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Industry Research
EV and PHEV Industry Research Report 2026
Market perspective
The global EV and PHEV market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
The North America market for EV and PHEV is forecast to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026–2032.
The Europe market for EV and PHEV is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032.
Read the full market overview
The Asia Pacific market for EV and PHEV is expected to grow 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 , among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report quantifies the global EV and PHEV market in revenue (US$ million) and, where applicable, sales volume (k units), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/k units) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to EV and PHEV.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
EV and PHEV Market 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
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
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: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, 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 3: Detailed analysis of EV and PHEV manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: Production/output, value of EV and PHEV by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: 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 7: 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 8: 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 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: 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 11: The main points and conclusions 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 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 EV and PHEV by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 EV
- 2.2.3 PHEV
- 2.3 EV and PHEV by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Commercial Vehicle
- 2.3.3 Passenger Vehicle
- 2.4 Global Market Growth Prospects
- 2.4.1 Global EV and PHEV Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global EV and PHEV Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global EV and PHEV Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global EV and PHEV Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global EV and PHEV Production by Manufacturers (2021-2026)
- 3.2 Global EV and PHEV Production Value 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 Global EV and PHEV Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Volvo
- 4.1.1 Volvo EV and PHEV Company Information
- 4.1.2 Volvo EV and PHEV Business Overview
- 4.1.3 Volvo EV and PHEV Production, Value and Gross Margin (2021-2026)
- 4.1.4 Volvo Product Portfolio
- 4.1.5 Volvo Recent Developments
- 4.2 Volkswagen
- 4.2.1 Volkswagen EV and PHEV Company Information
- 4.2.2 Volkswagen EV and PHEV Business Overview
- 4.2.3 Volkswagen EV and PHEV Production, Value and Gross Margin (2021-2026)
- 4.2.4 Volkswagen Product Portfolio
- 4.2.5 Volkswagen Recent Developments
- 4.3 Toyota
- 4.3.1 Toyota EV and PHEV Company Information
- 4.3.2 Toyota EV and PHEV Business Overview
- 4.3.3 Toyota EV and PHEV Production, Value and Gross Margin (2021-2026)
- 4.3.4 Toyota Product Portfolio
- 4.3.5 Toyota Recent Developments
- 4.4 Tesla
- 4.4.1 Tesla EV and PHEV Company Information
- 4.4.2 Tesla EV and PHEV Business Overview
- 4.4.3 Tesla EV and PHEV Production, Value and Gross Margin (2021-2026)
- 4.4.4 Tesla Product Portfolio
- 4.4.5 Tesla Recent Developments
- 4.5 BMW
- 4.5.1 BMW EV and PHEV Company Information
- 4.5.2 BMW EV and PHEV Business Overview
- 4.5.3 BMW EV and PHEV Production, Value and Gross Margin (2021-2026)
- 4.5.4 BMW Product Portfolio
- 4.5.5 BMW Recent Developments
- 4.6 Porsche
- 4.6.1 Porsche EV and PHEV Company Information
- 4.6.2 Porsche EV and PHEV Business Overview
- 4.6.3 Porsche EV and PHEV Production, Value and Gross Margin (2021-2026)
- 4.6.4 Porsche Product Portfolio
- 4.6.5 Porsche Recent Developments
- 4.7 Nissan
- 4.7.1 Nissan EV and PHEV Company Information
- 4.7.2 Nissan EV and PHEV Business Overview
- 4.7.3 Nissan EV and PHEV Production, Value and Gross Margin (2021-2026)
- 4.7.4 Nissan Product Portfolio
- 4.7.5 Nissan Recent Developments
- 4.8 Mitsubishi
- 4.8.1 Mitsubishi EV and PHEV Company Information
- 4.8.2 Mitsubishi EV and PHEV Business Overview
- 4.8.3 Mitsubishi EV and PHEV Production, Value and Gross Margin (2021-2026)
- 4.8.4 Mitsubishi Product Portfolio
- 4.8.5 Mitsubishi Recent Developments
- 4.9 Kia
- 4.9.1 Kia EV and PHEV Company Information
- 4.9.2 Kia EV and PHEV Business Overview
- 4.9.3 Kia EV and PHEV Production, Value and Gross Margin (2021-2026)
- 4.9.4 Kia Product Portfolio
- 4.9.5 Kia Recent Developments
- 4.10 Hyundai
- 4.10.1 Hyundai EV and PHEV Company Information
- 4.10.2 Hyundai EV and PHEV Business Overview
- 4.10.3 Hyundai EV and PHEV Production, Value and Gross Margin (2021-2026)
- 4.10.4 Hyundai Product Portfolio
- 4.10.5 Hyundai Recent Developments
- 4.11 Honda
- 4.11.1 Honda EV and PHEV Company Information
- 4.11.2 Honda EV and PHEV Business Overview
- 4.11.3 Honda EV and PHEV Production, Value and Gross Margin (2021-2026)
- 4.11.4 Honda Product Portfolio
- 4.11.5 Honda Recent Developments
- 4.12 Ford
- 4.12.1 Ford EV and PHEV Company Information
- 4.12.2 Ford EV and PHEV Business Overview
- 4.12.3 Ford EV and PHEV Production, Value and Gross Margin (2021-2026)
- 4.12.4 Ford Product Portfolio
- 4.12.5 Ford Recent Developments
- 4.13 Fiat
- 4.13.1 Fiat EV and PHEV Company Information
- 4.13.2 Fiat EV and PHEV Business Overview
- 4.13.3 Fiat EV and PHEV Production, Value and Gross Margin (2021-2026)
- 4.13.4 Fiat Product Portfolio
- 4.13.5 Fiat Recent Developments
- 4.14 Chevrolet
- 4.14.1 Chevrolet EV and PHEV Company Information
- 4.14.2 Chevrolet EV and PHEV Business Overview
- 4.14.3 Chevrolet EV and PHEV Production, Value and Gross Margin (2021-2026)
- 4.14.4 Chevrolet Product Portfolio
- 4.14.5 Chevrolet Recent Developments
- 4.15 Audi
- 4.15.1 Audi EV and PHEV Company Information
- 4.15.2 Audi EV and PHEV Business Overview
- 4.15.3 Audi EV and PHEV Production, Value and Gross Margin (2021-2026)
- 4.15.4 Audi Product Portfolio
- 4.15.5 Audi Recent Developments
- 4.16 BYD
- 4.16.1 BYD EV and PHEV Company Information
- 4.16.2 BYD EV and PHEV Business Overview
- 4.16.3 BYD EV and PHEV Production, Value and Gross Margin (2021-2026)
- 4.16.4 BYD Product Portfolio
- 4.16.5 BYD Recent Developments
5 Global EV and PHEV Production by Region
- 5.1 Global EV and PHEV Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global EV and PHEV Production by Region: 2021-2032
- 5.2.1 Global EV and PHEV Production by Region: 2021-2026
- 5.2.2 Global EV and PHEV Production Forecast by Region (2027-2032)
- 5.3 Global EV and PHEV Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global EV and PHEV Production Value by Region: 2021-2032
- 5.4.1 Global EV and PHEV Production Value by Region: 2021-2026
- 5.4.2 Global EV and PHEV Production Value Forecast by Region (2027-2032)
- 5.5 Global EV and PHEV Market Price Analysis by Region (2021-2026)
- 5.6 Global EV and PHEV Production and Value, YOY Growth
- 5.6.1 North America EV and PHEV Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe EV and PHEV Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China EV and PHEV Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan EV and PHEV Production Value Estimates and Forecasts (2021-2032)
- 5.6.5 South Korea EV and PHEV Production Value Estimates and Forecasts (2021-2032)
- 5.6.6 India EV and PHEV Production Value Estimates and Forecasts (2021-2032)
6 Global EV and PHEV Consumption by Region
- 6.1 Global EV and PHEV Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global EV and PHEV Consumption by Region (2021-2032)
- 6.2.1 Global EV and PHEV Consumption by Region: 2021-2026
- 6.2.2 Global EV and PHEV Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America EV and PHEV Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America EV and PHEV Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe EV and PHEV Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe EV and PHEV Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific EV and PHEV Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific EV and PHEV Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa EV and PHEV Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa EV and PHEV Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global EV and PHEV Production by Type (2021-2032)
- 7.1.1 Global EV and PHEV Production by Type (2021-2032) & (k units)
- 7.1.2 Global EV and PHEV Production Market Share by Type (2021-2032)
- 7.2 Global EV and PHEV Production Value by Type (2021-2032)
- 7.2.1 Global EV and PHEV Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global EV and PHEV Production Value Market Share by Type (2021-2032)
- 7.3 Global EV and PHEV Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global EV and PHEV Production by Application (2021-2032)
- 8.1.1 Global EV and PHEV Production by Application (2021-2032) & (k units)
- 8.1.2 Global EV and PHEV Production Market Share by Application (2021-2032)
- 8.2 Global EV and PHEV Production Value by Application (2021-2032)
- 8.2.1 Global EV and PHEV Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global EV and PHEV Production Value Market Share by Application (2021-2032)
- 8.3 Global EV and PHEV Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 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 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 Global EV and PHEV Analyzing Market Dynamics
- 10.1 EV and PHEV Industry Trends
- 10.2 EV and PHEV Industry Drivers
- 10.3 EV and PHEV Industry Opportunities and Challenges
- 10.4 EV and PHEV Industry Restraints
11 Report Conclusion
12 Disclaimer
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