Electric Vehicle Market Future Prospective and Rapid Technological Advancements

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Electric Vehicle

The worldwide electric vehicle market value is foreseen to touch US$ 568.2 billion by 2026 and the market is expected to project a CAGR of 25.6% from forecast period 2019 to 2026.

Electric vehicle also knows as electric motor or EV, is a vehicle that uses electric motor for propulsion. Some of the common electric vehicles are electric car, electric truck, electric train, electric airplanes, electric lorries, electric boats, electric airplanes, and other. In electric vehicle, electric energy is used as a transportation fuel to power electric vehicles. Electric vehicles are very different from fossil fuel powered vehicles, wherein, they receive their power from a wide range of sources, including fossil fuels, nuclear power, and renewable sources such as tidal power, solar power, and wind power or any combination of those.

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During last few years, introduction of electric vehicles have changed the scenario of the automotive industry. Continuously increasing demand for fuel efficient vehicles and continuously increasing concern toward greenhouse gases has increased the demand for electric vehicles across the globe. These factors have driven the demand for the growth of the electric vehicles market. Many companies such as Tesla and other are continuously focusing on the development of the new and advanced technology which can be incorporated in the vehicles. High cost of the vehicles and limited penetration may slow the growth of the market.

Based on Type, the global electric vehicle market is segmented into battery electric vehicle, hybrid electric vehicle, and plug-in hybrid electric vehicle. Hybrid electric vehicle is the largest segment for electric vehicle by type which is most likely to be the largest one of by the end of forecast period. One of the major advantages associated with hybrid electric vehicle is combining conventional internal combustion engine system with an electric propulsion system. Moreover, the presence of electric power train is directed to achieve better fuel efficiency than a conventional vehicle. This has led hybrid vehicle to attain highest market share over other segments, on the spit side, battery electric vehicle segment expected to progress in terms of market share and exhibit largest market share by the end of assessment period. Based on application, the global Electric Vehicle market is segregated into two-wheeler, passenger cars, and commercial cars. Passenger car segment emerged as the global leader in electric vehicle market due to growing in adoption of electric passenger cars as compared to two wheelers and commercial vehicles. Over the next five years, commercial vehicle expected to grow at highest CAGR benefits associate with electric motor engines as compared internal combustion one.

Geographically, the Electric Vehicle market has been segmented into North America, Europe, Asia Pacific, and Latin America and the Middle East & Africa (LAMEA).

North America dominates the global Electric Vehicle market owing to the adoption of the advanced technology, presence of major players and high spending power of the people. U.S. holds the major share in the global market. High spending power, innovative technology and presence of the major players will support the growth of the market. Europe holds the second leading position in the market followed by Asia Pacific. Germany, France and U.K. are the major shareholders in the market. Asia Pacific is expected to have a huge opportunity in the market. Presence of the developing economy, rapid development in the technology, development in the infrastructure and increasing spending power of the people have driven the growth of the electric vehicle market.

LAMEA holds the least share in the market. Middle East holds the major share in the market whereas, African region holds the developing market.

Some of the major players in the market are Tesla, BMW Group, Nissan Motor Corporation, Toyota Motor Corporation, Volkswagen AG, General Motors, Daimler AG, Energica Motor Company S.P.A., BYD Company Motors, and Ford Motor Company.

The market research study on “Electric Vehicle market – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026” offers a detailed outlook, strategic recommendations, and insightful viewpoints on the global Electric Vehicle market. The report also analyzes the key players operating in Electric Vehicle market and identifies the key strategies deployed by them along with the market share of leading players.

The global Electric Vehicle market is segmented as below:

Market by Type

  • Battery Electric Vehicle
  • Hybrid Electric Vehicle
  • Plug-in Hybrid Electric Vehicle

Market by Type of Application

  • Two-Wheeler
  • Passenger Cars
  • Commercial Cars

Market by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Sweden
    • Norway
    • Denmark
    • Netherlands
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • Singapore
    • India
    • Rest of Asia-Pacific
  • Rest of the World
    • UAE
    • Qatar
    • Saudi Arabia
    • South Africa
    • Rest of the World

Global Electric Vehicle Charging Stations market is segmented into Type, Application, and region.

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TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Electric Vehicle
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Electric Vehicle Market By Type
1.2.2.1. Global Electric Vehicle Market Revenue and Growth Rate Comparison By Type (2015-2026)
1.2.2.2. Global Electric Vehicle Market Revenue Share By Type in 2017
1.2.2.3. Battery Electric Vehicle
1.2.2.4. Hybrid Electric Vehicle
1.2.2.5. Plug-in Hybrid Electric Vehicle
1.2.3. Electric Vehicle Market By Type of Application
1.2.3.1. Global Electric Vehicle Market Revenue and Growth Rate Comparison By Type of Application (2015-2026)
1.2.3.2. Global Electric Vehicle Market Revenue Share By Type of Application in 2017
1.2.3.3. Two-Wheeler
1.2.3.4. Passenger Cars
1.2.3.5. Commercial Cars
1.2.4. Electric Vehicle Market by Geography
1.2.4.1. Global Electric Vehicle Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.4.2. North America Electric Vehicle Market Revenue and Growth Rate (2015-2026)
1.2.4.3. Europe Electric Vehicle Market Revenue and Growth Rate (2015-2026)
1.2.4.4. Asia-Pacific Electric Vehicle Market Revenue and Growth Rate (2015-2026)
1.2.4.5. Latin America Electric Vehicle Market Revenue and Growth Rate (2015-2026)
1.2.4.6. Middle East and Africa (MEA) Electric Vehicle Market Revenue and Growth Rate (2015-2026)

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2017
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Electric Vehicle Major Manufacturers in 2017
3.2. Manufacturing Plants Distribution of Global Electric Vehicle Major Manufacturers in 2017
3.3. R&D Status and Technology Source of Global Electric Vehicle Major Manufacturers in 2017
3.4. Raw Materials Sources Analysis of Global Electric Vehicle Major Manufacturers in 2017

CHAPTER 4. ELECTRIC VEHICLE MARKET BY TYPE
4.1. Global Electric Vehicle Revenue By Type
4.2. Battery Electric Vehicle
4.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.3. Hybrid Electric Vehicle
4.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.4. Plug-in Hybrid Electric Vehicle
4.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 5. ELECTRIC VEHICLE MARKET BY TYPE OF APPLICATION
5.1. Global Electric Vehicle Revenue By Type of Application
5.2. Two-Wheeler
5.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.3. Passenger Cars
5.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.4. Commercial Cars
5.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 6. NORTH AMERICA ELECTRIC VEHICLE MARKET BY COUNTRY
6.1. North America Electric Vehicle Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.2. North America Electric Vehicle Market Revenue Share Comparison, 2015 & 2026 (%)
6.3. U.S.
6.3.1. U.S. Electric Vehicle Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
6.3.2. Market Revenue and Forecast By Type of Application, 2015 – 2026 ($Million)
6.4. Canada
6.4.1. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
6.4.2. Market Revenue and Forecast By Type of Application, 2015 – 2026 ($Million)

CHAPTER 7. EUROPE ELECTRIC VEHICLE MARKET BY COUNTRY
7.1. Europe Electric Vehicle Market Revenue and Growth Rate, 2015 – 2026 ($Million)
7.2. Europe Electric Vehicle Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. UK
7.3.1. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
7.3.2. Market Revenue and Forecast By Type of Application, 2015 – 2026 ($Million)
7.4. Germany
7.4.1. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
7.4.2. Market Revenue and Forecast By Type of Application, 2015 – 2026 ($Million)
7.5. France
7.5.1. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
7.5.2. Market Revenue and Forecast By Type of Application, 2015 – 2026 ($Million)
7.6. Spain
7.6.1. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
7.6.2. Market Revenue and Forecast By Type of Application, 2015 – 2026 ($Million)
7.7. Rest of Europe
7.7.1. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
7.7.2. Market Revenue and Forecast By Type of Application, 2015 – 2026 ($Million)

CHAPTER 8. ASIA-PACIFIC ELECTRIC VEHICLE MARKET BY COUNTRY
8.1. Asia-Pacific Electric Vehicle Market Revenue and Growth Rate, 2015 – 2026 ($Million)
8.2. Asia-Pacific Electric Vehicle Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. China
8.3.1. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
8.3.2. Market Revenue and Forecast By Type of Application, 2015 – 2026 ($Million)
8.4. Japan
8.4.1. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
8.4.2. Market Revenue and Forecast By Type of Application, 2015 – 2026 ($Million)
8.5. India
8.5.1. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
8.5.2. Market Revenue and Forecast By Type of Application, 2015 – 2026 ($Million)
8.6. Australia
8.6.1. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
8.6.2. Market Revenue and Forecast By Type of Application, 2015 – 2026 ($Million)
8.7. South Korea
8.7.1. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
8.7.2. Market Revenue and Forecast By Type of Application, 2015 – 2026 ($Million)
8.8. Rest of Asia-Pacific
8.8.1. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
8.8.2. Market Revenue and Forecast By Type of Application, 2015 – 2026 ($Million)

CHAPTER 9. LATIN AMERICA ELECTRIC VEHICLE MARKET BY COUNTRY
9.1. Latin America Electric Vehicle Market Revenue and Growth Rate, 2015 – 2026 ($Million)
9.2. Latin America Electric Vehicle Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. Brazil
9.3.1. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
9.3.2. Market Revenue and Forecast By Type of Application, 2015 – 2026 ($Million)
9.4. Mexico
9.4.1. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
9.4.2. Market Revenue and Forecast By Type of Application, 2015 – 2026 ($Million)
9.5. Rest of Latin America
9.5.1. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
9.5.2. Market Revenue and Forecast By Type of Application, 2015 – 2026 ($Million)

CHAPTER 10. MIDDLE EAST ELECTRIC VEHICLE MARKET BY COUNTRY
10.1. Middle East Electric Vehicle Market Revenue and Growth Rate, 2015 – 2026 ($Million)
10.2. Middle East Electric Vehicle Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Saudi Arabia
10.3.1. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
10.3.2. Market Revenue and Forecast By Type of Application, 2015 – 2026 ($Million)
10.4. UAE
10.4.1. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
10.4.2. Market Revenue and Forecast By Type of Application, 2015 – 2026 ($Million)
10.5. Rest of Middle East
10.5.1. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
10.5.2. Market Revenue and Forecast By Type of Application, 2015 – 2026 ($Million)

CHAPTER 11. AFRICA ELECTRIC VEHICLE MARKET BY COUNTRY
11.1. Africa Electric Vehicle Market Revenue and Growth Rate, 2015 – 2026 ($Million)
11.2. Africa Electric Vehicle Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. South Africa
11.3.1. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
11.3.2. Market Revenue and Forecast By Type of Application, 2015 – 2026 ($Million)
11.4. Egypt
11.4.1. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
11.4.2. Market Revenue and Forecast By Type of Application, 2015 – 2026 ($Million)
11.5. Rest of Africa
11.5.1. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
11.5.2. Market Revenue and Forecast By Type of Application, 2015 – 2026 ($Million)

CHAPTER 12. COMPANY PROFILE
12.1. Tesla
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Product Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. BMW Group
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Product Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Nissan Motor Corporation
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Product Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. Toyota Motor Corporation
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Product Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. Volkswagen AG
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Product Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. General Motors
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Product Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. Daimler AG
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Product Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. Energica Motor Company S.P.A.
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Product Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. BYD Company Motors
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Product Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. Ford Motor Company.
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Product Portfolio
12.10.5. Key Developments
12.10.6. Strategies
12.11. Others
12.11.1. Company Snapshot
12.11.2. Overview
12.11.3. Financial Overview
12.11.4. Product Portfolio
12.11.5. Key Developments
12.11.6. Strategies

CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope

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