1. Introduction
1.1. Market Definition & Scope
1.2. Currency & Limitations
1.2.1. Currency
1.2.2. Limitations
2. Research Methodology
2.1. Research Approach
2.2. Data Collection & Validation Process
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
2.3. Market Sizing and Forecasting
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
3.1. Market Overview
3.2. Market Analysis, by Propulsion Type
3.3. Market Analysis, by Power Output
3.4. Market Analysis, by End Use
3.5. Market Analysis, by Geography
3.6. Competitive Analysis
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.2.1. Drivers
4.2.1.1. Supportive Government Policies and Regulations
4.2.1.2. Increasing Investments by Leading Automotive OEMs
4.2.1.3. Rising Environmental Concerns
4.2.1.4. Decreasing Prices of Batteries
4.2.2. Restraints
4.2.2.1. Expensive Nature of Electric Car in Developing Countries
4.2.2.2. Lack of Charging Infrastructure in Developing Countries
4.2.3. Opportunities
4.2.3.1. Growing Adoption of Autonomous Driving Vehicles
4.2.3.2. Increasing Focus on Electric Mobility in Emerging Economies
4.2.4. Challenges
4.2.4.1. Low Cold Weather Performance of Electric Car
4.2.4.2. Range Anxiety among Consumers
4.2.5. Trends
4.2.5.1. Increasing Investments in R&D for Smart Charging Systems
4.2.5.2. Solar-powered EV Charging Stations
4.3. Case Studies
4.4. Value Chain Analysis
4.5. Pricing Analysis
4.6. Porter’s Five Forces Analysis
4.6.1. Bargaining Power of Buyers
4.6.2. Bargaining Power of Suppliers
4.6.3. Threat of Substitutes
4.6.4. Threat of New Entrants
4.6.5. Degree of Competition
5. Global Electric Car Market Assessment—by Propulsion Type
5.1. Overview
5.2. Hybrid Vehicles
5.2.1. Pure Hybrid Electric Vehicles
5.2.2. Plug-in Hybrid Electric Vehicles
5.3. Battery Electric Vehicles
5.4. Fuel Cell Electric Vehicles
6. Global Electric Car Market Assessment—by Power Output
6.1. Overview
6.2. Less than 100 kW
6.3. 100 kW to 250 kW
6.4. More than 250 kW
7. Global Electric Car Market Assessment—by End Use
7.1. Overview
7.2. Private Use
7.3. Commercial Use
8. Electric Car Market Assessment—by Geography
8.1. North America
8.1.1. U.S.
8.1.2. Canada
8.2. Europe
8.2.1. Germany
8.2.2. U.K.
8.2.3. France
8.2.4. Italy
8.2.5. Spain
8.2.6. Netherlands
8.2.7. Switzerland
8.2.8. Sweden
8.2.9. Denmark
8.2.10. Rest of Europe
8.3. Asia-Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. South Korea
8.3.5. Australia & New Zealand
8.3.6. Indonesia
8.3.7. Thailand
8.3.8. Vietnam
8.3.9. Malaysia
8.3.10. Singapore
8.3.11. Rest of Asia- Pacific
8.4. Latin America
8.4.1. Mexico
8.4.2. Brazil
8.4.3. Rest of Latin America
8.5. Middle East & Africa
8.5.1. UAE
8.5.2. Israel
8.5.3. Rest of Middle East & Africa
9. Competition Analysis
9.1. Overview
9.2. Key Growth Strategies
9.3 Competitive Benchmarking
9.4. Competitive Dashboard
9.4.1. Industry Leaders
9.4.2. Market Differentiators
9.4.3. Vanguards
9.4.4. Emerging Companies
9.5. Market Share Analysis
10. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)
10.1. Tesla, Inc.
10.2. BMW Group
10.3. Volkswagen AG
10.4. Hyundai Motor Company
10.5. BYD Company Ltd.
10.6. Daimler AG
10.7. Ford Motor Company
10.8. General Motors Company
10.9. Honda Motor Co., Ltd.
10.10. Mahindra and Mahindra Ltd.
10.11. NIO Inc.
10.12. Nissan Motor Co., Ltd.
10.13. Tata Motors Limited
10.14. Alcraft Motor Company, Ltd.
10.15. Faraday & Future, Inc.
(Note: SWOT analysis of the top 5 companies will be provided.)
11. Appendix
11.1. Available Customization
11.2. Related Reports
List of Tables
Table 1 Currency Conversion Rates (2018–2022)
Table 2 Global Electric Car Market, by Propulsion Type, 2024–2031 (USD Million)
Table 3 Global Hybrid Vehicles Market, by Type, 2024–2031 (USD Million)
Table 4 Global Hybrid Vehicles Market, by Country/Region, 2022–2031 (USD Million)
Table 5 Global Pure Hybrid Electric Vehicles Market, by Country/Region, 2022–2031 (USD Million)
Table 6 Global Plug-in Hybrid Electric Vehicles Market, by Country/Region, 2022–2031 (USD Million)
Table 7 Global Battery Electric Vehicles Market, by Country/Region, 2022–2031 (USD Million)
Table 8 Global Fuel Cell Electric Vehicles Market, by Country/Region, 2022–2031 (USD Million)
Table 9 Global Electric Car Market, by Power Output, 2024–2031 (USD Million)
Table 10 Global Less than 100 kW Electric Car Market, by Country/Region, 2022–2031 (USD Million)
Table 11 Global 100 kW to 250 kW Electric Car Market, by Country/Region, 2022–2031 (USD Million)
Table 12 Global More than 250 kW Electric Car Market, by Country/Region, 2022–2031 (USD Million)
Table 13 Global Electric Car Market, by End Use, 2024–2031 (USD Million)
Table 14 Global Electric Car Market for Private Use, by Country/Region, 2022–2031 (USD Million)
Table 15 Global Electric Car Market for Commercial Use, by Country/Region, 2022–2031 (USD Million)
Table 16 Global Electric Car Market, by Country/Region, 2022–2031 (USD Million)
Table 17 Global Electric Car Market Volume, by Country/Region, 2022–2031 (Thousand Units)
Table 18 Asia-Pacific: Electric Car Market, by Country/Region, 2022–2031 (USD Million)
Table 19 Asia-Pacific: Electric Car Market Volume, by Country/Region, 2022–2031 (Thousand Units)
Table 20 Asia-Pacific: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 21 Asia-Pacific: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 22 Asia-Pacific: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 23 Asia-Pacific: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 24 China: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 25 China: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 26 China: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 27 China: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 28 Japan: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 29 Japan: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 30 Japan: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 31 Japan: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 32 India: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 33 India: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 34 India: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 35 India: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 36 South Korea: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 37 South Korea: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 38 South Korea: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 39 South Korea: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 40 Australia & New Zealand: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 41 Australia & New Zealand: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 42 Australia & New Zealand: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 43 Australia & New Zealand: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 44 Indonesia: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 45 Indonesia: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 46 Indonesia: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 47 Indonesia: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 48 Thailand: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 49 Thailand: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 50 Thailand: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 51 Thailand: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 52 Vietnam: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 53 Vietnam: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 54 Vietnam: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 55 Vietnam: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 56 Malaysia: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 57 Malaysia: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 58 Malaysia: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 59 Malaysia: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 60 Singapore: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 61 Singapore: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 62 Singapore: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 63 Singapore: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 64 Rest of Asia-Pacific: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 65 Rest of Asia-Pacific: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 66 Rest of Asia-Pacific: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 67 Rest of Asia-Pacific: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 68 North America: Electric Car Market, by Country, 2022–2031 (USD Million)
Table 69 North America: Electric Car Market Volume, by Country, 2022–2031 (Thousand Units)
Table 70 North America: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 71 North America: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 72 North America: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 73 North America: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 74 U.S.: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 75 U.S.: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 76 U.S.: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 77 U.S.: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 78 Canada: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 79 Canada: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 80 Canada: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 81 Canada: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 82 Europe: Electric Car Market, by Country/Region, 2022–2031 (USD Million)
Table 83 Europe: Electric Car Market Volume, by Country/Region, 2022–2031 (Thousand Units)
Table 84 Europe: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 85 Europe: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 86 Europe: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 87 Europe: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 88 Germany: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 89 Germany: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 90 Germany: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 91 Germany: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 92 U.K.: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 93 U.K.: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 94 U.K.: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 95 U.K.: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 96 France: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 97 France: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 98 France: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 99 France: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 100 Italy: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 101 Italy: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 102 Italy: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 103 Italy: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 104 Spain: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 105 Spain: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 106 Spain: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 107 Spain: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 108 Netherlands: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 109 Netherlands: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 110 Netherlands: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 111 Netherlands: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 112 Switzerland: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 113 Switzerland: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 114 Switzerland: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 115 Switzerland: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 116 Sweden: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 117 Sweden: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 118 Sweden: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 119 Sweden: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 120 Denmark: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 121 Denmark: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 122 Denmark: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 123 Denmark: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 124 Rest of Europe: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 125 Rest of Europe: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 126 Rest of Europe: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 127 Rest of Europe: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 128 Latin America: Electric Car Market, by Country/Region, 2022–2031 (USD Million)
Table 129 Latin America: Electric Car Market Volume, by Country/Region, 2022–2031 (Thousand Units)
Table 130 Latin America: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 131 Latin America: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 132 Latin America: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 133 Latin America: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 134 Mexico: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 135 Mexico: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 136 Mexico: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 137 Mexico: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 138 Brazil: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 139 Brazil: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 140 Brazil: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 141 Brazil: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 142 Rest of Latin America: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 143 Rest of Latin America: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 144 Rest of Latin America: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 145 Rest of Latin America: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 146 Middle East & Africa: Electric Car Market, by Country/Region, 2022–2031 (USD Million)
Table 147 Middle East & Africa: Electric Car Market Volume, by Country/Region, 2022–2031 (Thousand Units)
Table 148 Middle East & Africa: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 149 Middle East & Africa: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 150 Middle East & Africa: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 151 Middle East & Africa: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 152 UAE: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 153 UAE: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 154 UAE: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 155 UAE: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 156 Israel: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 157 Israel: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 158 Israel: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 159 Israel: Electric Car Market, by End Use, 2022–2031 (USD Million)
Table 160 Rest of Middle East & Africa: Electric Car Market, by Propulsion Type, 2022–2031 (USD Million)
Table 161 Rest of Middle East & Africa: Hybrid Vehicles Market, by Type, 2022–2031 (USD Million)
Table 162 Rest of Middle East & Africa: Electric Car Market, by Power Output, 2022–2031 (USD Million)
Table 163 Rest of Middle East & Africa: Electric Car Market, by End Use, 2022–2031 (USD Million)
List of Figures
Figure 1 Market Ecosystem
Figure 2 Key Stakeholders
Figure 3 Research Process
Figure 4 Key Secondary Sources
Figure 5 Primary Research Techniques
Figure 6 Key Executives Interviewed
Figure 7 Breakdown of Primary Interviews (Supply-side & Demand-side)
Figure 8 Market Sizing and Growth Forecast Approach
Figure 9 Key Insights
Figure 10 The Hybrid Vehicles Segment to Account for the Largest Market Share in 2024
Figure 11 The Less than 100 kW Segment to Account for the Largest Market Share in 2024
Figure 12 The Private Use Segment to Account for the Largest Market Share in 2024
Figure 13 Global Electric Car Market, by Region (2024 VS. 2031)
Figure 14 Global Electric Car Market Volume, by Region (2024 VS. 2031)
Figure 15 Impact Analysis of Market Dynamics
Figure 16 Electric Car Market Supply Chain
Figure 17 Porter's Five Forces Analysis
Figure 18 Global Electric Car Market, by Propulsion Type, 2024 Vs. 2031 (USD Million)
Figure 19 Global Electric Car Market, by Power Output, 2024 Vs. 2031 (USD Million)
Figure 20 Global Electric Car Market, by End Use, 2024 Vs. 2031 (USD Million)
Figure 21 Global Electric Car Market, by Country/Region, 2024 Vs. 2031 (USD Million)
Figure 22 Global Electric Car Market Volume, by Country/Region, 2024 Vs. 2031 (Thousand Units)
Figure 23 Asia-Pacific: Electric Car Market Snapshot
Figure 24 North America: Electric Car Market Snapshot
Figure 25 Europe: Electric Car Market Snapshot
Figure 26 Latin America: Electric Car Market Snapshot
Figure 27 Middle East & Africa: Electric Car Market Snapshot
Figure 28 Leading Market Players’ Strategic Developments (2020–2023)
Figure 29 Vendor Market Positioning Analysis (2021–2023)
Figure 30 Competitive Dashboard: Global Electric Car Market
Figure 31 Market Share Analysis, by Leading Players, 2022
Figure 32 Tesla, Inc.: Financial Overview (2022)
Figure 33 BMW Group: Financial Overview (2022)
Figure 34 Volkswagen AG: Financial Overview (2022)
Figure 35 Hyundai Motor Company: Financial Overview (2022)
Figure 36 BYD Company Ltd.: Financial Overview (2022)
Figure 37 Daimler AG: Financial Overview (2022)
Figure 38 Ford Motor Company: Financial Overview (2022)
Figure 39 General Motors Company: Financial Overview (2022)
Figure 40 Honda Motor Co., Ltd.: Financial Overview (2022)
Figure 41 Mahindra and Mahindra Ltd.: Financial Overview (2022)
Figure 42 Nio, Inc.: Financial Overview (2022)
Figure 43 Nissan Motor Co., Ltd.: Financial Overview (2022)
Figure 44 Tata Motors Limited: Financial Overview (2022)