Market Overview:
The global electric and hybrid cars market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for environment-friendly vehicles, rising fuel prices, and government initiatives towards the adoption of electric and hybrid cars. Electric vehicles are expected to dominate the global electric and hybrid cars market during the forecast period. This can be attributed to their high efficiency as compared to traditional gasoline-powered vehicles, growing popularity among consumers, and increasing government incentives for their adoption. Hybrid vehicles are also expected to witness significant growth during the forecast period owing to their ability to switch between an electric mode and a gasoline mode depending on driving conditions. Passenger cars are anticipated constitute a larger share of the global electric and hybrid cars market as compared with commercial vehicles during 2018–2030 owing higher consumer preference for these types of automobiles across regions.
Product Definition:
electric and hybrid cars are vehicles that use electric motors to power the car, as well as an on-board rechargeable battery pack, to help reduce fuel consumption and emissions when compared to traditional gasoline-powered cars. they can come in either all-electric or plug-in hybrid varieties.
Electric Vehicle (EV):
An electric vehicle (EV) is a vehicle that uses electrical energy generated by rechargeable battery packs instead of conventional fuel. EVs are classified into two types: series and parallel hybrid. A series hybrid has a single motor, traction battery, and power source; whereas, a parallel hybrid has multiple motors connected to the same traction battery. The most common type of EV used in the market is Series Hybrid Electric Vehicle (HEV).
Hybrid Vehicle (HV):
Hybrid Vehicle (HV) and it's usage in Electric and Hybrid Cars market? HV is a vehicle with two power sources, typically from different technologies that can be combined to produce a greater effect than either technology alone. It is designed to improve fuel economy and reduce emissions.
Application Insights:
The passenger car segment accounted for the largest revenue share of over 60% in 2017. The growth can be attributed to the increasing production of passenger cars in economies, such as China, India and Japan. Government initiatives promoting electric vehicles including tax rebates and subsidies are also expected to boost market growth over the forecast period. For instance, in December 2017, Nissan announced that it will provide a subsidy of USD 15 thousand for customers who purchase its Leaf electric car within two years.
Commercial vehicle segment is projected to witness significant CAGR during the forecast period owing to rising demand from countries with developing economies such as Brazil and Russia. Increasing use of commercial EVs on account of their ability to haul heavy loads coupled with low maintenance cost is anticipated fuel market growth over the coming years.
Regional Analysis:
North America accounted for the largest share of over 40% in 2017. The region is expected to maintain its lead throughout the forecast period owing to increasing government initiatives and investments coupled with supportive regulations. For instance, in 2018, U.S Department of Energy (DOE) announced a USD X million investment for supporting electric vehicles manufacturing in Georgia and South Carolina through a program called “Advanced Technology Vehicles Manufacturing (ATVM) Program†which is aimed at promoting domestic production of light-duty electric vehicles.
Asia Pacific regional market captured significant growth from 2018 to 2030 as several countries including China, India, Japan are investing heavily on hybrid cars production and distribution networks across the region as well as globally.
Growth Factors:
- Increasing environmental awareness among consumers
- Government initiatives and subsidies for electric and hybrid cars
- Rising oil prices
- Technological advancements in electric and hybrid car batteries, motors, and charging infrastructure
- Growing demand for luxury cars
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric and Hybrid Cars Market Research Report
By Type
Electric Vehicle (EV), Hybrid Vehicle (HV)
By Application
Passenger Car, Commercial Vehicle
By Companies
Toyota, Tesla, BMW, Nissan, Chevrolet, Ford, Tata Motors, Volkswagen, KIA, Hyundai
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Electric and Hybrid Cars Market Report Segments:
The global Electric and Hybrid Cars market is segmented on the basis of:
Types
Electric Vehicle (EV), Hybrid Vehicle (HV)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Toyota
- Tesla
- BMW
- Nissan
- Chevrolet
- Ford
- Tata Motors
- Volkswagen
- KIA
- Hyundai
Highlights of The Electric and Hybrid Cars Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electric Vehicle (EV)
- Hybrid Vehicle (HV)
- By Application:
- Passenger Car
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric and Hybrid Cars Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric and hybrid cars are powered by electricity from batteries or a fuel cell. The electric motor turns the wheels, while the fuel cell converts chemical energy into electrical energy to power the car.
Some of the major companies in the electric and hybrid cars market are Toyota, Tesla, BMW, Nissan, Chevrolet, Ford, Tata Motors, Volkswagen, KIA, Hyundai.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric and Hybrid Cars Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Electric and Hybrid Cars Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Electric and Hybrid Cars Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Electric and Hybrid Cars Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Electric and Hybrid Cars Market Size & Forecast, 2018-2028 4.5.1 Electric and Hybrid Cars Market Size and Y-o-Y Growth 4.5.2 Electric and Hybrid Cars Market Absolute $ Opportunity
Chapter 5 Global Electric and Hybrid Cars Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electric and Hybrid Cars Market Size Forecast by Type
5.2.1 Electric Vehicle (EV)
5.2.2 Hybrid Vehicle (HV)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric and Hybrid Cars Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electric and Hybrid Cars Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric and Hybrid Cars Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric and Hybrid Cars Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electric and Hybrid Cars Analysis and Forecast
9.1 Introduction
9.2 North America Electric and Hybrid Cars Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electric and Hybrid Cars Market Size Forecast by Type
9.6.1 Electric Vehicle (EV)
9.6.2 Hybrid Vehicle (HV)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electric and Hybrid Cars Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electric and Hybrid Cars Analysis and Forecast
10.1 Introduction
10.2 Europe Electric and Hybrid Cars Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electric and Hybrid Cars Market Size Forecast by Type
10.6.1 Electric Vehicle (EV)
10.6.2 Hybrid Vehicle (HV)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electric and Hybrid Cars Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electric and Hybrid Cars Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric and Hybrid Cars Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electric and Hybrid Cars Market Size Forecast by Type
11.6.1 Electric Vehicle (EV)
11.6.2 Hybrid Vehicle (HV)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electric and Hybrid Cars Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electric and Hybrid Cars Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric and Hybrid Cars Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electric and Hybrid Cars Market Size Forecast by Type
12.6.1 Electric Vehicle (EV)
12.6.2 Hybrid Vehicle (HV)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electric and Hybrid Cars Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electric and Hybrid Cars Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric and Hybrid Cars Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electric and Hybrid Cars Market Size Forecast by Type
13.6.1 Electric Vehicle (EV)
13.6.2 Hybrid Vehicle (HV)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electric and Hybrid Cars Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric and Hybrid Cars Market: Competitive Dashboard
14.2 Global Electric and Hybrid Cars Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Toyota
14.3.2 Tesla
14.3.3 BMW
14.3.4 Nissan
14.3.5 Chevrolet
14.3.6 Ford
14.3.7 Tata Motors
14.3.8 Volkswagen
14.3.9 KIA
14.3.10 Hyundai