Goldstein Market
Date of publication: 31 March 2020
Electric Vehicles Market Analysis Report by Goldstein Market Intelligence
According to Goldstein Market Intelligence, the Global Electric vehicles market is expected to reach USD 346.3 billion by the end of 2024.
According to Goldstein Market Intelligence, Global Electric vehicles market is expected to reach USD 346.3 billion by the end of 2024 fr om USD 118.4 billion in 2016, growing at a CAGR of 14.3%. The growing concerns towards sustainability decreased carbon emissions and clean energy sources are the major driving factors for the adoption of electric vehicles.
Global Electric vehicles market segmentation has been done on the basis of technology type, vehicle type and geography. Adaption of electric two-wheeler has gained major market share over the past few years and has been successful to curb carbon emissions. Two-wheelers are followed by electric buses, majorly in China wh ere government has support for deploying charging stations.
Global Electric vehicles market is majorly dominated by Asia-Pacific region with China acquiring the leading position in terms of sales and revenue. APAC is closely followed by Europe having 28% market share of global electric vehicles market.

Market Segmentation

On the basis of our in-depth analysis, Global Electric Vehicles Market can be segmented as follows:

By Technology Type

  • Hybrid cars
  • Plug-in Hybrid Cars
  • Battery Electric Vehicles

By Vehicle Type

  • Passenger Cars
  • Commercial Vehicles
  • Two Wheelers
  • Others (ATVs etc.)

On the basis of region

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
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 “Global Electric Vehicles Market Outlook 2024” by Goldstein Market Intelligence contains detailed overview of the global Electric vehicles market in terms of market segmentation by technology type and vehicle type.
Further, Global Electric Vehicles Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Nissan Motor Corporation Ltd., Pioneer Corporation, Honda Motor Co., Ltd., Toyota Motor Corporation, Tesla Motors, Inc., Ford Motor Company, Bayerische Motoren Werke AG, General Motors, Daimler AG, Volkswagen AG, BYD Company Motors, Mitsubishi Motors Corporation, Geely Group, Polaris, Ingersoll Rand, Groupe Psa, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents the global Electric vehicles market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
The Report is Available @

About Goldstein Research

Based in the US, Goldstein Market Intelligence currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview.
Our analysts working on automotive industry research reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.
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