Electric Vehicle Market, 2030 by Vehicle Class (Mid-priced & Luxury), Propulsion (BEV, PHEV & FCEV), EV Sales (OEMs/Models) Charging Station (Normal & Super) - ResearchAndMarkets.com

DUBLIN--()--The "Electric Vehicle Market by Vehicle (Passenger Cars & Commercial Vehicles), Vehicle Class (Mid-priced & Luxury), Propulsion (BEV, PHEV & FCEV), EV Sales (OEMs/Models) Charging Station (Normal & Super) & Region - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

The Global Electric Vehicle Market is Estimated to Grow from 3,269,671 Units in 2019 to Reach 26,951,318 Units by 2030, at a CAGR of 21.1%.

Heavy investments from automakers in EVs and encouraging government policies and subsidies are significant factors for the growth of the electric vehicle market globally

Increased emphasis on reduction in carbon emissions is expected to boost the market. However, lack of availability of charging stations and initial high costs can create a hurdle for its growth.

Increasing adoption of electric buses likely to propel the growth of commercial vehicles during the forecast period

The commercial vehicle segment is expected to be the fastest-growing market. Increasing adoption of electric buses, particularly in China and India, has contributed to the growth of the electric commercial vehicle segment. Several countries are expected to replace their existing fuel-based bus fleet with electric buses. The increasing trend of replacing fossil fuel-based public transport fleet with electric buses will drive the growth of electric commercial vehicles during the forecast period. Additionally, the growth of eCommerce, logistics, and shared mobility will drive the growth of electric commercial vehicles during the forecast period.

Mid-priced vehicle segment is expected to grow at the highest CAGR

The future of EVs is expected to be bright and with time, the price of batteries, one of the most vital components in an EV, will reduce significantly, which would make EVs more affordable. Mid-priced vehicle class has limited features with less emphasis on features like infotainment, instrument cluster, and other expensive features. China is one of the leading countries in the mid-priced segment. Companies such as BYD, Smart, and Great Wall Motors are manufacturing comparatively less expensive vehicles.

In July 2018, Great Wall Motors announced a partnership with BMW Group to produce electric Mini vehicles in China. In December 2018, the company launched its new flagship vehicleORA R1under its new ORA' electric car brand. The small urban car will cost only USD 8,680 after incentives with a range of almost 200 miles.

The Asia Pacific market is expected to register the fastest growth during the forecast period

The Asia Pacific market is expected to witness the fastest growth, followed by Europe and North America. The automotive industry in countries such as China, Japan, and South Korea is inclined toward innovation, technology, and development of advanced electric vehicles. The increasing demand for reducing carbon emission and developing more advanced and fast charging stations are expected to propel the growth of electric vehicles. BYD, BAIC, Chery, and SAIC, among others, are some of the key players in the Asia Pacific electric vehicle market.

The electric vehicle market comprises major manufacturers such as Tesla (US), BYD (China), BMW(Germany), Volkswagen (Germany), and Nissan (Japan).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Favorable Government Policies and Subsidies

5.2.1.2 Heavy Investments From Automakers in EVs

5.2.1.3 Growing Concerns Over Environmental Pollution

5.2.1.4 Demand for Increased Vehicle Range Per Charge

5.2.1.5 Major Increase in EV Models

5.2.2 Restraints

5.2.2.1 Lack of Standardization of Charging Infrastructure

5.2.3 Opportunities

5.2.3.1 Use of Vehicle-To-Grid (V2G) EV Charging Stations

5.2.3.2 EV Charging Stations Powered By Renewable Energy

5.2.4 Challenges

5.2.4.1 High Cost of EVs in Comparison to Ice Vehicles

5.2.4.2 Stringent Rules for Installation of Charging Stations

5.2.4.3 Limited Range of EVs

5.3 Upcoming Electric Vehicle Models

5.4 Europe Passenger Car Market Share Analysis

5.4.1 BEV

5.4.2 PHEV

5.5 US Passenger Car Market Share Analysis 2017

5.6 US Passenger Car Market Share Analysis 2018

5.7 China Passenger Car Market Share Analysis 2017

5.8 China Passenger Car Market Share Analysis 2018

5.9 Transition Towards Electric Vehicles From ICE

5.10 Companies Analysis in EV Ecosystem

5.10.1 Competitive Leadership Mapping (Major Players)

5.10.2 Competitive Leadership Mapping (SME/Start-UPS)

5.10.3 EV Ecosystem Competitive Leadership Mapping

6 Industry Trends

6.1 Introduction

6.2 Shared Mobility

6.3 Batteries Used in Solar Vehicles

6.3.1 Lead-Acid Battery

6.3.2 Lead Carbon Battery

6.3.3 Lithium-Ion Battery

6.3.4 Solid-State Battery (SSB)

6.4 Smart Charging System

7 Global EV Market, By Government Regulations

7.1 Introduction

7.2 Canada

7.3 China

7.4 Denmark

7.5 France

7.6 Austria

7.7 Germany

7.8 Spain

8 Global EV Market, By Component

8.1 Introduction

8.2 Battery Cells & Packs

8.3 On-Board Charger

8.4 Infotainment System

9 Global EV Market, By Charging Station Type

9.1 Introduction

9.2 Research Methodology

9.3 Normal Charging

9.3.1 Increase Adoption of Electric Vehicles Will Boost the Demand

9.4 Super Charging

9.4.1 Demand for Fast Charging Station Will Boost the Demand for Super Charging

9.5 Key Primary Insights

10 Global EV Market, By Propulsion Type

10.1 Introduction

10.2 Research Methodology

10.3 Battery Electric Vehicle (BEV)

10.3.1 Increase in Vehicle Range Per Charge Will Boost the Demand

10.4 Fuel Cell Electric Vehicle (FCEV)

10.4.1 Demand for Zero-Emission Vehicles Will Uplift the Market

10.5 Plug-In Hybrid Electric Vehicle (PHEV)

10.5.1 Government Providing Tax Benefits and Incentives Will Boost the Demand

10.6 Hybrid Electric Vehicle (HEV)

10.7 Key Primary Insights

11 Global EV Market, By Vehicle Type

11.1 Introduction

11.2 Research Methodology

11.3 Passenger Car (PC)

11.3.1 Growing Emission Norms Will Boost the Demand

11.4 Commercial Vehicles (CV)

11.4.1 Growth of E-Commerce and Logistics Will Boost the Demand

11.5 Key Primary Insights

12 Global EV Market, By Vehicle Class

12.1 Introduction

12.2 Research Methodology

12.3 Mid-Priced

12.3.1 Decrease in Battery Price Will Boost the Demand

12.4 Luxury

12.4.1 Demand for High-End Technology Will Boost the Demand

12.5 Key Primary Insights

13 Global EV Market, By Region

13.1 Introduction

13.2 Asia Pacific

13.2.1 China

13.2.1.1 Increased Investment in Charging Infrastructure Will Uplift the Market

13.2.2 India

13.2.2.1 ABB to Set Up Electric Vehicle Chargers Facilities Will Boost the Demand

13.2.3 Japan

13.2.3.1 Advancement in Battery Technology Will Boost the Demand

13.2.4 South Korea

13.2.4.1 Increased Investment in Electric Vehicles Will Boost the Demand

13.3 Europe

13.3.1 France

13.3.1.1 Government Offering Purchase Grants Will Boost the Demand

13.3.2 Germany

13.3.2.1 Rising Sales of Hybrid Vehicles By Domestic Players Will Boost the Demand

13.3.3 Netherlands

13.3.3.1 Government Focus Towards Greener Vehicles Will Boost the Demand

13.3.4 Norway

13.3.4.1 Emergence of E-Mobility Will Boost the Demand

13.3.5 Sweden

13.3.5.1 Strong Existing Charging Infrastructure Will Boost the Demand

13.3.6 UK

13.3.6.1 Country Investment Towards Ultra-Low Emission Vehicles Will Boost the Demand

13.3.7 Denmark

13.3.7.1 Government Promoting Private Infrastructure Will Boost the Demand

13.3.8 Austria

13.3.8.1 Country Moving Towards Cleaner Vehicles Will Boost the Demand

13.3.9 Switzerland

13.3.9.1 Country Focus Towards Expansion of Electric Vehicle Charging Infrastructure

13.3.10 Spain

13.3.10.1 Increasing Investments in FCEV Will Uplift the Market

13.4 North America

13.4.1 Canada

13.4.1.1 Increasing Development in Electric Vehicles Infrastructure Will Boost the Demand

13.4.2 US

13.4.2.1 Increasing Production Capacity of Electric Vehicles Will Uplift the Market

14 Competitive Landscape

14.1 Overview

14.2 Market Ranking Analysis

14.3 Competitive Scenario

14.4 Global Competitive Leadership Mapping (Major Players)

14.4.1 Visionary Leaders

14.4.2 Innovators

14.4.3 Dynamic Differentiators

14.4.4 Emerging Companies

14.5 Competitive Leadership Mapping (SME/Start-UPS)

14.5.1 Progressive Companies

14.5.2 Responsive Companies

14.5.3 Dynamic Companies

14.5.4 Starting Blocks

14.6 Competitive Leadership Mapping (EV Components)

15 Company Profiles

15.1 Key Players

15.1.1 Tesla Motors

15.1.2 Nissan Motor

15.1.3 BYD

15.1.4 BMW

15.1.5 Volkswagen

15.1.6 Toyota

15.1.7 Ford

15.1.8 Volvo

15.1.9 Daimler

15.1.10 Hyundai

15.1.11 Honda

15.1.12 Continental

15.2 Key Players From Other Regions

15.2.1 North America

15.2.1.1 General Motors

15.2.1.2 Rivian

15.2.1.3 Faraday Future

15.2.1.4 Fisker

15.2.2 Europe

15.2.2.1 Alcraft Motor Company

15.2.3 Asia Pacific

15.2.3.1 Byton

15.2.3.2 KIA Motors

15.2.3.3 BAIC Motor

15.2.3.4 Chery

15.2.3.5 SAIC Motor

15.2.3.6 JAC

15.2.3.7 Zotye

15.2.3.8 Geely

For more information about this report visit https://www.researchandmarkets.com/r/4q58v4

Contacts

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Related Topics: Automotive Sales, Electric and Hybrid Vehicles

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Automotive Sales, Electric and Hybrid Vehicles