The Electric Vehicle Market size was estimated USD 164.01 billion in 2022 and is expected to reach USD 633.4 billion by 2030 at a CAGR of 18.4% during the forecast period of 2023-2030.
In contrast to its gasoline equivalent, an electric Luxury Car runs on electricity. Instead of an internal combustion engine, these cars are powered by an electric motor that requires a continual supply of energy from batteries to function. These vehicles use a variety of batteries. Lithium ion battery , molten salt, zinc-air, and other nickel-based designs are among them. The electric car was created largely to replace traditional modes of transportation, which pollute the environment. It has grown in prominence as a result of several technical breakthroughs. It beats traditional automobiles in terms of fuel economy, low carbon emissions and maintenance, ease of home charging, a smoother drive, and reduced engine noise. There are three types of electric car batteries: pure, hybrid, and plug-in hybrid. Furthermore, electric automobiles. They do not require engine oil changes but are significantly more costly than their gasoline counterparts.
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The worldwide electric vehicle market is divided into several segments, including type, vehicle type, vehicle class, peak speed, vehicle drive type, and region. It is classified into three types: battery electric vehicles (BEV), plug-in hybrid electric vehicles (PHEV), and fuel cell electric vehicles (FCEV). It is divided into three types of vehicles: two-wheelers, passenger automobiles, and commercial vehicles. It is divided into two car classes: mid-priced and luxury. It is divided into three categories based on max speed: less than 100 MPH, 100 to 125 MPH, and more than 125 MPH.
DRIVERS
The price increase is due to increased demand for gasoline.
A non-renewable energy source that is expected to diminish over the next several decades. Price rises are driven by changes in gasoline demand and supply. Despite the fact that many agreements have been made to limit the price of gasoline on the global market, prices have climbed throughout the years. Because the majority of nations must purchase fuel, its consumption contributes to the economy's trade balance. Manufacturers are researching alternative fuel sources for their vehicles due to limited petroleum supply and rising gasoline prices.
RESTRAIN
The initial cost of constructing a quick charging system is significantly higher when compared to gasoline, CNG, or LPG fuel stations.
OPPORTUNITY
Cloud-based charging stations (for smart electric vehicles).
Cloud-based charging allows EV charging stations to connect to the internet and interact with a central system in real-time. In the event of a server failure, the cloud system automatically switches to one of the several backup servers, and your charging station will not notice any difference. Cloud-based charging stations provide several advantages, including the ability to connect to user and vehicle data more simply, do calculations faster, and be easy to replace and upgrade.
CHALLENGES
In developing nations, there is a lack of charging infrastructure for electric cars.
The savagery of the Ukraine-Russia war has had several negative implications for the e-mobility sector since its inception in 2022. Some examples are shown below. The stock price of e-mobility automakers with major operations is falling by the day. This circumstance adds to the downward pressure on gross margins, which have decreased from 8 to 6% during the last six quarters. BMW, VW, Honda, Toyota, Mercedes-Benz, Daimler, Land Rover, Nissan, and Ford are among the companies affected. The Ukraine-Russia conflict exacerbates supply chain disruptions and a scarcity of semiconductors, which are already in short supply. The shortfall will continue to put upward pressure on used car prices, forcing gasoline costs and borrowing rates to rise, raising the cost of vehicle ownership. Vehicle demand is steadily declining as a result of the Russian-Ukraine conflict.
The Ukraine-Russia war caused a delay in the manufacture of electric cars, resulting in higher pricing in the UK and EU. These increased prices may reduce sales and uptake. Meanwhile, Russian PV automakers exporting Kia, Toyota, Renault, Volkswagen, and Hyundai face challenges. Prior to the crisis, these main OEM brands accounted for almost three-fourths of total PV sales in Russia.
IMPACT OF ONGOING RECESSION
Employment in the automobile sector declined by more than 48%. When Chrysler and General Motors faced bankruptcy, the US government bailed them out using TARP funding. The federal government formerly owned 62% of General Motors. Tesla (which accounts for over 22% of all worldwide EV sales) plummeted 5% after the bell yesterday when the firm disclosed a decline in revenue for the quarter, despite a record 345,000 car deliveries.
By Vehicle Type
Passenger Car
Commercial Vehicle
By Propulsion Type
Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)
By Drive Type
All Wheel Drive
Front Wheel Drive
Rear Wheel Drive
By Range
Upto-150 Miles
151-300 Miles
Above 300 Miles
By Component
Battery Pack & High Voltage Component
Motor
Brake, Wheel & Suspension
Body & Chassis
Low Voltage Electric Component
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North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Asia-Pacific is predicted to expand considerably in this market due to rising demand for passenger automobiles in emerging countries. China has the biggest share of passenger vehicles and other automobiles. North America is also projected to have the fastest growth in the market. The growing number of EVs in the region can be attributed to escalating activities by the Department of Energy (DoE) to construct EV charging infrastructure across the United States.
Europe is likely to have a significant market share. Government initiatives to cut carbon emissions have fuelled market expansion in Europe. The United Kingdom, Germany, and France are key contributors to the region's growth. Furthermore, the rising adoption of fuel-efficient automobiles bodes well for the European market. Because of a lack of charging infrastructure and money, countries in the Rest of the World area have a smaller market share.
The Major Key players are BMW Group, BYD Company Ltd., Daimler AG, Ford Motor Company, General Motor Company, Nissan Motor Corporation, Tesla, Toyota Motor Corporation, Volkswagen AG, Group Renault and others.
BYD Company Ltd-Company Financial Analysis
Moscow inked: In March 2023, an agreement with KAMAZ to purchase 1,000 electric buses. There are also intentions to buy. GAZ Group will provide another 200 electric buses. Currently, Moscow operates 1,055 electric buses on 79 routes. Moscow is to construct roughly 200 ultra-fast charging stations for electric buses, as well as open a second electric bus park in the Mitino neighbourhood northwest of Moscow and begin 29 new electric bus routes.
BYD: In February 2023, has expanded its dealer network in Europe by adding two new companies. MDL is active in Ireland and will provide BYD models in certain places, including Dublin and Cork. RSA is a dealer with whom BYD currently works in Norway, and it will offer Chinese-made EVs in Finland and Iceland. BYD will first deploy three electric vehicle models in various European nations towards the end of 2022. Two additional programmes might premiere in 2023
| Report Attributes | Details |
| Market Size in 2022 | US$ 164.01 Bn |
| Market Size by 2030 | US$ 633.4 Bn |
| CAGR | CAGR of 18.4 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Vehicle Type (Passenger Car, Commercial Vehicle) • By Propulsion Type (BEV, HEV) • By Drive Type (All Wheel Drive, Front Wheel Drive, Rear Wheel Drive) • By Range (Upto-150 Miles, 151-300 Miles, Above300 Miles) • By Component (Battery Pack & High Voltage Component, Motor, Brake, Wheel & Suspension, Body & Chassis, Low Voltage Electric Component) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | BMW Group, BYD Company Ltd., Daimler AG, Ford Motor Company, General Motor Company, Nissan Motor Corporation, Tesla, Toyota Motor Corporation, Volkswagen AG, Group Renault |
| Key Drivers | • The price increase is due to increased demand for gasoline. |
| Market Restraints | • The initial cost of constructing a quick charging system is significantly higher when compared to gasoline, CNG, or LPG fuel stations. |
Ans: Electric Vehicle Market is anticipated to expand by 18.4% from 2023 to 2030.
Ans: USD 633.4 billion is expected to grow by 2030.
Ans: Electric Vehicle Market size was valued at USD 164.01 billion in 2022.
Ans: For the past 2-3 years, global automotive manufacturers, including BYD, Tesla, and Nissan, have led the EV industry.
Ans: Some of the best-selling pure electric vehicles in the world include the Tesla Model 3, Wuling Hongguang Mini EV, Tesla Model Y, VW ID.4, Li Xiang One, BYD Han EV, BYD Dolphin, Changan EV, VW ID.3, and Nissan Leaf.
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Electric Vehicle Market Segmentation, By Vehicle Type
8.1 Passenger Car
8.2 Commercial Vehicle
9. Electric Vehicle Market Segmentation, By Propulsion Type
9.1 Battery Electric Vehicle (BEV)
9.2 Hybrid Electric Vehicle (HEV)
10.Electric Vehicle Market Segmentation, By Drive Type
10.1 All Wheel Drive
10.2 Front Wheel Drive
10.3 Rear Wheel Drive
11. Electric Vehicle Market Segmentation, By Range
11.1 Upto-150 Miles
11.2 151-300 Miles
11.3 Above 300 Miles
12. Electric Vehicle Market Segmentation, By Component
12.1 Battery Pack & High Voltage Component
12.2 Motor
12.3 Brake, Wheel & Suspension
12.4 Body & Chassis
12.5 Low Voltage Electric Component
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 North America Electric Vehicle Market by Country
13.2.2 North America Electric Vehicle Market by Vehicle Type
13.2.3 North America Electric Vehicle Market by Propulsion Type
13.2.4 North America Electric Vehicle Market by Drive Type
13.2.5 North America Electric Vehicle Market by Range
13.2.6 North America Electric Vehicle Market by Application
13.2.7 USA
13.2.7.1 USA Electric Vehicle Market by Vehicle Type
13.2.7.2 USA Electric Vehicle Market by Propulsion Type
13.2.7.3 USA Electric Vehicle Market by Drive Type
13.2.7.4 USA Electric Vehicle Market by Range
13.2.7.5 USA Electric Vehicle Market by Application
13.2.8 Canada
13.2.8.1 Canada Electric Vehicle Market by Vehicle Type
13.2.8.2 Canada Electric Vehicle Market by Propulsion Type
13.2.8.3 Canada Electric Vehicle Market by Drive Type
13.2.8.4 Canada Electric Vehicle Market by Range
13.2.8.5 Canada Electric Vehicle Market by Application
13.2.9 Mexico
13.2.9.1 Mexico Electric Vehicle Market by Vehicle Type
13.2.9.2 Mexico Electric Vehicle Market by Propulsion Type
13.2.9.3 Mexico Electric Vehicle Market by Drive Type
13.2.9.4 Mexico Electric Vehicle Market by Range
13.2.9.5 Mexico Electric Vehicle Market by Application
13.3 Europe
13.3.1 Eastern Europe
13.3.1.1 Eastern Europe Electric Vehicle Market by Country
13.3.1.2 Eastern Europe Electric Vehicle Market by Vehicle Type
13.3.1.3 Eastern Europe Electric Vehicle Market by Propulsion Type
13.3.1.4 Eastern Europe Electric Vehicle Market by Drive Type
13.3.1.5 Eastern Europe Electric Vehicle Market by Range
13.3.1.6 Eastern Europe Electric Vehicle Market by Application
13.3.1.7 Poland
13.3.1.7.1 Poland Electric Vehicle Market by Vehicle Type
13.3.1.7.2 Poland Electric Vehicle Market by Propulsion Type
13.3.1.7.3 Poland Electric Vehicle Market by Drive Type
13.3.1.7.4 Poland Electric Vehicle Market by Range
13.3.1.7.5 Poland Electric Vehicle Market by Application
13.3.1.8 Romania
13.3.1.8.1 Romania Electric Vehicle Market by Vehicle Type
13.3.1.8.2 Romania Electric Vehicle Market by Propulsion Type
13.3.1.8.3 Romania Electric Vehicle Market by Drive Type
13.3.1.8.4 Romania Electric Vehicle Market by Range
13.3.1.8.5 Romania Electric Vehicle Market by Application
13.3.1.9 Hungary
13.3.1.9.1 Hungary Electric Vehicle Market by Vehicle Type
13.3.1.9.2 Hungary Electric Vehicle Market by Propulsion Type
13.3.1.9.3 Hungary Electric Vehicle Market by Drive Type
13.3.1.9.4 Hungary Electric Vehicle Market by Range
13.3.1.9.5 Hungary Electric Vehicle Market by Application
13.3.1.10 Turkey
13.3.1.10.1 Turkey Electric Vehicle Market by Vehicle Type
13.3.1.10.2 Turkey Electric Vehicle Market by Propulsion Type
13.3.1.10.3 Turkey Electric Vehicle Market by Drive Type
13.3.1.10.4 Turkey Electric Vehicle Market by Range
13.3.1.10.5 Turkey Electric Vehicle Market by Application
13.3.1.11 Rest of Eastern Europe
13.3.1.11.1 Rest of Eastern Europe Electric Vehicle Market by Vehicle Type
13.3.1.11.2 Rest of Eastern Europe Electric Vehicle Market by Propulsion Type
13.3.1.11.3 Rest of Eastern Europe Electric Vehicle Market by Drive Type
13.3.1.11.4 Rest of Eastern Europe Electric Vehicle Market by Range
13.3.1.11.5 Rest of Eastern Europe Electric Vehicle Market by Application
13.3.2 Western Europe
13.3.2.1 Western Europe Electric Vehicle Market by Country
13.3.2.2 Western Europe Electric Vehicle Market by Vehicle Type
13.3.2.3 Western Europe Electric Vehicle Market by Propulsion Type
13.3.2.4 Western Europe Electric Vehicle Market by Drive Type
13.3.2.5 Western Europe Electric Vehicle Market by Range
13.3.2.6 Western Europe Electric Vehicle Market by Application
13.3.2.7 Germany
13.3.2.7.1 Germany Electric Vehicle Market by Vehicle Type
13.3.2.7.2 Germany Electric Vehicle Market by Propulsion Type
13.3.2.7.3 Germany Electric Vehicle Market by Drive Type
13.3.2.7.4 Germany Electric Vehicle Market by Range
13.3.2.7.5 Germany Electric Vehicle Market by Application
13.3.2.8 France
13.3.2.8.1 France Electric Vehicle Market by Vehicle Type
13.3.2.8.2 France Electric Vehicle Market by Propulsion Type
13.3.2.8.3 France Electric Vehicle Market by Drive Type
13.3.2.8.4 France Electric Vehicle Market by Range
13.3.2.8.5 France Electric Vehicle Market by Application
13.3.2.9 UK
13.3.2.9.1 UK Electric Vehicle Market by Vehicle Type
13.3.2.9.2 UK Electric Vehicle Market by Propulsion Type
13.3.2.9.3 UK Electric Vehicle Market by Drive Type
13.3.2.9.4 UK Electric Vehicle Market by Range
13.3.2.9.5 UK Electric Vehicle Market by Application
13.3.2.10 Italy
13.3.2.10.1 Italy Electric Vehicle Market by Vehicle Type
13.3.2.10.2 Italy Electric Vehicle Market by Propulsion Type
13.3.2.10.3 Italy Electric Vehicle Market by Drive Type
13.3.2.10.4 Italy Electric Vehicle Market by Range
13.3.2.10.5 Italy Electric Vehicle Market by Application
13.3.2.11 Spain
13.3.2.11.1 Spain Electric Vehicle Market by Vehicle Type
13.3.2.11.2 Spain Electric Vehicle Market by Propulsion Type
13.3.2.11.3 Spain Electric Vehicle Market by Drive Type
13.3.2.11.4 Spain Electric Vehicle Market by Range
13.3.2.11.5 Spain Electric Vehicle Market by Application
13.3.2.12 The Netherlands
13.3.2.12.1 Netherlands Electric Vehicle Market by Vehicle Type
13.3.2.12.2 Netherlands Electric Vehicle Market by Propulsion Type
13.3.2.12.3 Netherlands Electric Vehicle Market by Drive Type
13.3.2.12.4 Netherlands Electric Vehicle Market by Range
13.3.2.12.5 Netherlands Electric Vehicle Market by Application
13.3.2.13 Switzerland
13.3.2.13.1 Switzerland Electric Vehicle Market by Vehicle Type
13.3.2.13.2 Switzerland Electric Vehicle Market by Propulsion Type
13.3.2.13.3 Switzerland Electric Vehicle Market by Drive Type
13.3.2.13.4 Switzerland Electric Vehicle Market by Range
13.3.2.13.5 Switzerland Electric Vehicle Market by Application
13.3.2.14 Austria
13.3.2.14.1 Austria Electric Vehicle Market by Vehicle Type
13.3.2.14.2 Austria Electric Vehicle Market by Propulsion Type
13.3.2.14.3 Austria Electric Vehicle Market by Drive Type
13.3.2.14.4 Austria Electric Vehicle Market by Range
13.3.2.14.5 Austria Electric Vehicle Market by Application
13.3.2.15 Rest of Western Europe
13.3.2.15.1 Rest of Western Europe Electric Vehicle Market by Vehicle Type
13.3.2.15.2 Rest of Western Europe Electric Vehicle Market by Propulsion Type
13.3.2.15.3 Rest of Western Europe Electric Vehicle Market by Drive Type
13.3.2.15.4 Rest of Western Europe Electric Vehicle Market by Range
13.3.2.15.5 Rest of Western Europe Electric Vehicle Market by Application
13.4 Asia-Pacific
13.4.1 Asia Pacific Electric Vehicle Market by Country
13.4.2 Asia Pacific Electric Vehicle Market by Vehicle Type
13.4.3 Asia Pacific Electric Vehicle Market by Propulsion Type
13.4.4 Asia Pacific Electric Vehicle Market by Drive Type
13.4.5 Asia Pacific Electric Vehicle Market by Range
13.4.6 Asia Pacific Electric Vehicle Market by Application
13.4.7 China
13.4.7.1 China Electric Vehicle Market by Vehicle Type
13.4.7.2 China Electric Vehicle Market by Propulsion Type
13.4.7.3 China Electric Vehicle Market by Drive Type
13.4.7.4 China Electric Vehicle Market by Range
13.4.7.5 China Electric Vehicle Market by Application
13.4.8 India
13.4.8.1 India Electric Vehicle Market by Vehicle Type
13.4.8.2 India Electric Vehicle Market by Propulsion Type
13.4.8.3 India Electric Vehicle Market by Drive Type
13.4.8.4 India Electric Vehicle Market by Range
13.4.8.5 India Electric Vehicle Market by Application
13.4.9 Japan
13.4.9.1 Japan Electric Vehicle Market by Vehicle Type
13.4.9.2 Japan Electric Vehicle Market by Propulsion Type
13.4.9.3 Japan Electric Vehicle Market by Drive Type
13.4.9.4 Japan Electric Vehicle Market by Range
13.4.9.5 Japan Electric Vehicle Market by Application
13.4.10 South Korea
13.4.10.1 South Korea Electric Vehicle Market by Vehicle Type
13.4.10.2 South Korea Electric Vehicle Market by Propulsion Type
13.4.10.3 South Korea Electric Vehicle Market by Drive Type
13.4.10.4 South Korea Electric Vehicle Market by Range
13.4.10.5 South Korea Electric Vehicle Market by Application
13.4.11 Vietnam
13.4.11.1 Vietnam Electric Vehicle Market by Vehicle Type
13.4.11.2 Vietnam Electric Vehicle Market by Propulsion Type
13.4.11.3 Vietnam Electric Vehicle Market by Drive Type
13.4.11.4 Vietnam Electric Vehicle Market by Range
13.4.11.5 Vietnam Electric Vehicle Market by Application
13.4.12 Singapore
13.4.12.1 Singapore Electric Vehicle Market by Vehicle Type
13.4.12.2 Singapore Electric Vehicle Market by Propulsion Type
13.4.12.3 Singapore Electric Vehicle Market by Drive Type
13.4.12.4 Singapore Electric Vehicle Market by Range
13.4.12.5 Singapore Electric Vehicle Market by Application
13.4.13 Australia
13.4.13.1 Australia Electric Vehicle Market by Vehicle Type
13.4.13.2 Australia Electric Vehicle Market by Propulsion Type
13.4.13.3 Australia Electric Vehicle Market by Drive Type
13.4.13.4 Australia Electric Vehicle Market by Range
13.4.13.5 Australia Electric Vehicle Market by Application
13.4.14 Rest of Asia-Pacific
13.4.14.1 APAC Electric Vehicle Market by Vehicle Type
13.4.14.2 APAC Electric Vehicle Market by Propulsion Type
13.4.14.3 APAC Electric Vehicle Market by Drive Type
13.4.14.4 APAC Electric Vehicle Market by Range
13.4.14.5 APAC Electric Vehicle Market by Application
13.5 The Middle East & Africa
13.5.1 Middle East
13.5.1.1 Middle East Electric Vehicle Market By country
13.5.1.2 Middle East Electric Vehicle Market by Vehicle Type
13.5.1.3 Middle East Electric Vehicle Market by Propulsion Type
13.5.1.4 Middle East Electric Vehicle Market by Drive Type
13.5.1.5 Middle East Electric Vehicle Market by Range
13.5.1.6 Middle East Electric Vehicle Market by Application
13.5.1.7 UAE
13.5.1.7.1 UAE Electric Vehicle Market by Vehicle Type
13.5.1.7.2 UAE Electric Vehicle Market by Propulsion Type
13.5.1.7.3 UAE Electric Vehicle Market by Drive Type
13.5.1.7.4 UAE Electric Vehicle Market by Range
13.5.1.7.5 UAE Electric Vehicle Market by Application
13.5.1.8 Egypt
13.5.1.8.1 Egypt Electric Vehicle Market by Vehicle Type
13.5.1.8.2 Egypt Electric Vehicle Market by Propulsion Type
13.5.1.8.3 Egypt Electric Vehicle Market by Drive Type
13.5.1.8.4 Egypt Electric Vehicle Market by Range
13.5.1.8.5 Egypt Electric Vehicle Market by Application
13.5.1.9 Saudi Arabia
13.5.1.9.1 Saudi Arabia Electric Vehicle Market by Vehicle Type
13.5.1.9.2 Saudi Arabia Electric Vehicle Market by Propulsion Type
13.5.1.9.3 Saudi Arabia Electric Vehicle Market by Drive Type
13.5.1.9.4 Saudi Arabia Electric Vehicle Market by Range
13.5.1.9.5 Saudi Arabia Electric Vehicle Market by Application
13.5.1.10 Qatar
13.5.1.10.1 Qatar Electric Vehicle Market by Vehicle Type
13.5.1.10.2 Qatar Electric Vehicle Market by Propulsion Type
13.5.1.10.3 Qatar Electric Vehicle Market by Drive Type
13.5.1.10.4 Qatar Electric Vehicle Market by Range
13.5.1.10.5 Qatar Electric Vehicle Market by Application
13.5.1.11 Rest of Middle East
13.5.1.11.1 Rest of Middle East Electric Vehicle Market by Vehicle Type
13.5.1.11.2 Rest of Middle East Electric Vehicle Market by Propulsion Type
13.5.1.11.3 Rest of Middle East Electric Vehicle Market by Drive Type
13.5.1.11.4 Rest of Middle East Electric Vehicle Market by Range
13.5.1.11.5 Rest of Middle East Electric Vehicle Market by Application
13.5.2 Africa
13.5.2.1 Africa Electric Vehicle Market by Country
13.5.2.2 Africa Electric Vehicle Market by Vehicle Type
13.5.2.3 Africa Electric Vehicle Market by Propulsion Type
13.5.2.4 Africa Electric Vehicle Market by Drive Type
13.5.2.5 Africa Electric Vehicle Market by Range
13.5.2.6 Africa Electric Vehicle Market by Application
13.5.2.7 Nigeria
13.5.2.7.1 Nigeria Electric Vehicle Market by Vehicle Type
13.5.2.7.2 Nigeria Electric Vehicle Market by Propulsion Type
13.5.2.7.3 Nigeria Electric Vehicle Market by Drive Type
13.5.2.7.4 Nigeria Electric Vehicle Market by Range
13.5.2.7.5 Nigeria Electric Vehicle Market by Application
13.5.2.8 South Africa
13.5.2.8.1 South Africa Electric Vehicle Market by Vehicle Type
13.5.2.8.2 South Africa Electric Vehicle Market by Propulsion Type
13.5.2.8.3 South Africa Electric Vehicle Market by Drive Type
13.5.2.8.4 South Africa Electric Vehicle Market by Range
13.5.2.8.5 South Africa Electric Vehicle Market by Application
13.5.2.9 Rest of Africa
13.5.2.9.1 Rest of Africa Electric Vehicle Market by Vehicle Type
13.5.2.9.2 Rest of Africa Electric Vehicle Market by Propulsion Type
13.5.2.9.3 Rest of Africa Electric Vehicle Market by Drive Type
13.5.2.9.4 Rest of Africa Electric Vehicle Market by Range
13.5.2.9.5 Rest of Africa Electric Vehicle Market by Application
13.6 Latin America
13.6.1 Latin America Electric Vehicle Market by Country
13.6.2 Latin America Electric Vehicle Market by Vehicle Type
13.6.3 Latin America Electric Vehicle Market by Propulsion Type
13.6.4 Latin America Electric Vehicle Market by Drive Type
13.6.5 Latin America Electric Vehicle Market by Range
13.6.6 Latin America Electric Vehicle Market by Application
13.6.7 Brazil
13.6.7.1 Brazil Electric Vehicle Market by Vehicle Type
13.6.7.2 Brazil Africa Electric Vehicle Market by Propulsion Type
13.6.7.3Brazil Electric Vehicle Market by Drive Type
13.6.7.4 Brazil Electric Vehicle Market by Range
13.6.7.5 Brazil Electric Vehicle Market by Application
13.6.8 Argentina
13.6.8.1 Argentina Electric Vehicle Market by Vehicle Type
13.6.8.2 Argentina Electric Vehicle Market by Propulsion Type
13.6.8.3 Argentina Electric Vehicle Market by Drive Type
13.6.8.4 Argentina Electric Vehicle Market by Range
13.6.8.5 Argentina Electric Vehicle Market by Application
13.6.9 Colombia
13.6.9.1 Colombia Electric Vehicle Market by Vehicle Type
13.6.9.2 Colombia Electric Vehicle Market by Propulsion Type
13.6.9.3 Colombia Electric Vehicle Market by Drive Type
13.6.9.4 Colombia Electric Vehicle Market by Range
13.6.9.5 Colombia Electric Vehicle Market by Application
13.6.10 Rest of Latin America
13.6.10.1 Rest of Latin America Electric Vehicle Market by Vehicle Type
13.6.10.2 Rest of Latin America Electric Vehicle Market by Propulsion Type
13.6.10.3 Rest of Latin America Electric Vehicle Market by Drive Type
13.6.10.4 Rest of Latin America Electric Vehicle Market by Range
13.6.10.5 Rest of Latin America Electric Vehicle Market by Application
14 Company Profile
14.1 BMW Group.
14.1.1Company Overview
14.1.2 Financials
14.1.3 Product/Services Offered
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 BYD Company Ltd.
14.2.1Company Overview
14.2.2 Financials
14.2.3 Product/Services Offered
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 Daimler AG.
14.3.1Company Overview
14.3.2 Financials
14.3.3 Product/Services Offered
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 Ford Motor Company.
14.4.1Company Overview
14.4.2 Financials
14.4.3 Product/Services Offered
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 General Motor Company.
14.5.1Company Overview
14.5.2 Financials
14.5.3 Product/Services Offered
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 Nissan Motor Corporation.
14.6.1Company Overview
14.6.2 Financials
14.6.3 Product/Services Offered
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 Tesla.
14.7.1Company Overview
14.7.2 Financials
14.7.3 Product/Services Offered
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 Toyota Motor Corporation.
14.8.1Company Overview
14.8.2 Financials
14.8.3 Product/Services Offered
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 Toyota Motor Corporation.
14.9.1Company Overview
14.9.2 Financials
14.9.3 Product/Services Offered
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 Volkswagen AG.
14.10.1Company Overview
14.10.2 Financials
14.10.3 Product/Services Offered
14.10.4 SWOT Analysis
14.10.5 The SNS View
15. Competitive Landscape
15.1 Competitive Bench marking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. USE Cases and Best Practices
17. Conclusion
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The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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