Dublin, Aug. 23, 2024 (GLOBE NEWSWIRE) — The “Electric Vehicles – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Electric Vehicles is estimated at 9.6 Million Units in 2023 and is projected to reach 32.8 Million Units by 2030, growing at a CAGR of 19.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the electric vehicle market is driven by several factors. Firstly, increasing environmental concerns and the need to reduce greenhouse gas emissions are pushing consumers and governments to adopt cleaner transportation solutions. Secondly, advancements in battery technology are reducing costs and increasing the efficiency and range of EVs, making them more competitive with traditional vehicles.
Thirdly, the expansion of charging infrastructure, both public and private, is addressing range anxiety issues, making EVs a more viable option for long-distance travel. Additionally, technological advancements in autonomous driving and connectivity features are making EVs more attractive. Lastly, government policies and incentives are providing substantial support for the EV market, further driving its growth.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Passenger Cars End-Use segment, which is expected to reach 25.2 Million Units by 2030 with a CAGR of a 19.9%. The Commercial Vehicles End-Use segment is also set to grow at 17.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at 2.9 Million Units in 2023, and China, forecasted to grow at an impressive 18.3% CAGR to reach 5.6 Million Units by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Audi AG, Bayerische Motoren Werke AG (BMW GROUP), American Honda Motor Co., Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 1056 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value in 2023 | 9.6 Million Units |
| Forecasted Market Value by 2030 | 32.8 Million Units |
| Compound Annual Growth Rate | 19.2% |
| Regions Covered | Global |
MARKET BUZZZ
- Venture Capital Funding Begins to Roll In for EV Start-Ups
- Increase in Driving Range & a Parallel Decline in Price Per Mile Means the EV Market is Ripe for the Picking: Average Driving Range (In Miles) and Price Per Mile (In US$) for Years 2012 Through 2022
- EV Funding Hits All-Time High as Investors Bet Big on the Electrified Future of Mobility: Global Electric Vehicle (EV) Venture Capital (VC) Deal Activity (In Deal Value US$ Billion) & Deal Count) for the Years 2014 Through 2022
- Top Investors in EV Technologies by Number of Cumulative Unique Deals Between 2015 to2021
- Are Electric Vehicle (EV) Stocks Overhyped & Overvalued? Market Cap of World’s Largest EV Companies (In US$ Million) As of the Year 2022
- Can EVs Break Russia’s War Machine? What Are the Bottlenecks in This Regard?
- EVs Can Be a Powerful Weapon to Displace Oil, Explaining EU Grand Plan for EVs in Reducing Dependence on Russian Oil: Global Oil Displacement by EVs (In 000 Barrels) for Years 2019, 2021, & 2023
- The Critical Importance of Lightweighting EVs Brings Electric Vehicle Polymers Into the Spotlight
- Innovations in Polymers to Help Push the Design & Production of Better Performing EV Models: Global Market for Electric Vehicle Polymers (In US$ Million) for Years 2020, 2024, and 2026
- Electric Commercial Vehicles (CVs) Poised for Robust Growth. Here’s Why
- Growing Focus on Electrified Last Mile Delivery Amid Robust Spike in e-Commerce to Boost Adoption of Electric CVs
- Global B2C E-Commerce Sales in US$ Trillion for the Years 2017, 2019, 2021 and 2023
- Strong Focus Shed on Ecofriendly Last Mile Delivery to Help Expand EV Delivery Fleet: Global Opportunity for Last Mile Delivery (In US$ Billion) for Years 2022, 2024, 2026, 2028 and 2028
- Rising Average Vehicle Life Provides a Fertile Environment for Upgrading to Low-Emission and Fuel Efficient CVs
- With Several Governments Imposing 15 Years as the Retirement Age for Vehicles, the Growing Age of Vehicles is Poised to Benefit Replacements by EVs: Average Age of Cars & Light Trucks in the United States (In Years) for the Years 1980, 1990, 2000, 2015, 2020 and 2022
- Domestic Brands Outshine Global Brands in the Chinese Electric Vehicles Market
- AI to Power the Rapidly Evolving EV Ecosystem
- Will Fuel Cell EVs (FCEVs) Emerge to be a Threat to BEVs? The Answer is Probably a “NO”
- In the Spotlight: Extending EV Range With Direct Methanol Fuel Cell (DMFCs)
- Business Opportunity for Direct Methanol Fuel Cells (DMFCs) in the Automotive Industry (In US$ 000s) for Years 2021, 2023, 2025, and 2027
- EV Shared Mobility to Push Up Demand for EVs Higher Than Personal Ownership
- Shared Mobility to Emerge as a Game Changer for EV Adoption in the Coming Decade: Global Electric Mobility Services Market (In US$ Million) for Years 2022, 2024, 2026, 2028 & 2030
CHARTING THE FUTURE OF PHEVs
- Why PHEVs Were Once Considered a Gateway and a Bridge to all Electric Future
- So How Did PHEVs Lose Their Appeal?
- New Policy Changes Make PHEVs an Elephant in Room
- Marked Spike in PHEV Emissions with New EC Guidelines
- PHEVs in the Eye of the Storm With New Studies Revealing Real World Fuel Inefficiencies: Manufacturer Claimed Miles Per Gallon (MPG) Vs Real World MPG for Select PHEV Models
- The Dominoes Are Fast Falling for PHEVs With Studies Revealing Emission Flaws & Earning Them the Fake Electric Title: Official Vs Real World Emission of Plug-In Hybrids (in CO2 Grams Per kilometer) for Select PHEV Models
- The Closing Window of Opportunity for Plug-in Hybrids Accelerated by the Implementation of WLTP: PHEV Co2 Emission WLTP Vs Real World, a Comparison for Select PHEV Models
- What is WLTP? & Why Its Implementation is Bringing to Light the Real Inefficiency of PHEVs
- Pressure Builds to Roll Back Subsidies on PHEVs, Given their Higher Than Claimed Emissions on Road
- EU Takes Tough Stance on PHEVs
- Germany, UK, Ireland & South Korea to End PHEV Subsidies
- As PHEVs Turn Into a Dying Breed, OEMs in this Space Need to Time Their Jump Away from this Market
- Conclusion: BEVs to Gain at the Expense of PHEVs
EVs & THE ENVIRONMENT, WHATS THE REAL TRUTH?
- Are They Really Greener Solution to Sustainability?
- Statistics That Defy the Naysayers: Lifetime Carbon Footprint of Conventional Cars Vs EVs (In Tonnes of CO2) by Years of Use
- As Millions of Electric Car Batteries Retire Over the Next Decade, Environmental Concerns Rise Over Battery Disposal
- As EV Batteries Reach End-of-Life, Robust Recycling Infrastructure is Crucial for Long-Term Sustainability of EVs: Global Cumulative Capacity of Used EV Batteries (In GWh/Year) for the Period 2020 to 2025
- Repurposing Retired Electric Car & Bus Batteries is the Newest Strategy to Keep EV Batteries Out of Landfills: Global Second Life EV Capacity (In GWh/Y) for Years 2020 2022, 2024, 2026, 2028 & 2030
- Does this Mean that We Do Not Buy Electric Vehicles?
- Biogas for EV Charging Promises to Alleviate Concerns Over Emissions Associated with Electric Vehicle Charging
- Recycling is the Only Way to Counter the EV Battery Pollution Threat
- A Fast Growing Lithium-Ion Battery Recycling Market Means that the Race to Recycling Has Begun, Bringing the Promise of Alleviating Battery Carbon Footprint: Global Lithium-Ion Battery Recycling Market (In US$ Million) for Years 2021, 2023 2025, and 2027
FOCUS ON SELECT PLAYERS(Total 175 Featured)
- Audi AG
- Bayerische Motoren Werke AG (BMW GROUP)
- American Honda Motor Co., Inc.
- BYD Co., Ltd.
- Anhui Jianghuai Automobile Co., Ltd.
- Blue Bird Corporation
- Chang’an Automobile (Group) Co., Ltd.
- AIXAM MEGA SAS
- Cadillac
- CAF, Construcciones y Auxiliar de Ferrocarriles, S.A.
- Canadian Electric Vehicles
- Beijing Automotive Industry Corp. (BAIC)
- Alkane Truck Company
- Balqon Corporation
- ALIENO
For more information about this report visit https://www.researchandmarkets.com/r/3i82a1
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
- Global Electric Vehicles Market
