According to a new report Global Electric Vehicle Market, published by KBV research, The Global Electric Vehicle Market size is expected to reach $602.8 billion by 2025, rising at a market growth of 24.7% CAGR during the forecast period.

The Hybrid Electric Vehicle market dominated the Global Electric Vehicle Market by Type 2018, growing at a CAGR of 17.7 % during the forecast period. The Battery Electric Vehicle market is expected to witness a CAGR of 29.7% during (2019-2025). Additionally, The Plug-in Hybrid Electric Vehicle market is expected to witness highest CAGR of 31.5% during (2019-2025).

The Passenger Vehicles market dominated the Global Electric Vehicle Market by Vehicle Type 2018, growing at a CAGR of 23.8 % during the forecast period. The Two-wheeler market is expected to witness a CAGR of 25.5% during (2019-2025).

The Asia Pacific market dominated the Global Electric Vehicle Market by Region 2018, growing at a CAGR of 25.4 % during the forecast period. The Europe market is expected to witness a CAGR of 23.6% during (2019-2025). Additionally, The North America market is expected to witness a CAGR of 23.8% during (2019-2025).

Full Report: https://www.kbvresearch.com/electric-vehicle-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Tesla, Inc., Volkswagen AG, Honda Motor Co. Ltd., BYD Company Limited, Volvo Group, BMW Group, Toyota Motor Corporation, Ford Motors Co. Ltd., Daimler AG and General Motors Co.

Global Electric Vehicle Market Segmentation

By Type

Hybrid Electric Vehicle
Battery Electric Vehicle
Plug-in Hybrid Electric Vehicle

By Vehicle Type

Passenger Vehicles
Two-wheeler
Commercial Vehicle

By Geography

North America

US
Canada
Mexico
Rest of North America

Europe

Germany
UK
France
Russia
Norway
Netherlands
Rest of Europe

Asia Pacific

China
Japan
India
South Korea
Singapore
Taiwan
Rest of Asia Pacific

LAMEA

Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA

Companies Profiled

Tesla, Inc.
Volkswagen AG
Honda Motor Co. Ltd.
BYD Company Limited
Volvo Group
BMW Group
Toyota Motor Corporation
Ford Motors Co. Ltd.
Daimler AG
General Motors Co.

Electric Vehicle Market Related Reports:

North America Market
Europe Market
Asia Pacific Market
LAMEA Market