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Zero Emission Vehicle Market: Current Analysis and Forecast (2021-2027)

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Governments around the world are implementing policies to promote electric vehicles to reduce oil consumption, climate-related emissions, and local air pollution and to stake out an industrial leadership position in the new advanced technology. After a decade of rapid growth, in 2020 the global electric car stock hit the 10 million mark, a 43% increase over 2019, and representing a 1% stock share. Battery electric vehicles (BEVs) accounted for two-thirds of new electric car registrations and two-thirds of the stock in 2020. China, with 4.5 million electric cars, has the largest fleet, though in 2020 Europe had the largest annual increase to reach 3.2 million.

Numerous factors contributed to increased electric car registrations in 2020. Notably, electric cars are gradually becoming more competitive in some countries on a total cost of ownership basis. Several governments provided or extended fiscal incentives that buffered electric car purchases from the downturn in car markets. Worldwide about 370 electric car models were available in 2020, a 40% increase from 2019. China has the widest offering, reflecting its less consolidated automotive sector and that it is the world's largest EV market. But in 2020 the biggest increase in number of models was in Europe where it more than doubled.
However, some of the restraints in the market include Driving range of EV's, lack of charging infrastructure & a few models' availability are some factors impeding the growth of this market all over the world. Based on vehicle type, the market is classified into Battery Electric Vehicles (BEV), Plug-in Hybrid Electric Vehicles (PHEV) and Fuel Cell Electric Vehicles (FCEV). The Battery Electric Vehicles (BEV) segment accounted XX million vehicles sales in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach XX million vehicle sales by 2027 since it is offered in most vehicle segments in all regions.

Based on application type, the market is segmented into Commercial Vehicles & Passenger Vehicles. The Passenger Vehicles segment grabbed XX% market share of the Zero Emission Vehicle Market with the sales of XX million vehicles in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach XX million vehicle sales by 2027 owing to the increased demand due to initiatives offered by the governments across the world.Based on product type, the market is segmented into Buses, Trucks, cars & other vehicles. In 2020, the cars segment dominated the Zero Emission Vehicle Market and accounted for XX% market share. This segment will witness a considerable CAGR of XX% during the forecast period (2021-2027F) owing to the significant demand & production targets of OEM's across the world.
 
For a better understanding of the market adoption of Zero Emission Vehicle, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada), Europe (Germany, France, Italy, Spain, United Kingdom, Norway, Sweden, Denmark, Netherlands and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of APAC), MEA and Rest of World. Asia Pacific constitutes the largest market for the industry with XX million vehicle sales in 2020 owing to the fact that China already accounts for 45% of EVs on road of the world which is 2.3 million & In addition, the number of schemes and incentives are provided by government to promote the growth of ZEV vehicles.

Some of the major players operating in the market include Hyundai, Tesla, BMW, BYD, Daimler, Volkswagen, etc. Several M&A's along with partnerships have been undertaken by these players to boost their presence in different regions. Zero Emission Vehicle Market stood with XX million vehicle sales in 2020 and is projected to expand significantly with a CAGR of XX% from 2021-2027F. Zero Emission Vehicle Market is expected to witness a boost on account of the increasing demand for EV's due to the friendly government policies with various schemes & incentives provided for same across the world.
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Table Of Content

Scope

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Objective of the Study

1.3. Limitation

1.4. Stake Holders

1.5. Currency Used in Report

1.6. Scope of the Zero Emission Vehicle Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Methodology for the Zero Emission Vehicle Market

2.1.1. Main Objective of the Zero Emission Vehicle Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL ZERO EMISSION VEHICLE MARKET COVID-19

6 GLOBAL ZERO EMISSION VEHICLE MARKET REVENUE (# Mn), 2021-2027F

7 MARKET INSIGHTS BY VEHICLE TYPE

7.1. Battery Electric Vehicles (BEV)

7.2. Plug-in Hybrid Electric Vehicles (PHEV)

7.3. Fuel Cell Electric Vehicles (FCEV)

8 MARKET INSIGHTS BY PRODUCT

8.1. Buses

8.2. Trucks

8.3. Cars

8.4. Other Vehicles

9 MARKET INSIGHTS BY APPLICATION

9.1. Commercial Vehicles

9.2. Passenger Vehicles

10 MARKET INSIGHTS BY REGION

10.1. North America Zero Emission Vehicle Market

10.1.1. United States

10.1.2. Canada

10.1.3. Rest of North America

10.2. Europe Zero Emission Vehicle Market

10.2.1. Germany

10.2.2. France

10.2.3. United Kingdom

10.2.4. Norway

10.2.5. Sweden

10.2.6. Denmark

10.2.7. Netherlands

10.2.8. Rest of Europe

10.3. Asia Pacific Zero Emission Vehicle Market

10.3.1. China

10.3.2. Japan

10.3.3. India

10.3.4. South Korea

10.3.5. Rest of Asia Pacific

10.4. MEA Zero Emission Vehicle Market

10.5. Rest of World Zero Emission Vehicle Market

11 GLOBAL ZERO EMISSION VEHICLE MARKET DYNAMICS

11.1. Market Drivers

11.2. Market Challenges

11.3. Impact Analysis

12 ZERO EMISSION VEHICLE MARKET OPPORTUNITIES

13 ZERO EMISSION VEHICLE MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

15.1. Demand Side Analysis

15.2. Supply Side Analysis

15.2.1. Top Product Launches

15.2.2. Top Business Partnerships

15.2.3. Top Business Expansions, Investments and Divestitures

15.2.4. Top Merger and Acquisitions

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

17.1. Porter's Five Forces Analysis

17.1.1. Bargaining power of Supplier

17.1.2. Bargaining power of Buyer

17.1.3. Industry Rivalry

17.1.4. Availability of Substitute

17.1.5. Threat of new Entrants

17.2. Competitive Landscape

17.2.1. Company Shares, By Revenue

18 COMPANY PROFILED

18.1. Hyundai

18.2. BMW

18.3. Tesla Inc.

18.4. BYD Company Ltd.

18.5. Daimler AG

18.6. Volkswagen AG

18.7. Toyota Motor Corporation

18.8. General Motors

19 DISCLAIMER

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Products and Companies


Companies

Hyundai, Tesla, BMW, BYD Company Ltd., Daimler, Volkswagen AG, Toyota Motor Corporation, and General Motors

Company Profile

Company Profile Title

Governments around the world are implementing policies to promote electric vehicles to reduce oil consumption, climate-related emissions, and local air pollution and to stake out an industrial leadership position in the new advanced technology. After a decade of rapid growth, in 2020 the global electric car stock hit the 10 million mark, a 43% increase over 2019, and representing a 1% stock share. Battery electric vehicles (BEVs) accounted for two-thirds of new electric car registrations and two-thirds of the stock in 2020. China, with 4.5 million electric cars, has the largest fleet, though in 2020 Europe had the largest annual increase to reach 3.2 million.

Numerous factors contributed to increased electric car registrations in 2020. Notably, electric cars are gradually becoming more competitive in some countries on a total cost of ownership basis. Several governments provided or extended fiscal incentives that buffered electric car purchases from the downturn in car markets. Worldwide about 370 electric car models were available in 2020, a 40% increase from 2019. China has the widest offering, reflecting its less consolidated automotive sector and that it is the world's largest EV market. But in 2020 the biggest increase in number of models was in Europe where it more than doubled.
However, some of the restraints in the market include Driving range of EV's, lack of charging infrastructure & a few models' availability are some factors impeding the growth of this market all over the world. Based on vehicle type, the market is classified into Battery Electric Vehicles (BEV), Plug-in Hybrid Electric Vehicles (PHEV) and Fuel Cell Electric Vehicles (FCEV). The Battery Electric Vehicles (BEV) segment accounted XX million vehicles sales in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach XX million vehicle sales by 2027 since it is offered in most vehicle segments in all regions.

Based on application type, the market is segmented into Commercial Vehicles & Passenger Vehicles. The Passenger Vehicles segment grabbed XX% market share of the Zero Emission Vehicle Market with the sales of XX million vehicles in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach XX million vehicle sales by 2027 owing to the increased demand due to initiatives offered by the governments across the world.Based on product type, the market is segmented into Buses, Trucks, cars & other vehicles. In 2020, the cars segment dominated the Zero Emission Vehicle Market and accounted for XX% market share. This segment will witness a considerable CAGR of XX% during the forecast period (2021-2027F) owing to the significant demand & production targets of OEM's across the world.
 
For a better understanding of the market adoption of Zero Emission Vehicle, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada), Europe (Germany, France, Italy, Spain, United Kingdom, Norway, Sweden, Denmark, Netherlands and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of APAC), MEA and Rest of World. Asia Pacific constitutes the largest market for the industry with XX million vehicle sales in 2020 owing to the fact that China already accounts for 45% of EVs on road of the world which is 2.3 million & In addition, the number of schemes and incentives are provided by government to promote the growth of ZEV vehicles.

Some of the major players operating in the market include Hyundai, Tesla, BMW, BYD, Daimler, Volkswagen, etc. Several M&A's along with partnerships have been undertaken by these players to boost their presence in different regions. Zero Emission Vehicle Market stood with XX million vehicle sales in 2020 and is projected to expand significantly with a CAGR of XX% from 2021-2027F. Zero Emission Vehicle Market is expected to witness a boost on account of the increasing demand for EV's due to the friendly government policies with various schemes & incentives provided for same across the world.
READ MORE

Scope

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Objective of the Study

1.3. Limitation

1.4. Stake Holders

1.5. Currency Used in Report

1.6. Scope of the Zero Emission Vehicle Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Methodology for the Zero Emission Vehicle Market

2.1.1. Main Objective of the Zero Emission Vehicle Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL ZERO EMISSION VEHICLE MARKET COVID-19

6 GLOBAL ZERO EMISSION VEHICLE MARKET REVENUE (# Mn), 2021-2027F

7 MARKET INSIGHTS BY VEHICLE TYPE

7.1. Battery Electric Vehicles (BEV)

7.2. Plug-in Hybrid Electric Vehicles (PHEV)

7.3. Fuel Cell Electric Vehicles (FCEV)

8 MARKET INSIGHTS BY PRODUCT

8.1. Buses

8.2. Trucks

8.3. Cars

8.4. Other Vehicles

9 MARKET INSIGHTS BY APPLICATION

9.1. Commercial Vehicles

9.2. Passenger Vehicles

10 MARKET INSIGHTS BY REGION

10.1. North America Zero Emission Vehicle Market

10.1.1. United States

10.1.2. Canada

10.1.3. Rest of North America

10.2. Europe Zero Emission Vehicle Market

10.2.1. Germany

10.2.2. France

10.2.3. United Kingdom

10.2.4. Norway

10.2.5. Sweden

10.2.6. Denmark

10.2.7. Netherlands

10.2.8. Rest of Europe

10.3. Asia Pacific Zero Emission Vehicle Market

10.3.1. China

10.3.2. Japan

10.3.3. India

10.3.4. South Korea

10.3.5. Rest of Asia Pacific

10.4. MEA Zero Emission Vehicle Market

10.5. Rest of World Zero Emission Vehicle Market

11 GLOBAL ZERO EMISSION VEHICLE MARKET DYNAMICS

11.1. Market Drivers

11.2. Market Challenges

11.3. Impact Analysis

12 ZERO EMISSION VEHICLE MARKET OPPORTUNITIES

13 ZERO EMISSION VEHICLE MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

15.1. Demand Side Analysis

15.2. Supply Side Analysis

15.2.1. Top Product Launches

15.2.2. Top Business Partnerships

15.2.3. Top Business Expansions, Investments and Divestitures

15.2.4. Top Merger and Acquisitions

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

17.1. Porter's Five Forces Analysis

17.1.1. Bargaining power of Supplier

17.1.2. Bargaining power of Buyer

17.1.3. Industry Rivalry

17.1.4. Availability of Substitute

17.1.5. Threat of new Entrants

17.2. Competitive Landscape

17.2.1. Company Shares, By Revenue

18 COMPANY PROFILED

18.1. Hyundai

18.2. BMW

18.3. Tesla Inc.

18.4. BYD Company Ltd.

18.5. Daimler AG

18.6. Volkswagen AG

18.7. Toyota Motor Corporation

18.8. General Motors

19 DISCLAIMER

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

INQUIRE FOR COVID-19 IMPACT ANALYSIS


Companies

Hyundai, Tesla, BMW, BYD Company Ltd., Daimler, Volkswagen AG, Toyota Motor Corporation, and General Motors