5. MARKET SEGMENTATION (Market Size by Value - USD Billion) 5.1 Drivetrain Type 5.1.1 Battery Electric Vehicles 5.1.2 Plug-in Hybrid Electric Vehicles 5.2 Vehicle Type 5.2.1 Passenger Cars 5.2.2 Commercial Vehicles 6. COMPETITIVE LANDSCAPE ...
The global electric vehicle market size reached USD 755 Billion in 2024 and is set to grow USD 4,360 Billion by 2033, CAGR of 21.5% (2025-2033).
7. MARKET OPPORTUNITIES AND FUTURE TRENDS Electric Car Rental Industry Segmentation Electric car rental companies hire cars for a set amount of time at a set rate. This service is frequently structured with several local branches, usually located around airports or major areas of the city, and su...
The passenger car segment is leading the electric vehicle market as these vehicles are widely used for personal transportation, commuting, and short to medium-distance travel. Electric passenger cars offer zero tailpipe emissions, reduced noise pollution, and lower operating costs than traditional gasoli...
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, we use the ARIMA model for the Passenger Cars market. The main drivers are GDP per capita and consumer spending per capita. ...
Hybrid & Electric Cars in China industry profile provides top-line qualitative and quantitative summary information including: market size (value
In Norway, over half of all new vehicles registered in the first half of 2021 were all-electric vehicles. The Tesla Model 3 electric vehicle was the second best-selling car model in 2020: Norwegian car owners purchased some 7,770 Model 3 cars in 2020. The most popular model in the count...
Despite many struggles for the automotive market in 2020, the electric vehicle (EV) plug-in segment showed a very different trend. As of October 2020, the total volume increased 21% compared with the previous year and overall EV sales were up 90% in Q3 2020 compared with 2019. With many...
while new energy vehicles sold 878,000 units, representing a 36.9-percent increase and a market penetration rate of 51.1 percent. For the first time, the monthly retail sales of new energy passenger cars in China surpassed those of traditional fuel vehicles, marking a historic moment for the Ch...
How China came to dominate the EV market China's lead in electric cars hasn't happened overnight. The key driver: China's recognition more than a decade ago that EVs represented the most important transportation innovation since Henry Ford revolutionized auto manufacturing in the early 20th centur...