The 2019 study has 210 pages, 110 tables and figures. The vendors in the Personal Electric Vehicle EV Cars industry have invested in high-quality technology and processes to develop leading edge electric vehicle capability a being implemented quickly so as to benefit from first mover advantage in the market.
Personal Electric Vehicle EV Car manufacture promises to replace gasoline engine cars by 2025. Electric cars leverage new battery technology to achieve better cost benefit ratios. Electric vehicles provide a positive ROI to owners because the cost of recharging batteries is significantly less than the cost of gasoline for similar mileage driven.
Electric car markets bring lower costs and higher value when battery technology is modernized. As lithium ion battery cathodes undergo rapid improvement, the lower cost batteries make electric vehicles less expensive than gas powered vehicles. Electric cars cost less than ICE engine cars, finally. Electric cars do require battery replacement after 5 years.
Global warming has become a serious issue. Consumers have become aware of the need to embrace renewable energy programs directly. The UK is in danger of completely running out of fresh water in 10 years. The high school students are protesting global warming every Friday - worldwide. Nebraska farmers and Iowa voters are fearful about global warming. Consumers are beginning to demand electric vehicles. Personal Electric Vehicle EV Cars that depend on efficient lithium ion batteries have finally begun to tow the mark with regard to addressing global warming.
Electric cars leverage new battery technology to achieve better cost benefit ratios. Electric car markets bring lower costs and higher value when battery technology is modernized. As lithium ion battery cathodes undergo rapid improvement, the lower cost batteries make electric vehicles less expensive than gas powered vehicles. Electric vehicles provide a positive ROI to owners because recharging batteries is significantly less than the cost of gasoline for similar mileage driven. Electric cars cost less than ICE engine cars, finally. Electric cars do require battery replacement after 5 years.
Over the last several years, electric vehicles have entered the mainstream, and the market segment is expected to grow creating radical changes in personal transport. How the segment unfolds is still to be decided, but all signs point to a situation creating 36% of the cars on the road are electric by 2025. By that time, all of the cars manufactured will be electric. Automakers and suppliers are dramatically expanding electrified offerings to achieve gains in fuel efficiency, reductions in emissions, and modernization of the model offerings.
As market participants to establish positions in the electric personal vehicle offerings. the leadership positions are shifting. With the advent of Tesla selling cars over the internet, even the distribution channels threaten to shift dramatically. Industry leadership by Tesla has been achieved by making significant investment in manufacturing and battery infrastructure to facilitate the shift to a next generation of automotive transport.
Automotive manufacturers and suppliers are making a concerted shift away from the internal combustion engine to fully electric vehicles. To retain profitability, companies are improving the efficiency of electric vehicles. The vendors are working to reduce the cost of core components, particularly the traction motors and power electronics.
Vehicles require electric drive motors, generators, and power electronics for alternating current-direct current (AC-DC) conversion as well as DC voltage conversion to support multiple vehicle subsystems.
The global electric vehicle market at $39.8 billion in 2018 is projected to reach $1.5 trillion by 2025. Units sales are anticipated to reach 97 million vehicles worldwide by 2025. EV sales worldwide at 2.7 million vehicles in 2018 will go to 11 million in 2020.
Companies Profiled
Market Leaders
Key Topics
Table of Contents
Electric Cars (EVs): Market Shares, Market Strategy, and Market Forecasts, 2019 to 2025 1
Electric Cars Executive Summary 17
Electric Cars Market Driving Forces 17
Electric Cars Market Driving Forces 18
Personal Electric Automobiles, Market Shares 20
Personal Electric Automobiles, Market and Market Forecast 211. Electric Cars Market Definition and Market Dynamics 24
1.1 Move to Electric Vehicles 24
1.1.1 Market Leaders General Motors And Toyota Stumbling In Electric Vehicle Market 25
1.2 Urban Shift to Upgraded Mega Cities 25
1.2.1 Electric Vehicle Regional Markets 26
1.3 Battery 27
1.3.1 Electric Vehicle Lithium-ion EV Battery Cathode Materials 27
1.3.2 Tesla Battery 28
1.3.3 Cobalt 29
1.4 EV Cost of Operation 32
1.4.1 EV Fuel Efficiency 32
1.4.2 Government Incentives for Electric Vehicles 33
1.4.3 Military Spending 0n Artificial Intelligence (AI) 332. Electric Cars Market Shares and Market Forecasts 35
2.1 Electric Cars Market Driving Forces 35
2.1.1 Electric Cars Market Driving Forces 35
2.1.2 Motor Controller 37
2.1.3 Electric Engine 38
2.1.4 Other Components of an Electric Engine 38
2.1.5 EV Economies of Scale 39
2.2 Electric Cars Market Shares 39
2.2.1 Electric Car Market Participants 41
2.2.2 Electric Car Batteries 43
2.3 Electric Car Market Forecasts 44
2.3.1 Electric Vehicle Car Segment Market Forecasts, Small, Mid-Size, Luxury. And TaaS, Shipments 47
2.3.2 Trucks and Busses Electric Vehicle Market Forecasts 50
2.4 Electric Cars Regional Market Analysis 53
2.4.2 Cars and Light Truck, Trucks and Busses Vehicle and Electric Vehicle Segment Market Forecasts, 53
2.4.3 Cars and Light Truck Electric Vehicle Regional Segment Market Forecasts 54
2.4.4 Electric Car Market Regional Segments, US, Europe, China, Japan, RoW 56
2.4.5 US 58
2.4.6 United States: Personal Electric Vehicle Market Forecast Units and Dollars 65
2.4.7 Canadian Personal Electric Vehicle Market Forecast Units and Dollars67
2.4.8 Brazil: Personal Electric Vehicle Market Forecast Units and Dollars 68
2.4.9 Americas 68
2.4.10 Europe 69
2.4.11 European Personal Electric Vehicle Market Forecast Units and Dollars 76
2.4.12 Germany: Personal Electric Vehicle Market Forecast Units and Dollars 79
2.4.13 Scandinavia: Personal Electric Vehicle Market Forecast Units and Dollars 82
2.4.14 UK: Personal Electric Vehicle Market Forecast Units and Dollars 85
2.4.15 Personal Electric Automobile, Market and Market Forecast, Dollars and % Growth, France, 2019-2025 88
2.4.16 Personal Electric Automobile, Market and Market Forecast, Dollars and % Growth, Spain, 2019-2025 91
2.4.17 Personal Electric Automobile, Market and Market Forecast, Dollars and % Growth, Netherlands, 2019-2025 94
2.4.18 Chinese EV Market 97
2.4.19 China Positioned to Be An All Electric Vehicle Ecosystem 101
2.4.20 China EV Market Forecast 105
2.4.21 Japan 112
2.4.22 India 116
2.4.23 South Korea 119
2.4.24 Personal Electric Automobile, Market and Market Forecast, Dollars, Units and % Growth, South Korea 1193. Electric Cars: Product Description 120
3.1 Electric Vehicles 120
3.1.1 Nations and Cities Globally Moving to Electric Vehicles 121
3.1.2 California Seeks to Ban Gas Burning Vehicles 121
3.1.3 Activity worldwide for Full Phase-Out of Diesel And Gasoline Engines 122
3.2 EV Battery Manufacturing 123
3.3 Electric Vehicle Infrastructure Spending by Manufacturers 125
3.3.1 Transport as a Service (TaaS) 128
3.3.2 Charging Stations 1304. Electric Cars, Vehicles, Research, and Technology 131
4.1 Chinese Electric Vehicles 131
4.2 Electric Car Features 135
4.3 Solid State Battery Technology 138
4.4 Battery Charging 139
4.4.1 Battery Technology Assisted by Heated Seats and Heated Steering Wheel 140
4.4.2 Battery Capacity of an EV 140
4.5 Power Supply Information Center 140
4.6 Lithium Ion Batteries 1435. Electric Cars Trucks Company Profiles 145
5.1 Aston Martin 145
5.2 BAIC 145
5.2.1 BAIC Corporate Structure 146
5.3 BYD 150
5.3.1 BYD Co. Ltd. Rechargeable Batteries 153
5.4 BMW 153
5.5 Chrysler 154
5.6 Dongfeng 155
5.7 Daimler 155
5.8 Energica Motor Company S.P.A., 156
5.9 FAW Group 156
5.9.1 FAW-Volkswagen 156
5.10 Ford 157
5.11 JLR 157
5.12 Geely 158
5.13 GM 158
5.13.1 GM Bolt EV 159
5.13.2 GM Volt EV 160
5.13.3 Cadillac 160
5.13.4 GM Tax credit 160
5.13.5 SAIC General Motors Automotive / China Joint Ventures JVs 161
5.14 Honda 162
5.15 NIO 163
5.15.1 NIO in China 163
5.16 Nissan 164
5.16.1 Renault Nissan & Mitsubishi Alliance 164
5.17 Panasonic 166
5.18 Porsche 167
5.19 SAIC Motor 167
5.19.1 Joint Ventures SAIC-VW, SAIC-GM, and SAIC-GM-Wuling 168
5.19.2 SAIC Motor New Energy Vehicles (NEV) 170
5.19.3 GM Financial (GMF), a subsidiary of General Motors, and SAIC have established SAIC-GMF Leasing Co 170
5.20 Tesla 171
5.20.1 Tesla Revenue 172
5.20.2 Tesla Gigafactory 1 173
5.20.3 Tesla Gigafactory 2 174
5.20.4 Gigafactory 2 Tesla Solar Energy Systems, Renewable Energy Storage, And Energy Storage Products 174
5.20.5 Tesla Gigafactory 3 175
5.21 Thunder Power 175
5.22 Toyota 177
5.22.1 Toyota Prius Prime 178
5.22.2 Toyota and Panasonic 179
5.23 Volkswagen 179
5.23.1 Volkswagen E-Golf 179
5.23.2 Volkswagen DC Fast Charge 179
5.24 Volvo 181
5.25 Other Electric Car and Light Truck Companies 182
List of Chart
Figure 1. Electric Cars Market Driving Forces 19
Figure 2. Personal Electric Automobile Market Shares, Dollars, Worldwide, 2018 20
Figure 3. Personal Electric Automobiles, Market and Market Forecast, Dollars and % Growth, 2012-2025 21
Figure 4. Cathode Material 34.7% of Battery 27
Figure 5. Cobalt 30
Figure 6. Metric Tons of Cobalt Produced in 2016 31
Figure 7. Electric Cars Market Driving Forces 36
Figure 8. Key Components of an Electric EV Drive System 37
Figure 9. Personal Electric Automobile Market Shares, Dollars, Worldwide, 2018 40
Figure 10. Personal Electric Automobiles, Market and Market Forecast, Dollars and % Growth, 2012-2025 45
Figure 11. Personal Electric Automobiles, Market and Market Forecast, Units and % Growth, 2012-2025 46
Figure 12. Cars and Light Truck Electric Vehicle Market Forecasts, Units and Percent, Worldwide, 2019 – 2025 47
Figure 13. Cars and Light Truck Electric Vehicle Segment Market Forecasts, Small, Mid Size, Luxury. And TaaS, Units, Worldwide, 2019 - 2025 48
Figure 14. Cars Electric Vehicle Segment Market Forecasts, Small, Mid-Size, Luxury. And TaaS, Shipments, Dollars and $ per Unit, Worldwide, 2019 - 2025 49
Figure 15. Trucks and Busses Electric Vehicle Market Forecasts, Shipments, Units, Worldwide, 2019 - 2025 50
Figure 16. Trucks and Busses Electric Vehicle Segment Market Forecasts, Light Duty Trucks, Mid Size Trucks, Large Trucks, Busses, Shipments, Units, Worldwide, 2019 - 2025 51
Figure 17. Trucks and Busses Electric Vehicle Segment Market Forecasts, Light Duty Trucks, Mid Size Trucks, Large Trucks, Busses, Shipments, Dollars, Worldwide, 2019 - 2025 52
Figure 18. Cars and Light Truck, Trucks and Busses Vehicle and Electric Vehicle Segment Market Forecasts, Shipments, Percent and Units, Worldwide, 2019 - 2025 53
Figure 19. Cars and Light Truck Electric Vehicle Regional Segment Market Forecasts, China, US, Europe, and Rest of World Shipments, Percent Units, Worldwide, 2019 - 2025 54
Figure 20. US EV Tax Credit 55
Figure 21. Electric Car Market Regional Segments, US, Europe, China, Japan, RoW, Dollars and Units, Worldwide, 2018 56
Figure 22. Electric Car (EV) Regional Market Segments, Dollars, 2018 58
Figure 23. Personal Electric Car (EV), Dollars, Market Shares, United States, 2018 59
Figure 24. US Electric Car Market Shares, Dollars, , 2018 60
Figure 25. Personal Electric Car (EV), Units, Market Shares, United States, 2018 61
Figure 26. US Electric Car Market Shares, Units, 2018 62
Figure 27. US Electric Car Units and Dollar Percent Comparison, 2018 63
Figure 28. US Electric Car Vendor Descriptions, Tesla, GM, Toyota Prius Prime, BMW, Honda, Nissan Leaf, Ford Fusion Energi, 2018 64
Figure 29. United States: Personal Electric Vehicle Market Forecast Units and Dollars 65
Figure 30. United States: Personal Electric Vehicle Market Forecast Units and Dollars 66
Figure 31. United States: Personal Electric Vehicle Market Forecast Units and Dollars 67
Figure 32. Canadian Personal Electric Vehicle Market Forecast Units and Dollars67
Figure 33. Brazil: Personal Electric Vehicle Market Forecast Units and Dollars 68
Figure 34. Personal Electric Vehicles Regional Analysis, Dollars and Percent, 2012 - 2025 68
Figure 35. Personal Electric Car (EV), Dollars, Market Shares, Europe, 2018 69
Figure 36. European Electric Car Market Shares, Dollars, 2018 and 2017 70
Figure 37. Personal Electric Car (EV), Units, Market Shares, Europe, 2018 71
Figure 38. European Electric Car Market Shares, Units, 2018 72
Figure 39. European Car Registrations First Half 2018 73
Figure 40. European Electric Vehicle Companies 75
Figure 41. Personal Electric Automobile, Market and Market Forecast, Dollars and % Growth, Europe, 2019-2025 76
Figure 42. Personal Electric Automobile, Market and Market Forecast, Units and % Growth, Europe, 2019-2025 77
Figure 43. Personal Electric Automobile, Market and Market Forecast, Dollars, Units and % Growth, Europe, 2019-2025 78
Figure 44. Personal Electric Automobile, Market and Market Forecast, Dollars and % Growth, Germany, 2019-2025 79
Figure 45. Personal Electric Automobile, Market and Market Forecast, Units and % Growth, German, 2019-2025 80
Figure 46. Personal Electric Automobile, Market and Market Forecast, Dollars, Units, and % Growth, German, 2019-2025 81
Figure 47. Personal Electric Automobile, Market and Market Forecast, Dollars and % Growth, Scandinavia, 2019-2025 82
Figure 48. Personal Electric Automobile, Market and Market Forecast, Units and % Growth, Scandinavia, 2019-2025 83
Figure 49. Scandinavia: Personal Electric Vehicle Market Forecast Units and Dollars 84
Figure 50. Personal Electric Automobile, Market and Market Forecast, Dollars and % Growth, UK, 2019-2025 85
Figure 51. Personal Electric Automobile, Market and Market Forecast, Units and % Growth, UK, 2019-2025 86
Figure 52. Personal Electric Automobile, Market and Market Forecast, Dollars, Units, and % Growth, UK, 2019-2025 87
Figure 53. Personal Electric Automobile, Market and Market Forecast, Dollars and % Growth, France, 2019-2025 88
Figure 54. Personal Electric Automobile, Market and Market Forecast, Units and % Growth, France, 2019-2025 89
Figure 55. Personal Electric Automobile, Market and Market Forecast, Dollars and Units and % Growth, France, 2019-2025 90
Figure 56. Personal Electric Automobile, Market and Market Forecast, Dollars and % Growth, Spain, 2019-2025 91
Figure 57. Personal Electric Automobile, Market and Market Forecast, Units and % Growth, Spain, 2019-2025 92
Figure 58. Personal Electric Automobile, Market and Market Forecast, Dollars, Units and % Growth, Spain, 2019-2025 93
Figure 59. Personal Electric Automobile, Market and Market Forecast, Dollars and % Growth, Netherlands, 2019-2025 94
Figure 60. Personal Electric Automobile, Market and Market Forecast, Units and % Growth, Netherlands, 2019-2025 95
Figure 61. Personal Electric Automobile, Market and Market Forecast, Dollars, Units and % Growth, Netherlands, 2019-2025 96
Figure 62. Chinese EV Market 97
Figure 63. Chinese Electric Car Market Shares, Dollars, 2018 98
Figure 64. Chinese Electric Car Market Shares, Dollars, 2018 and 2017 99
Figure 65. Chinese Electric Car Market Shares, Units, 2018 100
Figure 66. BYD Plug in Electric Car Sales in China 102
Figure 67. China Electric Vehicle Market Leaders 105
Figure 68. Electric Vehicle Market Shares China 106
Figure 69. Personal Electric Automobile, Market and Market Forecast, Dollars and % Growth, China, 2019-2025 109
Figure 70. Personal Electric Automobile, Market and Market Forecast, Units and % Growth, China, 2019-2025 110
Figure 71. Personal Electric Automobile, Market and Market Forecast, Dollars and % Growth, China, 2019-2025 111
Figure 72. Personal Electric Automobile, Market and Market Forecast, Dollars and % Growth, Japan, 2019-2025 112
Figure 73. Personal Electric Automobile, Market and Market Forecast, Units and % Growth, Japan, 2019-2025 113
Figure 74. Personal Electric Automobile, Market and Market Forecast, Dollars, Units and % Growth, Japan, 2019-2025 114
Figure 75. Personal Electric Automobile, Market and Market Forecast, Dollars, Units and % Growth, Japan, 2019-2025 115
Figure 76. Personal Electric Automobile, Market and Market Forecast, Dollars and % Growth, India, 2019-2025 116
Figure 77. Personal Electric Automobile, Market and Market Forecast, Units and % Growth, India, 2019-2025 117
Figure 78. Personal Electric Automobile, Market and Market Forecast, Dollars, Units and % Growth, India, 2019-2025 118
Figure 79. Personal Electric Automobile, Market and Market Forecast, Dollars, Units and % Growth, South Korea, 2019-2025 119
Figure 80. Activity worldwide for Full Phase-Out Of Diesel And Gasoline Engines: 122
Figure 81. Market Shares for Electric Batteries 124
Figure 82. Electric Vehicle Segment Market Forecasts, Dollars, Worldwide, 2019 - 2025 126
Figure 83. EV Market Growth Factors 127
Figure 84. Chinese Electric Vehicles 131
Figure 85. Made in China Electric Vehicles 132
Figure 86. Electric Car Quickest Acceleration 135
Figure 87. Most Efficient Electric Vehicles 136
Figure 88. Most Popular Electric Cars 136
Figure 89. Most Affordable Electric Cars 137
Figure 90. Best Price/Range ratio Electric Cars 137
Figure 91. Recently Added Electric Cars 138
Figure 92. EV Driver Information Center Information 141
Figure 93. EV Mobile App Features 142
Figure 94. BAIC EV Models 2013 - 2019 145
Figure 95. BAIC EC180 Car Sales 2018 148
Figure 96. BAIC Senova Car Sales 2018 149
Figure 97. Revenue of BYD in Billions of Yuan, 2009 to 2017 151
Figure 98. BYD Revenue Segments 152
Figure 99. SAIC General Motors Automotive / China Joint Ventures JVs Percent Ownership 161
Figure 100. Honda Clarity Electric Shaped for Airflow 162
Figure 101. Nissan Leaf Electric Vehicle Versions And Specs 165
Figure 102. Panasonic Sales by Segment, FY 2019 166
Figure 103. Tesla Revenue 172
Figure 104. Thunder Power EV 176
Figure 105. Toyota EV 177
Figure 106. Toyota Prius Prime EV Specifications 178
Figure 107. Toyota Prius Prime Hybrid Models 178
Figure 108. Volkswagen E-Golf 180
Figure 109. Volvo Electric Car 181
Figure 110. Personal Electric Vehicles 189
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