The global electric vehicles market size is projected to grow by USD 569 billion from 2022 to 2028, registering a CAGR of 16.3 percent, according to a new report by Gen Consulting Company.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global electric vehicles market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the electric vehicles industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the vehicle type, configuration, power source, and region. The global market for electric vehicles can be segmented by vehicle type: bus, commercial/industrial vehicles, low velocity vehicles, passenger vehicles, scooter, scooter. In 2021, the passenger segment made up the largest share of revenue generated by the electric vehicles market. Electric vehicles market is further segmented by configuration: HEVs, PHEVs, Pure EVs. The HEVs segment was the largest contributor to the global electric vehicles market in 2021. Based on power source, the electric vehicles market is segmented into: exotic, fuel cell, lead-acid, lithium-ion, nickel metal hydride. The nickel metal hydride segment is estimated to account for the largest share of the global electric vehicles market. On the basis of region, the electric vehicles market also can be divided into: Asia Pacific, Europe, North America, Rest of the World (RoW). Asia Pacific held the largest share of the global electric vehicles market in 2021 and is anticipated to hold its share during the forecast period.

By vehicle type:
– bus
– commercial/industrial vehicles
– low velocity vehicles
– passenger vehicles
– scooter
– scooter

By configuration:
– HEVs
– PHEVs
– Pure EVs

By power source:
– exotic
– fuel cell
– lead-acid
– lithium-ion
– nickel metal hydride

By region:
– Asia Pacific
– Europe
– North America
– Rest of the World (RoW)

The report explores the recent developments and profiles of key vendors in the Global Electric Vehicles Market, including BAIC Motor Corporation Limited, Bayerische Motoren Werke AG, BYD Co., Ltd., Daimler AG, Fiat Chrysler Automobiles N.V., Ford Motor Company, General Motors Company, Honda Motor Co., Ltd., Hyundai Motor Company, Nissan Motor Corporation, Tesla Inc., Toyota Motor Corporation, among others.
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Historical & Forecast Period
This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report
– To analyze and forecast the market size of the global electric vehicles market.
– To classify and forecast the global electric vehicles market based on vehicle type, configuration, power source, region.
– To identify drivers and challenges for the global electric vehicles market.
– To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global electric vehicles market.
– To identify and analyze the profile of leading players operating in the global electric vehicles market.

Why Choose This Report
– Gain a reliable outlook of the global electric vehicles market forecasts from 2022 to 2028 across scenarios.
– Identify growth segments for investment.
– Stay ahead of competitors through company profiles and market data.
– The market estimate for ease of analysis across scenarios in Excel format.
– Strategy consulting and research support for three months.
– Print authentication provided for the single-user license.