The Market Reports

Synopsis
The global market for New Energy Vehicles was estimated to be worth US$ 544654 million in 2024 and is forecast to a readjusted size of US$ 1665510 million by 2031 with a CAGR of 15.3% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on New Energy Vehicles cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
New energy vehicles (NEVs) refer to vehicles that are powered by non-traditional fuel sources and use advanced propulsion systems that significantly reduce or eliminate harmful emissions. NEVs include battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and fuel cell vehicles (FCVs). These vehicles typically rely on electricity, hydrogen, or a combination of energy sources instead of conventional fossil fuels. NEVs are designed to offer environmental benefits such as reduced carbon emissions, improved energy efficiency, and lower operating costs.
The new energy vehicle market is experiencing rapid development as environmental regulations tighten and energy transformation becomes a strategic priority across transportation sectors. With the rise of sustainable mobility, NEVs have become a major focus for automotive innovation, government policy support, and consumer interest. The expansion of NEV infrastructure—such as charging networks and hydrogen refueling stations—alongside battery technology improvements and cost reductions, has significantly enhanced the practicality and appeal of NEVs in both personal and commercial use.
In China, NEVs are at the core of national policy for green development and industrial upgrading. The domestic market has seen explosive growth in production and sales of electric vehicles, and a growing number of cities are introducing NEV-exclusive incentives, including license plate benefits, toll reductions, and preferential access to urban areas. Meanwhile, commercial applications of NEVs—such as electric logistics vehicles, taxis, and public buses—are steadily increasing as fleet operators seek cost-effective and environmentally friendly alternatives. As technology and supply chains mature, the NEV sector is transitioning from a policy-driven market to a market-driven one, where performance, user experience, and long-term value are becoming decisive factors in consumer adoption.
This report aims to provide a comprehensive presentation of the global market for New Energy Vehicles, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of New Energy Vehicles by region & country, by Type, and by Application.
The New Energy Vehicles market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding New Energy Vehicles.
Market Segmentation
By Company
Tesla
BYD
Volkswagen
BMW
Mercedes-Benz
Stellantis
SAIC
VOLVO
Hyundai & Kia
Renault
GEELY
GAC Motor
NIO
ONE
Ford
XPeng
Chery
TOYOTA
Leapmotor
Great Wall Motors
Nissan
Seres Auto
AION
Segment by Type
BEV
PHEV
Fuel Cell Vehicle
Segment by Application
Home Use
Commercial Use
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides 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 2: Detailed analysis of New Energy Vehicles manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of New Energy Vehicles in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of New Energy Vehicles in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: 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 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index