Electric Vehicles and Fuel Cell Vehicles: Global Markets

Report Code: FCB040D

Publish Date: Jan 2020

Publisher: BCC Publishing

Category: Fuel Cell and Battery

Customize This Report

Single User License: $2750

Member Price: FREE

Explore Our Services

Already a member? Login to access this report free.

Report Highlights

The global electric vehicle market should reach $550.4 billion by 2024 from $257.4 billion in 2019 at a compound annual growth rate (CAGR) of 16.4% for the forecast period of 2019 to 2024.

Report Includes

  • 71 data tables and 65 additional tables
  • Descriptive study of the global markets for electric vehicles (EVs) and fuel cell vehicles (FCVs)
  • Data corresponding to market value and unit shipments of commercially viable EVs, including hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and pure battery-powered electric vehicles (BEVs)
  • Summary of details pertaining to power sources that make these vehicles possible, including lead-acid, nickel-metal hydride, lithium-ion batteries, and proton-exchange membrane fuel cells
  • Identification of the companies that are best positioned to meet this demand because of their proprietary technologies, strategic alliances or other advantages
  • Company profiles of leading market participants within the industry, including AC Propulsion, BMW, Eaton Corp., Detroit Electric, General Motors, Hyundai, Kia Motors, Mazda, Nissan Motor Co. and Porsche

Report Scope

After decades of expensive development and false starts, the world is finally ready for EVs. For the purpose of this report, the term “electric vehicles” includes commercial approaches such as pure battery-powered, plug-in hybrid, hybrid internal combustion/battery, range extended, and FCVs, as well as vehicles powered by developmental power sources such as supercapacitors and flywheel. In addition to cars and trucks, this report considers motorcycles/ E-Bikes, scooters, buses, neighborhood EVs, self-driving carts, military vehicles, and locomotives.

This report details actual figures for 2018 and compound annual growth rate (CAGR) projections for 2019 through 2024 for the global and four regional markets. Although this report discusses three future scenarios, pessimistic, consensus and optimistic, forecasts are provided for consensus scenario. Power source sales and values are provided. A patent analysis and discussion of power sources and vehicle components describes the areas in which research is being performed and emphasizes intellectual property issues.

Note that values are expressed in million dollars and shipments are expressed in 1,000 vehicles. In both cases, totals are rounded to the nearest integer (i.e., less than $500,000 is expressed as 0.)

Values are based on the equivalent of wholesale, or the price charged to the retailer prior to mark-up. However, advanced EVs are sold at a price below actual manufacturing cost. This may be due to regulatory compliance or the desire to establish a market before economics of scale kicks in. The cost to consumers may be reduced considerably when government subsidies or possible tax breaks are added to the dealer price.

As defined by BCC Research for this report, EVs and FCVs include the following:

  • HEVs.
  • PHEVs.
  • EVs (pure EVs).

Specific types of vehicles using these batteries include:

  • Passenger vehicles (sedans, microcars, SUVs, crossover SUVs, pickup trucks, sports cars).
  • Low-velocity vehicles (golf carts, neighborhood EVs, personal mobility devices).
  • Scooters (two-wheelers, motorcycles, some three-wheelers).
  • Buses.
  • Commercial/industrial vehicles (material handling equipment, burden carriers, forklifts, trucks).
  • Niche vehicles (self-driving vehicles, military equipment, locomotives).

This report defines the market sectors, identifies leading companies and analyzes the markets to provide a five-year market forecast. Finally, the company profiles section provides the status of and recent events for companies making power sources.

Need a custom data table, graph, region, segment, companies or complete report? CUSTOMIZE NOW

Analyst Credentials

Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.

Let us assist you! Our analysts are ready to tailor this report to your specific need. REACH OUT TO US TODAY

Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Electric Vehicles and Fuel Cell Vehicles: Global Markets269Free
Chapter- 1: Introduction8Free
Chapter- 2: Summary and Highlights3Free
Chapter- 3: Market and Technology Background72Free
Chapter- 4: Market Breakdown by Vehicle Type, Power Source and Configuration35Free
Chapter- 5: Market Breakdown by Power Source12Free
Chapter- 6: Market Breakdown by Configuration11Free
Chapter- 7: Market Breakdown by Region12Free
Chapter- 8: Competitive Landscape13Free
Chapter- 9: Company Profiles89Free
Chapter- 10: Appendix A: Selected Electric Vehicle Power Source Companies13Free
Chapter- 11: Appendix B: Acronyms1Free
Published - Nov-2019| Analyst - BCC Publishing| Code - FCB040C

Report Highlights

The global electric vehicles market reached $94.9 billion in 2019 and should reach $183.7 billion by 2024, at a compound annual growth rate (CAGR) of 14.1% for the period of 2019-2024.

Report Includes

  • 75 data tables and 67 additional tables
  • Descriptive study of the global markets for electric vehicles (EVs) and fuel cell vehicles (FCVs)
  • Analyses of global market trends with data from 2018, estimates for 2019, and projections of compound annual growth rates (CAGRs) through 2024
  • Data corresponding to market value and unit shipments of commercially viable EVs, including hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and pure battery-powered electric vehicles (BEVs)
  • Summary of details pertaining to power sources that make these vehicles possible, including lead-acid, nickel-metal hydride, lithium-ion batteries, and proton-exchange membrane fuel cells
  • Identification of the companies that are best positioned to meet this demand because of their proprietary technologies, strategic alliances or other advantages
  • Company profiles of leading market participants within the industry, including Automotive Fuel Cell Cooperation Corp., Bae Systems, China Motor Corp., Ferrari, General Motors, Harley Davidson, Hyundai Motor, Mitsubishi, Nissan Motor Co., Skoda, Tata Motors, and Yamaha
Published - Jan-2018| Analyst - Donald Saxman| Code - FCB040B

Report Highlights

The global market for electric vehicle (EV) will grow from $75.7 billion in 2017 to around $127.7 billion by 2022 with a compound annual growth rate (CAGR) of 11.0% for the period of 2017-2022.

Report Includes

  • 158 data tables and 69 additional tables
  • An overview of the global market for electric vehicles, including battery-powered vehicles, fuel-cell-powered vehicles, and hybrid vehicles.
  • Analyses of global market trends, with data from 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2022.
  • Details on many types of electric vehicles being considered, including passenger cars, trucks, buses, e-bikes and scooters, motorcycles, and material handling and industrial vehicles.
  • Discussion on the developing EV markets, such as military vehicles, locomotives, marine vehicles, and vehicle auxiliary power units.
  • A summary of the power sources that make these vehicles possible, including lead-acid, nickel-metal hydride, lithium-ion batteries and proton-exchange membrane fuel cells; niche power source possibilities are also considered.
  • Profiles of leading companies in the industry, including: AC Propulsion, AMZ-Kutno, Arcimoto, AstonBus USA, BAE Systems, Bentley Motors Inc., Blue Sky Design LLC, BNSF Railway, Bolloré, Boulder Electric Vehicle, Brammo Inc.
Published - Jan-2015| Analyst - Donald Saxman| Code - FCB040A

Report Highlights

The global electric vehicle (EV) market was worth over $73.0 billion in 2014. This market is expected to reach about $109.8 billion by 2019, with a compound annual growth rate (CAGR) of 8.5% from 2014 to 2019.

Report Includes

  • An overview of the global market for electric vehicles including battery-powered vehicles, fuel cell-powered vehicles, and hybrid vehicles.
  • Analyses of global market trends, with data from 2013 and 2014, and projections of CAGRs through 2019. Both value and units shipped are provided.
  • Details on many types of electric vehicles being considered including passenger cars, trucks, buses, eBikes and scooters, motorcycles, and material handling and industrial vehicles.
  • Discussion on developing EV markets like military vehicles, locomotives, marine vehicles, and vehicle auxiliary power units.
  • A summary of the power sources that make these vehicles possible; power sources considered include lead-acid, nickel metal hydride, lithium-ion batteries and proton exchange membrane fuel cells, and developmental and niche power source possibilities are also considered.
  • Detailed profiles of leading companies in the industry.

Related Reports

Global Electric Vehicle Battery Reuse and Recycling Market

Published - Feb 2022 | Publisher - BCC Publishing | Code - FCB058A

The global market for electric vehicle battery reuse and recycling is estimated to grow from $1.4 billion in 2021 to $8.4 billion by 2026, at a compound annual growth rate (CAGR) of 43.1% during the forecast period of 2021-2026.

Alternatively Powered Commercial Vehicles: Global Fuel Markets

Published - Jul 2021 | Publisher - BCC Publishing | Code - ENV031B

The global market for alternative fuel for all classes of commercial vehicles with oil prices at $40 per barrel should grow from $11.1 billion in 2021 to $19.4 billion by 2026 with a compound annual growth rate (CAGR) of 11.8% for the period of 2021-2026.

Advanced Conductive Agents: Global Markets

Published - Feb 2021 | Publisher - Jason Chen | Code - NAN067A

The global market for conductive agents should increase from $1.3 billion in 2020 to $2.7 billion by 2025, at a compound annual growth rate (CAGR) of 15.3% during the period of 2020-2025.

Metal-organic Frameworks: Global Markets

Published - Sep 2020 | Publisher - Margareth Gagliardi | Code - AVM200A

The global market for metal-organic frameworks should grow from $124 million in 2020 to $578 million by 2025, at compound annual growth rate (CAGR) of 36.1% for the period of 2020-2025.

Recent Reports

E-Bike: Global Markets

Published - Mar 2024 | Publisher - BCC Publishing | Code - FCB065A

The global market for e-bikes is expected to grow from $44.9 billion in 2023 and projected to reach $77.6 billion by the end of 2028, at a compound annual growth rate (CAGR) of 11.6% from 2023 through 2028.

Global Electric Vehicle Insulation Market

Published - Jan 2024 | Publisher - BCC Publishing | Code - FCB064A

The global market for electric vehicle insulation is expected to increase from $3.1 billion in 2023 to $9.1 billion by the end of 2028, with a compound annual growth rate (CAGR) of 24.4% during the forecast period of 2023-2028.

Global Electrical Vehicle Battery Market

Published - Sep 2023 | Publisher - BCC Publishing | Code - FCB063A

The global electric vehicle batteries market should reach $161.3 billion by 2028 from $66.4 billion in 2023 at a compound annual growth rate (CAGR) of 19.4% for the forecast period of 2023 to 2028.

Next-Generation Advanced Batteries: Global Markets

Published - Apr 2023 | Publisher - BCC Publishing | Code - FCB062A

The global next-generation advanced batteries market reached $87.6 million in 2022 and should reach $1.8 billion by 2027, with a compound annual growth rate (CAGR) of 83.5% during the forecast period of 2022-2027.

Wireless Electric Vehicle Chargers: Global Market Outlook

Published - Dec 2022 | Publisher - BCC Publishing | Code - FCB061A

This report analyzes the global and regional global wireless charging market for electric vehicles. Electric vehicles (EVs) include passenger vehicles, scooters, and buses. State-of-the-art batteries have enabled a growing niche market for trucks, buses, and passenger cars. These electric vehicles require a charging infrastructure which is expected to see high growth in the future.

Top Trending Reports

Global Market for Cell and Gene Therapy

Published - Apr 2024 | Publisher - BCC Publishing | Code - BIO225B

The global market for cell and gene therapy is expected to grow from $7.2 billion in 2023 and projected to reach $23.3 billion by the end of 2028, at a compound annual growth rate (CAGR) of 26.4% during the forecast period of 2023 to 2028. 

Peptide Synthesis: Global Markets

Published - May 2024 | Publisher - BCC Publishing | Code - BIO252A

The global market for peptide synthesis is expected to grow from $90.1 billion in 2023 and projected to reach $157.5 billion by the end of 2028, at a compound annual growth rate (CAGR) of 11.8% during the forecast period of 2023 to 2028.

Medical Magnetic Resonance Imaging (MRI): Technologies and Global Markets

Published - May 2024 | Publisher - BCC Publishing | Code - HLC078F

The global market for medical magnetic resonance imaging (MRI) is expected to grow from $7.2 billion in 2023 and projected to reach $9.8 billion by the end of 2028, at a compound annual growth rate (CAGR) of 6.4% during the forecast period of 2023 to 2028.

3D Cell Cultures: Technologies and Global Markets

Published - Mar 2024 | Publisher - BCC Publishing | Code - BIO140D

The global market for 3D cell culture is estimated to increase from $4.6 billion in 2023 to reach $14.8 billion by 2028, at a compound annual growth rate (CAGR) of 26.5% from 2023 through 2028.

Oligonucleotides: Global Markets

Published - Apr 2024 | Publisher - BCC Publishing | Code - BIO220B

The global market for oligonucleotides is expected to grow from $7.0 billion in 2023 and projected to reach $11.7 billion by the end of 2028, at a compound annual growth rate (CAGR) of 11.0% during the forecast period of 2023 to 2028.

Become A Member

BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.

Find Out More

Custom Consulting

BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.

Customize Now

Scorecard

The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.

Find Out More

Innovation Spotlight

Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.

Find Out More
Electric Vehicles and Fuel Cell Vehicles: Global Markets
Customize Report