Title: Electric Vehicle Market Growth, Industry Trends, and Statistics by 2030
Headings: Electric Vehicle Market
Electric Vehicle Market
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Electric Vehicle Market by Vehicle (Passenger Cars & Commercial Vehicles), Vehicle Class (Mid-priced & Luxury), Propulsion (BEV, PHEV & FCEV), EV Sales (OEMs/Models) Charging Station (Normal & Super) & Region - Global Forecast to 2030
Electric Vehicles Market
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Key Restraints:
Top 10 Players:
Other Players:
Top Segment by Propulsion Type:
Mid-Priced vehicle segment are expected to grow at highest CAGR rate
Increasing adoption of electric buses likely to propel the growth of commercial vehicles during the forecast period
Electric Vehicle market, by Region (units)
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Scope of the Report
Based on vehicle type, the market has been segmented as follows:
Based on Propulsion type, the market has been segmented as follows:
Based on components (qualitative), the market has been segmented as follows:
Based on the charging station type, the market has been segmented as follows:
Based on vehicle class, the market has been segmented as follows:
Based on power output, the market has been segmented as follows:
Based on the region, the market has been segmented as follows:
Key Market Players
Key questions answered
Available Customizations
Company Information
Get in-depth analysis of the COVID-19 impact on the Electric Vehicle Market

Content: The electric vehicles market has witnessed rapid evolution with the ongoing developments in automotive sector. Favorable government policies and support in terms of subsidies and grants, tax rebates and other non-financial benefits in the form of car pool lane access, and new car registration (specifically in China where ICE engine new car registration are banned in some urban areas) the increasing vehicle range, better availability of charging infrastructure and proactive participation by automotive OEMs would drive the global electric vehicle sales. In addition, the growing sensitivity of various governments toward a cleaner environment has increased the demand for zero-emission vehicles. Developed nations such as the US, Germany, and the UK are actively promoting the use of electric vehicles to reduce emissions, which has resulted in the growth of electric vehicle sales. The electric vehicle market is dominated by globally established players such as Tesla (US), BYD (China), BMW (Germany), Volkswagen (Germany), and Nissan (Japan). These companies developed new products, adopted expansion strategies, and undertook collaborations, partnerships, and mergers & acquisitions to gain traction in this high-growth electric vehicle market. Mid-Priced vehicle segment are expected to grow at highest CAGR rate
The future of EVs is expected to be bright and with time the price of batteries, one of the most vital components in an EV, is reducing significantly which would make EVs more affordable. Mid-Priced vehicle class has limited features with less emphasis on features like infotainment, instrument cluster, and other expensive features. China is one of the leading countries for the mid-priced segment. Companies such as BYD, Smart, and Great Wall Motors are manufacturing comparatively less expensive vehicles.