Dublin, Aug. 09, 2024 (GLOBE NEWSWIRE) — The “Electric Vehicles and Fuel Cell Vehicles Market 2024-2029” report has been added to ResearchAndMarkets.com’s offering.
The Electric Vehicles and Fuel Cell Vehicles Market was valued at USD 758 Billion in 2024 and is expected to reach USD 1.77 Trillion by 2029, rising at a CAGR of 18.6%.
Although e-scooters have the largest share in unit sales in the overall EV market, the passenger EV segment holds the highest share in revenue among all the EV segments. The EV market’s significant growth in revenue will come from the increasing number of passenger vehicles due to the increasing unit sales and higher unit sale costs.
By region, Asia-Pacific leads the global electric vehicles market. China leads the Asia-Pacific region and the world market in unit sales of electric cars/passenger cars. Europe and North America follow Asia- Pacific in terms of passenger car unit sales. China also leads the world in e-scooter unit sales and revenue.
A rising number of nations have promised to eliminate internal combustion engines or have aggressive car electrification goals for the coming decades. Meanwhile, many automakers have plans to electrify fleets that exceed legislative goals. In 2021, there were five times as many new EV models as in 2015, increasing their appeal to consumers.
Access to public charging will need to extend as EV markets grow. Most EV charging now occurs at people’s homes and offices. Consumers will increasingly demand EVs provide the same services, simplicity, and autonomy as conventional automobiles.
The Report Includes
- 84 data tables and 52 additional tables
- Industry analysis of the global markets for electric vehicles (EVs) and fuel cell battery vehicles (FCEVs)
- Analyses of global market trends, with market revenue data from 2023, estimates for 2024, forecasts for 2025 and 2028, and projected CAGRs through 2029
- Estimates of the current market size in value and volumetric terms and revenue prospects, along with a market share analysis based on vehicle type, propulsion type, power source, and region
- Facts and figures pertaining to the market dynamics, current and emerging technologies, regulatory scenarios, and the expected impact of macroeconomic factors
- Assessment of unit sales and shipments of EVs, and a review of their power sources
- Insights into the market based on Porter’s Five Forces model and a value chain analysis
- Overview of ESG and sustainability trends, with a focus on consumer attitudes, companies’ ESG score rankings and their ESG practices
- Analysis of patents related to EVs’ power sources and components
- Insight into the industry structure, including company revenue share analysis, mergers and acquisitions, and venture funding
- Company profiles of leading players, including BYD Co. Ltd., Tesla Inc., Hyundai Motor Co., Volkswagen Group, and Zhejiang Geely Holding Group Co. Ltd.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 171 |
| Forecast Period | 2024 – 2029 |
| Estimated Market Value (USD) in 2024 | $0.76 Trillion |
| Forecasted Market Value (USD) by 2029 | $1.77 Trillion |
| Compound Annual Growth Rate | 18.6% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1 Executive Summary
Chapter 2 Market Overview
- Current Market Overview and Future Scenario
- Supply Chain Analysis of Electric Vehicles
- Raw Materials Mining
- Battery Cell Manufacturing and Battery Pack Assembling
- EV Components Assembling
- EV Manufacturing
- EV Service
- Battery Recycling and Disposal
- Supply Chain Analysis of Fuel Cell Electric Vehicles
- Raw Material Extraction and Processing
- Component Manufacturing
- System Integration
- Assembly and Testing
- Distribution and Retail
- Aftermarket Services
- Porter’s Five Forces Analysis for Electric Vehicles
- Porter’s Five Forces Analysis for Fuel Cell Electric Vehicles
- Impact of the Russia-Ukraine War on the Global Market
Chapter 3 Market Dynamics
- Market Drivers
- Increasing Sales of Electric Cars Globally
- Decreasing Battery Costs are Supporting EV Adoption Globally
- Rising Petroleum Prices Drive the Shift of Consumers Toward EVs
- Market Restraints
- Inadequate Electric Vehicle Charging Infrastructure in Developing Countries
- High Initial Costs for Constructing EV Fast Charging Infrastructure
- High Production Cost of FCEV Can Hamper the Market Growth
- Market Opportunities
- Government Support for Public Transportation Electrification
- Government Initiatives Promoting Hydrogen Infrastructure
- Case Studies
- Regulatory Framework and Initiatives
- Germany
- U.S.
- Canada
- India
- China
Chapter 4 Emerging Technologies and Developments
- Key Emerging Technologies for Electric Vehicles and Fuel Cell Vehicles
- Autonomous Charging
- Three-Dimensional EV Printing
- V2G EV Charging Stations
- Emerging Role of AI and IoT Solutions in EV Deployment
- Patent Analysis
- Overview
- Key Patents Published
- Key Findings
Chapter 5 Market Segmentation Analysis
- Global EV and FCEV Market, by Propulsion Type
- Global EV and FCEV Market, by Vehicle Type
- Passenger Car
- Two-Wheeler
- Trucks and Vans
- Buses
- Three-Wheeler
- Global EV and FCEV Market, by Power Source
- Lithium-ion
- Lead-acid
- Nickel Metal Hydride
- Fuel Cell
- Global EV and FCEV Market, by Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Chapter 6 Competitive Intelligence
- Market Share Analysis
- Key Developments
Chapter 7 Sustainability in the Electric Vehicle and Fuel Cell Vehicle Market: An ESG Perspective
- Environmental Impact
- Social Impact
- Governance Impact
- Current Status of ESG in the Global Electric Vehicle and Fuel Cell Vehicle Market
- Consumer Attitudes Towards ESG in the Global Electric Vehicle and Fuel Cell Vehicle Market
- Concluding Remarks
Company Profiles
- BMW AG
- BYD Co. Ltd.
- Chongqing Changan Automobile Co. Ltd.
- GAC International Co. Ltd.
- General Motors
- Great Wall Motor
- Hyundai Motor Co.
- Li Auto Inc.
- Mercedes-Benz Group Ag
- Saic Motor Corp. Ltd.
- Stellantis N.V.
- Tesla
- Toyota Motor Corp.
- Volkswagen Group
- Volvo Car Corp.
- Zhejiang Geely Holding Group
For more information about this report visit https://www.researchandmarkets.com/r/udgjo5
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- Global Electric Vehicles and Fuel Cell Vehicles Market
