According to IMARC Group, the global electric vehicles market reached a volume of 12.7 Million Units in 2021. Looking forward, IMARC Group expects the market to reach 106.6 Million Units by 2027, exhibiting at a CAGR of 41.8% during 2022-2027. Electrical vehicles (EVs) refer to the vehicles that operate on electric motors instead of internal combustion (IC) engines that generate power by burning a mix of fuel and gases. Some of the common types of EVs available in the market include plug-in hybrid electric vehicles (PHEVs), battery-electric vehicles (BEVs), hybrid electric vehicles (HEVs), etc. These vehicles can be charged by several self-charging devices, including regenerative braking systems that can convert kinetic energy into electrical energy, or powered by a large traction battery pack present at charging stations. Electric vehicles are environmentally-friendly, do not consume any fossil fuels, and are typically more technologically advanced than their conventional counterparts.  

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Important Attribute and highlights of the Report:

  • Detailed analysis of the global market share
  • Market Segmentation
  • Historical, current, and projected size of the market in terms of volume and value
  • Latest industry trends and developments
  • Competitive Landscape
  • Strategies of major players and product offerings

The escalating demand for fuel-efficient automobiles is primarily driving the electric vehicles market. Additionally, EVs reduce the dependency on oil, do not emit tailpipe emissions, and are more economical to operate, which is further catalyzing the market growth. Besides this, various favorable policies by government bodies, such as subsidies, tax exemptions, auto loans, accessible public charging facilities, etc., to promote EV sales, on account of the growing concerns towards greenhouse gas (GHG) emissions, are acting as significant growth-inducing factors. Moreover, the rising investments in R&D activities aimed at improving the charging infrastructures and automobile utilities are also augmenting the global market. Apart from this, the introduction of numerous advanced technologies to produce zero-emission vehicles with soundless operations and high-performance engines is anticipated to bolster the electric vehicles market over the forecasted period.

Some of the top Electric Vehicle Companies in the World 2022 being:

  • Bayerische Motoren Werke AG
  • BYD Auto
  • Chery
  • Daimler AG
  • Ford Motor Company
  • Geely
  • General Motors
  • Honda Motor Company
  • Hyundai Motor Company
  • Nissan
  • Renault
  • SAIC Motor
  • Tesla Inc. Toyota Motor Corporation
  • Volkswagen

Key Highlights:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • COVID-19 Impact on the Market
  • Porter’s Five Forces Analysis
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

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TOC for the Report:

  • Preface
  • Scope and Methodology
  • Executive Summary
  • Introduction
  • Global Market
  • SWOT Analysis
  • Value Chain Analysis
  • Price Analysis
  • Competitive Landscape

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Tags: Top Electric Vehicle Companies, Biggest Electric Vehicle Companies, Electric Vehicle Manufacturing Companies, Electric Vehicle Manufacturing Companies 2022, Top Electric Vehicle Manufacturing Companies, Electric Vehicle Companies

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