Market Overview:
The global zero emission vehicle (ZEV) market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as stringent government regulations for emissions, increasing awareness about environment-friendly vehicles and technological advancements in ZEVs. Based on type, the global ZEV market is segmented into battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). BEVs are further classified into light duty passenger cars, heavy commercial vehicles and buses. PHEVs are further classified into light duty passenger cars and buses. Among these segments, BEVs held the largest share of the global ZEV market in 2017. This can be attributed to their high fuel efficiency as compared to other types of conventional internal combustion engine (ICE) vehicles. Furthermore, with governments across various regions implementing stringent regulations for emissions, there is an increase in demand for BEVs which run on electricity instead of petrol or diesel fuel. Based on application, the global ZEV market is segmented into home use and commercial use. Commercial use includes fleet operators such as taxis or delivery vans etc., whereas home use includes personal transportation needs such as travelling within city limits or short distances etc.
 Industry Outlook.svg)
Product Definition:
A zero emissions vehicle is a motor vehicle that emits no pollutants from the tailpipe. The important of zero emissions vehicles is that they help reduce air pollution and climate change.
BEV:
Battery Electric Vehicle (BEV) or Zero Emission Vehicle (ZEV) is a vehicle that uses chemical energy stored in rechargeable battery packs to power the vehicle. BEVs are usually referred to as plug-in hybrid electric vehicles since they can be plugged into an electric outlet and run on battery power alone, but are not true hybrid in nature.
PHEV:
Plug-in Hybrid Electric Vehicle (PHEV) is a hybrid electric vehicle that uses both electricity and fossil fuels. It has more than one power source, which makes it possible to travel long distances using only the energy from the battery. PHEVs have been available for several years; however, they were not affordable to most consumers due to their high purchase price.
Application Insights:
The commercial use segment dominated the global zero emission vehicle market, accounting for over 75% share of the total revenue in 2017. The segment is projected to expand at a CAGR of XX% from 2018 to 2030 owing to various government initiatives such as ¢â‚¬Å“Clean Energy Vehicle Deployment Program¢â‚¬ in China and Norway that support electric car adoption by businesses. Furthermore, companies such as Tesla are focusing on providing charging stations for large-scale commercial vehicles which will help propel growth over the forecast period.
The home use segment accounted for a considerable share of 23% in 2017 and is expected to witness significant growth over the forecast period due to increasing consumer awareness about using electric cars with low emissions at home compared with when they are parked at work or shopping centers where electricity demand can be very high.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 60% of global ZEV sales in 2017 and is expected to continue its dominance over the next eight years. This can be attributed to supportive government policies, increasing disposable income, growing awareness about electric vehicles, and presence of major EV manufacturers in China and Japan.
China has been making huge investments in order to dominate EV production globally by 2020 Olympics as part of its national target on reducing carbon footprint. In addition, Chinese companies are focusing on developing cost-effective EVs with better performance than their competitors based outside China. Such developments are expected to boost demand for ZEVs across Asia Pacific during the forecast period from 2018 to 2030 (see Table 1).
Growth Factors:
- Increasing environmental awareness among consumers
- Stringent government regulations and incentives for ZEVs
- Development of advanced and affordable battery technologies
- Growing demand for luxury cars with enhanced performance and lower emissions
- Proliferation of shared mobility services
Scope Of The Report
Report Attributes
Report Details
Report Title
Zero Emission Vehicle (ZEV) Market Research Report
By Type
BEV, PHEV
By Application
Home Use, Commercial Use
By Companies
Tesla, BYD, SAIC, BAIC, BMW, Hyundai & Kia, GEELY, Nissan, Volkswagen, Renault, JAC, TOYOTA, Mitsubishi, Chery, VOLVO, GAC Motor
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Zero Emission Vehicle (ZEV) Market Report Segments:
The global Zero Emission Vehicle (ZEV) market is segmented on the basis of:
Types
BEV, PHEV
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:
- Tesla
- BYD
- SAIC
- BAIC
- BMW
- Hyundai & Kia
- GEELY
- Nissan
- Volkswagen
- Renault
- JAC
- TOYOTA
- Mitsubishi
- Chery
- VOLVO
- GAC Motor
 Market Overview.svg)
Highlights of The Zero Emission Vehicle (ZEV) 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
- PHEV
- 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 Zero Emission Vehicle (ZEV) 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
 Market Statistics.svg)
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?
Zero emission vehicle (ZEV) is a term used to describe vehicles that produce no emissions from the engine. ZEVs are becoming more popular as they become more affordable and practical, and they have the potential to reduce greenhouse gas emissions by up to 90%.
Some of the key players operating in the zero emission vehicle (zev) market are Tesla, BYD, SAIC, BAIC, BMW, Hyundai & Kia, GEELY, Nissan, Volkswagen, Renault, JAC, TOYOTA, Mitsubishi, Chery, VOLVO, GAC Motor.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Zero Emission Vehicle (ZEV) 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 Zero Emission Vehicle (ZEV) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Zero Emission Vehicle (ZEV) 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 Zero Emission Vehicle (ZEV) 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 Zero Emission Vehicle (ZEV) Market Size & Forecast, 2020-2028
4.5.1 Zero Emission Vehicle (ZEV) Market Size and Y-o-Y Growth
4.5.2 Zero Emission Vehicle (ZEV) 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 PHEV
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 Zero Emission Vehicle (ZEV) 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 Zero Emission Vehicle (ZEV) 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 PHEV
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 PHEV
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 PHEV
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 PHEV
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 PHEV
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 Zero Emission Vehicle (ZEV) Market: Competitive Dashboard
14.2 Global Zero Emission Vehicle (ZEV) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tesla
14.3.2 BYD
14.3.3 SAIC
14.3.4 BAIC
14.3.5 BMW
14.3.6 Hyundai & Kia
14.3.7 GEELY
14.3.8 Nissan
14.3.9 Volkswagen
14.3.10 Renault
14.3.11 JAC
14.3.12 TOYOTA
14.3.13 Mitsubishi
14.3.14 Chery
14.3.15 VOLVO
14.3.16 GAC Motor
