Amid the COVID-19 crisis and the looming economic recession, the Electric Vehicles (EVs) market worldwide will grow by a projected 89.6 Billion Units, during the analysis period
NEW YORK, May 27, 2020 /PRNewswire/ -- Amid the COVID-19 crisis and the looming economic recession, the Electric Vehicles (EVs) market worldwide will grow by a projected 89.6 Billion Units, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 61.5%.
NEW YORK, May 27, 2020 /PRNewswire/ -- Amid the COVID-19 crisis and the looming economic recession, the Electric Vehicles (EVs) market worldwide will grow by a projected 89.6 Billion Units, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 61.5%. Battery Electric Vehicles (BEV), one of the segments analyzed and sized in this study, is forecast to grow at over 60% and reach a market size of 59.8 Billion Units by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Battery Electric Vehicles (BEV) market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
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As part of the new emerging geographic scenario, the United States is forecast to readjust to a 68.2% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over 1.7 Billion Units to the region's size over the next 7 to 8 years. In addition, over 4 Billion Units worth of projected demand in the region will come from Rest of European markets. In Japan, the Battery Electric Vehicles (BEV) segment will reach a market size of 1.5 Billion Units by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Electric Vehicles (EVs) market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 62% over the next couple of years and add approximately 5.9 Billion Units in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Electric Vehicles (EVs) market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
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ELECTRIC VEHICLES (EVS) MCP-1
MARKET ANALYSIS, TRENDS, AND FORECASTS, JUNE 2
CONTENTS
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Recent Market Activity Can Electric Vehicles Emerge to be a Disruptive Technology Capable of Changing the Face of the Global Auto Industry? The Rise, the Death and the Resurgence of Electric Vehicles (EVs) Global Competitor Market Shares Electric Vehicles (EVs) Competitor Market Share Scenario Worldwide (in %): 2020 & 2029 Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Tesla Motors Inc. (USA) Lucid Motors (USA) Faraday Future (USA) NextEV (China) Karma Automotive LLC (USA) NEXT Future Transportation, Inc. (USA) Global Electric Motorcars (GEM) (USA) FDG Electric Vehicles Limited (Hong Kong) Dongfeng Electric Vehicle Co., Ltd. (China) The Geely Group (China) Bayerische Motoren Werke AG (Germany) BYD Company Limited (China) Daimler AG (Germany) Ford Motor Company (USA) General Motors Company (USA) Groupe Renault (France) Honda Motor Co., Ltd. (Japan) Hyundai Motor Company (South Korea) Mitsubishi Motors Corporation (Japan) Nissan Motor Co., Ltd. (Japan) Toyota Motor Corp. (Japan) Volkswagen AG (Germany)
3. MARKET TRENDS & DRIVERS
Automotive Industry's Continuous Struggle with the Environment Paves the Way Forward for EVs Stringent Regulations: The Cornerstone for Growth in the Market Review of Green House Gas Emissions and Fuel Economy Standards for Vehicles Across the World Emissions Regulations Landscape in Major Country/Region Government Support through Funding & Incentive Programs Accelerates Greening of the Automotive Industry Advancements in Battery Technologies, Especially Lithium-Ion, Vital for Electric Car Domination Promising Breakthroughs in Lithium-Ion Infuses Optimism Over the Market's Future Growth Hybrid Vehicles as a Bridge Towards Pure Electric Vehicles, to Witness Immediate Market Opportunities for Growth Plug-in Hybrid Electric Vehicle Long Electric Range (PHEVLER): A Disruptive Technology in the Making Growing Trend Towards Small/Micro and Low-Speed Electric Vehicles Developing Markets: The Focal Point for Future Growth Zero Emission Battery-Powered Longer Range BEVs: The Ultimate Vision of the EV Future Fuel Cell EVs (FCEVs): Not a Threat to BEVs Recent Oil Price Crash: A Temporary Set Back to the EV Industry EVs: Charging Forward With Advancements in Charging Infrastructure Smart Grid Technologies to Optimize Charging Infrastructure and Catalyze Growth of Electric Vehicles A Review of Progressive Battery Technology Developments "Smart" Membrane for Fast Charging of Batteries Lithium-Ion Batteries: The Focal Area of Battery Innovations Research in Biodegradable Batteries Lithium-Oxygen Batteries Nanotechnology-Based Thin-Film Lithium-Ion Batteries Innovation in EV Vehicle Models Nissan and Endesa to Promote V2G Technology in Europe
4. GLOBAL MARKET PERSPECTIVE
Table 1: Electric Vehicles (EVs) Global Market Estimates and Forecasts in Thousand Units by Region/Country: 2020-2027 Table 2: Electric Vehicles (EVs) Global Retrospective Market Scenario in Thousand Units by Region/Country: 2012-2019 Table 3: Electric Vehicles (EVs) Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027 Table 4: Battery Electric Vehicles (BEV) (Product Segment) World Market by Region/Country in Thousand Units: 2020 to 2027 Table 5: Battery Electric Vehicles (BEV) (Product Segment) Historic Market Analysis by Region/Country in Thousand Units: 2012 to 2019 Table 6: Battery Electric Vehicles (BEV) (Product Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027 Table 7: Plugin Hybrid Electric Vehicles (PHEV) (Product Segment) Potential Growth Markets Worldwide in Thousand Units: 2020 to 2027 Table 8: Plugin Hybrid Electric Vehicles (PHEV) (Product Segment) Historic Market Perspective by Region/Country in Thousand Units: 2012 to 2019 Table 9: Plugin Hybrid Electric Vehicles (PHEV) (Product Segment) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS UNITED STATES Market Facts & Figures US Electric Vehicles (EVs) Market Share (in %) by Company: 2020 & 2025 Market Analytics Table 10: United States Electric Vehicles (EVs) Market Estimates and Projections in Thousand Units by Product Segment: 2020 to 2027 Table 11: Electric Vehicles (EVs) Market in the United States by Product Segment: A Historic Review in Thousand Units for 2012-2019 Table 12: United States Electric Vehicles (EVs) Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027 CANADA Table 13: Canadian Electric Vehicles (EVs) Market Estimates and Forecasts in Thousand Units by Product Segment: 2020 to 2027 Table 14: Canadian Electric Vehicles (EVs) Historic Market Review by Product Segment in Thousand Units: 2012-2019 Table 15: Electric Vehicles (EVs) Market in Canada: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027 JAPAN Table 16: Japanese Market for Electric Vehicles (EVs): Annual Sales Estimates and Projections in Thousand Units by Product Segment for the Period 2020-2027 Table 17: Electric Vehicles (EVs) Market in Japan: Historic Sales Analysis in Thousand Units by Product Segment for the Period 2012-2019 Table 18: Japanese Electric Vehicles (EVs) Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027 CHINA Table 19: Chinese Electric Vehicles (EVs) Market Growth Prospects in Thousand Units by Product Segment for the Period 2020-2027 Table 20: Electric Vehicles (EVs) Historic Market Analysis in China in Thousand Units by Product Segment: 2012-2019 Table 21: Chinese Electric Vehicles (EVs) Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027 EUROPE Market Facts & Figures European Electric Vehicles (EVs) Market: Competitor Market Share Scenario (in %) for 2020 & 2025 Market Analytics Table 22: European Electric Vehicles (EVs) Market Demand Scenario in Thousand Units by Region/Country: 2020-2027 Table 23: Electric Vehicles (EVs) Market in Europe: A Historic Market Perspective in Thousand Units by Region/Country for the Period 2012-2019 Table 24: European Electric Vehicles (EVs) Market Share Shift by Region/Country: 2012 VS 2020 VS 2027 Table 25: European Electric Vehicles (EVs) Market Estimates and Forecasts in Thousand Units by Product Segment: 2020-2027 Table 26: Electric Vehicles (EVs) Market in Europe in Thousand Units by Product Segment: A Historic Review for the Period 2012-2019 Table 27: European Electric Vehicles (EVs) Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027 FRANCE Table 28: Electric Vehicles (EVs) Market in France by Product Segment: Estimates and Projections in Thousand Units for the Period 2020-2027 Table 29: French Electric Vehicles (EVs) Historic Market Scenario in Thousand Units by Product Segment: 2012-2019 Table 30: French Electric Vehicles (EVs) Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027 GERMANY Table 31: Electric Vehicles (EVs) Market in Germany: Recent Past, Current and Future Analysis in Thousand Units by Product Segment for the Period 2020-2027 Table 32: German Electric Vehicles (EVs) Historic Market Analysis in Thousand Units by Product Segment: 2012-2019 Table 33: German Electric Vehicles (EVs) Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027 ITALY Table 34: Italian Electric Vehicles (EVs) Market Growth Prospects in Thousand Units by Product Segment for the Period 2020-2027 Table 35: Electric Vehicles (EVs) Historic Market Analysis in Italy in Thousand Units by Product Segment: 2012-2019 Table 36: Italian Electric Vehicles (EVs) Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027 UNITED KINGDOM Table 37: United Kingdom Market for Electric Vehicles (EVs): Annual Sales Estimates and Projections in Thousand Units by Product Segment for the Period 2020-2027 Table 38: Electric Vehicles (EVs) Market in the United Kingdom: Historic Sales Analysis in Thousand Units by Product Segment for the Period 2012-2019 Table 39: United Kingdom Electric Vehicles (EVs) Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027 REST OF EUROPE Table 40: Rest of Europe Electric Vehicles (EVs) Market Estimates and Forecasts in Thousand Units by Product Segment: 2020-2027 Table 41: Electric Vehicles (EVs) Market in Rest of Europe in Thousand Units by Product Segment: A Historic Review for the Period 2012-2019 Table 42: Rest of Europe Electric Vehicles (EVs) Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027 ASIA-PACIFIC Table 43: Electric Vehicles (EVs) Market in Asia-Pacific by Product Segment: Estimates and Projections in Thousand Units for the Period 2020-2027 Table 44: Asia-Pacific Electric Vehicles (EVs) Historic Market Scenario in Thousand Units by Product Segment: 2012-2019 Table 45: Asia-Pacific Electric Vehicles (EVs) Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027 REST OF WORLD Table 46: Rest of World Electric Vehicles (EVs) Market Estimates and Forecasts in Thousand Units by Product Segment: 2020 to 2027 Table 47: Rest of World Electric Vehicles (EVs) Historic Market Review by Product Segment in Thousand Units: 2012-2019 Table 48: Electric Vehicles (EVs) Market in Rest of World: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027
IV. COMPETITION
Total Companies Profiled: 77
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