Electric Vehicles Evs Market
Electric Vehicles (EVs) Market Forecasts to 2030 - Global Analysis By Vehicle Type (Passenger Vehicles, Plug-in Hybrid Electric Vehicle (PHEV), Commercial Vehicles and Battery Electric Vehicle (BEV)), Motor Type (Direct Current (DC) Motor and Alternating Current (AC) Motor), Drive Type (Rear Wheel Drive and Front Wheel Drive), Application and By Geography
According to Stratistics MRC, the Global Electric Vehicles (EVs) Market is accounted for $511.13 billion in 2024 and is expected to reach $2,667.13 billion by 2030 growing at a CAGR of 31.7% during the forecast period. Electric Vehicles (EVs) are automobiles powered primarily by electricity stored in rechargeable batteries. Unlike conventional internal combustion engine vehicles that rely on fossil fuels, EVs use electric motors for propulsion, converting electrical energy into mechanical energy. EVs typically have lower operating costs than their gasoline counterparts due to the efficiency of electric motors and the relatively stable prices of electricity compared to fluctuating fossil fuel prices.
According to VAHAN, the electric two-wheeler market has seen a significant sales increase of 34.42% in the third quarter of Fiscal Year 2024 (Q3 FY 24) compared to the preceding quarter (Q2 FY 24), indicating a strong growth in the EV sector.
Market Dynamics:
Driver:
Infrastructure development
Infrastructure development plays a crucial role in enhancing the adoption and usability of Electric Vehicles (EVs). The expansion of charging stations, both in number and technology, addresses one of the primary concerns of EV drivers: range anxiety. Improved infrastructure includes fast-charging stations strategically placed along highways and in urban areas, enabling EV owners to charge their vehicles quickly and conveniently during long journeys or daily commutes. Moreover, advancements in charging technology, such as ultra-fast chargers and wireless charging options, further streamline the charging process, making it more accessible and efficient.
Restraint:
Lack of model variety
The lack of model variety in Electric Vehicles (EVs) presents a significant hindrance to their widespread adoption. Unlike the traditional automotive market, where consumers can choose from a wide array of models that cater to diverse preferences and needs, the EV market often offers a limited selection. This limitation stems from several factors, including the relatively recent surge in EV popularity, which has yet to fully encourage manufacturers to diversify their offerings. As a result, potential EV buyers may find their options limited in terms of vehicle type, range, performance, and price point, inhibiting their ability to find an EV that fits their specific requirements and preferences.
Opportunity:
Growing concerns about air quality
Growing concerns about air quality have spurred increased interest in Electric Vehicles (EVs) as a sustainable alternative to traditional combustion engine vehicles. EVs produce zero tailpipe emissions, thereby significantly reducing air pollution in urban areas where poor air quality poses health risks. This shift is particularly crucial in combating climate change and meeting global environmental goals, as transportation is a major contributor to greenhouse gas emissions. Governments worldwide are incentivizing the adoption of EVs through subsidies, tax breaks, and infrastructure investments such as charging stations.
Threat:
Battery Cost and range anxiety
The adoption of Electric Vehicles (EVs) is impeded by two primary concerns: battery cost and range anxiety. Battery packs constitute a significant portion of an EV's total cost, making these vehicles more expensive upfront compared to traditional internal combustion engine cars. Despite advancements in battery technology, reducing manufacturing costs remains a challenge, limiting affordability for many consumers. However, range anxiety the fear of running out of battery power before reaching a charging station persists among potential buyers. While the average EV range has increased, the infrastructure for charging stations still lags behind that of gasoline stations in terms of availability and convenience.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the electric vehicles (EVs) market. Initially, the global lockdowns disrupted manufacturing supply chains, causing delays in EV production and delivery schedules. Reduced consumer spending and economic uncertainty also dampened demand for high-cost items like EVs, leading to decreased sales volumes. Fluctuations in oil prices due to reduced travel and economic slowdown affected the comparative attractiveness of electric vehicles versus traditional internal combustion engine vehicles. The pandemic underscored the environmental benefits of EVs, prompting governments to incentivize their adoption as part of economic recovery plans and climate change mitigation strategies.
The Passenger Vehicles segment is expected to be the largest during the forecast period
Passenger Vehicles segment is expected to be the largest during the forecast period. Increasing environmental consciousness and stringent emission regulations are compelling automakers to invest heavily in electric mobility solutions. Consumers are also increasingly inclined towards EVs due to their lower operational costs and the availability of government incentives promoting sustainable transportation. Technological advancements have improved EV performance, range, and charging infrastructure, reducing barriers to adoption.
The Rear Wheel Drive segment is expected to have the highest CAGR during the forecast period
Rear Wheel Drive segment is expected to have the highest CAGR during the forecast period. RWD layouts in EVs can enhance performance by optimizing weight distribution, improving traction control, and maximizing power delivery efficiency from the electric motor to the wheels. This configuration often results in better handling dynamics, especially in terms of stability and cornering, which are critical for enhancing driving pleasure and safety in EVs. Additionally, rear wheel drive EVs typically offer a more engaging driving experience compared to front-wheel-drive counterparts, appealing to enthusiasts and those seeking a sportier feel from their electric vehicles.
Region with largest share:
Asia Pacific region commanded the largest share of the market over the projected period. Major companies are investing heavily in EV infrastructure, manufacturing, and innovation across Asia Pacific, aiming to accelerate the adoption of electric mobility. These commitments often involve partnerships with local governments and businesses to build charging networks, promote renewable energy integration and develop efficient battery technologies across the region. Corporations not only contribute to reducing carbon emissions but also stimulate economic growth through job creation and technology transfer throughout the region.
Region with highest CAGR:
Europe region is poised to hold profitable growth during the extrapolated period. As disposable incomes grow, consumers are increasingly willing to invest in sustainable transportation options that offer long-term cost savings and environmental benefits across the region. European cities are promoting cleaner air initiatives, incentivizing the shift towards EVs as a means to reduce pollution and combat climate change. This convergence of economic capacity, urban development, supportive policies, and environmental consciousness is fostering a robust market for electric vehicles in Europe, positioning the region as a leader in sustainable mobility solutions.
Key players in the market
Some of the key players in Electric Vehicles (EVs) market include Ampere Vehicle Private Limited, BMW AG, Chevrolet Motor Company, Hero Electric Vehicles Pvt. Ltd, Hyundai Motor India Limited, JBM Auto Limited, Mahindra & Mahindra Limited, MG Motor India Private Limited, Ola Electric Mobility Pvt. Ltd and Tata Motors Limited.
Key Developments:
In March 2023, Moscow signed a contract with KAMAZ for 1,000 electric buses. There are also plans to purchase another 200 electric buses from GAZ Group. Moscow currently runs 1,055 electric buses on 79 routes. Moscow plans to install nearly 200 ultra-fast charging stations for the electric buses, open a second electric bus park in the Mitino district northwest of Moscow, and launch 29 more electric bus routes.
In February 2023, BYD has added two new dealer corporations to its network in the Europe region. Motor Distributors Ltd (MDL) is active in Ireland and will offer BYD models at select locations including Dublin and Cork. RSA is a dealer with whom BYD already works in Norway, and it will offer EVs of Chinese-make in Finland and Iceland. BYD initially launched three EV models in select European countries at the end of 2022. Two more series could follow in 2023.
In October 2022, Daimler Truck AG signed a strategic partnership agreement with Gehring Technologies GmbH to focus on building expertise in process development and prototype construction of commercial vehicle-specific electric motors. The partnership covers the prototypical construction of so-called ""truck-e-fied"" e-motors and further developing and testing innovative production processes.
Vehicle Types Covered:
• Passenger Vehicles
• Plug-in Hybrid Electric Vehicle (PHEV)
• Commercial Vehicles
• Battery Electric Vehicle (BEV)
Motor Types Covered:
• Direct Current (DC) Motor
• Alternating Current (AC) Motor
Drive Types Covered:
• Rear Wheel Drive
• Front Wheel Drive
Applications Covered:
• Powersports Applications
• Last-mile Delivery Vehicles
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Electric Vehicles (EVs) Market, By Vehicle Type
5.1 Introduction
5.2 Passenger Vehicles
5.2.1 Hatchbacks
5.2.2 Sedans
5.3 Plug-in Hybrid Electric Vehicle (PHEV)
5.4 Commercial Vehicles
5.4.1 Class 6 Trucks
5.4.2 Class 8 Trucks
5.4.3 Class 7 Trucks
5.5 Battery Electric Vehicle (BEV)
6 Global Electric Vehicles (EVs) Market, By Motor Type
6.1 Introduction
6.2 Direct Current (DC) Motor
6.3 Alternating Current (AC) Motor
7 Global Electric Vehicles (EVs) Market, By Drive Type
7.1 Introduction
7.2 Rear Wheel Drive
7.3 Front Wheel Drive
8 Global Electric Vehicles (EVs) Market, By Application
8.1 Introduction
8.2 Powersports Applications
8.2.1 All-Terrain Vehicles and Quads
8.2.2 Snowmobiles
8.2.3 Golf Carts
8.2.4 Boats/Watersports
8.3 Last-mile Delivery Vehicles
8.4 Other Applications
9 Global Electric Vehicles (EVs) Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Ampere Vehicle Private Limited
11.2 BMW AG
11.3 Chevrolet Motor Company
11.4 Hero Electric Vehicles Pvt. Ltd
11.5 Hyundai Motor India Limited
11.6 JBM Auto Limited
11.7 Mahindra & Mahindra Limited
11.8 MG Motor India Private Limited
11.9 Ola Electric Mobility Pvt. Ltd
11.10 Tata Motors Limited
List of Tables
1 Global Electric Vehicles (EVs) Market Outlook, By Region (2022-2030) ($MN)
2 Global Electric Vehicles (EVs) Market Outlook, By Vehicle Type (2022-2030) ($MN)
3 Global Electric Vehicles (EVs) Market Outlook, By Passenger Vehicles (2022-2030) ($MN)
4 Global Electric Vehicles (EVs) Market Outlook, By Hatchbacks (2022-2030) ($MN)
5 Global Electric Vehicles (EVs) Market Outlook, By Sedans (2022-2030) ($MN)
6 Global Electric Vehicles (EVs) Market Outlook, By Plug-in Hybrid Electric Vehicle (PHEV) (2022-2030) ($MN)
7 Global Electric Vehicles (EVs) Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
8 Global Electric Vehicles (EVs) Market Outlook, By Class 6 Trucks (2022-2030) ($MN)
9 Global Electric Vehicles (EVs) Market Outlook, By Class 8 Trucks (2022-2030) ($MN)
10 Global Electric Vehicles (EVs) Market Outlook, By Class 7 Trucks (2022-2030) ($MN)
11 Global Electric Vehicles (EVs) Market Outlook, By Battery Electric Vehicle (BEV) (2022-2030) ($MN)
12 Global Electric Vehicles (EVs) Market Outlook, By Motor Type (2022-2030) ($MN)
13 Global Electric Vehicles (EVs) Market Outlook, By Direct Current (DC) Motor (2022-2030) ($MN)
14 Global Electric Vehicles (EVs) Market Outlook, By Alternating Current (AC) Motor (2022-2030) ($MN)
15 Global Electric Vehicles (EVs) Market Outlook, By Drive Type (2022-2030) ($MN)
16 Global Electric Vehicles (EVs) Market Outlook, By Rear Wheel Drive (2022-2030) ($MN)
17 Global Electric Vehicles (EVs) Market Outlook, By Front Wheel Drive (2022-2030) ($MN)
18 Global Electric Vehicles (EVs) Market Outlook, By Application (2022-2030) ($MN)
19 Global Electric Vehicles (EVs) Market Outlook, By Powersports Applications (2022-2030) ($MN)
20 Global Electric Vehicles (EVs) Market Outlook, By All-Terrain Vehicles and Quads (2022-2030) ($MN)
21 Global Electric Vehicles (EVs) Market Outlook, By Snowmobiles (2022-2030) ($MN)
22 Global Electric Vehicles (EVs) Market Outlook, By Golf Carts (2022-2030) ($MN)
23 Global Electric Vehicles (EVs) Market Outlook, By Boats/Watersports (2022-2030) ($MN)
24 Global Electric Vehicles (EVs) Market Outlook, By Last-mile Delivery Vehicles (2022-2030) ($MN)
25 Global Electric Vehicles (EVs) Market Outlook, By Other Applications (2022-2030) ($MN)
26 North America Electric Vehicles (EVs) Market Outlook, By Country (2022-2030) ($MN)
27 North America Electric Vehicles (EVs) Market Outlook, By Vehicle Type (2022-2030) ($MN)
28 North America Electric Vehicles (EVs) Market Outlook, By Passenger Vehicles (2022-2030) ($MN)
29 North America Electric Vehicles (EVs) Market Outlook, By Hatchbacks (2022-2030) ($MN)
30 North America Electric Vehicles (EVs) Market Outlook, By Sedans (2022-2030) ($MN)
31 North America Electric Vehicles (EVs) Market Outlook, By Plug-in Hybrid Electric Vehicle (PHEV) (2022-2030) ($MN)
32 North America Electric Vehicles (EVs) Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
33 North America Electric Vehicles (EVs) Market Outlook, By Class 6 Trucks (2022-2030) ($MN)
34 North America Electric Vehicles (EVs) Market Outlook, By Class 8 Trucks (2022-2030) ($MN)
35 North America Electric Vehicles (EVs) Market Outlook, By Class 7 Trucks (2022-2030) ($MN)
36 North America Electric Vehicles (EVs) Market Outlook, By Battery Electric Vehicle (BEV) (2022-2030) ($MN)
37 North America Electric Vehicles (EVs) Market Outlook, By Motor Type (2022-2030) ($MN)
38 North America Electric Vehicles (EVs) Market Outlook, By Direct Current (DC) Motor (2022-2030) ($MN)
39 North America Electric Vehicles (EVs) Market Outlook, By Alternating Current (AC) Motor (2022-2030) ($MN)
40 North America Electric Vehicles (EVs) Market Outlook, By Drive Type (2022-2030) ($MN)
41 North America Electric Vehicles (EVs) Market Outlook, By Rear Wheel Drive (2022-2030) ($MN)
42 North America Electric Vehicles (EVs) Market Outlook, By Front Wheel Drive (2022-2030) ($MN)
43 North America Electric Vehicles (EVs) Market Outlook, By Application (2022-2030) ($MN)
44 North America Electric Vehicles (EVs) Market Outlook, By Powersports Applications (2022-2030) ($MN)
45 North America Electric Vehicles (EVs) Market Outlook, By All-Terrain Vehicles and Quads (2022-2030) ($MN)
46 North America Electric Vehicles (EVs) Market Outlook, By Snowmobiles (2022-2030) ($MN)
47 North America Electric Vehicles (EVs) Market Outlook, By Golf Carts (2022-2030) ($MN)
48 North America Electric Vehicles (EVs) Market Outlook, By Boats/Watersports (2022-2030) ($MN)
49 North America Electric Vehicles (EVs) Market Outlook, By Last-mile Delivery Vehicles (2022-2030) ($MN)
50 North America Electric Vehicles (EVs) Market Outlook, By Other Applications (2022-2030) ($MN)
51 Europe Electric Vehicles (EVs) Market Outlook, By Country (2022-2030) ($MN)
52 Europe Electric Vehicles (EVs) Market Outlook, By Vehicle Type (2022-2030) ($MN)
53 Europe Electric Vehicles (EVs) Market Outlook, By Passenger Vehicles (2022-2030) ($MN)
54 Europe Electric Vehicles (EVs) Market Outlook, By Hatchbacks (2022-2030) ($MN)
55 Europe Electric Vehicles (EVs) Market Outlook, By Sedans (2022-2030) ($MN)
56 Europe Electric Vehicles (EVs) Market Outlook, By Plug-in Hybrid Electric Vehicle (PHEV) (2022-2030) ($MN)
57 Europe Electric Vehicles (EVs) Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
58 Europe Electric Vehicles (EVs) Market Outlook, By Class 6 Trucks (2022-2030) ($MN)
59 Europe Electric Vehicles (EVs) Market Outlook, By Class 8 Trucks (2022-2030) ($MN)
60 Europe Electric Vehicles (EVs) Market Outlook, By Class 7 Trucks (2022-2030) ($MN)
61 Europe Electric Vehicles (EVs) Market Outlook, By Battery Electric Vehicle (BEV) (2022-2030) ($MN)
62 Europe Electric Vehicles (EVs) Market Outlook, By Motor Type (2022-2030) ($MN)
63 Europe Electric Vehicles (EVs) Market Outlook, By Direct Current (DC) Motor (2022-2030) ($MN)
64 Europe Electric Vehicles (EVs) Market Outlook, By Alternating Current (AC) Motor (2022-2030) ($MN)
65 Europe Electric Vehicles (EVs) Market Outlook, By Drive Type (2022-2030) ($MN)
66 Europe Electric Vehicles (EVs) Market Outlook, By Rear Wheel Drive (2022-2030) ($MN)
67 Europe Electric Vehicles (EVs) Market Outlook, By Front Wheel Drive (2022-2030) ($MN)
68 Europe Electric Vehicles (EVs) Market Outlook, By Application (2022-2030) ($MN)
69 Europe Electric Vehicles (EVs) Market Outlook, By Powersports Applications (2022-2030) ($MN)
70 Europe Electric Vehicles (EVs) Market Outlook, By All-Terrain Vehicles and Quads (2022-2030) ($MN)
71 Europe Electric Vehicles (EVs) Market Outlook, By Snowmobiles (2022-2030) ($MN)
72 Europe Electric Vehicles (EVs) Market Outlook, By Golf Carts (2022-2030) ($MN)
73 Europe Electric Vehicles (EVs) Market Outlook, By Boats/Watersports (2022-2030) ($MN)
74 Europe Electric Vehicles (EVs) Market Outlook, By Last-mile Delivery Vehicles (2022-2030) ($MN)
75 Europe Electric Vehicles (EVs) Market Outlook, By Other Applications (2022-2030) ($MN)
76 Asia Pacific Electric Vehicles (EVs) Market Outlook, By Country (2022-2030) ($MN)
77 Asia Pacific Electric Vehicles (EVs) Market Outlook, By Vehicle Type (2022-2030) ($MN)
78 Asia Pacific Electric Vehicles (EVs) Market Outlook, By Passenger Vehicles (2022-2030) ($MN)
79 Asia Pacific Electric Vehicles (EVs) Market Outlook, By Hatchbacks (2022-2030) ($MN)
80 Asia Pacific Electric Vehicles (EVs) Market Outlook, By Sedans (2022-2030) ($MN)
81 Asia Pacific Electric Vehicles (EVs) Market Outlook, By Plug-in Hybrid Electric Vehicle (PHEV) (2022-2030) ($MN)
82 Asia Pacific Electric Vehicles (EVs) Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
83 Asia Pacific Electric Vehicles (EVs) Market Outlook, By Class 6 Trucks (2022-2030) ($MN)
84 Asia Pacific Electric Vehicles (EVs) Market Outlook, By Class 8 Trucks (2022-2030) ($MN)
85 Asia Pacific Electric Vehicles (EVs) Market Outlook, By Class 7 Trucks (2022-2030) ($MN)
86 Asia Pacific Electric Vehicles (EVs) Market Outlook, By Battery Electric Vehicle (BEV) (2022-2030) ($MN)
87 Asia Pacific Electric Vehicles (EVs) Market Outlook, By Motor Type (2022-2030) ($MN)
88 Asia Pacific Electric Vehicles (EVs) Market Outlook, By Direct Current (DC) Motor (2022-2030) ($MN)
89 Asia Pacific Electric Vehicles (EVs) Market Outlook, By Alternating Current (AC) Motor (2022-2030) ($MN)
90 Asia Pacific Electric Vehicles (EVs) Market Outlook, By Drive Type (2022-2030) ($MN)
91 Asia Pacific Electric Vehicles (EVs) Market Outlook, By Rear Wheel Drive (2022-2030) ($MN)
92 Asia Pacific Electric Vehicles (EVs) Market Outlook, By Front Wheel Drive (2022-2030) ($MN)
93 Asia Pacific Electric Vehicles (EVs) Market Outlook, By Application (2022-2030) ($MN)
94 Asia Pacific Electric Vehicles (EVs) Market Outlook, By Powersports Applications (2022-2030) ($MN)
95 Asia Pacific Electric Vehicles (EVs) Market Outlook, By All-Terrain Vehicles and Quads (2022-2030) ($MN)
96 Asia Pacific Electric Vehicles (EVs) Market Outlook, By Snowmobiles (2022-2030) ($MN)
97 Asia Pacific Electric Vehicles (EVs) Market Outlook, By Golf Carts (2022-2030) ($MN)
98 Asia Pacific Electric Vehicles (EVs) Market Outlook, By Boats/Watersports (2022-2030) ($MN)
99 Asia Pacific Electric Vehicles (EVs) Market Outlook, By Last-mile Delivery Vehicles (2022-2030) ($MN)
100 Asia Pacific Electric Vehicles (EVs) Market Outlook, By Other Applications (2022-2030) ($MN)
101 South America Electric Vehicles (EVs) Market Outlook, By Country (2022-2030) ($MN)
102 South America Electric Vehicles (EVs) Market Outlook, By Vehicle Type (2022-2030) ($MN)
103 South America Electric Vehicles (EVs) Market Outlook, By Passenger Vehicles (2022-2030) ($MN)
104 South America Electric Vehicles (EVs) Market Outlook, By Hatchbacks (2022-2030) ($MN)
105 South America Electric Vehicles (EVs) Market Outlook, By Sedans (2022-2030) ($MN)
106 South America Electric Vehicles (EVs) Market Outlook, By Plug-in Hybrid Electric Vehicle (PHEV) (2022-2030) ($MN)
107 South America Electric Vehicles (EVs) Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
108 South America Electric Vehicles (EVs) Market Outlook, By Class 6 Trucks (2022-2030) ($MN)
109 South America Electric Vehicles (EVs) Market Outlook, By Class 8 Trucks (2022-2030) ($MN)
110 South America Electric Vehicles (EVs) Market Outlook, By Class 7 Trucks (2022-2030) ($MN)
111 South America Electric Vehicles (EVs) Market Outlook, By Battery Electric Vehicle (BEV) (2022-2030) ($MN)
112 South America Electric Vehicles (EVs) Market Outlook, By Motor Type (2022-2030) ($MN)
113 South America Electric Vehicles (EVs) Market Outlook, By Direct Current (DC) Motor (2022-2030) ($MN)
114 South America Electric Vehicles (EVs) Market Outlook, By Alternating Current (AC) Motor (2022-2030) ($MN)
115 South America Electric Vehicles (EVs) Market Outlook, By Drive Type (2022-2030) ($MN)
116 South America Electric Vehicles (EVs) Market Outlook, By Rear Wheel Drive (2022-2030) ($MN)
117 South America Electric Vehicles (EVs) Market Outlook, By Front Wheel Drive (2022-2030) ($MN)
118 South America Electric Vehicles (EVs) Market Outlook, By Application (2022-2030) ($MN)
119 South America Electric Vehicles (EVs) Market Outlook, By Powersports Applications (2022-2030) ($MN)
120 South America Electric Vehicles (EVs) Market Outlook, By All-Terrain Vehicles and Quads (2022-2030) ($MN)
121 South America Electric Vehicles (EVs) Market Outlook, By Snowmobiles (2022-2030) ($MN)
122 South America Electric Vehicles (EVs) Market Outlook, By Golf Carts (2022-2030) ($MN)
123 South America Electric Vehicles (EVs) Market Outlook, By Boats/Watersports (2022-2030) ($MN)
124 South America Electric Vehicles (EVs) Market Outlook, By Last-mile Delivery Vehicles (2022-2030) ($MN)
125 South America Electric Vehicles (EVs) Market Outlook, By Other Applications (2022-2030) ($MN)
126 Middle East & Africa Electric Vehicles (EVs) Market Outlook, By Country (2022-2030) ($MN)
127 Middle East & Africa Electric Vehicles (EVs) Market Outlook, By Vehicle Type (2022-2030) ($MN)
128 Middle East & Africa Electric Vehicles (EVs) Market Outlook, By Passenger Vehicles (2022-2030) ($MN)
129 Middle East & Africa Electric Vehicles (EVs) Market Outlook, By Hatchbacks (2022-2030) ($MN)
130 Middle East & Africa Electric Vehicles (EVs) Market Outlook, By Sedans (2022-2030) ($MN)
131 Middle East & Africa Electric Vehicles (EVs) Market Outlook, By Plug-in Hybrid Electric Vehicle (PHEV) (2022-2030) ($MN)
132 Middle East & Africa Electric Vehicles (EVs) Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
133 Middle East & Africa Electric Vehicles (EVs) Market Outlook, By Class 6 Trucks (2022-2030) ($MN)
134 Middle East & Africa Electric Vehicles (EVs) Market Outlook, By Class 8 Trucks (2022-2030) ($MN)
135 Middle East & Africa Electric Vehicles (EVs) Market Outlook, By Class 7 Trucks (2022-2030) ($MN)
136 Middle East & Africa Electric Vehicles (EVs) Market Outlook, By Battery Electric Vehicle (BEV) (2022-2030) ($MN)
137 Middle East & Africa Electric Vehicles (EVs) Market Outlook, By Motor Type (2022-2030) ($MN)
138 Middle East & Africa Electric Vehicles (EVs) Market Outlook, By Direct Current (DC) Motor (2022-2030) ($MN)
139 Middle East & Africa Electric Vehicles (EVs) Market Outlook, By Alternating Current (AC) Motor (2022-2030) ($MN)
140 Middle East & Africa Electric Vehicles (EVs) Market Outlook, By Drive Type (2022-2030) ($MN)
141 Middle East & Africa Electric Vehicles (EVs) Market Outlook, By Rear Wheel Drive (2022-2030) ($MN)
142 Middle East & Africa Electric Vehicles (EVs) Market Outlook, By Front Wheel Drive (2022-2030) ($MN)
143 Middle East & Africa Electric Vehicles (EVs) Market Outlook, By Application (2022-2030) ($MN)
144 Middle East & Africa Electric Vehicles (EVs) Market Outlook, By Powersports Applications (2022-2030) ($MN)
145 Middle East & Africa Electric Vehicles (EVs) Market Outlook, By All-Terrain Vehicles and Quads (2022-2030) ($MN)
146 Middle East & Africa Electric Vehicles (EVs) Market Outlook, By Snowmobiles (2022-2030) ($MN)
147 Middle East & Africa Electric Vehicles (EVs) Market Outlook, By Golf Carts (2022-2030) ($MN)
148 Middle East & Africa Electric Vehicles (EVs) Market Outlook, By Boats/Watersports (2022-2030) ($MN)
149 Middle East & Africa Electric Vehicles (EVs) Market Outlook, By Last-mile Delivery Vehicles (2022-2030) ($MN)
150 Middle East & Africa Electric Vehicles (EVs) Market Outlook, By Other Applications (2022-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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