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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
An automobile powered solely by electricity stored in batteries is known as an electric car, battery electric car, or all-electric SUV. Electric vehicles emit fewer emissions overall, are quieter, and do not have an internal combustion engine (ICE).
Due to lower fueling and maintenance costs, recent electric vehicles will have a lower total cost of ownership in the United States and the European Union. There are a variety of places to charge an electric vehicle; These charging stations can be put in both private residences and public locations.
6.6 million plug-in electric cars were sold worldwide, more than doubling the number sold in 2020, and taking 9 percent of the global new car market. Almost 71% of plug-in vehicle sales were of all-electric vehicles. 16 million plug-in electric vehicles were operating worldwide as of December 2021.
To limit climate change and reduce air pollution, numerous nations have legislated to phase out the sale of fossil fuel vehicles, while others have established tax credits, subsidies, and other non-monetary incentives for plug-in electric vehicles.
The Global electric SUV market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
Beginning in early 2020, the Tesla Model 3 became the most popular electric vehicle in the world and became the first electric vehicle to sell one million units worldwide.
Autonomous, Connected, Electric, and Shared (ACES) Mobility is a vision for the future of mobility that includes electric cars and other emerging automotive technologies like autonomous driving, connected vehicles, and shared mobility.
When people talk about "electric cars," they usually mean all-electric cars or battery electric vehicles (BEVs), which are a type of electric vehicle (EV) with an onboard rechargeable battery pack that can be plugged in and charged from the electric grid. The only energy source that powers the wheels is the electricity stored on the vehicle.
The term usually refers to cars that can drive on the highway, but there are also low-speed electric cars that can only travel at a certain speed, power, and weight on public roads. The latter are referred to as electric motorized quadricycles in Europe and as neighborhood electric vehicles (NEVs) in the United States.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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