Electric Vehicle Market | Leading Segments, Trends, Drivers and Challenges
Market Forecast and Growth Projections 2021-2025

The Global electric vehicle market is expected to grow by 8179.06 th units, decelerating at a CAGR of  27.49% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

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Electric Vehicle Market: Market Segments and Growth Forecasts

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

• The report segments the market by Type (BEV and PHEV) and Geography (APAC, Europe, North America, South America, and MEA). Each market segment is analyzed for past performance leading to future growth projections based on current market scenario.
• In terms of geographic segmentation we found that 45% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Electric Vehicle Market size.

Electric Vehicle Market: Top Trends, Drivers, Challenges to drive Market Recovery

The research report looks at the impact of various trends, drivers, and challenges for market growth during the forecast period. These insights will enable clients to design a growth strategy for their business and area of operations.

• A key market driver for the Electric Vehicle Market will be growing demand for fuel-efficient and low-emission vehicles.
• Stringent rules and regulations will be instrumental in driving the market growth during the forecast period.
• One of the key challenges that market players need to contend with in order to achieve further success is the Insufficient charging infrastructure.

Electric Vehicle Market: Vendor Analysis

• The market is fragmented.
• The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
• BAIC Motor Corp. Ltd., BMW Group, Daimler AG, Ford Motor Co., General Motors Co., Nissan Motor Co. Ltd., Renault SA, Tesla Inc., Toyota Motor Corp., and Volkswagen AG are some of the major market participants.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is decelerate at a CAGR of 27.49%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by 8179.06 th units through 2021-2025.
    
3. What is a key factor driving this market?
   Growing demand for fuel-efficient and low-emission vehicles will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   45% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are BAIC Motor Corp. Ltd., BMW Group, Daimler AG, Ford Motor Co., General Motors Co., Nissan Motor Co. Ltd., Renault SA, Tesla Inc., Toyota Motor Corp., and Volkswagen AG
    
7. What are the market segments covered in this report?
   The market is segmented by Type (BEV and PHEV) and Geography (APAC, Europe, North America, South America, and MEA)