The global electric car market size was worth around USD 387.41 billion in 2023 and is predicted to grow to around USD 1210.98 billion by 2032 with a compound annual growth rate (CAGR) of roughly 13.50% between 2024 and 2032.
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The electric car market is estimated and analysed in this paper at national, regional, and worldwide levels. The study offers historical data from 2018 to 2022 together with a revenue-based estimate from 2024 to 2032 (USD Billion). Evaluation of the electric car industry offers thorough understanding of the market drivers and constraints together with their worldwide influence.
The paper offers a thorough examination of the tactics used by main rivals in the electric car market. Furthermore included is a study of Porter’s Five Forces model to grasp the competitive scene in the market for electric cars. Comprising a market attractiveness analysis, the research report benchmarks technology, battery, product, end-user, and regional sectors based on their market size and growth rate.
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The Global Electric Car Market is segmented based on product, application and region
Global Electric Car Market: Product Segment Analysis
● Hatchback
● Sedan
● SUV
● Others
Global Electric Car Market: Application Segment Analysis
● Shared Mobility Providers
● Government Organizations
● Personal Users
● Others
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The Global Electric Car market profiles key players such as:
● Tesla Inc.
● Daimler AG
● Bayerische Motoren Werke AG
● Toyota Motor Corporation
● Volkswagen AG
● Ford Motor
● BYD Auto Co. Ltd.
● Nissan Motor Co. Ltd.
● Energica Motor Company S.p.A.
● General Motors
The Middle East and Africa, North America, Asia Pacific, Latin America, and Europe together make up the regional segmentation including past, present, and projected demand. Among others, the regional section is further broken up as the United States, Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina.
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