Electric Car Market
Electric Car Market - Global Industry Assessment & Forecast
Segments Covered
- By Type Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Fuel Cell Electric Vehicle
- By Vehicle Class Mid-Priced, Luxury
- By Top Speed Less Than 100 MPH, 100 to 125 MPH, More Than 125 MPH
- By Vehicle Drive Type Front Wheel Drive, Rear Wheel Drive, All Wheel Drive
- By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 124.64 Billion |
Revenue 2030: | USD 491.20 Billion |
Revenue CAGR (2023 - 2030): | 18.70% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | Asia Pacific |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Electric Car Market Segment Analysis
- Electric Car Type Outlook (Revenue, USD Million, 2018 - 2030)
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
- Electric Car Vehicle Class Outlook (Revenue, USD Million, 2018 - 2030)
- Mid-Priced
- Luxury
- Electric Car Top Speed Outlook (Revenue, USD Million, 2018 - 2030)
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
- Electric Car Vehicle Drive Type Outlook (Revenue, USD Million, 2018 - 2030)
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
-
Regional Outlook (Revenue, USD Billion/Million, 2018 - 2030)
- North America
-
North America Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
-
North America Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
-
North America Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
-
North America Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- U.S.
- U.S. Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
- U.S. Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
- U.S. Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
- U.S. Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- U.S. Electric Car Market, by Type
- Canada
- Canada Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
- Canada Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
- Canada Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
- Canada Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- Canada Electric Car Market, by Type
-
Mexico
- Mexico Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
- Mexico Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
- Mexico Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
- Mexico Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- Mexico Electric Car Market, by Type
-
North America Electric Car Market, by Type
- Europe
-
Europe Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
-
Europe Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
-
Europe Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
-
Europe Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- U. K.
- U.K. Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
- U.K. Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
- U.K. Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
- U.K. Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- U.K. Electric Car Market, by Type
- France
- France Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
- France Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
- France Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
- France Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- France Electric Car Market, by Type
-
Germany
- Germany Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
- Germany Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
- Germany Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
- Germany Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- Germany Electric Car Market, by Type
-
Italy
- Italy Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
- Italy Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
- Italy Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
- Italy Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- Italy Electric Car Market, by Type
-
Spain
- Spain Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
- Spain Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
- Spain Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
- Spain Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- Spain Electric Car Market, by Type
-
Rest of Europe
- Rest of Europe Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
- Rest of Europe Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
- Rest of Europe Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
- Rest of Europe Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- Rest of Europe Electric Car Market, by Type
-
Europe Electric Car Market, by Type
- Asia Pacific
-
Asia Pacific Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
-
Asia Pacific Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
-
Asia Pacific Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
-
Asia Pacific Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- China
- China Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
- China Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
- China Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
- China Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- China Electric Car Market, by Type
- Japan
- Japan Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
- Japan Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
- Japan Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
- Japan Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- Japan Electric Car Market, by Type
-
Germany
- Germany Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
- Germany Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
- Germany Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
- Germany Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- Germany Electric Car Market, by Type
-
India
- India Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
- India Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
- India Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
- India Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- India Electric Car Market, by Type
-
South Korea
- South Korea Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
- South Korea Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
- South Korea Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
- South Korea Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- South Korea Electric Car Market, by Type
-
South East Asia
- South East Asia Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
- South East Asia Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
- South East Asia Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
- South East Asia Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- South East Asia Electric Car Market, by Type
-
Rest of Asia Pacific
- Rest of Asia Pacific Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
- Rest of Asia Pacific Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
- Rest of Asia Pacific Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
- Rest of Asia Pacific Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- Rest of Asia Pacific Electric Car Market, by Type
-
Asia Pacific Electric Car Market, by Type
- Latin America
-
Latin America Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
-
Latin America Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
-
Latin America Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
-
Latin America Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- Brazil
- Brazil Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
- Brazil Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
- Brazil Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
- Brazil Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- Brazil Electric Car Market, by Type
- Argentina
- Argentina Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
- Argentina Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
- Argentina Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
- Argentina Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- Argentina Electric Car Market, by Type
-
Rest of Latin America
- Rest of Latin America Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
- Rest of Latin America Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
- Rest of Latin America Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
- Rest of Latin America Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- Rest of Latin America Electric Car Market, by Type
-
Latin America Electric Car Market, by Type
- Middle East & Africa
-
Middle East & Africa Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
-
Middle East & Africa Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
-
Middle East & Africa Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
-
Middle East & Africa Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- GCC Countries
- GCC Countries Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
- GCC Countries Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
- GCC Countries Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
- GCC Countries Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- GCC Countries Electric Car Market, by Type
- South Africa
- South Africa Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
- South Africa Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
- South Africa Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
- South Africa Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- South Africa Electric Car Market, by Type
-
Rest of Middle East & Africa
- Rest of Middle East & Africa Electric Car Market, by Type
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
- Rest of Middle East & Africa Electric Car Market, by Vehicle Class
- Mid-Priced
- Luxury
- Rest of Middle East & Africa Electric Car Market, by Top Speed
- Less Than 100 MPH
- 100 to 125 MPH
- More Than 125 MPH
- Rest of Middle East & Africa Electric Car Market, by Vehicle Drive Type
- Front Wheel Drive
- Rear Wheel Drive
- All Wheel Drive
- Rest of Middle East & Africa Electric Car Market, by Type
-
Middle East & Africa Electric Car Market, by Type
- North America
FAQ
Frequently Asked Question
What is the global demand for Electric Car in terms of revenue?
-
The global Electric Car valued at USD 124.64 Billion in 2022 and is expected to reach USD 491.20 Billion in 2030 growing at a CAGR of 18.70%.
Which are the prominent players in the market?
-
The prominent players in the market are Tesla, Morris Garages, Tata Motors, BYD, Hyundai, Volkswagen AG, BMW Group, and Nissan Motors.
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 18.70% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Electric Car include
- Reducing prices of EV batteries
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Electric Car in 2022.