Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 270.69 Billion | USD 2898.49 Billion | 30.14% | 2023 |
List of Figures
1. Market research Type
2. Market research methodology
3. Global Electric Passenger Cars Market, 2016–2026(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Electric Passenger Cars Market attractiveness, By Product
6. Global Electric Passenger Cars Market share by Product ,2019 and 2026 (USD Billion)
7. Global Electric Passenger Cars Market by Battery Electric Vehicle, 2016–2026(USD Billion)
8. Global Electric Passenger Cars Marketby Plug-in Hybrid Electric Vehicle, 2016–2026(USD Billion)
9. Global Electric Passenger Cars Marketshare, by Region, 2019 and 2026
10. North America Electric Passenger Cars Market, 2016–2026(USD Billion)
11. Europe Electric Passenger Cars Market, 2016–2026(USD Billion)
12. Asia Pacific Electric Passenger Cars Market, 2016–2026(USD Billion)
13. Latin America Electric Passenger Cars Market, 2016–2026(USD Billion)
14. The Middle East and Africa Electric Passenger Cars Market, 2016–2026(USD Billion)
List of Tables
1. Global Electric Passenger Cars Market: snapshot
2. Drivers of the Electric Passenger Cars Market: impact analysis
3. North America Electric Passenger Cars Market revenue, By Product ,2016–2026(USD Billion)
4. The U.S. Electric Passenger Cars Market revenue, By Product ,2016–2026(USD Billion)
5. Rest of North America Electric Passenger Cars Market revenue, By Product ,2016–2026(USD Billion)
6. Europe Electric Passenger Cars Market revenue, By Product ,2016–2026(USD Billion)
7. UK Electric Passenger Cars Market revenue, By Product ,2016–2026(USD Billion)
8. France Electric Passenger Cars Market revenue, By Product ,2016–2026(USD Billion)
9. Germany Electric Passenger Cars Market revenue, By Product ,2016–2026(USD Billion)
10. Rest of Europe Electric Passenger Cars Market revenue, By Product ,2016–2026(USD Billion)
11. Asia Pacific Electric Passenger Cars Market revenue, By Product ,2016–2026(USD Billion)
12. China Electric Passenger Cars Market revenue, By Product ,2016–2026(USD Billion)
13. Japan Electric Passenger Cars Market revenue, By Product ,2016–2026(USD Billion)
14. India Electric Passenger Cars Market revenue, By Product ,2016–2026(USD Billion)
15. Rest of Asia Pacific Electric Passenger Cars Market revenue, By Product ,2016–2026(USD Billion)
16. Latin America Electric Passenger Cars Market revenue, By Product ,2016–2026(USD Billion)
17. Brazil Electric Passenger Cars Market revenue, By Product ,2016–2026(USD Billion)
18. Rest of Latin America Electric Passenger Cars Market revenue, By Product ,2016–2026(USD Billion)
19. The Middle East and Africa Electric Passenger Cars Market revenue, By Product ,2016–2026(USD Billion)
20. Saudi Arabia Electric Passenger Cars Market revenue, By Product ,2016–2026(USD Billion)
21. South Africa Electric Passenger Cars Market revenue, By Product ,2016–2026(USD Billion)
22. Rest of the Middle East & Africa Electric Passenger Cars Market revenue, By Product ,2016–2026(USD Billion)
FrequentlyAsked Questions
With technological breakthroughs, regulations, customer acceptance, self-driven vehicles, and ride sharing activities influencing automotive industry, electric passenger cars market is set to experience momentous surge over the forthcoming years. Product innovations has brought a paradigm shift in the automotive vehicle manufacturing sector and helps in reducing electric vehicle battery prices. This, in turn, will spur business growth in the next couple of years. Furthermore, surge in use of electric vehicles is a part of broader business strategy adopted by reputed vehicle manufacturing firms for reducing GHG emissions in atmosphere due to raising ecological concerns. In addition to this, rise in sale of battery electric cars as well as plug-in hybrid electric cars will contribute lucratively towards overall market revenue over assessment period.
Electric Passenger Cars Market size worth at USD 270.69 Billion in 2023 and projected to USD 2898.49 Billion by 2032, CAGR of around 30.14% between 2024-2032.
Europe will contribute lucratively towards the global market size over the estimated timeline. The regional market surge is subject to huge sale of electric cars in Europe in 2019. In addition to this, rise in electric vehicle demand in Holland, Germany, Norway, and France will embellish regional market trends. Rise in government subsidies and drastic improvement in battery systems of electric vehicles along with launching of new EU emission protocols will steer regional market growth in coming decade. Reportedly, in 2019, France established carbon-neutral target by 2050 and UK followed the suit by scheduling a ban on polluting vehicles till 2050. Additionally, Germany has decided to reduce GHG emissions by nearly 54.5% by 2030 and nearly 94.5% by 2050.
The key market participants include Daimler AG, General Motors Company, BYD Company Ltd., Tesla, Nissan Motor Company, Ford Motor Company, SAIC Motor Corporation Limited, Volkswagen AG, Mitsubishi Motors Corporation, and TOYOTA MOTOR CORPORATION.
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