Global Passenger Electric Vehicles Market Report 2024

Passenger Electric Vehicles Global Market Report 2024 – By Type (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle), By Vehicle Type (Sedan, Hatchback, SUV), By Charging Infrastructure (Normal Charging, High Power Charging) – Market Size, Trends, And Global Forecast 2024-2033

Passenger Electric Vehicles Global Market Report 2024

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Description Table Of Contents Tables & Figures Market Insights Related Reports

Passenger Electric Vehicles Market Definition And Segments

A passenger electric vehicle is a road motor vehicle that runs on electricity and is used to transport people and has a maximum seating capacity of nine people (including the driver).

The main types in the passenger electric vehicle market are battery electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles. Battery electric vehicles operate only on stored electricity, and their main components consist of a high-voltage battery, one or more electric motors (either alternating current [AC] or direct current [DC], and a controller for managing the power electronics. The vehicle types involved are sedans, hatchbacks, and SUVs. The charging infrastructure involved is normal charging and high-power charging.

The passenger electric vehicles market covered in this report is segmented –

1) By Type: Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle

2) By Vehicle Type: Sedan, Hatchback, SUV

3) By Charging Infrastructure: Normal Charging, High Power Charging

The passenger electric vehicles market size has grown exponentially in recent years. It will grow from $365.72 billion in 2023 to $479.83 billion in 2024 at a compound annual growth rate (CAGR) of 31.2%. The growth in the historic period can be attributed to research and development investments, consumer perception shift, early government incentives, initial automaker initiatives, regulatory emissions standards.

The passenger electric vehicles market size is expected to see exponential growth in the next few years. It will grow to $1,348.65 billion in 2028 at a compound annual growth rate (CAGR) of 29.5%. The growth in the forecast period can be attributed to infrastructure expansion, governmental support, automaker commitment, enhanced range and performance, consumer demand surge. Major trends in the forecast period include rising urbanization, battery technology advancements, expanding charging infrastructure, government incentives and policies, automaker investment.

Evolving Environmental Concerns Spur Demand For Passenger Electric Vehicles

The rising concerns about environmental factors, including global warming and climate change, are increasing the demand for electric vehicles and, subsequently, driving the passenger electric vehicle market. Due to rising environmental concerns, more people have been shifting to alternate modes of transport that cause less pollution. This has resulted in a substantial increase in the purchase of electric vehicles across the globe. Electric vehicles are one of the most sustainable modes of transportation as they do not emit climate-damaging greenhouse gases or health-harming nitrogen oxide. They are also relatively quieter and easier to operate. For instance, according to data by UNICEF, according to the Intergovernmental Panel on Climate Change (IPCC), the level of carbon dioxide in the atmosphere will be cut by 45 percent by 2030 to prevent global warming above 1.5oC and the threshold at which the worst impacts of climate change could be averted. These factors are expected to boost the demand for electric vehicles and drive the passenger electric vehicles market demand going forward.

Expanding Charging Infrastructure Driving Growth In The Passenger Electric Vehicles Market

The growing charging infrastructure is expected to propel the growth of the passenger electric vehicles market going forward. Charging infrastructure refers to the network of charging stations and related equipment that enables the charging of electric vehicles (EVs). Charging infrastructure offers the convenience of recharging, reduces gas emissions and air pollution, reduces dependence on fossil fuels, and facilitates the widespread adoption of passenger electric vehicles. For instance, in January 2023, according to Twilio Inc. a US-based cloud communications platform, by 2030, there would be 12.9 million publicly accessible EV charging stations. Therefore, the growing charging infrastructure is driving the growth of the passenger electric vehicles market.

Major companies operating in the passenger electric vehicles market report are BYD Company Limited, Volkswagen AG, Toyota Motor Corporation, Stellantis N.V., Mercedes-Benz, Daimler AG, Ford Motor Company, General Motors Company, Bayerische Motoren Werke AG, Honda Motor Co. Ltd., Hyundai Motor Company, Tesla Inc., Nissan Motor Corporation, Energica Motor Company S.P.A., Kia Corporation, Audi AG, Volvo Group, Renault SA, Dr. Ing. h.c. F. Porsche AG, Jaguar Land Rover Automotive PLC, Mitsubishi Motors Corporation, Citroën S.A, Mahindra & Mahindra Ltd., XPeng Inc., Guangzhou Xiaopeng Motors Technology Co. Ltd., Rivian Automotive Inc., Lucid Group Inc., Karma Automotive LLC, Zero Motorcycles Inc., Faraday & Future Inc., SAIC Motor Corp. Ltd., Changan Automobile Co. Ltd., Dongfeng Motor Corporation Ltd., Great Wall Motor Co. Ltd.

Challenges In Battery Capacity And Drainage Are Impeding The Growth Of The Passenger Electric Vehicles Market

Battery capacity and drainage challenges are significant challenges that are restraining the growth of the passenger electric vehicles market. The capacity of lithium-ion batteries, which are generally used in electric cars, decreases with the increase in the number of cycles of charging and discharging. An electronic vehicle's battery can be damaged due to high temperatures, overcharging, low voltages, and high charge current. There is also a risk of battery drainage while in the middle of the journey, which would leave the driver with no other alternative source of fuel or power where there is no electric charging station. For example, a report published in the Economic Times (Auto) suggested that the electric cars made by Mahindra performed poorly, and their battery capacity was not up to the required levels. The models tested could not even run 80-82 km on a single charge. These issues with batteries are limiting the use of electric vehicles, thus restraining the growth of the passenger electric vehicles market.

Technological Advancements In The Passenger Electric Vehicles Market For Extended Range

Companies in the passenger electric vehicles market are focusing on the development of technologies to increase the range of the vehicles. Automobile manufacturers have increased the battery range of their electric models by an average of 38 miles, which is equivalent to a cumulative 15% increase on average every year. Other developments include fluoride-ion batteries, which have higher performance compared to currently used lithium-ion batteries. The fluoride-ion batteries have greater energy density and are more eco-friendly than the current lithium-ion technology. With this new battery technology, an EV could go further on a pack of the same physical size or the same distance with a physically smaller battery pack, thus improving the range of the vehicle. Honda has already invested in the same and is working along with CalTech and NASA's Jet Propulsion Laboratory on this technology.

Increasing Focus On Product Innovations To Provide Reliable Services To Their Customers

Major companies operating in the passenger electric vehicles market are focusing on innovative products such as electric vehicle batteries to drive revenues in their market. An electric vehicle (EV) battery is a critical component of electric vehicles, responsible for storing and supplying electrical energy to power the vehicle's electric motor. For instance, in May 2023, Gotion High Tech Co Ltd., a China-based battery manufacturing company for electric vehicles launched a new AV battery with a 1000 km range called Astroinno. The new battery may have a better energy density than typical lithium-iron-phosphate (LFP) batteries and be less expensive than those that primarily rely on nickel and cobalt. The energy density of the Astroinno battery is 240 watt-hours per kilogram (Wh/kg) at the cell level and 190 Wh/kg at the system level.

Club Car Expands Portfolio With Acquisition Of Garia A/S

In June 2022, Club Car, a US-based manufacturer and global leader in golf, consumer, and utility vehicles, acquired Garia A/S for an undisclosed amount. Through this acquisition, Club Car will expand into low-speed electric vehicles. Garia A/S is a Denmark-based manufacturer of electric vehicles for the utility, consumer, and golf markets.

Asia-Pacific was the largest region in the passenger electric vehicles market in 2023. This region is expected to remain the largest during the next five years. The regions covered in the passenger electric vehicles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the passenger electric vehicles market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The passenger electric vehicles market consists of sales of hybrid electric vehicles (HEVs) and extended-range electric vehicles (E-REVs). Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The passenger electric vehicles market research report is one of a series of new reports from The Business Research Company that provides passenger electric vehicles market statistics, including passenger electric vehicles industry global market size, regional shares, competitors with a passenger electric vehicles market share, detailed passenger electric vehicles market segments, market trends and opportunities, and any further data you may need to thrive in the passenger electric vehicles industry. This passenger electric vehicles market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Passenger Electric Vehicles Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $479.83 billion
Revenue Forecast In 2033 $1348.65 billion
Growth Rate CAGR of 29.5% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Type: Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle
2) By Vehicle Type: Sedan, Hatchback, SUV
3) By Charging Infrastructure: Normal Charging, High Power Charging
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled BYD Company Limited; Volkswagen AG; Toyota Motor Corporation; Stellantis N.V.; Mercedes-Benz; Daimler AG; Ford Motor Company; General Motors Company; Bayerische Motoren Werke AG; Honda Motor Co. Ltd.; Hyundai Motor Company; Tesla Inc.; Nissan Motor Corporation; Energica Motor Company S.P.A.; Kia Corporation; Audi AG; Volvo Group; Renault SA; Dr. Ing. h.c. F. Porsche AG; Jaguar Land Rover Automotive plc; Mitsubishi Motors Corporation; Citroën S.A; Mahindra & Mahindra Ltd.; XPeng Inc.; Guangzhou Xiaopeng Motors Technology Co. Ltd.; Rivian Automotive Inc.; Lucid Group Inc.; Karma Automotive LLC; Zero Motorcycles Inc.; Faraday & Future Inc.; SAIC Motor Corp. Ltd.; Changan Automobile Co. Ltd.; Dongfeng Motor Corporation Ltd.; Great Wall Motor Co. Ltd.
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    Table Of Contents

    1. Executive Summary

    2. Passenger Electric Vehicles Market Characteristics

    3. Passenger Electric Vehicles Market Trends And Strategies

    4. Passenger Electric Vehicles Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Passenger Electric Vehicles Market Size and Growth

    5.1. Global Passenger Electric Vehicles Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Passenger Electric Vehicles Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Passenger Electric Vehicles Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Passenger Electric Vehicles Market Segmentation

    6.1. Global Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Battery Electric Vehicle

    Hybrid Electric Vehicle

    Plug-in Hybrid Electric Vehicle

    6.2. Global Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Sedan

    Hatchback

    SUV

    6.3. Global Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Normal Charging

    High Power Charging

    7. Passenger Electric Vehicles Market Regional And Country Analysis

    7.1. Global Passenger Electric Vehicles Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Passenger Electric Vehicles Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Passenger Electric Vehicles Market

    8.1. Asia-Pacific Passenger Electric Vehicles Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Passenger Electric Vehicles Market

    9.1. China Passenger Electric Vehicles Market Overview

    9.2. China Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Passenger Electric Vehicles Market

    10.1. India Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Passenger Electric Vehicles Market

    11.1. Japan Passenger Electric Vehicles Market Overview

    11.2. Japan Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Passenger Electric Vehicles Market

    12.1. Australia Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Passenger Electric Vehicles Market

    13.1. Indonesia Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Passenger Electric Vehicles Market

    14.1. South Korea Passenger Electric Vehicles Market Overview

    14.2. South Korea Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Passenger Electric Vehicles Market

    15.1. Western Europe Passenger Electric Vehicles Market Overview

    15.2. Western Europe Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Passenger Electric Vehicles Market

    16.1. UK Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Passenger Electric Vehicles Market

    17.1. Germany Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Passenger Electric Vehicles Market

    18.1. France Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Passenger Electric Vehicles Market

    19.1. Italy Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Passenger Electric Vehicles Market

    20.1. Spain Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Passenger Electric Vehicles Market

    21.1. Eastern Europe Passenger Electric Vehicles Market Overview

    21.2. Eastern Europe Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Passenger Electric Vehicles Market

    22.1. Russia Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Passenger Electric Vehicles Market

    23.1. North America Passenger Electric Vehicles Market Overview

    23.2. North America Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Passenger Electric Vehicles Market

    24.1. USA Passenger Electric Vehicles Market Overview

    24.2. USA Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Passenger Electric Vehicles Market

    25.1. Canada Passenger Electric Vehicles Market Overview

    25.2. Canada Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Passenger Electric Vehicles Market

    26.1. South America Passenger Electric Vehicles Market Overview

    26.2. South America Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Passenger Electric Vehicles Market

    27.1. Brazil Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Passenger Electric Vehicles Market

    28.1. Middle East Passenger Electric Vehicles Market Overview

    28.2. Middle East Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Passenger Electric Vehicles Market

    29.1. Africa Passenger Electric Vehicles Market Overview

    29.2. Africa Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Passenger Electric Vehicles Market Competitive Landscape And Company Profiles

    30.1. Passenger Electric Vehicles Market Competitive Landscape

    30.2. Passenger Electric Vehicles Market Company Profiles

    30.2.1. BYD Company Limited

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Volkswagen AG

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Toyota Motor Corporation

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Stellantis N.V.

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Mercedes-Benz

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Passenger Electric Vehicles Market Other Major And Innovative Companies

    31.1. Daimler AG

    31.2. Ford Motor Company

    31.3. General Motors Company

    31.4. Bayerische Motoren Werke AG

    31.5. Honda Motor Co. Ltd.

    31.6. Hyundai Motor Company

    31.7. Tesla Inc.

    31.8. Nissan Motor Corporation

    31.9. Energica Motor Company S.P.A.

    31.10. Kia Corporation

    31.11. Audi AG

    31.12. Volvo Group

    31.13. Renault SA

    31.14. Dr. Ing. h.c. F. Porsche AG

    31.15. Jaguar Land Rover Automotive plc

    32. Global Passenger Electric Vehicles Market Competitive Benchmarking

    33. Global Passenger Electric Vehicles Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Passenger Electric Vehicles Market

    35. Passenger Electric Vehicles Market Future Outlook and Potential Analysis

    35.1 Passenger Electric Vehicles Market In 2028 - Countries Offering Most New Opportunities

    35.2 Passenger Electric Vehicles Market In 2028 - Segments Offering Most New Opportunities

    35.3 Passenger Electric Vehicles Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Passenger Electric Vehicles Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Passenger Electric Vehicles Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: China, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: India, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Japan, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Australia, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Indonesia, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: South Korea, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Western Europe, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: UK, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Germany, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: France, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Italy, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Spain, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Eastern Europe, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Russia, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: North America, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: USA, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: Canada, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: South America, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: Brazil, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Middle East, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Africa, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: BYD Company Limited Financial Performance
  • Table 75: Volkswagen AG Financial Performance
  • Table 76: Toyota Motor Corporation Financial Performance
  • Table 77: Stellantis N.V. Financial Performance
  • Table 78: Mercedes-Benz Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Passenger Electric Vehicles Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Passenger Electric Vehicles Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: China, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: India, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Japan, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Australia, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Indonesia, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: South Korea, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Western Europe, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: UK, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Germany, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: France, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Italy, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Spain, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Eastern Europe, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Russia, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: North America, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: USA, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: Canada, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: South America, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: Brazil, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Middle East, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Africa, Passenger Electric Vehicles Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Passenger Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Passenger Electric Vehicles Market, Segmentation By Charging Infrastructure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: BYD Company Limited Financial Performance
  • Figure 75: Volkswagen AG Financial Performance
  • Figure 76: Toyota Motor Corporation Financial Performance
  • Figure 77: Stellantis N.V. Financial Performance
  • Figure 78: Mercedes-Benz Financial Performance
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Frequently Asked Questions

What is the definition of the passenger electric vehicles market?

A passenger electric vehicle is a road motor vehicle that runs on electricity and is used to transport people and has a maximum seating capacity of nine people (including the driver). For further insights on the passenger electric vehicles market, request a sample here

How will the passenger electric vehicles market drivers and restraints affect the passenger electric vehicles market dynamics? What forces will shape the passenger electric vehicles industry going forward?

The passenger electric vehicles market major growth driver - evolving environmental concerns spur demand for passenger electric vehicles. For further insights on the passenger electric vehicles market, request a sample here

What is the forecast market size or the forecast market value of the passenger electric vehicles market ?

The passenger electric vehicles market size has grown exponentially in recent years. It will grow from $365.72 billion in 2023 to $479.83 billion in 2024 at a compound annual growth rate (CAGR) of 31.2%. The growth in the historic period can be attributed to research and development investments, consumer perception shift, early government incentives, initial automaker initiatives, regulatory emissions standards. The passenger electric vehicles market size is expected to see exponential growth in the next few years. It will grow to $1348.65 billion in 2028 at a compound annual growth rate (CAGR) of 29.5%. The growth in the forecast period can be attributed to infrastructure expansion, governmental support, automaker commitment, enhanced range and performance, consumer demand surge. Major trends in the forecast period include rising urbanization, battery technology advancements, expanding charging infrastructure, government incentives and policies, automaker investment. For further insights on the passenger electric vehicles market, request a sample here

How is the passenger electric vehicles market segmented?

The passenger electric vehicles market is segmented
1) By Type: Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle
2) By Vehicle Type: Sedan, Hatchback, SUV
3) By Charging Infrastructure: Normal Charging, High Power ChargingFor further insights on the passenger electric vehicles market, request a sample here

Which region has the largest share of the passenger electric vehicles market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the passenger electric vehicles market in 2023. This region is expected to remain the largest during the next five years. The regions covered in the passenger electric vehicles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the passenger electric vehicles market, request a sample here.

Who are the major players in the passenger electric vehicles market?

Major companies operating in the passenger electric vehicles market report are BYD Company Limited, Volkswagen AG, Toyota Motor Corporation, Stellantis N.V., Mercedes-Benz, Daimler AG, Ford Motor Company, General Motors Company, Bayerische Motoren Werke AG, Honda Motor Co. Ltd., Hyundai Motor Company, Tesla Inc., Nissan Motor Corporation, Energica Motor Company S.P.A., Kia Corporation, Audi AG, Volvo Group, Renault SA, Dr. Ing. h.c. F. Porsche AG, Jaguar Land Rover Automotive plc, Mitsubishi Motors Corporation, Citroën S.A, Mahindra & Mahindra Ltd., XPeng Inc., Guangzhou Xiaopeng Motors Technology Co. Ltd., Rivian Automotive Inc., Lucid Group Inc., Karma Automotive LLC, Zero Motorcycles Inc., Faraday & Future Inc., SAIC Motor Corp. Ltd., Changan Automobile Co. Ltd., Dongfeng Motor Corporation Ltd., Great Wall Motor Co. Ltd. For further insights on the passenger electric vehicles market, request a sample here.

What are the key trends in the passenger electric vehicles market?

Major trend in the passenger electric vehicles market - technological advancements in the passenger electric vehicles market for extended range. For further insights on the passenger electric vehicles market, request a sample here.

What are the major opportunities in the passenger electric vehicles market? What are the strategies for the passenger electric vehicles market?

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How does the passenger electric vehicles market relate to the overall economy and other similar markets?

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What are the latest mergers and acquisitions in the passenger electric vehicles industry?

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What are the key dynamics influencing the passenger electric vehicles market growth? SWOT analysis of the passenger electric vehicles market.

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