Global Electric Vehicle Market to reach a market size of $602.8 billion by 2025- KBV Research

Global Electric Vehicle Market to reach a market size of $602.8 billion by 2025- KBV Research

According to a new report Global Electric Vehicle Market, published by KBV research, The Global Electric Vehicle Market size is expected to reach $602.8 billion by 2025, rising at a market growth of 24.7% CAGR during the forecast period.


The Hybrid Electric Vehicle market dominated the Global Electric Vehicle Market by Type 2018, growing at a CAGR of 17.7 % during the forecast period. The Battery Electric Vehicle market is expected to witness a CAGR of 29.7% during (2019-2025). Additionally, The Plug-in Hybrid Electric Vehicle market is expected to witness highest CAGR of 31.5% during (2019-2025).


The Passenger Vehicles market dominated the Global Electric Vehicle Market by Vehicle Type 2018, growing at a CAGR of 23.8 % during the forecast period. The Two-wheeler market is expected to witness a CAGR of 25.5% during (2019-2025).


The Asia Pacific market dominated the Global Electric Vehicle Market by Region 2018, growing at a CAGR of 25.4 % during the forecast period. The Europe market is expected to witness a CAGR of 23.6% during (2019-2025). Additionally, The North America market is expected to witness a CAGR of 23.8% during (2019-2025).


Full Report: https://www.kbvresearch.com/electric-vehicle-market/


The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Tesla, Inc., Volkswagen AG, Honda Motor Co. Ltd., BYD Company Limited, Volvo Group, BMW Group, Toyota Motor Corporation, Ford Motors Co. Ltd., Daimler AG and General Motors Co.


Global Electric Vehicle Market Segmentation


By Type


Hybrid Electric Vehicle


Battery Electric Vehicle


Plug-in Hybrid Electric Vehicle


By Vehicle Type


Passenger Vehicles


Two-wheeler


Commercial Vehicle


By Geography


North America


US


Canada


Mexico


Rest of North America


Europe


Germany


UK


France


Russia


Norway


Netherlands


Rest of Europe


Asia Pacific


China


Japan


India


South Korea


Singapore


Taiwan


Rest of Asia Pacific


LAMEA


Brazil


Argentina


UAE


Saudi Arabia


South Africa


Nigeria


Rest of LAMEA


Companies Profiled


Tesla, Inc.


Volkswagen AG


Honda Motor Co. Ltd.


BYD Company Limited


Volvo Group


BMW Group


Toyota Motor Corporation


Ford Motors Co. Ltd.


Daimler AG


General Motors Co.


Electric Vehicle Market Related Reports:


North America Market


Europe Market


Asia Pacific Market


LAMEA Market


 

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TAGS: Electric Vehicle, Electric Vehicle Market, KBV Research

EN: Ciencia y tecnología