Electric Vehicle Global Market Report 2022 - by Type, Vehicle Type, Charging Type, Power Output, End-use and Region
DUBLIN, Jan. 19, 2023 /PRNewswire/ -- The "Electric Vehicle Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global electric vehicle market.
This report focuses on electric vehicle market which is experiencing strong growth. The report gives a guide to the electric vehicle market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
The global electric vehicle market is expected to grow from $191.92 billion in 2021 to $245.08 billion in 2022 at a compound annual growth rate (CAGR) of 27.7%. The electric vehicle market is expected to grow to $601.15 billion in 2026 at a CAGR of 25.1%.
Major players in the electric vehicle market are Volkswagen, Ford Motor Company, Toyota Motor Corporation, General Motors Company, BYD Company motors, BMW Group, Nissan Motors Co Ltd, Tesla Inc, Hyundai Motor Company, Daimler AG, Groupe Renault, SAIC Motor Corporation Limited, Honda Motor Co, Kia Motors Corporation, TATA Motors Limited, Mahindra and Mahindra, Geely Automobile Holdings Limited, and Chevrolet.
The different vehicle types include two-wheelers, passenger cars, and commercial vehicles, and involve several charging types, such as slow charging and fast charging. The power outputs are less than 100 kW, 100 kW to 250 kW, and more than 250 kW. The end-users involved are private and commercial fleets.
For instance, in December 2021, the Environmental Protection Agency (EPA) finalized greenhouse gas emissions standards for passenger cars and light trucks for model years 2023-2026. These regulations include the standards to achieve significant greenhouse gas emissions reductions. Therefore, strict government regulations on vehicle emissions will propel the growth of the electric vehicle market.
For instance, in February 2022, QuantumScape, a US-based renewable energy company, is developing solid battery technology to extend the range of electric vehicles and allow them to recharge more quickly. QuantumScape conducted its tests, and the results showed that the solid-state batteries completed 400 consecutive 15-minute (4C) fast-charge cycles successfully from 10% to 80% capacity.
Key Topics Covered:
6.2. Global Electric Vehicle Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.3. Global Electric Vehicle Market, Segmentation By Charging Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.4. Global Electric Vehicle Market, Segmentation By Power Output, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.5. Global Electric Vehicle Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7. Electric Vehicle Market Regional And Country Analysis
For more information about this report visit https://www.researchandmarkets.com/r/e3bhng
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