1. Market Research
  2. > Automotive
  3. > Motor Vehicle Market Trends
  4. > Electric Vehicle

Electric Car Market: Get the Latest Comprehensive EV Industry Reports

  • Currently 5/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
5 votes

Global Electric Vehicle Manufacturing Industry

In the automotive manufacturing area, the world hybrid & electric vehicle industry is expected to record 19% yearly unit sales growth between 2011 and 2015, according to research from TechNavio. Market expansion is influenced by rising worldwide oil consumption and government initiatives favoring environmentally friendly vehicles. However, the expense of hybrid cars remains a significant obstacle to market growth that needs to be addressed in the near future to ensure success.

Electri Car Market Segments

Though traditionally considered costly early adopter vehicles, plug-in electric vehicles (PEVs) may become a mass-market item in coming years as automotive manufacturers focus their efforts on making this a mainstream mode of personal transportation. At its launch in 2011, PEV market output volume was in the region of 20,000 units, reports Pike Research. Factors slowing market growth include the economic recession and consumer unfamiliarity with the technology, which makes the launch of new models to mainstream consumers difficult.

In the short-term, increased sales of battery electric vehicles (BEVs) and PHEVs (the hybrid and electric version of the PEVs) will be uneven throughout various regional markets. North American sales of PHEVs will outpace BEV sales, while in the EU and Asia sales of BEVs will outpace PHEV sales. Currently, the vast majority of OEMs manufacturing PEVs are keeping tight control on output levels, taking the time necessary to explore consumer preferences and new technologies, remaining sensitive to regional discrepancies in demand. Manufacturers are employing caution in strategies devised for the PEV market, though the long-term market outlook is encouraging.

TechNavio predicts the world electric car charging station industry will reach 77% growth between 2011 and 2015. Rising demand for energy independence will continue to spur market expansion, but limited EV performance may present an obstacle to market growth. Leading vendors currently operating in the global EV charging station market include Leviton Manufacturing, Better Place, AeroVironment, Coulomb Technologies and ECOtality.

The global eco-friendly bike battery market is expected to witness 11% expansion over the four-year period ending 2015, according to research from TechNavio. Government initiatives in support of green technology will play an important role in market growth in the future. Next-generation battery development is an important factor in the sector, though battery lifecycle prospects may represent an obstacle to industry expansion. Prominent vendors dominating this market include Panasonic Storage Battery, Chaowei Power, and Tianneng Power. 

EV Regional Market Share

China’s EV market is predicted to witness unit sales growth in excess of 190% between 2011 and 2015 reports TechNavio. Rising oil consumption in China represents a significant growth factor, with government initiatives spreading consumer awareness regarding electric cars expected to also contribute to market growth. The high cost of green energy efficient automobiles, however, remains a market obstacle.

China’s EV industry has witnessed promotion activities across 25 urban centers since 2009, reports Research in China. EV sales in China reached a modest 8,000 units in 2011, equivalent to 1% of overall global sales in terms of volume. The country’s eco-friendly vehicle plan issued in April of 2012 established a 2015 pure EV sales goal of 500,000 units, rising to 5 million in 2020. This will step up manufacturers’ pace of development of EV and related parts. Of the 8,000 clean vehicles produced in China in 2011, passenger cars accounted for 60%. The country’s clean passenger vehicles are mainly comprised of three models; EV, HEV and FCV. EV comprises the majority of China’s electric passenger vehicles in terms of volume, making up 70% of the overall segment, followed by HEV at 22% and FCV at 8%. Four EV models and one HEV model were chosen to serve as official Chinese government vehicles in 2012, and it is expected that electric vehicles will be selected as the vehicles of choice for an increasing number of official transportation options.

Read more »

Share

You might be interested in these related markets:

24/7 Customer Support

Talk to Sam

+1 718 473 0872

1-10 of about 2500 reports

Global Electric Vehicle Industry

  • September 2016
    22 pages
  • Electric Vehicl...  

  • United States  

    Colombia  

    Brazil  

View report >

The future of the Electric Vehicle Industry in the US

  • December 2016
    12 pages
  • Electric Vehicl...  

  • United States  

View report >

Electric Vehicle Markets in Europe and Russia

  • November 2016
    11 pages
  • Electric Vehicl...  

  • Europe  

    Russian Federat...  

    Asia  

View report >

Electric Vehicle Industry in Asia - Forecast

  • January 2016
    9 pages
  • Electric Vehicl...  

  • Asia  

    World  

    Australia  

View report >

Electric Vehicle Demand Analysis in Japan - Forecast

  • September 2016
    15 pages
  • Electric Vehicl...  

  • Japan  

    China  

View report >

Electric Vehicle Markets in France - Forecast

  • September 2016
    7 pages
  • Electric Vehicl...  

    Motor Vehicle  

  • France  

    Europe  

View report >

Electric Vehicle Industry in Germany - Forecast

  • September 2016
    5 pages
  • Electric Vehicl...  

View report >

The future of the Electric Vehicle Industry in Italy

  • May 2015
    9 pages
  • Electric Vehicl...  

    Motor Vehicle  

  • Italy  

    Europe  

    Canada  

View report >

Electric Vehicle Industry in the UK

  • September 2016
    9 pages
  • Electric Vehicl...  

  • United Kingdom  

View report >

The future of the Electric Vehicle Industry in Canada

  • November 2016
    86 pages
  • Electric Vehicl...  

    Motor Vehicle  

  • Canada  

View report >

Search in Electric Vehicle Industry (About 2500 reports)
Parent industry: Motor Vehicle
Related industries: Motorcycle, Light Vehicle, Commercial Vehicle

About 300 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 75 - $ 5550)

Electric Vehicle Plastics Market by Material (PP, PE, ABS, PU, PVC, PA, PC, PVB & Other Engineering Resins), Application (Interior, Exterior, Lighting/Electric Wiring & Under the hood), & Region and ICE Passenger Cars by Material - Global Forecast to 2021

Electric Vehicle Plastics Market by Material (PP, PE, ABS, PU, PVC, PA, PC, PVB & Other Engineering Resins), Application (Interior, Exterior, Lighting/Electric Wiring & Under the hood), & Region and ICE Passenger Cars by Material - Global Forecast to 2021

  • $ 5650
  • Industry report
  • October 2016
  • by MarketsandMarkets

“Supporting government policies and taxation schemes are expected to fuel the demand for electric vehicles” The electric vehicle plastics market is projected to grow at a CAGR of 27.82%, to reach a ...

Automotive Drivetrain Market By Drive Type, Vehicle Typ ...

October 2016 $ 5650

Global And Chinese Low Speed Electric Vehicles Industry ...

November 2016 $ 3000

Global And Chinese Ev Charging Station Industry, 2016 M ...

November 2016 $ 3000

Global And Chinese Electric Vehicle Industry, 2016 Mark ...

November 2016 $ 3000

Global And Chinese Electric Vehicle Battery Industry, 2 ...

November 2016 $ 3000

Global And Chinese Electric-drive Phlegm-sucker Industr ...

November 2016 $ 3000

Global And Chinese Electric Vehicles Industry, 2016 Mar ...

November 2016 $ 3000

Global And Chinese Electric Car Cup / Tea Industry, 201 ...

November 2016 $ 3000

Global And Chinese Senium Electric Scooter Industry, 20 ...

November 2016 $ 3000

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.