Increasing Production of Cost-efficient EVs Boosts Market Growth amid Coronavirus Outbreak

The unparalleled rise in sales of electric vehicles (EVs) is being witnessed after the recovery of automobile sector from coronavirus breakdown. The increasing demand for cost-efficient vehicles is contributing toward revenue growth and lucrative business opportunities are being created for manufacturers in the electric vehicle market. The focus of automobile manufacturers is on reducing the emission caused by conventional fuel vehicles. Increasing fuel prices is the reason behind the increasing popularity of electric vehicles. Manufacturers are paving their ways to introduce highly efficient and low emission electric vehicles to meet the rising demand from the automobile industry.

Top players operating in the electric vehicle market are investing and expanding their production capabilities to deploy sustainable products, owing to awareness and acceptance of electric vehicles. Technological advancements and ongoing researches help manufacturers to develop infrastructure for electric vehicles.

electric vehicle market infographic

Request a sample to get extensive insights into the Electric Vehicle Market

Growth Opportunities for Implementing Low Emissions Technology

Electric vehicles use the low emissions technology to reduce greenhouse gas emissions levels and other environmental concerns. Due to increasing awareness about the effects of harmful air pollutants released through conventional vehicles, companies in the automotive industry are now shifting towards electric vehicles. There are more number of batteries used in electric vehicles to power the engine, and these batteries are used for lights of the vehicles.

The low emissions technology is trending these days, allowing production and growth of electric vehicles. Many developing countries are now adapting to sustainable solutions to reduce greenhouse gas emissions. Vehicles powered by internal combustion engine (ICE) produces carbon emissions that is harmful to natural environment. In order to overcome this, governments are supporting consumers to buy electric vehicles by providing them subsidies. Governments are encouraging manufacturers to launch new models of electric vehicle to mark their presence in the global electric vehicle market.

To understand how our report can bring difference to your business strategy, Ask for a brochure

Increasing Competition and Innovative Technology Trends in Electric Vehicles

The electric vehicle market is expected to cross the valuation of US$ 1.53 Trn by 2031. Some of the top players in the electric vehicle market are striving to stay ahead of the competition. Manufacturers are promoting their output capacities through the development of the infrastructure for electric vehicle plants in specific regions. Electric vehicles are powered with not only innovative design but also smart technology. Professional automobile engineers and developers are constantly working on increasing efficiency and extending a range of commercial electric vehicles.

Popular models of top brands such as Tesla, BMW, Audi, etc. are attracting consumers by their innovative features and design. It has been found that electric vehicles are three times as efficient as that of conventional ICE vehicles. Electric vehicles require low maintenance as compared to ICE vehicles, and thus, many consumers are looking at it as a better alternative to conventional vehicles.

Flourishing Growth in China Creating Lucrative Revenue Opportunities

China, being one of the largest producers of electric vehicles, beats the U.S. electric vehicle market. Manufacturers of China are boosting their production capacities to promote the availability of charging stations required for electric vehicles across the country. BYD Auto Co., Ltd., a leading electric vehicle manufacturing company from China has accounted for a significant growth this year, with several thousand vehicles sold in August 2021. Hybrid electric vehicles are also gaining popularity in China.

Growing number of awareness programs to use electric vehicles and increasing number of manufacturing plants of electric vehicles are contributing to the production of these vehicles. This includes passenger cars, electric buses as well as several commercial vehicles. This factor is fueling the demand for efficient electric vehicles after a steady growth of the automobile sector. Automobile companies in China are striving to produce high quality electric vehicles to minimize the issues related to air pollution by promoting merger & acquisition activities. China has extended their electric vehicle subsidy scheme until 2022 to promote electric vehicle market. The Government of China also extended purchase-tax exemptions for new energy vehicles until 2022.

Low Availability of Charging Infrastructure Affects Growth of Electric Vehicle Market

For long-distance trips, superior charging infrastructure is needed at multiple stops for electric vehicles. Due to increasing demand and production of electric vehicles, there is a need of a large number of charging stations to avoid the possibility of vehicles running out of power. Being one of the most important reasons for customers not opting for electric vehicles, governments are investing more on installation of charging stations, and improving home charging infrastructure. Rising fuel prices is another factor contributing to the growth of the electric vehicle market. Safety issues related to battery packs of electric vehicles and battery explosion due to rise in temperature also hamper the electric vehicle market to a certain extent. Companies in the electric vehicle market are investing in R&D to improve in the battery technology.

Specialized efforts taken by governments to increase awareness about the locations of various charging stations are certainly helping to overcome this challenge. The global electric vehicle market is recovering from the losses of sales and production of automobiles due to COVID-19 breakdown. Recovery packages, purchase subsidies, and various other policies offered by different countries to support the growth and development of electric vehicle market are expected to boost the sales in the upcoming years.

electric vehicle market segmentation

Stuck in a neck-to-neck competition with other brands? Request a custom report on Electric Vehicle Market

Analysts’ Viewpoint

Even though COVID-19 has emphasized on the importance of EVs, the staggered growth in the production of automobiles is affecting market growth. Sustainable and environment-friendly electric vehicles are attracting customers across the globe due to awareness about the advantages of using electric vehicles. Proven emission benefits of electrical vehicles over petrol & diesel vehicles and availability of favorable charging infrastructure are expected to boost electric vehicle sales. The growing development in vehicle electrification technologies clearly depicts the electric vehicles as a future of transportation.

Manufacturers in the electric vehicle market should target eco-conscious consumers focusing on the benefits of electrical vehicles over conventional ones for reducing carbon emissions and ill effects of air pollutants on environment. The focus of manufacturers should be on providing highly sustainable vehicles to promote clean environment than just increasing production of new electric vehicles.

Electric Vehicle Market: Overview

  • The global electric vehicle market was valued at US$ 113.6 Bn in 2020. It is estimated to expand at a CAGR of 26.62% from 2021 to 2031. Electric vehicles are either partially or fully-powered by electric power. The full-electric or battery electric vehicles completely replace the I.C. engine-based powertrain with battery pack, motors, and other electronic components. On the other hand, a hybrid electric vehicle employs an I.C. engine for propulsion and electric motor to further enhance performance and efficiency. Small electric motors of these hybrid vehicles are used solely to assist the engine.
  • Rising concerns about vehicular emissions and their ill effects on the environment and public health have compelled several automakers to electrify their vehicle models at certain levels so that fuel consumption and tail pipe emissions reduce significantly. Additionally, awareness among consumers about depletion of fossil fuels and their rising prices, along with the emissions caused by combustion of these fuels are boosting to the adoption of electric vehicles. On-going developments of high energy density battery packs with novel chemistries and construction are further propelling the global electric vehicle market.

Drivers of Electric Vehicle Market

  • Transportation is a leading cause for rise in levels of pollution worldwide. The European Environment Agency stated in a report of 2018 that emissions from vehicles have worsened air quality levels across Europe resulting in more than US$ 80 Bn of healthcare costs. This has created strong awareness about vehicle emissions and governments has enacted stringent guidelines to lower the emission levels in their jurisdictions. Automakers have also initiated to electrify the powertrains of their vehicle models to comply with these guidelines and to reduce fuel consumption and emissions. Furthermore, present-age consumers are highly aware about the ill effects of emissions from conventional I.C, engine vehicles and hence, they are inclined toward electric vehicles. Consequently, growing concerns related to emissions from conventional I.C. engine vehicles have boosted the electric vehicle market across the globe.
  • Rising fuel prices and depleting global fossil fuel sources have driven toward renewable alternate energy sources. The automotive industry is witnessing this trend at a greater extent, as multiple automakers are launching new electric vehicle models and these vehicle models are gaining popularity among customers. Moreover, fleet owners of commercial vehicles are also realizing the saving of costs through use of electric vehicles and hence, replacing their old vehicles with electric vehicles. This lower operating cost of electric vehicles is major factor driving the global electric vehicle market.
  • Government agencies across the globe have introduced multiple policies and programs to boost the adoption of electric vehicles. The Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) scheme of India, Zero-Emission Vehicle Program of California, U.S., European Green Cars Initiative of European Union, and many such other programs boost the adoption rate of electric vehicles by offering various subsidies, tax benefits, and other such benefits. Governments have also initiated multiple projects to develop charging infrastructure in partnership with private companies. These projects further boost the global electric vehicle market.

Challenges for Electric Vehicle Market

  • Current constraint of electric vehicle architecture to travel a limited range on single charge is a major challenge of the global electric vehicle market. There have been multiple instances where the battery packs of electric vehicles were damaged or have caught fire due to a rise in temperature beyond limits. This causes concerns related to the safety of passengers, which further hampers the global electric vehicle market.
  • The COVID-19 pandemic has hampered the production and sales of electric vehicles due to disrupted supply chains, lockdowns, and fall in disposable income of populations. However, recovery packages and policies announced by various nations are expected to assist the electric vehicle market to maintain its foothold. China, recently, has extended its electric vehicle subsidy scheme until 2022. The Government of China also extended the purchase-tax exemptions of new energy vehicles through to 2022.

Electric Vehicle Market Segmentation

  • The global electric vehicle market has been segmented based on vehicle type, motor type, propulsion technology, application, and region
  • Based on vehicle type, the passenger vehicle segment dominated the global electric vehicle market, in terms of revenue, in 2020. The electrification trend is currently spreading to numerous other vehicle types such as commercial vehicles, including buses & trucks, performance vehicles or sports cars and even Formula 1 racing vehicles. For instance, in 2014, Daimler AG released an electric racing car, named Mercedes-Benz EQ Formula E, and other automakers are also in pursuit of developing such electric cars.
  • Based on motor type, the AC motor segment dominated the global electric vehicle market, in terms of revenue, in 2020. Compared to DC motor type, the AC motor is able to generate more torque and provide faster acceleration, thereby enabling vehicles to handle rougher terrain more smoothly. This has led to the higher adoption of AC motors in electric vehicles, thereby driving the segment of the global electric vehicle market.

Electric Vehicle Market: Regional Analysis

  • Asia Pacific held a major share of the global electric vehicle market in 2020. Countries such as China, India, and Japan are major markets for electric vehicles. China is a rapidly emerging market for electric vehicles, overtaking the U.S. and major countries in Europe. The Government of China is developing a long-term plan to abandon vehicles powered by fossil fuels. A new electric vehicle policy, which came in effect in 2019 across China, requires automakers to comply with a mandatory electric vehicle credit target. Likewise, the governments of India, Japan, and other countries in Asia have implemented and announced plans & policies to promote the adoption of electric vehicles and thus, propel the share held by Asia Pacific in the global electric vehicle market.

Electric Vehicle Market: Competition Landscape

  • Key players operating in the global electric vehicle market are
    • ABB Ltd.
    • Alcraft Motor Company
    • Baic Motor
    • BMW
    • BYD
    • Chery
    • Continental AG
    • Daimler
    • Ford Motor Company
    • Geely
    • General Motors
    • Hitachi Automotive Systems, Ltd.
    • Honda Motor Co., Ltd.
    • Hyundai
    • JAC
    • Kia Motors
    • Nidec Corp.
    • Nissan Motor Corporation Ltd.
    • Protean Electric
    • REE Auto
    • Rivian
    • Saic Motor
    • Tesla Motors
    • Toyota Motor Corporation
    • Volkswagen
    • Volvo
    • Zotye
  • Key players operating in the global electric vehicle market are expanding their market share by engaging in mergers & acquisition, partnerships, or establishing new facilities. For instance, in November 2020, ABB partnered with Taiga Motors, maker of electric powersports vehicles, to expand sustainability to off-road vehicles across North America and Europe. Likewise, BAIC in cooperation with Daimler, is investing in Beijing Benz to build a pure electric car production facility and power battery factory. These ongoing activities are expected to further boost the electric vehicle market during the forecast period.

Electric Vehicle Market Snapshot

Attribute

Detail

Market Size Value in 2020

US$ 113.6 Bn

Market Forecast Value in 2031

USD 1.53 Trn

Growth Rate (CAGR)

26.62%

Forecast Period

2021-2031

Historical Data Available for

2017-2019

Quantitative Units

US$ Mn for Value & Units for Volume

Research Scope

The report covers regional and global electric vehicle market size along with key factors influencing the market

Report Coverage

Executive Summary, Market Overview, Global Market, Regional Market, and Competition Landscape

Format

Electronic (PDF)

Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Nordic Countries
  • Rest of Europe
  • Japan
  • China
  • India
  • ASEAN
  • South Korea
  • ANZ
  • Rest of Asia Pacific
  • Brazil
  • Mexico
  • Rest of Latin America
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Market Segmentation

  • Vehicle Type
  • Application
  • Motor Type
  • Propulsion Technology
  • Region

Companies Profiled

  • ABB Ltd.
  • Alcraft Motor Company
  • Baic Motor
  • BMW
  • BYD
  • Chery
  • Continental AG
  • Daimler
  • Ford Motor Company
  • Geely
  • General Motors
  • Hitachi Automotive Systems, Ltd.
  • Honda Motor Co., Ltd.
  • Hyundai
  • JAC
  • Kia Motors
  • Nidec Corp.
  • Nissan Motor Corporation Ltd.
  • Protean Electric
  • REE Auto
  • Rivian
  • Saic Motor
  • Tesla Motors
  • Toyota Motor Corporation
  • Volkswagen
  • Volvo
  • Zotye

Customization Scope

Available upon request

Pricing

Available upon request

Electric Vehicle Market – Scope of Report

Transparency Market Research’s recent report on the electric vehicle market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the electric vehicle market analyzes the scenario for the period of 2021 to 2031, wherein, 2020 is the base year and 2019 and before is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of information enclosed in the study.

This TMR study on the electric vehicle market also provides data on the developments made by important players and stakeholders in the market, along with a competitive analysis. The report also provides an understanding of strengths, weaknesses, threats, and opportunities, along with the trends and restraints in the landscape. Presented in a clear sanctioned manner, this report on the electric vehicle market gives readers an individual understanding of the market.

Key Questions Answered in This Report on Electric Vehicle Market

  • How much value will the electric vehicle market generate by the end of the forecast period?
  • Which segment of the market is likely to have the maximum market share by 2031?
  • What are the impact factors and their effects on the market for electric vehicle market?
  • What regions currently account for significant share of the overall electric vehicle market?
  • What are the indicators expected to drive the electric vehicle market?
  • What region is likely to be a lucrative market during the forecast period?  
  • What are the essential strategies by key stakeholders in the electric vehicle market to expand their geographic presence?
  • What are the major advancements witnessed in the electric vehicle market?
  • How regulatory norms affected the market for electric vehicle?

This report answers these questions and more about the electric vehicle market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Electric Vehicle Market – Research Methodology

This TMR report on the electric vehicle market is based on a complete and comprehensive evaluation of the market, backed by secondary and primary sources. Market volume is determined by country wise model mapping of vehicle through internal & external proprietary databases, and relevant patent and regulatory databases. The competitive scenario of the electric vehicle market is supported by an assessment of the different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data, current trends and announcement by the key players, researchers of the electric vehicle market arrive at predictions and estimations, and calculate the forecast for the market.

This report uses an analytical triangulation method to estimate the numbers and figures of the electric vehicle market, with both a bottom-up and top-down approach.

This detailed assessment of the electric vehicle market, along with an overview of the landscape, is provided based on a careful examination of the avenues related to this industry. Analysts’ conclusions on how the electric vehicle market is estimated to expand are based on carefully vetted primary and secondary sources.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Electric Vehicle Market – Segmentation

This report on the electric vehicle market provides information on the basis of motor type, propulsion technology, vehicle type, application, and region.

Motor Type
  • AC Motor
  • DC Motor
Propulsion Technology
  • Battery Electric Vehicle (BEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)
Vehicle Type
  • Two Wheeler Vehicle
  • Passenger Vehicle
    • Hatchback
    • Sedan
    • Utility Vehicles
  • Light Commercial Vehicle
  • Commercial Vehicle
    • Class 6 Trucks
    • Class 7 Trucks
    • Class 8 Trucks
  • Buses
Application
  • Last Mile Delivery Vehicles
  • Powersports Application
    • ATVs (All-Terrain Vehicles) and Quads
    • Golf Cart
    • Boats/ Watersports
    • Snow Mobile
    • UTVs (Utility Terrain Vehicles)
  • Aerospace
  • AGVs
Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

This study also discusses the underlying trends and impact of various factors that are driving the electric vehicle market, along with their influence on the evolution of the market.

This study also offers Porter’s Five Point Analysis, value chain analysis, regulatory scenario, and SWOT analysis of the electric vehicle market in order to elaborate the crucial growth tactics and opportunities for market players contributing to the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

1. Report Summary

    1.1. Market Segmentation

    1.2. Research Methodology

        1.2.1. Primary Research and List of Primary Sources

        1.2.2. Desk Research

2. Global Electric Vehicle Market - Executive Summary

    2.1. Market Size, Units, US$ Mn, 2017‒2031

    2.2. Market Analysis and Key Segment Analysis

    2.3. TMR Analysis, Recommendations, and Conclusion

3. Market Overview and Insights

    3.1. Scope of the Report & Report Assumptions

    3.2. Analyst Insight & Current Market Trends

    3.3. Key Research Objectives

    3.4. Key Findings

    3.5. Rules & Regulations

4. Market Determinants

    4.1. Motivators/ Drivers

    4.2. Restraints

    4.3. Opportunities

5. Key System or Component Suppliers for EV for each region -

    5.1. Battery packs

    5.2. Fuel Cell

    5.3. Motors

    5.4. Reducers

    5.5. Monitors

    5.6. Gages

    5.7. On-board Charger

    5.8. Electric Power Control Unit

        5.8.1. Inverter

        5.8.2. DC-DC Converter

        5.8.3. Vehicle Control Unit

    5.9. Regenerative Braking

    5.10. Battery Management System

6. Global Electric Vehicle Market, Motor Type

    6.1. Market Snapshot

        6.1.1. Introduction & Definition

        6.1.2. Market Growth & Y-o-Y Projections

        6.1.3. Base Point Share Analysis

    6.2. Global Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Motor Type, 2017‒2031

        6.2.1. DC Motor

        6.2.2. AC Motor

7. Global Electric Vehicle Market, Vehicle Type

    7.1. Market Snapshot

        7.1.1. Introduction & Definition

        7.1.2. Market Growth & Y-o-Y Projections

        7.1.3. Base Point Share Analysis

    7.2. Global Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Vehicle Type, 2017‒2031

        7.2.1. Two Wheeler Vehicle

        7.2.2. Passenger Vehicle

            7.2.2.1. Hatchback

            7.2.2.2. Sedan

            7.2.2.3. Utility Vehicles

        7.2.3. Light Commercial Vehicle

        7.2.4. Commercial Vehicles

            7.2.4.1. Class 6 Trucks

            7.2.4.2. Class 7 Trucks

            7.2.4.3. Class 8 Trucks

        7.2.5. Buses

8. Global Electric Vehicle Market, Propulsion Technology

    8.1. Market Snapshot

        8.1.1. Introduction & Definition

        8.1.2. Market Growth & Y-o-Y Projections

        8.1.3. Base Point Share Analysis

    8.2. Global Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Propulsion Technology, 2017‒2031

        8.2.1. Battery Electric Vehicle

        8.2.2. Plug-in Hybrid Electric Vehicle

9. Global Electric Vehicle Market, Application

    9.1. Market Snapshot

        9.1.1. Introduction & Definition

        9.1.2. Market Growth & Y-o-Y Projections

        9.1.3. Base Point Share Analysis

    9.2. Global Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Application, 2017‒2031

        9.2.1. Last Mile Delivery Vehicles

        9.2.2. Powersports Application

            9.2.2.1. ATVs (All-Terrain Vehicles) and Quads

            9.2.2.2. Golf Cart

            9.2.2.3. Boats/ Watersports

            9.2.2.4. Snow Mobile

            9.2.2.5. UTVs (Utility Terrain Vehicles)

        9.2.3. Aerospace

        9.2.4. AGVs

10. Global Electric Vehicle Market, Region

    10.1. Market Snapshot

        10.1.1. Introduction & Definition

        10.1.2. Market Growth & Y-o-Y Projections

        10.1.3. Base Point Share Analysis

    10.2. Global Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Region, 2017‒2031

        10.2.1. North America

        10.2.2. Europe

        10.2.3. Asia Pacific

        10.2.4. Middle East & Africa

        10.2.5. Latin America

11. North America Electric Vehicle Market

    11.1. Market Snapshot

    11.2. North America Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Motor Type, 2017‒2031

        11.2.1. DC Motor

        11.2.2. AC Motor

    11.3. North America Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Vehicle Type, 2017‒2031

        11.3.1. Two Wheeler Vehicle

        11.3.2. Passenger Vehicle

            11.3.2.1. Hatchback

            11.3.2.2. Sedan

            11.3.2.3. Utility Vehicles

        11.3.3. Light Commercial Vehicle

        11.3.4. Commercial Vehicles

            11.3.4.1. Class 6 Trucks

            11.3.4.2. Class 7 Trucks

            11.3.4.3. Class 8 Trucks

        11.3.5. Buses

    11.4. North America Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Propulsion Technology, 2017‒2031

        11.4.1. Battery Electric Vehicle

        11.4.2. Plug-in Hybrid Electric Vehicle

    11.5. North America Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Application, 2017‒2031

        11.5.1. Last Mile Delivery Vehicles

        11.5.2. Powersports Application

            11.5.2.1. ATVs (All-Terrain Vehicles) and Quads

            11.5.2.2. Golf Cart

            11.5.2.3. Boats/ Watersports

            11.5.2.4. Snow Mobile

            11.5.2.5. UTVs (Utility Terrain Vehicles)

        11.5.3. Aerospace

        11.5.4. AGVs

    11.6. North America Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Country, 2017‒2031

        11.6.1. U. S.

        11.6.2. Canada

12. Europe Electric Vehicle Market

    12.1. Market Snapshot

    12.2. Europe Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Motor Type, 2017‒2031

        12.2.1. DC Motor

        12.2.2. AC Motor

    12.3. Europe Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Vehicle Type, 2017‒2031

        12.3.1. Two Wheeler Vehicle

        12.3.2. Passenger Vehicle

            12.3.2.1. Hatchback

            12.3.2.2. Sedan

            12.3.2.3. Utility Vehicles

        12.3.3. Light Commercial Vehicle

        12.3.4. Commercial Vehicles

            12.3.4.1. Class 6 Trucks

            12.3.4.2. Class 7 Trucks

            12.3.4.3. Class 8 Trucks

        12.3.5. Buses

    12.4. Europe Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Propulsion Technology, 2017‒2031

        12.4.1. Battery Electric Vehicle

        12.4.2. Plug-in Hybrid Electric Vehicle

    12.5. Europe Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Application, 2017‒2031

        12.5.1. Last Mile Delivery Vehicles

        12.5.2. Powersports Application

            12.5.2.1. ATVs (All-Terrain Vehicles) and Quads

            12.5.2.2. Golf Cart

            12.5.2.3. Boats/ Watersports

            12.5.2.4. Snow Mobile

            12.5.2.5. UTVs (Utility Terrain Vehicles)

        12.5.3. Aerospace

        12.5.4. AGVs

    12.6. Europe Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Country & Sub Region, 2017‒2031

        12.6.1. Germany

        12.6.2. U. K.

        12.6.3. France

        12.6.4. Italy

        12.6.5. Spain

        12.6.6. Nordic Countries

        12.6.7. Rest of Europe

13. Asia Pacific Electric Vehicle Market

    13.1. Market Snapshot

    13.2. Asia Pacific Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Motor Type, 2017‒2031

        13.2.1. DC Motor

        13.2.2. AC Motor

    13.3. Asia Pacific Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Vehicle Type, 2017‒2031

        13.3.1. Two Wheeler Vehicle

        13.3.2. Passenger Vehicle

            13.3.2.1. Hatchback

            13.3.2.2. Sedan

            13.3.2.3. Utility Vehicles

        13.3.3. Light Commercial Vehicle

        13.3.4. Commercial Vehicles

            13.3.4.1. Class 6 Trucks

            13.3.4.2. Class 7 Trucks

            13.3.4.3. Class 8 Trucks

        13.3.5. Buses

    13.4. Asia Pacific Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Propulsion Technology, 2017‒2031

        13.4.1. Battery Electric Vehicle

        13.4.2. Plug-in Hybrid Electric Vehicle

    13.5. Asia Pacific Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Application, 2017‒2031

        13.5.1. Last Mile Delivery Vehicles

        13.5.2. Powersports Application

            13.5.2.1. ATVs (All-Terrain Vehicles) and Quads

            13.5.2.2. Golf Cart

            13.5.2.3. Boats/ Watersports

            13.5.2.4. Snow Mobile

            13.5.2.5. UTVs (Utility Terrain Vehicles)

        13.5.3. Aerospace

        13.5.4. AGVs

    13.6. Asia Pacific Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Country & Sub Region, 2017‒2031

        13.6.1. China

        13.6.2. India

        13.6.3. Japan

        13.6.4. South Korea

        13.6.5. ANZ

        13.6.6. ASEAN

        13.6.7. Rest of Asia Pacific

14. Middle East & Africa Electric Vehicle Market

    14.1. Market Snapshot

    14.2. Middle East & Africa Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Motor Type, 2017‒2031

        14.2.1. DC Motor

        14.2.2. AC Motor

    14.3. Middle East & Africa Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Vehicle Type, 2017‒2031

        14.3.1. Two Wheeler Vehicle

        14.3.2. Passenger Vehicle

            14.3.2.1. Hatchback

            14.3.2.2. Sedan

            14.3.2.3. Utility Vehicles

        14.3.3. Light Commercial Vehicle

        14.3.4. Commercial Vehicles

            14.3.4.1. Class 6 Trucks

            14.3.4.2. Class 7 Trucks

            14.3.4.3. Class 8 Trucks

        14.3.5. Buses

    14.4. Middle East & Africa Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Propulsion Technology, 2017‒2031

        14.4.1. Battery Electric Vehicle

        14.4.2. Plug-in Hybrid Electric Vehicle

    14.5. Middle East & Africa Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Application, 2017‒2031

        14.5.1. Last Mile Delivery Vehicles

        14.5.2. Powersports Application

            14.5.2.1. ATVs (All-Terrain Vehicles) and Quads

            14.5.2.2. Golf Cart

            14.5.2.3. Boats/ Watersports

            14.5.2.4. Snow Mobile

            14.5.2.5. UTVs (Utility Terrain Vehicles)

        14.5.3. Aerospace

        14.5.4. AGVs

    14.6. Middle East & Africa Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Country & Sub Region, 2017‒2031

        14.6.1. GCC

        14.6.2. South Africa

        14.6.3. Rest of Middle East & Africa

15. Latin America Electric Vehicle Market

    15.1. Market Snapshot

    15.2. Latin America Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Motor Type, 2017‒2031

        15.2.1. DC Motor

        15.2.2. AC Motor

    15.3. Latin America Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Vehicle Type, 2017‒2031

        15.3.1. Two Wheeler Vehicle

        15.3.2. Passenger Vehicle

            15.3.2.1. Hatchback

            15.3.2.2. Sedan

            15.3.2.3. Utility Vehicles

        15.3.3. Light Commercial Vehicle

        15.3.4. Commercial Vehicles

            15.3.4.1. Class 6 Trucks

            15.3.4.2. Class 7 Trucks

            15.3.4.3. Class 8 Trucks

        15.3.5. Buses

    15.4. Latin America Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Propulsion Technology, 2017‒2031

        15.4.1. Battery Electric Vehicle

        15.4.2. Plug-in Hybrid Electric Vehicle

    15.5. Latin America Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Application, 2017‒2031

        15.5.1. Last Mile Delivery Vehicles

        15.5.2. Powersports Application

            15.5.2.1. ATVs (All-Terrain Vehicles) and Quads

            15.5.2.2. Golf Cart

            15.5.2.3. Boats/ Watersports

            15.5.2.4. Snow Mobile

            15.5.2.5. UTVs (Utility Terrain Vehicles)

        15.5.3. Aerospace

        15.5.4. AGVs

    15.6. Latin America Electric Vehicle Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Country & Sub Region, 2017‒2031

        15.6.1. Brazil

        15.6.2. Mexico

        15.6.3. Rest of Latin America

16. Company Profile

    16.1. ABB Ltd.

        16.1.1. Company Overview

        16.1.2. Company Footprints

        16.1.3. Production Locations

        16.1.4. Product Portfolio

        16.1.5. Competitors & Customers

        16.1.6. Subsidiaries & Parent Organization

        16.1.7. Recent Developments

        16.1.8. Financial Analysis

        16.1.9. Profitability

    16.2. Alcraft Motor Company

        16.2.1. Company Overview

        16.2.2. Company Footprints

        16.2.3. Production Locations

        16.2.4. Product Portfolio

        16.2.5. Competitors & Customers

        16.2.6. Subsidiaries & Parent Organization

        16.2.7. Recent Developments

        16.2.8. Financial Analysis

        16.2.9. Profitability

    16.3. Baic Motor

        16.3.1. Company Overview

        16.3.2. Company Footprints

        16.3.3. Production Locations

        16.3.4. Product Portfolio

        16.3.5. Competitors & Customers

        16.3.6. Subsidiaries & Parent Organization

        16.3.7. Recent Developments

        16.3.8. Financial Analysis

        16.3.9. Profitability

    16.4. BMW

        16.4.1. Company Overview

        16.4.2. Company Footprints

        16.4.3. Production Locations

        16.4.4. Product Portfolio

        16.4.5. Competitors & Customers

        16.4.6. Subsidiaries & Parent Organization

        16.4.7. Recent Developments

        16.4.8. Financial Analysis

        16.4.9. Profitability

    16.5. BYD

        16.5.1. Company Overview

        16.5.2. Company Footprints

        16.5.3. Production Locations

        16.5.4. Product Portfolio

        16.5.5. Competitors & Customers

        16.5.6. Subsidiaries & Parent Organization

        16.5.7. Recent Developments

        16.5.8. Financial Analysis

        16.5.9. Profitability

    16.6. Chery

        16.6.1. Company Overview

        16.6.2. Company Footprints

        16.6.3. Production Locations

        16.6.4. Product Portfolio

        16.6.5. Competitors & Customers

        16.6.6. Subsidiaries & Parent Organization

        16.6.7. Recent Developments

        16.6.8. Financial Analysis

        16.6.9. Profitability

    16.7. Continental AG

        16.7.1. Company Overview

        16.7.2. Company Footprints

        16.7.3. Production Locations

        16.7.4. Product Portfolio

        16.7.5. Competitors & Customers

        16.7.6. Subsidiaries & Parent Organization

        16.7.7. Recent Developments

        16.7.8. Financial Analysis

        16.7.9. Profitability

    16.8. Daimler

        16.8.1. Company Overview

        16.8.2. Company Footprints

        16.8.3. Production Locations

        16.8.4. Product Portfolio

        16.8.5. Competitors & Customers

        16.8.6. Subsidiaries & Parent Organization

        16.8.7. Recent Developments

        16.8.8. Financial Analysis

        16.8.9. Profitability

    16.9. Ford Motor Company

        16.9.1. Company Overview

        16.9.2. Company Footprints

        16.9.3. Production Locations

        16.9.4. Product Portfolio

        16.9.5. Competitors & Customers

        16.9.6. Subsidiaries & Parent Organization

        16.9.7. Recent Developments

        16.9.8. Financial Analysis

        16.9.9. Profitability

    16.10. Geely

        16.10.1. Company Overview

        16.10.2. Company Footprints

        16.10.3. Production Locations

        16.10.4. Product Portfolio

        16.10.5. Competitors & Customers

        16.10.6. Subsidiaries & Parent Organization

        16.10.7. Recent Developments

        16.10.8. Financial Analysis

        16.10.9. Profitability

    16.11. General Motors

        16.11.1. Company Overview

        16.11.2. Company Footprints

        16.11.3. Production Locations

        16.11.4. Product Portfolio

        16.11.5. Competitors & Customers

        16.11.6. Subsidiaries & Parent Organization

        16.11.7. Recent Developments

        16.11.8. Financial Analysis

        16.11.9. Profitability

    16.12. Hitachi Automotive Systems, Ltd.

        16.12.1. Company Overview

        16.12.2. Company Footprints

        16.12.3. Production Locations

        16.12.4. Product Portfolio

        16.12.5. Competitors & Customers

        16.12.6. Subsidiaries & Parent Organization

        16.12.7. Recent Developments

        16.12.8. Financial Analysis

        16.12.9. Profitability

    16.13. Honda Motor Co., Ltd.

        16.13.1. Company Overview

        16.13.2. Company Footprints

        16.13.3. Production Locations

        16.13.4. Product Portfolio

        16.13.5. Competitors & Customers

        16.13.6. Subsidiaries & Parent Organization

        16.13.7. Recent Developments

        16.13.8. Financial Analysis

        16.13.9. Profitability

    16.14. Hyundai

        16.14.1. Company Overview

        16.14.2. Company Footprints

        16.14.3. Production Locations

        16.14.4. Product Portfolio

        16.14.5. Competitors & Customers

        16.14.6. Subsidiaries & Parent Organization

        16.14.7. Recent Developments

        16.14.8. Financial Analysis

        16.14.9. Profitability

    16.15. JAC

        16.15.1. Company Overview

        16.15.2. Company Footprints

        16.15.3. Production Locations

        16.15.4. Product Portfolio

        16.15.5. Competitors & Customers

        16.15.6. Subsidiaries & Parent Organization

        16.15.7. Recent Developments

        16.15.8. Financial Analysis

        16.15.9. Profitability

    16.16. Kia Motors

        16.16.1. Company Overview

        16.16.2. Company Footprints

        16.16.3. Production Locations

        16.16.4. Product Portfolio

        16.16.5. Competitors & Customers

        16.16.6. Subsidiaries & Parent Organization

        16.16.7. Recent Developments

        16.16.8. Financial Analysis

        16.16.9. Profitability

    16.17. Nidec Corp.

        16.17.1. Company Overview

        16.17.2. Company Footprints

        16.17.3. Production Locations

        16.17.4. Product Portfolio

        16.17.5. Competitors & Customers

        16.17.6. Subsidiaries & Parent Organization

        16.17.7. Recent Developments

        16.17.8. Financial Analysis

        16.17.9. Profitability

    16.18. Nissan Motor Corporation Ltd.

        16.18.1. Company Overview

        16.18.2. Company Footprints

        16.18.3. Production Locations

        16.18.4. Product Portfolio

        16.18.5. Competitors & Customers

        16.18.6. Subsidiaries & Parent Organization

        16.18.7. Recent Developments

        16.18.8. Financial Analysis

        16.18.9. Profitability

    16.19. Protean Electric

        16.19.1. Company Overview

        16.19.2. Company Footprints

        16.19.3. Production Locations

        16.19.4. Product Portfolio

        16.19.5. Competitors & Customers

        16.19.6. Subsidiaries & Parent Organization

        16.19.7. Recent Developments

        16.19.8. Financial Analysis

        16.19.9. Profitability

    16.20. REE Auto

        16.20.1. Company Overview

        16.20.2. Company Footprints

        16.20.3. Production Locations

        16.20.4. Product Portfolio

        16.20.5. Competitors & Customers

        16.20.6. Subsidiaries & Parent Organization

        16.20.7. Recent Developments

        16.20.8. Financial Analysis

        16.20.9. Profitability

    16.21. Rivian

        16.21.1. Company Overview

        16.21.2. Company Footprints

        16.21.3. Production Locations

        16.21.4. Product Portfolio

        16.21.5. Competitors & Customers

        16.21.6. Subsidiaries & Parent Organization

        16.21.7. Recent Developments

        16.21.8. Financial Analysis

        16.21.9. Profitability

    16.22. Saic Motor

        16.22.1. Company Overview

        16.22.2. Company Footprints

        16.22.3. Production Locations

        16.22.4. Product Portfolio

        16.22.5. Competitors & Customers

        16.22.6. Subsidiaries & Parent Organization

        16.22.7. Recent Developments

        16.22.8. Financial Analysis

        16.22.9. Profitability

    16.23. Tesla Motors

        16.23.1. Company Overview

        16.23.2. Company Footprints

        16.23.3. Production Locations

        16.23.4. Product Portfolio

        16.23.5. Competitors & Customers

        16.23.6. Subsidiaries & Parent Organization

        16.23.7. Recent Developments

        16.23.8. Financial Analysis

        16.23.9. Profitability

    16.24. Toyota Motor Corporation

        16.24.1. Company Overview

        16.24.2. Company Footprints

        16.24.3. Production Locations

        16.24.4. Product Portfolio

        16.24.5. Competitors & Customers

        16.24.6. Subsidiaries & Parent Organization

        16.24.7. Recent Developments

        16.24.8. Financial Analysis

        16.24.9. Profitability

    16.25. Volkswagen

        16.25.1. Company Overview

        16.25.2. Company Footprints

        16.25.3. Production Locations

        16.25.4. Product Portfolio

        16.25.5. Competitors & Customers

        16.25.6. Subsidiaries & Parent Organization

        16.25.7. Recent Developments

        16.25.8. Financial Analysis

        16.25.9. Profitability

    16.26. Volvo

        16.26.1. Company Overview

        16.26.2. Company Footprints

        16.26.3. Production Locations

        16.26.4. Product Portfolio

        16.26.5. Competitors & Customers

        16.26.6. Subsidiaries & Parent Organization

        16.26.7. Recent Developments

        16.26.8. Financial Analysis

        16.26.9. Profitability

    16.27. Zotye

        16.27.1. Company Overview

        16.27.2. Company Footprints

        16.27.3. Production Locations

        16.27.4. Product Portfolio

        16.27.5. Competitors & Customers

        16.27.6. Subsidiaries & Parent Organization

        16.27.7. Recent Developments

        16.27.8. Financial Analysis

        16.27.9. Profitability

List of Tables

Table 1: Global Electric Vehicle Market Total Volume (Units) Forecast, 2017‒2031

Table 2: Global Electric Vehicle Market Total Value (US$ Mn) Forecast, 2017‒2031

Table 3: Global Electric Vehicle Market Volume (Units) Forecast, by Motor Type, 2017‒2031

Table 4: Global Electric Vehicle Market Value (US$ Mn) Forecast, by Motor Type, 2017‒2031

Table 5: Global Electric Vehicle Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031

Table 6: Global Electric Vehicle Market Value (US$ Mn) Forecast, by Vehicle Type, 2017‒2031

Table 7: Global Electric Vehicle Market Volume (Units) Forecast, by Propulsion Technology, 2017‒2031

Table 8: Global Electric Vehicle Market Value (US$ Mn) Forecast, by Propulsion Technology, 2017‒2031

Table 9: Global Electric Vehicle Market Volume (Units) Forecast, by Application, 2017‒2031

Table 10: Global Electric Vehicle Market Value (US$ Mn) Forecast, by Application, 2017‒2031

Table 11: Global Electric Vehicle Market Volume (Units) Forecast, by Region , 2017‒2031

Table 12: Global Electric Vehicle Market Value (US$ Mn) Forecast, by Region , 2017‒2031

Table 13: North America Electric Vehicle Market Total Volume (Units) Forecast, 2017‒2031

Table 14: North America Electric Vehicle Market Total Value (US$ Mn) Forecast, 2017‒2031

Table 15: North America Electric Vehicle Market Volume (Units) Forecast, by Motor Type, 2017‒2031

Table 16: North America Electric Vehicle Market Value (US$ Mn) Forecast, by Motor Type, 2017‒2031

Table 17: North America Electric Vehicle Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031

Table 18: North America Electric Vehicle Market Value (US$ Mn) Forecast, by Vehicle Type, 2017‒2031

Table 19: North America Electric Vehicle Market Volume (Units) Forecast, by Propulsion Technology, 2017‒2031

Table 20: North America Electric Vehicle Market Value (US$ Mn) Forecast, by Propulsion Technology, 2017‒2031

Table 21: North America Electric Vehicle Market Volume (Units) Forecast, by Application, 2017‒2031

Table 22: North America Electric Vehicle Market Value (US$ Mn) Forecast, by Application, 2017‒2031

Table 23: North America Electric Vehicle Market Volume (Units) Forecast, by Country , 2017‒2031

Table 24: North America Electric Vehicle Market Value (US$ Mn) Forecast, by Country , 2017‒2031

Table 25: Europe Electric Vehicle Market Total Volume (Units) Forecast, 2017‒2031

Table 26: Europe Electric Vehicle Market Total Value (US$ Mn) Forecast, 2017‒2031

Table 27: Europe Electric Vehicle Market Volume (Units) Forecast, by Motor Type, 2017‒2031

Table 28: Europe Electric Vehicle Market Value (US$ Mn) Forecast, by Motor Type, 2017‒2031

Table 29: Europe Electric Vehicle Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031

Table 30: Europe Electric Vehicle Market Value (US$ Mn) Forecast, by Vehicle Type, 2017‒2031

Table 31: Europe Electric Vehicle Market Volume (Units) Forecast, by Propulsion Technology, 2017‒2031

Table 32: Europe Electric Vehicle Market Value (US$ Mn) Forecast, by Propulsion Technology, 2017‒2031

Table 33: Europe Electric Vehicle Market Volume (Units) Forecast, by Application, 2017‒2031

Table 34: Europe Electric Vehicle Market Value (US$ Mn) Forecast, by Application, 2017‒2031

Table 35: Europe Electric Vehicle Market Volume (Units) Forecast, by Country & Sub-region, 2017‒2031

Table 36: Europe Electric Vehicle Market Value (US$ Mn) Forecast, by Country & Sub-region, 2017‒2031

Table 37: Asia Pacific Electric Vehicle Market Total Volume (Units) Forecast, 2017‒2031

Table 38: Asia Pacific Electric Vehicle Market Total Value (US$ Mn) Forecast, 2017‒2031

Table 39: Asia Pacific Electric Vehicle Market Volume (Units) Forecast, by Motor Type, 2017‒2031

Table 40: Asia Pacific Electric Vehicle Market Value (US$ Mn) Forecast, by Motor Type, 2017‒2031

Table 41: Asia Pacific Electric Vehicle Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031

Table 42: Asia Pacific Electric Vehicle Market Value (US$ Mn) Forecast, by Vehicle Type, 2017‒2031

Table 43: Asia Pacific Electric Vehicle Market Volume (Units) Forecast, by Propulsion Technology, 2017‒2031

Table 44: Asia Pacific Electric Vehicle Market Value (US$ Mn) Forecast, by Propulsion Technology, 2017‒2031

Table 45: Asia Pacific Electric Vehicle Market Volume (Units) Forecast, by Application, 2017‒2031

Table 46: Asia Pacific Electric Vehicle Market Value (US$ Mn) Forecast, by Application, 2017‒2031

Table 47: Asia Pacific Electric Vehicle Market Volume (Units) Forecast, by Country & Sub-region, 2017‒2031

Table 48: Asia Pacific Electric Vehicle Market Value (US$ Mn) Forecast, by Country & Sub-region, 2017‒2031

Table 49: Middle East & Africa Electric Vehicle Market Total Volume (Units) Forecast, 2017‒2031

Table 50: Middle East & Africa Electric Vehicle Market Total Value (US$ Mn) Forecast, 2017‒2031

Table 51: Middle East & Africa Electric Vehicle Market Volume (Units) Forecast, by Motor Type, 2017‒2031

Table 52: Middle East & Africa Electric Vehicle Market Value (US$ Mn) Forecast, by Motor Type, 2017‒2031

Table 53: Middle East & Africa Electric Vehicle Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031

Table 54: Middle East & Africa Electric Vehicle Market Value (US$ Mn) Forecast, by Vehicle Type, 2017‒2031

Table 55: Middle East & Africa Electric Vehicle Market Volume (Units) Forecast, by Propulsion Technology, 2017‒2031

Table 56: Middle East & Africa Electric Vehicle Market Value (US$ Mn) Forecast, by Propulsion Technology, 2017‒2031

Table 57: Middle East & Africa Electric Vehicle Market Volume (Units) Forecast, by Application, 2017‒2031

Table 58: Middle East & Africa Electric Vehicle Market Value (US$ Mn) Forecast, by Application, 2017‒2031

Table 59: Middle East & Africa Electric Vehicle Market Volume (Units) Forecast, by Country & Sub-region, 2017‒2031

Table 60: Middle East & Africa Electric Vehicle Market Value (US$ Mn) Forecast, by Country & Sub-region, 2017‒2031

Table 61: Latin America Electric Vehicle Market Total Volume (Units) Forecast, 2017‒2031

Table 62: Latin America Electric Vehicle Market Total Value (US$ Mn) Forecast, 2017‒2031

Table 63: Latin America Electric Vehicle Market Volume (Units) Forecast, by Motor Type, 2017‒2031

Table 64: Latin America Electric Vehicle Market Value (US$ Mn) Forecast, by Motor Type, 2017‒2031

Table 65: Latin America Electric Vehicle Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031

Table 66: Latin America Electric Vehicle Market Value (US$ Mn) Forecast, by Vehicle Type, 2017‒2031

Table 67: Latin America Electric Vehicle Market Volume (Units) Forecast, by Propulsion Technology, 2017‒2031

Table 68: Latin America Electric Vehicle Market Value (US$ Mn) Forecast, by Propulsion Technology, 2017‒2031

Table 69: Latin America Electric Vehicle Market Volume (Units) Forecast, by Application, 2017‒2031

Table 70: Latin America Electric Vehicle Market Value (US$ Mn) Forecast, by Application, 2017‒2031

Table 71: Latin America Electric Vehicle Market Volume (Units) Forecast, by Country & Sub-region, 2017‒2031

Table 72: Latin America Electric Vehicle Market Value (US$ Mn) Forecast, by Country & Sub-region, 2017‒2031

List of Figures

Figure 1: Global Electric Vehicle Market Volume (Units) Forecast, by Motor Type, 2017‒2031

Figure 2: Global Electric Vehicle Market Value (US$ Mn) Forecast, by Motor Type, 2017‒2031

Figure 3: Global Electric Vehicle Market, Incremental Opportunity, by Motor Type, Value (US$ Mn), 2021-2031

Figure 4: Global Electric Vehicle Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031

Figure 5: Global Electric Vehicle Market Value (US$ Mn) Forecast, by Vehicle Type, 2017‒2031

Figure 6: Global Electric Vehicle Market, Incremental Opportunity, by Vehicle Type, Value (US$ Mn), 2021-2031

Figure 7: Global Electric Vehicle Market Volume (Units) Forecast, by Propulsion Technology, 2017‒2031

Figure 8: Global Electric Vehicle Market Volume (Units) Forecast, by Propulsion Technology, 2017‒2031

Figure 9: Global Electric Vehicle Market, Incremental Opportunity, by Propulsion Technology, Value (US$ Mn), 2021-2031

Figure 10: Global Electric Vehicle Market Volume (Units) Forecast, by Application, 2017‒2031

Figure 11: Global Electric Vehicle Market Value (US$ Mn) Forecast, by Application, 2017‒2031

Figure 12: Global Electric Vehicle Market, Incremental Opportunity, by Application, Value (US$ Mn), 2021-2031

Figure 13: Global Electric Vehicle Market Volume (Units) Forecast, by Region, 2017‒2031

Figure 14: Global Electric Vehicle Market Value (US$ Mn) Forecast, by Region, 2017‒2031

Figure 15: Global Electric Vehicle Market, Incremental Opportunity, by Region, Value (US$ Mn), 2021-2031

Figure 16: North America Electric Vehicle Market Volume (Units) Forecast, by Motor Type, 2017‒2031

Figure 17: North America Electric Vehicle Market Value (US$ Mn) Forecast, by Motor Type, 2017‒2031

Figure 18: North America Electric Vehicle Market, Incremental Opportunity, by Motor Type, Value (US$ Mn), 2021-2031

Figure 19: North America Electric Vehicle Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031

Figure 20: North America Electric Vehicle Market Value (US$ Mn) Forecast, by Vehicle Type, 2017‒2031

Figure 21: North America Electric Vehicle Market, Incremental Opportunity, by Vehicle Type, Value (US$ Mn), 2021-2031

Figure 22: North America Electric Vehicle Market Volume (Units) Forecast, by Propulsion Technology, 2017‒2031

Figure 23: North America Electric Vehicle Market Volume (Units) Forecast, by Propulsion Technology, 2017‒2031

Figure 24: North America Electric Vehicle Market, Incremental Opportunity, by Propulsion Technology, Value (US$ Mn), 2021-2031

Figure 25: North America Electric Vehicle Market Volume (Units) Forecast, by Application, 2017‒2031

Figure 26: North America Electric Vehicle Market Value (US$ Mn) Forecast, by Application, 2017‒2031

Figure 27: North America Electric Vehicle Market, Incremental Opportunity, by Application, Value (US$ Mn), 2021-2031

Figure 28: North America Electric Vehicle Market Volume (Units) Forecast, by Country, 2017‒2031

Figure 29: North America Electric Vehicle Market Value (US$ Mn) Forecast, by Country, 2017‒2031

Figure 30: North America Electric Vehicle Market, Incremental Opportunity, by Country, Value (US$ Mn), 2021-2031

Figure 31: Europe Electric Vehicle Market Volume (Units) Forecast, by Motor Type, 2017‒2031

Figure 32: Europe Electric Vehicle Market Value (US$ Mn) Forecast, by Motor Type, 2017‒2031

Figure 33: Europe Electric Vehicle Market, Incremental Opportunity, by Motor Type, Value (US$ Mn), 2021-2031

Figure 34: Europe Electric Vehicle Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031

Figure 35: Europe Electric Vehicle Market Value (US$ Mn) Forecast, by Vehicle Type, 2017‒2031

Figure 36: Europe Electric Vehicle Market, Incremental Opportunity, by Vehicle Type, Value (US$ Mn), 2021-2031

Figure 37: Europe Electric Vehicle Market Volume (Units) Forecast, by Propulsion Technology, 2017‒2031

Figure 38: Europe Electric Vehicle Market Volume (Units) Forecast, by Propulsion Technology, 2017‒2031

Figure 39: Europe Electric Vehicle Market, Incremental Opportunity, by Propulsion Technology, Value (US$ Mn), 2021-2031

Figure 40: Europe Electric Vehicle Market Volume (Units) Forecast, by Application, 2017‒2031

Figure 41: Europe Electric Vehicle Market Value (US$ Mn) Forecast, by Application, 2017‒2031

Figure 42: Europe Electric Vehicle Market, Incremental Opportunity, by Application, Value (US$ Mn), 2021-2031

Figure 43: Europe Electric Vehicle Market Volume (Units) Forecast, by Country & Sub-region, 2017‒2031

Figure 44: Europe Electric Vehicle Market Value (US$ Mn) Forecast, by Country & Sub-region, 2017‒2031

Figure 45: Europe Electric Vehicle Market, Incremental Opportunity, by Country & Sub-region, Value (US$ Mn), 2021-2031

Figure 46: Asia Pacific Electric Vehicle Market Volume (Units) Forecast, by Motor Type, 2017‒2031

Figure 47: Asia Pacific Electric Vehicle Market Value (US$ Mn) Forecast, by Motor Type, 2017‒2031

Figure 48: Asia Pacific Electric Vehicle Market, Incremental Opportunity, by Motor Type, Value (US$ Mn), 2021-2031

Figure 49: Asia Pacific Electric Vehicle Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031

Figure 50: Asia Pacific Electric Vehicle Market Value (US$ Mn) Forecast, by Vehicle Type, 2017‒2031

Figure 51: Asia Pacific Electric Vehicle Market, Incremental Opportunity, by Vehicle Type, Value (US$ Mn), 2021-2031

Figure 52: Asia Pacific Electric Vehicle Market Volume (Units) Forecast, by Propulsion Technology, 2017‒2031

Figure 53: Asia Pacific Electric Vehicle Market Volume (Units) Forecast, by Propulsion Technology, 2017‒2031

Figure 54: Asia Pacific Electric Vehicle Market, Incremental Opportunity, by Propulsion Technology, Value (US$ Mn), 2021-2031

Figure 55: Asia Pacific Electric Vehicle Market Volume (Units) Forecast, by Application, 2017‒2031

Figure 56: Asia Pacific Electric Vehicle Market Value (US$ Mn) Forecast, by Application, 2017‒2031

Figure 57: Asia Pacific Electric Vehicle Market, Incremental Opportunity, by Application, Value (US$ Mn), 2021-2031

Figure 58: Asia Pacific Electric Vehicle Market Volume (Units) Forecast, by Country & Sub-region, 2017‒2031

Figure 59: Asia Pacific Electric Vehicle Market Value (US$ Mn) Forecast, by Country & Sub-region, 2017‒2031

Figure 60: Asia Pacific Electric Vehicle Market, Incremental Opportunity, by Country & Sub-region, Value (US$ Mn), 2021-2031

Figure 61: Middle East & Africa Electric Vehicle Market Volume (Units) Forecast, by Motor Type, 2017‒2031

Figure 62: Middle East & Africa Electric Vehicle Market Value (US$ Mn) Forecast, by Motor Type, 2017‒2031

Figure 63: Middle East & Africa Electric Vehicle Market, Incremental Opportunity, by Motor Type, Value (US$ Mn), 2021-2031

Figure 64: Middle East & Africa Electric Vehicle Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031

Figure 65: Middle East & Africa Electric Vehicle Market Value (US$ Mn) Forecast, by Vehicle Type, 2017‒2031

Figure 66: Middle East & Africa Electric Vehicle Market, Incremental Opportunity, by Vehicle Type, Value (US$ Mn), 2021-2031

Figure 67: Middle East & Africa Electric Vehicle Market Volume (Units) Forecast, by Propulsion Technology, 2017‒2031

Figure 68: Middle East & Africa Electric Vehicle Market Volume (Units) Forecast, by Propulsion Technology, 2017‒2031

Figure 69: Middle East & Africa Electric Vehicle Market, Incremental Opportunity, by Propulsion Technology, Value (US$ Mn), 2021-2031

Figure 70: Middle East & Africa Electric Vehicle Market Volume (Units) Forecast, by Application, 2017‒2031

Figure 71: Middle East & Africa Electric Vehicle Market Value (US$ Mn) Forecast, by Application, 2017‒2031

Figure 72: Middle East & Africa Electric Vehicle Market, Incremental Opportunity, by Application, Value (US$ Mn), 2021-2031

Figure 73: Middle East & Africa Electric Vehicle Market Volume (Units) Forecast, by Country & Sub-region, 2017‒2031

Figure 74: Middle East & Africa Electric Vehicle Market Value (US$ Mn) Forecast, by Country & Sub-region, 2017‒2031

Figure 75: Middle East & Africa Electric Vehicle Market, Incremental Opportunity, by Country & Sub-region, Value (US$ Mn), 2021-2031

Figure 76: Latin America Electric Vehicle Market Volume (Units) Forecast, by Motor Type, 2017‒2031

Figure 77: Latin America Electric Vehicle Market Value (US$ Mn) Forecast, by Motor Type, 2017‒2031

Figure 78: Latin America Electric Vehicle Market, Incremental Opportunity, by Motor Type, Value (US$ Mn), 2021-2031

Figure 79: Latin America Electric Vehicle Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031

Figure 80: Latin America Electric Vehicle Market Value (US$ Mn) Forecast, by Vehicle Type, 2017‒2031

Figure 81: Latin America Electric Vehicle Market, Incremental Opportunity, by Vehicle Type, Value (US$ Mn), 2021-2031

Figure 82: Latin America Electric Vehicle Market Volume (Units) Forecast, by Propulsion Technology, 2017‒2031

Figure 83: Latin America Electric Vehicle Market Volume (Units) Forecast, by Propulsion Technology, 2017‒2031

Figure 84: Latin America Electric Vehicle Market, Incremental Opportunity, by Propulsion Technology, Value (US$ Mn), 2021-2031

Figure 85: Latin America Electric Vehicle Market Volume (Units) Forecast, by Application, 2017‒2031

Figure 86: Latin America Electric Vehicle Market Value (US$ Mn) Forecast, by Application, 2017‒2031

Figure 87: Latin America Electric Vehicle Market, Incremental Opportunity, by Application, Value (US$ Mn), 2021-2031

Figure 88: Latin America Electric Vehicle Market Volume (Units) Forecast, by Country & Sub-region, 2017‒2031

Figure 89: Latin America Electric Vehicle Market Value (US$ Mn) Forecast, by Country & Sub-region, 2017‒2031

Figure 90: Latin America Electric Vehicle Market, Incremental Opportunity, by Country & Sub-region, Value (US$ Mn), 2021-2031

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

Request Customization

Electric Vehicle Market