Electric Car Market
Electric Car Market - Global Industry Assessment & Forecast
Segments Covered
- By Type Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Fuel Cell Electric Vehicle
- By Vehicle Class Mid-Priced, Luxury
- By Top Speed Less Than 100 MPH, 100 to 125 MPH, More Than 125 MPH
- By Vehicle Drive Type Front Wheel Drive, Rear Wheel Drive, All Wheel Drive
- By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 124.64 Billion |
Revenue 2030: | USD 491.20 Billion |
Revenue CAGR (2023 - 2030): | 18.70% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | Asia Pacific |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Electric Car Market by Type by Vehicle Class by Top Speed by Vehicle Drive Type by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
Data Triangulation and Market Size Estimations
FAQ
Frequently Asked Question
What is the global demand for Electric Car in terms of revenue?
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The global Electric Car valued at USD 124.64 Billion in 2022 and is expected to reach USD 491.20 Billion in 2030 growing at a CAGR of 18.70%.
Which are the prominent players in the market?
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The prominent players in the market are Tesla, Morris Garages, Tata Motors, BYD, Hyundai, Volkswagen AG, BMW Group, and Nissan Motors.
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 18.70% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Electric Car include
- Reducing prices of EV batteries
Which region accounted for the largest share in the market?
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Asia Pacific was the leading regional segment of the Electric Car in 2022.