Global electric vehicle market is expected to reach the healthy CAGR of 23.5% in the forecast period of 2020 to 2027. The new market report contains data for historic year 2018, the base year of calculation is 2019 and the forecast period is 2020 to 2027
Market Segmentation
By Component (Battery Cells & Packs, On-Board Charger, Infotainment System, Others), Propulsion Type {(Plug-In Hybrid Electric Vehicles (PHEVs), Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), and Fuel Cell Electric Vehicles (FCEVs)}, Charging Station Type (Normal Charging, Super Charging), Class (Mid-Priced, Luxury), Power Train (Parallel Hybrid, Series Hybrid, Combined Hybrid), Vehicle Type (Passenger Cars, Two Wheelers, Commercial Vehicles), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, Saudi Arabia, U.A.E, Egypt, Israel, South Africa, Rest of Middle East and Africa), Market Trends and Forecast to 2027.

The major factors contributing to the growth of the market are:
- Rising demand for increased vehicle mileage range per charge
- Increasing demand for clean energy emitting vehicles


Key Market Players

The key market players of global electric vehicle market are:
- Ford Motor Company
- General Motors
- AUDI AG
- Kia Motors Corporation
- Groupe Renault
- Groupe PSA
- SAIC Motor Corporation Limited
- JAC, Tesla
- Daimler AG
- BMW AG
- Hyundai Motor Company
- BYD Company Ltd.
- Continental AG
- TOYOTA MOTOR CORPORATION
- Nissan Motor Co., LTD.
- Volkswagen AG
- AB Volvo
- Honda Motor Co., Ltd.