DUBLIN — The “Electric Vehicles and Fuel Cell Vehicles Market 2024-2029” report has been added to ResearchAndMarkets.com’s offering.
The Electric Vehicles and Fuel Cell Vehicles Market was valued at USD 758 Billion in 2024 and is expected to reach USD 1.77 Trillion by 2029, rising at a CAGR of 18.6%.
Although e-scooters have the largest share in unit sales in the overall EV market, the passenger EV segment holds the highest share in revenue among all the EV segments. The EV market’s significant growth in revenue will come from the increasing number of passenger vehicles due to the increasing unit sales and higher unit sale costs.
By region, Asia-Pacific leads the global electric vehicles market. China leads the Asia-Pacific region and the world market in unit sales of electric cars/passenger cars. Europe and North America follow Asia- Pacific in terms of passenger car unit sales. China also leads the world in e-scooter unit sales and revenue.
A rising number of nations have promised to eliminate internal combustion engines or have aggressive car electrification goals for the coming decades. Meanwhile, many automakers have plans to electrify fleets that exceed legislative goals. In 2021, there were five times as many new EV models as in 2015, increasing their appeal to consumers.
Access to public charging will need to extend as EV markets grow. Most EV charging now occurs at people’s homes and offices. Consumers will increasingly demand EVs provide the same services, simplicity, and autonomy as conventional automobiles.
The Report Includes
- 84 data tables and 52 additional tables
- Industry analysis of the global markets for electric vehicles (EVs) and fuel cell battery vehicles (FCEVs)
- Analyses of global market trends, with market revenue data from 2023, estimates for 2024, forecasts for 2025 and 2028, and projected CAGRs through 2029
- Estimates of the current market size in value and volumetric terms and revenue prospects, along with a market share analysis based on vehicle type, propulsion type, power source, and region
- Facts and figures pertaining to the market dynamics, current and emerging technologies, regulatory scenarios, and the expected impact of macroeconomic factors
- Assessment of unit sales and shipments of EVs, and a review of their power sources
- Insights into the market based on Porter’s Five Forces model and a value chain analysis
- Overview of ESG and sustainability trends, with a focus on consumer attitudes, companies’ ESG score rankings and their ESG practices
- Analysis of patents related to EVs’ power sources and components
- Insight into the industry structure, including company revenue share analysis, mergers and acquisitions, and venture funding
- Company profiles of leading players, including BYD Co. Ltd., Tesla Inc., Hyundai Motor Co., Volkswagen Group, and Zhejiang Geely Holding Group Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/ss45ry
Tagged with electrification, EV