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Electric Vehicle Market by Component, Vehicle Type, Vehicle Class, Propulsion (BEV, PHEV, FCEV), Vehicle Drive Type (FWD, RWD, AWD), Vehicle Top Speed (<125 mph, >125 mph), Charging Point Type, Vehicle Connectivity, End Use, Region-Global Forecast 2030

Electric Vehicle Market by Component, Vehicle Type, Vehicle Class, Propulsion (BEV, PHEV, FCEV), Vehicle Drive Type (FWD, RWD, AWD), Vehicle Top Speed (<125 mph, >125 mph), Charging Point Type, Vehicle Connectivity, End Use, Region-Global Forecast 2030

The global electric vehicle market size is projected to reach 39,208 thousand units by 2030, from an estimated 8,151 thousand units in 2022, at a CAGR of 21.7%. Governments are supporting EV’s through subsidies & tax rebates for using low emission vehicles and working in collaboration with top automobile manufacturers to speed up growth of their countries.

Increased demand for efficient and low emission vehicles along with government support amid the rising prices of petroleum will boost the electric vehicle market. Consumers from developing countries are already feeling the heat of the increasing cost of petrol. Electric vehicles have lower operating cost as compared to ICE vehicles. To make the Electric market grow, a continued support from the government will be needed along with the growing research of EV batteries, EV charging systems and EV design to reduce the initial cost of electric vehicles. Additionally, increasing vehicle range, reducing charging time and adding technology features to the EV’s would act as other major factors for faster EV market growth.

COVID-19 pandemic had a impact on the electric vehicle market in the first few months. Both the production and sales of EV’s had come to a halt in the first few months of 2020 across the globe except China as the whole ecosystem had been disrupted. However, in the next two quarters, the sale of EV’s showed growing trend. OEMs had to wait until lockdowns were lifted to resume production, which affected their business. Post the pandemic, the demand for EV’s might increase, as people are getting increasingly conscious for reducing emissions from vehicles around the world and various governments setting up charging point networks across their countries during the second half of 2022 and beyond.

“The Passenger vehicle Segment is expected to be the largest market in the vehicle segment in the forecast.”

Electric passenger car is the largest segment in the EV market and is expected to witness significant growth during the forecast period. The availability of a wide range of models, upgraded technology, increasing customer awareness, and availability of subsidies and tax rebates are the major factors driving the market. Major EV manufacturers like Tesla, BYD, BMW, Volkswagen, Nissan, Toyota, Honda, Hyundai, Daimler, Volvo, GM, SAIC etc. have been strong players in the market. These companies have a strong market for their EV’s around the world.

Passenger cars account for the largest share in the electric vehicle market. Countries such as China have a low waiting period for electric vehicles compared to that for ICE powered vehicles. Due to the growing stringency of emission norms, European countries are planning to decrease their vehicle emissions by 2030-2035. The US and China also follow such an agreement which further support the market growth. The fast growth of EV chargers have also led to the growth of the EV passenger car market.

“DC (Super charging) to be the fastest-growing e-charging segment in the forecast period”

Currently, Asia has the highest number of DC Chargers in the world, while Europe stands the 2nd best. Higher investments by governments has paid a significant role in the region. Superchargers are projected to grow at a fast rate in all 3 regions, especially in North American region due to the fast-projected transformation to EV’s in the US. In the European region, Superchargers exist mostly in countries like Norway, Netherlands, the UK etc. In Asia, Superchargers exist mostly in China and some in Japan and South Korea.

Many countries have announced plans for a massive expansion of EV charging stations of both types in the next 5-10 years. In North America, many companies are collaborating with various states to speed up Supercharging infrastructure development. In the predicted period, Superchargers may grow fastest in the Asian region and 2nd highest in the North American Region.

“Low-priced segment is expected to be largest in the Vehicle class segment in the forecast period.”

Low-priced EVs are mainly available in the Asia Pacific region. China’s top EV manufacturers like SAIC Motors, BYD, etc., provide EVs under this category. Some of the lower end EVs for the European and North American models also fall under this category. However, they have a low to moderate market share in these regions. Some of the latest EVs in India also come under this category, with Tata Motors launching EVs costing around USD 18,000 in 2020. Suzuki is expected to enter the low-priced segment in the coming years with plans to open new manufacturing facilities in India. The upcoming Model 2 by Tesla for the Chinese market is also expected to cost around USD 20,000.

With affordability as the main criteria in this segment, it has immense potential in the long run, with countries making policies to shift fully to EVs in the coming decades. Low-priced electric vehicles are small, lightweight, and less costly to produce and purchase. This kind of EV is also called Mini-EVs and is mainly available in China. Some of the bestselling low-priced EVs are offered by BYD, SAIC Motors, and Great Wall Motors (China). In April 2020, the world’s cheapest EV (Wuling HongGuang Mini EV) was launched in China. It cost approximately USD 5,000 and did not have additional features except traditional driving. This also became one of the top sold EV models in 2020 and 2021.

Great Wall Motors’s Black Cat, White Cat, and Good Cat were some of the top-selling EVs from the company, which pushed it to be one of the largest EV manufacturers in the world in 2021. In November 2020, Great Wall Motors launched its latest EV (Good Cat), which further started sales in Thailand in 2021. BYD’s Han, Qin Plus PHEV, Song, and Qin Plus EV also had substantial sales in 2021, which belong to this segment.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
•By Company Type: Tier I - 67%, Tier II - 9%, and OEMs - 24%
•By Designation: C Level Executives - 33%, Managers - 52%, and Others - 15%
•By Region: North America - 20%, Europe - 34% and Asia Pacific - 38%, Middle East & Africa – 8%
The electric vehicle market is dominated by established players such as Tesla (US), Volkswagen AG (Germany), SAIC Motors (China), BYD (China), and Stellantis (Netherlands). The market ranking has been derived by considering EV sales and a certain percentage of segmental revenue for each of the companies mentioned above. These companies also offer extensive products and solutions for the automotive industry. These companies have strong distribution networks at the global level, and they invest heavily in R&D to develop new products.

Research Coverage:
Electric Vehicle Market by Component, Vehicle Type (Passenger Cars, Commercial Vehicles), Vehicle Class (Low-priced, Mid-priced, Luxury), Propulsion (BEV, PHEV, FCEV), Vehicle Drive Type (FWD, RWD, AWD), Vehicle Top Speed (125 mph), Charging Point Type (AC (Normal Charging), DC (Super Charging)), Vehicle Connectivity, End Use, Region (Asia Pacific, Europe, North America, Middle East & Africa). It also covers the competitive landscape and company profiles of the major players in the electric vehicle market ecosystem.

The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:
•The report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall electric vehicle market and its subsegments.
•This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
•The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
Table of Contents

1INTRODUCTION26
1.1OBJECTIVES OF THE STUDY26
1.2MARKET DEFINITION27
TABLE 1ELECTRIC VEHICLE MARKET DEFINITION, BY PROPULSION27
TABLE 2ELECTRIC VEHICLE MARKET DEFINITION, BY VEHICLE TYPE27
TABLE 3ELECTRIC VEHICLE MARKET DEFINITION, BY VEHICLE DRIVE TYPE28
TABLE 4ELECTRIC VEHICLE MARKET DEFINITION, BY VEHICLE CLASS28
TABLE 5ELECTRIC VEHICLE MARKET DEFINITION, BY VEHICLE TOP SPEED29
TABLE 6ELECTRIC VEHICLE MARKET DEFINITION, BY VEHICLE CONNECTIVITY29
TABLE 7ELECTRIC VEHICLE CHARGING STATION MARKET, BY CHARGING POINT TYPE30
TABLE 8ELECTRIC VEHICLE MARKET DEFINITION, BY COMPONENT30
TABLE 9ELECTRIC VEHICLE MARKET DEFINITION, BY END USE31
1.2.1INCLUSIONS & EXCLUSIONS32
TABLE 10INCLUSIONS & EXCLUSIONS IN THE ELECTRIC VEHICLE MARKET32
1.3MARKET SCOPE33
FIGURE 1MARKETS COVERED33
1.3.1YEARS CONSIDERED FOR STUDY33
1.4CURRENCY & PRICING34
TABLE 11CURRENCY EXCHANGE RATES34
1.5PACKAGE SIZE34
1.6STAKEHOLDERS34
1.7LIMITATIONS35
1.8SUMMARY OF CHANGES35
2RESEARCH METHODOLOGY37
2.1RESEARCH DATA37
FIGURE 2ELECTRIC VEHICLE MARKET: RESEARCH DESIGN37
FIGURE 3RESEARCH DESIGN MODEL38
2.1.1SECONDARY DATA38
2.1.1.1Key secondary sources for electric vehicle market39
2.1.1.2Key data from secondary sources40
2.1.2PRIMARY DATA40
2.1.2.1Primary interviews – demand and supply sides41
2.1.2.2Key industry insights and Breakdown of Primary Interviews41
FIGURE 4KEY INDUSTRY INSIGHTS41
FIGURE 5BREAKDOWN OF PRIMARY INTERVIEWS42
2.1.2.3List of Primary participants42

2.2MARKET SIZE ESTIMATION43
FIGURE 6RESEARCH METHODOLOGY: HYPOTHESIS BUILDING44
2.2.1BOTTOM-UP APPROACH45
FIGURE 7BOTTOM-UP APPROACH: ELECTRIC VEHICLE MARKET45
2.2.2TOP-DOWN APPROACH45
2.2.3TOP-DOWN APPROACH: ELECTRIC VEHICLE MARKET46
FIGURE 8ELECTRIC VEHICLE MARKET: MARKET ESTIMATION NOTES46
FIGURE 9ELECTRIC VEHICLE MARKET: RESEARCH DESIGN & METHODOLOGY – DEMAND SIDE47
FIGURE 10MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 BOTTOM-UP (SUPPLY SIDE): COLLECTIVE MARKET SHARE OF MAJOR PLAYERS48
2.3DATA TRIANGULATION49
FIGURE 11DATA TRIANGULATION METHODOLOGY49
FIGURE 12MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS50
2.4FACTOR ANALYSIS51
2.4.1FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY-SIDE51
2.5RESEARCH ASSUMPTIONS51
2.6RESEARCH LIMITATIONS53
3EXECUTIVE SUMMARY54
FIGURE 13ELECTRIC VEHICLE MARKET: MARKET OVERVIEW55
FIGURE 14ELECTRIC VEHICLE MARKET, BY REGION, 2022–2030 (THOUSAND UNITS)56
FIGURE 15BEVS EXPECTED TO HOLD LARGEST MARKET DURING FORECAST PERIOD (2022–2030)57
FIGURE 16KEY PLAYERS IN ELECTRIC VEHICLE MARKET57
FIGURE 17COVID-19 IMPACT ON ELECTRIC VEHICLE MARKET58
4PREMIUM INSIGHTS59
4.1ATTRACTIVE OPPORTUNITIES IN ELECTRIC VEHICLE MARKET59
FIGURE 18INCREASING DEMAND FOR ZERO-EMISSION COMMUTING TO DRIVE MARKET59
4.2ELECTRIC VEHICLE CHARGING STATION MARKET, BY CHARGING POINT TYPE59
FIGURE 19SUPER CHARGING SEGMENT TO GROW AT FASTER RATE (2022–2027)59
4.3ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE60
FIGURE 20PASSENGER CARS TO DOMINATE MARKET DURING FORECAST PERIOD (2022–2030)60
4.4ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS60
FIGURE 21LOW-PRICED VEHICLES TO OCCUPY LARGER MARKET SHARE DURING FORECAST PERIOD (2022–2030)60
4.5ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE61
FIGURE 22BEVS TO CONTINUE HOLDING HIGHER MARKET SHARE DURING FORECAST PERIOD (2022–2030)61
4.6ELECTRIC VEHICLE MARKET, BY VEHICLE TOP SPEED61
FIGURE 23<125 MPH EV DEMAND TO GROW AT HIGHER CAGR DURING FORECAST PERIOD (2022–2030)61
4.7ELECTRIC VEHICLE MARKET, BY VEHICLE DRIVE TYPE62
FIGURE 24REAR WHEEL DRIVE TO INFLUENCE GREATER DEMAND IN EV MARKET DURING FORECAST PERIOD (2022–2030)62
4.8ELECTRIC VEHICLE MARKET GROWTH RATE, BY REGION62
FIGURE 25ASIA PACIFIC PROJECTED TO BE LARGEST MARKET, 2022-203062
5MARKET OVERVIEW63
5.1INTRODUCTION63
5.2MARKET DYNAMICS64
FIGURE 26ELECTRIC VEHICLE MARKET: MARKET DYNAMICS64
5.2.1DRIVERS64
5.2.1.1Reducing prices of batteries to support demand for cost-effective EVs64
FIGURE 27EV BATTERY PRICING ANALYSIS65
5.2.1.2Faster charging speed to enable plug and charge use of EVs65
FIGURE 28TIME REQUIRED TO CHARGE ELECTRIC VEHICLES66
5.2.1.3Rising petroleum prices increase demand for EVs due to lower electricity cost67
FIGURE 29AVERAGE PETROL PRICES AROUND WORLD67
FIGURE 30COMPARISON OF OPERATING COST OF EVS AND ICE VEHICLES68
5.2.1.4Lower emissions contribute to demand for EVs68
FIGURE 31COMPARISON OF EMISSIONS OF EVS AND GASOLINE VEHICLES69
5.2.1.5Development of private and semi-public EV charging69
TABLE 12REVENUE POOLS FROM EV CHARGING69
5.2.2RESTRAINTS70
5.2.2.1High initial investments for installing EV fast charging infrastructure70
FIGURE 32FUEL STATION AVERAGE PRICE COMPARISON FOR DIFFERENT FUELS70
5.2.2.2Insufficient EV charging infrastructure to slow EV adoption71
FIGURE 33COUNTRY-WISE COMPARISON OF EV CHARGER DENSITY71
5.2.2.3Longer charging time than other fuels to hinder shift to EVs72
FIGURE 34CHARGING TIME REQUIRED TO CHARGE USING DIFFERENT CHARGING POINT TYPES72
5.2.2.4Lower vehicle range hampers use of EVs for traveling72
TABLE 13ELECTRIC CAR PERFORMANCE COMPARISON73
5.2.3OPPORTUNITIES74
5.2.3.1Rising demand for electric vehicles in automotive and transportation sectors74
FIGURE 35EV PC SALES GROWTH OVER YEARS74
5.2.3.2Government initiatives pertaining to EVs75
TABLE 14EV RELATED POLICIES ACROSS MAJOR MARKETS75
FIGURE 36ELECTRIFICATION TARGETS BY COUNTRIES76
5.2.3.3Development of wireless EV charging technology for on-the-go charging76
FIGURE 37WORKING OF WIRELESS EV CHARGING77
5.2.3.4Use of EVs for fleets and commercial applications77
TABLE 15MAJOR EV FLEET TARGETS77
5.2.4CHALLENGES78
5.2.4.1High cost of electric vehicles compared to ICE78
FIGURE 38COST COMPARISON OF EV AND ICE VEHICLES79
5.2.4.2Insufficient standardization of EV charging infrastructure79
FIGURE 39EV CHARGERS USED AROUND WORLD80
5.2.4.3Lower availability of lithium for use in EV batteries80
FIGURE 40LITHIUM-ION DEMAND AND SUPPLY80
5.2.4.4Insufficient grid infrastructure globally81
FIGURE 41GRID REQUIREMENT FOR EVS IN GERMANY BY 203081
TABLE 16ELECTRIC VEHICLE MARKET: IMPACT OF MARKET DYNAMICS82
5.3PORTER’S FIVE FORCES83
FIGURE 42PORTER’S FIVE FORCES: ELECTRIC VEHICLE MARKET83
TABLE 17ELECTRIC VEHICLE MARKET: IMPACT OF PORTER’S FIVE FORCES84
5.3.1THREAT OF SUBSTITUTES84
5.3.2THREAT OF NEW ENTRANTS84
5.3.3BARGAINING POWER OF BUYERS84
5.3.4BARGAINING POWER OF SUPPLIERS84
5.3.5INTENSITY OF COMPETITIVE RIVALRY85
5.4NEW AND UPCOMING ELECTRIC VEHICLE MODELS, 2021-202585
TABLE 18NEW AND UPCOMING ELECTRIC VEHICLE MODELS, 2021–202585
5.5TOP-SELLING EV MODELS IN 2021 (WORLDWIDE IN THOUSANDS)86
FIGURE 43TOP-SELLING EVS IN 2021 WORLDWIDE (THOUSAND UNITS)86
5.6ELECTRIC VEHICLE MARKET ECOSYSTEM87
FIGURE 44ELECTRIC VEHICLE MARKET: ECOSYSTEM ANALYSIS87
5.6.1EV CHARGING PROVIDERS87
5.6.2SOFTWARE PROVIDERS87
5.6.3BATTERY MANUFACTURERS87
5.6.4COMPONENT MANUFACTURERS88
5.6.5OEMS88
5.6.6END USERS88
TABLE 19ELECTRIC VEHICLE MARKET: ROLE OF COMPANIES IN ECOSYSTEM88
5.7NOTABLE DEVELOPMENTS IN EV MARKET (2021)90
FIGURE 45NOTABLE EVENTS Q1 202190
FIGURE 46NOTABLE EVENTS Q2 202191
FIGURE 47NOTABLE EVENTS Q3 202191
FIGURE 48NOTABLE EVENTS Q4 202192
5.8SUPPLY CHAIN ANALYSIS92
FIGURE 49SUPPLY CHAIN ANALYSIS OF ELECTRIC VEHICLE MARKET93
5.9ELECTRIC VEHICLE PRICING ANALYSIS93
TABLE 20ELECTRIC VEHICLE MARKET: PRICING OF POPULAR EVS (ASIA PACIFIC)94
TABLE 21ELECTRIC VEHICLE MARKET: PRICING OF POPULAR EVS (EUROPE)95
TABLE 22ELECTRIC VEHICLE MARKET: PRICING OF POPULAR EVS (NORTH AMERICA)96
5.10TECHNOLOGY ANALYSIS96
5.10.1V2X CHARGING96
FIGURE 50PARTS OF V2X (VEHICLE TO EVERYTHING)97
5.10.2SMART CHARGING SYSTEM97
FIGURE 51SMART EV CHARGING SYSTEM98
5.10.3SOLID STATE BATTERY (SSB)98
5.10.4IOT IN ELECTRIC VEHICLES99
5.10.5PACKAGED FUEL CELL SYSTEM MODULE99
FIGURE 52TOYOTA’S NEW PACKAGED FUEL CELL SYSTEM MODULE99
5.10.6METHANE FUEL CELLS100
5.11PATENT ANALYSIS100
5.11.1INTRODUCTION100
FIGURE 53PUBLICATION TRENDS (2012-2021)100
5.11.2PATENTS PUBLISHED BY MAJOR COMPANIES IN EV ECOSYSTEM101
FIGURE 54ELECTRIC VEHICLE PATENTS, TREND ANALYSIS (2012-2021)101
TABLE 23IMPORTANT PATENT REGISTRATIONS RELATED TO THE ELECTRIC VEHICLE MARKET102
5.12TRADE ANALYSIS106
TABLE 24ELECTRIC VEHICLE MARKET: TRADE DATA FOR MOTOR VEHICLES
IN 2021 (HS 8703)106
5.13CASE STUDY107
5.13.1NISSAN LEAF IN DURHAM COUNTY, NORTH CAROLINA107
5.13.2ADOPTION OF ELECTRIC BUSES AS PUBLIC TRANSPORT IN SHENZHEN, CHINA108
5.14REGULATORY OVERVIEW108
5.14.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS, BY REGION109
TABLE 25NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS109
TABLE 26EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS110
TABLE 27ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS111
5.14.2NETHERLANDS112
TABLE 28NETHERLANDS: ELECTRIC VEHICLE INCENTIVES112
TABLE 29NETHERLANDS: ELECTRIC VEHICLE CHARGING STATIONS INCENTIVES112
5.14.3GERMANY113
TABLE 30GERMANY: ELECTRIC VEHICLE INCENTIVES113
TABLE 31GERMANY: ELECTRIC VEHICLE CHARGING STATIONS INCENTIVES113
5.14.4FRANCE114
TABLE 32FRANCE: ELECTRIC VEHICLE INCENTIVES114
TABLE 33FRANCE: ELECTRIC VEHICLE CHARGING STATION INCENTIVES114

5.14.5UK115
TABLE 34UK: ELECTRIC VEHICLE INCENTIVES115
TABLE 35UK: ELECTRIC VEHICLE CHARGING STATIONS INCENTIVES115
5.14.6CHINA116
TABLE 36CHINA: ELECTRIC VEHICLE INCENTIVES116
TABLE 37CHINA: ELECTRIC VEHICLE CHARGING STATIONS INCENTIVES116
5.14.7US116
TABLE 38US: ELECTRIC VEHICLE INCENTIVES116
TABLE 39US: ELECTRIC VEHICLE CHARGING STATIONS INCENTIVES116
5.15KEY CONFERENCE & EVENTS IN 2022-2023117
TABLE 40ELECTRIC VEHICLE MARKET: DETAILED LIST OF CONFERENCES & EVENTS117
5.16TRENDS AND DISRUPTIONS118
FIGURE 55ELECTRIC VEHICLE MARKET: TRENDS AND DISRUPTIONS118
5.17COVID-19 IMPACT ANALYSIS118
5.17.1IMPACT ON RAW MATERIAL SUPPLY118
5.17.2COVID-19 IMPACT ON AUTOMOTIVE INDUSTRY118
5.17.3OEM ANNOUNCEMENTS119
TABLE 41OEM ANNOUNCEMENTS119
5.17.4IMPACT OF COVID-19 ON ELECTRIC VEHICLE PRODUCTION119
5.18ELECTRIC VEHICLE MARKET, SCENARIOS (2022–2030)119
5.18.1ELECTRIC VEHICLE MARKET, MOST LIKELY SCENARIO119
FIGURE 56ELECTRIC VEHICLE MARKET – FUTURE TRENDS & SCENARIOS,
2022–2030 (THOUSAND UNITS)120
5.18.2ELECTRIC VEHICLE MARKET, OPTIMISTIC SCENARIO120
TABLE 42ELECTRIC VEHICLE MARKET (OPTIMISTIC), BY REGION,
2022–2030 (THOUSAND UNITS)120
5.18.3ELECTRIC VEHICLE MARKET, PESSIMISTIC SCENARIO121
TABLE 43ELECTRIC VEHICLE MARKET (PESSIMISTIC), BY REGION,
2022–2030 (THOUSAND UNITS)121
6ELECTRIC VEHICLE CHARGING STATION MARKET, BY CHARGING POINT TYPE122
6.1INTRODUCTION123
FIGURE 57DC SUPER CHARGING SEGMENT PROJECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD (2022–2027)123
TABLE 44ELECTRIC VEHICLE CHARGING STATION MARKET, BY CHARGING POINT TYPE, 2018–2021 (THOUSAND UNITS)124
TABLE 45ELECTRIC VEHICLE CHARGING STATION MARKET, BY CHARGING POINT TYPE, 2022–2027 (THOUSAND UNITS)124
6.1.1OPERATIONAL DATA125
TABLE 46LEADING EV CHARGING PROVIDERS GLOBALLY125
6.1.2ASSUMPTIONS125
TABLE 47ASSUMPTIONS: BY CHARGING POINT TYPE125
6.1.3RESEARCH METHODOLOGY126

6.2AC (NORMAL CHARGING)126
6.2.1INCREASED ADOPTION OF ELECTRIC VEHICLES TO BOOST DEMAND126
TABLE 48ELECTRIC VEHICLE CHARGING STATION MARKET FOR AC
(NORMAL CHARGING), BY REGION, 2018–2021 (THOUSAND UNITS)126
TABLE 49ELECTRIC VEHICLE CHARGING STATION MARKET FOR AC
(NORMAL CHARGING), BY REGION, 2022–2027 (THOUSAND UNITS)126
6.3DC (SUPER CHARGING)127
6.3.1DEMAND FOR FAST CHARGING OF EVS TO FUEL SUPER CHARGING SEGMENT GROWTH127
TABLE 50ELECTRIC VEHICLE CHARGING STATION MARKET FOR DC
(SUPER CHARGING), BY REGION, 2018–2021 (THOUSAND UNITS)127
TABLE 51ELECTRIC VEHICLE CHARGING STATION MARKET FOR DC
(SUPER CHARGING), BY REGION, 2022–2027 (THOUSAND UNITS)128
6.4INDUCTIVE CHARGING128
6.5KEY PRIMARY INSIGHTS128
7ELECTRIC VEHICLE MARKET, BY COMPONENT129
7.1INTRODUCTION129
7.2BATTERY CELLS AND PACKS129
7.3ONBOARD CHARGER130
7.4MOTOR130
7.5REDUCER130
7.6POWER CONTROL UNIT130
7.7BATTERY MANAGEMENT SYSTEM131
7.8FUEL CELL STACK131
7.9FUEL PROCESSOR131
7.10POWER CONDITIONER132
7.11AIR COMPRESSOR132
7.12HUMIDIFIER132
8ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE133
8.1INTRODUCTION134
FIGURE 58FCEV SEGMENT PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD (2022–2030)134
TABLE 52ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE,
2018–2021 (THOUSAND UNITS)135
TABLE 53ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE,
2022–2030 (THOUSAND UNITS)135
8.1.1OPERATIONAL DATA136
TABLE 54SALES OF POPULAR EVS WORLDWIDE, 2020 & 2021136
8.1.2ASSUMPTIONS136
TABLE 55ASSUMPTIONS: BY PROPULSION TYPE136
8.1.3RESEARCH METHODOLOGY137

8.2BATTERY ELECTRIC VEHICLE (BEV)137
8.2.1INCREASE IN VEHICLE RANGE PER CHARGE TO RAISE DEMAND137
TABLE 56BEV MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)137
TABLE 57BEV MARKET, BY REGION, 2022–2030 (THOUSAND UNITS)138
8.3FUEL CELL ELECTRIC VEHICLE (FCEV)138
8.3.1DEMAND FOR ZERO EMISSION VEHICLES TO UPLIFT FCEV MARKET138
TABLE 58FCEV MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)139
TABLE 59FCEV MARKET, BY REGION, 2022–2030 (THOUSAND UNITS)139
8.4PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV)140
8.4.1GOVERNMENT PROVISION OF TAX BENEFITS AND INCENTIVES TO SIGNIFICANTLY PUSH DEMAND FOR PHEVS140
TABLE 60PHEV MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)140
TABLE 61PHEV MARKET, BY REGION, 2022–2030 (THOUSAND UNITS)140
8.5HYBRID ELECTRIC VEHICLE (HEV)141
8.6KEY PRIMARY INSIGHTS141
9ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS142
9.1INTRODUCTION143
FIGURE 59LOW-PRICED SEGMENT PROJECTED TO DOMINATE SEGMENT AT HIGHER CAGR DURING FORECAST PERIOD (2022–2030)143
TABLE 62ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS,
2018–2021 (THOUSAND UNITS)143
TABLE 63ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS,
2022–2030 (THOUSAND UNITS)144
9.1.1OPERATIONAL DATA144
TABLE 64POPULAR EVS ACROSS ASIA PACIFIC144
TABLE 65POPULAR EVS ACROSS EUROPE145
TABLE 66POPULAR EVS ACROSS NORTH AMERICA146
9.1.2ASSUMPTIONS146
TABLE 67ASSUMPTIONS: BY VEHICLE CLASS146
9.1.3RESEARCH METHODOLOGY147
9.2LOW-PRICED147
9.2.1GROWING DEMAND FOR AFFORDABLE EVS DUE TO UPCOMING STRINGENT LAWS TO INCREASE DEMAND147
TABLE 68LOW-PRICED ELECTRIC VEHICLE MARKET, BY REGION,
2018–2021 (THOUSAND UNITS)147
TABLE 69LOW -PRICED ELECTRIC VEHICLE MARKET, BY REGION,
2022–2030 (THOUSAND UNITS)148
9.3MID-PRICED148
9.3.1DECLINE IN BATTERY PRICE EXPECTED TO IMPROVE DEMAND148
TABLE 70ELECTRIC MID-PRICED VEHICLE MARKET, BY REGION,
2018–2021 (THOUSAND UNITS)148
TABLE 71ELECTRIC MID-PRICED VEHICLE MARKET, BY REGION,
2022–2030 (THOUSAND UNITS)149

9.4LUXURY149
9.4.1HIGH-END TECHNOLOGY EXPECTED TO EXPAND DEMAND FOR LUXURY SEGMENT149
TABLE 72ELECTRIC LUXURY VEHICLE MARKET, BY REGION,
2018–2021 (THOUSAND UNITS)149
TABLE 73ELECTRIC LUXURY VEHICLE MARKET, BY REGION,
2022–2030 (THOUSAND UNITS)150
9.5KEY PRIMARY INSIGHTS150
10ELECTRIC VEHICLE MARKET, BY VEHICLE DRIVE TYPE151
10.1INTRODUCTION152
FIGURE 60REAR WHEEL DRIVE SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD (2022–2030)152
TABLE 74ELECTRIC VEHICLE MARKET, BY VEHICLE DRIVE TYPE,
2018–2021 (THOUSAND UNITS)152
TABLE 75ELECTRIC VEHICLE MARKET, BY VEHICLE DRIVE TYPE,
2022–2030 (THOUSAND UNITS)153
10.1.1OPERATIONAL DATA153
TABLE 76POPULAR BEVS WORLDWIDE AND THEIR DRIVE TYPE CONFIGURATION153
TABLE 77POPULAR PHEVS WORLDWIDE AND THEIR DRIVE TYPE CONFIGURATION155
10.1.2ASSUMPTIONS158
TABLE 78ASSUMPTIONS: BY VEHICLE DRIVE TYPE158
10.1.3RESEARCH METHODOLOGY158
10.2FRONT WHEEL DRIVE (FWD)159
TABLE 79ELECTRIC FWD VEHICLE MARKET, BY REGION,
2018–2021 (THOUSAND UNITS)159
TABLE 80ELECTRIC FWD VEHICLE MARKET, BY REGION,
2022–2030 (THOUSAND UNITS)159
10.3REAR WHEEL DRIVE (RWD)160
TABLE 81ELECTRIC RWD VEHICLE MARKET, BY REGION,
2018–2021 (THOUSAND UNITS)160
TABLE 82ELECTRIC RWD VEHICLE MARKET, BY REGION,
2022–2030 (THOUSAND UNITS)160
10.4ALL WHEEL DRIVE (AWD)161
TABLE 83ELECTRIC AWD VEHICLE MARKET, BY REGION,
2018–2021 (THOUSAND UNITS)161
TABLE 84ELECTRIC AWD VEHICLE MARKET, BY REGION,
2022–2030 (THOUSAND UNITS)161
10.5KEY PRIMARY INSIGHTS161
11ELECTRIC VEHICLE MARKET, BY VEHICLE TOP SPEED162
11.1INTRODUCTION163
FIGURE 61<125 MPH SEGMENT PROJECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD (2022–2030)163
TABLE 85ELECTRIC VEHICLE MARKET, BY VEHICLE TOP SPEED,
2018–2021 (THOUSAND UNITS)163
TABLE 86ELECTRIC VEHICLE MARKET, BY VEHICLE TOP SPEED,
2022–2030 (THOUSAND UNITS)164
11.1.1OPERATIONAL DATA164
TABLE 87POPULAR AND UPCOMING EVS WORLDWIDE164
11.1.2ASSUMPTIONS165
TABLE 88ASSUMPTIONS: BY VEHICLE TOP SPEED165
11.1.3RESEARCH METHODOLOGY166
11.2<125 MPH166
11.2.1DECREASE IN EV PRICE EXPECTED TO BOOST DEMAND166
TABLE 89<125 MPH ELECTRIC VEHICLE MARKET, BY REGION,
2018–2021 (THOUSAND UNITS)166
TABLE 90<125 MPH ELECTRIC VEHICLE MARKET, BY REGION,
2022–2030 (THOUSAND UNITS)167
11.3>125 MPH167
11.3.1DEMAND FOR HIGH-END VEHICLES EXPECTED TO PUSH DEMAND167
TABLE 91>125 MPH ELECTRIC VEHICLE MARKET, BY REGION,
2018–2021 (THOUSAND UNITS)167
TABLE 92>125 MPH ELECTRIC VEHICLE MARKET, BY REGION,
2022–2030 (THOUSAND UNITS)168
11.4KEY PRIMARY INSIGHTS168
12ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE169
12.1INTRODUCTION170
FIGURE 62COMMERCIAL VEHICLE SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD (2022–2030)171
TABLE 93ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE,
2018–2021 (THOUSAND UNITS)171
TABLE 94ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE,
2022–2030 (THOUSAND UNITS)171
12.1.1OPERATIONAL DATA172
TABLE 95POPULAR EVS WORLDWIDE172
TABLE 96UPCOMING ELECTRIC TRUCKS AND ELECTRIC PICK-UP TRUCK MODELS172
12.1.2ASSUMPTIONS174
TABLE 97ASSUMPTIONS: BY VEHICLE TYPE174
12.1.3RESEARCH METHODOLOGY174
12.2PASSENGER CAR (PC)174
12.2.1GROWING EMISSION NORMS TO BOOST MARKET DEMAND174
TABLE 98ELECTRIC PASSENGER CAR MARKET, BY REGION,
2018–2021 (THOUSAND UNITS)175
TABLE 99ELECTRIC PASSENGER CAR MARKET, BY REGION,
2022–2030 (THOUSAND UNITS)175
12.3COMMERCIAL VEHICLES (CV)176
12.3.1GROWTH OF E-COMMERCE AND LOGISTICS EXPECTED TO AMPLIFY DEMAND176
TABLE 100ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION,
2018–2021 (THOUSAND UNITS)176
TABLE 101ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION,
2022–2030 (THOUSAND UNITS)177
12.4KEY PRIMARY INSIGHTS177
13ELECTRIC VEHICLE MARKET, BY VEHICLE CONNECTIVITY178
13.1INTRODUCTION178
TABLE 102ELECTRIC VEHICLE MARKET, BY VEHICLE POWER CONNECTIVITY,
2018–2021 (THOUSAND UNITS)178
TABLE 103ELECTRIC VEHICLE MARKET, BY VEHICLE POWER CONNECTIVITY,
2022–2030 (THOUSAND UNITS)178
TABLE 104ELECTRIC VEHICLE MARKET, BY VEHICLE POWER CONNECTIVITY,
2018–2021 (USD MILLION)178
TABLE 105ELECTRIC VEHICLE MARKET, BY VEHICLE POWER CONNECTIVITY,
2022–2030 (USD MILLION)179
13.2V2B OR V2I179
13.3V2G179
13.4V2V179
13.5V2X179
14ELECTRIC VEHICLE MARKET, BY END USE180
14.1INTRODUCTION180
14.2OPERATIONAL DATA180
TABLE 106EV FLEET TARGETS WORLDWIDE180
TABLE 107ELECTRIC VEHICLES IN USE FOR COMMERCIAL FLEETS BY FLEET CATEGORY181
14.3PRIVATE181
14.4COMMERCIAL FLEETS182
15ELECTRIC VEHICLE MARKET, BY REGION183
15.1INTRODUCTION184
FIGURE 63EV PLANS AND INVESTMENTS BY TOP OEMS184
FIGURE 64VENTURE FUNDS SET UP FOR ELECTRIC VEHICLE MARKET185
FIGURE 65ASIA PACIFIC PROJECTED TO BE LARGEST MARKET FOR ELECTRIC PASSENGER CARS DURING FORECAST PERIOD (2022–2030)186
TABLE 108ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)186
TABLE 109ELECTRIC VEHICLE MARKET, BY REGION, 2022–2030 (THOUSAND UNITS)186
TABLE 110ELECTRIC VEHICLE MARKET FOR PASSENGER CARS, BY REGION,
2018–2021 (THOUSAND UNITS)187
TABLE 111ELECTRIC VEHICLE MARKET FOR PASSENGER CARS, BY REGION,
2022–2030 (THOUSAND UNITS)187
15.2ASIA PACIFIC188
FIGURE 66ASIA PACIFIC: PASSENGER CAR ELECTRIC VEHICLE MARKET SNAPSHOT, 2022-2030189
TABLE 112ASIA PACIFIC: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY COUNTRY, 2018–2021 (THOUSAND UNITS)190
TABLE 113ASIA PACIFIC: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY COUNTRY, 2022–2030 (THOUSAND UNITS)190
15.2.1CHINA191
15.2.1.1Rapid growth in sales of mini-EVs to lead market191
TABLE 114BESTSELLING EVS IN CHINA, 2021191
TABLE 115EV MOBILITY LANDSCAPE IN CHINA192
TABLE 116CHINA: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2018–2021 (THOUSAND UNITS)192
TABLE 117CHINA: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2022–2030 (THOUSAND UNITS)193
15.2.2INDIA193
15.2.2.1Strong support from startups along with government initiatives to boost EV demand193
TABLE 118BESTSELLING EVS IN INDIA, 2021193
FIGURE 67INCENTIVE AND REGULATORY LANDSCAPE FOR EVS IN INDIA194
TABLE 119INDIA: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2018–2021 (THOUSAND UNITS)195
TABLE 120INDIA: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2022–2030 (THOUSAND UNITS)195
15.2.3JAPAN196
15.2.3.1Increase in government incentives to fuel demand196
TABLE 121JAPAN: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2018–2021 (THOUSAND UNITS)196
TABLE 122JAPAN: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2022–2030 (THOUSAND UNITS)196
15.2.4SOUTH KOREA197
15.2.4.1Increased investments in electric vehicles to raise demand197
FIGURE 68NEW EV INCENTIVE BUDGET IN SOUTH KOREA197
TABLE 123SOUTH KOREA: PASSENGER CAR ELECTRIC VEHICLE MARKET,
BY PROPULSION TYPE, 2018–2021 (THOUSAND UNITS)198
TABLE 124SOUTH KOREA: PASSENGER CAR ELECTRIC VEHICLE MARKET,
BY PROPULSION TYPE, 2022–2030 (THOUSAND UNITS)198
15.2.5THAILAND199
15.2.5.1New government incentives to encourage EV market199
TABLE 125BESTSELLING EVS IN THAILAND, 2021199
TABLE 126EVS SOLD IN THAILAND AS OF 2022200
TABLE 127THAILAND: PASSENGER CAR ELECTRIC VEHICLE MARKET,
BY PROPULSION TYPE, 2018–2021 (THOUSAND UNITS)201
TABLE 128THAILAND: PASSENGER CAR ELECTRIC VEHICLE MARKET,
BY PROPULSION TYPE, 2022–2030 (THOUSAND UNITS)201
15.2.6INDONESIA201
15.2.6.1Government and OEM support to increase EV demand201
TABLE 129BESTSELLING EVS IN INDONESIA, 2021202
FIGURE 69INDONESIA NICKEL RESERVES202
TABLE 130INDONESIA: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2018–2021 (THOUSAND UNITS)203
TABLE 131INDONESIA: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2022–2030 (THOUSAND UNITS)203
15.2.7MALAYSIA203
15.2.7.1Government plans for subsidies and charging stations to push EV demand203
TABLE 132MALAYSIA: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2018–2021 (THOUSAND UNITS)204
TABLE 133MALAYSIA: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2022–2030 (THOUSAND UNITS)204
15.2.8VIETNAM204
15.2.8.1Vinfast EV expansion to amplify demand204
TABLE 134VIETNAM: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2018–2021 (THOUSAND UNITS)204
TABLE 135VIETNAM: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2022–2030 (THOUSAND UNITS)205
15.3EUROPE205
FIGURE 70NUMBER OF ELECTRIC CAR MODELS OFFERED BY OEMS IN EUROPEAN MARKET206
FIGURE 71EUROPE: GERMANY EXPECTED TO LEAD EV SALES DURING 2022-2030207
TABLE 136EUROPE: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY COUNTRY,
2018–2021 (THOUSAND UNITS)207
TABLE 137EUROPE: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY COUNTRY,
2022–2030 (THOUSAND UNITS)208
15.3.1FRANCE208
15.3.1.1Purchase grants by government to advance market demand208
TABLE 138BESTSELLING EVS IN FRANCE, 2021209
TABLE 139FRANCE: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2018–2021 (THOUSAND UNITS)209
TABLE 140FRANCE: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2022–2030 (THOUSAND UNITS)210
15.3.2GERMANY210
15.3.2.1Rising sales of hybrid vehicles by domestic players to expand demand210
FIGURE 72GERMANY EV ROADMAP211
TABLE 141BESTSELLING EVS IN GERMANY, 2021211
TABLE 142GERMANY: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2018–2021 (THOUSAND UNITS)212
TABLE 143GERMANY: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2022–2030 (THOUSAND UNITS)212
15.3.3NETHERLANDS212
15.3.3.1Government focus on greener vehicles to grow demand212
TABLE 144BESTSELLING EVS IN NETHERLANDS, 2021213
TABLE 145EV FLEET CARS IN NETHERLANDS, 2021213
TABLE 146NETHERLANDS: PASSENGER CAR ELECTRIC VEHICLE MARKET,
BY PROPULSION TYPE, 2018–2021 (THOUSAND UNITS)214
TABLE 147NETHERLANDS: PASSENGER CAR ELECTRIC VEHICLE MARKET,
BY PROPULSION TYPE, 2022–2030 (THOUSAND UNITS)214
15.3.4NORWAY215
15.3.4.1Emergence of e-mobility to uplift demand215
TABLE 148BESTSELLING EVS IN NORWAY, 2021215
TABLE 149NORWAY: PASSENGER CAR ELECTRIC VEHICLE MARKET,
BY PROPULSION TYPE, 2018–2021 (THOUSAND UNITS)216
TABLE 150NORWAY: PASSENGER CAR ELECTRIC VEHICLE MARKET,
BY PROPULSION TYPE, 2022–2030 (THOUSAND UNITS)216
15.3.5SWEDEN216
15.3.5.1Strong existing charging infrastructure to boost demand216
TABLE 151SWEDEN: PASSENGER CAR ELECTRIC VEHICLE MARKET,
BY PROPULSION TYPE, 2018–2021 (THOUSAND UNITS)217
TABLE 152SWEDEN: PASSENGER CAR ELECTRIC VEHICLE MARKET,
BY PROPULSION TYPE, 2022–2030 (THOUSAND UNITS)217
15.3.6UK218
15.3.6.1Investment in ultra-low emission vehicles to elevate demand218
FIGURE 73UK EV ROADMAP218
TABLE 153BESTSELLING EVS IN UK, 2021219
TABLE 154UK: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2018–2021 (THOUSAND UNITS)219
TABLE 155UK: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2022–2030 (THOUSAND UNITS)220
15.3.7DENMARK220
15.3.7.1Government promotion of private infrastructure to boost demand220
TABLE 156DENMARK: PASSENGER CAR ELECTRIC VEHICLE MARKET,
BY PROPULSION TYPE, 2018–2021 (THOUSAND UNITS)220
TABLE 157DENMARK: PASSENGER CAR ELECTRIC VEHICLE MARKET,
BY PROPULSION TYPE, 2022–2030 (THOUSAND UNITS)221
15.3.8AUSTRIA221
15.3.8.1Move towards cleaner vehicles to boost demand221
TABLE 158AUSTRIA: PASSENGER CAR ELECTRIC VEHICLE MARKET,
BY PROPULSION TYPE, 2018–2021 (THOUSAND UNITS)221
TABLE 159AUSTRIA: PASSENGER CAR ELECTRIC VEHICLE MARKET,
BY PROPULSION TYPE, 2022–2030 (THOUSAND UNITS)222
15.3.9SWITZERLAND222
15.3.9.1Expansion of electric vehicle charging infrastructure to scale up domestic market222
TABLE 160SWITZERLAND: PASSENGER CAR ELECTRIC VEHICLE MARKET,
BY PROPULSION TYPE, 2018–2021 (THOUSAND UNITS)222
TABLE 161SWITZERLAND: PASSENGER CAR ELECTRIC VEHICLE MARKET,
BY PROPULSION TYPE, 2022–2030 (THOUSAND UNITS)223
15.3.10SPAIN223
15.3.10.1Increasing investments in FCEVs to build market demand223
TABLE 162SPAIN: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2018–2021 (THOUSAND UNITS)224
TABLE 163SPAIN: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2022–2030 (THOUSAND UNITS)224

15.4NORTH AMERICA225
FIGURE 74NORTH AMERICA EV BATTERY INITIATIVES225
FIGURE 75NORTH AMERICA: PASSENGER CAR ELECTRIC VEHICLE MARKET SNAPSHOT226
TABLE 164NORTH AMERICA: PASSENGER CAR ELECTRIC VEHICLE MARKET,
BY COUNTRY, 2018–2021 (THOUSAND UNITS)226
TABLE 165NORTH AMERICA: PASSENGER CAR ELECTRIC VEHICLE MARKET,
BY COUNTRY, 2022–2030 (THOUSAND UNITS)227
15.4.1CANADA227
15.4.1.1Boom in development of electric vehicle infrastructure to increase demand227
FIGURE 76CANADA EV MARKET DEMAND228
TABLE 166CANADA: PASSENGER CAR ELECTRIC VEHICLE MARKET,
BY PROPULSION TYPE, 2018–2021 (THOUSAND UNITS)229
TABLE 167CANADA: PASSENGER CAR ELECTRIC VEHICLE MARKET,
BY PROPULSION TYPE, 2022–2030 (THOUSAND UNITS)229
15.4.2US229
15.4.2.1Increasing production capacity of electric vehicles to market229
TABLE 168BESTSELLING BEVS IN US, 2021230
FIGURE 77US EV MARKET230
TABLE 169US: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2018–2021 (THOUSAND UNITS)231
TABLE 170US: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2022–2030 (THOUSAND UNITS)231
15.5MIDDLE EAST & AFRICA231
FIGURE 78EGYPT TO BE FASTEST-GROWING MARKET IN MIDDLE EAST & AFRICA232
TABLE 171MIDDLE EAST & AFRICA: PASSENGER CAR ELECTRIC VEHICLE MARKET,
BY COUNTRY, 2018–2021 (THOUSAND UNITS)232
TABLE 172MIDDLE EAST & AFRICA: PASSENGER CAR ELECTRIC VEHICLE MARKET,
BY COUNTRY, 2022–2030 (THOUSAND UNITS)232
15.5.1UAE233
15.5.1.1Government support to increase EV demand in market233
TABLE 173UAE: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2018–2021 (THOUSAND UNITS)233
TABLE 174UAE: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2022–2030 (THOUSAND UNITS)233
15.5.2EGYPT234
15.5.2.1Increasing development in electric vehicle infrastructure to strengthen market demand234
TABLE 175EGYPT: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2018–2021 (THOUSAND UNITS)234
TABLE 176EGYPT: PASSENGER CAR ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, 2022–2030 (THOUSAND UNITS)234
15.5.3SOUTH AFRICA235
15.5.3.1EV imports and popularization of EV charging stations to scale up market235

TABLE 177SOUTH AFRICA: PASSENGER CAR ELECTRIC VEHICLE MARKET,
BY PROPULSION TYPE, 2018–2021 (THOUSAND UNITS)235
TABLE 178SOUTH AFRICA: PASSENGER CAR ELECTRIC VEHICLE MARKET,
BY PROPULSION TYPE, 2022–2030 (THOUSAND UNITS)235
16COMPETITIVE LANDSCAPE236
16.1OVERVIEW236
16.2MARKET SHARE ANALYSIS FOR ELECTRIC VEHICLE MARKET236
TABLE 179MARKET SHARE ANALYSIS, 2021236
FIGURE 79MARKET SHARE ANALYSIS, 2021237
16.3REVENUE ANALYSIS239
FIGURE 80REVENUE ANALYSIS, 2021239
16.4COMPETITIVE SCENARIO239
16.4.1DEALS, 2019-2022240
TABLE 180DEALS, 2019–2022240
16.4.2NEW PRODUCT LAUNCHES, 2019-2022241
TABLE 181NEW PRODUCT LAUNCHES, 2019–2022241
16.4.3OTHERS, 2019–2022242
TABLE 182EXPANSIONS, 2019–2022242
16.5EVALUATION QUADRANT FOR ELECTRIC VEHICLE MARKET244
16.5.1STARS244
16.5.2EMERGING LEADERS244
16.5.3PERVASIVE244
16.5.4EMERGING COMPANIES244
FIGURE 81ELECTRIC VEHICLE MARKET: COMPANY EVALUATION QUADRANT, 2021245
TABLE 183ELECTRIC VEHICLE MARKET: COMPANY FOOTPRINT, 2021246
TABLE 184ELECTRIC VEHICLE MARKET: APPLICATION FOOTPRINT, 2021247
TABLE 185ELECTRIC VEHICLE MARKET: REGIONAL FOOTPRINT, 2021248
16.6COMPETITIVE EVALUATION QUADRANT, SME, AND STARTUPS249
16.6.1PROGRESSIVE COMPANIES249
16.6.2RESPONSIVE COMPANIES249
16.6.3DYNAMIC COMPANIES250
16.6.4STARTING BLOCKS250
FIGURE 82ELECTRIC VEHICLE MARKET: COMPETITIVE LEADERSHIP MAPPING SME, 2021250
FIGURE 83ELECTRIC VEHICLE MARKET: COMPETITIVE LEADERSHIP MAPPING STARTUPS, 2021251
TABLE 186ELECTRIC VEHICLE MARKET: DETAILED LIST OF KEY STARTUPS252
16.7RIGHT TO WIN, 2018-2021253
TABLE

Report Title: Electric Vehicle Market by Component, Vehicle Type, Vehicle Class, Propulsion (BEV, PHEV, FCEV), Vehicle Drive Type (FWD, RWD, AWD), Vehicle Top Speed (<125 mph, >125 mph), Charging Point Type, Vehicle Connectivity, End Use, Region-Global Forecast 2030


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