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New Energy Vehicles Market By Electric Vehicles (EVs): Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), Fuel Cell Electric Vehicles (FCEVs) By Hybrid Vehicles: (Hybrid Electric Vehicles (HEVs), Micro-Hybrid Vehicles, Full Hybrid Vehicles) By Energy Source: (Battery Electric Vehicles (BEVs), Fuel Cell Electric Vehicles (FCEVs), Plug-in Hybrid Electric Vehicles (PHEVs) By Vehicle Type: (Passenger Cars, Commercial Vehicles, Two-Wheelers, Specialty Vehicles) By Energy Type (Battery Electric Vehicle, Plug-In Hybrid Electric Vehicles, Fuel Cell Electric Vehicle), By Vehicle Type (Passenger Cars, Buses, Industrial Vehicles, Scooters) – Growth, Future Prospects And Competitive Analysis 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2019-2022
Base Year	2023
Forecast Period	2024-2032
New Energy Vehicles Market Size 2023	USD 45,2451.2 Million
New Energy Vehicles Market, CAGR	23.20%
New Energy Vehicles Market Size 2032	USD 29,58,476.4 Million

Market Insights

The global demand for New Energy Vehicles was valued at USD 45,2451.2 Million in 2023 and is expected to reach USD 29,58,476.4 Million in 2032, growing at a CAGR of 23.20% between 2024 and 2032.
Battery Electric Vehicles (BEVs) led the global market, and the PHEV is expected to see the fastest CAGR of around 43.5%.
Full Hybrid Vehicles are currently the most popular sector, with Hybrid Electric Vehicles (HEVs) being the fastest-growing component of the New Energy Vehicles Market.
In 2023, Battery Electric Vehicles (BEVs) are now in great demand, while Plug-in Hybrid Electric Vehicles (PHEVs) have a significant market share. Fuel Cell Electric Vehicles (FCEVs) are also gaining popularity in the market.
The passenger vehicle segment dominated the electric vehicle market in 2023, with light commercial vehicles predicted to increase at the quickest CAGR.
In 2023, the Asia-Pacific region dominated the EV market and is forecasted to have the highest CAGR, while North America is projected to have the second-largest market share. Europe is also expected to have continuous market expansion.
EV Cost Decrease Drives Market Growth.
The lack of a universal charger and ecosystem impedes market expansion

Executive Summary

Market Definition

The global market for new energy cars includes vehicles that use alternative energy sources instead of or in addition to traditional internal combustion engines. These cars include EVs, HEVs, PHEVs, and FCVs. Moreover, the Chinese government invented the phrase “New Energy Vehicle” to refer to electric automobiles. These vehicles are either partially or completely powered by electricity. New energy cars rely on electric motors that require a steady supply of energy from batteries. It operates using unconventional fuel as its power source, with innovative technologies integrated. They are primarily intended to address the shortcomings of conventional automobiles. In comparison to typical automobiles, these vehicles emit zero or minimal levels of carbon dioxide or other pollutants.

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Market Overview

The global New Energy Vehicles market has witnessed steady growth in recent years and is expected to grow at a CAGR of 23.20% between 2024 and 2032. The market was valued at USD 45,2451.2 million in 2023 and is expected to reach USD 29,58,476.4 million in 2032.

The New Energy Vehicles Market has been witnessing astounding growth due to growing environmental concerns, hence coming with government incentives and technological uptick. Rising awareness of climate change and its mitigation by reducing GHG through transport drove interest in electric vehicles and other clean energy transport alternatives. Government policies to incentivize electric vehicle adoption through subsidies, tax incentives, and toughened emission norms also fueled the market growth. Besides, in the past decade, technologies pertaining to batteries, charging facilities, and ranges have been greatly improved, thereby making new energy vehicles more marketable and viable.

Challenges include high up-front costs, limited charging infrastructure, range anxiety, and constraints to do with battery technology. EVs are still, comparatively, more expensive than traditional ICE vehicles to be adopted by the masses. Moreover, the lack of widespread infrastructure for recharging and apprehensions about the range of EVs in the market work against consumer acceptance. These challenges will have to be very well addressed by technological innovations and infrastructure development, with supportive policies for endorsing the sustained growth of the New Energy Vehicles Market.

Segmentation by Electric Vehicles (EVs)

Battery Electric Vehicles (BEVs) dominated the global market, accounting for more than 67.7% of total revenue in 2023. The BEV’s tremendous rise is primarily due to the potential benefits given, including as control over greenhouse gas (GHG) emissions, energy security issues, and control over local pollutants.
The BEV has a higher cost than the PHEV. The PHEV is predicted to experience the quickest CAGR of roughly 43.5% owing to various benefits over BEV, including low battery cost with lower battery capacity and more extended driving range because they are equipped with liquid fuel tanks and internal combustion engines.

Segmentation by Hybrid Vehicles

Full Hybrid Vehicles are currently the most popular sector due to their advanced technology and a higher level of electrification compared to Micro Hybrid Vehicles and Hybrid Electric Vehicles (HEVs). Full hybrid vehicles may function on electric power alone for short distances, resulting in lower fuel consumption and pollutants.
Hybrid Electric Vehicles (HEVs) are the fastest-growing segment of the New Energy Vehicles Market. HEVs combine an internal combustion engine and an electric motor to increase fuel efficiency and lower pollutants.

Segmentation by Energy Source

In 2023, Battery Electric Vehicles (BEVs) are currently in high demand due to their pure electric engine, low emissions, and growing charging infrastructure. BEVs are popular among consumers looking for environmentally friendly transportation alternatives that do not rely on fossil fuels.
Plug-in Hybrid Electric Vehicles (PHEVs) have a substantial market share in the New Energy Vehicles Market. PHEVs combine electric and internal combustion engine power, providing greater flexibility and range than BEVs.
Fuel Cell Electric Vehicles (FCEVs) are also gaining popularity in the market, albeit with a lower market share than BEVs and PHEVs.

Segmentation by Vehicle Type

The passenger vehicle sector dominated the electric vehicle market in 2023, accounting for the majority of revenue, owing to substantial government backing for electric passenger cars in various countries.
During the projection period, light commercial vehicles are expected to grow at the fastest CAGR. The surge in demand for electric cars to reduce line emigrations, tight government rules and regulations governing vehicle emigration, and increased consumer awareness of electric vehicles’ role in reducing emigration all contribute significantly to this segment’s exponential growth.

Segmentation by Region

The Asia-Pacific region dominated the EV market in 2023 and is predicted to have the highest CAGR.
North America is projected to have the second-largest market share, and Europe is also expected to have continuous market expansion.
The rest of the world, including Latin America, the Middle East, and Africa, supplies the remaining demand for New Energy Vehicles.

The Asia Pacific region dominated the EV market in 2023 and is expected to have the greatest CAGR among other geographies during the forecast period. According to predictions, China will have the largest market share for electric vehicles in the Asia-Pacific area by 2023, followed by India and Japan. China’s substantial market share is primarily due to the country’s extensive government backing and construction of charging infrastructure for electric vehicles, as well as advances in new energy electric vehicle quality and an increase in charging station capacity.

Moreover, North America is predicted to have the second-largest market share due to various government advancements and the presence of significant important players. Europe is also predicted to see consistent market growth due to strong safety standards in the region.

Key Highlights of the Report

The global New Energy Vehicles market is segmented by Electric Vehicles (EVs), Hybrid Vehicles, Energy Sources, Vehicle Type, and region. The passenger vehicle category dominated the electric vehicle market in 2023, with Battery Electric Vehicles (BEVs) now in high demand. Furthermore, the PHEV is predicted to have the quickest CAGR, while Fuel Cell Electric Vehicles (FCEVs) are gaining popularity in the market, with Asia Pacific leading the market growth.

Increasing environmental concerns, government incentives and policies, and technological improvements are the primary market drivers. Furthermore, the market’s primary issues are high initial costs, limited charging infrastructure, and range anxiety. The market’s primary opportunities include technological advances, infrastructure development, and supportive legislation.

Nonetheless, The Asia Pacific region dominated the EV market in 2023 and is predicted to have the highest CAGR among all geographies throughout the forecast period. Furthermore, North America is expected to have the second-largest market share as a result of several government initiatives and the presence of substantial key players. Europe is also expected to experience steady market growth due to the region’s high safety requirements.

What Are The Main Drivers Of The Global New Energy Vehicles Market?

The New Energy Vehicles Market is primarily driven by rising environmental concerns, with a greater emphasis on lowering greenhouse gas emissions and supporting sustainable transportation alternatives. Government incentives and policies play a critical role in advancing the adoption of electric vehicles by providing subsidies, tax breaks, and harsher emission restrictions to motivate customers and manufacturers. Furthermore, ongoing scientific breakthroughs in battery technology, charging infrastructure, and overall vehicle performance are increasing the appeal and viability of new energy vehicles.

What Are The Major Challenges Faced By The Global New Energy Vehicles Market?

Despite the market’s expansion, various barriers prevent widespread adoption of New Energy Vehicles. The high initial prices remain a substantial barrier, discouraging some buyers from switching to electric vehicles. The scarcity of charging infrastructure creates obstacles, reducing the convenience and practicality of electric vehicle ownership. Furthermore, range anxiety, or the worry of running out of battery charge before reaching a charging station, is a significant issue among prospective electric vehicle customers, influencing their purchasing decisions.

What Are The Growth Opportunities In The Global New Energy Vehicles Market?

Despite the limitations, the New Energy Vehicles Market offers numerous potential for expansion and development. Technological advances in battery technology, lightweight materials, and energy efficiency provide opportunities to improve the performance and affordability of electric cars. Infrastructure improvements, such as expanding charging networks and introducing fast-charging solutions, can greatly improve the accessibility and convenience of using electric vehicles.

Market Drivers

EV Cost Decrease

Battery packs, which account for a significant amount of the manufacturing expenses of electric vehicles, have become more affordable over time. Over the course of a decade, the average price of lithium-ion battery packs plummeted by 89% from $1,200 per kWh to $132 per kWh (by 2021). This pricing is near the $100 per kWh threshold, which would allow electric vehicles to be priced comparably to those powered by internal combustion engines. In addition, between 2020 and 2021, the average price of new cars climbed by 2.2%, while the cost of EVs decreased by 10.8%. This electrification trend clearly indicates the future of internal combustion engine (ICE) vehicles as well as its electric counterparts. As a result, EV consumption has increased globally. As prices fall, the market for electric vehicles is expected to grow in the near future.

Market Restraints

Lack of a universal charger and ecosystem

Setting up a decent charging environment becomes increasingly complicated since each electric vehicle manufacturer has its own charging outlet. Similarly, many EV owners are concerned about facing moral ramifications for fueling their vehicles at charging stations operated by multiple EV manufacturers, which could have an influence on the EV industry’s growth. Lack of uniformity is a challenge for the electric car industry because it affects the market’s present and future. Because no single charging station can accommodate all electric vehicles, each electric scooter has its own charging outlet. This affects the charging station infrastructure. In addition, the necessity for additional uniformity reduces the population’s EV adoption rate.

Opportunities

Increasing government investment in charging infrastructure for heavy duty vehicles (HDVs)

Globally, governments are taking the initiative to strengthen plans and initiatives for rapid charging infrastructure development. Several investments are being made around the world to expand commercial charging support for HDVs. California, for example, and a few other US regions are pushing the creation of the infrastructure required for electric HDVs via direct investment. The California Energy Commission (CEC) has provided more than USD 125 million to build the largest hydrogen refueling network in North America, with the goal of establishing 200 stations by 2025. Until 2020, investments were mostly concentrated on LDV refueling infrastructure. Later in December 2020, a plan was approved to invest up to USD 115 million further in hydrogen refueling infrastructure, including fueling for medium- and heavy-duty trucks. Thus, the government’s actions will open up attractive chances for the electric vehicle business.

Competitive Landscape

Key Players

The global New Energy Vehicles market is highly competitive, with several key players. Some of the major players in the market and their market share are as follows:

Toyota Kirloskar Motor (India)
Nissan (Japan)
Tesla (U.S.)
Mitsubishi Electric Corporation (Japan)
General Motors (U.S.)
Ford Motor Company (U.S.)
BMW AG (Germany)
Renault (France)
AB Volvo (Sweden)
Daimler AG (Germany)
Volkswagen (Germany)
Honda Motor Company (Japan)
Fiat Automobiles (Italy)
BYD Company Ltd (China)
CHERY (China)
Others

These organizations prioritize product innovation, distribution channel expansion, and mergers and acquisitions to stay competitive.

The global New Energy Vehicles market’s key players continually seek to stay ahead by offering new products and developments.

In February 2022, Alfa Romeo, an Italian car manufacturer, just debuted its first electric vehicle, the Alfa Romeo Tonale, which is a Plug-in Hybrid Electric Vehicle. The new model is the first addition to the company’s electric car line and the first electrified model. The automobile is scheduled to be released in 2023.

In February 2022, KIA has introduced the 2023 Sportage PHEV. The vehicle includes advanced driving assistance systems (ADAS) and a live stream blind spot vision monitor.

How are Companies Performing in the New Energy Vehicles Market

Companies in the field of New Energy Vehicles have advanced dramatically in recent years. They are committed to sustainability and are working to build electric vehicles that will significantly cut carbon emissions, contributing to a cleaner world. These firms are making significant investments in research and development to advance battery technology, increase vehicle range, and improve charging infrastructure. Companies in this industry not only seek to meet expanding consumer demand for green mobility products, but they also play an important part in creating a greener future for the world by lowering carbon emissions and promoting sustainability. Their sustainability innovations and efforts have sparked a transformation in the automotive sector, paving the way for a more environmentally conscious future.

Summary of Key Findings

Increasing government investment in charging infrastructure for heavy-duty vehicles.
Market segmented by Electric Vehicles (EVs), Hybrid vehicles, Energy Sources, Vehicle Type, and region.
In 2023, the passenger vehicle sector dominated the electric vehicle market.
Full Hybrid Vehicles (FHVs) are now the most popular sector.
Asia Pacific is leading market growth; the market is highly competitive with key players including Toyota Kirloskar Motor (India), Nissan (Japan), Tesla (U.S.), Mitsubishi Electric Corporation (Japan) and Others.

Future Outlook

Increased use of electric vehicles
Expanding the charging infrastructure
Advancements in battery technology.
Increased investments in sustainable transportation
Developing more inexpensive electric vehicle types.

How CXOs Can Benefit from the Credence Research New Energy Vehicles Market Report

The Credence Research New Energy Vehicles Market Report provides CXOs with a comprehensive overview of the market, including:

Market size and growth forecast:The report provides detailed estimates of the global New Energy Vehicles market size, segmented by Electric Vehicles (EVs), Hybrid Vehicles, Energy Source, Vehicle Type, and region. It also includes forecasts for the market through 2032 based on key trends and drivers.
Market segmentation:The report segments the New Energy Vehicles market by Electric Vehicles (EVs), Hybrid Vehicles, Energy Source, Vehicle Type, and region. This segmentation provides CXOs with a granular understanding of the market and the opportunities in each segment.
Competitive Landscape:The report profiles the key players in the New Energy Vehicles market and provides insights into their strategies, product offerings, and financial performance. This information can help CXOs to identify and assess their competition.
Key trends and drivers:The report identifies and analyzes the key trends and drivers that are shaping the New Energy Vehicles market. This information can help CXOs to make informed decisions about their investments and strategies.

CXOs can use the insights from the Credence Research New Energy Vehicles Market Report to:

Identify growth opportunities:The report can help CXOs identify new growth opportunities in the New Energy Vehicles market. For example, it can highlight emerging trends such as increased consumer demand for electric vehicles, advancements in battery technology, government incentives for green transportation, and the expansion of charging infrastructure.
Make informed investment decisions:The report can help CXOs make informed investment decisions about New Energy Vehicles. For example, the report may highlight the increasing adoption of New Energy Vehicles in various industries, the projected market growth rate, key players in the market, and regulatory factors affecting the industry
Develop competitive strategies:The report can help CXOs develop competitive strategies for their New Energy Vehicles businesses. For example, the report may offer information on innovative use cases for New Energy Vehicles, potential partnerships or collaborations with other industry players, and strategies to differentiate products or services in the market.
Track market developments:The report can help CXOs track market developments and stay ahead of the curve. For example, the report provides insights into the latest trends and innovations in the New Energy Vehicles market.

Overall, the Credence Research New Energy Vehicles Market Report is a valuable resource for CXOs who are looking to gain a deeper understanding of the market and identify opportunities for growth.

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Segmentation

Electric Vehicles (EVs):
- Battery Electric Vehicles (BEVs)
- Plug-in Hybrid Electric Vehicles (PHEVs)
- Fuel Cell Electric Vehicles (FCEVs)
Hybrid Vehicles:
- Hybrid Electric Vehicles (HEVs)
- Micro-Hybrid Vehicles
- Full Hybrid Vehicles
Energy Source:
- Battery Electric Vehicles (BEVs)
- Fuel Cell Electric Vehicles (FCEVs)
- Plug-in Hybrid Electric Vehicles (PHEVs)
Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- Two-Wheelers
- Specialty Vehicles
By Region
- North America
  - US
  - Canada
  - Mexico
- 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
  - Argentina
  - Rest of Latin America
- Middle East & Africa
  - GCC Countries
  - South Africa
  - Rest of Middle East and Africa

Adjacent Markets

In the New Energy Vehicles market, there are several adjacent markets which have high revenue growth opportunities. The key adjacent markets for New Energy Vehicles market –

Adjacent Markets
Renewable Energy Market	Smart Grid Market	Battery Technology Market
Electric Vehicle Charging Infrastructure Market	Sustainable Transportation Market	Electric Vehicle Components Market
Energy Storage Market	Clean Energy Market	Solar Energy Market

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 Introduction

2. Executive Summary

2.1. Market Snapshot: Global New Energy Vehicles Market

2.1.1. Global New Energy Vehicles Market, By Electric Vehicles (EVs)

2.1.2. Global New Energy Vehicles Market, By Hybrid Vehicles

2.1.3. Global New Energy Vehicles Market, By Energy Source

2.1.4. Global New Energy Vehicles Market, By Vehicle Type

2.1.5. Global New Energy Vehicles Market, By Region

2.2. Insights from Primary Respondents

3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global New Energy Vehicles Market Value, 2019-2032, (US$ Mn)

3.1.2. Y-o-Y Growth Trend Analysis

3.2. Market Dynamics

3.2.1. New Energy Vehicles Market Drivers

3.2.2. New Energy Vehicles Market Restraints

3.2.3. New Energy Vehicles Market Opportunities

3.2.4. Major New Energy Vehicles Industry Challenges

3.3. Growth and Development Patterns

3.4. Investment Feasibility Analysis

3.5. Market Opportunity Analysis

3.5.1. Electric Vehicles (EVs)

3.5.2. Hybrid Vehicles

3.5.3. Energy Source

3.5.4. Vehicle Type

3.5.5. Geography

4. Market Competitive Landscape Analysis

4.1. Company Market Share Analysis, 2023

4.1.1. Global New Energy Vehicles Market: Company Market Share, Value 2023

4.1.2. Global New Energy Vehicles Market: Top 6 Company Market Share, Value 2023

4.1.3. Global New Energy Vehicles Market: Top 3 Company Market Share, Value 2023

4.2. Global New Energy Vehicles Market: Company Revenue Share Analysis, 2023

4.3. Company Assessment Metrics, 2023

4.3.1. Stars

4.3.2. Emerging Leaders

4.3.3. Pervasive Players

4.3.4. Participants

4.4. Startups/ SMEs Assessment Metrics, 2023

4.4.1. Progressive Companies

4.4.2. Responsive Companies

4.4.3. Dynamic Companies

4.4.4. Starting Blocks

4.5. Strategic Development

4.5.1. Acquisition and Mergers

4.5.2. New Product Launch

4.5.3. Regional Expansion

4.5.4. Partnerships

4.6. Key Player Product Matrix

4.7. Potential for New Players in the Global New Energy Vehicles Market

5. Premium Insights

5.1. STAR (Situation, Task, Action, Results) Analysis

5.2. Porter’s Five Forces Analysis

5.2.1. Threat of New Entrants

5.2.2. Bargaining Power of Buyers/Consumers

5.2.3. Bargaining Power of Suppliers

5.2.4. Threat of Substitute Types

5.2.5. Intensity of Competitive Rivalry

5.3. PESTEL Analysis

5.3.1. Political Factors

5.3.2. Economic Factors

5.3.3. Social Factors

5.3.4. Technological Factors

5.3.5. Environmental Factors

5.3.6. Legal Factors

5.4. Key Market Trends

5.4.1. Demand Side Trends

5.4.2. Supply Side Trends

5.5. Value Chain Analysis

5.6. Technology Analysis

5.6.1. Research and development in the global market

5.6.2. Patent Analysis

5.6.3. Emerging technologies and their potential disruption to the market

5.7. Consumer Behaviour Analysis

5.7.1. Consumer Preferences and Expectations

5.7.2. Factors Influencing Consumer Buying Decisions

5.7.2.1. North America

5.7.2.2. Europe

5.7.2.3. Asia Pacific

5.7.2.4. Latin America

5.7.2.5. Middle East and Africa

5.7.3. Consumer Pain Points

5.8. Analysis and Recommendations

5.9. Adjacent Market Analysis

6. Market Positioning of Key Players, 2023

6.1. Company market share of key players, 2023

6.2. Competitive Benchmarking

6.3. Market Positioning of Key Vendors

6.4. Geographical Presence Analysis

6.5. Major Strategies Adopted by Key Players

6.5.1. Key Strategies Analysis

6.5.2. Mergers and Acquisitions

6.5.3. Partnerships

6.5.4. Product Launch

6.5.5. Geographical Expansion

6.5.6. Specialty Vehicles

7. Impact Analysis of COVID 19 and Russia – Ukraine War on New Energy Vehicles Market

7.1. Ukraine-Russia War Impact

7.1.1. Uncertainty and Economic Instability

7.1.2. Supply chain disruptions

7.1.3. Regional market shifts

7.1.4. Shift in government priorities

7.2. COVID-19 Impact Analysis

7.2.1. Supply Chain Disruptions

7.2.2. Demand Fluctuations

7.2.3. Shift in Product Mix

7.2.4. Reduced Industrial Activity

7.2.5. Regional Impact Analysis

7.2.5.1. North America

7.2.5.2. Europe

7.2.5.3. Asia Pacific

7.2.5.4. Latin America

7.2.5.5. Middle East and Africa

8. Global New Energy Vehicles Market, By Electric Vehicles (EVs)

8.1. Global New Energy Vehicles Market Overview, by Electric Vehicles (EVs)

8.1.1. Global New Energy Vehicles Market Revenue Share, By Electric Vehicles (EVs), 2023 Vs 2032 (in %)

8.2. Battery Electric Vehicles (BEVs)

8.2.1. Global New Energy Vehicles Market, By Battery Electric Vehicles (BEVs), By Region, 2019-2032 (US$ Mn)

8.2.2. Market Dynamics for Battery Electric Vehicles (BEVs)

8.2.2.1. Drivers

8.2.2.2. Restraints

8.2.2.3. Opportunities

8.2.2.4. Trends

8.3. Plug-in Hybrid Electric Vehicles (PHEVs)

8.3.1. Global New Energy Vehicles Market, By Plug-in Hybrid Electric Vehicles (PHEVs), By Region, 2019-2032 (US$ Mn)

8.3.2. Market Dynamics for Plug-in Hybrid Electric Vehicles (PHEVs)

8.3.2.1. Drivers

8.3.2.2. Restraints

8.3.2.3. Opportunities

8.3.2.4. Trends

8.4. Fuel Cell Electric Vehicles (FCEVs)

8.4.1. Global New Energy Vehicles Market, By Fuel Cell Electric Vehicles (FCEVs), By Region, 2019-2032 (US$ Mn)

8.4.2. Market Dynamics for Fuel Cell Electric Vehicles (FCEVs)

8.4.2.1. Drivers

8.4.2.2. Restraints

8.4.2.3. Opportunities

8.4.2.4. Trends

9. Global New Energy Vehicles Market, By Hybrid Vehicless

9.1. Global New Energy Vehicles Market Overview, by Hybrid Vehicless

9.1.1. Global New Energy Vehicles Market Revenue Share, By Hybrid Vehicless, 2023 Vs 2032 (in %)

9.2. Hybrid Electric Vehicles (HEVs)

9.2.1. Global New Energy Vehicles Market, By Hybrid Electric Vehicles (HEVs), By Region, 2019-2032 (US$ Mn)

9.2.2. Market Dynamics for Hybrid Electric Vehicles (HEVs)

9.2.2.1. Drivers

9.2.2.2. Restraints

9.2.2.3. Opportunities

9.2.2.4. Trends

9.3. Micro Hybrid Vehicles

9.3.1. Global New Energy Vehicles Market, By Micro Hybrid Vehicles, By Region, 2019-2032 (US$ Mn)

9.3.2. Market Dynamics for Micro Hybrid Vehicles

9.3.2.1. Drivers

9.3.2.2. Restraints

9.3.2.3. Opportunities

9.3.2.4. Trends

9.4. Full Hybrid Vehicless

9.4.1. Global New Energy Vehicles Market, By Full Hybrid Vehicless, By Region, 2019-2032 (US$ Mn)

9.4.2. Market Dynamics for Full Hybrid Vehicles

9.4.2.1. Drivers

9.4.2.2. Restraints

9.4.2.3. Opportunities

9.4.2.4. Trends

10. Global New Energy Vehicles Market, By Energy Source

10.1. Global New Energy Vehicles Market Overview, by Energy Source

10.1.1. Global New Energy Vehicles Market Revenue Share, By Energy Source, 2023 Vs 2032 (in %)

10.2. Battery Electric Vehicles (BEVs)

10.2.1. Global New Energy Vehicles Market, By Battery Electric Vehicles (BEVs), By Region, 2019-2032 (US$ Mn)

10.2.2. Market Dynamics for Battery Electric Vehicles (BEVs)

10.2.2.1. Drivers

10.2.2.2. Restraints

10.2.2.3. Opportunities

10.2.2.4. Trends

10.3. Fuel Cell Electric Vehicles (FCEVs)

10.3.1. Global New Energy Vehicles Market, By Fuel Cell Electric Vehicles (FCEVs), By Region, 2019-2032 (US$ Mn)

10.3.2. Market Dynamics for Fuel Cell Electric Vehicles (FCEVs)

10.3.2.1. Drivers

10.3.2.2. Restraints

10.3.2.3. Opportunities

10.3.2.4. Trends

10.4. Plug-in Hybrid Electric Vehicles (PHEVs)

10.4.1. Global New Energy Vehicles Market, By Plug-in Hybrid Electric Vehicles (PHEVs), By Region, 2019-2032 (US$ Mn)

10.4.2. Market Dynamics for Plug-in Hybrid Electric Vehicles (PHEVs)

10.4.2.1. Drivers

10.4.2.2. Restraints

10.4.2.3. Opportunities

10.4.2.4. Trends

11. Global New Energy Vehicles Market, By Vehicle Type

11.1. Global New Energy Vehicles Market Overview, by Vehicle Type

11.1.1. Global New Energy Vehicles Market Revenue Share, By Vehicle Type, 2023 Vs 2032 (in %)

11.2. Passenger Cars

11.2.1. Global New Energy Vehicles Market, By Passenger Cars, By Region, 2019-2032 (US$ Mn)

11.2.2. Market Dynamics for Passenger Cars

11.2.2.1. Drivers

11.2.2.2. Restraints

11.2.2.3. Opportunities

11.2.2.4. Trends

11.3. Commercial Vehicles

11.3.1. Global New Energy Vehicles Market, By Commercial Vehicles, By Region, 2019-2032 (US$ Mn)

11.3.2. Market Dynamics for Commercial Vehicles

11.3.2.1. Drivers

11.3.2.2. Restraints

11.3.2.3. Opportunities

11.3.2.4. Trends

11.4. Two-Wheelers

11.4.1. Global New Energy Vehicles Market, By Two-Wheelers, By Region, 2019-2032 (US$ Mn)

11.4.2. Market Dynamics for Two-Wheelers

11.4.2.1. Drivers

11.4.2.2. Restraints

11.4.2.3. Opportunities

11.4.2.4. Trends

11.5. Specialty Vehicles

11.5.1. Global New Energy Vehicles Market, By Specialty Vehicles, By Region, 2019-2032 (US$ Mn)

11.5.2. Market Dynamics for Specialty Vehicles

11.5.2.1. Drivers

11.5.2.2. Restraints

11.5.2.3. Opportunities

11.5.2.4. Trends

12. Global New Energy Vehicles Market, By Region

12.1. Global New Energy Vehicles Market Overview, by Region

12.1.1. Global New Energy Vehicles Market, By Region, 2023 vs 2032 (in%)

12.2. Electric Vehicles (EVs)

12.2.1. Global New Energy Vehicles Market, By Electric Vehicles (EVs), 2019-2032 (US$ Mn)

12.3. Hybrid Vehicles

12.3.1. Global New Energy Vehicles Market, By Hybrid Vehicles, 2019-2032 (US$ Mn)

12.4. Energy Source

12.4.1. Global New Energy Vehicles Market, By Energy Source, 2019-2032 (US$ Mn)

12.5. Vehicle Type

12.5.1. Global New Energy Vehicles Market, By Vehicle Type, 2019-2032 (US$ Mn)

13. North America New Energy Vehicles Market Analysis

13.1. Overview

13.1.1. Market Dynamics for North America

13.1.1.1. Drivers

13.1.1.2. Restraints

13.1.1.3. Opportunities

13.1.1.4. Trends

13.2. North America New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2032(US$ Mn)

13.2.1. Overview

13.2.2. SRC Analysis

13.3. North America New Energy Vehicles Market, by Hybrid Vehicles, 2019-2032(US$ Mn)

13.3.1. Overview

13.3.2. SRC Analysis

13.4. North America New Energy Vehicles Market, by Energy Source, 2019-2032(US$ Mn)

13.4.1. Overview

13.4.2. SRC Analysis

13.5. North America New Energy Vehicles Market, by Vehicle Type, 2019-2032(US$ Mn)

13.5.1. Overview

13.5.2. SRC Analysis

13.6. North America New Energy Vehicles Market, by Country, 2019-2032 (US$ Mn)

13.6.1. North America New Energy Vehicles Market, by Country, 2023 Vs 2032 (in%)

13.6.2. U.S.

13.6.3. Canada

13.6.4. Mexico

14. Europe New Energy Vehicles Market Analysis

14.1. Overview

14.1.1. Market Dynamics for North America

14.1.1.1. Drivers

14.1.1.2. Restraints

14.1.1.3. Opportunities

14.1.1.4. Trends

14.2. Europe New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2032(US$ Mn)

14.2.1. Overview

14.2.2. SRC Analysis

14.3. Europe New Energy Vehicles Market, by Hybrid Vehicles, 2019-2032(US$ Mn)

14.3.1. Overview

14.3.2. SRC Analysis

14.4. Europe New Energy Vehicles Market, by Energy Source, 2019-2032(US$ Mn)

14.4.1. Overview

14.4.2. SRC Analysis

14.5. Europe New Energy Vehicles Market, by Vehicle Type, 2019-2032(US$ Mn)

14.5.1. Overview

14.5.2. SRC Analysis

14.6. Europe New Energy Vehicles Market, by Country, 2019-2032 (US$ Mn)

14.6.1. Europe New Energy Vehicles Market, by Country, 2023 Vs 2032 (in%)

14.6.2. UK

14.6.3. France

14.6.4. Germany

14.6.5. Italy

14.6.6. Spain

14.6.7. Benelux

14.6.8. Russia

14.6.9. Rest of Europe

15. Asia Pacific New Energy Vehicles Market Analysis

15.1. Overview

15.1.1. Market Dynamics for North America

15.1.1.1. Drivers

15.1.1.2. Restraints

15.1.1.3. Opportunities

15.1.1.4. Trends

15.2. Asia Pacific New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2032(US$ Mn)

15.2.1. Overview

15.2.2. SRC Analysis

15.3. Asia Pacific New Energy Vehicles Market, by Hybrid Vehicles, 2019-2032(US$ Mn)

15.3.1. Overview

15.3.2. SRC Analysis

15.4. Asia Pacific New Energy Vehicles Market, by Energy Source, 2019-2032(US$ Mn)

15.4.1. Overview

15.4.2. SRC Analysis

15.5. Asia Pacific New Energy Vehicles Market, by Vehicle Type, 2019-2032(US$ Mn)

15.5.1. Overview

15.5.2. SRC Analysis

15.6. Asia Pacific New Energy Vehicles Market, by Country, 2019-2032 (US$ Mn)

15.6.1. Asia Pacific New Energy Vehicles Market, by Country, 2023 Vs 2032 (in%)

15.6.2. China

15.6.3. Japan

15.6.4. India

15.6.5. South Korea

15.6.6. South East Asia

15.6.7. Rest of Asia Pacific

16. Latin America New Energy Vehicles Market Analysis

16.1. Overview

16.1.1. Market Dynamics for North America

16.1.1.1. Drivers

16.1.1.2. Restraints

16.1.1.3. Opportunities

16.1.1.4. Trends

16.2. Latin America New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2032(US$ Mn)

16.2.1. Overview

16.2.2. SRC Analysis

16.3. Latin America New Energy Vehicles Market, by Hybrid Vehicles, 2019-2032(US$ Mn)

16.3.1. Overview

16.3.2. SRC Analysis

16.4. Latin America New Energy Vehicles Market, by Energy Source, 2019-2032(US$ Mn)

16.4.1. Overview

16.4.2. SRC Analysis

16.5. Latin America New Energy Vehicles Market, by Vehicle Type, 2019-2032(US$ Mn)

16.5.1. Overview

16.5.2. SRC Analysis

16.6. Latin America New Energy Vehicles Market, by Country, 2019-2032 (US$ Mn)

16.6.1. Latin America New Energy Vehicles Market, by Country, 2023 Vs 2032 (in%)

16.6.2. Brazil

16.6.3. Argentina

16.6.4. Rest of Latin America

17. Middle East New Energy Vehicles Market Analysis

17.1. Overview

17.1.1. Market Dynamics for North America

17.1.1.1. Drivers

17.1.1.2. Restraints

17.1.1.3. Opportunities

17.1.1.4. Trends

17.2. Middle East New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2032(US$ Mn)

17.2.1. Overview

17.2.2. SRC Analysis

17.3. Middle East New Energy Vehicles Market, by Hybrid Vehicles, 2019-2032(US$ Mn)

17.3.1. Overview

17.3.2. SRC Analysis

17.4. Middle East New Energy Vehicles Market, by Energy Source, 2019-2032(US$ Mn)

17.4.1. Overview

17.4.2. SRC Analysis

17.5. Middle East New Energy Vehicles Market, by Vehicle Type, 2019-2032(US$ Mn)

17.5.1. Overview

17.5.2. SRC Analysis

17.6. Middle East New Energy Vehicles Market, by Country, 2019-2032 (US$ Mn)

17.6.1. Middle East New Energy Vehicles Market, by Country, 2023 Vs 2032 (in%)

17.6.2. UAE

17.6.3. Saudi Arabia

17.6.4. Rest of Middle East

18. Africa New Energy Vehicles Market Analysis

18.1. Overview

18.1.1. Market Dynamics for North America

18.1.1.1. Drivers

18.1.1.2. Restraints

18.1.1.3. Opportunities

18.1.1.4. Trends

18.2. Africa New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2032(US$ Mn)

18.2.1. Overview

18.2.2. SRC Analysis

18.3. Africa New Energy Vehicles Market, by Hybrid Vehicles, 2019-2032(US$ Mn)

18.3.1. Overview

18.3.2. SRC Analysis

18.4. Africa New Energy Vehicles Market, by Energy Source, 2019-2032(US$ Mn)

18.4.1. Overview

18.4.2. SRC Analysis

18.5. Africa New Energy Vehicles Market, by Vehicle Type, 2019-2032(US$ Mn)

18.5.1. Overview

18.5.2. SRC Analysis

18.6. Africa New Energy Vehicles Market, by Country, 2019-2032 (US$ Mn)

18.6.1. Middle East New Energy Vehicles Market, by Country, 2023 Vs 2032 (in%)

18.6.2. South Africa

18.6.3. Egypt

18.6.4. Rest of Africa

19. Company Profiles

19.1. Toyota Kirloskar Motor (India)

19.1.1. Company Overview

19.1.2. Products/Services Portfolio

19.1.3. Geographical Presence

19.1.4. SWOT Analysis

19.1.5. Financial Summary

19.1.5.1. Market Revenue and Net Profit (2019-2023)

19.1.5.2. Business Segment Revenue Analysis

19.1.5.3. Geographical Revenue Analysis

19.2. Nissan (Japan)

19.3. Tesla (U.S.)

19.4. Mitsubishi Electric Corporation (Japan)

19.5. General Motors (U.S.)

19.6. Ford Motor Company (U.S.)

19.7. BMW AG (Germany)

19.8. Renault (France)

19.9. AB Volvo (Sweden)

19.10. Daimler AG (Germany)

19.11. Volkswagen (Germany)

19.12. Honda Motor Company (Japan)

19.13. Fiat Automobiles (Italy)

19.14. BYD Company Ltd (China)

19.15. CHERY (China)

20. Research Methodology

20.1. Research Methodology

20.2. Phase I – Secondary Research

20.3. Phase II – Data Modelling

20.3.1. Company Share Analysis Model

20.3.2. Revenue Based Modelling

20.4. Phase III – Primary Research

20.5. Research Limitations

20.5.1. Assumptions

List of Figures

FIG. 1 Global New Energy Vehicles Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global New Energy Vehicles Market Segmentation

FIG. 4 Global New Energy Vehicles Market, by Electric Vehicles (EVs), 2023 (US$ Mn)

FIG. 5 Global New Energy Vehicles Market, by Hybrid Vehicles, 2023 (US$ Mn)

FIG. 6 Global New Energy Vehicles Market, by Energy Source, 2023 (US$ Mn)

FIG. 7 Global New Energy Vehicles Market, by Data Trasnfer Speed, 2023 (US$ Mn)

FIG. 8 Global New Energy Vehicles Market, by Price Range, 2023 (US$ Mn)

FIG. 9 Global New Energy Vehicles Market, by Geography, 2023 (US$ Mn)

FIG. 10 Attractive Investment Proposition, by Electric Vehicles (EVs), 2023

FIG. 11 Attractive Investment Proposition, by Hybrid Vehicles, 2023

FIG. 12 Attractive Investment Proposition, by Energy Source, 2023

FIG. 13 Attractive Investment Proposition, by Vehicle Type, 2023

FIG. 14 Attractive Investment Proposition, by Geography, 2023

FIG. 15 Global Market Share Analysis of Key New Energy Vehicles Market Manufacturers, 2023

FIG. 16 Global Market Positioning of Key New Energy Vehicles Market Manufacturers, 2023

FIG. 17 Global New Energy Vehicles Market Value Contribution, By Electric Vehicles (EVs), 2023 & 2032 (Value %)

FIG. 18 Global New Energy Vehicles Market, by BATTERY ELECTRIC VEHICLES (BEVS), Value, 2019-2032 (US$ Mn)

FIG. 19 Global New Energy Vehicles Market, by PLUG-IN HYBRID ELECTRIC VEHICLES (PHEVS), Value, 2019-2032 (US$ Mn)

FIG. 20 Global New Energy Vehicles Market, by Fuel Cell Electric Vehicles (FCEVs), Value, 2019-2032 (US$ Mn)

FIG. 21 Global New Energy Vehicles Market Value Contribution, By Hybrid Vehicles, 2023 & 2032 (Value %)

FIG. 22 Global New Energy Vehicles Market, by Hybrid Electric Vehicles (HEVs), Value, 2019-2032 (US$ Mn)

FIG. 23 Global New Energy Vehicles Market, by Micro-Hybrid Vehicles, Value, 2019-2032 (US$ Mn)

FIG. 24 Global New Energy Vehicles Market, by Full Hybrid Vehicles, Value, 2019-2032 (US$ Mn)

FIG. 25 Global New Energy Vehicles Market Value Contribution, By Energy Source, 2023 & 2032 (Value %)

FIG. 26 Global New Energy Vehicles Market, by Battery Electric Vehicles (BEVs), Value, 2019-2032 (US$ Mn)

FIG. 27 Global New Energy Vehicles Market, by Fuel Cell Electric Vehicles (FCEVs), Value, 2019-2032 (US$ Mn)

FIG. 28 Global New Energy Vehicles Market, by Plug-in Hybrid Electric Vehicles (PHEVs), Value, 2019-2032 (US$ Mn)

FIG. 29 Global New Energy Vehicles Market Value Contribution, By Vehicle Type, 2023 & 2032 (Value %)

FIG. 30 Global New Energy Vehicles Market, by Passenger Cars, Value, 2019-2032 (US$ Mn)

FIG. 31 Global New Energy Vehicles Market, by Commercial Vehicles, Value, 2019-2032 (US$ Mn)

FIG. 32 Global New Energy Vehicles Market, by Two-Wheelers, Value, 2019-2032 (US$ Mn)

FIG. 33 Global New Energy Vehicles Market, by Specialty Vehicles, Value, 2019-2032 (US$ Mn)

FIG. 34 North America New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 35 U.S. New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 36 Canada New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 37 Mexico New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 38 Europe New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 39 Germany New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 40 France New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 41 U.K. New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 42 Italy New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 43 Spain New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 44 Benelux New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 45 Russia New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 46 Rest of Europe New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 47 Asia Pacific New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 48 China New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 49 Japan New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 50 India New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 51 South Korea New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 52 South-East Asia New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 53 Rest of Asia Pacific New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 54 Latin America New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 55 Brazil New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 56 Argentina New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 57 Rest of Latin America New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 58 Middle East New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 59 UAE New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 60 Saudi Arabia New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 61 Rest of Middle East New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 62 Africa New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 63 South Africa New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 64 Egypt New Energy Vehicles Market, 2019-2032 (US$ Mn)

FIG. 65 Rest of Africa New Energy Vehicles Market, 2019-2032 (US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Global New Energy Vehicles Market

TABLE 2 Global New Energy Vehicles Market: Market Drivers Impact Analysis

TABLE 3 Global New Energy Vehicles Market: Market Restraints Impact Analysis

TABLE 4 Global New Energy Vehicles Market, by Competitive Benchmarking, 2023

TABLE 5 Global New Energy Vehicles Market, by Geographical Presence Analysis, 2023

TABLE 6 Global New Energy Vehicles Market, by Key Strategies Analysis, 2023

TABLE 7 Global New Energy Vehicles Market, by BATTERY ELECTRIC VEHICLES (BEVS), By Region, 2019-2023 (US$ Mn)

TABLE 8 Global New Energy Vehicles Market, by BATTERY ELECTRIC VEHICLES (BEVS), By Region, 2024-2032 (US$ Mn)

TABLE 9 Global New Energy Vehicles Market, by PLUG-IN HYBRID ELECTRIC VEHICLES (PHEVS), By Region, 2019-2023 (US$ Mn)

TABLE 10 Global New Energy Vehicles Market, by PLUG-IN HYBRID ELECTRIC VEHICLES (PHEVS), By Region, 2024-2032 (US$ Mn)

TABLE 11 Global New Energy Vehicles Market, by Fuel Cell Electric Vehicles (FCEVs), By Region, 2019-2023 (US$ Mn)

TABLE 12 Global New Energy Vehicles Market, by Fuel Cell Electric Vehicles (FCEVs), By Region, 2024-2032 (US$ Mn)

TABLE 13 Global New Energy Vehicles Market, by Hybrid Electric Vehicles (HEVs), By Region, 2019-2023 (US$ Mn)

TABLE 14 Global New Energy Vehicles Market, by Hybrid Electric Vehicles (HEVs), By Region, 2024-2032 (US$ Mn)

TABLE 15 Global New Energy Vehicles Market, by Micro Hybrid Vehicles, By Region, 2019-2023 (US$ Mn)

TABLE 16 Global New Energy Vehicles Market, by Micro Hybrid Vehicles, By Region, 2024-2032 (US$ Mn)

TABLE 17 Global New Energy Vehicles Market, by Full Hybrid Vehicless, By Region, 2019-2023 (US$ Mn)

TABLE 18 Global New Energy Vehicles Market, by Full Hybrid Vehicless, By Region, 2024-2032 (US$ Mn)

TABLE 19 Global New Energy Vehicles Market, by Battery Electric Vehicles (BEVs), By Region, 2019-2023 (US$ Mn)

TABLE 20 Global New Energy Vehicles Market, by Battery Electric Vehicles (BEVs), By Region, 2024-2032 (US$ Mn)

TABLE 21 Global New Energy Vehicles Market, by Fuel Cell Electric Vehicles (FCEVs), By Region, 2019-2023 (US$ Mn)

TABLE 22 Global New Energy Vehicles Market, by Fuel Cell Electric Vehicles (FCEVs), By Region, 2024-2032 (US$ Mn)

TABLE 23 Global New Energy Vehicles Market, by Plug-in Hybrid Electric Vehicles (PHEVs), By Region, 2019-2023 (US$ Mn)

TABLE 24 Global New Energy Vehicles Market, by Plug-in Hybrid Electric Vehicles (PHEVs), By Region, 2024-2032 (US$ Mn)

TABLE 25 Global New Energy Vehicles Market, by Passenger Cars, By Region, 2019-2023 (US$ Mn)

TABLE 26 Global New Energy Vehicles Market, by Passenger Cars, By Region, 2024-2032 (US$ Mn)

TABLE 27 Global New Energy Vehicles Market, by Commercial Vehicles, By Region, 2019-2023 (US$ Mn)

TABLE 28 Global New Energy Vehicles Market, by Commercial Vehicles, By Region, 2024-2032 (US$ Mn)

TABLE 29 Global New Energy Vehicles Market, by Two-Wheelers, By Region, 2019-2023 (US$ Mn)

TABLE 30 Global New Energy Vehicles Market, by Two-Wheelers, By Region, 2024-2032 (US$ Mn)

TABLE 31 Global New Energy Vehicles Market, by Specialty Vehicles, By Region, 2019-2023 (US$ Mn)

TABLE 32 Global New Energy Vehicles Market, by Specialty Vehicles, By Region, 2024-2032 (US$ Mn)

TABLE 33 Global New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 34 Global New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 35 Global New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 36 Global New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 37 Global New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 38 Global New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 39 Global New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 40 Global New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 41 Global New Energy Vehicles Market, by Region, 2019-2023 (US$ Mn)

TABLE 42 Global New Energy Vehicles Market, by Region, 2024-2032 (US$ Mn)

TABLE 43 North America New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 44 North America New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 45 North America New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 46 North America New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 47 North America New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 48 North America New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 49 North America New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 50 North America New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 51 North America New Energy Vehicles Market, by Country, 2019-2023 (US$ Mn)

TABLE 52 North America New Energy Vehicles Market, by Country, 2024-2032 (US$ Mn)

TABLE 53 United States New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 54 United States New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 55 United States New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 56 United States New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 57 United States New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 58 United States New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 59 United States New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 60 United States New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 61 Canada New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 62 Canada New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 63 Canada New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 64 Canada New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 65 Canada New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 66 Canada New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 67 Canada New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 68 Canada New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 69 Mexico New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 70 Mexico New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 71 Mexico New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 72 Mexico New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 73 Mexico New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 74 Mexico New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 75 Mexico New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 76 Mexico New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 77 Europe New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 78 Europe New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 79 Europe New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 80 Europe New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 81 Europe New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 82 Europe New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 83 Europe New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 84 Europe New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 85 Europe New Energy Vehicles Market, by Country, 2019-2023 (US$ Mn)

TABLE 86 Europe New Energy Vehicles Market, by Country, 2024-2032 (US$ Mn)

TABLE 87 Germany New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 88 Germany New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 89 Germany New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 90 Germany New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 91 Germany New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 92 Germany New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 93 Germany New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 94 Germany New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 95 France New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 96 France New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 97 France New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 98 France New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 99 France New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 100 France New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 101 France New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 102 France New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 103 United Kingdom New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 104 United Kingdom New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 105 United Kingdom New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 106 United Kingdom New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 107 United Kingdom New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 108 United Kingdom New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 109 United Kingdom New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 110 United Kingdom New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 111 Italy New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 112 Italy New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 113 Italy New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 114 Italy New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 115 Italy New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 116 Italy New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 117 Italy New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 118 Italy New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 119 Spain New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 120 Spain New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 121 Spain New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 122 Spain New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 123 Spain New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 124 Spain New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 125 Spain New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 126 Spain New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 127 Benelux New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 128 Benelux New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 129 Benelux New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 130 Benelux New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 131 Benelux New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 132 Benelux New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 133 Benelux New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 134 Benelux New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 135 Russia New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 136 Russia New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 137 Russia New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 138 Russia New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 139 Russia New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 140 Russia New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 141 Russia New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 142 Russia New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 143 Rest of Europe New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 144 Rest of Europe New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 145 Rest of Europe New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 146 Rest of Europe New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 147 Rest of Europe New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 148 Rest of Europe New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 149 Rest of Europe New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 150 Rest of Europe New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 151 Asia Pacific New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 152 Asia Pacific New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 153 Asia Pacific New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 154 Asia Pacific New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 155 Asia Pacific New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 156 Asia Pacific New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 157 Asia Pacific New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 158 Asia Pacific New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 159 China New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 160 China New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 161 China New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 162 China New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 163 China New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 164 China New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 165 China New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 166 China New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 167 Japan New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 168 Japan New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 169 Japan New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 170 Japan New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 171 Japan New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 172 Japan New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 173 Japan New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 174 Japan New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 175 India New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 176 India New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 177 India New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 178 India New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 179 India New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 180 India New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 181 India New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 182 India New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 183 South Korea New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 184 South Korea New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 185 South Korea New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 186 South Korea New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 187 South Korea New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 188 South Korea New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 189 South Korea New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 190 South Korea New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 191 South-East Asia New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 192 South-East Asia New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 193 South-East Asia New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 194 South-East Asia New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 195 South-East Asia New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 196 South-East Asia New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 197 South-East Asia New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 198 South-East Asia New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 199 Rest of Asia Pacific New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 200 Rest of Asia Pacific New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 201 Rest of Asia Pacific New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 202 Rest of Asia Pacific New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 203 Rest of Asia Pacific New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 204 Rest of Asia Pacific New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 205 Rest of Asia Pacific New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 206 Rest of Asia Pacific New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 207 Latin America New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 208 Latin America New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 209 Latin America New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 210 Latin America New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 211 Latin America New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 212 Latin America New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 213 Latin America New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 214 Latin America New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 215 Brazil New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 216 Brazil New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 217 Brazil New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 218 Brazil New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 219 Brazil New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 220 Brazil New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 221 Brazil New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 222 Brazil New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 223 Argentina New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 224 Argentina New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 225 Argentina New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 226 Argentina New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 227 Argentina New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 228 Argentina New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 229 Argentina New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 230 Argentina New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 231 Rest of Latin America New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 232 Rest of Latin America New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 233 Rest of Latin America New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 234 Rest of Latin America New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 235 Rest of Latin America New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 236 Rest of Latin America New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 237 Rest of Latin America New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 238 Rest of Latin America New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 239 Middle East New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 240 Middle East New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 241 Middle East New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 242 Middle East New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 243 Middle East New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 244 Middle East New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 245 Middle East New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 246 Middle East New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 247 UAE New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 248 UAE New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 249 UAE New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 250 UAE New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 251 UAE New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 252 UAE New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 253 UAE New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 254 UAE New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 255 Saudi Arabia New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 256 Saudi Arabia New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 257 Saudi Arabia New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 258 Saudi Arabia New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 259 Saudi Arabia New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 260 Saudi Arabia New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 261 Saudi Arabia New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 262 Saudi Arabia New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 263 Rest of Middle East New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 264 Rest of Middle East New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 265 Rest of Middle East New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 266 Rest of Middle East New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 267 Rest of Middle East New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 268 Rest of Middle East New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 269 Rest of Middle East New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 270 Rest of Middle East New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 271 Africa New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 272 Africa New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 273 Africa New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 274 Africa New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 275 Africa New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 276 Africa New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 277 Africa New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 278 Africa New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 279 South Africa New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 280 South Africa New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 281 South Africa New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 282 South Africa New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 283 South Africa New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 284 South Africa New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 285 South Africa New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 286 South Africa New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 287 Egypt New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 288 Egypt New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 289 Egypt New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 290 Egypt New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 291 Egypt New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 292 Egypt New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 293 Egypt New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 294 Egypt New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

TABLE 295 Rest of Africa New Energy Vehicles Market, by Electric Vehicles (EVs), 2019-2023 (US$ Mn)

TABLE 296 Rest of Africa New Energy Vehicles Market, by Electric Vehicles (EVs), 2024-2032 (US$ Mn)

TABLE 297 Rest of Africa New Energy Vehicles Market, by Hybrid Vehicles, 2019-2023 (US$ Mn)

TABLE 298 Rest of Africa New Energy Vehicles Market, by Hybrid Vehicles, 2024-2032 (US$ Mn)

TABLE 299 Rest of Africa New Energy Vehicles Market, by Energy Source, 2019-2023 (US$ Mn)

TABLE 300 Rest of Africa New Energy Vehicles Market, by Energy Source, 2024-2032 (US$ Mn)

TABLE 301 Rest of Africa New Energy Vehicles Market, by Vehicle Type, By Region, 2019-2023 (US$ Mn)

TABLE 302 Rest of Africa New Energy Vehicles Market, by Vehicle Type, By Region, 2024-2032 (US$ Mn)

Frequently Asked Questions:

What is the current size of the global New Energy Vehicles market?

The global New Energy Vehicles market was valued at USD 45,2451.2 Million in 2023.

What is the expected growth rate of the New Energy Vehicles market between 2024 and 2032?

The New Energy Vehicles market is expected to grow at a CAGR of 23.20% between 2024 and 2032, reaching USD 29,58,476.4 Million in 2032.

Which segment is leading the market share in terms of Vehicle Type?

In 2023, In 2023, passenger vehicles dominated the electric vehicle market

Which Energy Source segment governs the demand for New Energy Vehicles in the world?

In 2023, Battery Electric Vehicles (BEVs) are currently in high demand

Which Electric Vehicles (EVs) segment is expected to post the Highest CAGR during the forecast period?

The PHEV is expected to see the quickest CAGR of approximately 43.5%.

Which region is fueling the growth of the New Energy Vehicles industry?

In 2023, the Asia-Pacific region dominated the EV market and is forecasted to have the highest CAGR

Who are the major players in the global New Energy Vehicles market?

The top players include Toyota Kirloskar Motor (India), Nissan (Japan), Tesla (U.S.), Mitsubishi Electric Corporation (Japan) and Others.

What are the major market drivers of the New Energy Vehicles industry?

The market is primarily driven by rising environmental concerns, government incentives and laws, and technological improvements.

What are the major market restraints of the New Energy Vehicles industry?

High beginning costs, limited charging infrastructure, and range anxiety are the primary constraints of the market.

What are the major market opportunities of the New Energy Vehicles industry?

Technological breakthroughs, infrastructure development, and supportive policies are the primary opportunities in the market.

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