Global Market Study on Electric Vehicles

Dec 2016| PMR103A| Persistence Market Research

Report Highlights

Persistence Market Research has recently published a report titled “Electric Vehicles Market: Global Industry Analysis and Forecast, 2016–2030” offering structured insights and in-depth research on the growing electric vehicles market on a worldwide scale. The report study covers the most prominent factors driving the growth of electric vehicles, provides potential opportunities for the manufacturers to harness its growth, changing trends and developments shaping the dynamics of the market and relevant insights covering important key segments.

Prominent strategy adopted by major electric vehicles manufacturers is by leveraging on the disadvantages caused by conventional vehicles thereby using it as a medium to aggressively advertise the electric vehicles as the vehicles of the future to the customers. The market is categorically divided into six segments based on Technology, Power Source, Vehicle Type, Powertrain and Region. The market value of electric vehicles is presented in terms of US$ Mn across all the segments. However, from the perspective of powertrain segment, it does not represent the overall market numbers i.e., market volume and market value, owing to the fact that the battery powered electric vehicles do not require the capabilities of a powertrain, which is usually limited to vehicles that have both the internal combustion engine and electric motor to run the wheels. This holds true for all the regions as well. The report also presents important drivers as well as roadblocks affecting the market growth over the forecast period. Ever changing trends and buying patterns of the customers are also taken into account and scrutinized, which is thus integrated in the study to provide the client with relevant comprehensive information about the dynamics of the market leading to better decision making of the client. Other important parameters such as macrocosmic factors, comparative study between the conventional vehicles & electric vehicles, regulations affecting its usage in prominent regions and forecasting factors are also added in the report to provide more value-added intelligence to the client.

The market segmentation presented in this report study is given below:

By Technology

By Power Source

By Vehicle Type

By Powertrain

By Region

Hybrid Electric Vehicles
Plug-In Hybrid Electric Vehicles
 Battery Electric Vehicles
Stored Electricity
On Board Electric Generator
Passenger Cars
Commercial Vehicles
Two Wheelers
Others (Golf Cart etc.)
Series Hybrid
Parallel Hybrid
Combined Hybrid
Asia Pacific (APAC)
Europe
North America
Latin America
Middle East & Africa (MEA)
Research Methodology

Both the production and sales statistics of electric vehicles on a yearly basis are taken into consideration for the purpose of research on the market, however, for the calculation of market volume per year, only sales statistics of electric vehicles are taken into account. The market volume based on the sales of electric vehicles are inferred through the secondary sources and confirmed through primary respondents to achieve a near accurate count. Average selling prices of electric vehicles in different regions is incorporated only in the vehicle type segment, which is used to calculate the total market value.

The electric vehicles market is forecasted for a period of 15 years taking 2015 as the base year for the market numbers calculation and forecasted till 2030. The current size of the market, as well as the information obtained from the supply and demand side and sales pattern of electric vehicles provided by the dealers shaping the market.

The forecasts incorporated in the report is presented in terms of Compound Annual Growth Rate or CAGR, while other decisive parameters namely year-on-year growth and absolute dollar opportunity are also included in the report to present the client with clearer insights and extensive knowledge on the aforementioned market.

Last but not the least, essential parameters such as market attractive index and impact analysis of the drivers and restraints for all the regions are presented in the report providing insights about the dynamics, growth, performance and untapped opportunities in the electric vehicles market. Exhaustive profiling of prominent electric vehicles manufacturers is included in the concluding section of the report detailing the strengths, weaknesses and competitive strategies of each manufacturers.

Analyst’s View

Infrastructure starved market:

The global electric vehicles market is presently devoid of proper structure. The massive absence of infrastructure is fracturing the normal surge of the market. Developing economies around the globe such as India and China still lack a proper framework that can expedite the expansion of the market. Public awareness about electric vehicles are also minimal amongst a large chunk of the population present in the developing nations of the globe. A rise in awareness along with reduction of prices of electric vehicles will curate the destiny of the market.

Baby boomers to cement the base of the market:

Stricter government regulations to promote the use of electric vehicles and a swelling geriatric population is likely to impact the demography of the global electric vehicles market. Women are also potential buyers of light weight electric vehicles.

  • Table 1 : Global Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast by Technology, 2015�2030
  • Table 2 : Global Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast by Power Source, 2015�2030
  • Table 3 : Global Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast by Vehicle Type, 2015�2030
  • Table 4 : Global Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast by Powertrain, 2015�2030
  • Table 5 : Global Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast by Region, 2015�2030
  • Table 6 : APAC Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast, by Country, 2015�2030
  • Table 7 : APAC Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast, by Technology, 2015�2030
  • Table 8 : APAC Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast, by Power Source, 2015�2030
  • Table 9 : APAC Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast, by Vehicle Type, 2015�2030
  • Table 10 : APAC Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast, by Powertrain, 2015�2030
  • Table 11 : Europe Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast, by Country, 2015�2030
  • Table 12 : Europe Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast, by Technology, 2015�2030
  • Table 13 : Europe Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast, by Power Source, 2015�2030
  • Table 14 : Europe Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast, by Vehicle Type, 2015�2030
  • Table 15 : Europe Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast, by Powertrain, 2015�2030
  • Table 16 : North America Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast, by Country, 2015�2030
  • Table 17 : North America Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast, by Technology, 2015�2030
  • Table 18 : North America Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast, by Power Source,
  • Table 19 : North America Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast, by Vehicle Type,
  • Table 20 : North America Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast, by Powertrain, 2015�2030
  • Table 21 : Latin America Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast, by Country, 2015�2030
  • Table 22 : Latin America Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast, by Technology, 2015�2030
  • Table 23 : Latin America Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast, by Power Source,
  • Table 24 : Latin America Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast, by Vehicle Type,
  • Table 25 : Latin America Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast, by Powertrain, 2015�2030
  • Table 26 : MEA Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast, by Country, 2015�2030
  • Table 27 : MEA Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast, by Technology, 2015�2030
  • Table 28 : MEA Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast, by Power Source, 2015�2030
  • Table 29 : MEA Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast, by Vehicle Type, 2015�2030
  • Table 30 : MEA Electric Vehicles Market Value (US$ Mn) and Volume ('000 Units) Forecast, by Powertrain, 2015�2030
  • Figure 1 : Global Electric Vehicles Market Size Forecast (US$ Mn) & Y-o-Y Growth, 2015�2030
  • Figure 2 : Global Electric Vehicles Market Absolute $ Opportunity, 2016�2030
  • Figure 3 : Product Cost Teardown Analysis of Pure Electric Vehicle
  • Figure 4 : Global GDP Growth Rate vs. Global Electric Vehicles Market Value Y-o-Y Growth, 2015�2030
  • Figure 5 : Global Automobile Production Growth Rate vs. Global Electric Vehicles Market Value Y-o-Y Growth, 2015�2030
  • Figure 6 : Global Vehicle Parc Growth Rate vs. Global Electric Vehicles Market Value Y-o-Y Growth, 2015�2030
  • Figure 7 : Sales Comparative Break-Up between Conventional Vehicles and Electric Vehicles, By Passenger Cars, 2015 & 2030
  • Figure 8 : Sales Comparative Break-Up between Conventional Vehicles and Electric Vehicles, By Commercial Vehicles, 2015 & 2030
  • Figure 9 : Sales Comparative Break-Up between Conventional Vehicles and Electric Vehicles, By Two Wheelers, 2015 & 2030
  • Figure 10 : Sales Comparative Break-Up between Conventional Vehicles and Electric Vehicles, By Others, 2015 & 2030
  • Figure 11 : Global Electric Vehicles Market, BPS Analysis By Technology, 2016 & 2030
  • Figure 12 : Global Electric Vehicles Market, Y-o-Y Growth Comparison by Technology, 2016�2030
  • Figure 13 : Global Electric Vehicles Market Absolute $ Opportunity by Hybrid Electric Vehicles Segment, 2016�2030
  • Figure 14 : Global Electric Vehicles Market Absolute $ Opportunity by Plug-In Hybrid Electric Vehicles Segment, 2016�2030
  • Figure 15 : Global Electric Vehicles Market Absolute $ Opportunity by Battery Hybrid Electric Vehicles Segment, 2016�2030
  • Figure 16 : Global Electric Vehicles Market Attractiveness Index by Technology, 2016�2030
  • Figure 17 : Global Electric Vehicles Market, BPS Analysis By Power Source, 2016 & 2030
  • Figure 18 : Global Electric Vehicles Market, Y-o-Y Growth Comparison by Power Source, 2016�2030
  • Figure 19 : Global Electric Vehicles Market Absolute $ Opportunity by Stored Electricity Segment, 2016�2030
  • Figure 20 : Global Electric Vehicles Market Absolute $ Opportunity by On Board Electric Generator Segment, 2016�2030
  • Figure 21 : Global Electric Vehicles Market Attractiveness Index by Power Source, 2016�2030
  • Figure 22 : Global Electric Vehicles Market, BPS Analysis By Vehicle Type, 2016 & 2030
  • Figure 23 : Global Electric Vehicles Market, Y-o-Y Growth Comparison by Vehicle Type, 2016�2030
  • Figure 24 : Global Electric Vehicles Market Absolute $ Opportunity by Passenger Cars Segment, 2016�2030
  • Figure 25 : Global Electric Vehicles Market Absolute $ Opportunity by Commercial Vehicles Segment, 2016�2030
  • Figure 26 : Global Electric Vehicles Market Absolute $ Opportunity by Two Wheelers Segment, 2016�2030
  • Figure 27 : Global Electric Vehicles Market Absolute $ Opportunity by Others Segment, 2016�2030
  • Figure 28 : Global Electric Vehicles Market Attractiveness Index by Vehicle Type, 2016�2030
  • Figure 29 : Global Electric Vehicles Market, BPS Analysis By Powertrain, 2016 & 2030
  • Figure 30 : Global Electric Vehicles Market, Y-o-Y Growth Comparison by Powertrain, 2016�2030
  • Figure 31 : Global Electric Vehicles Market Absolute $ Opportunity by Series Hybrid Segment, 2016�2030
  • Figure 32 : Global Electric Vehicles Market Absolute $ Opportunity by Parallel Hybrid Segment, 2016�2030
  • Figure 33 : Global Electric Vehicles Market Absolute $ Opportunity by Combined Hybrid Segment, 2016�2030
  • Figure 34 : Global Electric Vehicles Market Attractiveness Index by Powertrain, 2016�2030
  • Figure 35 : Global Electric Vehicles Market, BPS Analysis By Region, 2016 & 2030
  • Figure 36 : Global Electric Vehicles Market, Y-o-Y Growth Comparison by Region, 2016�2030
  • Figure 37 : APAC Electric Vehicles Market Absolute $ Opportunity, 2016�2030
  • Figure 38 : Europe Electric Vehicles Market Absolute $ Opportunity, 2016�2030
  • Figure 39 : North America Electric Vehicles Market Absolute $ Opportunity, 2015�2030
  • Figure 40 : Latin America Electric Vehicles Market Absolute $ Opportunity, 2015�2030
  • Figure 41 : MEA Electric Vehicles Market Absolute $ Opportunity, 2016�2030
  • Figure 42 : Global Electric Vehicles Market Attractiveness Index by Region, 2016�2030
  • Figure 43 : APAC Electric Vehicles Market, BPS Analysis By Country, 2016 & 2030
  • Figure 44 : APAC Electric Vehicles Market, Y-o-Y Growth Comparison, by Country, 2016�2030
  • Figure 45 : APAC Electric Vehicles Market Attractiveness Index, by Country, 2016�2030
  • Figure 46 : China Electric Vehicles Market Absolute $ Opportunity, 2016-2030
  • Figure 47 : India Electric Vehicles Market Absolute $ Opportunity, 2016-2030
  • Figure 48 : ASEAN Electric Vehicles Market Absolute $ Opportunity,
  • Figure 49 : Japan Electric Vehicles Market Absolute $ Opportunity, 2016-2030
  • Figure 50 : Australia and New Zealand Electric Vehicles Market Absolute $ Opportunity, 2016-2030
  • Figure 51 : Rest of APAC Electric Vehicles Market Absolute $ Opportunity,
  • Figure 52 : APAC Electric Vehicles Market, BPS Analysis By Technology, 2016 & 2030
  • Figure 53 : APAC Electric Vehicles Market Attractiveness Index, by Technology, 2016�2030
  • Figure 54 : APAC Electric Vehicles Market, BPS Analysis By Power Source, 2016 & 2030
  • Figure 55 : APAC Electric Vehicles Market Attractiveness Index, by Power Source, 2016�2030
  • Figure 56 : APAC Electric Vehicles Market, BPS Analysis By Vehicle Type, 2016 & 2030
  • Figure 57 : APAC Electric Vehicles Market Attractiveness Index, by Vehicle Type, 2016�2030
  • Figure 58 : APAC Electric Vehicles Market, BPS Analysis By Powertrain, 2016 & 2030
  • Figure 59 : APAC Electric Vehicles Market Attractiveness Index, by Powertrain, 2016�2030
  • Figure 60 : Europe Electric Vehicles Market, BPS Analysis By Country,
  • Figure 61 : Europe Electric Vehicles Market, Y-o-Y Growth Comparison, by Country, 2016�2030
  • Figure 62 : Europe Electric Vehicles Market Attractiveness Index, by Country, 2016�2030
  • Figure 63 : Germany Electric Vehicles Market Absolute $ Opportunity,
  • Figure 64 : France Electric Vehicles Market Absolute $ Opportunity,
  • Figure 65 : Italy Electric Vehicles Market Absolute $ Opportunity, 2016-2030
  • Figure 66 : Spain Electric Vehicles Market Absolute $ Opportunity, 2016-2030
  • Figure 67 : U.K. Electric Vehicles Market Absolute $ Opportunity, 2016-2030
  • Figure 68 : Poland Electric Vehicles Market Absolute $ Opportunity,
  • Figure 69 : Russia Electric Vehicles Market Absolute $ Opportunity,
  • Figure 70 : BENELUX Electric Vehicles Market Absolute $ Opportunity,
  • Figure 71 : Rest of Europe Electric Vehicles Market Absolute $ Opportunity, 2016-2030
  • Figure 72 : Europe Electric Vehicles Market, BPS Analysis By Technology, 2016 & 2030
  • Figure 73 : Europe Electric Vehicles Market Attractiveness Index, by Technology, 2016�2030
  • Figure 74 : Europe Electric Vehicles Market, BPS Analysis By Power Source, 2016 & 2030
  • Figure 75 : Europe Electric Vehicles Market Attractiveness Index, by Power Source, 2016�2030
  • Figure 76 : Europe Electric Vehicles Market, BPS Analysis By Vehicle Type, 2016 & 2030
  • Figure 77 : Europe Electric Vehicles Market Attractiveness Index, by Vehicle Type, 2016�2030
  • Figure 78 : Europe Electric Vehicles Market, BPS Analysis By Powertrain, 2016 & 2030
  • Figure 79 : Europe Electric Vehicles Market Attractiveness Index, by Powertrain, 2016�2030
  • Figure 80 : North America Electric Vehicles Market, BPS Analysis By Country, 2016 & 2030
  • Figure 81 : North America Electric Vehicles Market, Y-o-Y Growth Comparison, by Country, 2016�2030
  • Figure 82 : North America Electric Vehicles Market Attractiveness Index, by Country, 2016�2030
  • Figure 83 : U.S. Electric Vehicles Market Absolute $ Opportunity, 2016-2030
  • Figure 84 : Canada Electric Vehicles Market Absolute $ Opportunity,
  • Figure 85 : North America Electric Vehicles Market, BPS Analysis By Technology, 2016 & 2030
  • Figure 86 : North America Electric Vehicles Market Attractiveness Index, by Technology, 2016�2030
  • Figure 87 : North America Electric Vehicles Market, BPS Analysis By Power Source, 2016 & 2030
  • Figure 88 : North America Electric Vehicles Market Attractiveness Index, by Power Source, 2016�2030
  • Figure 89 : North America Electric Vehicles Market, BPS Analysis By Vehicle Type, 2016 & 2030
  • Figure 90 : North America Electric Vehicles Market Attractiveness Index, by Vehicle Type, 2016�2030
  • Figure 91 : North America Electric Vehicles Market, BPS Analysis By Powertrain, 2016 & 2030
  • Figure 92 : North America Electric Vehicles Market Attractiveness Index, by Powertrain, 2016�2030
  • Figure 93 : Latin America Electric Vehicles Market, BPS Analysis By Country, 2016 & 2030
  • Figure 94 : Latin America Electric Vehicles Market, Y-o-Y Growth Comparison, by Country, 2016�2030
  • Figure 95 : Latin America Electric Vehicles Market Attractiveness Index, by Country, 2016�2030
  • Figure 96 : Brazil Electric Vehicles Market Absolute $ Opportunity, 2016-2030
  • Figure 97 : Mexico Electric Vehicles Market Absolute $ Opportunity,
  • Figure 98 : Rest of Latin America Electric Vehicles Market Absolute $ Opportunity, 2016-2030
  • Figure 99 : Latin America Electric Vehicles Market, BPS Analysis By Technology, 2016 & 2030
  • Figure 100 : Latin America Electric Vehicles Market Attractiveness Index, by Technology, 2016�2030
  • Figure 101 : Latin America Electric Vehicles Market, BPS Analysis By Power Source, 2016 & 2030
  • Figure 102 : Latin America Electric Vehicles Market Attractiveness Index, by Power Source, 2016�2030
  • Figure 103 : Latin America Electric Vehicles Market, BPS Analysis By Vehicle Type, 2016 & 2030
  • Figure 104 : Latin America Electric Vehicles Market Attractiveness Index, by Vehicle Type, 2016�2030
  • Figure 105 : Latin America Electric Vehicles Market, BPS Analysis By Powertrain, 2016 & 2030
  • Figure 106 : Latin America Electric Vehicles Market Attractiveness Index, by Powertrain, 2016�2030
  • Figure 107 : MEA Electric Vehicles Market, BPS Analysis By Country, 2016 & 2030
  • Figure 108 : MEA Electric Vehicles Market, Y-o-Y Growth Comparison, by Country, 2016�2030
  • Figure 109 : MEA Electric Vehicles Market Attractiveness Index, by Country,
  • Figure 110 : GCC Electric Vehicles Market Absolute $ Opportunity, 2016-2030
  • Figure 111 : Turkey Electric Vehicles Market Absolute $ Opportunity,
  • Figure 112 : Israel Electric Vehicles Market Absolute $ Opportunity, 2016-2030
  • Figure 113 : South Africa Electric Vehicles Market Absolute $ Opportunity,
  • Figure 114 : Rest of MEA Electric Vehicles Market Absolute $ Opportunity,
  • Figure 115 : MEA Electric Vehicles Market, BPS Analysis By Technology, 2016 & 2030
  • Figure 116 : MEA Electric Vehicles Market Attractiveness Index, by Technology, 2016�2030
  • Figure 117 : MEA Electric Vehicles Market, BPS Analysis By Power Source, 2016 & 2030
  • Figure 118 : MEA Electric Vehicles Market Attractiveness Index, by Power Source, 2016�2030
  • Figure 119 : MEA Electric Vehicles Market, BPS Analysis By Vehicle Type,
  • Figure 120 : MEA Electric Vehicles Market Attractiveness Index, by Vehicle Type, 2016�2030
  • Figure 121 : MEA Electric Vehicles Market, BPS Analysis By Powertrain, 2016 & 2030
  • Figure 122 : MEA Electric Vehicles Market Attractiveness Index, by Powertrain, 2016�2030

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