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Battery Electric Vehicles-Global Market Insights and Sales Trends 2025
Synopsis
A battery electric vehicle (BEV), or all-electric vehicle is a type of electric vehicle (EV) that uses chemical energy stored in rechargeable battery packs. BEVs use electric motors and motor controllers instead of internal combustion engines (ICEs) for propulsion. They derive all power from battery packs and thus have no internal combustion engine, fuel cell, or fuel tank. BEVs include - but are not limited to - motorcycles, bicycles, scooters, skateboards, rail cars, watercraft, forklifts, buses, trucks, and cars.
The global Battery Electric Vehicles market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Battery Electric Vehicles in various end use industries. The expanding demands from the Online Sales and Offline Sales, are propelling Battery Electric Vehicles market. Battery Electric Vehicle (BEV), one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Plug-in Hybrid Electric Vehicle (PHEV) segment is estimated at % CAGR for the next seven-year period.
Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Battery Electric Vehicles, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Battery Electric Vehicles market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Battery Electric Vehicles market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Battery Electric Vehicles sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Battery Electric Vehicles covered in this report include BMW, Daimler, General Motors, Mitsubishi Motors, Nissan Motor, Renault and Tesla Motors, etc.
The global Battery Electric Vehicles market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BMW
Daimler
General Motors
Mitsubishi Motors
Nissan Motor
Renault
Tesla Motors
Global Battery Electric Vehicles market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Battery Electric Vehicles market, Segment by Type:
Battery Electric Vehicle (BEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Global Battery Electric Vehicles market, by Application
Online Sales
Offline Sales
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Battery Electric Vehicles manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Battery Electric Vehicles in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
A battery electric vehicle (BEV), or all-electric vehicle is a type of electric vehicle (EV) that uses chemical energy stored in rechargeable battery packs. BEVs use electric motors and motor controllers instead of internal combustion engines (ICEs) for propulsion. They derive all power from battery packs and thus have no internal combustion engine, fuel cell, or fuel tank. BEVs include - but are not limited to - motorcycles, bicycles, scooters, skateboards, rail cars, watercraft, forklifts, buses, trucks, and cars.
The global Battery Electric Vehicles market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Battery Electric Vehicles in various end use industries. The expanding demands from the Online Sales and Offline Sales, are propelling Battery Electric Vehicles market. Battery Electric Vehicle (BEV), one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Plug-in Hybrid Electric Vehicle (PHEV) segment is estimated at % CAGR for the next seven-year period.
Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Battery Electric Vehicles, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Battery Electric Vehicles market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Battery Electric Vehicles market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Battery Electric Vehicles sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Battery Electric Vehicles covered in this report include BMW, Daimler, General Motors, Mitsubishi Motors, Nissan Motor, Renault and Tesla Motors, etc.
The global Battery Electric Vehicles market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BMW
Daimler
General Motors
Mitsubishi Motors
Nissan Motor
Renault
Tesla Motors
Global Battery Electric Vehicles market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Battery Electric Vehicles market, Segment by Type:
Battery Electric Vehicle (BEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Global Battery Electric Vehicles market, by Application
Online Sales
Offline Sales
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Battery Electric Vehicles manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Battery Electric Vehicles in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Battery Electric Vehicles Market Overview
1.1 Battery Electric Vehicles Product Overview
1.2 Battery Electric Vehicles Market Segment by Type
1.2.1 Battery Electric Vehicle (BEV)
1.2.2 Plug-in Hybrid Electric Vehicle (PHEV)
1.3 Global Battery Electric Vehicles Market Size by Type
1.3.1 Global Battery Electric Vehicles Market Size Overview by Type (2018-2029)
1.3.2 Global Battery Electric Vehicles Historic Market Size Review by Type (2018-2023)
1.3.3 Global Battery Electric Vehicles Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Battery Electric Vehicles Sales Breakdown by Type (2018-2023)
1.4.2 Europe Battery Electric Vehicles Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Battery Electric Vehicles Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Battery Electric Vehicles Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Battery Electric Vehicles Sales Breakdown by Type (2018-2023)
2 Global Battery Electric Vehicles Market Competition by Company
2.1 Global Top Players by Battery Electric Vehicles Sales (2018-2023)
2.2 Global Top Players by Battery Electric Vehicles Revenue (2018-2023)
2.3 Global Top Players by Battery Electric Vehicles Price (2018-2023)
2.4 Global Top Manufacturers Battery Electric Vehicles Manufacturing Base Distribution, Sales Area, Product Type
2.5 Battery Electric Vehicles Market Competitive Situation and Trends
2.5.1 Battery Electric Vehicles Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Battery Electric Vehicles Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Battery Electric Vehicles as of 2022)
2.7 Date of Key Manufacturers Enter into Battery Electric Vehicles Market
2.8 Key Manufacturers Battery Electric Vehicles Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Battery Electric Vehicles Status and Outlook by Region
3.1 Global Battery Electric Vehicles Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Battery Electric Vehicles Historic Market Size by Region
3.2.1 Global Battery Electric Vehicles Sales in Volume by Region (2018-2023)
3.2.2 Global Battery Electric Vehicles Sales in Value by Region (2018-2023)
3.2.3 Global Battery Electric Vehicles Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Battery Electric Vehicles Forecasted Market Size by Region
3.3.1 Global Battery Electric Vehicles Sales in Volume by Region (2024-2029)
3.3.2 Global Battery Electric Vehicles Sales in Value by Region (2024-2029)
3.3.3 Global Battery Electric Vehicles Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Battery Electric Vehicles by Application
4.1 Battery Electric Vehicles Market Segment by Application
4.1.1 Online Sales
4.1.2 Offline Sales
4.2 Global Battery Electric Vehicles Market Size by Application
4.2.1 Global Battery Electric Vehicles Market Size Overview by Application (2018-2029)
4.2.2 Global Battery Electric Vehicles Historic Market Size Review by Application (2018-2023)
4.2.3 Global Battery Electric Vehicles Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Battery Electric Vehicles Sales Breakdown by Application (2018-2023)
4.3.2 Europe Battery Electric Vehicles Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Battery Electric Vehicles Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Battery Electric Vehicles Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Battery Electric Vehicles Sales Breakdown by Application (2018-2023)
5 North America Battery Electric Vehicles by Country
5.1 North America Battery Electric Vehicles Historic Market Size by Country
5.1.1 North America Battery Electric Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Battery Electric Vehicles Sales in Volume by Country (2018-2023)
5.1.3 North America Battery Electric Vehicles Sales in Value by Country (2018-2023)
5.2 North America Battery Electric Vehicles Forecasted Market Size by Country
5.2.1 North America Battery Electric Vehicles Sales in Volume by Country (2024-2029)
5.2.2 North America Battery Electric Vehicles Sales in Value by Country (2024-2029)
6 Europe Battery Electric Vehicles by Country
6.1 Europe Battery Electric Vehicles Historic Market Size by Country
6.1.1 Europe Battery Electric Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Battery Electric Vehicles Sales in Volume by Country (2018-2023)
6.1.3 Europe Battery Electric Vehicles Sales in Value by Country (2018-2023)
6.2 Europe Battery Electric Vehicles Forecasted Market Size by Country
6.2.1 Europe Battery Electric Vehicles Sales in Volume by Country (2024-2029)
6.2.2 Europe Battery Electric Vehicles Sales in Value by Country (2024-2029)
7 Asia-Pacific Battery Electric Vehicles by Region
7.1 Asia-Pacific Battery Electric Vehicles Historic Market Size by Region
7.1.1 Asia-Pacific Battery Electric Vehicles Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Battery Electric Vehicles Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Battery Electric Vehicles Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Battery Electric Vehicles Forecasted Market Size by Region
7.2.1 Asia-Pacific Battery Electric Vehicles Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Battery Electric Vehicles Sales in Value by Region (2024-2029)
8 Latin America Battery Electric Vehicles by Country
8.1 Latin America Battery Electric Vehicles Historic Market Size by Country
8.1.1 Latin America Battery Electric Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Battery Electric Vehicles Sales in Volume by Country (2018-2023)
8.1.3 Latin America Battery Electric Vehicles Sales in Value by Country (2018-2023)
8.2 Latin America Battery Electric Vehicles Forecasted Market Size by Country
8.2.1 Latin America Battery Electric Vehicles Sales in Volume by Country (2024-2029)
8.2.2 Latin America Battery Electric Vehicles Sales in Value by Country (2024-2029)
9 Middle East and Africa Battery Electric Vehicles by Country
9.1 Middle East and Africa Battery Electric Vehicles Historic Market Size by Country
9.1.1 Middle East and Africa Battery Electric Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Battery Electric Vehicles Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Battery Electric Vehicles Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Battery Electric Vehicles Forecasted Market Size by Country
9.2.1 Middle East and Africa Battery Electric Vehicles Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Battery Electric Vehicles Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 BMW
10.1.1 BMW Company Information
10.1.2 BMW Introduction and Business Overview
10.1.3 BMW Battery Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.1.4 BMW Battery Electric Vehicles Products Offered
10.1.5 BMW Recent Development
10.2 Daimler
10.2.1 Daimler Company Information
10.2.2 Daimler Introduction and Business Overview
10.2.3 Daimler Battery Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Daimler Battery Electric Vehicles Products Offered
10.2.5 Daimler Recent Development
10.3 General Motors
10.3.1 General Motors Company Information
10.3.2 General Motors Introduction and Business Overview
10.3.3 General Motors Battery Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.3.4 General Motors Battery Electric Vehicles Products Offered
10.3.5 General Motors Recent Development
10.4 Mitsubishi Motors
10.4.1 Mitsubishi Motors Company Information
10.4.2 Mitsubishi Motors Introduction and Business Overview
10.4.3 Mitsubishi Motors Battery Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Mitsubishi Motors Battery Electric Vehicles Products Offered
10.4.5 Mitsubishi Motors Recent Development
10.5 Nissan Motor
10.5.1 Nissan Motor Company Information
10.5.2 Nissan Motor Introduction and Business Overview
10.5.3 Nissan Motor Battery Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Nissan Motor Battery Electric Vehicles Products Offered
10.5.5 Nissan Motor Recent Development
10.6 Renault
10.6.1 Renault Company Information
10.6.2 Renault Introduction and Business Overview
10.6.3 Renault Battery Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Renault Battery Electric Vehicles Products Offered
10.6.5 Renault Recent Development
10.7 Tesla Motors
10.7.1 Tesla Motors Company Information
10.7.2 Tesla Motors Introduction and Business Overview
10.7.3 Tesla Motors Battery Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Tesla Motors Battery Electric Vehicles Products Offered
10.7.5 Tesla Motors Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Battery Electric Vehicles Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Battery Electric Vehicles Industrial Chain Analysis
11.4 Battery Electric Vehicles Market Dynamics
11.4.1 Battery Electric Vehicles Industry Trends
11.4.2 Battery Electric Vehicles Market Drivers
11.4.3 Battery Electric Vehicles Market Challenges
11.4.4 Battery Electric Vehicles Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Battery Electric Vehicles Distributors
12.3 Battery Electric Vehicles Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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