Electric Vehicles (On Road) Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Tesla, Toyota Motor Corporation, BYD, Hino Motors

Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Electric Vehicles (On Road) Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 26.8% during the review period (2022 to 2027).

Electric Vehicles (On Road) Market Overview

Factors such as increasing demand for low emission commuting and governments supporting long-range, zero-emission vehicles through subsidies & tax rebates have obliged the manufacturers to provide electric vehicles around the world. This has led to rising demand for electric vehicles in the market. Countries around the world have set up targets for emission reductions according to their own capacity.

Growing investments by governments across the globe to develop EV charging stations and Hydrogen fueling stations along with incentives offered to buyers will create opportunities for OEMs to expand their revenue stream and geographical presence.

The report aspects discussed the profile of the top manufacturers of the global Electric Vehicles (On Road) market. These aspects include the financial status of major companies, trending advancements and the entire market scenario. Growth of the report has examined Electric Vehicles (On Road) Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Who are the Major Players in Electric Vehicles (On Road) Market?

The global Electric Vehicles (On Road) includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Tesla, Daimler AG, Honda Motor, Ford Motor Company, Toyota Motor Corporation, BYD, Hino Motors, Nissan Motor Corporation, Volkswagen, Bayerische Motoren Werke, Groupe Renault, General Motors and Others.

Industry News:

• Toyota reveals its new BEV series, Toyota bZ, in the launch of a full line-up of electrified vehicles
  
  Toyota City, Japan, April 19, 2021―Toyota Motor Corporation (Toyota) announced Toyota bZ, its newly launched series of battery electric vehicles (BEVs), in the establishment of a full line-up of electrified vehicles, on April 19. At Auto Shanghai, a motor show held in Shanghai, China, Toyota revealed a concept version of the Toyota bZ4X, which will be the first model in the bZ series.


• BYD and Hino sign a contract to form a joint venture for Commercial Battery Electric Vehicles development
  
  BYD Auto Industry Co., Ltd (BYD) and Hino Motors, Ltd. (Hino) signed a joint venture contract today to set up a new company for commercial battery electric vehicles (BEVs) development. This new venture is arranged to be established within China in 2021, with BYD and Hino each making a 50% capital investment.

What are the major Applications, Types and Regions for Electric Vehicles (On Road) Market?

By Type, it is segmented into

• Electric Cars


• Electric Buses


• Electric Bikes and Scooters


• Other

By Propulsion, it is segmented into

• BEV


• PHEV


• FCE

The HEV segment leads the market with a revenue share of more than 65.5% in 2021. The HEV offers the dual option as fuel-based as well as electric driving, particularly in regions with inadequate charging infrastructure availability.

By Applications, it is segmented into

• Commercial


• Household

Electric Vehicles (On Road) Market Regional Analysis

The Asia Pacific EV market is headed by countries like China, Japan, and South Korea. China is the world’s major EV producer and the user has dominance in the EV industry in the region. Their government has taken steps including subsidies for EV buyers, compulsory laws by which all vehicle manufacturers need to manufacture EV’s per number of vehicles manufactured, huge support to installation of EV charging points across major cities, and regulations against excessive polluting vehicles.

• North America
  
  
  
  
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• Europe
  
  
  
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• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Electric Vehicles (On Road) Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Electric Vehicles (On Road) Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Electric Vehicles (On Road) Market report scope?

Scope of the Report covers Electric Vehicles (On Road) Market with detailed analysis of the overall scenario for the market. It also highlights the business participant’s environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Electric Vehicles (On Road) Market analysis report as it has vital details to provide about regional markets, expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.

Key Takeaways from this Electric vehicle (On Road) Report

• Evaluate Electric Vehicles (On Road) market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end-use applications, and by different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Electric Vehicles (On Road) market entropy - M&As, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report as your needs.