Electric Vehicles Market Status and Development Trends 2027

 

Market Size – USD 160.34 billion in 2019, Market Growth - CAGR of 22.2%, Market Trends –Growing environmental awareness

The global Electric Vehicles Market is expected to reach USD 793.24 Billion by 2027, according to a new report by Emergen Research. The growth of this market can be attributed due to the growing environmental awareness among consumers and increasing government initiatives regarding the adoption of Electric Vehicles to reduce the emission levels in the environment. Increasing research and development for the technological advancement of the products is augmenting the demand for the industry.

The pandemic has severely affected the automotive & transportation industry and disrupted the supply chain, raw material supplies, and demand for the product in the automotive industry.  As people are facing a financial crisis, there are changes in consumer buying behavior, which can adversely affect the industry. The liquidity shortfall and the cash crisis have already affected the sales of the product. Additionally, many companies are withdrawing their investments, and the government of several countries is cutting down the incentives provided by them earlier, which are hampering the growth of the market.

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The leading manufactures in the market include Volkswagen Group, Tesla Motors, BYD Company Ltd., Ford Motor Company, Nissan Motor Company, Toyota Motor Corporation, Daimler AG, BMW, Mitsubishi Motors Corporation, and Hyundai, among others.

Product Outlook (Revenue, USD Billion; 2017-2027)

  1. Plug-in hybrid electric vehicle (PHEV)
  2. Battery electric vehicle (BEV)
  3. Hybrid electric vehicle (HEV)
  4. Fuel cell electric vehicle (FCEV)

Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)

  1. Commercial Vehicle
  2. Two wheeler
  3. Passenger Car

Vehicle Class Outlook (Revenue, USD Billion; 2017-2027)

  1. Luxury
  2. Mid-Priced

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Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Electric Vehicles Market Segmentation & Impact Analysis

    4.1. Electric Vehicles Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

                    4.2.2.1. Growing Environmental Awareness

                    4.2.2.2. Increasing R&D for the development of new technologies

                    4.2.2.3. Rising investments in Electric Vehicles by manufacturers

                    4.2.2.4. Increasing Government schemes and initiatives

          4.2.3. Market restraints analysis

                    4.2.3.1. Growing Budget constraints

                    4.2.3.2. Lack of charging infrastructure

                    4.2.3.3. High cost of the Electric Vehicles

                    4.2.3.4. Present challenging economic conditions due to the pandemic

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Electric Vehicles Market By Product Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)

    5.1. Product Dynamics & Market Share, 2019 & 2027

          5.1.1. Plug-in hybrid electric vehicle (PHEV)

          5.1.2. Battery electric vehicle (BEV)

          5.1.3. Hybrid electric vehicle (HEV)

          5.1.4. Fuel cell electric vehicle (FCEV)

Chapter 6. Electric Vehicles Market By Vehicle Type Insights & Trends Revenue (USD Million), Volume (Kilo Tons)

    6.1. Vehicle Type Dynamics & Market Share, 2019 & 2027

          6.1.1. Commercial Vehicle

          6.1.2. Two wheeler

          6.1.3. Passenger Car

Continue…

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