Market Overview:
The global hybrid cars and EVs 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 vehicles. The global hybrid cars and EVs market by type is segmented into HEVs, PHEVs, and EVs. The HEV segment is expected to hold the largest share of the global hybrid cars and EVs market by type during the forecast period. This can be attributed to their high fuel efficiency as compared to traditional gasoline-powered vehicles.
Product Definition:
A hybrid car is a vehicle that uses two or more power sources to move the vehicle. The most common type of hybrid car uses a gasoline engine and an electric motor. The electric motor is powered by batteries. A plug-in hybrid car can also be plugged into an electrical outlet to recharge the batteries.
Electric vehicles (EVs) are cars that run entirely on electricity. They have a battery pack that powers one or more electric motors.
HEV:
Hybrid Electric Vehicle (HEV) is a vehicle that uses more than one source of power to move. It can be powered by conventional sources such as fossil fuels or alternative sources such as electricity. Some HEVs use a combination of both, i.e., they can run on both battery and fuel at the same time using an internal combustion engine to recharge the battery pack for added range extending functionality.
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 helps in extending the range of the vehicle. The PHEV uses primarily electricity and battery power to operate, with some assistance from an internal combustion engine which enhances fuel economy and reduces emissions significantly as compared to conventional vehicles.
Application Insights:
The commercial use segment dominated the global market with a revenue share of over 60% in 2017. The growing number of companies offering various financial and non-financial benefits to their employees is expected to increase the demand for EVs in corporate fleets. Furthermore, governments across various countries are promoting the usage of hybrid cars and EVs by providing subsidies for their purchase or leasing them. For instance, in 2016, Government of Netherlands provided about ¢â€š¹65,000 subsidy per EV/PHEV unit to encourage its citizens to opt for such vehicles when purchasing new cars.
The home use segment is projected register a CAGR exceeding 20% from 2018 to 2030 owingto increasing consumer awareness regarding cost-effective ways of reducing carbon emissions without compromising on vehicle performance or comfort requirements while driving down the highway at speeds above 65 mph (105 km/h).
Regional Analysis:
Asia Pacific regional market accounted for the largest share of global hybrid cars and EVs in 2017. The region is projected to maintain its lead over the next eight years owing to increasing government initiatives, favorable regulations, and rising disposable income. China is anticipated to remain a key consumer as well as producer of these vehicles on account of low production cost coupled with large scale adoption by domestic consumers.
North America region accounted for a significant share in terms of sales volume owing to high demand from U.S., which has been one of the major markets across all categories including passenger cars, trucks, and motorcycles since past few decades.
Europe regional market also holds considerable potential for growth over the forecast period due to growing environmental concerns among consumers along with government support towards development & manufacturing clean energy vehicles for commercial use will boost industry growth over coming years .
Growth Factors:
- Increasing environmental awareness among consumers
- Government initiatives and subsidies for electric vehicles
- Reduction in the cost of batteries and other components
- Improved charging infrastructure
- Increased consumer preference for alternatively fueled vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Hybrid Cars and EVs Market Research Report
By Type
HEV, PHEV, EV
By Application
Home Use, Commercial Use
By Companies
TOYOTA, BYD, Tesla, Nissan, BMW, Mitsubishi, Volkswagen, Renault, BAIC, GM, Ford, JAC, Yutong, SAIC, Zhong Tong, ZOTYE, KANDI, King-long, VOLVO, Mercedes-Benz, Chery, Audi
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Hybrid Cars and EVs Market Report Segments:
The global Hybrid Cars and EVs market is segmented on the basis of:
Types
HEV, PHEV, EV
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
- BYD
- Tesla
- Nissan
- BMW
- Mitsubishi
- Volkswagen
- Renault
- BAIC
- GM
- Ford
- JAC
- Yutong
- SAIC
- Zhong Tong
- ZOTYE
- KANDI
- King-long
- VOLVO
- Mercedes-Benz
- Chery
- Audi
Highlights of The Hybrid Cars and EVs 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:
- HEV
- PHEV
- EV
- 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 Hybrid Cars and EVs 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?
Hybrid cars are a type of car that uses both gasoline and electric power. Electric vehicles, also known as EVs, use electricity to power the vehicle instead of gasoline.
Some of the key players operating in the hybrid cars and evs market are TOYOTA, BYD, Tesla, Nissan, BMW, Mitsubishi, Volkswagen, Renault, BAIC, GM, Ford, JAC, Yutong, SAIC, Zhong Tong, ZOTYE, KANDI, King-long, VOLVO, Mercedes-Benz, Chery, Audi.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hybrid Cars and EVs Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hybrid Cars and EVs Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hybrid Cars and EVs Market - Supply Chain
4.5. Global Hybrid Cars and EVs Market Forecast
4.5.1. Hybrid Cars and EVs Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hybrid Cars and EVs Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hybrid Cars and EVs Market Absolute $ Opportunity
5. Global Hybrid Cars and EVs Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hybrid Cars and EVs Market Size and Volume Forecast by Type
5.3.1. HEV
5.3.2. PHEV
5.3.3. EV
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hybrid Cars and EVs Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hybrid Cars and EVs Market Size and Volume Forecast by Application
6.3.1. Home Use
6.3.2. Commercial Use
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hybrid Cars and EVs Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hybrid Cars and EVs Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hybrid Cars and EVs Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hybrid Cars and EVs Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hybrid Cars and EVs Demand Share Forecast, 2019-2026
9. North America Hybrid Cars and EVs Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hybrid Cars and EVs Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hybrid Cars and EVs Market Size and Volume Forecast by Application
9.4.1. Home Use
9.4.2. Commercial Use
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hybrid Cars and EVs Market Size and Volume Forecast by Type
9.7.1. HEV
9.7.2. PHEV
9.7.3. EV
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hybrid Cars and EVs Demand Share Forecast, 2019-2026
10. Latin America Hybrid Cars and EVs Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hybrid Cars and EVs Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hybrid Cars and EVs Market Size and Volume Forecast by Application
10.4.1. Home Use
10.4.2. Commercial Use
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hybrid Cars and EVs Market Size and Volume Forecast by Type
10.7.1. HEV
10.7.2. PHEV
10.7.3. EV
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hybrid Cars and EVs Demand Share Forecast, 2019-2026
11. Europe Hybrid Cars and EVs Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hybrid Cars and EVs Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hybrid Cars and EVs Market Size and Volume Forecast by Application
11.4.1. Home Use
11.4.2. Commercial Use
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hybrid Cars and EVs Market Size and Volume Forecast by Type
11.7.1. HEV
11.7.2. PHEV
11.7.3. EV
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hybrid Cars and EVs Demand Share, 2019-2026
12. Asia Pacific Hybrid Cars and EVs Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hybrid Cars and EVs Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hybrid Cars and EVs Market Size and Volume Forecast by Application
12.4.1. Home Use
12.4.2. Commercial Use
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hybrid Cars and EVs Market Size and Volume Forecast by Type
12.7.1. HEV
12.7.2. PHEV
12.7.3. EV
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hybrid Cars and EVs Demand Share, 2019-2026
13. Middle East & Africa Hybrid Cars and EVs Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hybrid Cars and EVs Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hybrid Cars and EVs Market Size and Volume Forecast by Application
13.4.1. Home Use
13.4.2. Commercial Use
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hybrid Cars and EVs Market Size and Volume Forecast by Type
13.7.1. HEV
13.7.2. PHEV
13.7.3. EV
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hybrid Cars and EVs Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hybrid Cars and EVs Market: Market Share Analysis
14.2. Hybrid Cars and EVs Distributors and Customers
14.3. Hybrid Cars and EVs Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. TOYOTA
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BYD
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Tesla
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nissan
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. BMW
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubishi
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Volkswagen
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Renault
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. BAIC
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. GM
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ford
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. JAC
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Yutong
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. SAIC
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Zhong Tong
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. ZOTYE
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. KANDI
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. King-long
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. VOLVO
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Mercedes-Benz
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
