Explore In-Depth Reports on Electric Vehicles & Components. Offering Past Performance, Recent Statistics, and Future Revenue Prospects, These Reports Offer Precise Insights to Stay Ahead with Recent Industry Trends.
The commercial electric vehicle market size stood at USD 59.4 billion in 2024, and it is expected to grow at a CAGR of 25.5% during 2025–2032, to reach USD 360.6 billion by 2032. The declining cost and improving operational efficiency of bat...
The global off-highway electric vehicles market size is estimated at 411 thousand units in 2024, and it will advance at a CAGR of 26.6% during 2024–2030, reaching 1,695 thousand units by 2030. This is primarily due to the rising demand for l...
The Indian electric scooters and motorcycles market size will stand at an estimated USD 681.3 million in 2024 and advance at a compound annual growth rate of 66.4% during 2024–2030, to reach USD 14,487.5 million by 2030. This is due to the grow...
The global electric car market size is estimated to have stood at 7.0 million units in 2024, and it is expected to grow at a CAGR of 34.2% during 2024–2030, to reach 40.7 million units by 2030. In recent years, electric cars have become a major...
The global e-bikes market size is estimated to have stood at USD 25.6 billion in 2024, and it is expected to advance at a compound annual growth rate of 15.7% during 2024–2030, to reach USD 61.5 billion by 2030. The growth of the market is a...
The Indian electric bus market generated revenue of USD 282.7 million in 2023, which is expected to witness a CAGR of 18.2% during 2024–2030, to reach USD 905.4 million by 2030. India is witnessing rapid urbanization, which is leading to an ...
The electric bus market size was USD 18.8 billion in 2023, and it is expected to grow at a CAGR of 14.6% during 2024–2030, to reach USD 48.5 billion by 2030. It is due to the growing concerns over greenhouse gas (GHG) emissions, declining cost ...
The Indian electric car market stood at 19,778 units in 2023, which is expected to witness a CAGR of 56.0% during 2024–2030, to reach 430,603 units by 2030. The major factors driving the market are the rising FDI, construction of manufacturing ...
The European electric scooters and motorcycles market was valued at USD 562.6 million in 2024, which is expected to grow at a CAGR of 28.3% during the forecast period 2024–2030. The major factors responsible for the growth of the market are ris...
The U.S. electric truck market generated revenue of USD 730.6 million in 2023, which is expected to witness a CAGR of 54.3% during 2024–2030, to reach USD 15,143.4 million by 2030. This is primarily due to the increasing number of government me...
The North American electric scooters and motorcycles market size was valued at USD 727.9 million in 2023, and it is expected to grow at a CAGR of 18.4% during 2024–2030, to reach USD 2,360.5 million by 2030. The growth is predominantly drive...
The Indian e-rickshaw market generated a revenue of USD 291.9 million in 2023, and it is expected to reach USD 463.9 million in 2030, with a growth rate of 7.0% during 2024–2030. The major factors behind this are government incentives and envir...
The U.S. electric bus market was valued at 1,268.3 million in 2023, which is expected to grow at a CAGR of 14.5% during the forecast period 2024–2030. The market is seeing growth due to several factors such as the availability of local, state, ...
The electric truck market is estimated to be at 135,632 units in 2023, and it is expected to grow at a CAGR of 34.5% during 2024–2030, to reach 1,074,084 units by 2030. The conventional fuel-based trucks have high operating and maintenance c...
The electric bus charging station market was valued at USD 3,116.6 million in 2023, witnessing a compound annual growth rate (CAGR) of 30.5% during the forecast period (2024–2030). ...
The electric vehicle component market size stood at USD 123.1 billion in 2023, and it is expected to reach USD 472.7 billion by 2030, exhibiting a CAGR of 21.3% during 2024–2030. ...
The EV charging cables market size has been estimated at USD 1,287.3 million in 2023, and it is expected to grow at a CAGR of 16.8% during 2024–2030, to reach USD 3,775.6 million by 2030. ...
The electric powertrain market size stands at an estimated USD 107.8 billion in 2024, and it is expected to witness a compound annual growth rate of 13.1% during 2024–2030, to reach USD 226.3 billion by 2030. The rising demand for electric v...
The Indian electric vehicle supply equipment market size is estimated to have stood at USD 8.1 billion in 2024, and it is expected to reach USD 44.3 billion in 2030, with a compound annual growth rate of 32.6% during 2024–2030. This is due to t...
The global electric van market revenue has been estimated at USD 13.3 billion in 2024, which is expected to reach USD 60.9 billion by 2030, growing at a CAGR of 29.0% during 2024–2030. This will be due to the surging demand for environment-f...
The hybrid electric car market sales volume is expected to reach 4.3 million units in 2024, and it is expected to grow at a CAGR of 14.9% during 2024–2030, to reach 9.9 million unit by 2030. This is due to the increasing implementation of st...
The global fuel cell electric vehicle market was valued at ~$3 billion in 2020. The major influencers for the growth of the market are the strict norms for carbon emissions, increasing adoption of electric vehicles in emerging economies ...
The global electric vehicle market has witnessed tremendous development since the mid-2010s. The shared vision among policymakers, industry players, and the society accelerated the electric vehicle adoption in the historical years (2014–2019...
The global electric vehicles and robotics in mining market is expected to witness considerable growth during the forecast period (2020–2030). The mining industry has always been labour-intensive industry. ...
The Indian electric vehicle market is expected to witness tremendous growth in the coming years, owing to the different initiatives undertaken by the key stakeholders, including impactful government support. ...
Currently, the Indian electric loader rickshaw market is at its nascent phase, but it is projected to witness notable growth during 2020–2030, on account of the rising usage of these vehicles for logistics services and increasing government ...
The global wireless electric vehicle (EV) charging market is currently at its nascent phase, but is estimated to witness a significant growth during the forecast period (2020–2030). The wireless EV charging is one of the latest technologies ...
Valued at $13.3 million in 2018, the U.K. electric bus charging station market is projected to reach $95.5 million by 2025, witnessing a CAGR of 30.7% during the forecast period (2019–2025). ...
The Italian electric bus charging station market was valued at $12.3 million in 2018, and is estimated to surpass $44.8 million by 2025, witnessing a CAGR of 20.3% between 2019 and 2025. ...
The U.S. electric bus charging station market stood at $20.9 million in 2018, and is further projected to surpass $184.5 million by 2025, registering a CAGR of 37.1% during the forecast period (2019–2025). ...
The ASEAN electric vehicle market is experiencing increased product demand owing to strong government support toward electric vehicle adoption. While the concept of electric vehicles continues to capture the customer interest, subsidies by government...
The European electric bus charging station market stood at $221.2 million in 2018. The market is expected to grow at a CAGR of 22.4%, in terms of volume, during the forecast period. ...
The APAC electric three-wheeler market is forecasted to amount to $11,935.1 million by 2023, registering a CAGR of 4.1% during the forecast period. The market has witnessed significant growth in the recent past, owing to low ownership cost, governmen...
The Indian electric passenger car market is poised to grow significantly during the forecast period, much of which can be owed to the incentives offered by government for vehicles with clean fuel technology. The government’s stringent emission ...
The Asia-Pacific (APAC) low-speed electric vehicle (LSEV) market size is expected to reach 71.8 million units by 2025, exhibiting a CAGR of 6.6% during 2018–2025. The market is growing owing to the rising urbanization rate, declining battery pr...
The global low-speed electric vehicle (LSEV) market was valued at $35.2 billion in 2017, which is expected to reach $68.0 billion by 2025, growing at a CAGR of 8.7% during 2018–2025. ...
The APAC electric scooters and motorcycles market is forecasted to reach 31.2 million units by 2025, registering a CAGR of 7.6% during the forecast period. The market has witnessed a significant growth in the recent past, owing to the rapid urbanizat...
The electric bus sales in China were 104.3 thousand units in 2017 and are projected to reach 176.4 thousand units by 2025, witnessing a CAGR of 8.6% between 2018 and 2025. ...
China electric scooters and motorcycles market size stood at $7.7 billion in 2017 and is projected to reach $12.5 billion by 2025, at a CAGR of 6.1% during the forecast period. While the government support in the form of subsidies and regulations hav...
The demand for electric buses in the Europe has augmented dramatically over the last decade. The market in the country is predominantly driven by rising air quality concerns, high dependence on conventional or non-renewable fuels, strong environmenta...
Electric bus market in Brazil registered a CAGR of 212.7% during 2013 – 2016, recording a shipment of over 2,000 units in 2016. The market in Brazil is currently in its nascent phase, though it is expected to grow significantly after 2017. The ...
One of the major advantage that China has over other countries is a developed electric battery manufacturing. There are close to 150 electric vehicle battery manufacturers in China. As battery is the key component of an electric car, a sufficient and...
Lack of sufficient number of recharging stations is a major constraint for the electric car market growth. There are around 16,000 public recharging stations in the U.S., with majority being slow charging stations. Moreover, these too are unevenly di...
A typical car customer in major economies, such as India and China, is highly cost sensitive. Even though the running cost of an electric car is low (6kms per 1KWh), it is the high battery cost, which increases the upfront or showroom price of electr...
The value chain of electric vehicles is still underdeveloped in Europe. Apart from the recharging stations, the value chain includes the battery manufacturing, procurement and sourcing of various parts used in an electric car. The development of elec...