UK markets close in 7 hours 54 minutes
  • FTSE 100

    +38.01 (+0.59%)
  • FTSE 250

    +52.90 (+0.26%)
  • AIM

    +1.06 (+0.10%)

    -0.0008 (-0.08%)

    +0.0008 (+0.06%)

    +84.47 (+0.59%)
  • CMC Crypto 200

    +7.14 (+1.91%)
  • S&P 500

    -2.29 (-0.06%)
  • DOW

    +85.73 (+0.29%)

    +0.81 (+1.77%)

    +5.20 (+0.28%)
  • NIKKEI 225

    -58.13 (-0.22%)

    +107.42 (+0.40%)
  • DAX

    -2.82 (-0.02%)
  • CAC 40

    +26.61 (+0.48%)

New Energy Vehicles Market, 2028 -

·4-min read

The "New Energy Vehicles Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2020 To 2028" report has been added to's offering.

The report offers strategic insights into the global new energy vehicles market along with the market size and estimates for the duration 2018 to 2028.

The said research study covers in-depth analysis of multiple market segments based on energy type, vehicle type, and cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2019 & 2028. The report also provides a prolific view on 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.

Rising environmental concerns and growing demand for pollution-free and energy-efficient transportation solutions have led to the 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 varied rates of adoption in different countries. However, with increasing investments towards new energy vehicle production and favorable government policies, the overall NEVs market is expected to witness significant growth during the forecast period.

In 2019, 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 commute, warehouse operations, and handling, and neighborhood transport. Thereby, the BEV segment is expected to maintain its dominance throughout the forecast period from 2020 to 2028.

The fuel cell electric vehicles (FCEVs) are expected to witness the fastest growth on account of ongoing technological advancements in fuel cell technology. 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.

In 2019, Asia Pacific dominated the overall new energy vehicles (NEVs) market across the world. The segment contributed to more than half of the total revenue generated globally in 2019. With an increasing demand for energy-efficient vehicles with near to 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 the Asia Pacific in the overall NEVs market in terms of revenue in 2019. With ongoing installations of charging stations in some of the key countries including the U.S., UK, Germany, and France, among others, these regions are expected to witness the growing adoption of the NEVs in the following years.

Key Topics Covered:

Chapter 1 Preface

Chapter 2 Executive Summary

Chapter 3 Market Dynamics

3.1 Product Insights and Market Overview

3.1.1 Global New Energy Vehicles (NEVs) Market Revenue and Growth, 2018 - 2028, (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

Chapter 7 Europe New Energy Vehicles (NEVs) Market Analysis

Chapter 8 Asia Pacific New Energy Vehicles (NEVs) Market Analysis

Chapter 9 Rest of the World (RoW) New Energy Vehicles (NEVs) Market Analysis

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

For more information about this report visit

View source version on

Laura Wood, Senior Press Manager

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900