Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Executive Summary
The Global Electric Vehicle (EV) Market was valued at USD 169.95 Billion in the year 2020. Growth in the Electric Vehicles Market is mainly driven by growing environmental concerns and the active steps taken by various governments towards zero emission laws, thereby reducing the carbon emissions in the environment. Increasing two and three wheeler demand is expected to boost the demand of Electric Vehicles (EVs) but the demand is offset by the slow adaptation in leading countries like Japan. Additionally, the growing efforts by companies to boost production, expansion of electric vehicle infrastructure along with charging points are projected to further drive the market growth. Moreover, rising expenditure by the government, carbon emission regulation policies and investments by leading OEMs is boosting the need for Electric Vehicles (EVs) in the industry, which is, in turn, driving the market demand.
The outbreak of COVID-19 has affected the global economy of various sectors, including the oil & gas, manufacturing, automotive, and power generation industries in multiple ways. With the new government guidelines during the COVID-19 outbreak, there was a temporary suspension of the production units during the initial days of the lockdown. This led to disruptions in the production facilities and global supply chains as the electric vehicles manufacturers had to make certain adjustments with the volume of production because of the excess inventory which was left idle. Governments started offering subsidies for purchase of Electric Vehicles which was a major push for the market.
Manufacturers in the electric vehicles market are keen on producing zero emission electric driven vehicles that are tailored for reducing the greenhouse gases in the environment. Top players in the market have ramped up their research and development efforts to cater to specialized needs of the market. Such a strategy might help catapult them to a highly competitive pedestal in near future.
Scope of the Report
• The report analyses the Electric Vehicles (EV) Market by value (USD Billion).
• The report analyses the Electric Vehicles (EV) Market by volume (Million Units).
• The report presents the analysis of Electric Vehicles (EV) market for the historical period of 2016-2020 and the forecast period of 2021-2026.
• The report analyses the Electric Vehicles (EV) Market by Propulsion Type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle).
• The report analyses the Electric Vehicles (EV) Market by Vehicle Type (2/3-wheelers, Passenger Cars and Commercial Vehicles).
• The Global Electric Vehicles (EV) Market has been analysed By Region (Americas, Europe, Asia Pacific and LAMEA).
• The Global Electric Vehicles (EV) Market has been analysed By Country (United States, Canada, Germany, France, United Kingdom, Netherlands, Norway, China, Japan, India and South Korea).
• The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by Propulsion Type, by Vehicle Type.
• Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Tesla, Inc., Volkswagen AG, BYD Company Limited, BMW AG, Daimler AG, Renault S.A., General Motors Company, AB Volvo, Ford Motors, Nissan Motors Co., Limited.
Key Target Audience
• Electric Vehicle (EV) Manufacturers
• Automotive Companies
• Consulting and Advisory Firms
• Government and Policy Makers
• Regulatory Authorities
List of Figures
Figure 1: Global Electric Vehicle (EV) Market Size, By Value, 2016-2026 (USD Billion)
Figure 2: Global Electric Vehicle (EV) Market Size, By Volume, 2016-2026 (Million Units)
Figure 3: Global government spending on electric cars (USD Billion), 2016-2020
Figure 4: Global consumer spending on electric cars (USD Billion), 2016-2020
Figure 5: Global electric passenger car stock (USD Million), 2016-2020
Figure 6: Global lithium-ion battery price pack Real 2020 ($/kWh)
Figure 7: Global EV demand (in Thousands) 2015-19
Figure 8: Global Electric Vehicle (EV) Market- By Propulsion Type Market Share, 2020 & 2026
Figure 9: Global Electric Vehicle (EV) Market- By Battery Electric Vehicles (BEV), By Value (USD Billion), 2016-2026
Figure 10: Global Electric Vehicle (EV) Market: By Plug-in Hybrid Electric Vehicles, By Value (USD Billion), 2016-2026
Figure 11: Global Electric Vehicle (EV) Market - By Vehicle Type Market Share, 2020 & 2026
Figure 12: Global Electric Vehicle (EV) Market- By 2/3 -wheelers, By Value (USD Billion), 2016-2026
Figure 13: Global Electric Vehicle (EV) Market- By Passenger Cars, By Value (USD Billion), 2016-2026
Figure 14: Global Electric Vehicle (EV) Market- By Commercial Vehicles, By Value (USD Billion), 2016-2026
Figure 15: Global Electric Vehicle (EV) Market- By Region Market Share, 2020 & 2026
Figure 16: North America Electric Vehicle (EV) Market Size, By Value, 2016-2026 (USD Billion)
Figure 17: North America Electric Vehicle Charging station market size(USD Million), 2016-2020
Figure 18: North America Electric Vehicle Charging station market size(USD Million), 2021-2025
Figure 19: North America electric car registration market share (in Thousands), 2016-2020
Figure 20: North America new electric bus registrations (in Thousands), 2015-19
Figure 21: North America Electric Vehicle (EV) Market- By Propulsion Type, By Value (USD Billion), 2016-2026
Figure 22: North America Electric Vehicle (EV) Market- By Vehicle Type, By Value (USD Billion), 2016-2026
Figure 23: North America EV charging market station by vehicle type (USD Million), 2015-2019
Figure 24: North America EV charging market station by charger type (USD Million), 2020-2025
Figure 25: Market Opportunity Chart of North America Electric Vehicle (EV) Market- By Country, By Value (Year-2026)
Figure 26: North America Electric Vehicle (EV) Market- By Country Market Share, 2020 & 2026
Figure 27: United States Electric Vehicle (EV) Market Size, By Value, 2016-2026 (USD Billion)
Figure 28: U.S Electric Vehicle Charging Stations Market, By Company, 2017E (%)
Figure 29: U.S Electric Vehicle Charging Stations Market, By Company, 2023F (%)
Figure 30: U.S. Electric Vehicle Charging Station Market: By Vehicle Type, By Value, 2020-2025 (USD Million)
Figure 31: U.S. Electric Vehicle Charging Station Market: By Charger Type, By Value, 2020-2025 (USD Million)
Figure 32: United States Electric Vehicle (EV) Market- By Propulsion Type, By Value (USD Billion), 2016-2026
Figure 33: United States Electric Vehicle (EV) Market- By Vehicle Type, By Value (USD Billion), 2016-2026
Figure 34: Canada Electric Vehicle (EV) Market Size, By Value, 2016-2026 (USD Billion)
Figure 35: Canada Electric Vehicle Charging Stations Market Size, By Company, 2017 (%)
Figure 36: Canada Electric Vehicle Charging Stations Market Size, By Company, 2023 (%)
Figure 37: Canada Electric Vehicle Charging Station Market: By Vehicle Type, By Value, 2020-2025 (USD Million)
Figure 38: Canada Electric Vehicle Charging Station Market: By Charger Type, By Value, 2020-2025 (USD Million)
Figure 39: Canada Electric Vehicle (EV) Market- By Propulsion Type, By Value (USD Billion), 2016-2026
Figure 40: Canada Electric Vehicle (EV) Market- By Vehicle Type, By Value (USD Billion), 2016-2026
Figure 41: Europe Electric Vehicle (EV) Market Size, By Value, 2016-2026 (USD Billion)
Figure 42: Europe electric light commercial vehicle registration (in Units), 2016-20
Figure 43: Europe electric car registration (in Units), 2016-20
Figure 44: Europe electric bus registration (in Units), 2016-20
Figure 45: Europe electric truck registration (in Units), 2016-20
Figure 46: New Passenger Plug-in Electric Car Registration in Europe, in Q1-Q4 2020.
Figure 47: Passenger BEV & PHEV Car Market share in Europe, in Q1-Q3 2020.
Figure 48: Europe Lithium EV Battery Market Size, By Value, 2020-2025 (USD Million)
Figure 49: Europe Lithium EV Battery Market - By Vehicle Type, By Value, 2020-2025 (USD Million)
Figure 50: Europe Electric Vehicle (EV) Market- By Propulsion Type, By Value (USD Billion), 2016-2026
Figure 51: Europe Electric Vehicle (EV) Market- By Vehicle Type, By Value (USD Billion), 2016-2026
Figure 52: Europe EV penetration rate (2016-2025)
Figure 53: Europe ICE & EV sales (Million Units)
Figure 54: Market Opportunity Chart of Europe Electric Vehicle (EV) Market- By Country, By Value (Year-2026)
Figure 55: Europe Electric Vehicle (EV) Market- By Country Market Share, 2020 & 2026
Figure 56: Germany Electric Vehicle (EV) Market Size, By Value, 2016-2026 (USD Billion)
Figure 57: Germany Electric car registration (in Thousands), 2016-2020
Figure 58: Germany plug-in electric car registration, 2020
Figure 59: Germany New passenger auto registration, January 2019
Figure 60: Germany New passenger auto registration, January 2020
Figure 61: Germany Electric Vehicle (EV) Market- By Propulsion Type, By Value (USD Billion), 2016-2026
Figure 62: Germany Electric Vehicle (EV) Market- By Vehicle Type, By Value (USD Billion), 2016-2026
Figure 63: France Electric Vehicle (EV) Market Size, By Value, 2016-2026 (USD Billion)
Figure 64: France Electric car registration (in Thousands), 2016-2020
Figure 65: France passenger auto registration, July 2020
Figure 66: France: Distribution of models among new EV registrations, 2019
Figure 67: France: Number of EV charging stations, By type, 2020
Figure 68: France Electric Vehicle (EV) Market- By Propulsion Type, By Value (USD Billion), 2016-2026
Figure 69: France Electric Vehicle (EV) Market- By Vehicle Type, By Value (USD billion), 2016-2026
Figure 70: United Kingdom Electric Vehicle (EV) Market Size, By Value, 2016-2026 (USD Billion)
Figure 71: United Kingdom Electric car registration (in Thousands), 2016-2020
Figure 72: United Kingdom Passenger Auto registration, July 2020
Figure 73: United Kingdom interest in buying electric vehicles
Figure 74: Distribution of models among new EV registrations, 2019
Figure 75: United Kingdom Electric Vehicle (EV) Market- By Propulsion Type, By Value (USD Billion), 2016-2026
Figure 76: United Kingdom Electric Vehicle (EV) Market- By Vehicle Type, By Value (USD Billion), 2016-2026
Figure 77: Netherlands Electric Vehicle (EV) Market Size, By Value, 2016-2026 (USD Billion)
Figure 78: Netherlands Electric car registration (in Thousands), 2016-2020
Figure 79: Netherlands: Number of charging points, December 2020
Figure 80: Distribution of models among new EV registrations, 2019
Figure 81: Netherlands interest in buying electric vehicles
Figure 82: Netherlands Electric Vehicle (EV) Market- By Propulsion Type, By Value (USD Billion), 2016-2026
Figure 83: Netherlands Electric Vehicle (EV) Market- By Vehicle Type, By Value (USD Billion), 2016-2026
Figure 84: Norway Electric Vehicle (EV) Market Size, By Value, 2016-2026 (USD Billion)
Figure 85: Norway Electric car registration (in Thousands), 2016-2020
Figure 86: Norway Number of public charging points, 2016-2020
Figure 87: Norway: Number of registered electric passenger- and light commercial vehicles, 2016-2020
Figure 88: Norway Passenger Auto registration, August 2020
Figure 89: Distribution of models among new EV registrations, 2019
Figure 90: Norway Electric Vehicle (EV) Market- By Propulsion Type, By Value (USD Billion), 2016-2026
Figure 91: Norway Electric Vehicle (EV) Market- By Vehicle Type, By Value (USD Billion), 2016-2026
Figure 92: Asia Pacific Electric Vehicle (EV) Market Size, By Value, 2016-2026 (USD Billion)
Figure 93: APAC: Ratio of public chargers per EV stock, 2020
Figure 94: APAC BEV market share by country, 2020
Figure 95: Asia Pacific EV sales by country
Figure 96: Asia Pacific Lithium EV market, 2019
Figure 97: Asia Pacific Lithium EV market, 2025
Figure 98: Asia Pacific Electric Vehicle (EV) Market- By Propulsion Type, By Value (USD Million), 2016-2026
Figure 99: Asia Pacific Electric Vehicle (EV) Market- By Vehicle Type, By Value (USD Billion), 2016-2026
Figure 100: Market Opportunity Chart of APAC Electric Vehicle (EV) Market- By Country, By Value (Year-2026)
Figure 101: APAC Electric Vehicle (EV) Market- By Country Market Share, 2020 & 2026
Figure 102: China Electric Vehicle (EV) Market Size, By Value, 2016-2026 (USD Billion)
Figure 103: China Potential electric car buyers,
Figure 104: China Electric car registrations (in thousands), 2016-2020
Figure 105: China Electric car model availability, 2020
Figure 106: China's Electric bus registrations (in Thousands), 2016-2020
Figure 107: China Electric truck registrations (in Thousands), 2016-2020
Figure 108: China Battery demand (GWh/year), 2016-2020
Figure 109: China Electric Vehicle (EV) Market- By Propulsion Type, By Value (USD Billion), 2016-2026
Figure 110: China Electric Vehicle (EV) Market- By Vehicle Type, By Value (USD Billion), 2016-2026
Figure 111: Japan Electric Vehicle (EV) Market Size, By Value, 2016-2026 (USD Billion)
Figure 112: Japan Electric car registrations (In thousands), 2016-2020
Figure 113: Japan: Number of EV chargers, 2016-2020
Figure 114: Japan: EV sales ,January- May 2020
Figure 115: Japan vehicle owners by engine types
Figure 116: Japan Potential electric car buyers
Figure 117: Japan Electric Vehicle (EV) Market- By Propulsion Type, By Value (USD Billion), 2016-2026
Figure 118: Japan Electric Vehicle (EV) Market- By Vehicle Type, By Value (USD Billion), 2016-2026
Figure 119: India Electric Vehicle (EV) Market Size, By Value, 2016-2026 (USD Million)
Figure 120: India segment wise EV sales (in thousands), 2019-2020
Figure 121: India potential electric car buyers
Figure 122: India's EV penetration rate as a percentage of ICE sales, 2019
Figure 123: India's EV penetration rate as a percentage of ICE sales, 2020
Figure 124: India Electric Vehicle (EV) Market- By Propulsion Type, By Value (USD Billion), 2016-2026
Figure 125: India Electric Vehicle (EV) Market- By Vehicle Type, By Value (USD Billion), 2016-2026
Figure 126: South Korea Electric Vehicle (EV) Market Size, By Value, 2016-2026 (USD Billion)
Figure 127: South Korea Electric car registrations (In thousands), 2016-2020
Figure 128: South Korea electric vehicles charging station, 2016-2020
Figure 129: South Korea Potential electric car buyers
Figure 130: South Korea Top electric vehicles, Jan-March 2020
Figure 131: South Korea Lithium EV Battery Market Size, by value, 2016-2020 (USD Millions)
Figure 132: South Korea Electric Vehicle (EV) Market- By Propulsion Type, By Value (USD Billion), 2016-2026
Figure 133: South Korea Electric Vehicle (EV) Market- By Vehicle Type, By Value (USD Billion), 2016-2026
Figure 134: Market Attractiveness Chart of Global Electric Vehicle (EV) Market- By Propulsion Type (Year-2026)
Figure 135: Market Attractiveness Chart of Global Electric Vehicle (EV) Market- By Vehicle Type (Year-2026)
Figure 136: Market Attractiveness Chart of Global Electric Vehicle (EV) Market- By Region (Year-2026)
Figure 137: Global Electric Vehicles (EVs) company market share (%), 2020
Figure 138: Tesla, Inc. Annual Sales Revenue, 2016-2020 (USD Million)
Figure 139: Tesla, Inc. Net Income, 2016-2020 (USD Million)
Figure 140: Tesla, Inc. Sales Revenue, By Business Segment (%), FY2020
Figure 141: Tesla, Inc. Sales Revenue, By Geographical Segment (%), FY2020
Figure 142: Volkswagen AG Annual Sales Revenue, 2016-2020 (USD Billion)
Figure 143: Volkswagen AG Net Income, 2016-2020 (USD Billion)
Figure 144: Volkswagen AG Sales Revenue, By Business Segment (%), FY2020
Figure 145: Volkswagen AG Sales Revenue, By Geographical Segment (%), FY2020
Figure 146: BYD Company Limited Annual Sales Revenue, 2016-2020 (USD Million)
Figure 147: BYD Company Limited Gross Profit, 2016-2020 (USD Million)
Figure 148: BYD Company Limited Sales Revenue, By Business Segment (%), FY2020
Figure 149: BYD Company Limited Sales Revenue, By Business Segment (%), FY2020
Figure 150: BMW AG Annual Sales Revenue, 2016-2020 (USD Million)
Figure 151: BMW AG Net Profit, 2016-2020 (USD Million)
Figure 152: BMW AG Sales Revenue, By Business Segment (%), FY2020
Figure 153: BMW AG Sales Revenue, By Geographical Segment (%), FY2020
Figure 154: Daimler AG Annual Sales Revenue, 2016-2020 (USD Million)
Figure 155: Daimler AG Net Profit, 2016-2020 (USD Million)
Figure 156: Daimler AG Sales Revenue, By Business Segment (%), FY2020
Figure 157: Daimler AG Sales Revenue, By Geographical Segment (%), FY2020
Figure 158: Renault S.A. Annual Sales Revenue, 2016-2020 (USD Million)
Figure 159: Renault S.A. Net Income, 2016-2020 (USD Million)
Figure 160: Renault S.A. Sales Revenue, By Business Segment (%), FY2020
Figure 161: Renault S.A. Sales Revenue, By Geographical Segment (%), FY2020
Figure 162: General Motors Company Annual Sales Revenue, 2016-2020 (USD Million)
Figure 163: General Motors Company Net Income, 2016-2020 (USD Million)
Figure 164: General Motors Company Sales Revenue, By Business Segment (%), FY2020
Figure 165: General Motors Company Sales Revenue, In Automotive Segment (%), FY2020
Figure 166: AB Volvo Annual Sales Revenue, 2016-2020 (USD Million)
Figure 167: AB Volvo Net Income, 2016-2020 (USD Million)
Figure 168: AB Volvo Sales Revenue, By Business Segment (%), FY2020
Figure 169: AB Volvo Sales Revenue, By Geographical Segment (%), FY2020
Figure 170: Ford Motor Company Annual Sales Revenue, 2016-2020 (USD Million)
Figure 171: Ford Motor Company Net Income, 2016-2020 (USD Million)
Figure 172: Ford Motor Company Sales Revenue, By Business Sector (%), FY2020
Figure 173: Ford Motor Company Sales Revenue, By Geographical Segment (%), FY2020
Figure 174: Nissan Motor Co., Ltd. Annual Sales Revenue, 2016-2020 (USD Million)
Figure 175: Nissan Motor Co., Ltd. Net Income, 2016-2020 (USD Million)
Figure 176: Nissan Motor Co., Ltd. Sales Revenue, By Business Segment (%), FY2020
Figure 177: Nissan Motor Co., Ltd. Sales Revenue, By Geographical Segment (%), FY2020
Table A: Global major electric vehicle producers, 2020
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