Global Electric Vehicle (BEV, PHEV) Market Report 2019 - Market Size, Share, Price, Trend and Forecast

Global Electric Vehicle Market Overview

Growing fuel prices and their fading presence encourages the search for low-cost options. Because of their affordable prices, which are likely to boost the development of the worldwide electric fuel market, customer demand for electric vehicles is growing to reduce their fuel spending.

Demand for electric vehicles is driven by increased demand for fuel-efficient vehicles, high-performance, and low-emission. Moreover, the trend of vehicle emission reduction, owing to stringent laws and regulations is further fueling market growth.

The Electric Vehicle Market is segmented is based on type, application, and geography. It is further classified into Plug-in Hybrid Electric Vehicles (PHEVs), and Battery Electric Vehicles (BEVs) based on type.

The global electric vehicle market report covers four main sections, namely competitor segment, product type segment, end-use / application segment, and geography segment.

Factors Driving The Market

• Encouraging incentives and huge investments from major companies 
• Proactive government initiatives
• Increasing demand for reducing carbon emission

Region Wise Market Analysis:

• China intends to become the primary battlefield for electric vehicle manufacturers in the next two decades as the US and European governments actively support the growth of electric vehicle technology. Up to now, China's electric vehicle industry has been through incubation, and the Chinese government is cutting down on EV buy subsidies and will end the support entirely by 2020.
• Chinese market extended by 72% over the past year, strengthening China's leading role in sales of EVs. The nation now has a bigger EV market, mostly BEVs than combined between Europe and the United States. Domestic OEMs presently dominate the Chinese EV market with a sales share of around 94 per cent.
• The US had few favourable markets and business dynamics; while the accessibility of EV models and market share increased significantly, the manufacturing share of vehicles and components reduced.
• Japan lost ground on the industrial side due to declining market share in EV and component manufacturing; slight market enhancement due to slow sales growth.
• The European market is projected to experience steady growth, owing to a well-developed infrastructure for electric vehicles.
• Asia Pacific market is the fastest due to the strong presence of major electric vehicle manufacturing OEM

Segments And Classification

The overall electric vehicle(BEV and PHEV) market is classified into three sections based on their type, application, and region.

Segments in Electric Vehicle Market Based on Type

• Normal Charging
• Super Charging
• Inductive Charging

Segments in Electric Vehicle Market Based on Application

• Home Use
• Commercial Use

Segments in Electric Vehicle Market Production Based on Region

• North America
• South America
• Asia & Pacific
• Europe
• MEA (Middle East and Africa)

Featured Company

The Electric Vehicle Market is highly fragmented with the majority of the market dominated by major players. Some of the key players discussed in this report are,

• Tesla
• Nissan
• BYD
• BMW
• Volkswagen AG
• Toyota
• Ford
• Volvo
• Daimler AG
• Hyundai
• Honda

What The Report Has To Offer

The report provides leading vendor market shares for the business profile, product requirements, capability, manufacturing value, and 2013-2018. The overall market is further split by business, nation, and competitive landscape analysis application/type. The study estimates market trends in the electric vehicle industry (BEV, PHEV) for 2019-2024. Upstream raw materials analysis, downstream demand and present market dynamics are also conducted.