What is the size of the global electric cars market?

The global electric cars market size was estimated at USD 85 billion in 2020 and is expected to reach USD 88 billion in 2021.

What is the electric cars market growth?

The global electric cars market is expected to advance at a compound annual growth rate of 9.1% from 2021 to 2025 to reach USD 139.9 billion by 2025.

Which product segment dominated the global electric cars market?

The battery electric vehicle (BEV) segment dominated the global market and accounted for the largest revenue share of more than 60% in 2020. Further, this segment is also anticipated to continue its dominance and emerge as the fastest-growing segment by 2025.

Which battery type held the largest share in the electric cars market?

The lithium-ion (li-ion) segment dominated the electric cars market and held the largest revenue share of nearly to 45% in 2020. The substantial share of this segment can be attributed to high automotive production globally.

Which region accounted for the largest electric cars market share?

Asia Pacific dominated the electric cars market and accounted for the largest revenue share of over 40% in 2020. The region is projected to observe the fastest growth in terms of revenue, during the forecast period.

Who are the key players in the electric cars market?

The leading manufacturers of electric cars in the global market include Tesla, Inc., BYD Auto, BAIC Motor, Zotye Auto, Renault Nissan, BMW AG, General Motors, Volkswagen AG, Ford Motor Company, Kia Motors, and Chery Automobile.

What are the factors driving the electric cars market?

Key factors that are driving the electric cars market growth include a rapid growth in the implementation of chargers at the ground level and various government incentives for purchasing electric cars, tax credits, subsidies, and other non-monetary incentives for electric cars will increase the demand for electric cars during the forecast period.

Electric Cars Market

Industry Size, Growth, Emerging Trends, Regional Analysis, Opportunities, and Forecast By 2033

The development of electric cars charging infrastructure, supportive policies, falling electric vehicle prices, and rising concerns for air pollution and GHG emissions are the driving factors of electric cars in the global market.

Region: Global | Format: Word, PPT, Excel | Report Status: Ongoing

Electric Cars Market

Electric Cars Market

The development of electric cars charging infrastructure, supportive policies, falling electric vehicle prices, and rising concerns for air pollution and GHG emissions are the driving factors of electric cars in the global market.

The development of electric cars charging infrastructure, supportive policies, falling electric vehicle prices, and rising concerns for air pollution and GHG emissions are the driving factors of electric cars in the global market.

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