Description
An electric car is a self-propelling transportation machine that is powered either by a collector system through electricity from charging station deployments or else can be charged by self-charging devices like regenerative braking systems and turbochargers.
Demand Scenario
The global electric car market was USD 134.32 billion in 2018 and is estimated to reach USD 413.95 billion by 2025 at a CAGR of 17.44% during the forecast period.
Growth by Region
Asia-Pacific region accounted for the largest market in 2018 owing to the rising government incentives in the form of subsidies, grants and tax rebates, thus, continuously improving charging infrastructure in the region. North America, on the other hand, is also one of the lucrative markets owing to the USD 2.4 billion in federal grants to support the development of next-generation electric cars and batteries paired with USD 115 million for the installation of electric vehicle charging infrastructure in almost 16 different metropolitan areas around the country. Europe is also an important market for electric cars due to the introduction of new technologies focusing on zero-carbon emission vehicles in the region.
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Drivers vs Constraints
The global electric car market is mainly driven by rising government incentives in the form of subsidies and grants along with growing environmental concerns caused by conventional passenger carriers used for transportation purposes. Also, a volumetric surge in the automotive sector and the introduction of new technologies is also anticipated to propel the growth of the electric car market globally. However, the growth is hindered by the high manufacturing cost of the vehicle coupled with low fuel economy and serviceability of electric cars globally.
Industry Trends and Updates
Tesla, Inc., an American automotive and energy company is investing USD 5 billion in a factory located in Shanghai, China mainly to offer better access to domestic markets as well as to ease the effects of punitive tariffs for its customers located in China.
Lucid Motors, Inc., an American automotive company specializing in electric cars has got an investment amount of USD 1 billion by Saudi Arabia’s Public Investment Fund. This transaction represents a major milestone for Lucid Motors and will provide the company with the necessary funding to commercially launch its first electric vehicle (EV), the Lucid Air in the year 2020.
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Table of Content
1. Research Methodology
2. Executive Summary
3. Market Overview
3.1. Definition
3.2. Industry Value Chain Analysis
3.3. Porter’s 5 Forces
3.4. Regulations
4. Market Dynamics
4.1. Introduction
4.2. Drivers
4.3. Constraints
4.4. Trends
5. Global Electric Car Market Segmentation, Forecasts and Trends – by Propulsion
5.1. Plug-in Hybrid Electric Vehicles (PHEV)
5.2. Hybrid Electric Vehicles (HEV)
5.3. Battery Electric Vehicles (BEV)
5.4. Others
6. Global Electric Car Market Segmentation, Forecasts and Trends – by Vehicle Type
6.1. Passenger Car
6.2. Commercial Vehicle
6.3. Two-Wheeler
7. Global Electric Car Market Segmentation, Forecasts and Trends – by Type of Charging Station
7.1. Normal Charging
7.2. Super Charging
7.3. Inductive Charging
8. Global Electric Car Market Segmentation, Forecasts and Trends – by Charging Infrastructure Type
8.1. Normal Charge
8.2. TYPE 2 AC
8.3. CCS
8.4. Chademo
8.5. Tesla Supercharger
9. Global Electric Car Market Segmentation, Forecasts and Trends – by Output Power
9.1. Level 1
9.2. Level 2
9.3. Level 3
10. Global Electric Car Market Segmentation, Forecasts and Trends – by Installation Type
10.1. Commercial
10.2. Residential
11. Global Electric Car Market Segmentation, Forecasts and Trends – by Future Technology
11.1. Battery Cost
11.2. EV Range
11.3. Battery Charging Time
12. Global Electric Car Market Segmentation, Forecasts and Trends – by Region
12.1. North America
12.1.1. U.S.
12.1.2. Canada
12.1.3. Mexico
12.2. Europe
12.2.1. UK
12.2.2. France
12.2.3. Germany
12.2.4. Italy
12.2.5. Others
12.3. Asia-Pacific
12.3.1. India
12.3.2. China
12.3.3. Japan
12.3.4. Australia
12.3.5. Others
12.4. South America
12.4.1. Brazil
12.4.2. Argentina
12.4.3. Others
12.5. Middle East and Africa
12.5.1. South Africa
12.5.2. UAE
12.5.3. Saudi Arabia
12.5.4. Egypt
12.5.5. Others
13. Competitive Intelligence
13.1. Company Market Share Analysis
13.2. Industry M&As, Consolidations
14. Company Profiles
14.1. Tesla
14.2. BMW Group
14.3. Nissan Motor Corporation
14.4. Toyota Motor Corporation
14.5. Evgo
14.6. Volkswagen AG
14.7. General Motors
14.8. Daimler AG
14.9. Energica Motor Company S.p.A.
14.10. BYD Company Motors
14.11. Hyundai
14.12. Honda
14.13. Volvo
14.14. ZF
14.15. Ford Motor Company
14.16. Continental
14.17. Renault Motors
14.18. Lucid Motors
14.19. Citroën
14.20. Mahindra & Mahindra Ltd.
14.21. Schaeffler
14.22. Others
15. Investment Opportunities
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