Europe electric passenger car market stood
at over $ 14.5 billion in 2017 and is projected to grow at a CAGR of more than
29% to surpass $ 72.4 billion by 2023. Growth in the market is led by continuous
expansion in the charging infrastructure across Europe and growing
affordability of electric passenger cars. Moreover, rising inclination towards
cleaner automobiles rather than vehicles running on traditional fuels along
with government support towards boosting adoption of electric vehicles due to
constantly increasing pollution levels is further anticipated to steer growth
in Europe electric passenger car market during the forecast period.
Years
considered for this report:
Historical Years:2013-2016
Base Year: 2017
Estimated Year: 2018
Forecast Period: 2019–2023
Objective
of the Study:
- To assess the demand for electric passenger cars in
Europe.
- To analyze and forecast the market size of electric
passenger car market in Europe.
- To classify and forecast Europe electric passenger car
market on the basis vehicle type, technology type, driving range and country.
- To identify drivers and challenges for Europe
electric passenger car market.
- To identify market trends and development in Europe
electric passenger car market.
- To identify and analyze the profile of leading players
operating in the Europe
electric passenger car market.
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Few of the major players currently invested in the
electric passenger car market in Europe
include BYD Company Limited, BAIC Motor
Corporation., Ltd, Tesla Inc., BMW AG, Volkswagen AG, General Motors Company, Nissan
Motor Corporation, Audi AG, Ford Motor Company, and Renault SA, among others.
In order to perform the study, TechSci
Research conducted primary as well as exhaustive secondary research. Initially,
TechSci Research prepared an exhaustive list of electric passenger car
manufacturers and companies currently invested in the market operating in
different countries in the region. Subsequently, TechSci Research conducted
primary research surveys, which include primary calls, email responses, etc.,
with the identified companies. While interviewing, the respondents were also
asked about their major competitors. Through this technique,
TechSci Research was able to include system manufacturers which could not be
identified due to the limitations of secondary research. TechSci Research analyzed
service offerings, regional network, and regional presence of all major companies
across Europe.
TechSci Research calculated the market size for Europe
electric passenger car market using a bottom-up technique, wherein the volume
service data for different vehicle type (Hatchback, Sedan & SUV) were
recorded as well as forecast for the future years. TechSci Research sourced these figures
from industry experts and company representatives, and externally validated
through analyzing historical data of respective companies to arrive at the
overall market size. Multiple secondary sources such as directories, databases
such as OICA, World Bank, company websites, company annual reports, white
papers, investor presentations and financial reports were also studied by TechSci
Research.
Key Target
Audience:
- Europe electric passenger car
manufacturers, distributors and other stakeholders
- Associations, organizations, forums and alliances related to
electric vehicles
- Government bodies such as
regulating authorities and policy makers
- Market research and consulting
firms
The study is useful in providing answers to several
critical questions that are important for industry stakeholders such as electric passenger car manufacturers,
customers and policy makers. The study would also help them to target
the growing segments over the coming years, thereby aiding the stakeholders in taking
investment decisions and facilitating their expansion.
Report Scope:
In this report, Europe electric passenger car market has been
segmented into following categories, in addition to the industry trends which
have also been detailed below:
- Market, By Vehicle Type:
- Market, By Technology Type:
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Market, By Driving Range:
- Above
150 Miles
- Up to 150 Miles
- By Country
- Norway
- France
- Netherlands
- Italy
- Portugal
- Germany
- Sweden
- Switzerland
- Iceland
- United Kingdom
- Belgium
- Spain
- Rest of Europe
Competitive
Landscape
Company
Profiles: Detailed
analysis of the major companies present in Europe electric passenger car market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s
specific needs. The following customization options are available for the
report:
Company Information
- Detailed analysis and profiling of additional market
players.
In case you don’t find what
you are looking for, please get in touch with our custom research team at sales@techsciresearch.com