Global Electric Vehicle Market was valued at 6,697 Thousand Units in 2021, and it is expected to reach 32,225 Thousand Units by 2029, exhibiting a CAGR of 21.7 % during the forecast period (2022-2029)
Electric Vehicle Market Overview:
A research team conducted extensive primary and secondary research for the Electric Vehicle market study of the global market. In order to augment already-existing data, segment the market, calculate the overall market size, and project market size and growth rate, secondary research was conducted.
Market revenue is determined by primary and secondary research, and market leaders are recognised through these two methods. In-depth interviews with influential thought leaders and business leaders, including CEOs and marketing executives, were conducted as part of the main study.
As part of the primary research, extensive interviews with key opinion leaders and business leaders, including CEOs and marketing executives, were done. As part of the secondary research, the annual and financial reports of the major manufacturers were examined. Global market percentage splits, market shares, growth rates, and breakdowns are produced from secondary sources and validated against primary data.
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Market Scope:
The report contributes to a better knowledge of the global Electric Vehicle market's dynamic structure by identifying and assessing market segments and estimating market size. The report also contains a comparison of key firms' pricing, financial standing, application growth objectives, and regional presence. To assist shareholders in prioritising their efforts and investments in the global Electric Vehicle market, the study also contains a PESTLE analysis.
Decision-makers now have a clear picture of the future of the market thanks to the investigation of external and internal factors that are expected to either benefit or harm enterprises. Through the analysis of market segmentation and projections of market size, the study also contributes to an understanding of the dynamic structure of the global ## market. The study is a resource for investors by giving a thorough representation of the competitive analysis of significant organizations in the Global Electric Vehicle Market based on price, financial position, growth strategies, and geographic presence.
Electric Vehicle Market Segment:
The market is divided into three categories: BEV, PHEV, and FCEV based on propulsion. 2020 saw a market dominance of the HEV category, which accounted for more than 65% of all sales. The HEV provides both fuel-based and electric driving alternatives, which is particularly advantageous in locations with sparse charging infrastructure. As governments and private businesses attempt to create a global network of charging infrastructure to promote the use of green energy, the demand for battery electric automobiles is rising. Additionally, the PHEV category is expanding steadily. In the upcoming years, demand for these vehicles is anticipated to rise as prices for them decline.
Electric Vehicle Market Key players:
• Tesla
• NIO
• BMW
• Li Auto
• Nissan
• Rivian
• Chevrolet
• LucidMotors
• Ford
• XPeng
• Toyota
• Volkswagen
• Polestar
• Kia
• Fisker
• Nikola
• Proterra
• Gogoro
• Canoo
• Lion Electric
• Arrival
• Hyliion
• Hyzon Motors
• NIU
• Stellantas
• BYD
• SAIC Motors
• Faraday Future
• Lordstown Motors
Regional Analysis:
The Electric Vehicle Market is examined at the national level with a focus on nations with the largest market shares, categories with the potential for strong growth, and categories. The regional breakdowns in the Electric Vehicle Market research include North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations.
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COVID-19 Impact Analysis on Electric Vehicle Market: The report covers COVID-19 impact on Electric Vehicle market.
Key Questions Answered in the Electric Vehicle Market Report are:
- What will the CAGR of the ## market be during the forecast period?
- In the ## market, which market segment has become the market leader?
- Which companies dominate the ## market?
- In 2029, how big will the ## market be?
- Which company held the largest proportion of the ## market?
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