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
Key Drivers:
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)
Drivers:
Restraints:
Opportunities:
Challenges:
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: General Motors
Rivian
Faraday Future
Fisker
Alcraft Motor Company
Byton
Kia Motors
BAIC Motor
Chery
SAIC Motor
JAC
Zotye
Geely
Top Segment by Propulsion Type: BEV
PHEV
FCEV
BEV segment currently dominates the market; FCEV to register the highest growth rate
Mid-priced segment to hold the largest market share throughput the forecast period; the segment would also register higher growth rate when compared to luxury electric vehicles
Passenger cars is the most lucrative segment for electric vehicles and would continue to hold largest share throughout the forecast period
The Electric Vehicle Market is projected to reach 26,951,318 units by 2030 from an estimated 3,269,671 units in 2019, at a CAGR of 21.1% during the forecast period. The base year for the report is 2018, and the forecast period is from 2019 to 2030. 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).