Electric Vehicles (EV) Market to Notice Utmost Growth of 39,208 thousand units with Healthy CAGR of 21.7% by 2030 – By Global Market Vision
The global electric vehicle market size is projected to grow from 8,151 thousand units in 2022 to 39,208 thousand units by 2030, at a CAGR of 21.7% (2022-2030).
Global Market Vision provide a deep analysis of the Electric Vehicles (EV) Market which evaluates business solutions, assesses, research and development, application, benefits, advantage, scope, and operations. This report offers an in-depth analysis and development of industry major manufacturers, key drivers, opportunities, challenges, international suppliers also a deep study on risks and entry barriers. It also offers a competitive analysis of the latest technology, trend, innovation, Industry shares, revenue generation, investment analyses, and overall business scenarios.
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The report describes the situation of the present industry combined with the future trends which will satisfy the requirements of the end-consumers. The report analyzes a rich source of predominant elements accountable for improving the Electric Vehicles (EV) market. The company analysts also source data & investigate trends based on information from supply & demand intermediaries in the value chain. The report provides an analysis of the performance of the market over the years with the all the downs & ups.
Key Players Mentioned in the Global Electric Vehicles (EV) Market Research Report:
General Motors, Renault, Toyota, Nissan, Mitsubishi Motors, Tesla, Volkswagen, Daimler, TATA Motors, BYD, Smith and Others.
Global Electric Vehicles (EV) Market Segmentation:
EV Market, Based on Components:
- Battery Cells & Packs
- On-Board Charge
- Motor
- Reducer
- Fuel Stack
- Power Control Unit
- Battery Management System
- Fuel Processor
- Power Conditioner
- Air Compressor
- Humidifier
EV Market, Based on Vehicle Type:
- Passenger Cars
- Commercial Vehicles
EV Market, Based on Vehicle Class:
- Low-priced
- Mid-priced
- Luxury
EV Market, Based on Top Speed:
- <125 MPH
- >125 MPH
EV Market, Based on Vehicle Drive Type:
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
EV Market, Based on EV Charging Point Type:
- Normal Charging
- Super Charging
EV Market, Based on Vehicle Connectivity:
- V2B or V2H
- V2G
- V2V
- V2X
EV Market, Based on Propulsion
- BEV
- PHEV
- FCEV
EV Market, Based on End Use
- Private
- Commercial Fleets
Market revenue forecasts for each geographic region are included in the Electric Vehicles (EV) research study. In addition to forecasts, growth patterns, industry-specific technologies, problems, and other features, this report contains a complete assessment of the major variables influencing the global market. A breakdown of the major market share, a SWOT analysis, a profitability index, and the geographic dispersion of the Electric Vehicles (EV) market are all included in the Electric Vehicles (EV) research. The global Electric Vehicles (EV) industry research offers a comprehensive comparison of economies and global market places to show the Electric Vehicles (EV) industry’s importance in a changing geographic environment.
The base of geography, the world market of Electric Vehicles (EV) has segmented as follows:
- North America includes the United States, Canada, and Mexico
- Europe includes Germany, France, UK, Italy, Spain
- South America includes Colombia, Argentina, Nigeria, and Chile
- The Asia Pacific includes Japan, China, Korea, India, Saudi Arabia, and Southeast Asia
Complete Report Details with Facts and Figures along respective Images and Graphs
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Recent Developments
- In February 2022, MG Motors showcased its upcoming EV, the MG 4, which is expected to launch in India later in 2022. The EV will come with a 61.1 kWh battery pack and is expected to run around 400 km.
- In January 2022, Volkswagen announced the development of its ID.5 model based on the Skoda Enayaq iV model. The vehicle is expected to have a range of around 300 miles on 1 charge.
- In December 2021, BYD launched its new second-generation e6 EV for the Indian market. The deliveries for this model were started by February 2022. This MPV comes with a 71.7 kWh battery pack and a range of around 250+ miles per charge.
- In November 2021, BMW launched its new i4 electric sedan with a range of approximately 300-367 miles. The vehicle can reach 100 km/hour in just four seconds. It comes with automatic transmission and connected vehicle features.
- In June 2021, Opel/Vauxhall, a subsidiary of Stellantis, launched its Mokka EV, which comes with a max range of 209 miles and a 50kWh battery. The car is FWD and comes with connected vehicle features.
- In April 2021, BYD launched four new electric vehicle models equipped with Blade battery in Chongqing. The new vehicle models, Tang EV, Qin Plus EV, Song Plus EV and E2 2021 come with advanced battery safety features.
- In April 2021, Volkswagen unveiled the 7 seater EV ID.6 Crozz and ID.6 X produced along with FAW and SAIC in China. The vehicles will be sold only in China. It comes in two battery versions, 58 kWh and 77 kWh and come in four powertrain configurations.
- In March 2021, Volvo showcased its new C40 Recharge model. The vehicle is designed as a pure electric car and has most features similar to its XC60 model.
- In December 2020, Nissan announced 2021 Leaf model in US. The vehicle comes with a choice of battery between 40 kWh and 62 kWh. The mileage ranges between 149 miles and 226 miles per charge.
Reasons to Purchase Global Electric Vehicles (EV) Market Report:
- Current and future of Global Electric Vehicles (EV) market outlook in the developed and emerging markets.
- Analysis of various perspectives of the market with the help of Porter’s five forces analysis.
- The segment that is expected to dominate the global Electric Vehicles (EV) market.
- Regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, Global Electric Vehicles (EV) market shares, and strategies employed by the major market players.
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