Due to the COVID-19 pandemic, the global Plug-in Electric Vehicles (PEVs) market size is estimated to be worth US$ 17240 million in 2022 and is forecast to a readjusted size of US$ 32610 million by 2028 with a CAGR of 11.2% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Battery Electric Vehicles (BEVs) accounting for % of the Plug-in Electric Vehicles (PEVs) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Passenger Cars segment is altered to an % CAGR throughout this forecast period.
North America Plug-in Electric Vehicles (PEVs) market is estimated at US$ million in 2021, while Europe is forecast to reach US$ million by 2028. The proportion of the North America is % in 2021, while Europe percentage is %, and it is predicted that Europe share will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major manufacturers of Plug-in Electric Vehicles (PEVs) include BYD, BMW, GM, Ford, Honda Motor, VOLVO, Mercedes-Benz, Chery and Audi, etc. In terms of revenue, the global 3 largest players have a % market share of Plug-in Electric Vehicles (PEVs) in 2021.
Global Plug-in Electric Vehicles (PEVs) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Plug-in Electric Vehicles (PEVs) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Battery Electric Vehicles (BEVs)
Plug-In Hybrid Vehicles (PHEVs)
Hybrid Electric Vehicles
Segment by Application
Light Commercial Vehicle
Production by Region
Consumption by Region
Frequently Asked Questions
- By product type
- By End User/Applications
- By Technology
- By Region