfolio    
                      11.15.3.    Strategic Developments    

12.    Appendix    
         12.1.    Questionnaire    
         12.2.    Available Customization    

List of Tables

Table 1    Market Size and CAGR (USD Million)    
Table 2    Global Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 3    Battery Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 4    Global Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 5    Hybrid Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 6    Pure Hybrid Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 7    Plug-in Hybrid Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 8    Fuel Cell Electric Vehicles Market Size, by Country/Region, 2018–2027 (USD Million)
Table 9    Global Electric Car Market Size, by Power Output, 2018–2027 (USD Million)
Table 10    Less Than 100kW Electric Car Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 11    100kW to 250kW Electric Car Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 12    Global Electric Car Market Size, by End Use, 2018–2027 (USD Million)
Table 13    Electric Car Market Size for Private Use, by Country/Region, 2018–2027 (USD Million)    
Table 14    Electric Car Market Size for Commercial Use, by Country/Region, 2018–2027 (USD Million)    
Table 15    Global Electric Car Market Size, by Country/Region, 2018-2027 (USD Million)    
Table 16    Global Electric Car Market Volume, by Country/Region, 2018-2027 (Unit Thousand)    
Table 17    Asia-Pacific: Electric Car Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 18    Asia-Pacific: Electric Car Market Volume, by Country/Region, 2018–2027 (Unit Thousand)
Table 19    Asia-Pacific: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 20    Asia-Pacific: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 21    Asia-Pacific: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 22    Asia-Pacific: Electric Car Market Size, by End Use, 2018–2027 (USD Million)
Table 23    China: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)
Table 24    China: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 25    China: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 26    China: Electric Car Market Size, by End Use, 2018–2027 (USD Million)
Table 27    Japan: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 28    Japan: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 29    Japan: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 30    Japan: Electric Car Market Size, by End Use, 2018–2027 (USD Million)
Table 31    South Korea: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 32    South Korea: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 33    South Korea: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 34    South Korea: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 35    India: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 36    India: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 37    India: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)
Table 38    India: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 39    Thailand: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 40    Thailand: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 41    Thailand: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 42    Thailand: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 43    Singapore: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 44    Singapore: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 45    Singapore: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 46    Singapore: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 47    Rest of Asia-Pacific: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 48    Rest of Asia-Pacific: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 49    Rest of Asia-Pacific: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 50    Rest of Asia-Pacific: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 51    Europe: Electric Car Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 52    Europe: Electric Car Market Volume, by Country/Region, 2018–2027 (Unit Thousand)    
Table 53    Europe: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)
Table 54    Europe: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 55    Europe: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 56    Europe: Electric Car Market Size, by End Use, 2018–2027 (USD Million)
Table 57    Germany: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 58    Germany: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 59    Germany: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 60    Germany: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 61    France: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 62    France: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 63    France: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 64    France: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 65    Netherlands: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)
Table 66    Netherlands: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 67    Netherlands: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 68    Netherlands: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 69    U.K: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 70    U.K.: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)
Table 71    U.K.: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 72    U.K.: Electric Car Market Size, by End Use, 2018–2027 (USD Million)
Table 73    Italy: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 74    Italy: Hybrid Cars Market Size, by Type, 2018–2027 (USD Million)    
Table 75    Italy: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 76    Italy: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 77    Norway: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 78    Norway: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 79    Norway: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 80    Norway: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 81    Spain: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 82    Spain: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 83    Spain: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 84    Spain: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 85    Sweden: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)
Table 86    Sweden: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 87    Sweden: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)
Table 88    Sweden: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 89    Switzerland: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 90    Switzerland: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 91    Switzerland: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 92    Switzerland: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 93    Denmark: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 94    Denmark: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)
Table 95    Denmark: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 96    Denmark: Electric Car Market Size, by End Use, 2018–2027 (USD Million)
Table 97    Rest of Europe: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 98    Rest of Europe: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 99    Rest of Europe: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 100 Rest of Europe: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 101 North America: Electric Car Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 102 North America: Electric Car Market Volume, by Country/Region, 2018–2027 (Unit Thousand)    
Table 103 North America: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 104 North America: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 105 North America: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 106 North America: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 107 U.S.: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)
Table 108 U.S.: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)
Table 109 U.S.: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 110 U.S.: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 111 Canada: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 112 Canada: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)    
Table 113 Canada: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 114 Canada: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 115 Latin America: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 116 Latin America: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)
Table 117 Latin America: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 118 Latin America: Electric Car Market Size, by End Use, 2018–2027 (USD Million)
Table 119 Middle East & Africa: Electric Car Market Size, by Propulsion Type, 2018–2027 (USD Million)    
Table 120 Middle East & Africa: Hybrid Vehicles Market Size, by Type, 2018–2027 (USD Million)
Table 121 Middle East & Africa: Electric Car Market Size, by Power Output, 2018–2027 (USD Million)    
Table 122 Middle East & Africa: Electric Car Market Size, by End Use, 2018–2027 (USD Million)    
Table 123 Electric Car 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 Car Market, by Vehicle Type, 2020 vs. 2027, (USD Million)    
Figure 9    Global Electric Car Market, by Vehicle Type, 2020 vs. 2027, (Unit Thousand)    
Figure 10 Global Electric Car Market, by Propulsion Type, 2020 vs. 2027, (USD Million)    
Figure 11 Global Electric Car Market, by Power Output, 2020 vs. 2027, (USD Million)    
Figure 12 Global Electric Car Market, by End Use, 2020 vs. 2027, (USD Million)    
Figure 13 Geographic Snapshot: Global Electric Car Market, (Value Share & CAGR)    
Figure 14 Geographic Snapshot: Global Electric Car Market, (Volume Share & CAGR)    
Figure 15 The Impact of Covid-19 on the Global Electric Car Market    
Figure 16 Electric Cars Value Chain    
Figure 17 Global Electric Car Market Size, by Propulsion Type, 2020–2027 (USD Million)    
Figure 18 Global Electric Car Market Size, by Power Output, 2020–2027 (USD Million)    
Figure 19 Global Electric Car Market Size, by End Use, 2020–2027 (USD Million)    
Figure 20 Global Electric Car Market Size, by Geography, 2020–2027 (USD Million)    
Figure 21 Global Electric Car Market Size, by Geography, 2020–2027 (Unit Thousand)    
Figure 22 Popular Electric Vehicles on the U.K. Roads    
Figure 23 Sale of Electric Vehicles in the U.K. (2019–2020)    
Figure 24 Key Growth Strategies Adopted by Leading Players, 2017–2020    
Figure 25 Global Electric Car Market: Competitive Benchmarking    
Figure 26 Market Share Analysis: Global Electric Car Market, 2019    
Figure 27 Tesla, Inc.: Financial Overview (2019)    
Figure 28 BMW Group: Financial Overview (2019)    
Figure 29 Volkswagen AG: Financial Overview (2019)    
Figure 30 Hyundai Motor Company: Financial Overview (2020)    
Figure 31 BYD Company Ltd.: Financial Overview (2019)    
Figure 32 Daimler AG: Financial Overview (2019)    
Figure 33 Ford Motor Company: Financial Overview (2019)
Figure 34 General Motors Company: Financial Overview (2019)
Figure 35 Honda Motor Co., Ltd.: Financial Overview (2020)    
Figure 36 Mahindra and Mahindra Ltd.: Financial Overview (2020)    
Figure 37 Nio Inc.: Financial Overview (2020)    
Figure 38 Nissan Motor Co., Ltd.: Financial Overview (2019)    
Figure 39 Tata Motors Limited: Financial Overview (2020)

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