Dublin, Jan. 02, 2019 (GLOBE NEWSWIRE) -- The "Electric Vehicle Market by Propulsion (BEV, PHEV, FCEV), Vehicle, Charging Station (Normal, Super, Inductive), Charging Infrastructure (Normal, Type-2-AC, CHAdeMO, CCS, Tesla SC), Power Output, Installation & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. The global electric vehicle sales is projected to grow at a CAGR of 32.57% during the forecast period, to reach 10.79 million units by 2025, from an estimated 1.50 million units in 2018. Government support in the form of subsidies, grants, and tax rebates, improving charging infrastructure, increasing vehicle range, and reducing Electric Vehicle battery cost has resulted in the sales growth of electric vehicles globally.
The FCEV segment (zero-emission vehicles) is set to register the highest growth rate in the EV market followed by BEVs and PHEVs, because of the availability of better subsidies and support from governments. Increasing vehicle range and improving charging infrastructure have fueled the demand for BEVs. Nissan Leaf and Tesla Model S were the most successful and highest selling BEV models in 2016.
The growth of BEV sales is projected to continue during the forecast period because of decreasing battery prices, increasing environmental awareness among consumers, and decreasing charging time. It has been projected that the invention of super-fast chargers would enable EV to be fully charged in less than an hour.
An electric passenger car is the largest segment in the global electric vehicle market. The growth can be attributed to the growing demand for fuel-efficient vehicles, increasing environmental awareness among consumers, and competitive pricing in comparison to the ICE passenger cars.
The increasing support from governments in China, Japan France, Norway, and the US, and the OEM's efforts to improve the existing EV models would drive the sales of electric vehicle passenger cars during the forecast period. Major OEMs have also announced the launch of the EV variants of their most successful IC (internal combustion) engine models.
Asia Pacific is the largest market for automotive EVs. China is the largest market because of the government support and the availability of strong charging infrastructure. The alarming pollution levels in these countries have forced their governments to announce various kinds of financial and nonfinancial benefits to promote the sales of EVs.
The major restraints considered in the study include the poor charging infrastructure, limited vehicle range, and the short lifespan of the EV battery, which restricts the sales of electric vehicles.
Government support is considered to be the most crucial factor affecting the EV sales as the availability of subsidies, grants, and tax rebates help in pricing EV cars competitively as compared to ICE cars.
The global electric vehicle market is dominated by major players such as Tesla (US), Nissan Motor Corporation (Japan), BYD (China), BMW (Germany), and Volkswagen (Germany).
Key Topics Covered:
1 Introduction 1.1 Objectives of the Study 1.2 Market Definition 1.3 Market Scope 1.4 Currency 1.5 Limitations 1.6 Stakeholders 2 Research Methodology 2.1 Research Data 2.2 Secondary Data 2.3 Primary Data 2.4 Market Size Estimation 2.5 Market Breakdown and Data Triangulation 2.6 Assumptions 3 Executive Summary 4 Premium Insights 4.1 Attractive Opportunities in the Electric Vehicle Market 4.2 Electric Vehicle Market, By Region 4.3 Electric Vehicle Market, By Propulsion Type 4.4 Electric Vehicle Market, By Vehicle Type 4.5 Electric Vehicle Charging Stations Market, By Charging Station Type 4.6 Electric Vehicle Charging Stations Market, By Power Output Type 4.7 Electric Vehicle Charging Stations Market, By Installation Type 4.8 Electric Vehicle Charging Stations Market, By Charging Infrastructure Type 5 Market Overview 5.1 Introduction 5.2 Upcoming Electric Vehicle Models 5.3 Europe Model Wise Market Share Analysis 5.3.1 BEV 5.3.2 PHEV 5.4 US Passenger Car Market Share Analysis 5.5 China Passenger Car Market Share Analysis 5.6 Europe Passenger Car EV PARC, By Country, 2017 5.7 North America Passenger Car EV PARC 2017 5.8 EV Model Wise Sales Analysis 2017 5.8.1 Norway 5.8.1.1 BEV 5.8.1.2 PHEV 5.8.2 Iceland 5.8.2.1 BEV 5.8.2.2 PHEV 5.8.3 Sweden 5.8.3.1 BEV 5.8.3.2 PHEV 5.8.4 Finland 5.8.4.1 BEV 5.8.4.2 PHEV 5.8.5 Netherlands 5.8.5.1 BEV 5.8.5.2 PHEV 5.9 Market Dynamics 5.9.1 Drivers 5.9.1.1 Favorable Government Policies and Subsidies 5.9.1.2 Heavy Investments From Automakers in EVS 5.9.1.3 Growing Concern About Environmental Pollution 5.9.1.4 Increased Vehicle Range Per Charge 5.9.2 Restraints 5.9.2.1 Lack of Standardization 5.9.3 Opportunities 5.9.3.1 Use of Vehicle-To-Grid (V2G) EV Charging Stations for Electric Vehicles 5.9.3.2 EV Charging Stations Powered By Solar Panels 5.9.4 Challenges 5.9.4.1 High Cost of EVS in Comparison With Ice Vehicles 5.9.4.2 Stringent Rules for Installation of Charging Stations 5.9.4.3 Small Distance Covered By EVS 6 Electric Vehicle Market, By Government Regulations 6.1 Introduction 6.2 Subsidies and Tax Rebates 7 Electric Vehicle Market - Industry Trends 7.1 Electric Taxi 7.2 Robo-Taxi 7.3 Light Electric Vehicle 7.4 Battery Swapping 7.5 Electric Autonomous Vehicles 8 Electric Vehicle Market, By Future Technology 8.1 Introduction 8.2 Electric Vehicle Battery Cost, 2016-2025 8.3 Electric Vehicle Range 8.4 Electric Vehicle Battery Charging Time 9 Electric Vehicle Market, By Component 9.1 Introduction 9.2 EV Battery Cells & Packs 9.3 On-Board Charger 9.4 Infotainment System 9.5 Instrument Cluster 10 Electric Vehicle Market, By Propulsion Type 10.1 Introduction 10.2 Battery Electric Vehicle (BEV) 10.3 Fuel Cell Electric Vehicle (FCEV) 10.4 Plug-In Hybrid Electric Vehicle (PHEV) 10.5 Hybrid Electric Vehicle (HEV) 11 Electric Vehicle Market, By Vehicle-To-Grid Technology 11.1 Introduction 12 Electric Vehicle Market, By Vehicle Type 12.1 Introduction 12.2 Passenger Cars (PC) 12.3 Commercial Vehicles (CV) 13 Electric Vehicle Charging Stations Market, By Charging Station Type 13.1 Introduction 13.2 Normal Charging 13.3 Super Charging 13.4 Inductive Charging (Wireless Charging) 14 Electric Vehicle Charging Stations Market, By Charging Infrastructure Type 14.1 Introduction 14.2 Normal Charge 14.3 CCS 14.4 Chademo 14.5 Tesla Supercharger 14.6 Type-2 (Iec 62196) 15 Electric Vehicle Charging Stations Market, By Power Output Type 15.1 Introduction 15.2 Level 1 15.3 Level 2 15.4 Level 3 16 Electric Vehicle Charging Stations Market, By Installation Type 16.1 Introduction 16.2 Commercial 16.3 Residential 17 Electric Vehicle Market, By Region 17.1 Introduction 17.2 Asia Pacific 17.2.1 China 17.2.2 India 17.2.3 Japan 17.2.4 South Korea 17.3 Europe 17.3.1 France 17.3.2 Germany 17.3.3 The Netherlands 17.3.4 Norway 17.3.5 Sweden 17.3.6 UK 17.3.7 Denmark 17.3.8 Austria 17.3.9 Switzerland 17.3.10 Spain 17.4 North America 17.4.1 Canada 17.4.2 US 18 Competitive Landscape 18.1 Overview 18.2 Competitive Situation & Trends 18.2.1 New Product Developments 18.2.2 Collaborations/Joint Ventures/Supply Contracts/ Partnerships/Agreements 18.2.3 Expansions, 2016-2018 18.2.4 Mergers & Acquisitions, 2017 19 Company Profiles 19.1 Key Players 19.1.1 Tesla Motors 19.1.2 Nissan Motor 19.1.3 BYD Auto 19.1.4 BMW 19.1.5 Volkswagen 19.1.6 Toyota 19.1.7 Ford 19.1.8 Volvo 19.1.9 Daimler 19.1.10 Hyundai 19.1.11 Honda 19.1.12 Continental 19.1.13 ZF 19.1.14 Schaeffler 19.2 Key Players From Other Regions 19.2.1 North America 19.2.1.1 General Motors 19.2.1.2 Blink Charging 19.2.1.3 Chargepoint 19.2.1.4 Evgo 19.2.2 Europe 19.2.2.1 ABB 19.2.2.2 Eaton 19.2.2.3 AVL 19.2.2.4 Alfen 19.2.3 Asia Pacific 19.2.3.1 Samsung Sdi 19.2.3.2 Automotive Energy Supply Corporation 19.2.3.3 Panasonic 19.2.3.4 Mitsubishi Electric
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