New Energy Vehicles Market

Market Insights

New energy vehicles (NEVs) encompass various automotive four-wheelers and two-wheelers that make use of an alternative fuel source as opposed to conventional oil and gas. The new energy vehicles make use of electric motors, which can run on electricity either stored in a battery, generated during braking and general running, or created using a hydrogen fuel cell. Furthermore, depending on the product offering, these vehicles can be standalone or hybrid. Thereby, these vehicles can be classified into battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and fuel cell electric vehicles (FCEVs). BEVs are essentially vehicles that only run on an electric motor powered by electricity stored in a large battery cell in the vehicle.

Thereby, these vehicles offer a long driving range with practically zero emissions, and they can be charged at various public charging stations or at home. PHEVs combine the advantages of a traditional combustion engine with an additional electric motor. The electric motor in the PHEVs is powered by a battery, which gets charged during the general running and braking of the vehicle; additionally, the battery can be charged separately for long runs. FCEVs use the same electric motors as BEVs; however, they differ in terms of how they generate electricity. The FCEVs make use of fuel cells, which are filled with hydrogen and combine with atmospheric oxygen to produce electricity and water as a byproduct. These vehicles can be easily charged at hydrogen fueling stations and offer a similar driving range as BEVs.

Rising environmental concerns and a growing demand for pollution-free and energy-efficient transportation solutions have led to increasing demand for new energy vehicles across the world. Some of the leading markets across the world have witnessed a growing demand for various types of NEVs, such as passenger cars, buses, industrial vehicles, scooters, and other low-velocity neighborhood cars, golf carts, and personal mobility vehicles, among others.

Depending on various government initiatives and existing infrastructure, these types of vehicles have witnessed a varied rate of adoption in different countries. However, with increasing investments in new energy vehicle production and favorable government policies, the overall NEV market is expected to witness significant growth during the forecast period.

The report titled “Global New Energy Vehicles Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025” offers strategic insights into the global new energy vehicles market along with the market size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of multiple market segments based on energy type and vehicle type and a cross-sectional study across different geographies and sub-geographies.

The study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. In addition, the report covers a section providing production trends and sales in some of the major markets.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading providers of new energy vehicles, market positioning, and key developments. Some of the major players profiled in the report are Renault-Nissan Alliance, Mitsubishi Motors Corporation, General Motors Company, Toyota Motor Corporation, Ford Motor Company, BMW Group, Zhejiang Geely Holding Group Co., Ltd., BAIC Motor Corporation, Ltd., Volkswagen Group, BYD Auto Co., Ltd., Tesla, Inc., SAIC Motor Corporation Limited, China Anhui Jianghuai Automobile Co., Ltd. (JAC Motors), Motrec International, Inc., Taylor-Dunn Manufacturing Company, Karrimor EV, and Bradshaw Electric Vehicles.

Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the new energy vehicle industry
• Market fuelers, market impediments, and their impact on market growth
• in-depth competitive environment analysis
• Trailing 2-year market size data (2015–2016)
• SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global new energy vehicle market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

The global new energy vehicle (NEV) market is segmented, based on energy type, into the following categories:

• Battery Electric Vehicles (BEVs)
• Plug-in Hybrid Electric Vehicles (PHEVs)
• Fuel Cell Electric Vehicles (FCEVs)

In 2016, the battery electric vehicles (BEVs) segment was the largest contributor in the global new energy vehicles (NEV) market in terms of both production and sales revenue. The BEVs are widely used in various applications, such as general commutes, warehouse operations, handling, and neighborhood transport. Thereby, the BEV segment is expected to maintain its dominance throughout the forecast period from 2017 to 2025.

On account of ongoing technological advancements in fuel cell technology, fuel cell electric vehicles (FCEVs) are expected to witness the fastest growth. Despite immense growth during the forecast period, the FCEVs segment is not expected to have a significant impact as compared to the BEVs and PHEVs segments in the overall NEVs market.

The global new energy vehicles (NEVs) market has been segmented on the basis of geographical regions, as per the following regions and countries:

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

In 2016, Asia Pacific dominated the overall new energy vehicle (NEV) market across the world. The segment contributed to more than half of the total revenue generated globally in 2016. With the increasing demand for energy-efficient vehicles with near-zero emissions in China, the overall Asia-Pacific market is expected to witness tremendous growth during the forecast period despite being the largest market currently.

Europe and North America followed Asia Pacific in the overall NEV market in terms of revenue in 2016. With ongoing charging station installations in key countries such as the United States, United Kingdom, Germany, and France, among others, these regions are expected to see increased adoption of NEVs in the coming years.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global New Energy Vehicles (NEVs) Market
2.2 Global New Energy Vehicles (NEVs) Market, By Energy Type
2.3 Global New Energy Vehicles (NEVs) Market, By Vehicle Type
2.4 Global New Energy Vehicles (NEVs) Market, By Geography

Chapter 3 Market Dynamics
3.1 Product Insights and Market Overview
3.1.1 Global New Energy Vehicles (NEVs) Market Revenue and Growth, 2015 – 2025, (US$ Bn) (Y-o-Y %)
3.2 Key Market Trends and Future Outlook
3.3 Market Drivers
3.4 Market Growth Inhibitors
3.4.1 Impact Analysis of Drivers and Restraints
3.5 Attractive Investment Proposition
3.6 Competitive Analysis
3.6.1 Market Positioning of Key Vendors
3.6.2 Key Strategies adopted by the Leading Players

Chapter 4 Global New Energy Vehicles (NEVs) Market Analysis, by Energy Type
4.1 Market Analysis
4.2 Battery Electric Vehicle (BEVs)
4.3 Plug-in Hybrid Electric Vehicles (PHEVs)
4.4 Fuel Cell Electric Vehicle (FCEVs)

Chapter 5 Global New Energy Vehicles (NEVs) Market Analysis, by Vehicle Type
5.1 Market Analysis
5.2 Passenger Cars
5.3 Buses
5.4 Industrial Vehicles
5.5 Scooters
5.6 Others (Low-velocity Golf Carts, Personal Mobility Vehicles, Neighborhood Cars etc.)

Chapter 6 North America New Energy Vehicles (NEVs) Market Analysis
6.1 Overview
6.2 North America New Energy Vehicles (NEVs) Market Analysis, By Energy Type, 2015 – 2025
6.2.1 Market Analysis
6.3 North America New Energy Vehicles (NEVs) Market Analysis, By Vehicle Type, 2015 – 2025
6.3.1 Market Analysis
6.4 North America New Energy Vehicles (NEVs) Market Analysis, By Region, 2015 – 2025
6.4.1 U.S.
6.4.2 Rest of North America

Chapter 7 Europe New Energy Vehicles (NEVs) Market Analysis
7.1 Overview
7.2 Europe New Energy Vehicles (NEVs) Market Analysis, By Energy Type, 2015 – 2025
7.2.1 Market Analysis
7.3 Europe New Energy Vehicles (NEVs) Market Analysis, By Vehicle Type, 2015 – 2025
7.3.1 Market Analysis
7.4 Europe New Energy Vehicles (NEVs) Market Analysis, By Region, 2015 – 2025
7.4.1 U.K.
7.4.2 Germany
7.4.3 France
7.4.4 Rest of Europe

Chapter 8 Asia Pacific New Energy Vehicles (NEVs) Market Analysis
8.1 Overview
8.2 Asia Pacific New Energy Vehicles (NEVs) Market Analysis, By Energy Type, 2015 – 2025
8.2.1 Market Analysis
8.3 Asia Pacific New Energy Vehicles (NEVs) Market Analysis, By Vehicle Type, 2015 – 2025
8.3.1 Market Analysis
8.4 Asia Pacific New Energy Vehicles (NEVs) Market Analysis, By Region, 2015 – 2025
8.4.1 China
8.4.2 Japan
8.4.3 Rest of Asia Pacific

Chapter 9 Rest of the World (RoW) New Energy Vehicles (NEVs) Market Analysis
9.1 Overview
9.2 RoW New Energy Vehicles (NEVs) Market Analysis, By Energy Type, 2015 – 2025
9.2.1 Market Analysis
9.3 RoW New Energy Vehicles (NEVs) Market Analysis, By Vehicle Type, 2015 – 2025
9.3.1 Market Analysis
9.4 RoW New Energy Vehicles (NEVs) Market Analysis, By Region, 2015 – 2025
9.4.1 Middle East & Africa (MEA)
9.4.2 Latin America

Chapter 10 Company Profiles
10.1 Renault-Nissan Alliance
10.2 Mitsubishi Motors Corporation
10.3 General Motors Company
10.4 Toyota Motor Corporation
10.5 Ford Motor Company
10.6 BMW Group
10.7 Zhejiang Geely Holding Group Co., Ltd.
10.8 BAIC Motor Corporation, LTD.
10.9 Volkswagen Group
10.10 BYD Auto Co., Ltd.
10.11 Tesla, Inc.
10.12 SAIC Motor Corporation Limited
10.13 China Anhui Jianghuai Automobile Co., Ltd. (JAC Motors)
10.14 Motrec International, Inc.
10.15 Taylor-Dunn Manufacturing Company
10.16 Karrior EV
10.17 Bradshaw Electric Vehicles

List of Figures

FIG. 1 Global New Energy Vehicles (NEVs): Market Segmentation
FIG. 2 Global New Energy Vehicles (NEVs) Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global New Energy Vehicles (NEVs) Market, By Energy Type, 2016 (US$ Bn)
FIG. 5 Global New Energy Vehicles (NEVs) Market, By Vehicle Type, 2016 (US$ Bn)
FIG. 6 Global New Energy Vehicles (NEVs) Market, By Geography, 2016 (US$ Bn)
FIG. 7 Global New Energy Vehicles (NEVs) Market Revenue and Growth, 2015 – 2025, (US$ Bn) (Y-o-Y %)
FIG. 8 Attractive Investment Proposition
FIG. 9 Market Positioning of Key New Energy Vehicles (NEVs) Vendors, 2016
FIG. 10 Global New Energy Vehicles (NEVs) Market Revenue Contribution, By Energy Type, 2016 & 2025 (Value %)
FIG. 11 Global Battery Electric Vehicles (BEVs) Market Revenue, 2015 – 2025, (US$ Bn)
FIG. 12 Global Plug-in Hybrid Electric Vehicles (PHEVs) Market Revenue, 2015 – 2025, (US$ Bn)
FIG. 13 Global Fuel Cell Electric Vehicle (FCEVs) Market Revenue, 2015 – 2025, (US$ Bn)
FIG. 14 Global New Energy Vehicles (NEVs) Market Revenue Contribution, By Vehicle Type, 2016 & 2025 (Value %)
FIG. 15 Global New Energy Vehicles (NEVs) Market Revenue from Passenger Cars, 2015 – 2025 (US$ Bn)
FIG. 16 Global New Energy Vehicles (NEVs) Market Revenue from Buses, 2015 – 2025 (US$ Bn)
FIG. 17 Global New Energy Vehicles (NEVs) Market Revenue from Industrial Vehicles, 2015 – 2025 (US$ Bn)
FIG. 18 Global New Energy Vehicles (NEVs) Market Revenue from Scooters, 2015 – 2025 (US$ Bn)
FIG. 19 Global New Energy Vehicles (NEVs) Market Revenue from Others, 2015 – 2025 (US$ Bn)
FIG. 20 North America New Energy Vehicles (NEVs) Market Revenue, 2015 – 2025, (US$ Bn)
FIG. 21 Europe New Energy Vehicles (NEVs) Market Revenue, 2015 – 2025, (US$ Bn)
FIG. 22 Asia Pacific New Energy Vehicles (NEVs) Market Revenue, 2015 – 2025, (US$ Bn)
FIG. 23 RoW New Energy Vehicles (NEVs) Market Revenue, 2015 – 2025, (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global New Energy Vehicles (NEVs) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America New Energy Vehicles (NEVs) Market Revenue, By Energy Type, 2015 – 2025 (US$ Bn)
TABLE 5 North America New Energy Vehicles (NEVs) Market Revenue, By Vehicle Type, 2015 – 2025 (US$ Bn)
TABLE 6 Europe New Energy Vehicles (NEVs) Market Revenue, By Energy Type, 2015 – 2025 (US$ Bn)
TABLE 7 Europe New Energy Vehicles (NEVs) Market Revenue, By Vehicle Type, 2015 – 2025 (US$ Bn)
TABLE 8 Asia Pacific New Energy Vehicles (NEVs) Market Revenue, By Energy Type, 2015 – 2025 (US$ Bn)
TABLE 9 Asia Pacific New Energy Vehicles (NEVs) Market Revenue, By Vehicle Type, 2015 – 2025 (US$ Bn)
TABLE 10 RoW New Energy Vehicles (NEVs) Market Revenue, By Energy Type, 2015 – 2025 (US$ Bn)
TABLE 11 RoW New Energy Vehicles (NEVs) Market Revenue, By Vehicle Type, 2015 – 2025 (US$ Bn)
TABLE 12 Renault-Nissan Alliance: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
TABLE 13 Mitsubishi Motors Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
TABLE 14 General Motors Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
TABLE 15 Toyota Motor Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
TABLE 16 Ford Motor Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
TABLE 17 BMW Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
TABLE 18 Zhejiang Geely Holding Group Co., Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
TABLE 19 BAIC Motor Corporation, LTD.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
TABLE 20 Volkswagen Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
TABLE 21 BYD Auto Co., Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
TABLE 22 Tesla, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
TABLE 23 SAIC Motor Corporation Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
TABLE 24 China Anhui Jianghuai Automobile Co., Ltd. (JAC Motors): Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
TABLE 25 Motrec International, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
TABLE 26 Taylor-Dunn Manufacturing Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
TABLE 27 Karrior EV: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)
TABLE 28 Bradshaw Electric Vehicles: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, Recent Developments)