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Electric Vehicle (BEV, PHEV)-Global Market Insights and Sales Trends 2025
Synopsis
A battery electric vehicle (BEV), pure electric vehicle or all-electric vehicle is a type of electric vehicle (EV) that uses chemical energy stored in rechargeable battery packs.
The global Electric Vehicle (BEV, PHEV) market size is expected to reach US$ 235350 million by 2029, growing at a CAGR of 5.3% from 2023 to 2029. The market is mainly driven by the significant applications of Electric Vehicle (BEV, PHEV) in various end use industries. The expanding demands from the Household and Commercial, are propelling Electric Vehicle (BEV, PHEV) market. Normal Charging, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Super Charging segment is estimated at % CAGR for the next seven-year period.
Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Electric Vehicle (BEV, PHEV), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Electric Vehicle (BEV, PHEV) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Electric Vehicle (BEV, PHEV) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electric Vehicle (BEV, PHEV) sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Electric Vehicle (BEV, PHEV) covered in this report include Tesla, Nissan, BYD, BMW, Volkswagen, Toyota, Ford, Volvo and Daimler, etc.
The global Electric Vehicle (BEV, PHEV) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Tesla
Nissan
BYD
BMW
Volkswagen
Toyota
Ford
Volvo
Daimler
Hyundai
Honda
Global Electric Vehicle (BEV, PHEV) market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Electric Vehicle (BEV, PHEV) market, Segment by Type:
Normal Charging
Super Charging
Inductive Charging
Global Electric Vehicle (BEV, PHEV) market, by Application
Household
Commercial
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Electric Vehicle (BEV, PHEV) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electric Vehicle (BEV, PHEV) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
A battery electric vehicle (BEV), pure electric vehicle or all-electric vehicle is a type of electric vehicle (EV) that uses chemical energy stored in rechargeable battery packs.
The global Electric Vehicle (BEV, PHEV) market size is expected to reach US$ 235350 million by 2029, growing at a CAGR of 5.3% from 2023 to 2029. The market is mainly driven by the significant applications of Electric Vehicle (BEV, PHEV) in various end use industries. The expanding demands from the Household and Commercial, are propelling Electric Vehicle (BEV, PHEV) market. Normal Charging, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Super Charging segment is estimated at % CAGR for the next seven-year period.
Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Electric Vehicle (BEV, PHEV), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Electric Vehicle (BEV, PHEV) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Electric Vehicle (BEV, PHEV) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electric Vehicle (BEV, PHEV) sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Electric Vehicle (BEV, PHEV) covered in this report include Tesla, Nissan, BYD, BMW, Volkswagen, Toyota, Ford, Volvo and Daimler, etc.
The global Electric Vehicle (BEV, PHEV) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Tesla
Nissan
BYD
BMW
Volkswagen
Toyota
Ford
Volvo
Daimler
Hyundai
Honda
Global Electric Vehicle (BEV, PHEV) market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Electric Vehicle (BEV, PHEV) market, Segment by Type:
Normal Charging
Super Charging
Inductive Charging
Global Electric Vehicle (BEV, PHEV) market, by Application
Household
Commercial
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Electric Vehicle (BEV, PHEV) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electric Vehicle (BEV, PHEV) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Electric Vehicle (BEV, PHEV) Market Overview
1.1 Electric Vehicle (BEV, PHEV) Product Overview
1.2 Electric Vehicle (BEV, PHEV) Market Segment by Type
1.2.1 Normal Charging
1.2.2 Super Charging
1.2.3 Inductive Charging
1.3 Global Electric Vehicle (BEV, PHEV) Market Size by Type
1.3.1 Global Electric Vehicle (BEV, PHEV) Market Size Overview by Type (2018-2029)
1.3.2 Global Electric Vehicle (BEV, PHEV) Historic Market Size Review by Type (2018-2023)
1.3.3 Global Electric Vehicle (BEV, PHEV) Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Electric Vehicle (BEV, PHEV) Sales Breakdown by Type (2018-2023)
1.4.2 Europe Electric Vehicle (BEV, PHEV) Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Electric Vehicle (BEV, PHEV) Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Electric Vehicle (BEV, PHEV) Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Electric Vehicle (BEV, PHEV) Sales Breakdown by Type (2018-2023)
2 Global Electric Vehicle (BEV, PHEV) Market Competition by Company
2.1 Global Top Players by Electric Vehicle (BEV, PHEV) Sales (2018-2023)
2.2 Global Top Players by Electric Vehicle (BEV, PHEV) Revenue (2018-2023)
2.3 Global Top Players by Electric Vehicle (BEV, PHEV) Price (2018-2023)
2.4 Global Top Manufacturers Electric Vehicle (BEV, PHEV) Manufacturing Base Distribution, Sales Area, Product Type
2.5 Electric Vehicle (BEV, PHEV) Market Competitive Situation and Trends
2.5.1 Electric Vehicle (BEV, PHEV) Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Electric Vehicle (BEV, PHEV) Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Electric Vehicle (BEV, PHEV) as of 2022)
2.7 Date of Key Manufacturers Enter into Electric Vehicle (BEV, PHEV) Market
2.8 Key Manufacturers Electric Vehicle (BEV, PHEV) Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Electric Vehicle (BEV, PHEV) Status and Outlook by Region
3.1 Global Electric Vehicle (BEV, PHEV) Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Electric Vehicle (BEV, PHEV) Historic Market Size by Region
3.2.1 Global Electric Vehicle (BEV, PHEV) Sales in Volume by Region (2018-2023)
3.2.2 Global Electric Vehicle (BEV, PHEV) Sales in Value by Region (2018-2023)
3.2.3 Global Electric Vehicle (BEV, PHEV) Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Electric Vehicle (BEV, PHEV) Forecasted Market Size by Region
3.3.1 Global Electric Vehicle (BEV, PHEV) Sales in Volume by Region (2024-2029)
3.3.2 Global Electric Vehicle (BEV, PHEV) Sales in Value by Region (2024-2029)
3.3.3 Global Electric Vehicle (BEV, PHEV) Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Electric Vehicle (BEV, PHEV) by Application
4.1 Electric Vehicle (BEV, PHEV) Market Segment by Application
4.1.1 Household
4.1.2 Commercial
4.2 Global Electric Vehicle (BEV, PHEV) Market Size by Application
4.2.1 Global Electric Vehicle (BEV, PHEV) Market Size Overview by Application (2018-2029)
4.2.2 Global Electric Vehicle (BEV, PHEV) Historic Market Size Review by Application (2018-2023)
4.2.3 Global Electric Vehicle (BEV, PHEV) Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Electric Vehicle (BEV, PHEV) Sales Breakdown by Application (2018-2023)
4.3.2 Europe Electric Vehicle (BEV, PHEV) Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Electric Vehicle (BEV, PHEV) Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Electric Vehicle (BEV, PHEV) Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Electric Vehicle (BEV, PHEV) Sales Breakdown by Application (2018-2023)
5 North America Electric Vehicle (BEV, PHEV) by Country
5.1 North America Electric Vehicle (BEV, PHEV) Historic Market Size by Country
5.1.1 North America Electric Vehicle (BEV, PHEV) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Electric Vehicle (BEV, PHEV) Sales in Volume by Country (2018-2023)
5.1.3 North America Electric Vehicle (BEV, PHEV) Sales in Value by Country (2018-2023)
5.2 North America Electric Vehicle (BEV, PHEV) Forecasted Market Size by Country
5.2.1 North America Electric Vehicle (BEV, PHEV) Sales in Volume by Country (2024-2029)
5.2.2 North America Electric Vehicle (BEV, PHEV) Sales in Value by Country (2024-2029)
6 Europe Electric Vehicle (BEV, PHEV) by Country
6.1 Europe Electric Vehicle (BEV, PHEV) Historic Market Size by Country
6.1.1 Europe Electric Vehicle (BEV, PHEV) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Electric Vehicle (BEV, PHEV) Sales in Volume by Country (2018-2023)
6.1.3 Europe Electric Vehicle (BEV, PHEV) Sales in Value by Country (2018-2023)
6.2 Europe Electric Vehicle (BEV, PHEV) Forecasted Market Size by Country
6.2.1 Europe Electric Vehicle (BEV, PHEV) Sales in Volume by Country (2024-2029)
6.2.2 Europe Electric Vehicle (BEV, PHEV) Sales in Value by Country (2024-2029)
7 Asia-Pacific Electric Vehicle (BEV, PHEV) by Region
7.1 Asia-Pacific Electric Vehicle (BEV, PHEV) Historic Market Size by Region
7.1.1 Asia-Pacific Electric Vehicle (BEV, PHEV) Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Electric Vehicle (BEV, PHEV) Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Electric Vehicle (BEV, PHEV) Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Electric Vehicle (BEV, PHEV) Forecasted Market Size by Region
7.2.1 Asia-Pacific Electric Vehicle (BEV, PHEV) Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Electric Vehicle (BEV, PHEV) Sales in Value by Region (2024-2029)
8 Latin America Electric Vehicle (BEV, PHEV) by Country
8.1 Latin America Electric Vehicle (BEV, PHEV) Historic Market Size by Country
8.1.1 Latin America Electric Vehicle (BEV, PHEV) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Electric Vehicle (BEV, PHEV) Sales in Volume by Country (2018-2023)
8.1.3 Latin America Electric Vehicle (BEV, PHEV) Sales in Value by Country (2018-2023)
8.2 Latin America Electric Vehicle (BEV, PHEV) Forecasted Market Size by Country
8.2.1 Latin America Electric Vehicle (BEV, PHEV) Sales in Volume by Country (2024-2029)
8.2.2 Latin America Electric Vehicle (BEV, PHEV) Sales in Value by Country (2024-2029)
9 Middle East and Africa Electric Vehicle (BEV, PHEV) by Country
9.1 Middle East and Africa Electric Vehicle (BEV, PHEV) Historic Market Size by Country
9.1.1 Middle East and Africa Electric Vehicle (BEV, PHEV) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Electric Vehicle (BEV, PHEV) Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Electric Vehicle (BEV, PHEV) Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Electric Vehicle (BEV, PHEV) Forecasted Market Size by Country
9.2.1 Middle East and Africa Electric Vehicle (BEV, PHEV) Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Electric Vehicle (BEV, PHEV) Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Tesla
10.1.1 Tesla Company Information
10.1.2 Tesla Introduction and Business Overview
10.1.3 Tesla Electric Vehicle (BEV, PHEV) Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Tesla Electric Vehicle (BEV, PHEV) Products Offered
10.1.5 Tesla Recent Development
10.2 Nissan
10.2.1 Nissan Company Information
10.2.2 Nissan Introduction and Business Overview
10.2.3 Nissan Electric Vehicle (BEV, PHEV) Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Nissan Electric Vehicle (BEV, PHEV) Products Offered
10.2.5 Nissan Recent Development
10.3 BYD
10.3.1 BYD Company Information
10.3.2 BYD Introduction and Business Overview
10.3.3 BYD Electric Vehicle (BEV, PHEV) Sales, Revenue and Gross Margin (2018-2023)
10.3.4 BYD Electric Vehicle (BEV, PHEV) Products Offered
10.3.5 BYD Recent Development
10.4 BMW
10.4.1 BMW Company Information
10.4.2 BMW Introduction and Business Overview
10.4.3 BMW Electric Vehicle (BEV, PHEV) Sales, Revenue and Gross Margin (2018-2023)
10.4.4 BMW Electric Vehicle (BEV, PHEV) Products Offered
10.4.5 BMW Recent Development
10.5 Volkswagen
10.5.1 Volkswagen Company Information
10.5.2 Volkswagen Introduction and Business Overview
10.5.3 Volkswagen Electric Vehicle (BEV, PHEV) Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Volkswagen Electric Vehicle (BEV, PHEV) Products Offered
10.5.5 Volkswagen Recent Development
10.6 Toyota
10.6.1 Toyota Company Information
10.6.2 Toyota Introduction and Business Overview
10.6.3 Toyota Electric Vehicle (BEV, PHEV) Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Toyota Electric Vehicle (BEV, PHEV) Products Offered
10.6.5 Toyota Recent Development
10.7 Ford
10.7.1 Ford Company Information
10.7.2 Ford Introduction and Business Overview
10.7.3 Ford Electric Vehicle (BEV, PHEV) Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Ford Electric Vehicle (BEV, PHEV) Products Offered
10.7.5 Ford Recent Development
10.8 Volvo
10.8.1 Volvo Company Information
10.8.2 Volvo Introduction and Business Overview
10.8.3 Volvo Electric Vehicle (BEV, PHEV) Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Volvo Electric Vehicle (BEV, PHEV) Products Offered
10.8.5 Volvo Recent Development
10.9 Daimler
10.9.1 Daimler Company Information
10.9.2 Daimler Introduction and Business Overview
10.9.3 Daimler Electric Vehicle (BEV, PHEV) Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Daimler Electric Vehicle (BEV, PHEV) Products Offered
10.9.5 Daimler Recent Development
10.10 Hyundai
10.10.1 Hyundai Company Information
10.10.2 Hyundai Introduction and Business Overview
10.10.3 Hyundai Electric Vehicle (BEV, PHEV) Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Hyundai Electric Vehicle (BEV, PHEV) Products Offered
10.10.5 Hyundai Recent Development
10.11 Honda
10.11.1 Honda Company Information
10.11.2 Honda Introduction and Business Overview
10.11.3 Honda Electric Vehicle (BEV, PHEV) Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Honda Electric Vehicle (BEV, PHEV) Products Offered
10.11.5 Honda Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Electric Vehicle (BEV, PHEV) Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Electric Vehicle (BEV, PHEV) Industrial Chain Analysis
11.4 Electric Vehicle (BEV, PHEV) Market Dynamics
11.4.1 Electric Vehicle (BEV, PHEV) Industry Trends
11.4.2 Electric Vehicle (BEV, PHEV) Market Drivers
11.4.3 Electric Vehicle (BEV, PHEV) Market Challenges
11.4.4 Electric Vehicle (BEV, PHEV) Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Electric Vehicle (BEV, PHEV) Distributors
12.3 Electric Vehicle (BEV, PHEV) Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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