Global Electric Cars Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

The Global Electric Cars Market is segmented by Body Type ( Passenger Cars ) , by Fuel Type ( BEV, FCEV, HEV, PHEV ) and by Region ( Africa, Asia-Pacific, Europe, Middle East, Miidle East, North America, South America )

Electric Cars Market Size

market-snapshot graph
https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2016 - 2028
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Sub Body Type: Sports Utility Vehicle
https://s3.mordorlabs.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region: Europe
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 0.21 %

Major Players

major-player-company-image major-player-company-image major-player-company-image major-player-company-image

*Disclaimer: Major Players sorted in no particular order

Key Players

WHY BUY FROM US?
1. CRISP & INSIGHFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE

Electric Cars Market Analysis

The Global Electric Cars Market is projected to register a CAGR of 0.21%

  • Largest Segment by Fuel Type - BEV : Increase in global electrification, new product launches, awareness of battery vehicles, Government offerings, such as incentives, and electric infrastructure development are fueling demand for BEV.
  • Fastest-growing Segment by Fuel Type - FCEV : increasing fuel cost is shifting consumers to electric vehicles, due to Better fuel efficiency, and no range anxiety issues PHEV is the fastest-growing segment in electric vehicle market in globally.
  • Largest Country Market - Germany : China is the largest country in the global electric car market, as the country is the major producer of electric vehicles, government norms and incentives are aided to the growth of market.
  • Fastest Growing Country Market - Mexico : The United States is the fastest-growing country in the global electric cars market. Government plans to ban ICE vehicles and incentives offered by the government is shifting consumer to e-mobility.

Electric Cars Industry Segmentation

Passenger Cars are covered as segments by Body Type. BEV, FCEV, HEV, PHEV are covered as segments by Fuel Type. Africa, Asia-Pacific, Europe, Middle East, Miidle East, North America, South America are covered as segments by Region.
Body Type
Passenger Cars
Hatchback
Multi-purpose Vehicle
Sedan
Sports Utility Vehicle
Fuel Type
BEV
FCEV
HEV
PHEV
Region
Africa
South Africa
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
South Korea
Thailand
Rest-of-APAC
Europe
Austria
Belgium
Czech Republic
Denmark
Estonia
France
Germany
Ireland
Italy
Latvia
Lithuania
Norway
Poland
Russia
Spain
Sweden
UK
Rest-of-Europe
Middle East
UAE
Rest-of-MEA
Miidle East
North America
Canada
Mexico
US
Rest-of-North America
South America
Rest-of-Latin America

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Electric Cars Market Trends

This section covers the major market trends shaping the Electric Cars Market according to our research experts:

Sports Utility Vehicle is the largest segment by Sub Body Type.

  • One of the industries most affected by the global chip shortages and supply chain disruptions brought on by the coronavirus pandemic is the automotive sector. This has not stopped Tesla from coming under fire for contributing to climate change, whether through the manufacturing process or the automobiles produced. Regarding the latter, European Union car buyers appear to be contributing to reducing the negative effects of fossil fuel-powered vehicles.
  • The past year has seen a substantial effect of the coronavirus pandemic on global auto markets. As more and more nations restricted travel due to COVID-19 in 2020, the automotive industry experienced a number of setbacks. In 2020, there were 63.8 million cars sold worldwide. A slight rebound is expected in 2021, with 66 million cars expected to be sold. Toyota and the Volkswagen Group both saw reductions in their deliveries of more than a million cars.
  • In 2021, approximately 56.4 million passenger cars were sold worldwide, representing a nearly 5% increase over the previous year. China had the largest regional automobile market in 2021, with slightly less than 21.5 million units. Automotive technology will undergo significant change in the next ten years. Around 26% of new automobile sales worldwide are expected to be electric vehicles by 2030, with an estimated 58 million new self-driving cars added to the global fleet by 2022. As a result of technological advancements, the types of components required to create the finished product begin to change. This allows for further segmentation of the automotive supplier market, particularly the automotive electronics market. Automation and electrification will surely boost the car market in the near future.
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Europe is the largest segment by Region.

  • Consumer spending on electric car purchases increased to USD 120 billion in 2020. Governments worldwide spent nearly USD 14 billion to encourage the sales of electric vehicles, which increased by 25% in 2019, primarily due to increased incentives in Europe. The output of automotive batteries increased by 33% from 2019 to 160 GWh, and their cost decreased by 13% to an average of USD 137/kWh per battery pack globally in 2020. Worldwide government National EV Policy stipulates that when buying or leasing an electric vehicle (EV), whether new or used, drivers are exempt from both purchase tax and VAT. EV owners are also excluded from paying an annual road traffic insurance charge.
  • Many government policies boast the world's largest per capita fleet of plug-in electric cars and offer several enticing incentives for buying electric vehicles. For instance, there are currently more than 16,000 charging stations in Norway, up from just 3,000 in 2011. On all important routes, including the highest fast-charging station in the entire world, the Norwegian government has erected fast-charging stations every 50 km. EV charging stations appear to have a promising future in Norway.
  • There are several highly attractive incentives for electric vehicles globally. Overall, many countries signed Paris climate policy targets, which call for a 40% decrease in greenhouse gas emissions by 2030, which are supported by the automobile policy. National vehicle targets, including the sale of entirely zero-emission cars by 2030, were already established by the National Transport Plan in 2017. Norway has also committed to reducing greenhouse gas emissions by at least 40% by 2030. These factors are all expected to boost the Norwegian electric car market over the forecast period.
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Electric Cars Industry Overview

The Global Electric Cars Market is fairly consolidated, with the top five companies occupying 71.50%. The major players in this market are BYD Motors Inc., General Motors Company, Groupe Renault, Tesla Inc. and Volkswagen AG (sorted alphabetically).

Electric Cars Market Leaders

  1. BYD Motors Inc.

  2. General Motors Company

  3. Groupe Renault

  4. Tesla Inc.

  5. Volkswagen AG

*Disclaimer: Major Players sorted in no particular order

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Electric Cars Market News

  • September 2022: The City of Long Beach has partnered with Mercedes-Benz Research & Development North America, with assistance from Mercedes-Benz USA Urban Mobility Solutions and Xtelligent, to create transportation technology systems that will enhance liveability and environmental sustainability.
  • June 2022: DAIMLER AG subsidiary Mercedes-Benz has launched all-electric EQB SUV in 2022. It provides 2 models for the U.S. market such as Exclusive and Pinnacle.
  • June 2022: Nissan and Wallbox, a major provider of electric vehicle charging solutions are working together to provide Nissan electric car owners with a convenient one-stop-shop for their home charging requirements.

Electric Cars Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  2. 2. KEY INDUSTRY TRENDS

    1. 2.1. Population

    2. 2.2. GDP

    3. 2.3. CVP

    4. 2.4. Inflation Rate

    5. 2.5. Interest Rate For Auto Loans

    6. 2.6. Battery Price (per Kwh)

    7. 2.7. Logistics Performance Index

    8. 2.8. Electrification Impact

    9. 2.9. New XEV Models Announced

    10. 2.10. Charging Stations Deployment

    11. 2.11. Regulatory Framework

    12. 2.12. Value Chain & Distribution Channel Analysis

  3. 3. MARKET SEGMENTATION

    1. 3.1. Body Type

      1. 3.1.1. Passenger Cars

        1. 3.1.1.1. Hatchback

        2. 3.1.1.2. Multi-purpose Vehicle

        3. 3.1.1.3. Sedan

        4. 3.1.1.4. Sports Utility Vehicle

    2. 3.2. Fuel Type

      1. 3.2.1. BEV

      2. 3.2.2. FCEV

      3. 3.2.3. HEV

      4. 3.2.4. PHEV

    3. 3.3. Region

      1. 3.3.1. Africa

        1. 3.3.1.1. South Africa

      2. 3.3.2. Asia-Pacific

        1. 3.3.2.1. Australia

        2. 3.3.2.2. China

        3. 3.3.2.3. India

        4. 3.3.2.4. Indonesia

        5. 3.3.2.5. Japan

        6. 3.3.2.6. Malaysia

        7. 3.3.2.7. South Korea

        8. 3.3.2.8. Thailand

        9. 3.3.2.9. Rest-of-APAC

      3. 3.3.3. Europe

        1. 3.3.3.1. Austria

        2. 3.3.3.2. Belgium

        3. 3.3.3.3. Czech Republic

        4. 3.3.3.4. Denmark

        5. 3.3.3.5. Estonia

        6. 3.3.3.6. France

        7. 3.3.3.7. Germany

        8. 3.3.3.8. Ireland

        9. 3.3.3.9. Italy

        10. 3.3.3.10. Latvia

        11. 3.3.3.11. Lithuania

        12. 3.3.3.12. Norway

        13. 3.3.3.13. Poland

        14. 3.3.3.14. Russia

        15. 3.3.3.15. Spain

        16. 3.3.3.16. Sweden

        17. 3.3.3.17. UK

        18. 3.3.3.18. Rest-of-Europe

      4. 3.3.4. Middle East

        1. 3.3.4.1. UAE

        2. 3.3.4.2. Rest-of-MEA

      5. 3.3.5. Miidle East

      6. 3.3.6. North America

        1. 3.3.6.1. Canada

        2. 3.3.6.2. Mexico

        3. 3.3.6.3. US

        4. 3.3.6.4. Rest-of-North America

      7. 3.3.7. South America

        1. 3.3.7.1. Rest-of-Latin America

  4. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles

      1. 4.4.1. BYD Motors Inc.

      2. 4.4.2. Daimler AG

      3. 4.4.3. Ford Motor Company

      4. 4.4.4. General Motors Company

      5. 4.4.5. Groupe Renault

      6. 4.4.6. Nissan Motor Company Ltd

      7. 4.4.7. Tesla Inc.

      8. 4.4.8. Toyota motor corporation

      9. 4.4.9. Volkswagen AG

  5. 5. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

  6. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

    Figure 1:  

    GLOBAL ELECTRIC CARS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026

    Figure 2:  

    GLOBAL ELECTRIC CARS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026

    Figure 3:  

    GLOBAL ELECTRIC CARS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026

    Figure 4:  

    GLOBAL ELECTRIC CARS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026

    Figure 5:  

    GLOBAL ELECTRIC CARS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026

    Figure 6:  

    GLOBAL ELECTRIC CARS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026

    Figure 7:  

    GLOBAL ELECTRIC CARS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026

    Figure 8:  

    GLOBAL ELECTRIC CARS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026

    Figure 9:  

    GLOBAL ELECTRIC CARS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026

    Figure 10:  

    GLOBAL ELECTRIC CARS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026

    Figure 11:  

    GLOBAL ELECTRIC CARS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026

    Figure 12:  

    GLOBAL ELECTRIC CARS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026

    Figure 13:  

    GLOBAL ELECTRIC CARS MARKET, CVP YOY GROWTH RATE, 2016 – 2027

    Figure 14:  

    GLOBAL ELECTRIC CARS MARKET, CVP YOY GROWTH RATE, 2016 – 2027

    Figure 15:  

    GLOBAL ELECTRIC CARS MARKET, CVP YOY GROWTH RATE, 2016 – 2027

    Figure 16:  

    GLOBAL ELECTRIC CARS MARKET, CVP YOY GROWTH RATE, 2016 – 2027

    Figure 17:  

    GLOBAL ELECTRIC CARS MARKET, CVP YOY GROWTH RATE, 2016 – 2027

    Figure 18:  

    GLOBAL ELECTRIC CARS MARKET, CVP YOY GROWTH RATE, 2016 – 2027

    Figure 19:  

    GLOBAL ELECTRIC CARS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 20:  

    GLOBAL ELECTRIC CARS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 21:  

    GLOBAL ELECTRIC CARS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 22:  

    GLOBAL ELECTRIC CARS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 23:  

    GLOBAL ELECTRIC CARS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 24:  

    GLOBAL ELECTRIC CARS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 25:  

    GLOBAL ELECTRIC CARS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 26:  

    GLOBAL ELECTRIC CARS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 27:  

    GLOBAL ELECTRIC CARS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 28:  

    GLOBAL ELECTRIC CARS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 29:  

    GLOBAL ELECTRIC CARS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 30:  

    GLOBAL ELECTRIC CARS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 31:  

    GLOBAL ELECTRIC CARS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026

    Figure 32:  

    GLOBAL ELECTRIC CARS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026

    Figure 33:  

    GLOBAL ELECTRIC CARS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026

    Figure 34:  

    GLOBAL ELECTRIC CARS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026

    Figure 35:  

    GLOBAL ELECTRIC CARS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026

    Figure 36:  

    GLOBAL ELECTRIC CARS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026

    Figure 37:  

    GLOBAL ELECTRIC CARS MARKET, LPI YOY GROWTH RATE, 2016 – 2026

    Figure 38:  

    GLOBAL ELECTRIC CARS MARKET, LPI YOY GROWTH RATE, 2016 – 2026

    Figure 39:  

    GLOBAL ELECTRIC CARS MARKET, LPI YOY GROWTH RATE, 2016 – 2026

    Figure 40:  

    GLOBAL ELECTRIC CARS MARKET, LPI YOY GROWTH RATE, 2016 – 2026

    Figure 41:  

    GLOBAL ELECTRIC CARS MARKET, LPI YOY GROWTH RATE, 2016 – 2026

    Figure 42:  

    GLOBAL ELECTRIC CARS MARKET, LPI YOY GROWTH RATE, 2016 – 2026

    Figure 43:  

    GLOBAL ELECTRIC CARS MARKET, ELECTRIFICATION IMPACT, VOLUME, YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 44:  

    GLOBAL ELECTRIC CARS MARKET, CHARGING STATIONS DEPLOYMENT, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026

    Figure 45:  

    GLOBAL ELECTRIC CARS MARKET, VOLUME IN UNITS, 2016 – 2026

    Figure 46:  

    GLOBAL ELECTRIC CARS MARKET, VALUE IN USD, 2016 – 2026

    Figure 47:  

    GLOBAL ELECTRIC CARS MARKET, BY SUB BODY TYPE, BY VOLUME IN UNITS, 2016-2028

    Figure 48:  

    GLOBAL ELECTRIC CARS MARKET, BY SUB BODY TYPE, BY VALUE IN USD, 2016-2028

    Figure 49:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028

    Figure 50:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028

    Figure 51:  

    GLOBAL ELECTRIC CARS MARKET, BY HATCHBACK, BY VOLUME IN UNITS, 2016-2028

    Figure 52:  

    GLOBAL ELECTRIC CARS MARKET, BY HATCHBACK, BY VALUE IN USD, 2016-2028

    Figure 53:  

    GLOBAL ELECTRIC CARS MARKET, BY MULTI-PURPOSE VEHICLE, BY VOLUME IN UNITS, 2016-2028

    Figure 54:  

    GLOBAL ELECTRIC CARS MARKET, BY MULTI-PURPOSE VEHICLE, BY VALUE IN USD, 2016-2028

    Figure 55:  

    GLOBAL ELECTRIC CARS MARKET, BY SEDAN, BY VOLUME IN UNITS, 2016-2028

    Figure 56:  

    GLOBAL ELECTRIC CARS MARKET, BY SEDAN, BY VALUE IN USD, 2016-2028

    Figure 57:  

    GLOBAL ELECTRIC CARS MARKET, BY SPORTS UTILITY VEHICLE, BY VOLUME IN UNITS, 2016-2028

    Figure 58:  

    GLOBAL ELECTRIC CARS MARKET, BY SPORTS UTILITY VEHICLE, BY VALUE IN USD, 2016-2028

    Figure 59:  

    GLOBAL ELECTRIC CARS MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028

    Figure 60:  

    GLOBAL ELECTRIC CARS MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028

    Figure 61:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028

    Figure 62:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028

    Figure 63:  

    GLOBAL ELECTRIC CARS MARKET, BY BEV, BY VOLUME IN UNITS, 2016-2028

    Figure 64:  

    GLOBAL ELECTRIC CARS MARKET, BY BEV, BY VALUE IN USD, 2016-2028

    Figure 65:  

    GLOBAL ELECTRIC CARS MARKET, BY FCEV, BY VOLUME IN UNITS, 2016-2028

    Figure 66:  

    GLOBAL ELECTRIC CARS MARKET, BY FCEV, BY VALUE IN USD, 2016-2028

    Figure 67:  

    GLOBAL ELECTRIC CARS MARKET, BY HEV, BY VOLUME IN UNITS, 2016-2028

    Figure 68:  

    GLOBAL ELECTRIC CARS MARKET, BY HEV, BY VALUE IN USD, 2016-2028

    Figure 69:  

    GLOBAL ELECTRIC CARS MARKET, BY PHEV, BY VOLUME IN UNITS, 2016-2028

    Figure 70:  

    GLOBAL ELECTRIC CARS MARKET, BY PHEV, BY VALUE IN USD, 2016-2028

    Figure 71:  

    GLOBAL ELECTRIC CARS MARKET, BY REGION, BY VOLUME IN UNITS, 2016-2028

    Figure 72:  

    GLOBAL ELECTRIC CARS MARKET, BY REGION, BY VALUE IN USD, 2016-2028

    Figure 73:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY REGION, 2016 - 2028

    Figure 74:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY REGION, 2016 - 2028

    Figure 75:  

    GLOBAL ELECTRIC CARS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

    Figure 76:  

    GLOBAL ELECTRIC CARS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

    Figure 77:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 78:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 79:  

    GLOBAL ELECTRIC CARS MARKET, BY SOUTH AFRICA, BY VOLUME IN UNITS, 2016-2028

    Figure 80:  

    GLOBAL ELECTRIC CARS MARKET, BY SOUTH AFRICA, BY VALUE IN USD, 2016-2028

    Figure 81:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 82:  

    GLOBAL ELECTRIC CARS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

    Figure 83:  

    GLOBAL ELECTRIC CARS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

    Figure 84:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 85:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 86:  

    GLOBAL ELECTRIC CARS MARKET, BY AUSTRALIA, BY VOLUME IN UNITS, 2016-2028

    Figure 87:  

    GLOBAL ELECTRIC CARS MARKET, BY AUSTRALIA, BY VALUE IN USD, 2016-2028

    Figure 88:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 89:  

    GLOBAL ELECTRIC CARS MARKET, BY CHINA, BY VOLUME IN UNITS, 2016-2028

    Figure 90:  

    GLOBAL ELECTRIC CARS MARKET, BY CHINA, BY VALUE IN USD, 2016-2028

    Figure 91:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 92:  

    GLOBAL ELECTRIC CARS MARKET, BY INDIA, BY VOLUME IN UNITS, 2016-2028

    Figure 93:  

    GLOBAL ELECTRIC CARS MARKET, BY INDIA, BY VALUE IN USD, 2016-2028

    Figure 94:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 95:  

    GLOBAL ELECTRIC CARS MARKET, BY INDONESIA, BY VOLUME IN UNITS, 2016-2028

    Figure 96:  

    GLOBAL ELECTRIC CARS MARKET, BY INDONESIA, BY VALUE IN USD, 2016-2028

    Figure 97:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 98:  

    GLOBAL ELECTRIC CARS MARKET, BY JAPAN, BY VOLUME IN UNITS, 2016-2028

    Figure 99:  

    GLOBAL ELECTRIC CARS MARKET, BY JAPAN, BY VALUE IN USD, 2016-2028

    Figure 100:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 101:  

    GLOBAL ELECTRIC CARS MARKET, BY MALAYSIA, BY VOLUME IN UNITS, 2016-2028

    Figure 102:  

    GLOBAL ELECTRIC CARS MARKET, BY MALAYSIA, BY VALUE IN USD, 2016-2028

    Figure 103:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 104:  

    GLOBAL ELECTRIC CARS MARKET, BY SOUTH KOREA, BY VOLUME IN UNITS, 2016-2028

    Figure 105:  

    GLOBAL ELECTRIC CARS MARKET, BY SOUTH KOREA, BY VALUE IN USD, 2016-2028

    Figure 106:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 107:  

    GLOBAL ELECTRIC CARS MARKET, BY THAILAND, BY VOLUME IN UNITS, 2016-2028

    Figure 108:  

    GLOBAL ELECTRIC CARS MARKET, BY THAILAND, BY VALUE IN USD, 2016-2028

    Figure 109:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 110:  

    GLOBAL ELECTRIC CARS MARKET, BY REST-OF-APAC, BY VOLUME IN UNITS, 2016-2028

    Figure 111:  

    GLOBAL ELECTRIC CARS MARKET, BY REST-OF-APAC, BY VALUE IN USD, 2016-2028

    Figure 112:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 113:  

    GLOBAL ELECTRIC CARS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

    Figure 114:  

    GLOBAL ELECTRIC CARS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

    Figure 115:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 116:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 117:  

    GLOBAL ELECTRIC CARS MARKET, BY AUSTRIA, BY VOLUME IN UNITS, 2016-2028

    Figure 118:  

    GLOBAL ELECTRIC CARS MARKET, BY AUSTRIA, BY VALUE IN USD, 2016-2028

    Figure 119:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 120:  

    GLOBAL ELECTRIC CARS MARKET, BY BELGIUM, BY VOLUME IN UNITS, 2016-2028

    Figure 121:  

    GLOBAL ELECTRIC CARS MARKET, BY BELGIUM, BY VALUE IN USD, 2016-2028

    Figure 122:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 123:  

    GLOBAL ELECTRIC CARS MARKET, BY CZECH REPUBLIC, BY VOLUME IN UNITS, 2016-2028

    Figure 124:  

    GLOBAL ELECTRIC CARS MARKET, BY CZECH REPUBLIC, BY VALUE IN USD, 2016-2028

    Figure 125:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 126:  

    GLOBAL ELECTRIC CARS MARKET, BY DENMARK, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET, BY DENMARK, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL ELECTRIC CARS MARKET, BY ESTONIA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET, BY ESTONIA, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL ELECTRIC CARS MARKET, BY FRANCE, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET, BY FRANCE, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 135:  

    GLOBAL ELECTRIC CARS MARKET, BY GERMANY, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET, BY GERMANY, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL ELECTRIC CARS MARKET, BY IRELAND, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET, BY IRELAND, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL ELECTRIC CARS MARKET, BY ITALY, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET, BY ITALY, BY VALUE IN USD, 2016-2028

    Figure 143:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL ELECTRIC CARS MARKET, BY LATVIA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET, BY LATVIA, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL ELECTRIC CARS MARKET, BY LITHUANIA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET, BY LITHUANIA, BY VALUE IN USD, 2016-2028

    Figure 149:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL ELECTRIC CARS MARKET, BY NORWAY, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET, BY NORWAY, BY VALUE IN USD, 2016-2028

    Figure 152:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL ELECTRIC CARS MARKET, BY POLAND, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET, BY POLAND, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL ELECTRIC CARS MARKET, BY RUSSIA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET, BY RUSSIA, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL ELECTRIC CARS MARKET, BY SPAIN, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET, BY SPAIN, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL ELECTRIC CARS MARKET, BY SWEDEN, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET, BY SWEDEN, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL ELECTRIC CARS MARKET, BY UK, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET, BY UK, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL ELECTRIC CARS MARKET, BY REST-OF-EUROPE, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET, BY REST-OF-EUROPE, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL ELECTRIC CARS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

    Figure 173:  

    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL ELECTRIC CARS MARKET, BY UAE, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET, BY UAE, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL ELECTRIC CARS MARKET, BY REST-OF-MEA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET, BY REST-OF-MEA, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL ELECTRIC CARS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL ELECTRIC CARS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL ELECTRIC CARS MARKET, BY CANADA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET, BY CANADA, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL ELECTRIC CARS MARKET, BY MEXICO, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET, BY MEXICO, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL ELECTRIC CARS MARKET, BY US, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET, BY US, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL ELECTRIC CARS MARKET, BY REST-OF-NORTH AMERICA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET, BY REST-OF-NORTH AMERICA, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL ELECTRIC CARS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL ELECTRIC CARS MARKET, BY REST-OF-LATIN AMERICA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET, BY REST-OF-LATIN AMERICA, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 208:  

    GLOBAL ELECTRIC CARS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021

    Figure 209:  

    GLOBAL ELECTRIC CARS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021

    Figure 210:  

    GLOBAL ELECTRIC CARS MARKET SHARE(%), BY MAJOR PLAYERS, 2021

Market Definition

  • Body Type - Passenger cars are electric motor– or engine-driven vehicles with at least four wheels. These vehicles are used for the transport of passengers and comprise no more than eight seats in addition to the driver’s seat.
  • Engine Type - Hybrid and electric vehicles are vehicles that run on batteries and use one or more electric motors for propulsion.
  • Fuel Type - Hybrid and electric vehicles include HEV, PHEV, BEV, and FCEV.
  • Sub Body Type - The sub-body type includes Hatchback, Sedan, SUV, and MPV.
  • Vehicle Type - Passenger vehicles which includes electric powered cars and vehicles, sports utility vehicles, multipurpose vehicles

For any queries related to market definition, click here to schedule a call with our analysts.

Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms

For any queries related to research methodology, click here to schedule a call with our analysts.

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Electric Cars Market Research FAQs

The Global Electric Cars Market is studied from 2016 - 2028.

The Global Electric Cars Market is growing at a CAGR of 0.21% over the next 5 years.

Sports Utility Vehicle is growing at the highest CAGR over 2016 - 2028.

Europe holds highest share in 2021.

BYD Motors Inc., General Motors Company, Groupe Renault, Tesla Inc., Volkswagen AG are the major companies operating in Global Electric Cars Market.

Global Electric Cars Industry Report

Statistics for the 2023 Global Electric Cars market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Electric Cars analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.