Battery electric vehicle market is estimated to grow at a CAGR of 20.0% during the forecast period. Significant growth in the electric vehicle market has been witnessed in the last decade while in the last couple of years, a trend of shifting from hybrid electric vehicles & plug-in hybrid electric vehicles to BEVs has been observed. As per the International Energy Agency, around 2 million electric cars were sold in 2018 and out of this more than 1.3 million were BEV.

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The market is studied based on vehicle type and battery type. Based on vehicle type, the market is further segmented into commercial vehicles, passenger cars, and others. The passenger battery electric vehicle market is expected to hold the largest share during the forecast period. Based on battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Li-ion battery cars is projected to cover a major market share during the forecast period.

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Market Coverage
Market number available for – 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Market Segmentation

Global Battery Electric Vehicle Market by Vehicle Type

Passenger Car
Commercial Vehicle
Others

Global Battery Electric Vehicle Market by Battery Type

NiMH
Li-Ion
Others

Regional Analysis

North America
US
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World

Company Profiles

Audi AG
BAIC Group
MW AG
BYD Auto Co., Ltd.
Chery Automobile Co., Ltd.,
Fiat Chrysler Automobiles N.V.
Ford Motor Co.
General Motors Co.
Great Wall Motors Co. Ltd.
Groupe PSA
Honda Motor Co., Ltd.
Hyundai Motor Co.
Jaguar Land Rover Ltd.
Kia Motors Corp.
Nissan Motor Co.
Renault Group
SAIC Motor Corp. Ltd.
Tesla, Inc.
Toyota Motor Corp.
Volkswagen AG

The Report Covers

Market value data analysis of 2022 and forecast to 2030.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global BEV market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.

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