Market Overview:
The global electric passenger car market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for environment-friendly and fuel-efficient vehicles. Additionally, the government initiatives and subsidies for electric passenger cars are also fueling the growth of this market. The global electric passenger car market is segmented on the basis of type, application, and region. On the basis of type, it is divided into PHEVs (plug-in hybrid electric vehicles) and BEVs (battery electric vehicles). PHEVs are expected to dominate this market during the forecast period owing to their high fuel efficiency as compared to BEVs. On the basis of application, it is classified into commute, tourism, business travel, and other applications.
Product Definition:
An electric passenger car is a type of battery-electric vehicle that typically has four doors and room for up to five passengers. Electric passenger cars are quiet, emissions-free, and have a fast charging time. They are becoming increasingly popular due to their low cost of ownership and environmental benefits.
PHEV:
Plug-in Hybrid Electric Vehicle (PHEV) is a hybrid electric vehicle that can be used for short-distance travel. It has a small internal combustion engine which acts as a backup in case of low battery power and cannot be relied upon to deliver the required level of performance. PHEVs use electricity as the major source of fuel, instead of conventional fuels, for propulsion.
BEV:
Battery Electric Vehicle (BEV) is a vehicle that uses chemical energy stored in rechargeable battery packs. The main components of BEV include motor, drivetrain, and rechargeable battery. Currently, there are two types of BEVs - plug-in hybrid electric vehicles (PHEVs) and full-electric vehicles (HEVs).
Application Insights:
The other application segment includes personal and public transportation. Personal transportation includes use of passenger cars for daily commute to work or school, while public transportation comprises use of electric buses or trains for commercial purposes, such as traveling to and from the city center. The market is categorized based on the application into business, tourism, commute and others. The others segment mainly comprises government applications in countries where taxicabs are not available on a permanent basis due to high demand or low supply.
Electric passenger cars are majorly used for business travel owing to their ability to zip through congested traffic with ease and comfort along with improved safety features compared with conventional vehicles.
Regional Analysis:
The Asia Pacific regional market accounted for the largest share of over 55% in 2017. The region is projected to maintain its lead over the forecast period owing to increasing government initiatives and investments in EV infrastructure. China, Japan, and India are some of the countries investing heavily in EVs due to various policy reforms by respective governments. For instance, China has implemented a National EV Strategy that focuses on developing domestic electric vehicle production capacity along with supporting infrastructure such as charging stations across all provinces by 2020.
North America is expected to witness significant growth from 2018 to 2030 owing their early adoption of BEVs across passenger cars as well as commercial vehicles for fleet operations.
Growth Factors:
- Increasing demand for electric passenger cars from the developing countries as a result of rising income levels and awareness about the benefits of electric vehicles.
- Stringent emission norms by governments across the world to promote use of electric passenger cars and reduce environmental pollution levels.
- Introduction of new models and variants of electric passenger cars by leading automakers, aimed at capturing a larger share in this growing market segment.
- Growing popularity of ride-sharing services, which is expected to boost sales of electric passenger cars in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Passenger Car Market Research Report
By Type
PHEV, BEV
By Application
Commute, Tourism, Business, Other
By Companies
Nissan, BMW, Toyota, Ford, GM, Audi, Tesla, Hyundai, Volkswagen, Renault, Nissan
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
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Electric Passenger Car Market Report Segments:
The global Electric Passenger Car market is segmented on the basis of:
Types
PHEV, BEV
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
Commute, Tourism, Business, Other
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:
- Nissan
- BMW
- Toyota
- Ford
- GM
- Audi
- Tesla
- Hyundai
- Volkswagen
- Renault
- Nissan
Highlights of The Electric Passenger Car 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:
- PHEV
- BEV
- By Application:
- Commute
- Tourism
- Business
- Other
- 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 Passenger Car 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?
An electric passenger car is a type of vehicle that uses electricity as its primary source of power. Electric cars are becoming more popular because they are environmentally friendly and have low emissions.
Some of the major players in the electric passenger car market are Nissan, BMW, Toyota, Ford, GM, Audi, Tesla, Hyundai, Volkswagen, Renault, Nissan.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Passenger Car 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 Passenger Car Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Passenger Car 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 Passenger Car 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 Passenger Car Market Size & Forecast, 2020-2028
4.5.1 Electric Passenger Car Market Size and Y-o-Y Growth
4.5.2 Electric Passenger Car Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 PHEV
5.2.2 BEV
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Commute
6.2.2 Tourism
6.2.3 Business
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Passenger Car 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 Passenger Car 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 PHEV
9.6.2 BEV
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 Market Size Forecast by Applications
9.10.1 Commute
9.10.2 Tourism
9.10.3 Business
9.10.4 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 PHEV
10.6.2 BEV
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 Market Size Forecast by Applications
10.10.1 Commute
10.10.2 Tourism
10.10.3 Business
10.10.4 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 PHEV
11.6.2 BEV
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 Market Size Forecast by Applications
11.10.1 Commute
11.10.2 Tourism
11.10.3 Business
11.10.4 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 PHEV
12.6.2 BEV
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 Market Size Forecast by Applications
12.10.1 Commute
12.10.2 Tourism
12.10.3 Business
12.10.4 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 PHEV
13.6.2 BEV
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) Market Size Forecast by Applications
13.10.1 Commute
13.10.2 Tourism
13.10.3 Business
13.10.4 Other
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 Passenger Car Market: Competitive Dashboard
14.2 Global Electric Passenger Car Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nissan
14.3.2 BMW
14.3.3 Toyota
14.3.4 Ford
14.3.5 GM
14.3.6 Audi
14.3.7 Tesla
14.3.8 Hyundai
14.3.9 Volkswagen
14.3.10 Renault
14.3.11 Nissan
