Russia Electric Cars Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Russia Electric Cars Market is segmented by Body Type ( Passenger Cars ) and by Fuel Type ( BEV, FCEV, HEV, PHEV )

Russia Electric Cars Market Size

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Russia Electric Cars Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2016 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 585
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 931
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Sub Body Type Sports Utility Vehicle
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 9.74 %
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Sub Body Type Sedan

Major Players

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*Disclaimer: Major Players sorted in no particular order

Key Players

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Russia Electric Cars Market Analysis

The Russia Electric Cars Market size is estimated at USD 585 in 2024, and is expected to reach USD 931 by 2029, growing at a CAGR of 9.74% during the forecast period (2024-2029).

  • Largest Segment by Fuel Type - BEV : In Russia, hybrid electric cars have witnessed the highest growth in the electric car market. Traditional fuel, along with the electric drive option, is enhancing the demand for hybrid cars.
  • Largest Segment by Sub-Body Type - Sports Utility Vehicle : Comfortable rides, better fuel efficiency, and luxury features and more models available are attracting customers, which further makes Sedan the largest sub-body type in electric car sales in Russia.
  • Fastest-growing Segment by Fuel Type - FCEV : Hybrid cars are the fastest-growing fuel type segment due to the advanced technology fusion and match of fossil fuels and electric, which is capturing the interest of consumers.

Russia Electric Cars Market Trends

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

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

Russia Electric Cars Market: Russia Electric Cars Market, CAGR, %, By Sub Body Type, 2022 - 2028

Russia Electric Cars Industry Overview

The Russia Electric Cars Market is fragmented, with the top five companies occupying 30.80%. The major players in this market are AB Volvo, Audi AG, Hyundai Motor Company, Nissan Motor Company Ltd and Tesla Inc. (sorted alphabetically).

Russia Electric Cars Market Leaders

  1. AB Volvo

  2. Audi AG

  3. Hyundai Motor Company

  4. Nissan Motor Company Ltd

  5. Tesla Inc.

*Disclaimer: Major Players sorted in no particular order

Russia Electric Cars Market Concentration
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Russia Electric Cars Market News

  • June 2022: Volkswagen premiered the new ID.4 GTX fully electric vehicle with dual motor-based all wheel drive. The car comes equipped with 3D real-time graphics system that is expected to improve vehicle and passenger safety.
  • April 2022: Audi has just unveiled the third member of the sphere family of concept cars. As the sphere family's starting point is to investigate the cutting edge of technology, the concept car may be self-driving. 5.51 metres long, 2.01 metres wide, and 1.87 metres height make up the Audi urban sphere idea. Nearly 400 horsepower and 690 Nm of torque are produced by the concept's two electric motors.
  • February 2022: Hyundai Motor Company and Shell plc (Shell) have formed a new strategic partnership to look into ways to offer lower-carbon products and services, as well as reduce emissions across their activities. The MOU will draw on the firms' expertise in electric vehicle (EV) charging, hydrogen, low-carbon energy solutions, and digital technologies as possible prospects for both companies to cut carbon emissions.

Russia 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. Electrification Impact

    8. 2.8. Shared Mobility

    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

  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. AB Volvo

      2. 4.4.2. Audi AG

      3. 4.4.3. BMW AG

      4. 4.4.4. Hyundai Motor Company

      5. 4.4.5. Jaguar

      6. 4.4.6. Lexus

      7. 4.4.7. Nissan Motor Company Ltd

      8. 4.4.8. Porsche

      9. 4.4.9. Tesla Inc.

      10. 4.4.10. Tesla Inc.

      11. 4.4.11. 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

  1. Figure 1:  
  2. RUSSIA ELECTRIC CARS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 2:  
  2. RUSSIA ELECTRIC CARS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 3:  
  2. RUSSIA ELECTRIC CARS MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 4:  
  2. RUSSIA ELECTRIC CARS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 5:  
  2. RUSSIA ELECTRIC CARS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 6:  
  2. RUSSIA ELECTRIC CARS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 7:  
  2. RUSSIA ELECTRIC CARS MARKET, ELECTRIFICATION IMPACT, VOLUME, YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 8:  
  2. RUSSIA ELECTRIC CARS MARKET, DISTRIBUTION OF GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY, SHARE %, 2021
  1. Figure 9:  
  2. RUSSIA ELECTRIC CARS MARKET, NEW XEV MODELS ANNOUNCED, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
  1. Figure 10:  
  2. RUSSIA ELECTRIC CARS MARKET, CHARGING STATIONS DEPLOYMENT, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
  1. Figure 11:  
  2. RUSSIA ELECTRIC CARS MARKET, VOLUME IN UNITS, 2016 – 2026
  1. Figure 12:  
  2. RUSSIA ELECTRIC CARS MARKET, VALUE IN USD, 2016 – 2026
  1. Figure 13:  
  2. RUSSIA ELECTRIC CARS MARKET, BY SUB BODY TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 14:  
  2. RUSSIA ELECTRIC CARS MARKET, BY SUB BODY TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 15:  
  2. RUSSIA ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028
  1. Figure 16:  
  2. RUSSIA ELECTRIC CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028
  1. Figure 17:  
  2. RUSSIA ELECTRIC CARS MARKET, BY HATCHBACK, BY VOLUME IN UNITS, 2016-2028
  1. Figure 18:  
  2. RUSSIA ELECTRIC CARS MARKET, BY HATCHBACK, BY VALUE IN USD, 2016-2028
  1. Figure 19:  
  2. RUSSIA ELECTRIC CARS MARKET, BY MULTI-PURPOSE VEHICLE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 20:  
  2. RUSSIA ELECTRIC CARS MARKET, BY MULTI-PURPOSE VEHICLE, BY VALUE IN USD, 2016-2028
  1. Figure 21:  
  2. RUSSIA ELECTRIC CARS MARKET, BY SEDAN, BY VOLUME IN UNITS, 2016-2028
  1. Figure 22:  
  2. RUSSIA ELECTRIC CARS MARKET, BY SEDAN, BY VALUE IN USD, 2016-2028
  1. Figure 23:  
  2. RUSSIA ELECTRIC CARS MARKET, BY SPORTS UTILITY VEHICLE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 24:  
  2. RUSSIA ELECTRIC CARS MARKET, BY SPORTS UTILITY VEHICLE, BY VALUE IN USD, 2016-2028
  1. Figure 25:  
  2. RUSSIA ELECTRIC CARS MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 26:  
  2. RUSSIA ELECTRIC CARS MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 27:  
  2. RUSSIA ELECTRIC CARS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 28:  
  2. RUSSIA ELECTRIC CARS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 29:  
  2. RUSSIA ELECTRIC CARS MARKET, BY BEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 30:  
  2. RUSSIA ELECTRIC CARS MARKET, BY BEV, BY VALUE IN USD, 2016-2028
  1. Figure 31:  
  2. RUSSIA ELECTRIC CARS MARKET, BY FCEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 32:  
  2. RUSSIA ELECTRIC CARS MARKET, BY FCEV, BY VALUE IN USD, 2016-2028
  1. Figure 33:  
  2. RUSSIA ELECTRIC CARS MARKET, BY HEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 34:  
  2. RUSSIA ELECTRIC CARS MARKET, BY HEV, BY VALUE IN USD, 2016-2028
  1. Figure 35:  
  2. RUSSIA ELECTRIC CARS MARKET, BY PHEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 36:  
  2. RUSSIA ELECTRIC CARS MARKET, BY PHEV, BY VALUE IN USD, 2016-2028
  1. Figure 37:  
  2. RUSSIA ELECTRIC CARS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 38:  
  2. RUSSIA ELECTRIC CARS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 39:  
  2. RUSSIA ELECTRIC CARS MARKET SHARE(%), BY MAJOR PLAYERS, 2021

Russia Electric Cars Industry Segmentation

Passenger Cars are covered as segments by Body Type. BEV, FCEV, HEV, PHEV are covered as segments by Fuel Type.
Body Type
Passenger Cars
Hatchback
Multi-purpose Vehicle
Sedan
Sports Utility Vehicle
Fuel Type
BEV
FCEV
HEV
PHEV
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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
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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
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Russia Electric Cars Market Research FAQs

The Russia Electric Cars Market size is expected to reach USD 585 in 2024 and grow at a CAGR of 9.74% to reach USD 931 by 2029.

In 2024, the Russia Electric Cars Market size is expected to reach USD 585.

AB Volvo, Audi AG, Hyundai Motor Company, Nissan Motor Company Ltd and Tesla Inc. are the major companies operating in the Russia Electric Cars Market.

In the Russia Electric Cars Market, the Sports Utility Vehicle segment accounts for the largest share by sub body type.

In 2024, the Sedan segment accounts for the fastest growing by sub body type in the Russia Electric Cars Market.

In 2023, the Russia Electric Cars Market size was estimated at USD 515. The report covers the Russia Electric Cars Market historical market size for years: 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Russia Electric Cars Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Russia Electric Cars Industry Report

Statistics for the 2024 Russia Electric Cars market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Russia Electric Cars analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Russia Electric Cars Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029