Enjoy complimentary customisation on priority with our Enterprise License!
The electric car market size is forecast to increase by USD 22.64 thousand at a CAGR of 28.69% between 2023 and 2027. The market is experiencing significant growth, driven by increasing demand and sales of Battery Electric Vehicles (BEVs) globally. This trend is fueled by various factors, including government incentives, environmental concerns, and advancements in technology. The number of new electric car launches continues to rise, offering consumers more choices and driving competition in the market. However, the high cost of ownership of BEVs remains a challenge, which may limit their widespread adoption. Despite this, the market is expected to continue growing, with innovations in battery technology and charging infrastructure expected to address some of the cost concerns. Overall, the market is poised for continued growth, driven by increasing consumer interest and advancements in technology.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Vehicle Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.