Electric Vehicle Market - Global Forecast to 2025: Sales is Estimated to Grow from 1.5 Million Units in 2018 to 10.79 Million Units by 2025, at a CAGR of 32.57%


Dublin, Jan. 02, 2019 (GLOBE NEWSWIRE) -- The "Electric Vehicle Market by Propulsion (BEV, PHEV, FCEV), Vehicle, Charging Station (Normal, Super, Inductive), Charging Infrastructure (Normal, Type-2-AC, CHAdeMO, CCS, Tesla SC), Power Output, Installation & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global electric vehicle sales is projected to grow at a CAGR of 32.57% during the forecast period, to reach 10.79 million units by 2025, from an estimated 1.50 million units in 2018.

Government support in the form of subsidies, grants, and tax rebates, improving charging infrastructure, increasing vehicle range, and reducing Electric Vehicle battery cost has resulted in the sales growth of electric vehicles globally.

The FCEV segment (zero-emission vehicles) is set to register the highest growth rate in the EV market followed by BEVs and PHEVs, because of the availability of better subsidies and support from governments. Increasing vehicle range and improving charging infrastructure have fueled the demand for BEVs. Nissan Leaf and Tesla Model S were the most successful and highest selling BEV models in 2016.

The growth of BEV sales is projected to continue during the forecast period because of decreasing battery prices, increasing environmental awareness among consumers, and decreasing charging time. It has been projected that the invention of super-fast chargers would enable EV to be fully charged in less than an hour.

An electric passenger car is the largest segment in the global electric vehicle market. The growth can be attributed to the growing demand for fuel-efficient vehicles, increasing environmental awareness among consumers, and competitive pricing in comparison to the ICE passenger cars.

The increasing support from governments in China, Japan France, Norway, and the US, and the OEM's efforts to improve the existing EV models would drive the sales of electric vehicle passenger cars during the forecast period. Major OEMs have also announced the launch of the EV variants of their most successful IC (internal combustion) engine models.

Asia Pacific is the largest market for automotive EVs. China is the largest market because of the government support and the availability of strong charging infrastructure. The alarming pollution levels in these countries have forced their governments to announce various kinds of financial and nonfinancial benefits to promote the sales of EVs.

The major restraints considered in the study include the poor charging infrastructure, limited vehicle range, and the short lifespan of the EV battery, which restricts the sales of electric vehicles.

Government support is considered to be the most crucial factor affecting the EV sales as the availability of subsidies, grants, and tax rebates help in pricing EV cars competitively as compared to ICE cars.

The global electric vehicle market is dominated by major players such as Tesla (US), Nissan Motor Corporation (Japan), BYD (China), BMW (Germany), and Volkswagen (Germany).

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.3 Primary Data
2.4 Market Size Estimation
2.5 Market Breakdown and Data Triangulation
2.6 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Electric Vehicle Market
4.2 Electric Vehicle Market, By Region
4.3 Electric Vehicle Market, By Propulsion Type
4.4 Electric Vehicle Market, By Vehicle Type
4.5 Electric Vehicle Charging Stations Market, By Charging Station Type
4.6 Electric Vehicle Charging Stations Market, By Power Output Type
4.7 Electric Vehicle Charging Stations Market, By Installation Type
4.8 Electric Vehicle Charging Stations Market, By Charging Infrastructure Type

5 Market Overview
5.1 Introduction
5.2 Upcoming Electric Vehicle Models
5.3 Europe Model Wise Market Share Analysis
5.3.1 BEV
5.3.2 PHEV
5.4 US Passenger Car Market Share Analysis
5.5 China Passenger Car Market Share Analysis
5.6 Europe Passenger Car EV PARC, By Country, 2017
5.7 North America Passenger Car EV PARC 2017
5.8 EV Model Wise Sales Analysis 2017
5.8.1 Norway BEV PHEV
5.8.2 Iceland BEV PHEV
5.8.3 Sweden BEV PHEV
5.8.4 Finland BEV PHEV
5.8.5 Netherlands BEV PHEV
5.9 Market Dynamics
5.9.1 Drivers Favorable Government Policies and Subsidies Heavy Investments From Automakers in EVS Growing Concern About Environmental Pollution Increased Vehicle Range Per Charge
5.9.2 Restraints Lack of Standardization
5.9.3 Opportunities Use of Vehicle-To-Grid (V2G) EV Charging Stations for Electric Vehicles EV Charging Stations Powered By Solar Panels
5.9.4 Challenges High Cost of EVS in Comparison With Ice Vehicles Stringent Rules for Installation of Charging Stations Small Distance Covered By EVS

6 Electric Vehicle Market, By Government Regulations
6.1 Introduction
6.2 Subsidies and Tax Rebates

7 Electric Vehicle Market - Industry Trends
7.1 Electric Taxi
7.2 Robo-Taxi
7.3 Light Electric Vehicle
7.4 Battery Swapping
7.5 Electric Autonomous Vehicles

8 Electric Vehicle Market, By Future Technology
8.1 Introduction
8.2 Electric Vehicle Battery Cost, 2016-2025
8.3 Electric Vehicle Range
8.4 Electric Vehicle Battery Charging Time

9 Electric Vehicle Market, By Component
9.1 Introduction
9.2 EV Battery Cells & Packs
9.3 On-Board Charger
9.4 Infotainment System
9.5 Instrument Cluster

10 Electric Vehicle Market, By Propulsion Type
10.1 Introduction
10.2 Battery Electric Vehicle (BEV)
10.3 Fuel Cell Electric Vehicle (FCEV)
10.4 Plug-In Hybrid Electric Vehicle (PHEV)
10.5 Hybrid Electric Vehicle (HEV)

11 Electric Vehicle Market, By Vehicle-To-Grid Technology
11.1 Introduction

12 Electric Vehicle Market, By Vehicle Type
12.1 Introduction
12.2 Passenger Cars (PC)
12.3 Commercial Vehicles (CV)

13 Electric Vehicle Charging Stations Market, By Charging Station Type
13.1 Introduction
13.2 Normal Charging
13.3 Super Charging
13.4 Inductive Charging (Wireless Charging)

14 Electric Vehicle Charging Stations Market, By Charging Infrastructure Type
14.1 Introduction
14.2 Normal Charge
14.3 CCS
14.4 Chademo
14.5 Tesla Supercharger
14.6 Type-2 (Iec 62196)

15 Electric Vehicle Charging Stations Market, By Power Output Type
15.1 Introduction
15.2 Level 1
15.3 Level 2
15.4 Level 3

16 Electric Vehicle Charging Stations Market, By Installation Type
16.1 Introduction
16.2 Commercial
16.3 Residential

17 Electric Vehicle Market, By Region
17.1 Introduction
17.2 Asia Pacific
17.2.1 China
17.2.2 India
17.2.3 Japan
17.2.4 South Korea
17.3 Europe
17.3.1 France
17.3.2 Germany
17.3.3 The Netherlands
17.3.4 Norway
17.3.5 Sweden
17.3.6 UK
17.3.7 Denmark
17.3.8 Austria
17.3.9 Switzerland
17.3.10 Spain
17.4 North America
17.4.1 Canada
17.4.2 US

18 Competitive Landscape
18.1 Overview
18.2 Competitive Situation & Trends
18.2.1 New Product Developments
18.2.2 Collaborations/Joint Ventures/Supply Contracts/ Partnerships/Agreements
18.2.3 Expansions, 2016-2018
18.2.4 Mergers & Acquisitions, 2017

19 Company Profiles
19.1 Key Players
19.1.1 Tesla Motors
19.1.2 Nissan Motor
19.1.3 BYD Auto
19.1.4 BMW
19.1.5 Volkswagen
19.1.6 Toyota
19.1.7 Ford
19.1.8 Volvo
19.1.9 Daimler
19.1.10 Hyundai
19.1.11 Honda
19.1.12 Continental
19.1.13 ZF
19.1.14 Schaeffler
19.2 Key Players From Other Regions
19.2.1 North America General Motors Blink Charging Chargepoint Evgo
19.2.2 Europe ABB Eaton AVL Alfen
19.2.3 Asia Pacific Samsung Sdi Automotive Energy Supply Corporation Panasonic Mitsubishi Electric

For more information about this report visit https://www.researchandmarkets.com/research/fkzxzt/electric_vehicle?w=12

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