Market Overview

Electric Vehicle Market - Global Forecast to 2025: Market is Dominated by Tesla, Nissan, BYD, BMW and Volkswagen

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Electric Vehicle Market - Global Forecast to 2025: Market is Dominated by Tesla, Nissan, BYD, BMW and Volkswagen

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DUBLIN, June 25, 2018 /PRNewswire/ --

The "Electric Vehicle Market by Propulsion (BEV, PHEV, FCEV), Vehicle, Charging Station (Normal, Super, Inductive), Charging Infrastructure (Normal, Type-2-AC, CHAdeMO, CCS, Tesla SC), Power Output, Installation & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

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The global electric vehicle sales is projected to grow at a CAGR of 32.57% during the forecast period, to reach 10.79 million units by 2025, from an estimated 1.50 million units in 2018.

Government support in the form of subsidies, grants, and tax rebates, improving charging infrastructure, increasing vehicle range, and reducing Electric Vehicle battery cost has resulted in the sales growth of electric vehicles globally.

The FCEV segment (zero-emission vehicles) is set to register the highest growth rate in the EV market followed by BEVs and PHEVs, because of the availability of better subsidies and support from governments. Increasing vehicle range and improving charging infrastructure have fueled the demand for BEVs. Nissan Leaf and Tesla Model S were the most successful and highest selling BEV models in 2016.

The growth of BEV sales is projected to continue during the forecast period because of decreasing battery prices, increasing environmental awareness among consumers, and decreasing charging time. It has been projected that the invention of super-fast chargers would enable EV to be fully charged in less than an hour.

An electric passenger car is the largest segment in the global electric vehicle market. The growth can be attributed to the growing demand for fuel-efficient vehicles, increasing environmental awareness among consumers, and competitive pricing in comparison to the ICE passenger cars. The increasing support from governments in China, Japan France, Norway, and the US, and the OEM's efforts to improve the existing EV models would drive the sales of electric vehicle passenger cars during the forecast period. Major OEMs have also announced the launch of the EV variants of their most successful IC (internal combustion) engine models.

Asia Pacific is the largest market for automotive EVs. China is the largest market because of the government support and the availability of strong charging infrastructure. The alarming pollution levels in these countries have forced their governments to announce various kinds of financial and nonfinancial benefits to promote the sales of EVs.

The major restraints considered in the study include the poor charging infrastructure, limited vehicle range, and the short lifespan of the EV battery, which restricts the sales of electric vehicles.

Government support is considered to be the most crucial factor affecting the EV sales as the availability of subsidies, grants, and tax rebates help in pricing EV cars competitively as compared to ICE cars.

The global electric vehicle market is dominated by major players such as Tesla (US), Nissan Motor Corporation (Japan), BYD (China), BMW (Germany), and Volkswagen (Germany).

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.3 Primary Data
2.4 Market Size Estimation
2.5 Market Breakdown and Data Triangulation
2.6 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Electric Vehicle Market
4.2 Electric Vehicle Market, By Region
4.3 Electric Vehicle Market, By Propulsion Type
4.4 Electric Vehicle Market, By Vehicle Type
4.5 Electric Vehicle Charging Stations Market, By Charging Station Type
4.6 Electric Vehicle Charging Stations Market, By Power Output Type
4.7 Electric Vehicle Charging Stations Market, By Installation Type
4.8 Electric Vehicle Charging Stations Market, By Charging Infrastructure Type

5 Market Overview
5.1 Introduction
5.2 Upcoming Electric Vehicle Models
5.3 Europe Passenger Car Market Share Analysis
5.3.1 BEV
5.3.2 PHEV
5.4 EV Model Wise Sales Analysis 2017
5.4.1 Norway
5.4.1.1 BEV
5.4.1.2 PHEV
5.4.2 Iceland
5.4.2.1 BEV
5.4.2.2 PHEV
5.4.3 Sweden
5.4.3.1 BEV
5.4.3.2 PHEV
5.4.4 Finland
5.4.4.1 BEV
5.4.4.2 PHEV
5.4.5 Netherlands
5.4.5.1 BEV
5.4.5.2 PHEV
5.5 Market Dynamics
5.5.1 Drivers
5.5.1.1 Favorable Government Policies and Subsidies
5.5.1.2 Heavy Investments From Automakers in EVs
5.5.1.3 Growing Concern About Environmental Pollution
5.5.1.4 Increased Vehicle Range Per Charge
5.5.2 Restraints
5.5.2.1 Lack of Standardization
5.5.3 Opportunities
5.5.3.1 Use of Vehicle-To-Grid (V2G) EV Charging Stations for Electric Vehicles
5.5.3.2 EV Charging Stations Powered By Solar Panels
5.5.4 Challenges
5.5.4.1 High Cost of EVs in Comparison With Ice Vehicles
5.5.4.2 Stringent Rules for Installation of Charging Stations
5.5.4.3 Small Distance Covered By EVs

6 Electric Vehicle Market, By Government Regulations

7 Electric Vehicle Market - Industry Trends
7.1 Electric Taxi
7.2 Robo-Taxi
7.3 Light Electric Vehicle
7.4 Battery Swapping
7.5 Electric Autonomous Vehicles

8 Electric Vehicle Market, By Future Technology
9.1 Introduction
9.2 Electric Vehicle Battery Cost, 2016-2025
9.3 Electric Vehicle Range
9.4 Electric Vehicle Battery Charging Time

10 Electric Vehicle Market, By Component
10.1 Introduction
10.2 EV Battery Cells & Packs
10.3 On-Board Charger
10.4 Infotainment System
10.5 Instrument Cluster

11 Electric Vehicle Market, By Propulsion Type
11.1 Introduction
11.2 Battery Electric Vehicle (BEV)
11.3 Fuel Cell Electric Vehicle (FCEV)
11.4 Plug-In Hybrid Electric Vehicle (PHEV)
11.5 Hybrid Electric Vehicle (HEV)

12 Electric Vehicle Market, By Vehicle-To-Grid Technology
12.1 Introduction

13 Electric Vehicle Market, By Vehicle Type
13.1 Introduction
13.2 Passenger Cars (PC)
13.3 Commercial Vehicles (CV)

14 Electric Vehicle Charging Stations Market, By Charging Station Type
14.1 Introduction
14.2 Normal Charging
14.3 Super Charging
14.4 Inductive Charging (Wireless Charging)

15 Electric Vehicle Charging Stations Market, By Charging Infrastructure Type
15.1 Introduction
15.2 Normal Charge
15.3 CCS
15.4 Chademo
15.5 Tesla Supercharger
15.6 Type-2 (Iec 62196)

16 Electric Vehicle Charging Stations Market, By Power Output Type
16.1 Introduction
16.2 Level 1
16.3 Level 2
16.4 Level 3

17 Electric Vehicle Charging Stations Market, By Installation Type
17.1 Introduction
17.2 Commercial
17.3 Residential

18 Electric Vehicle Market, By Region

19 Competitive Landscape
19.1 Overview
19.2 Competitive Situation & Trends
19.2.1 New Product Developments
19.2.2 Collaborations/Joint Ventures/Supply Contracts/Partnerships/Agreements
19.2.3 Expansions, 2016-2018
19.2.4 Mergers & Acquisitions, 2017

20 Company Profiles

  • ABB
  • AVL
  • Alfen
  • Automotive Energy Supply Corporation
  • BMW
  • BYD Auto
  • Blink Charging
  • Chargepoint
  • Continental
  • Daimler
  • Eaton
  • Evgo
  • Ford
  • General Motors
  • Honda
  • Hyundai
  • Mitsubishi Electric
  • Nissan Motor
  • Panasonic
  • Samsung Sdi
  • Schaeffler
  • Tesla
  • Toyota
  • Volkswagen
  • Volvo
  • ZF

For more information about this report visit https://www.researchandmarkets.com/research/dxnmb2/electric_vehicle?w=5

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