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EV and PHEV-Global Market Insights and Sales Trends 2025
Synopsis
The global EV and PHEV market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of EV and PHEV in various end use industries. The expanding demands from the Commercial Vehicle and Passenger Vehicle, are propelling EV and PHEV market. EV, 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 PHEV 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 EV and 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 EV and 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 EV and PHEV market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, EV and 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 EV and PHEV covered in this report include Volvo, Volkswagen, Toyota, Tesla, BMW, Porsche, Nissan, Mitsubishi and Kia, etc.
The global EV and 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:
Volvo
Volkswagen
Toyota
Tesla
BMW
Porsche
Nissan
Mitsubishi
Kia
Hyundai
Honda
Ford
Fiat
Chevrolet
Audi
BYD
Global EV and 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 EV and PHEV market, Segment by Type:
EV
PHEV
Global EV and PHEV market, by Application
Commercial Vehicle
Passenger Vehicle
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 EV and PHEV manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of EV and 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.
The global EV and PHEV market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of EV and PHEV in various end use industries. The expanding demands from the Commercial Vehicle and Passenger Vehicle, are propelling EV and PHEV market. EV, 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 PHEV 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 EV and 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 EV and 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 EV and PHEV market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, EV and 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 EV and PHEV covered in this report include Volvo, Volkswagen, Toyota, Tesla, BMW, Porsche, Nissan, Mitsubishi and Kia, etc.
The global EV and 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:
Volvo
Volkswagen
Toyota
Tesla
BMW
Porsche
Nissan
Mitsubishi
Kia
Hyundai
Honda
Ford
Fiat
Chevrolet
Audi
BYD
Global EV and 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 EV and PHEV market, Segment by Type:
EV
PHEV
Global EV and PHEV market, by Application
Commercial Vehicle
Passenger Vehicle
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 EV and PHEV manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of EV and 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 EV and PHEV Market Overview
1.1 EV and PHEV Product Overview
1.2 EV and PHEV Market Segment by Type
1.2.1 EV
1.2.2 PHEV
1.3 Global EV and PHEV Market Size by Type
1.3.1 Global EV and PHEV Market Size Overview by Type (2018-2029)
1.3.2 Global EV and PHEV Historic Market Size Review by Type (2018-2023)
1.3.3 Global EV and PHEV Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America EV and PHEV Sales Breakdown by Type (2018-2023)
1.4.2 Europe EV and PHEV Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific EV and PHEV Sales Breakdown by Type (2018-2023)
1.4.4 Latin America EV and PHEV Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa EV and PHEV Sales Breakdown by Type (2018-2023)
2 Global EV and PHEV Market Competition by Company
2.1 Global Top Players by EV and PHEV Sales (2018-2023)
2.2 Global Top Players by EV and PHEV Revenue (2018-2023)
2.3 Global Top Players by EV and PHEV Price (2018-2023)
2.4 Global Top Manufacturers EV and PHEV Manufacturing Base Distribution, Sales Area, Product Type
2.5 EV and PHEV Market Competitive Situation and Trends
2.5.1 EV and PHEV Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by EV and 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 EV and PHEV as of 2022)
2.7 Date of Key Manufacturers Enter into EV and PHEV Market
2.8 Key Manufacturers EV and PHEV Product Offered
2.9 Mergers & Acquisitions, Expansion
3 EV and PHEV Status and Outlook by Region
3.1 Global EV and PHEV Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global EV and PHEV Historic Market Size by Region
3.2.1 Global EV and PHEV Sales in Volume by Region (2018-2023)
3.2.2 Global EV and PHEV Sales in Value by Region (2018-2023)
3.2.3 Global EV and PHEV Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global EV and PHEV Forecasted Market Size by Region
3.3.1 Global EV and PHEV Sales in Volume by Region (2024-2029)
3.3.2 Global EV and PHEV Sales in Value by Region (2024-2029)
3.3.3 Global EV and PHEV Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global EV and PHEV by Application
4.1 EV and PHEV Market Segment by Application
4.1.1 Commercial Vehicle
4.1.2 Passenger Vehicle
4.2 Global EV and PHEV Market Size by Application
4.2.1 Global EV and PHEV Market Size Overview by Application (2018-2029)
4.2.2 Global EV and PHEV Historic Market Size Review by Application (2018-2023)
4.2.3 Global EV and PHEV Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America EV and PHEV Sales Breakdown by Application (2018-2023)
4.3.2 Europe EV and PHEV Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific EV and PHEV Sales Breakdown by Application (2018-2023)
4.3.4 Latin America EV and PHEV Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa EV and PHEV Sales Breakdown by Application (2018-2023)
5 North America EV and PHEV by Country
5.1 North America EV and PHEV Historic Market Size by Country
5.1.1 North America EV and PHEV Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America EV and PHEV Sales in Volume by Country (2018-2023)
5.1.3 North America EV and PHEV Sales in Value by Country (2018-2023)
5.2 North America EV and PHEV Forecasted Market Size by Country
5.2.1 North America EV and PHEV Sales in Volume by Country (2024-2029)
5.2.2 North America EV and PHEV Sales in Value by Country (2024-2029)
6 Europe EV and PHEV by Country
6.1 Europe EV and PHEV Historic Market Size by Country
6.1.1 Europe EV and PHEV Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe EV and PHEV Sales in Volume by Country (2018-2023)
6.1.3 Europe EV and PHEV Sales in Value by Country (2018-2023)
6.2 Europe EV and PHEV Forecasted Market Size by Country
6.2.1 Europe EV and PHEV Sales in Volume by Country (2024-2029)
6.2.2 Europe EV and PHEV Sales in Value by Country (2024-2029)
7 Asia-Pacific EV and PHEV by Region
7.1 Asia-Pacific EV and PHEV Historic Market Size by Region
7.1.1 Asia-Pacific EV and PHEV Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific EV and PHEV Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific EV and PHEV Sales in Value by Region (2018-2023)
7.2 Asia-Pacific EV and PHEV Forecasted Market Size by Region
7.2.1 Asia-Pacific EV and PHEV Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific EV and PHEV Sales in Value by Region (2024-2029)
8 Latin America EV and PHEV by Country
8.1 Latin America EV and PHEV Historic Market Size by Country
8.1.1 Latin America EV and PHEV Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America EV and PHEV Sales in Volume by Country (2018-2023)
8.1.3 Latin America EV and PHEV Sales in Value by Country (2018-2023)
8.2 Latin America EV and PHEV Forecasted Market Size by Country
8.2.1 Latin America EV and PHEV Sales in Volume by Country (2024-2029)
8.2.2 Latin America EV and PHEV Sales in Value by Country (2024-2029)
9 Middle East and Africa EV and PHEV by Country
9.1 Middle East and Africa EV and PHEV Historic Market Size by Country
9.1.1 Middle East and Africa EV and PHEV Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa EV and PHEV Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa EV and PHEV Sales in Value by Country (2018-2023)
9.2 Middle East and Africa EV and PHEV Forecasted Market Size by Country
9.2.1 Middle East and Africa EV and PHEV Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa EV and PHEV Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Volvo
10.1.1 Volvo Company Information
10.1.2 Volvo Introduction and Business Overview
10.1.3 Volvo EV and PHEV Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Volvo EV and PHEV Products Offered
10.1.5 Volvo Recent Development
10.2 Volkswagen
10.2.1 Volkswagen Company Information
10.2.2 Volkswagen Introduction and Business Overview
10.2.3 Volkswagen EV and PHEV Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Volkswagen EV and PHEV Products Offered
10.2.5 Volkswagen Recent Development
10.3 Toyota
10.3.1 Toyota Company Information
10.3.2 Toyota Introduction and Business Overview
10.3.3 Toyota EV and PHEV Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Toyota EV and PHEV Products Offered
10.3.5 Toyota Recent Development
10.4 Tesla
10.4.1 Tesla Company Information
10.4.2 Tesla Introduction and Business Overview
10.4.3 Tesla EV and PHEV Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Tesla EV and PHEV Products Offered
10.4.5 Tesla Recent Development
10.5 BMW
10.5.1 BMW Company Information
10.5.2 BMW Introduction and Business Overview
10.5.3 BMW EV and PHEV Sales, Revenue and Gross Margin (2018-2023)
10.5.4 BMW EV and PHEV Products Offered
10.5.5 BMW Recent Development
10.6 Porsche
10.6.1 Porsche Company Information
10.6.2 Porsche Introduction and Business Overview
10.6.3 Porsche EV and PHEV Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Porsche EV and PHEV Products Offered
10.6.5 Porsche Recent Development
10.7 Nissan
10.7.1 Nissan Company Information
10.7.2 Nissan Introduction and Business Overview
10.7.3 Nissan EV and PHEV Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Nissan EV and PHEV Products Offered
10.7.5 Nissan Recent Development
10.8 Mitsubishi
10.8.1 Mitsubishi Company Information
10.8.2 Mitsubishi Introduction and Business Overview
10.8.3 Mitsubishi EV and PHEV Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Mitsubishi EV and PHEV Products Offered
10.8.5 Mitsubishi Recent Development
10.9 Kia
10.9.1 Kia Company Information
10.9.2 Kia Introduction and Business Overview
10.9.3 Kia EV and PHEV Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Kia EV and PHEV Products Offered
10.9.5 Kia Recent Development
10.10 Hyundai
10.10.1 Hyundai Company Information
10.10.2 Hyundai Introduction and Business Overview
10.10.3 Hyundai EV and PHEV Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Hyundai EV and 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 EV and PHEV Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Honda EV and PHEV Products Offered
10.11.5 Honda Recent Development
10.12 Ford
10.12.1 Ford Company Information
10.12.2 Ford Introduction and Business Overview
10.12.3 Ford EV and PHEV Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Ford EV and PHEV Products Offered
10.12.5 Ford Recent Development
10.13 Fiat
10.13.1 Fiat Company Information
10.13.2 Fiat Introduction and Business Overview
10.13.3 Fiat EV and PHEV Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Fiat EV and PHEV Products Offered
10.13.5 Fiat Recent Development
10.14 Chevrolet
10.14.1 Chevrolet Company Information
10.14.2 Chevrolet Introduction and Business Overview
10.14.3 Chevrolet EV and PHEV Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Chevrolet EV and PHEV Products Offered
10.14.5 Chevrolet Recent Development
10.15 Audi
10.15.1 Audi Company Information
10.15.2 Audi Introduction and Business Overview
10.15.3 Audi EV and PHEV Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Audi EV and PHEV Products Offered
10.15.5 Audi Recent Development
10.16 BYD
10.16.1 BYD Company Information
10.16.2 BYD Introduction and Business Overview
10.16.3 BYD EV and PHEV Sales, Revenue and Gross Margin (2018-2023)
10.16.4 BYD EV and PHEV Products Offered
10.16.5 BYD Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 EV and 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 EV and PHEV Industrial Chain Analysis
11.4 EV and PHEV Market Dynamics
11.4.1 EV and PHEV Industry Trends
11.4.2 EV and PHEV Market Drivers
11.4.3 EV and PHEV Market Challenges
11.4.4 EV and PHEV Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 EV and PHEV Distributors
12.3 EV and 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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