Selected research
Market Analysis & Forecast
Global EV and PHEV Market Analysis and Forecast 2026-2032
Market perspective
The global EV and PHEV market is projected to grow from US$ million in 2026 to US$ million by 2032, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.
EV and PHEV's global sales reached XX (k units) with a value of US$ XX Million, marking an change of XX% compared to the previous year. This performance has positioned Volvo as the global sales leader, a title it has maintained for several consecutive years. Notably, Volvo's performance in primary markets is also remarkable. In the Chinese market, sales were XX (k units), a change of XX% from the previous year. In Europe, sales were XX (k units), showing a year-on-year of XX%. In the US, sales were XX (k units), a year-on-year change of XX%.
The major global manufacturers in the EV and PHEV market include Volvo, Volkswagen, Toyota, Tesla, BMW, Porsche, Nissan, Mitsubishi and Kia, etc. In 2025, the top three vendors accounted for approximately % of the revenue.
Read the full market overview
In terms of production side, this report researches the EV and PHEV production, growth rate, market share by manufacturers and by region (region level and country level), from 2021 to 2026, and forecast to 2032.
In terms of consumption side, this report focuses on the sales of EV and PHEV by region (region level and country level), by Company, by Type and by Application. from 2021 to 2026 and forecast to 2032.
This report presents an overview of global market for EV and PHEV, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2021 - 2025, estimates for 2026, and projections of CAGR through 2032.
This report researches the key producers of EV and PHEV, also provides the consumption of main regions and countries. Of the upcoming market potential for EV and PHEV, and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the EV and PHEV sales, revenue, market share and industry ranking of main manufacturers, data from 2021 to 2026. Identification of the major stakeholders in the global EV and PHEV market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2021 to 2032. Evaluation and forecast the market size for EV and PHEV sales, projected growth trends, production technology, application and end-user industry.
EV and PHEV Segment by Company
Volvo
Volkswagen
Toyota
Tesla
BMW
Porsche
Nissan
Mitsubishi
Kia
Hyundai
Honda
Ford
Fiat
Chevrolet
Audi
BYD
EV and PHEV Segment by Type
EV
PHEV
EV and PHEV Segment by Application
Commercial Vehicle
Passenger Vehicle
EV and PHEV Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Study Objectives
1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global EV and PHEV market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of EV and PHEV and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of EV and PHEV.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type and by application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: EV and PHEV production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 4: Sales (consumption), revenue of EV and PHEV in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 5: Detailed analysis of EV and PHEV manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 6: Provides the analysis of various market segments by type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7: Provides the analysis of various market segments by application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, EV and PHEV sales, revenue, price, gross margin, and recent development, etc.
Chapter 9: North America by type, by application and by country, sales, and revenue for each segment.
Chapter 10: Europe by type, by application and by country, sales, and revenue for each segment.
Chapter 11: China by type, by application, sales, and revenue for each segment.
Chapter 12: Asia (Excluding China) by type, by application and by region, sales, and revenue for each segment.
Chapter 13: South America, Middle East and Africa by type, by application and by country, sales, and revenue for each segment.
Chapter 14: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 15: The main concluding insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- EV
- PHEV
Applications
- Commercial Vehicle
- Passenger Vehicle
Companies covered
- Volvo
- Volkswagen
- Toyota
- Tesla
- BMW
- Porsche
- Nissan
- Mitsubishi
- Kia
- Hyundai
- Honda
- Ford
- Fiat
- Chevrolet
- Audi
- BYD
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 EV and PHEV Market by Type
- 1.2.1 Global EV and PHEV Market Size by Type, 2021 VS 2025 VS 2032
- 1.2.2 EV
- 1.2.3 PHEV
- 1.3 EV and PHEV Market by Application
- 1.3.1 Global EV and PHEV Market Size by Application, 2021 VS 2025 VS 2032
- 1.3.2 Commercial Vehicle
- 1.3.3 Passenger Vehicle
- 1.4 Assumptions and Limitations
- 1.5 Study Goals and Objectives
2 EV and PHEV Market Dynamics
- 2.1 EV and PHEV Industry Trends
- 2.2 EV and PHEV Industry Drivers
- 2.3 EV and PHEV Industry Opportunities and Challenges
- 2.4 EV and PHEV Industry Restraints
3 Global EV and PHEV Production Overview
- 3.1 Global EV and PHEV Production Capacity (2021-2032)
- 3.2 Global EV and PHEV Production by Region: 2021 VS 2025 VS 2032
- 3.3 Global EV and PHEV Production by Region
- 3.3.1 Global EV and PHEV Production by Region (2021-2026)
- 3.3.2 Global EV and PHEV Production by Region (2027-2032)
- 3.3.3 Global EV and PHEV Production Market Share by Region (2021-2032)
- 3.4 North America
- 3.5 Europe
- 3.6 China
- 3.7 Japan
- 3.8 South Korea
- 3.9 India
4 Global Market Growth Prospects
- 4.1 Global EV and PHEV Revenue Estimates and Forecasts (2021-2032)
- 4.2 Global EV and PHEV Revenue by Region
- 4.2.1 Global EV and PHEV Revenue by Region: 2021 VS 2025 VS 2032
- 4.2.2 Global EV and PHEV Revenue by Region (2021-2026)
- 4.2.3 Global EV and PHEV Revenue by Region (2027-2032)
- 4.2.4 Global EV and PHEV Revenue Market Share by Region (2021-2032)
- 4.3 Global EV and PHEV Sales Estimates and Forecasts 2021-2032
- 4.4 Global EV and PHEV Sales by Region
- 4.4.1 Global EV and PHEV Sales by Region: 2021 VS 2025 VS 2032
- 4.4.2 Global EV and PHEV Sales by Region (2021-2026)
- 4.4.3 Global EV and PHEV Sales by Region (2027-2032)
- 4.4.4 Global EV and PHEV Sales Market Share by Region (2021-2032)
- 4.5 North America
- 4.6 Europe
- 4.7 China
- 4.8 Asia (Excluding China)
- 4.9 South America, Middle East and Africa
5 Market Competitive Landscape by Manufacturers
- 5.1 Global EV and PHEV Revenue by Manufacturers
- 5.1.1 Global EV and PHEV Revenue by Manufacturers (2021-2026)
- 5.1.2 Global EV and PHEV Revenue Market Share by Manufacturers (2021-2026)
- 5.1.3 Global EV and PHEV Manufacturers Revenue Share Top 10 and Top 5 in 2025
- 5.2 Global EV and PHEV Sales by Manufacturers
- 5.2.1 Global EV and PHEV Sales by Manufacturers (2021-2026)
- 5.2.2 Global EV and PHEV Sales Market Share by Manufacturers (2021-2026)
- 5.2.3 Global EV and PHEV Manufacturers Sales Share Top 10 and Top 5 in 2025
- 5.3 Global EV and PHEV Sales Price by Manufacturers (2021-2026)
- 5.4 Global EV and PHEV Key Manufacturers Ranking, 2024 VS 2025 VS 2026
- 5.5 Global EV and PHEV Key Manufacturers Manufacturing Sites & Headquarters
- 5.6 Global EV and PHEV Manufacturers, Product Type & Application
- 5.7 Global EV and PHEV Manufacturers Commercialization Time
- 5.8 Market Competitive Analysis
- 5.8.1 Global EV and PHEV Market CR5 and HHI
- 5.8.2 2025 EV and PHEV Tier 1, Tier 2, and Tier 3
6 EV and PHEV Market by Type
- 6.1 Global EV and PHEV Revenue by Type
- 6.1.1 Global EV and PHEV Revenue by Type (2021-2032) & (US$ Million)
- 6.1.2 Global EV and PHEV Revenue Market Share by Type (2021-2032)
- 6.2 Global EV and PHEV Sales by Type
- 6.2.1 Global EV and PHEV Sales by Type (2021-2032) & (k units)
- 6.2.2 Global EV and PHEV Sales Market Share by Type (2021-2032)
- 6.3 Global EV and PHEV Price by Type
7 EV and PHEV Market by Application
- 7.1 Global EV and PHEV Revenue by Application
- 7.1.1 Global EV and PHEV Revenue by Application (2021-2032) & (US$ Million)
- 7.1.2 Global EV and PHEV Revenue Market Share by Application (2021-2032)
- 7.2 Global EV and PHEV Sales by Application
- 7.2.1 Global EV and PHEV Sales by Application (2021-2032) & (k units)
- 7.2.2 Global EV and PHEV Sales Market Share by Application (2021-2032)
- 7.3 Global EV and PHEV Price by Application
8 Company Profiles
- 8.1 Volvo
- 8.1.1 Volvo Company Information
- 8.1.2 Volvo Business Overview
- 8.1.3 Volvo EV and PHEV Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.1.4 Volvo EV and PHEV Product Portfolio
- 8.1.5 Volvo Recent Developments
- 8.2 Volkswagen
- 8.2.1 Volkswagen Company Information
- 8.2.2 Volkswagen Business Overview
- 8.2.3 Volkswagen EV and PHEV Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.2.4 Volkswagen EV and PHEV Product Portfolio
- 8.2.5 Volkswagen Recent Developments
- 8.3 Toyota
- 8.3.1 Toyota Company Information
- 8.3.2 Toyota Business Overview
- 8.3.3 Toyota EV and PHEV Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.3.4 Toyota EV and PHEV Product Portfolio
- 8.3.5 Toyota Recent Developments
- 8.4 Tesla
- 8.4.1 Tesla Company Information
- 8.4.2 Tesla Business Overview
- 8.4.3 Tesla EV and PHEV Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.4.4 Tesla EV and PHEV Product Portfolio
- 8.4.5 Tesla Recent Developments
- 8.5 BMW
- 8.5.1 BMW Company Information
- 8.5.2 BMW Business Overview
- 8.5.3 BMW EV and PHEV Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.5.4 BMW EV and PHEV Product Portfolio
- 8.5.5 BMW Recent Developments
- 8.6 Porsche
- 8.6.1 Porsche Company Information
- 8.6.2 Porsche Business Overview
- 8.6.3 Porsche EV and PHEV Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.6.4 Porsche EV and PHEV Product Portfolio
- 8.6.5 Porsche Recent Developments
- 8.7 Nissan
- 8.7.1 Nissan Company Information
- 8.7.2 Nissan Business Overview
- 8.7.3 Nissan EV and PHEV Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.7.4 Nissan EV and PHEV Product Portfolio
- 8.7.5 Nissan Recent Developments
- 8.8 Mitsubishi
- 8.8.1 Mitsubishi Company Information
- 8.8.2 Mitsubishi Business Overview
- 8.8.3 Mitsubishi EV and PHEV Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.8.4 Mitsubishi EV and PHEV Product Portfolio
- 8.8.5 Mitsubishi Recent Developments
- 8.9 Kia
- 8.9.1 Kia Company Information
- 8.9.2 Kia Business Overview
- 8.9.3 Kia EV and PHEV Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.9.4 Kia EV and PHEV Product Portfolio
- 8.9.5 Kia Recent Developments
- 8.10 Hyundai
- 8.10.1 Hyundai Company Information
- 8.10.2 Hyundai Business Overview
- 8.10.3 Hyundai EV and PHEV Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.10.4 Hyundai EV and PHEV Product Portfolio
- 8.10.5 Hyundai Recent Developments
- 8.11 Honda
- 8.11.1 Honda Company Information
- 8.11.2 Honda Business Overview
- 8.11.3 Honda EV and PHEV Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.11.4 Honda EV and PHEV Product Portfolio
- 8.11.5 Honda Recent Developments
- 8.12 Ford
- 8.12.1 Ford Company Information
- 8.12.2 Ford Business Overview
- 8.12.3 Ford EV and PHEV Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.12.4 Ford EV and PHEV Product Portfolio
- 8.12.5 Ford Recent Developments
- 8.13 Fiat
- 8.13.1 Fiat Company Information
- 8.13.2 Fiat Business Overview
- 8.13.3 Fiat EV and PHEV Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.13.4 Fiat EV and PHEV Product Portfolio
- 8.13.5 Fiat Recent Developments
- 8.14 Chevrolet
- 8.14.1 Chevrolet Company Information
- 8.14.2 Chevrolet Business Overview
- 8.14.3 Chevrolet EV and PHEV Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.14.4 Chevrolet EV and PHEV Product Portfolio
- 8.14.5 Chevrolet Recent Developments
- 8.15 Audi
- 8.15.1 Audi Company Information
- 8.15.2 Audi Business Overview
- 8.15.3 Audi EV and PHEV Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.15.4 Audi EV and PHEV Product Portfolio
- 8.15.5 Audi Recent Developments
- 8.16 BYD
- 8.16.1 BYD Company Information
- 8.16.2 BYD Business Overview
- 8.16.3 BYD EV and PHEV Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.16.4 BYD EV and PHEV Product Portfolio
- 8.16.5 BYD Recent Developments
9 North America
- 9.1 North America EV and PHEV Market Size by Type
- 9.1.1 North America EV and PHEV Revenue by Type (2021-2032)
- 9.1.2 North America EV and PHEV Sales by Type (2021-2032)
- 9.1.3 North America EV and PHEV Price by Type (2021-2032)
- 9.2 North America EV and PHEV Market Size by Application
- 9.2.1 North America EV and PHEV Revenue by Application (2021-2032)
- 9.2.2 North America EV and PHEV Sales by Application (2021-2032)
- 9.2.3 North America EV and PHEV Price by Application (2021-2032)
- 9.3 North America EV and PHEV Market Size by Country
- 9.3.1 North America EV and PHEV Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 9.3.2 North America EV and PHEV Sales by Country (2021 VS 2025 VS 2032)
- 9.3.3 North America EV and PHEV Price by Country (2021-2032)
- 9.3.4 United States
- 9.3.5 Canada
- 9.3.6 Mexico
10 Europe
- 10.1 Europe EV and PHEV Market Size by Type
- 10.1.1 Europe EV and PHEV Revenue by Type (2021-2032)
- 10.1.2 Europe EV and PHEV Sales by Type (2021-2032)
- 10.1.3 Europe EV and PHEV Price by Type (2021-2032)
- 10.2 Europe EV and PHEV Market Size by Application
- 10.2.1 Europe EV and PHEV Revenue by Application (2021-2032)
- 10.2.2 Europe EV and PHEV Sales by Application (2021-2032)
- 10.2.3 Europe EV and PHEV Price by Application (2021-2032)
- 10.3 Europe EV and PHEV Market Size by Country
- 10.3.1 Europe EV and PHEV Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 10.3.2 Europe EV and PHEV Sales by Country (2021 VS 2025 VS 2032)
- 10.3.3 Europe EV and PHEV Price by Country (2021-2032)
- 10.3.4 Germany
- 10.3.5 France
- 10.3.6 U.K.
- 10.3.7 Italy
- 10.3.8 Russia
- 10.3.9 Spain
- 10.3.10 Netherlands
- 10.3.11 Switzerland
- 10.3.12 Sweden
11 China
- 11.1 China EV and PHEV Market Size by Type
- 11.1.1 China EV and PHEV Revenue by Type (2021-2032)
- 11.1.2 China EV and PHEV Sales by Type (2021-2032)
- 11.1.3 China EV and PHEV Price by Type (2021-2032)
- 11.2 China EV and PHEV Market Size by Application
- 11.2.1 China EV and PHEV Revenue by Application (2021-2032)
- 11.2.2 China EV and PHEV Sales by Application (2021-2032)
- 11.2.3 China EV and PHEV Price by Application (2021-2032)
12 Asia (Excluding China)
- 12.1 Asia EV and PHEV Market Size by Type
- 12.1.1 Asia EV and PHEV Revenue by Type (2021-2032)
- 12.1.2 Asia EV and PHEV Sales by Type (2021-2032)
- 12.1.3 Asia EV and PHEV Price by Type (2021-2032)
- 12.2 Asia EV and PHEV Market Size by Application
- 12.2.1 Asia EV and PHEV Revenue by Application (2021-2032)
- 12.2.2 Asia EV and PHEV Sales by Application (2021-2032)
- 12.2.3 Asia EV and PHEV Price by Application (2021-2032)
- 12.3 Asia EV and PHEV Market Size by Country
- 12.3.1 Asia EV and PHEV Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 12.3.2 Asia EV and PHEV Sales by Country (2021 VS 2025 VS 2032)
- 12.3.3 Asia EV and PHEV Price by Country (2021-2032)
- 12.3.4 Japan
- 12.3.5 South Korea
- 12.3.6 India
- 12.3.7 Australia
- 12.3.8 Taiwan
- 12.3.9 Southeast Asia
13 South America, Middle East and Africa
- 13.1 SAMEA EV and PHEV Market Size by Type
- 13.1.1 SAMEA EV and PHEV Revenue by Type (2021-2032)
- 13.1.2 SAMEA EV and PHEV Sales by Type (2021-2032)
- 13.1.3 SAMEA EV and PHEV Price by Type (2021-2032)
- 13.2 SAMEA EV and PHEV Market Size by Application
- 13.2.1 SAMEA EV and PHEV Revenue by Application (2021-2032)
- 13.2.2 SAMEA EV and PHEV Sales by Application (2021-2032)
- 13.2.3 SAMEA EV and PHEV Price by Application (2021-2032)
- 13.3 SAMEA EV and PHEV Market Size by Country
- 13.3.1 SAMEA EV and PHEV Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 13.3.2 SAMEA EV and PHEV Sales by Country (2021 VS 2025 VS 2032)
- 13.3.3 SAMEA EV and PHEV Price by Country (2021-2032)
- 13.3.4 Brazil
- 13.3.5 Argentina
- 13.3.6 Chile
- 13.3.7 Colombia
- 13.3.8 Peru
- 13.3.9 Saudi Arabia
- 13.3.10 Israel
- 13.3.11 UAE
- 13.3.12 Turkey
- 13.3.13 Iran
- 13.3.14 Egypt
14 Value Chain and Sales Channels Analysis
- 14.1 EV and PHEV Value Chain Analysis
- 14.1.1 EV and PHEV Key Raw Materials
- 14.1.2 Raw Materials Key Suppliers
- 14.1.3 Manufacturing Cost Structure
- 14.1.4 EV and PHEV Production Mode & Process
- 14.2 EV and PHEV Sales Channels Analysis
- 14.2.1 Direct Comparison with Distribution Share
- 14.2.2 EV and PHEV Distributors
- 14.2.3 EV and PHEV Customers
15 Concluding Insights
16 Appendix
- 16.1 Reasons for Doing This Study
- 16.2 Research Methodology
- 16.3 Research Process
- 16.4 Authors List of This Report
- 16.5 Data Source
- 16.5.1 Secondary Sources
- 16.5.2 Primary Sources
- 16.6 Disclaimer
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