電気自動車市場レポート：コンポーネント別、充電タイプ別、推進タイプ別、車両タイプ別、地域別、2024年～2032年

世界の電気自動車市場規模は2023年に2,560万台に達しました。IMARC Groupは、2032年には3億8,130万台に達し、2024年から2032年にかけて34%の成長率（CAGR）を示すと予測しています。環境の持続可能性に対する懸念の高まり、排出量削減の必要性、バッテリー技術の進歩、政府の支援政策やインセンティブ、社会意識の高まり、再生可能エネルギーへの投資などが、市場成長を加速する要因のいくつかです。

電気自動車（EV）は、自走可能で物資や乗客を輸送するために設計された画期的な自動車です。プラグイン・ハイブリッド電気自動車（PHEV）、バッテリー電気自動車（BEV）、ハイブリッド電気自動車（HEV）が標準タイプとして含まれます。EVは、バッテリーからの蓄積エネルギーで作動し、ターボチャージャーや回生ブレーキシステムなどの自己充電機構を使って、運動エネルギーを電力に変換して便利に充電することができます。EVの大きな利点は、テールパイプ排出がゼロであることで、よりクリーンな環境に貢献し、従来の化石燃料への依存を減らすことができます。さらに、従来の自動車と比較して運用コスト効率が高いため、世界中の消費者にとってますます魅力的な選択肢となっており、EVの普及を促進し、輸送の持続可能な未来を育んでいます。

環境の持続可能性に対する関心の高まりと温室効果ガス排出量削減の必要性が、政府や消費者を従来の内燃エンジン車に代わるよりクリーンな選択肢として電気自動車の採用に向かわせ、これが市場成長を後押しする主な要因の一つとなっています。さらに、バッテリー技術の進歩と、それに伴う電気自動車の航続距離と充電インフラの改善が、市場の成長を後押ししています。これに伴い、世界各国の政府は電気自動車の導入を促進するため、税額控除、補助金、規制の義務化といった支援政策やインセンティブを実施しており、これが市場の成長を支えています。さらに、自動車業界が電気自動車の性能、安全性、手頃な価格を強化するための研究開発（R&D）に注力していることも、市場拡大を後押ししています。

電気自動車市場の動向と促進要因：

環境の持続可能性と排出削減

世界の電気自動車市場を牽引しているのは、環境の持続可能性に対する差し迫った懸念と、気候変動を緩和する緊急の必要性です。従来の化石燃料を動力とする自動車が温室効果ガスの排出と大気汚染に大きく寄与しているため、政府、環境団体、個人は、よりクリーンな代替交通手段を提唱するようになっています。電気自動車は、テールパイプからの排出がゼロで、有害な汚染物質や大気質への影響を減らすことができるため、有望な解決策となります。従来の自動車が環境に与える影響に対する意識の高まりは、よりクリーンで持続可能な交通手段としてのEVに対する需要の高まりに火をつけた。

バッテリー技術の進歩と航続距離の向上

バッテリー技術の進歩は、世界の電気自動車市場の極めて重要な促進要因です。EVの主な懸念事項のひとつは、走行距離の制限と充電インフラの利用可能性でした。しかし、バッテリーの研究開発における著しい進歩により、エネルギー貯蔵容量と効率が向上しました。最新のリチウムイオン・バッテリーは、革新的なバッテリー管理システムと相まって、電気自動車の走行距離を伸ばしています。こうした進歩は、実用的な日常使用車としてのEVに対する消費者の信頼を高め、EVがより多くの人々にとって現実的な選択肢となった。バッテリー技術が進化を続けるにつれて、電気自動車の性能と価格がさらに向上し、市場の成長に拍車がかかると予想されます。

政府の支援政策とインセンティブ

好意的な政策やインセンティブを通じた政府の支援は、世界中で電気自動車の普及を後押ししてきました。多くの政府は、消費者に電気自動車への乗り換えを促すため、税額控除、補助金、登録料の減額、相乗りレーンの利用など、さまざまなインセンティブを導入しています。さらに、いくつかの地域では厳しい排ガス規制を課し、電気自動車普及の野心的な目標を設定しているため、自動車メーカーは電気自動車生産に多額の投資を余儀なくされています。政府はまた、民間の利害関係者と協力して充電インフラを開発・拡大し、消費者が電気モビリティを導入するインセンティブをさらに高めています。こうした支援策は、電気自動車市場の成長に資する環境を作り出し、メーカーと消費者の双方を刺激して、より環境に優しい代替交通手段への移行を促しています。

目次

第1章 序文

第2章 調査範囲と調査手法

• 調査目的
• 利害関係者
• データソース
  • 一次情報
  • 二次情報
• 市場推定
  • ボトムアップアプローチ
  • トップダウンアプローチ
• 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

• 概要
• 主要産業動向

第5章 電気自動車の世界市場

• 市場概要
• 市場実績
• COVID-19の影響
• 市場予測

第6章 市場内訳：コンポーネント別

• バッテリーセル＆パック
  • 市場動向
  • 市場予測
• 車載充電器
  • 市場動向
  • 市場予測
• 燃料スタック
  • 市場動向
  • 市場予測

第7章 市場内訳：充電タイプ別

• 低速充電
  • 市場動向
  • 市場予測
• 急速充電
  • 市場動向
  • 市場予測

第8章 市場内訳：推進タイプ別

• バッテリー電気自動車（BEV）
  • 市場動向
  • 市場予測
• 燃料電池電気自動車（FCEV）
  • 市場動向
  • 市場予測
• プラグインハイブリッド車（PHEV）
  • 市場動向
  • 市場予測
• ハイブリッド電気自動車（HEV）
  • 市場動向
  • 市場予測

第9章 市場内訳：車両タイプ別

• 乗用車
  • 市場動向
  • 市場予測
• 商用車
  • 市場動向
  • 市場予測
• その他
  • 市場動向
  • 市場予測

第10章 市場内訳：地域別

• アジア太平洋
  • 中国
    • 市場動向
    • 市場予測
  • 日本
    • 市場動向
    • 市場予測
  • インド
    • 市場動向
    • 市場予測
  • 韓国
    • 市場動向
    • 市場予測
  • オーストラリア
    • 市場動向
    • 市場予測
  • インドネシア
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測
• 欧州
  • ノルウェー
    • 市場動向
    • 市場予測
  • オランダ
    • 市場動向
    • 市場予測
  • スウェーデン
    • 市場動向
    • 市場予測
  • 英国
    • 市場動向
    • 市場予測
  • フランス
    • 市場動向
    • 市場予測
  • ドイツ
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測
• 北米
  • 米国
    • 市場動向
    • 市場予測
  • カナダ
    • 市場動向
    • 市場予測
• 中東・アフリカ
  • トルコ
    • 市場動向
    • 市場予測
  • サウジアラビア
    • 市場動向
    • 市場予測
  • イラン
    • 市場動向
    • 市場予測
  • アラブ首長国連邦
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測
• ラテンアメリカ
  • ブラジル
    • 市場動向
    • 市場予測
  • メキシコ
    • 市場動向
    • 市場予測
  • アルゼンチン
    • 市場動向
    • 市場予測
  • コロンビア
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第11章 SWOT分析

• 概要
• 強み
• 弱み
• 機会
• 脅威

第12章 バリューチェーン分析

• 概要
• 原材料／部品サプライヤー
• 製造業者
• 流通業者
• 輸出業者
• エンドユーザー

第13章 ポーターのファイブフォース分析

• 概要
• 買い手の交渉力
• 供給企業の交渉力
• 競合の程度
• 新規参入業者の脅威
• 代替品の脅威

第14章 価格分析

第15章 競合情勢

• 市場構造
• 主要企業
• 主要企業のプロファイル
  • Bayerische Motoren Werke AG
  • BYD Auto
  • Chery
  • Daimler AG
  • Ford Motor Company
  • Geely
  • General Motors
  • Honda Motor Company
  • Hyundai Motor Company
  • Nissan
  • Renault
  • SAIC Motor
  • Tesla Inc.
  • Toyota Motor Corporation
  • Volkswagen

List of Figures

• Figure 1: Global: Electric Vehicle Market: Major Drivers and Challenges
• Figure 2: Global: Electric Vehicle Market: Sales Volume (in Million Units), 2018-2023
• Figure 3: Global: Electric Vehicle Market: Breakup by Component (in %), 2023
• Figure 4: Global: Electric Vehicle Market: Breakup by Charging Type (in %), 2023
• Figure 5: Global: Electric Vehicle Market: Breakup by Propulsion Type (in %), 2023
• Figure 6: Global: Electric Vehicle Market: Breakup by Vehicle Type (in %), 2023
• Figure 7: Global: Electric Vehicle Market: Breakup by Region (in %), 2023
• Figure 8: Global: Electric Vehicle Market Forecast: Sales Volume (in Million Units), 2024-2032
• Figure 9: Global: Electric Vehicle (Battery Cells & Packs) Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 10: Global: Electric Vehicle (Battery Cells & Packs) Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 11: Global: Electric Vehicle (On-Board Charger) Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 12: Global: Electric Vehicle (On-Board Charger) Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 13: Global: Electric Vehicle (Fuel Stack) Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 14: Global: Electric Vehicle (Fuel Stack) Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 15: Global: Electric Vehicle (Slow Charging) Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 16: Global: Electric Vehicle (Slow Charging) Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 17: Global: Electric Vehicle (Fast Charging) Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 18: Global: Electric Vehicle (Fast Charging) Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 19: Global: Electric Vehicle (Battery Electric Vehicle) Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 20: Global: Electric Vehicle (Battery Electric Vehicle) Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 21: Global: Electric Vehicle (Fuel Cell Electric Vehicle) Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 22: Global: Electric Vehicle (Fuel Cell Electric Vehicle) Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 23: Global: Electric Vehicle (Plug-In Hybrid Electric Vehicle) Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 24: Global: Electric Vehicle (Plug-In Hybrid Electric Vehicle) Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 25: Global: Electric Vehicle (Hybrid Electric Vehicle) Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 26: Global: Electric Vehicle (Hybrid Electric Vehicle) Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 27: Global: Electric Vehicle (Passenger Vehicles) Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 28: Global: Electric Vehicle (Passenger Vehicles) Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 29: Global: Electric Vehicle (Commercial Vehicles) Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 30: Global: Electric Vehicle (Commercial Vehicles) Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 31: Global: Electric Vehicle (Other Vehicle Types) Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 32: Global: Electric Vehicle (Other Vehicle Types) Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 33: Asia Pacific: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 34: Asia Pacific: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 35: China: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 36: China: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 37: Japan: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 38: Japan: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 39: India: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 40: India: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 41: South Korea: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 42: South Korea: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 43: Australia: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 44: Australia: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 45: Indonesia: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 46: Indonesia: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 47: Others: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 48: Others: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 49: Europe: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 50: Europe: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 51: Norway: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 52: Norway: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 53: Netherlands: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 54: Netherlands: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 55: Sweden: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 56: Sweden: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 57: United Kingdom: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 58: United Kingdom: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 59: France: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 60: France: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 61: Germany: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 62: Germany: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 63: Others: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 64: Others: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 65: North America: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 66: North America: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 67: United States: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 68: United States: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 69: Canada: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 70: Canada: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 71: Middle East and Africa: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 72: Middle East and Africa: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 73: Turkey: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 74: Turkey: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 75: Saudi Arabia: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 76: Saudi Arabia: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 77: Iran: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 78: Iran: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 79: United Arab Emirates: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 80: United Arab Emirates: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 81: Others: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 82: Others: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 83: Latin America: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 84: Latin America: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 85: Brazil: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 86: Brazil: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 87: Mexico: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 88: Mexico: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 89: Argentina: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 90: Argentina: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 91: Colombia: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 92: Colombia: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 93: Others: Electric Vehicle Market: Sales Volume (in '000 Units), 2018 & 2023
• Figure 94: Others: Electric Vehicle Market Forecast: Sales Volume (in '000 Units), 2024-2032
• Figure 95: Global: Electric Vehicle Industry: SWOT Analysis
• Figure 96: Global: Electric Vehicle Industry: Value Chain Analysis
• Figure 97: Global: Electric Vehicle Industry: Porter's Five Forces Analysis

List of Tables

• Table 1: Global: Electric Vehicle Market: Key Industry Highlights, 2023 & 2032
• Table 2: Global: Electric Vehicle Market Forecast: Breakup by Component (in '000 Units), 2024-2032
• Table 3: Global: Electric Vehicle Market Forecast: Breakup by Charging Type (in '000 Units), 2024-2032
• Table 4: Global: Electric Vehicle Market Forecast: Breakup by Propulsion Type (in '000 Units), 2024-2032
• Table 5: Global: Electric Vehicle Market Forecast: Breakup by Vehicle Type (in '000 Units), 2024-2032
• Table 6: Global: Electric Vehicle Market Forecast: Breakup by Region (in '000 Units), 2024-2032
• Table 7: Global: Electric Vehicle Market: Competitive Structure
• Table 8: Global: Electric Vehicle Market: Key Players

Abstract

The global electric vehicle market size reached 25.6 Million Units in 2023. Looking forward, IMARC Group expects the market to reach 381.3 Million Units by 2032, exhibiting a growth rate (CAGR) of 34% during 2024-2032. The increasing concerns over environmental sustainability, the need to reduce emissions, advancements in battery technology, supportive government policies and incentives, growing public awareness, and investments in renewable energy sources are few of the factors accelerating the market growth.

Electric vehicles (EVs) are revolutionary automobiles designed to transport goods and passengers with self-propelling capabilities. They encompass plug-in hybrid electric vehicles (PHEVs), battery electric vehicles (BEVs), and hybrid electric vehicles (HEVs) as standard types. EVs operate on stored energy from batteries, which can be conveniently charged using self-charging mechanisms like turbochargers and regenerative braking systems, converting kinetic energy into electrical power. A significant advantage of EVs is their zero tailpipe emissions, contributing to a cleaner environment and reduced reliance on conventional fossil fuels. Furthermore, their operational cost-effectiveness compared to traditional automobiles makes them an increasingly attractive choice for consumers worldwide, driving their widespread adoption and fostering a sustainable future for transportation.

The increasing concern about environmental sustainability and the need to reduce greenhouse gas emissions are pushing governments and consumers to embrace electric vehicles as a cleaner alternative to traditional internal combustion engine vehicles, which is one of the key factors boosting the market growth. Moreover, advancements in battery technology and the subsequent improvement in electric vehicle range and charging infrastructure are bolstering the market growth. In line with this, governments across the world are implementing supportive policies and incentives, such as tax credits, subsidies, and regulatory mandates, to encourage the adoption of electric vehicles, which, in turn, is supporting the market growth. Additionally, the automotive industry's focus on research and development (R&D) to enhance EV performance, safety, and affordability is propelling market expansion.

Electric Vehicles Market Trends/Drivers:

Environmental sustainability and emission reduction

The global electric vehicles market is being driven by a pressing concern for environmental sustainability and the urgent need to mitigate climate change. As conventional fossil fuel-powered vehicles contribute significantly to greenhouse gas emissions and air pollution, governments, environmental organizations, and individuals are increasingly advocating for cleaner transportation alternatives. Electric vehicles offer a promising solution, as they produce zero tailpipe emissions, reducing harmful pollutants and their impact on air quality. The rising awareness of the environmental consequences of traditional vehicles has sparked a growing demand for EVs as a cleaner and more sustainable mode of transportation.

Advancements in battery technology and improved range

The progress in battery technology is a pivotal driver of the global electric vehicle market. One of the primary concerns with EVs has been limited driving range and the availability of charging infrastructure. However, significant strides in battery research and development have led to improved energy storage capacity and efficiency. Modern lithium-ion batteries, coupled with innovative battery management systems, have extended the driving range of electric vehicles. These advancements have bolstered consumer confidence in EVs as practical daily-use vehicles, making them a viable option for a broader audience. As battery technology continues to evolve, it is expected to further enhance the performance and affordability of electric vehicles, thereby fueling the market growth.

Supportive government policies and incentives

Government support through favorable policies and incentives has been instrumental in driving the adoption of electric vehicles worldwide. Many governments have introduced a range of incentives, such as tax credits, subsidies, reduced registration fees, and access to carpool lanes, to encourage consumers to switch to electric vehicles. Additionally, several regions have imposed strict emissions regulations and set ambitious targets for the adoption of EVs, compelling automakers to invest heavily in electric vehicle production. Governments are also collaborating with private stakeholders to develop and expand charging infrastructure, further incentivizing consumers to embrace electric mobility. These supportive measures have created a conducive environment for the growth of the electric vehicle market, stimulating both manufacturers and consumers to transition to greener transportation alternatives.

Electric Vehicles Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global electric vehicles market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on component, charging type, propulsion type and vehicle type.

Breakup by Component:

Battery Cells & Packs

On-Board Charger

Fuel Stack

The report has provided a detailed breakup and analysis of the market based on the component. This includes battery cells and packs, onboard chargers, and fuel stacks.

The key drivers for the battery cells & packs segment in the electric vehicles market include advancements in battery technology, leading to improved energy density and range, and increased investments in research and development. Additionally, supportive government policies and growing demand for electric vehicles are stimulating the demand for efficient battery solutions. The on-board charger segment is driven by the expanding electric vehicle infrastructure, with governments and private companies investing in charging networks. Moreover, technological innovations are enhancing charging efficiency and reducing charging times, while automakers' focus on seamless integration of chargers in EVs is boosting the segment's growth. The fuel stack segment is primarily driven by the development of hydrogen fuel cell technology and its potential as a clean energy source for electric vehicles. Investments in fuel cell research and government initiatives promoting fuel cell vehicles are key factors propelling the growth of this segment in the electric vehicles market.

Breakup by Charging Type:

Slow Charging

Fast Charging

Slow charging holds the largest share in the market

A detailed breakup and analysis of the market based on the charging type has also been provided in the report. This includes slow charging and fast charging. According to the report, slow charging represented the largest segment.

The slow charging segment in the global electric vehicles market is driven by various factors. Slow charging systems are typically more cost-effective and easier to install, making them attractive for home users and small-scale charging stations. The lower power demand reduces strain on the existing electrical grid, facilitating integration without significant infrastructure upgrades. Additionally, slow charging is generally considered to be gentler on EV batteries, potentially extending their lifespan and efficiency. This type of charging can be more suitable for overnight charging or when vehicles are parked for extended periods, such as at workplaces or residential areas. Public policies and incentives that encourage energy conservation may also promote the use of slow charging. Overall, factors like affordability, ease of installation, compatibility with existing infrastructure, battery health considerations, and alignment with energy conservation goals collectively contribute to driving the slow charging segment in the global EV market.

Breakup by Propulsion Type:

Battery Electric Vehicle (BEV)

Fuel Cell Electric Vehicle (FCEV)

Plug-In Hybrid Electric Vehicle (PHEV)

Hybrid Electric Vehicle (HEV)

Hybrid electric vehicle (HEV) dominates the market

The report has provided a detailed breakup and analysis of the market based on the propulsion type. This includes battery electric vehicle (BEV), fuel cell electric vehicle (FCEV), plug-in hybrid electric vehicle (PHEV), and hybrid electric vehicle (HEV). According to the report, hybrid electric vehicle (HEV) represented the largest segment.

The hybrid electric vehicles (HEVs) segment is witnessing significant growth, driven by the stringent emissions regulations and environmental concerns. HEVs offer a bridge between traditional internal combustion engines and fully electric vehicles, providing lower emissions and improved fuel efficiency, making them an attractive choice for environmentally conscious consumers. Additionally, advancements in hybrid technology have resulted in more sophisticated and efficient powertrain systems, enhancing the overall performance and driving experience of HEVs. Furthermore, rising fuel prices have motivated consumers to seek fuel-efficient alternatives, and HEVs fit the bill by combining an internal combustion engine with electric propulsion. In line with this, governments worldwide are offering incentives and subsidies to promote HEV adoption, further stimulating the market growth. Moreover, the growing awareness of sustainable mobility solutions and the increasing demand for green transportation options contribute to the expansion of the HEV segment.

Breakup by Vehicle Type:

Passenger Vehicles

Commercial Vehicles

Others

Passenger vehicles hold the largest share in the market

A detailed breakup and analysis of the market based on the vehicle type has also been provided in the report. This includes passenger vehicles, commercial vehicles, and others. According to the report, passenger vehicles represented the largest segment.

The passenger vehicles segment is witnessing significant growth, primarily driven by the evolving consumer preferences and lifestyle changes. Moreover, rapid urbanization and increasing disposable incomes in emerging economies are fueling the desire for personal mobility, leading to higher car ownership rates. In line with this, technological advancements in the automotive industry, such as autonomous driving capabilities, connected car features, and electric mobility solutions, are attracting consumers and driving innovation in passenger vehicles. Additionally, stringent emission regulations and sustainability concerns are encouraging automakers to invest in electric and hybrid passenger cars, contributing to market expansion. Furthermore, favorable financing options and low-interest rates are making car ownership more accessible to a broader population. Besides this, the growing popularity of ride-sharing and car-sharing services is transforming the way consumers perceive car ownership, influencing their decisions in the passenger vehicles segment.

Breakup by Region:

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Norway

Netherlands

Sweden

United Kingdom

France

Germany

Others

North America

United States

Canada

Middle East and Africa

Turkey

Saudi Arabia

Iran

United Arab Emirates

Others

Latin America

Brazil

Mexico

Argentina

Colombia

Others

Asia Pacific exhibits a clear dominance, accounting for the largest electric vehicles market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Norway, Netherlands, Sweden, the United Kingdom, France, Germany, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, Argentina, Colombia, and others); and the Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates, and others). According to the report, Asia Pacific accounted for the largest market share.

The Asia Pacific region is witnessing a surge in electric vehicle adoption, fueled by the region's strong commitment to environmental sustainability and reducing air pollution, which has led governments to implement stringent emissions regulations and ambitious targets for electric vehicle penetration. In line with this, rapid urbanization and population growth in many Asian countries have heightened concerns over congestion and air quality, prompting a shift towards electric mobility as a viable solution. Besides this, advancements in battery technology, coupled with increasing investments in research and development, have bolstered the performance and affordability of electric vehicles, making them a more attractive option for consumers. Moreover, supportive government policies and incentives, including tax incentives, subsidies, and infrastructure development, are accelerating EV adoption across the region. Additionally, a burgeoning middle class with increasing disposable income is driving demand for personal transportation, and electric vehicles offer an environmentally friendly choice. Furthermore, strategic partnerships and collaborations between automakers, technology firms, and governments are facilitating the growth of charging infrastructure, addressing range anxiety concerns and promoting electric vehicle accessibility.

Competitive Landscape:

The competitive landscape of the global electric vehicles market is characterized by intense rivalry and dynamic players vying for market share. Established automotive giants, emerging startups, and technology companies are all entering the market, each striving to position themselves as leaders in the electric vehicle space. In this highly competitive environment, factors such as product innovation, range, performance, charging infrastructure, and pricing play pivotal roles in determining a company's competitiveness. Additionally, partnerships and collaborations are becoming increasingly prevalent as players seek to leverage each other's strengths and accelerate market penetration. Governments' policies and regulatory frameworks also impact the competitive landscape, as supportive measures and incentives can influence consumer preferences and industry growth. Moreover, advancements in battery technology and autonomous driving capabilities are further driving competition, as companies seek to offer cutting-edge solutions to meet evolving consumer demands. The competitive landscape is continuously evolving, with new entrants and disruptive technologies reshaping the market, creating both challenges and opportunities for industry players seeking to establish themselves as frontrunners in the electric vehicles domain.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Bayerische Motoren Werke AG

BYD Auto

Chery

Daimler AG

Ford Motor Company

Geely

General Motors

Honda Motor Company

Hyundai Motor Company

Nissan

Renault

SAIC Motor

Tesla Inc.

Toyota Motor Corporation

Volkswagen

Recent Developments:

In May 2023, Honda revealed its second fully electric vehicle, the e:Ny1, at its European Media Event in Germany.

In 2023, General Motors Open and EVgo launched a 1,000th DC fast charging stall as part of metropolitan charging collaboration.

In 2021, BMW announced the concept of BMW i Vision Circular, which is a compact BMW for the year 2040 that is focused squarely on sustainability and luxury. The four-seater vehicle is fully electrically powered and has been designed according to circular economy principles.

Key Questions Answered in This Report

• 1. What was the size of the global electric vehicles market in 2023?
• 2. What is the expected growth rate of the global electric vehicles market during 2024-2032?
• 3. What are the key factors driving the global electric vehicles market?
• 4. What has been the impact of COVID-19 on the global electric vehicles market?
• 5. What is the breakup of the global electric vehicles market based on the component?
• 6. What is the breakup of the global electric vehicles market based on the charging type?
• 7. What is the breakup of the global electric vehicles market based on the propulsion type?
• 8. What is the breakup of the global electric vehicles market based on the vehicle type?
• 9. What are the key regions in the global electric vehicles market?
• 10. Who are the key players/companies in the global electric vehicles market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Electric Vehicle Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Component

• 6.1 Battery Cells & Packs
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 On-Board Charger
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Fuel Stack
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast

7 Market Breakup by Charging Type

• 7.1 Slow Charging
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Fast Charging
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast

8 Market Breakup by Propulsion Type

• 8.1 Battery Electric Vehicle (BEV)
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Fuel Cell Electric Vehicle (FCEV)
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Plug-In Hybrid Electric Vehicle (PHEV)
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Hybrid Electric Vehicle (HEV)
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast

9 Market Breakup by Vehicle Type

• 9.1 Passenger Vehicles
  • 9.1.1 Market Trends
  • 9.1.2 Market Forecast
• 9.2 Commercial Vehicles
  • 9.2.1 Market Trends
  • 9.2.2 Market Forecast
• 9.3 Others
  • 9.3.1 Market Trends
  • 9.3.2 Market Forecast

10 Market Breakup by Region

• 10.1 Asia Pacific
  • 10.1.1 China
    • 10.1.1.1 Market Trends
    • 10.1.1.2 Market Forecast
  • 10.1.2 Japan
    • 10.1.2.1 Market Trends
    • 10.1.2.2 Market Forecast
  • 10.1.3 India
    • 10.1.3.1 Market Trends
    • 10.1.3.2 Market Forecast
  • 10.1.4 South Korea
    • 10.1.4.1 Market Trends
    • 10.1.4.2 Market Forecast
  • 10.1.5 Australia
    • 10.1.5.1 Market Trends
    • 10.1.5.2 Market Forecast
  • 10.1.6 Indonesia
    • 10.1.6.1 Market Trends
    • 10.1.6.2 Market Forecast
  • 10.1.7 Others
    • 10.1.7.1 Market Trends
    • 10.1.7.2 Market Forecast
• 10.2 Europe
  • 10.2.1 Norway
    • 10.2.1.1 Market Trends
    • 10.2.1.2 Market Forecast
  • 10.2.2 Netherlands
    • 10.2.2.1 Market Trends
    • 10.2.2.2 Market Forecast
  • 10.2.3 Sweden
    • 10.2.3.1 Market Trends
    • 10.2.3.2 Market Forecast
  • 10.2.4 United Kingdom
    • 10.2.4.1 Market Trends
    • 10.2.4.2 Market Forecast
  • 10.2.5 France
    • 10.2.5.1 Market Trends
    • 10.2.5.2 Market Forecast
  • 10.2.6 Germany
    • 10.2.6.1 Market Trends
    • 10.2.6.2 Market Forecast
  • 10.2.7 Others
    • 10.2.7.1 Market Trends
    • 10.2.7.2 Market Forecast
• 10.3 North America
  • 10.3.1 United States
    • 10.3.1.1 Market Trends
    • 10.3.1.2 Market Forecast
  • 10.3.2 Canada
    • 10.3.2.1 Market Trends
    • 10.3.2.2 Market Forecast
• 10.4 Middle East and Africa
  • 10.4.1 Turkey
    • 10.4.1.1 Market Trends
    • 10.4.1.2 Market Forecast
  • 10.4.2 Saudi Arabia
    • 10.4.2.1 Market Trends
    • 10.4.2.2 Market Forecast
  • 10.4.3 Iran
    • 10.4.3.1 Market Trends
    • 10.4.3.2 Market Forecast
  • 10.4.4 United Arab Emirates
    • 10.4.4.1 Market Trends
    • 10.4.4.2 Market Forecast
  • 10.4.5 Others
    • 10.4.5.1 Market Trends
    • 10.4.5.2 Market Forecast
• 10.5 Latin America
  • 10.5.1 Brazil
    • 10.5.1.1 Market Trends
    • 10.5.1.2 Market Forecast
  • 10.5.2 Mexico
    • 10.5.2.1 Market Trends
    • 10.5.2.2 Market Forecast
  • 10.5.3 Argentina
    • 10.5.3.1 Market Trends
    • 10.5.3.2 Market Forecast
  • 10.5.4 Colombia
    • 10.5.4.1 Market Trends
    • 10.5.4.2 Market Forecast
  • 10.5.5 Others
    • 10.5.5.1 Market Trends
    • 10.5.5.2 Market Forecast

11 SWOT Analysis

• 11.1 Overview
• 11.2 Strengths
• 11.3 Weaknesses
• 11.4 Opportunities
• 11.5 Threats

12 Value Chain Analysis

• 12.1 Overview
• 12.2 Raw Materials/Components Suppliers
• 12.3 Manufacturers
• 12.4 Distributors
• 12.5 Exporters
• 12.6 End-Users

13 Porters Five Forces Analysis

• 13.1 Overview
• 13.2 Bargaining Power of Buyers
• 13.3 Bargaining Power of Suppliers
• 13.4 Degree of Competition
• 13.5 Threat of New Entrants
• 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

• 15.1 Market Structure
• 15.2 Key Players
• 15.3 Profiles of Key Players
  • 15.3.1 Bayerische Motoren Werke AG
    • 15.3.1.1 Company Overview
    • 15.3.1.2 Product Portfolio
    • 15.3.1.3 Financials
    • 15.3.1.4 SWOT Analysis
  • 15.3.2 BYD Auto
    • 15.3.2.1 Company Overview
    • 15.3.2.2 Product Portfolio
  • 15.3.3 Chery
    • 15.3.3.1 Company Overview
    • 15.3.3.2 Product Portfolio
  • 15.3.4 Daimler AG
    • 15.3.4.1 Company Overview
    • 15.3.4.2 Product Portfolio
    • 15.3.4.3 Financials
    • 15.3.4.4 SWOT Analysis
  • 15.3.5 Ford Motor Company
    • 15.3.5.1 Company Overview
    • 15.3.5.2 Product Portfolio
    • 15.3.5.3 Financials
    • 15.3.5.4 SWOT Analysis
  • 15.3.6 Geely
    • 15.3.6.1 Company Overview
    • 15.3.6.2 Product Portfolio
    • 15.3.6.3 Financials
  • 15.3.7 General Motors
    • 15.3.7.1 Company Overview
    • 15.3.7.2 Product Portfolio
    • 15.3.7.3 Financials
    • 15.3.7.4 SWOT Analysis
  • 15.3.8 Honda Motor Company
    • 15.3.8.1 Company Overview
    • 15.3.8.2 Product Portfolio
  • 15.3.9 Hyundai Motor Company
    • 15.3.9.1 Company Overview
    • 15.3.9.2 Product Portfolio
    • 15.3.9.3 Financials
    • 15.3.9.4 SWOT Analysis
  • 15.3.10 Nissan
    • 15.3.10.1 Company Overview
    • 15.3.10.2 Product Portfolio
    • 15.3.10.3 Financials
    • 15.3.10.4 SWOT Analysis
  • 15.3.11 Renault
    • 15.3.11.1 Company Overview
    • 15.3.11.2 Product Portfolio
    • 15.3.11.3 Financials
    • 15.3.11.4 SWOT Analysis
  • 15.3.12 SAIC Motor
    • 15.3.12.1 Company Overview
    • 15.3.12.2 Product Portfolio
  • 15.3.13 Tesla Inc.
    • 15.3.13.1 Company Overview
    • 15.3.13.2 Product Portfolio
    • 15.3.13.3 Financials
    • 15.3.13.4 SWOT Analysis
  • 15.3.14 Toyota Motor Corporation
    • 15.3.14.1 Company Overview
    • 15.3.14.2 Product Portfolio
    • 15.3.14.3 Financials
    • 15.3.14.4 SWOT Analysis
  • 15.3.15 Volkswagen
    • 15.3.15.1 Company Overview
    • 15.3.15.2 Product Portfolio
    • 15.3.15.3 Financials
    • 15.3.15.4 SWOT Analysis