Selected research
Market Structure
Global EV and PHEV Market by Size, by Type, by Application, by Region, History and Forecast 2021-2032
Market perspective
The global EV and PHEV market is projected to grow from US$ million in 2026 to US$ million by 2032, implying a CAGR of % over 2026-2032.
The US & Canada market for EV and PHEV is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
The Europe market for EV and PHEV is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Read the full market overview
The Asia Pacific market for EV and PHEV is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
The China market for EV and PHEV is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Leading global manufacturers of EV and PHEV include Volvo, Volkswagen, Toyota, Tesla, BMW, Porsche, Nissan, Mitsubishi and Kia, among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
On the production side, the report examines EV and PHEV output, growth rates, and market shares by manufacturer and by region (at regional and country level) for 2021-2026, with forecasts through 2032.
On the consumption side, the report analyzes sales of EV and PHEV by region (regional and country level), company, type, and application for 2021-2026 and provides forecasts through 2032.
The report provides an overview of the global EV and PHEV market in terms of capacity, output, revenue, and price, analyzing global market trends using historical revenue and sales data for 2021-2025, estimates for 2026, and projected CAGRs through 2032.
The study covers key producers of EV and PHEV and consumption patterns in major regions and countries, assesses future market potential, and highlights priority regions and countries for segmenting the market into sub-sectors, with country-specific market value data for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, the Middle East, Africa, and other countries.
The report also presents EV and PHEV sales, revenue, market share, and industry ranking for the main manufacturers for 2021-2026, identifies the major stakeholders in the global market, and analyzes their competitive landscape and market positioning based on recent developments and segmental revenues.
In addition, the report analyzes segment data by type and application—covering sales, revenue, and price—for 2021-2032, and evaluates and forecasts the EV and PHEV market size, projected growth trends, production technologies, key applications, and end-use industries.
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: Provides an overview of the EV and PHEV market, including product definition, global market growth prospects, production value, capacity, and average price forecasts (2021-2032).
Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global EV and PHEV industry.
Chapter 3: Detailed analysis of EV and PHEV market competition landscape. Including EV and PHEV manufacturers' output value, output and average price from 2021 to 2026, as well as competition analysis indicators such as origin, product type, application, merger and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 7: Production/Production Value of EV and PHEV by region. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 8: Consumption of EV and PHEV in 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, and production of each country in the world.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: 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 Global Market Growth Prospects
- 1.2.1 Global EV and PHEV Production Value Estimates and Forecasts (2021-2032)
- 1.2.2 Global EV and PHEV Production Capacity Estimates and Forecasts (2021-2032)
- 1.2.3 Global EV and PHEV Production Estimates and Forecasts (2021-2032)
- 1.2.4 Global EV and PHEV Market Average Price (2021-2032)
- 1.3 Assumptions and Limitations
- 1.4 Study Goals and Objectives
2 Global 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 EV and PHEV Market by Manufacturers
- 3.1 Global EV and PHEV Production Value by Manufacturers (2021-2026)
- 3.2 Global EV and PHEV Production by Manufacturers (2021-2026)
- 3.3 Global EV and PHEV Average Price by Manufacturers (2021-2026)
- 3.4 Global EV and PHEV Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global EV and PHEV Key Manufacturers Manufacturing Sites & Headquarters
- 3.6 Global EV and PHEV Manufacturers, Product Type & Application
- 3.7 Global EV and PHEV Manufacturers Established Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global EV and PHEV Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 EV and PHEV Players Market Share by Production Value in 2025
- 3.8.3 2025 EV and PHEV Tier 1, Tier 2, and Tier 3
4 EV and PHEV Market by Type
- 4.1 EV and PHEV Type Introduction
- 4.1.1 EV
- 4.1.2 PHEV
- 4.2 Global EV and PHEV Production by Type
- 4.2.1 Global EV and PHEV Production by Type (2021 VS 2025 VS 2032)
- 4.2.2 Global EV and PHEV Production by Type (2021-2032)
- 4.2.3 Global EV and PHEV Production Market Share by Type (2021-2032)
- 4.3 Global EV and PHEV Production Value by Type
- 4.3.1 Global EV and PHEV Production Value by Type (2021 VS 2025 VS 2032)
- 4.3.2 Global EV and PHEV Production Value by Type (2021-2032)
- 4.3.3 Global EV and PHEV Production Value Market Share by Type (2021-2032)
5 EV and PHEV Market by Application
- 5.1 EV and PHEV Application Introduction
- 5.1.1 Commercial Vehicle
- 5.1.2 Passenger Vehicle
- 5.2 Global EV and PHEV Production by Application
- 5.2.1 Global EV and PHEV Production by Application (2021 VS 2025 VS 2032)
- 5.2.2 Global EV and PHEV Production by Application (2021-2032)
- 5.2.3 Global EV and PHEV Production Market Share by Application (2021-2032)
- 5.3 Global EV and PHEV Production Value by Application
- 5.3.1 Global EV and PHEV Production Value by Application (2021 VS 2025 VS 2032)
- 5.3.2 Global EV and PHEV Production Value by Application (2021-2032)
- 5.3.3 Global EV and PHEV Production Value Market Share by Application (2021-2032)
6 Company Profiles
- 6.1 Volvo
- 6.1.1 Volvo Company Information
- 6.1.2 Volvo Business Overview
- 6.1.3 Volvo EV and PHEV Production, Value and Gross Margin (2021-2026)
- 6.1.4 Volvo EV and PHEV Product Portfolio
- 6.1.5 Volvo Recent Developments
- 6.2 Volkswagen
- 6.2.1 Volkswagen Company Information
- 6.2.2 Volkswagen Business Overview
- 6.2.3 Volkswagen EV and PHEV Production, Value and Gross Margin (2021-2026)
- 6.2.4 Volkswagen EV and PHEV Product Portfolio
- 6.2.5 Volkswagen Recent Developments
- 6.3 Toyota
- 6.3.1 Toyota Company Information
- 6.3.2 Toyota Business Overview
- 6.3.3 Toyota EV and PHEV Production, Value and Gross Margin (2021-2026)
- 6.3.4 Toyota EV and PHEV Product Portfolio
- 6.3.5 Toyota Recent Developments
- 6.4 Tesla
- 6.4.1 Tesla Company Information
- 6.4.2 Tesla Business Overview
- 6.4.3 Tesla EV and PHEV Production, Value and Gross Margin (2021-2026)
- 6.4.4 Tesla EV and PHEV Product Portfolio
- 6.4.5 Tesla Recent Developments
- 6.5 BMW
- 6.5.1 BMW Company Information
- 6.5.2 BMW Business Overview
- 6.5.3 BMW EV and PHEV Production, Value and Gross Margin (2021-2026)
- 6.5.4 BMW EV and PHEV Product Portfolio
- 6.5.5 BMW Recent Developments
- 6.6 Porsche
- 6.6.1 Porsche Company Information
- 6.6.2 Porsche Business Overview
- 6.6.3 Porsche EV and PHEV Production, Value and Gross Margin (2021-2026)
- 6.6.4 Porsche EV and PHEV Product Portfolio
- 6.6.5 Porsche Recent Developments
- 6.7 Nissan
- 6.7.1 Nissan Company Information
- 6.7.2 Nissan Business Overview
- 6.7.3 Nissan EV and PHEV Production, Value and Gross Margin (2021-2026)
- 6.7.4 Nissan EV and PHEV Product Portfolio
- 6.7.5 Nissan Recent Developments
- 6.8 Mitsubishi
- 6.8.1 Mitsubishi Company Information
- 6.8.2 Mitsubishi Business Overview
- 6.8.3 Mitsubishi EV and PHEV Production, Value and Gross Margin (2021-2026)
- 6.8.4 Mitsubishi EV and PHEV Product Portfolio
- 6.8.5 Mitsubishi Recent Developments
- 6.9 Kia
- 6.9.1 Kia Company Information
- 6.9.2 Kia Business Overview
- 6.9.3 Kia EV and PHEV Production, Value and Gross Margin (2021-2026)
- 6.9.4 Kia EV and PHEV Product Portfolio
- 6.9.5 Kia Recent Developments
- 6.10 Hyundai
- 6.10.1 Hyundai Company Information
- 6.10.2 Hyundai Business Overview
- 6.10.3 Hyundai EV and PHEV Production, Value and Gross Margin (2021-2026)
- 6.10.4 Hyundai EV and PHEV Product Portfolio
- 6.10.5 Hyundai Recent Developments
- 6.11 Honda
- 6.11.1 Honda Company Information
- 6.11.2 Honda Business Overview
- 6.11.3 Honda EV and PHEV Production, Value and Gross Margin (2021-2026)
- 6.11.4 Honda EV and PHEV Product Portfolio
- 6.11.5 Honda Recent Developments
- 6.12 Ford
- 6.12.1 Ford Company Information
- 6.12.2 Ford Business Overview
- 6.12.3 Ford EV and PHEV Production, Value and Gross Margin (2021-2026)
- 6.12.4 Ford EV and PHEV Product Portfolio
- 6.12.5 Ford Recent Developments
- 6.13 Fiat
- 6.13.1 Fiat Company Information
- 6.13.2 Fiat Business Overview
- 6.13.3 Fiat EV and PHEV Production, Value and Gross Margin (2021-2026)
- 6.13.4 Fiat EV and PHEV Product Portfolio
- 6.13.5 Fiat Recent Developments
- 6.14 Chevrolet
- 6.14.1 Chevrolet Company Information
- 6.14.2 Chevrolet Business Overview
- 6.14.3 Chevrolet EV and PHEV Production, Value and Gross Margin (2021-2026)
- 6.14.4 Chevrolet EV and PHEV Product Portfolio
- 6.14.5 Chevrolet Recent Developments
- 6.15 Audi
- 6.15.1 Audi Company Information
- 6.15.2 Audi Business Overview
- 6.15.3 Audi EV and PHEV Production, Value and Gross Margin (2021-2026)
- 6.15.4 Audi EV and PHEV Product Portfolio
- 6.15.5 Audi Recent Developments
- 6.16 BYD
- 6.16.1 BYD Company Information
- 6.16.2 BYD Business Overview
- 6.16.3 BYD EV and PHEV Production, Value and Gross Margin (2021-2026)
- 6.16.4 BYD EV and PHEV Product Portfolio
- 6.16.5 BYD Recent Developments
7 Global EV and PHEV Production by Region
- 7.1 Global EV and PHEV Production by Region: 2021 VS 2025 VS 2032
- 7.2 Global EV and PHEV Production by Region (2021-2032)
- 7.2.1 Global EV and PHEV Production by Region (2021-2026)
- 7.2.2 Global EV and PHEV Production Forecast by Region (2027-2032)
- 7.3 Global EV and PHEV Production by Region: 2021 VS 2025 VS 2032
- 7.4 Global EV and PHEV Production Value by Region (2021-2032)
- 7.4.1 Global EV and PHEV Production Value by Region (2021-2026)
- 7.4.2 Global EV and PHEV Production Value by Region (2027-2032)
- 7.5 Global EV and PHEV Market Price Analysis by Region (2021-2032)
- 7.6 Regional Production Value Trends (2021-2032)
- 7.6.1 North America EV and PHEV Production Value (2021-2032)
- 7.6.2 Europe EV and PHEV Production Value (2021-2032)
- 7.6.3 Asia-Pacific EV and PHEV Production Value (2021-2032)
- 7.6.4 South America EV and PHEV Production Value (2021-2032)
- 7.6.5 Middle East & Africa EV and PHEV Production Value (2021-2032)
8 Global EV and PHEV Consumption by Region
- 8.1 Global EV and PHEV Consumption by Region: 2021 VS 2025 VS 2032
- 8.2 Global EV and PHEV Consumption by Region (2021-2032)
- 8.2.1 Global EV and PHEV Consumption by Region (2021-2026)
- 8.2.2 Global EV and PHEV Consumption by Region (2027-2032)
- 8.3 North America
- 8.3.1 North America EV and PHEV Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3.2 North America EV and PHEV Consumption by Country (2021-2032)
- 8.3.3 U.S.
- 8.3.4 Canada
- 8.3.5 Mexico
- 8.4 Europe
- 8.4.1 Europe EV and PHEV Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.4.2 Europe EV and PHEV Consumption by Country (2021-2032)
- 8.4.3 Germany
- 8.4.4 France
- 8.4.5 U.K.
- 8.4.6 Italy
- 8.4.7 Netherlands
- 8.5 Asia Pacific
- 8.5.1 Asia Pacific EV and PHEV Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.5.2 Asia Pacific EV and PHEV Consumption by Country (2021-2032)
- 8.5.3 China
- 8.5.4 Japan
- 8.5.5 South Korea
- 8.5.6 Southeast Asia
- 8.5.7 India
- 8.5.8 Australia
- 8.6 South America
- 8.6.1 South America EV and PHEV Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.6.2 South America EV and PHEV Consumption by Country (2021-2032)
- 8.6.3 Brazil
- 8.6.4 Argentina
- 8.6.5 Chile
- 8.6.6 Colombia
- 8.7 Middle East & Africa
- 8.7.1 Middle East & Africa EV and PHEV Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.7.2 Middle East & Africa EV and PHEV Consumption by Country (2021-2032)
- 8.7.3 Egypt
- 8.7.4 South Africa
- 8.7.5 Israel
- 8.7.6 Türkiye
- 8.7.7 GCC Countries
9 Value Chain and Sales Channels Analysis
- 9.1 EV and PHEV Value Chain Analysis
- 9.1.1 EV and PHEV Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Manufacturing Cost Structure
- 9.1.4 EV and PHEV Production Mode & Process
- 9.2 EV and PHEV Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 EV and PHEV Distributors
- 9.2.3 EV and PHEV Customers
10 Concluding Insights
11 Appendix
- 11.1 Reasons for Doing This Study
- 11.2 Research Methodology
- 11.3 Research Process
- 11.4 Authors List of This Report
- 11.5 Data Source
- 11.5.1 Secondary Sources
- 11.5.2 Primary Sources
- 11.6 Disclaimer
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