Global Electric Vehicle (EV) Market Trends, Share, Revenue, Analysis 2018-2026

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ELECTRIC VEHICLE MARKET
Forecast 2018-2026
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• The global electric vehicle (EV) market is
  growing at a CAGR of 21.40 for the forecast
  period of 2018-2026.
• The market is driven by growing emissions of CO2
  and greenhouse gases, the availability of low
  cost of Li-ON batteries and various government
  initiatives that are encouraging the use of
  electric vehicles.

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• The global electric vehicles market is segmented
  on the basis of power source type, vehicle type
  and technology. The power source type includes
  stored electricity and onboard electricity
  generator.
• The vehicle type segment is further divided into
  commercial vehicles, passenger cars, two-wheelers
  and others. The technology segment of the market
  is further classified into battery electric
  vehicles, hybrid electric vehicle, and plug-in
  hybrid electric vehicles.

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The Global electric vehicle (EV) market is
growing at a CAGR of 21.40 for the forecast
period of 2018-2026.
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The United States dominates the North American
electric vehicle market, closely followed by
Canada. Factors like rising focus from automobile
manufacturers such as Ford and Tesla, supportive
norms policies of the states and local
governments low operational cost which includes
discounted charging tariffs, are positively
impacting the growth of the Electric vehicle's
market.
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The Indian market is forecasted to prosper with
the highest CAGR in the Asia-Pacific region. The
market is mainly driven by the presence of key
automobile manufacturers (specifically for
two-wheeler) that are involved in the production
of electric vehicles and also by the various
initiatives undertaken by the Central Government
towards the growth and adoption of the electric
vehicles in the country.
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The European market is segmented on the basis of
technology, power source, and vehicle type. The
leaf which, is an electric passenger car, was
launched in Norway during 2016 is expected to be
among the best-selling electric cars in Europe
for 2016. The German market is expected to
witness the highest CAGR growth over the forecast
period. The government of Germany has set a
target to achieve a xx reduction in greenhouse
gas emission by 2020.
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Byd Company Ltd, Bayerische Motoren Werke Ag,
Daimler Ag, Ford Motor Company, Fiat Chrysler
Automobiles N.V, General Motors Company, Honda
Motor Company, Groupe Psa, Hyundai Motor, Nissan
Motor Co Ltd, Mitsubishi, Tesla Motors Inc,
Volkswagen Ag, Toyota Industries Corporation, and
Zhejiang Geely Holding Group are some of the
eminent players in this market.
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