Market Overview:
The global lithium-ion electric vehicle 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 electric vehicles across the globe, owing to their low emissions and high fuel efficiency. In addition, government initiatives and subsidies for electric vehicles are also contributing to the growth of this market. The global lithium-ion electric vehicle market can be segmented on the basis of type into BEVs and HEVs. The BEV segment is expected to account for a larger share of the global lithium-ion electric vehicle market than the HEV segment during the forecast period. This can be attributed to factors such as increasing consumer preference for zero emission vehicles and rising awareness about benefits offered by BEVs over HEVs.
Product Definition:
A lithium-ion electric vehicle is a type of battery-powered electric vehicle that uses lithium ion cells as its energy storage medium. The high energy density and long life of these cells make them well suited for use in electric vehicles.
BEV:
Battery Electric Vehicle (BEV) or Battery-Electric Vehicle (BEV) is a type of electric vehicle that uses chemical energy stored in rechargeable battery packs to power the vehicle. BEVs are distinct from hybrid electric vehicles, which use a combination of internal combustion engine and batteries. BEVs can be driven entirely by electricity and do not require any fossil fuel supply, unlike conventional hybrid vehicles.
HEV:
HEV is High-Energy Vehicle and it's used in Lithium-Ion Electric Vehicle market. It has higher energy density than conventional batteries and can provide more power to the vehicle. HEV uses liquid electrolyte that is a conductive fluid which allows electric current to flow between battery cells, when all of the cells are fully charged.
Application Insights:
The commercial use segment dominated the overall market in 2017 and is expected to witness significant growth over the forecast period. The growing adoption of electric vehicles in corporate fleets, public transport and logistics is anticipated to drive the demand for lithium-ion batteries over the forecast period.
The home use segment accounted for a major share of 37.6% in terms of revenue on account of high consumer awareness regarding benefits such as reduced carbon emissions, improved driving experience due to increased range capabilities and lower maintenance cost associated with electric vehicles as compared to conventional gasoline-powered cars. Furthermore, increasing availability of residential charging stations along with rising income levels are anticipated to propel demand over the coming years.
Increasing R&D investments by major automotive manufacturers such as Tesla Inc., BMW AG Corporation; Daimler AG; Ford Motor Company; General Motors Company LLC.
Regional Analysis:
Asia Pacific region dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key players, availability of cheap labor, high demand for green cars and government subsidies are some major factors driving the regional market growth. For instance, in India, companies like Mahindra & Mahindra Ltd., Tata Motors Ltd., and Nissan Motor Co., Ltd. have been providing various financial assistance such as loan repayment schemes to buyers of electric vehicles.
Growth Factors:
- Increasing demand for electric vehicles from the automotive sector
- Government initiatives and subsidies for electric vehicles
- Rising consumer awareness about the benefits of electric vehicles
- Technological advancements in lithium-ion batteries and charging infrastructure
- Growing demand for renewable energy sources
Scope Of The Report
Report Attributes
Report Details
Report Title
Lithium-Ion Electric Vehicle Market Research Report
By Type
BEV, HEV
By Application
Home Use, Commercial Use
By Companies
Toyota Kirloskar Motor, Mitsubishi Electric Corporation, Volkswagen, Daimler, Nissan, Tesla, MAHINDRA & MAHINDRA, Renault, BMW, Hyundai Motor, PROTERRA, Volvo
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Lithium-Ion Electric Vehicle Market Report Segments:
The global Lithium-Ion Electric Vehicle market is segmented on the basis of:
Types
BEV, HEV
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
Home Use, Commercial Use
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 Kirloskar Motor
- Mitsubishi Electric Corporation
- Volkswagen
- Daimler
- Nissan
- Tesla
- MAHINDRA & MAHINDRA
- Renault
- BMW
- Hyundai Motor
- PROTERRA
- Volvo
Highlights of The Lithium-Ion Electric Vehicle 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:
- BEV
- HEV
- By Application:
- Home Use
- Commercial Use
- 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 Lithium-Ion Electric Vehicle 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?
A lithium-ion electric vehicle is a type of electric car that uses lithium ion batteries. These batteries are much more powerful than traditional lead acid batteries, and they allow for faster charging times and longer range.
Some of the major players in the lithium-ion electric vehicle market are Toyota Kirloskar Motor, Mitsubishi Electric Corporation, Volkswagen, Daimler, Nissan, Tesla, MAHINDRA & MAHINDRA, Renault, BMW, Hyundai Motor, PROTERRA, Volvo.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lithium-Ion Electric Vehicle 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 Lithium-Ion Electric Vehicle Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lithium-Ion Electric Vehicle 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 Lithium-Ion Electric Vehicle 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 Lithium-Ion Electric Vehicle Market Size & Forecast, 2020-2028
4.5.1 Lithium-Ion Electric Vehicle Market Size and Y-o-Y Growth
4.5.2 Lithium-Ion Electric Vehicle 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 BEV
5.2.2 HEV
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 Home Use
6.2.2 Commercial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lithium-Ion Electric Vehicle 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 Lithium-Ion Electric Vehicle 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 BEV
9.6.2 HEV
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 Home Use
9.10.2 Commercial Use
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 BEV
10.6.2 HEV
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 Home Use
10.10.2 Commercial Use
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 BEV
11.6.2 HEV
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 Home Use
11.10.2 Commercial Use
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 BEV
12.6.2 HEV
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 Home Use
12.10.2 Commercial Use
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 BEV
13.6.2 HEV
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 Home Use
13.10.2 Commercial Use
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 Lithium-Ion Electric Vehicle Market: Competitive Dashboard
14.2 Global Lithium-Ion Electric Vehicle Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Toyota Kirloskar Motor
14.3.2 Mitsubishi Electric Corporation
14.3.3 Volkswagen
14.3.4 Daimler
14.3.5 Nissan
14.3.6 Tesla
14.3.7 MAHINDRA & MAHINDRA
14.3.8 Renault
14.3.9 BMW
14.3.10 Hyundai Motor
14.3.11 PROTERRA
14.3.12 Volvo
