Global Electric Vehicle Market to reach a market size of $602.8 billion by 2025- KBV Research

The Hybrid Electric Vehicle market dominated the Global Electric Vehicle Market by Type 2018, growing at a CAGR of 17.7 % during the forecast period. The Battery Electric Vehicle market is expected to witness a CAGR of 29.7% during (2019-2025). Additionally, The Plug-in Hybrid Electric Vehicle market is expected to witness highest CAGR of 31.5% during (2019-2025).

The Passenger Vehicles market dominated the Global Electric Vehicle Market by Vehicle Type 2018, growing at a CAGR of 23.8 % during the forecast period. The Two-wheeler market is expected to witness a CAGR of 25.5% during (2019-2025).

The Asia Pacific market dominated the Global Electric Vehicle Market by Region 2018, growing at a CAGR of 25.4 % during the forecast period. The Europe market is expected to witness a CAGR of 23.6% during (2019-2025). Additionally, The North America market is expected to witness a CAGR of 23.8% during (2019-2025).

Full Report: https://www.kbvresearch.com/electric-vehicle-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Tesla, Inc., Volkswagen AG, Honda Motor Co. Ltd., BYD Company Limited, Volvo Group, BMW Group, Toyota Motor Corporation, Ford Motors Co. Ltd., Daimler AG and General Motors Co.

Global Electric Vehicle Market Segmentation

By Type

Hybrid Electric Vehicle

Battery Electric Vehicle

Plug-in Hybrid Electric Vehicle

By Vehicle Type

Passenger Vehicles

Two-wheeler

Commercial Vehicle

By Geography

North America

US

Canada

Mexico

Rest of North America

Europe

Germany

UK

France

Russia

Norway

Netherlands

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Singapore

Taiwan

Rest of Asia Pacific

LAMEA

Brazil

Argentina

UAE

Saudi Arabia

South Africa

Nigeria

Rest of LAMEA

Companies Profiled

Tesla, Inc.

Volkswagen AG

Honda Motor Co. Ltd.

BYD Company Limited

Volvo Group

BMW Group

Toyota Motor Corporation

Ford Motors Co. Ltd.

Daimler AG

General Motors Co.

Electric Vehicle Market Related Reports:

North America Market

Europe Market

Asia Pacific Market

LAMEA Market