DUBLIN--(BUSINESS WIRE)--The "Global Electric Vehicle Market Outlook, 2019" report has been added to ResearchAndMarkets.com's offering.
About 2 million electric vehicles were sold globally out of which 68.7% were battery electric vehicles (BEV) and 31.3% were plugin hybrid electric vehicles (PHEV) recording a y-o-y market growth of 57.3%. China retained its market leadership for the 5th consecutive year with a 55.5% share, selling approximately 1.1 million electric vehicles (75% of it being BEVs and 25% PHEVs) and recording a 63.5% y-o-y market growth.
Approximately 2.4 million hybrid electric vehicles (HEV) were sold globally which includes both mild and full hybrid vehicles. APAC sales consisted of 60.3% followed by Europe with 22.0% market share. Canada (+137.4%), South Korea (+83.4%) and USA (+77.1%) were the top 3 countries to experience highest y-o-y growth. In Canada and South Korea it was mainly to due increased in a number of models available and in the US it was the Tesla Model 3.
For the first time, Tesla emerged as the market leader with the launch of Model 3. Tesla sold the highest number of cars constituting to 11.8% (231,850 units) of the total market closely followed by BYD with 11.3% (222,743) market share. 207 models (143 BEVs and 64 PHEVs) were available for sale in 2018 as compared to 165 (109 BEVs and 56 PHEVs) in 2017.
In 2019 were 45 models added to the list which consisted of 37 BEVs and 8 PHEVs. BMW became the first automaker to offer inductive charging on its BMW 530e iPerformance model at an additional cost of $3,700 including taxes ($1000 for the module on the vehicle and $2,700 for mounting the control box).
Over 2.8 million electric vehicles are likely to be sold globally in 2019 in which 68% will be BEVs and 32% will be plug-in hybrids. The EV market will account for 3% of the total passenger car market. China will continue to lead with over 58% market share followed by Europe and North America. More than 43 models are confirmed to be launched in 2019 in which 25 will be BEVs and remaining being PHEVs. The models will be a mix of small city cars, SUVs and performance vehicles.
Africa, Middle East, Latin America, and South Asia will be the next markets for electric vehicles that have the highest potential due to a heavy push from local government through incentives and subsidies for both automakers and car buyers. Incentives on EVs will be reduced in some countries such as China, the UK, and the USA. Cash incentives in the US will be reduced by 50% ($3,750) as some automakers have surpassed 200,000 units sales.
The competition will be tougher for the foreign automaker in China as it will introduce stringent norms for automakers to promote electric vehicles by introducing a credit system. Automakers will require credits to produce conventional vehicles. For example, if an automaker wants to produce 100,000 conventional vehicles, it will require 10,000 credits which will be gained by producing 2,000 EVs.
Key Topics Covered:
1. Executive Summary
- Top Findings - Market Outlook
- Key Predictions - 2019
- Electric Vehicles Sold in the Last Decade
- EV Market Outlook 2018 - Global
- 2019 Confirmed Launches
- Regional Overview - Current Production Scenario
- EV Start-up Hotspot by Region
- OEM Battery Thermal Management Strategy
- Giga-factories - Battle of Supply
- Battery Specification Roadmap
- Geographical Distribution of Charging Stations
2. Research Scope and Segmentation
- Research Scope
- Research Aims and Objectives
- Key Questions this Study will Answer
- Research Background
- Research Methodology
- Key OEMs or Participant Groups Compared in this Study
3. 2018 Global Economic Outlook
- Top 2018 Global Economic Trends
- Top 2019 Global Economic Predictions
- Top 2019 Predictions - Advanced Economies
- Top 2019 Predictions - Emerging Economies
- World GDP Growth Snapshot
- World's 20 Fastest Growing Economies in 2018 and 2019
4. 2018 Industry Key Findings
- 2018 Top Findings - Market Outlook
- Top Findings - Voice of Consumer
- Key Predictions - 2019
- Top Findings - Automakers
- October 2018 EV and HEV Penetration Dashboard
- Cost-Benefit Analysis - Leasing vs. Owning
5. Market Measurements
- EV Market Outlook 2018 - Global
- EV Market Outlook 2019 - Global
- Electric Vehicles Sold in the Last Decade
- Hybrid and Electric Vehicle Sales Mix to 2025
- xEV Passenger Car Breakdown by Region - 2025
- Sales Forecast by Region and Technology
- Top 20 EVs Sold in 2018
- Monthly EV Sales by EV Type and Top 5 Selling Models
- Sales by Top OEMs - 2018 Vs 2019
6. Hybrid Electric Vehicles (HEV)
- HEV Market Outlook 2018 - Global
- Top 20 HEVs Sold in 2018
- Monthly EV Sales by EV Type and Top 5 Selling Models
- HEV Sales by Country - Top 10
- Current and Future Outlook for 48v
7. 2018 - Regional Outlook
8. 2019 - Regional Outlook
9. Key Regulations and Government Policies
10. Key Incentives and Subsidies
- Europe - EV Incentives
- USA - Tax Credit Program
- USA and China - Tax Credit Program
11. Trends in Battery Manufacturing and Production
- Regional Overview - Current Production Scenario
- Regional Overview - Asia's Dominance
- Regional Overview - Production Plants in China
- Regional Overview - Europe's Roadmap
- Regional Overview - Shift to Europe?
- Regional Overview - Li-Ion Production Expansion Plans, EU
12. Gigafactories
- LiB Manufacturing Targets Announced by Battery Makers
- Active and Planned LiB Plants - Top 8 Manufacturers
- Giga Factories - Market Share Analysis
13. Supply Chain Analysis
- Giga-factories - Battle of Supply
- Battery Supply Chain by Battery Cell Chemistry
- Battery Portfolio - Battery Chemistry Adoption Trend (OEM)
- Battery Portfolio - Battery Value Chain Mapping
- Battery Portfolio - Battery Value Chain Mapping (Premium Segment OEM)
- Current Benchmarking of OEM Sourcing Strategies
14. Trends in Battery Thermal Management
- Market Snapshot
- xEV Battery Specifications
- Battery Specification Roadmap
- IRE Safety Compliance Technologies
- OEM Battery Thermal Management Strategy
- Technology Roadmap by P-BTMS Solution
- Future Trend in BTMS - Centralized Active Cooling
- Battery Energy Storage Market (Residential)
- Market Share of Battery Storage System Suppliers
15. Trends in EV Startup Ecosystem
- Key EV Start-up Landscape Highlights
- Funding Trends by Region
- Potential Partnership Targets
- First Level Snapshot of EV Start-up Landscape
- Analysis of Startup's Launch Year
- EV Start-up Hotspot by Region
- Analysis of Chinese EV Startup Market
16. Trends in Electric Vehicle Charging Infrastructure
- Geographical Distribution of Charging Stations
- Battery Thermal Management - Technology Roadmap
- DC Fast Charging - Future Configurations and Requirements
- Charging Stations by Top 10 States - The United States
- Charging Stations by Country - Europe
- Charging Stations by Country - China
- AC Level 2+ Charging - The Future of AC Fast Charging
- DC Fast Charging - Future Configurations and Requirements: CCS to CCS+
- Electric Vehicle Charging Value Chain
- EV Charging Ecosystem - Value Creation
- Innovative Business Models - An Overview
- Is Data Monetization the Next Big Wave in Charging?
- Potential Revenue Sources
- EV Charging Installation by Owner Type
17. Growth Opportunities and Companies to Action
- Growth Opportunity
- Strategic Imperatives for Electric Vehicle Market
18. Key Conclusion and Future Outlook
- Conclusion and Recommendations
- Legal Disclaimer
19. Appendix
- Market Engineering Methodology
- List of Exhibits
Companies Mentioned
- BMW
- BYD
- Tesla
For more information about this report visit https://www.researchandmarkets.com/r/mdpm6t
