EUROPE ELECTRIC VEHICLE MARKET FORECAST 2020-2028

The Europe electric vehicle market is projected to record growth at a CAGR of 22.78% during the forecast period, 2020-2028. The increasing initiatives for enhancing the efficiency of the transport system, along with strategizing low-emission mobility, are the prominent factors fueling the growth of the market. Europe Electric Vehicle Market

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The countries assessed in the Europe electric vehicle market growth analysis are the Netherlands, the United Kingdom, France, Germany, Norway, and the rest of Europe. Electric vehicles that are common in Europe include commercial EVs, two-wheeler EVs, and passenger electric cars. In the United Kingdom, favorable government support through grants and incentives, is pushing the growth of the market. The government supports the wide deployment of EVs and Hybrid Electric Vehicles through the United Kingdom Office of Low Emission Vehicle (OLEV). The government has also extended the EV grant scheme with a substantial grant for boosting the adoption of ultra-low emission vehicles. In France, the plug-in passenger electric vehicle market recorded substantial growth, with a considerable number of registrations. The hybrid plug-in vehicle fleet of Norway is the highest per capita in the world. Norway became the first country in the world in Match 2014, where one in every 100 passenger cars was an electric plug-in. Also, in 2019, almost 60% of the cars sold were electric-powered. There are more EVs on Norwegian roads than anywhere in the world. The country is considered to be a poster child of the EV revolution.

Volkswagen Group and its subsidiaries manufacture and market automobiles in Europe, Asia Pacific, South America, and North America. The company operates through several segments. The passenger car segment supplies engines & vehicles, and also manufactures passenger cars and parts. The company has its headquarters in Wolfsburg, Germany.

 

TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. SCOPE OF STUDY
    3. METHODOLOGY
    4. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
  3. MARKET DYNAMICS
    1. DEVELOPMENT OF ELECTRIC VEHICLE
    2. BENEFITS & LIMITATIONS OF ELECTRIC VEHICLES
    3. MARKET DEFINITION
    4.    KEY DRIVERS
      1. DEGRADATION OF CLIMATE DUE TO TRANSPORTATION INDUSTRY
      2. EASY AVAILABILITY AND LOW COST OF LI-ON BATTERIES
      3. GOVERNMENT INITIATIVES ENCOURAGING THE USE OF ELECTRIC VEHICLES
      4. HIGH ALLOCATION EXPENDITURE TOWARDS RESEARCH AND INNOVATION
    5.    KEY RESTRAINTS
      1. POOR INFRASTRUCTURE FOR CHARGING OF ELECTRIC VEHICLES
      2. RELATIVELY HIGHER COST OF ELECTRIC VEHICLES
  4. KEY ANALYTICS
    1. KEY INVESTMENT INSIGHTS
    2.    PORTER’S FIVE FORCE ANALYSIS
      1. BUYER POWER
      2. SUPPLIER POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. OPPORTUNITY MATRIX
    4. VENDOR LANDSCAPE
    5.    VALUE CHAIN ANALYSIS
      1. DEMAND FORECAST AND RESEARCH & DEVELOPMENT
      2. PRODUCTION PROGRAMMING, SCHEDULING, AND SUPPLIERS SCHEDULING
      3. INBOUND LOGISTICS & PRODUCTION
      4. OUTBOUND LOGISTICS
      5. DEALERS/DISTRIBUTORS
      6. END USERS/CUSTOMERS
    6. KEY BUYING CRITERIA
    7. REGULATORY FRAMEWORK
  5. MARKET BY TECHNOLOGY
    1. BATTERY ELECTRIC VEHICLE
    2. HYBRID ELECTRIC VEHICLE
    3. PLUG-IN HYBRID ELECTRIC VEHICLE
  6. MARKET BY VEHICLE TYPE
    1. TWO-WHEELER
    2. PASSENGER CAR
    3.    COMMERCIAL VEHICLE
      1.    HEAVY COMMERCIAL VEHICLES
        1. BUSES
        2. TRUCKS
      2. OTHER COMMERCIAL VEHICLES
  7. GEOGRAPHICAL ANALYSIS
    1.    EUROPE
      1. UNITED KINGDOM
      2. NETHERLANDS
      3. NORWAY
      4. GERMANY
      5. FRANCE
      6. REST OF EUROPE
  8. COMPANY PROFILES
    1. BMW GROUP
    2. BYD COMPANY LTD
    3. DAIMLER AG
    4. FIAT CHRYSLER AUTOMOBILES GROUP (MERGER BETWEEN CHRYSLER AND FIAT)
    5. FORD MOTOR COMPANY
    6. GENERAL MOTORS COMPANY
    7. GROUPE PSA
    8. HONDA MOTOR COMPANY
    9. HYUNDAI MOTOR
    10. MITSUBISHI
    11. NISSAN MOTOR COMPANY LTD
    12. TESLA INC
    13. TOYOTA INDUSTRIES CORPORATION
    14. VOLKSWAGEN GROUP
    15. ZHEJIANG GEELY HOLDING GROUP
LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – ELECTRIC VEHICLE

TABLE 2: BENEFITS & LIMITATIONS OF ELECTRIC VEHICLE

TABLE 3: REGULATORY FRAMEWORK

TABLE 4: EUROPE ELECTRIC VEHICLE MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 5: EUROPE ELECTRIC VEHICLE MARKET, BY TECHNOLOGY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 6: EUROPE ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 7: EUROPE ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 8: EUROPE ELECTRIC VEHICLE MARKET, BY COMMERCIAL VEHICLE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 9: EUROPE ELECTRIC VEHICLE MARKET, BY COMMERCIAL VEHICLE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 10: EUROPE ELECTRIC VEHICLE MARKET, BY HEAVY COMMERCIAL VEHICLE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 11: EUROPE ELECTRIC VEHICLE MARKET, BY HEAVY COMMERCIAL VEHICLE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 12: EUROPE ELECTRIC VEHICLE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 13: EUROPE ELECTRIC VEHICLE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: DEVELOPMENT OF ELECTRIC VEHICLE MARKET

FIGURE 2: LITHIUM-ION BATTERY PRICE PER KWH (2010-2018)

FIGURE 3: KEY INVESTMENT INSIGHTS

FIGURE 4: PORTER’S FIVE FORCE ANALYSIS

FIGURE 5: OPPORTUNITY MATRIX

FIGURE 6: VENDOR LANDSCAPE

FIGURE 7: VALUE CHAIN ANALYSIS

FIGURE 8: KEY BUYING CRITERIA

FIGURE 9: EUROPE ELECTRIC VEHICLE MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2019

FIGURE 10: EUROPE ELECTRIC VEHICLE MARKET, BY BATTERY ELECTRIC VEHICLE, 2020-2028 (IN $ MILLION)

FIGURE 11: EUROPE ELECTRIC VEHICLE MARKET, BY HYBRID ELECTRIC VEHICLE, 2020-2028 (IN $ MILLION)

FIGURE 12: EUROPE ELECTRIC VEHICLE MARKET, BY PLUG-IN HYBRID ELECTRIC VEHICLE, 2020-2028 (IN $ MILLION)

FIGURE 13: EUROPE ELECTRIC VEHICLE MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2019

FIGURE 14: EUROPE ELECTRIC VEHICLE MARKET, BY TWO-WHEELER, 2020-2028 (IN $ MILLION)

FIGURE 15: EUROPE ELECTRIC VEHICLE MARKET, BY PASSENGER CAR, 2020-2028 (IN $ MILLION)

FIGURE 16: EUROPE ELECTRIC VEHICLE MARKET, BY COMMERCIAL VEHICLE, 2020-2028 (IN $ MILLION)

FIGURE 17: EUROPE ELECTRIC VEHICLE MARKET, GROWTH POTENTIAL, BY COMMERCIAL VEHICLE, IN 2019

FIGURE 18: EUROPE ELECTRIC VEHICLE MARKET, BY HEAVY COMMERCIAL VEHICLE, 2020-2028 (IN $ MILLION)

FIGURE 19: EUROPE ELECTRIC VEHICLE MARKET, GROWTH POTENTIAL, BY HEAVY COMMERCIAL VEHICLE, IN 2019

FIGURE 20: EUROPE ELECTRIC VEHICLE MARKET, BY BUSES, 2020-2028 (IN $ MILLION)

FIGURE 21: EUROPE ELECTRIC VEHICLE MARKET, BY TRUCKS, 2020-2028 (IN $ MILLION)

FIGURE 22: EUROPE ELECTRIC VEHICLE MARKET, BY OTHER COMMERCIAL VEHICLES, 2020-2028 (IN $ MILLION)

FIGURE 23: EUROPE ELECTRIC VEHICLE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 24: UNITED KINGDOM ELECTRIC VEHICLE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 25: NETHERLANDS ELECTRIC VEHICLE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 26: NORWAY ELECTRIC VEHICLE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 27: GERMANY ELECTRIC VEHICLE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 28: FRANCE ELECTRIC VEHICLE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 29: REST OF EUROPE ELECTRIC VEHICLE MARKET, 2020-2028 (IN $ MILLION)

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