세계의 전기자동차 시장 예측(-2035년) : 차종, 추진, 차량 커넥티비티, 컴포넌트, 최종사용자, PEV 시장, HEV 시장, 지역별

The plug-in electric vehicle market is predicted to grow from USD 698.63 billion in 2025 to USD 1,189.59 billion in 2035, at a CAGR of 5.5%. The hybrid electric vehicle market (HEV+MHEV) is set to grow from USD 446.87 billion in 2025 to USD 667.75 billion in 2035, at a CAGR of 4.1%. The electric vehicle market is set for steady growth, driven by rising demand for battery-powered mobility across passenger and commercial segments.

Key factors include improvements in battery energy density, faster charging capabilities, and enhanced vehicle safety and performance. Government policies, such as Europe's 2035 zero-emission targets and supportive regulations in countries like Germany and Norway, are accelerating adoption despite subsidies in China and the US being phased out. Expansion of charging infrastructure and investments in powertrain efficiency enable longer ranges and lower ownership costs. Consumer interest in EVs is fostering OEM focus on integrating advanced technologies such as improved thermal management systems and software-driven energy optimization, ensuring vehicles are safer, more efficient, and user-friendly. Continuous innovation in vehicle design, software integration, and energy management supports sustained growth in the EV market throughout the forecast period.

"Front-wheel drive type is expected to have the largest growth in the electric vehicle market during the forecast period."

The front-wheel drive (FWD) segment is expected to witness the largest growth in the electric vehicle market over the forecast period, driven by its cost efficiency, practicality, and suitability for urban and high-traffic conditions. FWD systems are simpler and cheaper to produce than RWD or AWD configurations, translating into more affordable EV options for budget-conscious consumers. The lower drivetrain weight improves energy efficiency and range, while the weight distribution over the front axle provides better traction in rainy or snowy conditions, making FWD vehicles appealing in diverse climates. Leading FWD EV models such as Nissan Leaf, Hyundai Kona Electric, Toyota bZ4X, and mini EVs like GW Black Cat, GW White Cat, and GW Good Cat have demonstrated strong market acceptance due to their practicality and cost-effectiveness. Manufacturers have also leveraged FWD architectures by converting existing ICE platforms to EVs, accelerating early adoption. Recent launches, including Hyundai's Kona Electric FWD variant in Thailand in February 2025 with a 450 km range, further reinforce the segment's growth potential. While RWD and AWD continue to see demand in performance and premium models, FWD is expected to dominate due to affordability, efficiency, and suitability for everyday urban mobility.

"400V architecture is expected to hold the largest share in the electric vehicle market during the forecast period."

The 400V electric architecture is expected to hold the largest share in the electric vehicle market over the forecast period, driven by its widespread adoption, cost efficiency, and compatibility with existing charging infrastructure. Most early and mid-range EVs utilize 400V systems due to their balance of performance, moderate charging speeds, and lower production costs compared with higher-voltage architectures. The voltage in these systems ranges between 300V and 500V, depending on factors such as state of charge, temperature, and battery age, offering flexibility while maintaining efficiency. Leading global EV models powered by 400V architecture include Hyundai Kona Electric, Kia Niro EV, Volkswagen ID.4, BMW i4, Mercedes EQE, Kia EV6, Tesla Model 3, and mass-market launches such as Tata Motors' planned 400V EVs on its acti.ev platform. Another example is the Kia EV4, unveiled at Kia's 2025 EV Day, built on the 400V E-GMP platform with battery options offering up to 630 km range and fast 400V charging capabilities. Nissan launched the new LEAF based on a 400V architecture in September 2025. The mature supply chain, high-volume component availability, and lower purchase prices make 400V systems attractive for both OEMs and consumers. While 800V architectures are emerging for high-performance, fast-charging EVs, the combination of cost advantages, established production processes, and broad compatibility ensures that 400V systems will continue to dominate the EV market during the forecast period.

"Europe set to witness a significant growth in the electric vehicle market during the forecast period."

Europe is set to witness notable growth in the electric vehicle market over the forecast period, driven by regulatory mandates, strong OEM commitments, and expanding consumer adoption. Policies such as the EU 2035 zero-emission target for new cars and vans, coupled with stricter CO2 reduction standards for 2030, are accelerating the shift toward fully electric passenger cars and plug-in hybrids. Leading European automakers, including Volkswagen, BMW, Mercedes-Benz, Volvo, and Stellantis, are investing heavily in EV production, software integration, and dedicated charging infrastructure, while introducing models like the VW ID.4, BMW iX, and Mercedes EQC to meet rising consumer demand. The growing adoption of plug-in hybrids supports continued demand for dual powertrain systems, while battery electric vehicles are driving expansion in high-capacity battery packs, thermal management systems, and inverter cooling solutions. In the first half of 2025, BEV registrations in Europe surged 34% year-over-year, reaching 15.6% of market share, with PHEVs accounting for 8.4% of sales. Germany, Belgium, and the Netherlands led this growth, supported by increased charging infrastructure and consumer incentives. At the IAA Mobility auto show in Munich, Chinese luxury automaker Hongqi unveiled the EHS5, a compact electric SUV with a 550 km range and fast charging capability (10% to 80% in 20 minutes), targeting urban and suburban drivers. Europe's strong automotive manufacturing base, combined with investments in localized component production and charging networks, is ensuring supply chain resilience and competitiveness. Regulatory pressure, OEM electrification roadmaps, hybrid adoption, and consumer demand are positioning Europe for sustained growth in the electric vehicle market.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.

• By Company Type: Tier I - 42%, Tier II - 35%, and Tier III - 23%
• By Designation: Directors - 36%, Managers - 43%, and Others - 21%
• By Region: Asia Pacific - 17%, Southeast Asia - 11%, Europe - 28%, North America - 31%, Latin America - 8%, Middle East - 3%, and Africa - 2%

The electric vehicle market is dominated by major players, including BYD Company Ltd. (China), Tesla (US), Zhejiang Geely Holding Group (China), Volkswagen Group (Germany), and General Motors (US). These companies are expanding their portfolios to strengthen their electric vehicle market position.

Research Coverage

The report covers the electric vehicle market in terms of vehicle type (passenger cars and commercial vehicles), propulsion (battery electric vehicle, fuel cell electric vehicle, plug-in hybrid electric vehicle, hybrid electric vehicle, and mild hybrid electric vehicle), by EV architecture (400V and 800V), vehicle top speed (<125 mph and >125 mph), vehicle drive type (front-wheel drive, rear-wheel drive, and all wheel drive), vehicle body type (SUV/MPV, sedan, and hatchback), configuration type (series, parallel, and series-parallel), topology (P0, P1, P2, P3, and P4), vehicle connectivity (V2G, V2H/V2B, and V2L), propulsion & component (BEV components, PHEV components, FCEV components, HEV components, and MHEV components), end use (private and commercial fleets), and region. It covers the competitive landscape and company profiles of the significant electric vehicle market players.

The study also includes an in-depth competitive analysis of the key market players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report

• The report will help market leaders/new entrants with information on the closest approximations of revenue numbers for the electric vehicle market and its subsegments.
• This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies.
• The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
• The report also helps stakeholders understand the current and future pricing trends of the electric vehicle market.
• The report will help market leaders/new entrants with information on various trends in the electric vehicle market based on propulsion, vehicle type, drive type, EV architecture, body type, region, and other parameters.

The report provides insight into the following pointers:

• Analysis of key drivers (policy support for EV adoption, Reduced operating and maintenance costs, Next generation battery innovations, zero tailpipe and vehicle lifecycle emissions, declining costs of EV batteries), restraints (high initial purchase price, capital-intensive charging infrastructure deployment, battery durability and lifecycle management, geopolitical instability and supply chain disruptions), opportunities (accelerated investment in charging infrastructure, innovation in wireless and on-the-move charging, fleet electrification and commercial deployment, expansion of Charging-as-a-Service (CaaS) business model, integration of bidirectional charging and smart parking), and challenges (extended charging duration constraints, fragmented charging standards and infrastructure)
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the electric vehicle market
• Market Development: Comprehensive information about lucrative markets - the report analyses the electric vehicle market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the electric vehicle market
• Competitive Assessment: In-depth assessment of market share, growth strategies, and service offerings of leading players like BYD Company Ltd. (China), Tesla (US), Zhejiang Geely Holding Group (China), Volkswagen Group (Germany), and General Motors (US), among others, in the electric vehicle market

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 STUDY OBJECTIVES
• 1.2 MARKET DEFINITION
• 1.3 STUDY SCOPE
  • 1.3.1 MARKETS COVERED AND REGIONAL SCOPE
  • 1.3.2 INCLUSIONS AND EXCLUSIONS
  • 1.3.3 YEARS CONSIDERED
• 1.4 CURRENCY CONSIDERED
• 1.5 UNIT CONSIDERED
• 1.6 STAKEHOLDERS
• 1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY

• 2.1 RESEARCH DATA
  • 2.1.1 SECONDARY DATA
    • 2.1.1.1 Secondary sources
    • 2.1.1.2 Key data from secondary sources
  • 2.1.2 PRIMARY DATA
    • 2.1.2.1 Primary participants
    • 2.1.2.2 Primary interviews from demand and supply sides
    • 2.1.2.3 Breakdown of primary interviews
• 2.2 MARKET SIZE ESTIMATION
  • 2.2.1 BOTTOM-UP APPROACH
  • 2.2.2 TOP-DOWN APPROACH
• 2.3 DATA TRIANGULATION
• 2.4 FACTOR ANALYSIS
• 2.5 RESEARCH ASSUMPTIONS
• 2.6 RESEARCH LIMITATIONS
• 2.7 RISK ASSESSMENT

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

• 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PLUG-IN ELECTRIC VEHICLE MARKET
• 4.2 ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE
• 4.3 ELECTRIC VEHICLE MARKET, BY PROPULSION
• 4.4 PLUG-IN ELECTRIC VEHICLE MARKET, BY TOP SPEED
• 4.5 PLUG-IN ELECTRIC VEHICLE MARKET, BY DRIVE TYPE
• 4.6 PLUG-IN ELECTRIC VEHICLE MARKET, BY ELECTRIC ARCHITECTURE
• 4.7 PLUG-IN ELECTRIC VEHICLE MARKET, BY VEHICLE BODY TYPE
• 4.8 HYBRID ELECTRIC VEHICLE MARKET, BY CONFIGURATION TYPE
• 4.9 PLUG-IN ELECTRIC VEHICLE MARKET, BY REGION

5 MARKET OVERVIEW

• 5.1 INTRODUCTION
• 5.2 MARKET DYNAMICS
  • 5.2.1 DRIVERS
    • 5.2.1.1 Policy support for electric vehicle adoption
    • 5.2.1.2 Reduced operating and maintenance costs
    • 5.2.1.3 Next-generation battery innovations
    • 5.2.1.4 Zero tailpipe and vehicle lifecycle emissions
    • 5.2.1.5 Declining costs of EV batteries
  • 5.2.2 RESTRAINTS
    • 5.2.2.1 High initial purchase price
    • 5.2.2.2 Capital-intensive charging infrastructure deployment
    • 5.2.2.3 Battery durability and lifecycle management
    • 5.2.2.4 Geopolitical instability and supply chain disruptions
  • 5.2.3 OPPORTUNITIES
    • 5.2.3.1 Accelerated investment in charging infrastructure
    • 5.2.3.2 Innovation in wireless and on-the-move charging
    • 5.2.3.3 Fleet electrification and commercial deployment
    • 5.2.3.4 Expansion of Charging-as-a-Service (CaaS) business model
    • 5.2.3.5 Integration of bidirectional charging and smart parking
  • 5.2.4 CHALLENGES
    • 5.2.4.1 Extended charging duration constraints
    • 5.2.4.2 Fragmented charging standards and infrastructure

6 INDUSTRY TRENDS

• 6.1 REGULATORY LANDSCAPE
  • 6.1.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 6.1.2 ELECTRIC VEHICLE INCENTIVES, BY KEY COUNTRIES
    • 6.1.2.1 Netherlands
    • 6.1.2.2 Germany
    • 6.1.2.3 France
    • 6.1.2.4 UK
    • 6.1.2.5 China
    • 6.1.2.6 US
    • 6.1.2.7 Austria
  • 6.1.3 INDUSTRY STANDARDS
• 6.2 SUSTAINABILITY INITIATIVES
  • 6.2.1 CARBON IMPACT AND ECO-APPLICATIONS OF ELECTRIC VEHICLES
    • 6.2.1.1 Carbon impact reduction
• 6.3 CERTIFICATIONS, LABELING, AND ECO-STANDARDS
• 6.4 TECHNOLOGY ANALYSIS
  • 6.4.1 KEY EMERGING TECHNOLOGIES
    • 6.4.1.1 Introduction
    • 6.4.1.2 SiC/GaN for power electronics
    • 6.4.1.3 Sodium-ion batteries
    • 6.4.1.4 E-axles and integrated drive units
    • 6.4.1.5 V2X charging
    • 6.4.1.6 V2L
    • 6.4.1.7 Solid-state batteries
  • 6.4.2 COMPLEMENTARY TECHNOLOGIES
    • 6.4.2.1 Battery recycling and 2nd life batteries
    • 6.4.2.2 Internet of Things in electric vehicles
    • 6.4.2.3 Lightweight materials for electric vehicles
  • 6.4.3 ADJACENT TECHNOLOGIES
    • 6.4.3.1 Smart grids and microgrids
    • 6.4.3.2 Energy storage systems (ESS) for grid balancing
• 6.5 TECHNOLOGY/PRODUCT ROADMAP
• 6.6 PATENT ANALYSIS
  • 6.6.1 INTRODUCTION
  • 6.6.2 METHODOLOGY
  • 6.6.3 DOCUMENT TYPE
  • 6.6.4 INSIGHTS
  • 6.6.5 LEGAL STATUS OF PATENTS
  • 6.6.6 JURISDICTION ANALYSIS
  • 6.6.7 TOP APPLICANTS
  • 6.6.8 LIST OF PATENTS
• 6.7 FUTURE APPLICATIONS
• 6.8 IMPACT OF AI/GEN AI ON ELECTRIC VEHICLE MARKET
  • 6.8.1 TOP IN-VEHICLE USE CASES AND MARKET POTENTIAL
  • 6.8.2 TOP MANUFACTURING USE CASES AND MARKET POTENTIAL
  • 6.8.3 BEST PRACTICES IN ELECTRIC VEHICLE DEVELOPMENT
  • 6.8.4 CASE STUDIES OF AI IMPLEMENTATION IN ELECTRIC VEHICLE MARKET
  • 6.8.5 INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS
  • 6.8.6 CLIENTS' READINESS TO ADOPT GENERATIVE AI IN ELECTRIC VEHICLE MARKET
• 6.9 SUCCESS STORIES AND REAL-WORLD APPLICATIONS
  • 6.9.1 RIVIAN: AI FOR PREDICTIVE MAINTENANCE
  • 6.9.2 BMW GROUP: GEN AI IN PURCHASING AND DIGITAL EXPERIENCE
  • 6.9.3 VOLKSWAGEN GROUP: GEN AI AND CONNECTED VEHICLE ECOSYSTEMS
• 6.10 DECISION-MAKING PROCESS FOR INVESTMENT IN EV MARKET
• 6.11 KEY STAKEHOLDERS IN BUYING CRITERIA
  • 6.11.1 KEY STAKEHOLDERS IN BUYING PROCESS
  • 6.11.2 BUYING CRITERIA
• 6.12 ADOPTION BARRIERS & INTERNAL CHALLENGES
• 6.13 ECOSYSTEM ANALYSIS
  • 6.13.1 ELECTRIC VEHICLE CHARGING PROVIDERS
  • 6.13.2 ENERGY UTILITY COMPANIES
  • 6.13.3 SOFTWARE PROVIDERS
  • 6.13.4 BATTERY MANUFACTURERS
  • 6.13.5 COMPONENT MANUFACTURERS
  • 6.13.6 OEMS
  • 6.13.7 END USERS
    • 6.13.7.1 Mobility service providers
    • 6.13.7.2 EV fleet operators
• 6.14 SUPPLY CHAIN ANALYSIS
• 6.15 PRICING ANALYSIS
  • 6.15.1 INDICATIVE SELLING PRICE, BY KEY BATTERY ELECTRIC VEHICLE MODELS, 2024
  • 6.15.2 AVERAGE SELLING PRICE TREND OF ELECTRIC PROPULSION, 2022-2024
  • 6.15.3 AVERAGE SELLING PRICE TREND, BY REGION, 2022-2024
• 6.16 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
• 6.17 INVESTMENT AND FUNDING SCENARIO
• 6.18 FUNDING BY USE CASE APPLICATION
• 6.19 KEY CONFERENCES AND EVENTS, 2025-2026
• 6.20 TRADE ANALYSIS
  • 6.20.1 IMPORT SCENARIO (HS CODE 870380)
  • 6.20.2 EXPORT SCENARIO (HS CODE 870380)
• 6.21 CASE STUDY ANALYSIS
  • 6.21.1 ELECTRIC VEHICLE FLEETS FOR PUBLIC SECTOR IN VERMONT, US
  • 6.21.2 FRITO-LAY LOGISTICS FLEET ELECTRIFICATION
  • 6.21.3 NAIROBI'S ELECTRIC TAXI FLEET
  • 6.21.4 NOPIARIDE DC FAST CHARGING HUBS IN KENYA
• 6.22 EXISTING AND UPCOMING ELECTRIC VEHICLE MODELS, 2024-2026
• 6.23 TOTAL COST OF OWNERSHIP
• 6.24 BILL OF MATERIALS ANALYSIS
• 6.25 OEM ELECTROMOBILITY PROGRESS
  • 6.25.1 OEM TARGETS AND INVESTMENTS
  • 6.25.2 REGIONAL PLUG-IN ELECTRIC VEHICLE OEM ANALYSIS
    • 6.25.2.1 Asia Pacific
    • 6.25.2.2 Southeast Asia
    • 6.25.2.3 Europe
    • 6.25.2.4 Latin America
    • 6.25.2.5 North America

7 ELECTRIC VEHICLE MARKET, BY PROPULSION

• 7.1 INTRODUCTION
• 7.2 BEST-SELLING ELECTRIC VEHICLE MODELS, 2024
• 7.3 BATTERY ELECTRIC VEHICLE (BEV)
  • 7.3.1 SHIFT TO ZERO TAILPIPE EMISSION TRANSPORT & GOVERNMENT SUPPORT TO DRIVE MARKET
• 7.4 FUEL CELL ELECTRIC VEHICLE (FCEV)
  • 7.4.1 OEM PLANS TO REDUCE INVESTMENTS TO H2 VEHICLES AND RECENT H2 REFUELING STATION SHUTDOWNS TO REDUCE DEMAND
• 7.5 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV)
  • 7.5.1 REDUCED FUEL CONSUMPTION AND EMISSIONS TO DRIVE MARKET
• 7.6 HYBRID ELECTRIC VEHICLE (HEV)
  • 7.6.1 INCREASED VEHICLE MILEAGE WITH DUAL PROPULSION TO DRIVE MARKET
• 7.7 MILD HYBRID ELECTRIC VEHICLE (MHEV)
  • 7.7.1 LOW-COST ELECTRIFICATION OPTION TO DRIVE MARKET
• 7.8 PRIMARY INSIGHTS

8 ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE

• 8.1 INTRODUCTION
• 8.2 BEST-SELLING ELECTRIC PASSENGER CARS, 2024
• 8.3 PASSENGER CAR
  • 8.3.1 SUPPORTIVE GOVERNMENT REGULATIONS AND SUBSIDIES TO DRIVE MARKET
• 8.4 COMMERCIAL VEHICLE
  • 8.4.1 GROWING FLEET ELECTRIFICATION TO DRIVE MARKET
• 8.5 KEY PRIMARY INSIGHTS

9 ELECTRIC VEHICLE MARKET, BY COMPONENT

• 9.1 INTRODUCTION
• 9.2 BATTERY CELLS AND PACKS
• 9.3 ON-BOARD CHARGERS
• 9.4 MOTORS
• 9.5 POWER CONTROL UNITS
• 9.6 BATTERY MANAGEMENT SYSTEMS
• 9.7 FUEL CELL STACKS
• 9.8 FUEL PROCESSORS
• 9.9 POWER CONDITIONERS
• 9.10 AIR COMPRESSORS
• 9.11 HUMIDIFIERS

10 ELECTRIC VEHICLE MARKET, BY END USE

• 10.1 INTRODUCTION
• 10.2 OPERATIONAL DATA
• 10.3 PRIVATE
• 10.4 COMMERCIAL FLEET

11 ELECTRIC VEHICLE MARKET, BY VEHICLE CONNECTIVITY

• 11.1 INTRODUCTION
• 11.2 VEHICLE-TO-BUILDING (V2B)/VEHICLE TO INFRASTRUCTURE (V2I)
• 11.3 VEHICLE-TO-GRID (V2G)
• 11.4 VEHICLE-TO-VEHICLE (V2V)

12 HYBRID ELECTRIC VEHICLE MARKET, BY CONFIGURATION TYPE

• 12.1 INTRODUCTION
• 12.2 SERIES
  • 12.2.1 RISING DEMAND FOR LOW-EMISSION URBAN TRANSPORT AND DELIVERY FLEETS TO DRIVE MARKET
• 12.3 PARALLEL
  • 12.3.1 LOWER PRODUCTION COSTS AND HIGH EFFICIENCY DURING HIGHWAY CRUISING TO DRIVE MARKET
• 12.4 SERIES-PARALLEL
  • 12.4.1 FLEXIBLE OPERATION THAT SWITCHES POWER MODES TO OPTIMIZE FUEL SAVINGS AND PERFORMANCE TO DRIVE MARKET
• 12.5 PRIMARY INSIGHTS

13 MILD HYBRID ELECTRIC VEHICLE MARKET, BY TOPOLOGY

• 13.1 INTRODUCTION
• 13.2 P0-BELT INTEGRATION
• 13.3 P1 - BETWEEN ENGINE AND TRANSMISSION
• 13.4 P2 - TRANSMISSION-SIDE INTEGRATION (BELT-CONNECTED)
• 13.5 P3 - TRANSMISSION-SIDE INTEGRATION (SHAFT-CONNECTED)
• 13.6 P4 - REAR AXLE INTEGRATION

14 PLUG-IN ELECTRIC VEHICLE MARKET, BY ELECTRIC ARCHITECTURE

• 14.1 INTRODUCTION
• 14.2 VEHICLE MODELS, BY ELECTRIC ARCHITECTURE
• 14.3 400V
  • 14.3.1 COST-EFFECTIVENESS OF 400V ARCHITECTURE TO DRIVE MARKET
• 14.4 800V
  • 14.4.1 RISING DEMAND FOR 350+ KW RAPID CHARGING TO DRIVE MARKET IN LUXURY ELECTRIC VEHICLE SEGMENT
• 14.5 PRIMARY INSIGHTS

15 PLUG-IN ELECTRIC VEHICLE MARKET, BY VEHICLE BODY TYPE

• 15.1 INTRODUCTION
• 15.2 SUV/MPV
  • 15.2.1 CONSUMER DEMAND FOR SPACIOUS, VERSATILE VEHICLES WITH LARGE CARGO AREA TO DRIVE MARKET
• 15.3 SEDAN
  • 15.3.1 BALANCE OF EFFICIENCY, COMFORT, AND PERFORMANCE FOR URBAN AND LONG-DISTANCE COMMUTING TO DRIVE DEMAND
• 15.4 HATCHBACK
  • 15.4.1 AFFORDABILITY, COMPACT SIZE, AND HIGH ENERGY EFFICIENCY TO DRIVE MARKET
• 15.5 PRIMARY INSIGHTS

16 PLUG-IN ELECTRIC VEHICLE MARKET, BY VEHICLE DRIVE TYPE

• 16.1 INTRODUCTION
• 16.2 POPULAR ELECTRIC VEHICLE MODELS, BY DRIVE TYPE
• 16.3 FRONT-WHEEL DRIVE (FWD)
  • 16.3.1 LOWER PRODUCTION AND MAINTENANCE COSTS TO DRIVE MARKET
• 16.4 REAR-WHEEL DRIVE (RWD)
  • 16.4.1 ENHANCED WEIGHT DISTRIBUTION IMPROVES VEHICLE BALANCE, ATTRACTING PERFORMANCE-FOCUSED CONSUMERS
• 16.5 ALL WHEEL DRIVE (AWD)
  • 16.5.1 MULTI-MOTOR CONFIGURATIONS ENABLING RAPID ACCELERATION AND HIGH-SPEED CAPABILITIES TO DRIVE MARKET
• 16.6 PRIMARY INSIGHTS

17 PLUG-IN ELECTRIC VEHICLE MARKET, BY VEHICLE TOP SPEED

• 17.1 INTRODUCTION
• 17.2 ACCELERATION AND TOP SPEED BENCHMARKING OF KEY EV MODELS
• 17.3 <110 MPH
  • 17.3.1 URBAN COMMUTING AND INCREASED USE OF ELECTRIC VEHICLES IN DELIVERY FLEETS TO DRIVE MARKET
• 17.4 >110 MPH
  • 17.4.1 RISING DEMAND FOR LUXURY AND HIGH-PERFORMANCE ELECTRIC VEHICLES TO DRIVE MARKET
• 17.5 PRIMARY INSIGHTS

18 ELECTRIC VEHICLE MARKET, BY REGION

• 18.1 INTRODUCTION
• 18.2 ASIA PACIFIC
  • 18.2.1 MACROECONOMIC OUTLOOK
  • 18.2.2 CHINA
    • 18.2.2.1 Dominant domestic EV supply chain to drive market
  • 18.2.3 INDIA
    • 18.2.3.1 Domestic OEM push for EV innovation and localized manufacturing to drive market
  • 18.2.4 JAPAN
    • 18.2.4.1 Growing preference for dual-propulsion vehicles to drive market
  • 18.2.5 SOUTH KOREA
    • 18.2.5.1 Government incentives and OEM EV targets to drive market
• 18.3 SOUTHEAST ASIA
  • 18.3.1 MACROECONOMIC OUTLOOK
  • 18.3.2 THAILAND
    • 18.3.2.1 Government plans for 30% EVs by 2030 and growing presence of Chinese budget EVs to drive market
  • 18.3.3 INDONESIA
    • 18.3.3.1 Government support for domestic EV manufacturing to drive demand
  • 18.3.4 MALAYSIA
    • 18.3.4.1 National Green Technology Policy to drive market
  • 18.3.5 VIETNAM
    • 18.3.5.1 Strong government support and growing demand for Vinfast to drive market
  • 18.3.6 SINGAPORE
    • 18.3.6.1 Surge in electric fleets to drive market
  • 18.3.7 PHILIPPINES
    • 18.3.7.1 Urbanization and financing trends to drive market
  • 18.3.8 AUSTRALIA
    • 18.3.8.1 Government support and setting of charging stations to drive demand
• 18.4 NORTH AMERICA
  • 18.4.1 MACROECONOMIC OUTLOOK
  • 18.4.2 US
    • 18.4.2.1 Support for local manufacturing of EVs to drive market
  • 18.4.3 CANADA
    • 18.4.3.1 Government support for clean transportation and zero tailpipe emissions to drive market
  • 18.4.4 MEXICO
    • 18.4.4.1 Growing setup of Chinese EVs to drive market
• 18.5 EUROPE
  • 18.5.1 MACROECONOMIC OUTLOOK
  • 18.5.2 GERMANY
    • 18.5.2.1 Strong domestic OEM investment in vehicle electrification to drive market
  • 18.5.3 FRANCE
    • 18.5.3.1 Government subsidies and strong domestic OEM EV offerings to drive market
  • 18.5.4 NETHERLANDS
    • 18.5.4.1 Government incentives and presence of dense supporting infrastructure to drive market
  • 18.5.5 NORWAY
    • 18.5.5.1 High rate of EV adoption and government policy leadership to drive market
  • 18.5.6 SWEDEN
    • 18.5.6.1 Strong government focus for sustainability, tax benefits, and business incentives to drive market
  • 18.5.7 UK
    • 18.5.7.1 ZEV mandates and growing rate of fleet electrification to drive market
  • 18.5.8 DENMARK
    • 18.5.8.1 Tax breaks on EV registrations and substantial investments in public and private charging infrastructure to drive market
  • 18.5.9 AUSTRIA
    • 18.5.9.1 Significant private investment in charging infrastructure and strong government subsidies to drive market
  • 18.5.10 SWITZERLAND
    • 18.5.10.1 High environmental awareness and expanding government incentives to drive market
  • 18.5.11 SPAIN
    • 18.5.11.1 Government incentives and strong infrastructure investments to drive market
  • 18.5.12 RUSSIA
    • 18.5.12.1 Chinese OEM influx to drive market
  • 18.5.13 ITALY
    • 18.5.13.1 Government support through incentives and presence of diverse plug-in and hybrid electric vehicle models to drive market
• 18.6 MIDDLE EAST
  • 18.6.1 MACROECONOMIC OUTLOOK
  • 18.6.2 UAE
    • 18.6.2.1 Policy incentives and growing EV support infrastructure to drive market
  • 18.6.3 SAUDI ARABIA
    • 18.6.3.1 Government targets and support for localized manufacturing to drive market
  • 18.6.4 ISRAEL
    • 18.6.4.1 Strong incentives and rapid new-tech adoption to drive market
• 18.7 LATIN AMERICA
  • 18.7.1 MACROECONOMIC OUTLOOK
  • 18.7.2 BRAZIL
    • 18.7.2.1 Government support for Chinese EV manufacturer setup to drive market
  • 18.7.3 COLOMBIA
    • 18.7.3.1 Increased focus on fleet electrification to drive demand
  • 18.7.4 CHILE
    • 18.7.4.1 Government support for infrastructure development to drive market
  • 18.7.5 URUGUAY
    • 18.7.5.1 Aggressive subsidies and supportive policies to drive market
  • 18.7.6 COSTA RICA
    • 18.7.6.1 Government support for EV adoption to drive market
• 18.8 AFRICA
  • 18.8.1 MACROECONOMIC OUTLOOK
  • 18.8.2 MOROCCO
    • 18.8.2.1 Strong tax breaks and focus on domestic EV manufacturing to drive market
  • 18.8.3 EGYPT
    • 18.8.3.1 Rising urbanization and increase in localized EV assembly to drive market
  • 18.8.4 SOUTH AFRICA
    • 18.8.4.1 Government incentives and domestic automotive sector transition to drive market

19 COMPETITIVE LANDSCAPE

• 19.1 INTRODUCTION
• 19.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, JANUARY 2021-JULY 2025
• 19.3 MARKET SHARE ANALYSIS, 2024
  • 19.3.1 PLUG-IN ELECTRIC VEHICLE MARKET SHARE ANALYSIS, 2024
  • 19.3.2 HYBRID ELECTRIC AND MILD HYBRID VEHICLE MARKET SHARE ANALYSIS, 2024
  • 19.3.3 REGIONAL-LEVEL ELECTRIC VEHICLE MARKET SHARE ANALYSIS
    • 19.3.3.1 Asia Pacific
    • 19.3.3.2 Southeast Asia
    • 19.3.3.3 Europe
    • 19.3.3.4 North America
    • 19.3.3.5 Latin America
• 19.4 REVENUE ANALYSIS, 2020-2024
• 19.5 COMPANY VALUATION AND FINANCIAL METRICS
• 19.6 BRAND/PRODUCT COMPARISON
• 19.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
  • 19.7.1 STARS
  • 19.7.2 EMERGING LEADERS
  • 19.7.3 PERVASIVE PLAYERS
  • 19.7.4 PARTICIPANTS
  • 19.7.5 COMPANY FOOTPRINT
    • 19.7.5.1 Company footprint
    • 19.7.5.2 Region footprint
    • 19.7.5.3 Top speed footprint
    • 19.7.5.4 Vehicle drive type footprint
    • 19.7.5.5 Propulsion footprint
    • 19.7.5.6 Vehicle body type footprint
• 19.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
  • 19.8.1 PROGRESSIVE COMPANIES
  • 19.8.2 RESPONSIVE COMPANIES
  • 19.8.3 DYNAMIC COMPANIES
  • 19.8.4 STARTING BLOCKS
  • 19.8.5 COMPETITIVE BENCHMARKING
    • 19.8.5.1 List of startups/SMEs
    • 19.8.5.2 Competitive benchmarking of startups/SMEs
• 19.9 COMPETITIVE SCENARIO
  • 19.9.1 PRODUCT LAUNCHES
  • 19.9.2 DEALS
  • 19.9.3 EXPANSIONS
  • 19.9.4 OTHER DEVELOPMENTS

20 COMPANY PROFILES

• 20.1 KEY PLAYERS
  • 20.1.1 BYD COMPANY LTD.
    • 20.1.1.1 Business overview
    • 20.1.1.2 Products/Solutions offered
    • 20.1.1.3 Recent developments
      • 20.1.1.3.1 Product launches/developments
      • 20.1.1.3.2 Deals
      • 20.1.1.3.3 Expansions
      • 20.1.1.3.4 Other developments
    • 20.1.1.4 MnM view
      • 20.1.1.4.1 Right to win
      • 20.1.1.4.2 Strategic choices
      • 20.1.1.4.3 Weaknesses and competitive threats
  • 20.1.2 TESLA
    • 20.1.2.1 Business overview
    • 20.1.2.2 Products/Solutions offered
    • 20.1.2.3 Recent developments
      • 20.1.2.3.1 Product launches/developments/upgrades
      • 20.1.2.3.2 Deals
      • 20.1.2.3.3 Expansions
      • 20.1.2.3.4 Other developments
    • 20.1.2.4 MnM view
      • 20.1.2.4.1 Right to win
      • 20.1.2.4.2 Strategic choices
      • 20.1.2.4.3 Weaknesses and competitive threats
  • 20.1.3 ZHEJIANG GEELY HOLDING GROUP
    • 20.1.3.1 Business overview
    • 20.1.3.2 Products/Solutions offered
    • 20.1.3.3 Recent developments
      • 20.1.3.3.1 Product launches/developments
      • 20.1.3.3.2 Deals
      • 20.1.3.3.3 Expansions
      • 20.1.3.3.4 Other developments
    • 20.1.3.4 MnM view
      • 20.1.3.4.1 Right to win
      • 20.1.3.4.2 Strategic choices
      • 20.1.3.4.3 Weaknesses and competitive threats
  • 20.1.4 VOLKSWAGEN GROUP
    • 20.1.4.1 Business overview
    • 20.1.4.2 Products/Solutions offered
    • 20.1.4.3 Recent developments
      • 20.1.4.3.1 Product launches/developments
      • 20.1.4.3.2 Deals
      • 20.1.4.3.3 Expansions
      • 20.1.4.3.4 Other developments
    • 20.1.4.4 MnM view
      • 20.1.4.4.1 Right to win
      • 20.1.4.4.2 Strategic choices
      • 20.1.4.4.3 Weaknesses and competitive threats
  • 20.1.5 GENERAL MOTORS
    • 20.1.5.1 Business overview
    • 20.1.5.2 Products/Solutions offered
    • 20.1.5.3 Recent developments
      • 20.1.5.3.1 Product launches
      • 20.1.5.3.2 Deals
      • 20.1.5.3.3 Expansions
      • 20.1.5.3.4 Other developments
    • 20.1.5.4 MnM view
      • 20.1.5.4.1 Right to win
      • 20.1.5.4.2 Strategic choices
      • 20.1.5.4.3 Weaknesses and competitive threats
  • 20.1.6 CHANGAN
    • 20.1.6.1 Business overview
    • 20.1.6.2 Products/Solutions offered
    • 20.1.6.3 Recent developments
      • 20.1.6.3.1 Product launches
      • 20.1.6.3.2 Deals
      • 20.1.6.3.3 Expansions
  • 20.1.7 BMW GROUP
    • 20.1.7.1 Business overview
    • 20.1.7.2 Products/Solutions offered
    • 20.1.7.3 Recent developments
      • 20.1.7.3.1 Product launches/upgrades
      • 20.1.7.3.2 Expansions
      • 20.1.7.3.3 Other developments
  • 20.1.8 LI AUTO INC.
    • 20.1.8.1 Business overview
    • 20.1.8.2 Products/Solutions offered
    • 20.1.8.3 Recent developments
      • 20.1.8.3.1 Product launches
      • 20.1.8.3.2 Deals
  • 20.1.9 HYUNDAI MOTOR GROUP
    • 20.1.9.1 Business overview
    • 20.1.9.2 Products/Solutions offered
    • 20.1.9.3 Recent developments
      • 20.1.9.3.1 Product launches
      • 20.1.9.3.2 Deals
      • 20.1.9.3.3 Expansions
      • 20.1.9.3.4 Other developments
  • 20.1.10 GAC GROUP
    • 20.1.10.1 Business overview
    • 20.1.10.2 Products/Solutions offered
    • 20.1.10.3 Recent developments
      • 20.1.10.3.1 Product launches/developments
      • 20.1.10.3.2 Deals
      • 20.1.10.3.3 Expansions
      • 20.1.10.3.4 Other developments
  • 20.1.11 STELLANTIS NV
    • 20.1.11.1 Business overview
    • 20.1.11.2 Products/Solutions offered
    • 20.1.11.3 Recent developments
      • 20.1.11.3.1 Product launches/developments
      • 20.1.11.3.2 Deals
      • 20.1.11.3.3 Expansions
      • 20.1.11.3.4 Other developments
  • 20.1.12 GREAT WALL MOTOR
    • 20.1.12.1 Business overview
    • 20.1.12.2 Products/Solutions offered
    • 20.1.12.3 Recent developments
      • 20.1.12.3.1 Product launches/developments
      • 20.1.12.3.2 Deals
      • 20.1.12.3.3 Expansions
      • 20.1.12.3.4 Other developments
• 20.2 OTHER KEY PLAYERS
  • 20.2.1 TOYOTA MOTOR CORPORATION
  • 20.2.2 RENAULT-NISSAN-MITSUBISHI
  • 20.2.3 HONDA MOTOR CO., LTD.
  • 20.2.4 MERCEDES-BENZ GROUP AG
  • 20.2.5 FORD MOTOR COMPANY
  • 20.2.6 CHERY
  • 20.2.7 LEAPMOTOR INTERNATIONAL B.V.
  • 20.2.8 SAIC MOTOR CORPORATION LIMITED
  • 20.2.9 NIO
  • 20.2.10 XIAOMI
  • 20.2.11 RIVIAN
  • 20.2.12 LUCID
  • 20.2.13 DONGFENG MOTOR CORPORATION
  • 20.2.14 FAW TRUCKS CO., LTD.
  • 20.2.15 XPENG INC.
  • 20.2.16 KG MOBILITY CORP.
  • 20.2.17 NETA
  • 20.2.18 MAZDA MOTOR CORPORATION
  • 20.2.19 SUBARU CORPORATION
  • 20.2.20 BAIC GROUP CO., LTD.
  • 20.2.21 TATA MOTORS LIMITED
  • 20.2.22 XIAOMI AUTO

21 RECOMMENDATIONS BY MARKETSANDMARKETS

• 21.1 SOUTHEAST ASIA TO OFFER LUCRATIVE OPPORTUNITIES
• 21.2 BATTERY ELECTRIC VEHICLES TO HOLD DOMINANT MARKET SHARE
• 21.3 800V ELECTRIC ARCHITECTURE TO ACCELERATE ADOPTION
• 21.4 EMERGING BUSINESS MODELS: BATTERY-AS-A-SERVICE AND CHARGING-AS-A-SERVICE
• 21.5 CONCLUSION

22 APPENDIX

• 22.1 DISCUSSION GUIDE
• 22.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
• 22.3 CUSTOMIZATION OPTIONS
  • 22.3.1 ELECTRIC VEHICLE MARKET, BY BODY TYPE AT COUNTRY LEVEL (FOR COUNTRIES COVERED IN REPORT)
  • 22.3.2 PROFILING OF ADDITIONAL MARKET PLAYERS (UP TO 5)
  • 22.3.3 PROFILING OF ADDITIONAL COUNTRIES (UP TO 3)
• 22.4 RELATED REPORTS
• 22.5 AUTHOR DETAILS