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Electric Passenger Vehicles-Global Market Insights and Sales Trends 2024
Synopsis
Passenger vehicles are the most common mode of conveyance in the developed countries and they are increasing in numbers in the developing countries as well due to increasing per capita income.
The global Electric Passenger 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 Electric Passenger Vehicles in various end use industries. The expanding demands from the Tourism, Transportation and Others,, are propelling Electric Passenger Vehicles market. Hybrid Cars, 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 Cars segment is estimated at % CAGR for the next seven-year period.
Growing global pressure on major economies and developing countries to reduce the carbon footprint is one of the primary factors for the adoption of electric vehicles. Rising awareness among the population towards the rising emission from gasoline vehicles and its affect on health and environments are some of the major factors driving the growth of electric passenger vehicle market. Moreover, cost reductions in batteries, favorable policy support, advanced technological progress and developed infrastructure availability propels the growth of global electric vehicles market. Additionally, government campaigns for consumer awareness to inform them about the benefits of electric vehicles and about the incentive programs of the government are also supporting the rising demand for electric passenger vehicles. Robust research and development activities and consumer awareness campaigns will shore up the global electric passenger vehicles market.
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 Electric Passenger 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 Electric Passenger 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 Electric Passenger Vehicles market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electric Passenger 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 Electric Passenger Vehicles covered in this report include Nissan Motor, BMW, General Motors, The Geely Group, Volkswagen, Ford Motors, Mitsubishi, Polaris and Ingersoll Rand, etc.
The global Electric Passenger 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:
Nissan Motor
BMW
General Motors
The Geely Group
Volkswagen
Ford Motors
Mitsubishi
Polaris
Ingersoll Rand
Mercedes-Benz
Global Electric Passenger 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 Electric Passenger Vehicles market, Segment by Type:
Hybrid Cars
Plug-in Hybrid Cars
Battery Electric Vehicles
Global Electric Passenger Vehicles market, by Application
Tourism
Transportation
Others
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 Electric Passenger Vehicles manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electric Passenger 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.
Passenger vehicles are the most common mode of conveyance in the developed countries and they are increasing in numbers in the developing countries as well due to increasing per capita income.
The global Electric Passenger 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 Electric Passenger Vehicles in various end use industries. The expanding demands from the Tourism, Transportation and Others,, are propelling Electric Passenger Vehicles market. Hybrid Cars, 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 Cars segment is estimated at % CAGR for the next seven-year period.
Growing global pressure on major economies and developing countries to reduce the carbon footprint is one of the primary factors for the adoption of electric vehicles. Rising awareness among the population towards the rising emission from gasoline vehicles and its affect on health and environments are some of the major factors driving the growth of electric passenger vehicle market. Moreover, cost reductions in batteries, favorable policy support, advanced technological progress and developed infrastructure availability propels the growth of global electric vehicles market. Additionally, government campaigns for consumer awareness to inform them about the benefits of electric vehicles and about the incentive programs of the government are also supporting the rising demand for electric passenger vehicles. Robust research and development activities and consumer awareness campaigns will shore up the global electric passenger vehicles market.
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 Electric Passenger 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 Electric Passenger 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 Electric Passenger Vehicles market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electric Passenger 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 Electric Passenger Vehicles covered in this report include Nissan Motor, BMW, General Motors, The Geely Group, Volkswagen, Ford Motors, Mitsubishi, Polaris and Ingersoll Rand, etc.
The global Electric Passenger 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:
Nissan Motor
BMW
General Motors
The Geely Group
Volkswagen
Ford Motors
Mitsubishi
Polaris
Ingersoll Rand
Mercedes-Benz
Global Electric Passenger 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 Electric Passenger Vehicles market, Segment by Type:
Hybrid Cars
Plug-in Hybrid Cars
Battery Electric Vehicles
Global Electric Passenger Vehicles market, by Application
Tourism
Transportation
Others
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 Electric Passenger Vehicles manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electric Passenger 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 Electric Passenger Vehicles Market Overview
1.1 Electric Passenger Vehicles Product Overview
1.2 Electric Passenger Vehicles Market Segment by Type
1.2.1 Hybrid Cars
1.2.2 Plug-in Hybrid Cars
1.2.3 Battery Electric Vehicles
1.3 Global Electric Passenger Vehicles Market Size by Type
1.3.1 Global Electric Passenger Vehicles Market Size Overview by Type (2018-2029)
1.3.2 Global Electric Passenger Vehicles Historic Market Size Review by Type (2018-2023)
1.3.3 Global Electric Passenger Vehicles Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Electric Passenger Vehicles Sales Breakdown by Type (2018-2023)
1.4.2 Europe Electric Passenger Vehicles Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Electric Passenger Vehicles Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Electric Passenger Vehicles Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Electric Passenger Vehicles Sales Breakdown by Type (2018-2023)
2 Global Electric Passenger Vehicles Market Competition by Company
2.1 Global Top Players by Electric Passenger Vehicles Sales (2018-2023)
2.2 Global Top Players by Electric Passenger Vehicles Revenue (2018-2023)
2.3 Global Top Players by Electric Passenger Vehicles Price (2018-2023)
2.4 Global Top Manufacturers Electric Passenger Vehicles Manufacturing Base Distribution, Sales Area, Product Type
2.5 Electric Passenger Vehicles Market Competitive Situation and Trends
2.5.1 Electric Passenger Vehicles Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Electric Passenger 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 Electric Passenger Vehicles as of 2022)
2.7 Date of Key Manufacturers Enter into Electric Passenger Vehicles Market
2.8 Key Manufacturers Electric Passenger Vehicles Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Electric Passenger Vehicles Status and Outlook by Region
3.1 Global Electric Passenger Vehicles Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Electric Passenger Vehicles Historic Market Size by Region
3.2.1 Global Electric Passenger Vehicles Sales in Volume by Region (2018-2023)
3.2.2 Global Electric Passenger Vehicles Sales in Value by Region (2018-2023)
3.2.3 Global Electric Passenger Vehicles Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Electric Passenger Vehicles Forecasted Market Size by Region
3.3.1 Global Electric Passenger Vehicles Sales in Volume by Region (2024-2029)
3.3.2 Global Electric Passenger Vehicles Sales in Value by Region (2024-2029)
3.3.3 Global Electric Passenger Vehicles Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Electric Passenger Vehicles by Application
4.1 Electric Passenger Vehicles Market Segment by Application
4.1.1 Tourism
4.1.2 Transportation
4.1.3 Others
4.2 Global Electric Passenger Vehicles Market Size by Application
4.2.1 Global Electric Passenger Vehicles Market Size Overview by Application (2018-2029)
4.2.2 Global Electric Passenger Vehicles Historic Market Size Review by Application (2018-2023)
4.2.3 Global Electric Passenger Vehicles Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Electric Passenger Vehicles Sales Breakdown by Application (2018-2023)
4.3.2 Europe Electric Passenger Vehicles Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Electric Passenger Vehicles Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Electric Passenger Vehicles Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Electric Passenger Vehicles Sales Breakdown by Application (2018-2023)
5 North America Electric Passenger Vehicles by Country
5.1 North America Electric Passenger Vehicles Historic Market Size by Country
5.1.1 North America Electric Passenger Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Electric Passenger Vehicles Sales in Volume by Country (2018-2023)
5.1.3 North America Electric Passenger Vehicles Sales in Value by Country (2018-2023)
5.2 North America Electric Passenger Vehicles Forecasted Market Size by Country
5.2.1 North America Electric Passenger Vehicles Sales in Volume by Country (2024-2029)
5.2.2 North America Electric Passenger Vehicles Sales in Value by Country (2024-2029)
6 Europe Electric Passenger Vehicles by Country
6.1 Europe Electric Passenger Vehicles Historic Market Size by Country
6.1.1 Europe Electric Passenger Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Electric Passenger Vehicles Sales in Volume by Country (2018-2023)
6.1.3 Europe Electric Passenger Vehicles Sales in Value by Country (2018-2023)
6.2 Europe Electric Passenger Vehicles Forecasted Market Size by Country
6.2.1 Europe Electric Passenger Vehicles Sales in Volume by Country (2024-2029)
6.2.2 Europe Electric Passenger Vehicles Sales in Value by Country (2024-2029)
7 Asia-Pacific Electric Passenger Vehicles by Region
7.1 Asia-Pacific Electric Passenger Vehicles Historic Market Size by Region
7.1.1 Asia-Pacific Electric Passenger Vehicles Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Electric Passenger Vehicles Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Electric Passenger Vehicles Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Electric Passenger Vehicles Forecasted Market Size by Region
7.2.1 Asia-Pacific Electric Passenger Vehicles Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Electric Passenger Vehicles Sales in Value by Region (2024-2029)
8 Latin America Electric Passenger Vehicles by Country
8.1 Latin America Electric Passenger Vehicles Historic Market Size by Country
8.1.1 Latin America Electric Passenger Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Electric Passenger Vehicles Sales in Volume by Country (2018-2023)
8.1.3 Latin America Electric Passenger Vehicles Sales in Value by Country (2018-2023)
8.2 Latin America Electric Passenger Vehicles Forecasted Market Size by Country
8.2.1 Latin America Electric Passenger Vehicles Sales in Volume by Country (2024-2029)
8.2.2 Latin America Electric Passenger Vehicles Sales in Value by Country (2024-2029)
9 Middle East and Africa Electric Passenger Vehicles by Country
9.1 Middle East and Africa Electric Passenger Vehicles Historic Market Size by Country
9.1.1 Middle East and Africa Electric Passenger Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Electric Passenger Vehicles Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Electric Passenger Vehicles Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Electric Passenger Vehicles Forecasted Market Size by Country
9.2.1 Middle East and Africa Electric Passenger Vehicles Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Electric Passenger Vehicles Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Nissan Motor
10.1.1 Nissan Motor Company Information
10.1.2 Nissan Motor Introduction and Business Overview
10.1.3 Nissan Motor Electric Passenger Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Nissan Motor Electric Passenger Vehicles Products Offered
10.1.5 Nissan Motor Recent Development
10.2 BMW
10.2.1 BMW Company Information
10.2.2 BMW Introduction and Business Overview
10.2.3 BMW Electric Passenger Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.2.4 BMW Electric Passenger Vehicles Products Offered
10.2.5 BMW 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 Electric Passenger Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.3.4 General Motors Electric Passenger Vehicles Products Offered
10.3.5 General Motors Recent Development
10.4 The Geely Group
10.4.1 The Geely Group Company Information
10.4.2 The Geely Group Introduction and Business Overview
10.4.3 The Geely Group Electric Passenger Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.4.4 The Geely Group Electric Passenger Vehicles Products Offered
10.4.5 The Geely Group Recent Development
10.5 Volkswagen
10.5.1 Volkswagen Company Information
10.5.2 Volkswagen Introduction and Business Overview
10.5.3 Volkswagen Electric Passenger Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Volkswagen Electric Passenger Vehicles Products Offered
10.5.5 Volkswagen Recent Development
10.6 Ford Motors
10.6.1 Ford Motors Company Information
10.6.2 Ford Motors Introduction and Business Overview
10.6.3 Ford Motors Electric Passenger Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Ford Motors Electric Passenger Vehicles Products Offered
10.6.5 Ford Motors Recent Development
10.7 Mitsubishi
10.7.1 Mitsubishi Company Information
10.7.2 Mitsubishi Introduction and Business Overview
10.7.3 Mitsubishi Electric Passenger Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Mitsubishi Electric Passenger Vehicles Products Offered
10.7.5 Mitsubishi Recent Development
10.8 Polaris
10.8.1 Polaris Company Information
10.8.2 Polaris Introduction and Business Overview
10.8.3 Polaris Electric Passenger Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Polaris Electric Passenger Vehicles Products Offered
10.8.5 Polaris Recent Development
10.9 Ingersoll Rand
10.9.1 Ingersoll Rand Company Information
10.9.2 Ingersoll Rand Introduction and Business Overview
10.9.3 Ingersoll Rand Electric Passenger Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Ingersoll Rand Electric Passenger Vehicles Products Offered
10.9.5 Ingersoll Rand Recent Development
10.10 Mercedes-Benz
10.10.1 Mercedes-Benz Company Information
10.10.2 Mercedes-Benz Introduction and Business Overview
10.10.3 Mercedes-Benz Electric Passenger Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Mercedes-Benz Electric Passenger Vehicles Products Offered
10.10.5 Mercedes-Benz Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Electric Passenger 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 Electric Passenger Vehicles Industrial Chain Analysis
11.4 Electric Passenger Vehicles Market Dynamics
11.4.1 Electric Passenger Vehicles Industry Trends
11.4.2 Electric Passenger Vehicles Market Drivers
11.4.3 Electric Passenger Vehicles Market Challenges
11.4.4 Electric Passenger Vehicles Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Electric Passenger Vehicles Distributors
12.3 Electric Passenger 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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