Global Electric Vehicle market is estimated to grow at a CAGR of more than 20.0% during the forecast period. The rising need to address future energy requirements is one of the major factors to drive the growth of the global EV market. The EV market is emerging as an integral part of the automotive industry that provides a pathway to achieve a higher level of energy efficiency with a reduced level of pollutant emissions and other greenhouse gases. The growing environmental concerns along with cohesive government initiatives are some other aspects to fuel the market growth. Lack of charging stations and the availability of small range electric vehicles are the major factors to restrain the growth of the global EV market.

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The market is segmented on the basis of vehicle type, propulsion technology, battery Type, and country. Based on vehicle type, the market is sub-segmented into commercial vehicles, passenger cars, and two-wheeler. Based on propulsion technology, the market is sub-segmented into battery electric vehicles, plug-in hybrid electric vehicles. Based on the propulsion type, plug-in hybrid vehicles are anticipated to have considerable market growth during the forecast period. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others.

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Global Electric Vehicle Market Segmentation

By Vehicle Type

Commercial Vehicles

Passenger Cars

Two-Wheelers

By Propulsion Technology

Battery Electric Vehicles

Plug-in Hybrid Electric Vehicle

By Battery Type

NiMH

Li-Ion

Others

Regional Analysis

North America

The US

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Rest of the World

Company Profiles

AB Volvo

Alcraft Motor

Audi

BMW AG

Daimler AG

Fiat Chrysler Automobiles N.V

Ford Motor Co.

General Motors Co.

Honda Motor Co., Ltd.

Hyundai Motor Co.

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