Global Electric Passenger Cars Market Report 2021 – Suitable Government Initiative to Increase Adoption – Forecasts Until 2028

Dublin, July 29, 2021 (PRNewswire) – “Electric passenger cars market report, stock and trends analysis report by product (battery electric vehicle, plug-in electric vehicle), regional and class forecasts, 2021-2028”’s Presenting.

The market for electric passenger cars is expected to reach market size $ 1.04 trillion CAGR is growing at an expected 32.5% by 2028, 2021 and 2028.

Rising crude oil prices, coupled with government efforts to increase the adoption of electric vehicles, are expected to stimulate demand for electric vehicles (EVs).

In addition, the benefits of electric vehicles for internal combustion vehicles, such as overall ownership value, better performance and zero fuel emissions, are expected to increase in demand for AVs in the coming years.

The price of electric car batteries has been declining over the past few years due to mass production and technological advances. The battery is one of the most expensive and popular parts of an electric vehicle, resulting in a reduction in the cost of electric vehicles.

Linn In 2010, the electric car battery cost more than that $ 1,000 In kWh. Prices fell by 2020 $ 135 In kWh. This reduction in the cost of electric vehicle batteries is expected to create significant opportunities for consumers and manufacturers during the forecast period.

The CVD-19 epidemic has caused locks and social unrest around the world, and has resulted in losses for the automotive, manufacturing, entertainment, restaurant and hospitality industries. Unsatisfactory business conditions will affect the production of electric vehicles by 2020.

However, by 2020, the total sales of electric cars have increased by more than 40 percent to nearly 3 million. In a thriving and growing economy, many companies have added electric charging stations after being shut down. In addition, the market did not suffer a significant loss during the epidemic. In addition, the market is witnessing significant growth over the next decade, thanks to a government initiative to support the adoption of electric vehicles.

2020 Europe About 45% of the demand for electric passenger cars is accounted for, and it is estimated that more than 39% of the CAGR is recorded during the review period. This is due to the growing demand for electric passenger cars in such countries Germany, Great Britain, France, Norway, Netherlands And Sweden.

In addition, 2020 was the year of the EU’s emission targets, which limit the average CO2 emissions per kilometer for new cars. It has also increased subsidies in countries such as the European Union France, Germany And Italy To increase the sale of electric vehicles in the region and to prevent the impact of the epidemic.

Highlights of the market report for electric passenger cars

  • The market for electric passenger cars is priced $ 120.81 billion Linn It is planned to record a CAGR of about 32% in 2020 and the forecast period
  • In terms of production, the battery-powered Beve section It has emerged as the biggest segment in 2020 and is expected to maintain its dominance during the forecast period
  • Europe It will play a major role in 2020 by increasing subsidies to increase electric vehicle sales in the region

Covered Topics:

Chapter 1 Method and Limitations

Chapter 2 Executive Summary

Chapter 3 Electric Passenger Cars Market Variations, Trends and Limits
3.1 Insight and Growth Forecast Map
3.2 Industrial Value Chain Analysis
3.3 Market Variability of Electric Passenger Cars
3.4 Electric Passenger Cars Industry Analysis – Porter
3.5 Electric Passenger Cars Industry Analysis – Pest
3.6 Electric Passenger Cars – Top Sales Models, Brand Name
3.7 Government regulations for electric passenger cars
3.8 Electric Passenger Cars Market – Impact of CV-19
3.9 Electric Passenger Cars Market Key Company Analysis, 2020

Chapter 4 Electric Passenger Cars Market – Product Section Analysis
4.1 Electric Passenger Cars Market – Product Outlook and Market Share 2020 and 2028
4.2 Battery Electric Vehicle (Beve)
4.2.1 BEV Market, Region, 2016 – 2028
4.3 Hybrid Electric Vehicle (PHEV) in Plug-in
4.3.1 PHEV Market, Region, 2016 – 2028

Chapter 5 Electric Passenger Cars Market – Regional Part Analysis
5.1 Electric Passenger Cars Market: Regional View and Market Share 2020 and 2028
5.2 North America
5.2.1 United States
5.2.2 Canada
5.3 Europe
5.3.1 UK
5.3.2 Germany
5.3.3 France
5.3.4 Norway
5.3.5 Sweden
5.3.6 Rest Europe
5.4 Asia Pacific
5.4.1 China
5.4.2 Japan
5.3.3 Korea
5.3.4 The rest Asia Pacific
5.5 The Rest of the World (RoW)

Chapter 6 Competitive Landscape
6.1 Competition dashboard
6.2 Company Profiles

  • BYD Company Limited
  • Daimler AG
  • Ford Motor Company
  • General Motors Company
  • Mitsubishi Motors Corporation
  • Nissan Motor Company
  • SAIC Motor Corporation Limited
  • Tesla
  • Toyota Motor Corporation
  • Volkswagen A.G.
  • Lucid Motors
  • Rivian
  • Karma Automotive
  • Fisker Inc.

Visit for more information on this report

Media Contact:
Research and Markets
Laura Wood, Managing Director
[email protected]

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SOURCE Research and Markets

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