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Zero Emission Vehicle Market Trends

Report ID: GMI8934
   |
Published Date: April 2024
 | 
Report Format: PDF

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Zero Emission Vehicle Market Trends

Rising government initiatives aimed at promoting zero emissions are driving significant trends in the zero emission vehicle (ZEV) industry. Countries worldwide are implementing policies such as vehicle emission standards, tax incentives, and subsidies to encourage the adoption of ZEVs. Additionally, mandates for automakers to produce a certain percentage of electric or zero-emission vehicles further propel zero emission vehicle market growth. These initiatives not only stimulate consumer demand but also spur innovation and investment in ZEV technology and infrastructure.
 

Moreover, government procurement programs for ZEV fleets set a leading example for private-sector adoption. As governments prioritize sustainability and combat climate change, the ZEV market is poised for continued expansion, shaping the future of transportation towards cleaner, more sustainable alternatives.
 

For instance, in March 2024, the Biden-Harris Administration unveiled the National Zero-Emission Freight Corridor Strategy. Crafted by the U.S. Department of Energy (DOE) alongside the Joint Office of Energy and Transportation, this strategy outlined planned for the rollout of charging and hydrogen fueling infrastructure for zero-emission medium- and heavy-duty vehicles (ZE-MHDVs) from 2024 to 2040.

Authors: Preeti Wadhwani,
Frequently Asked Question(FAQ) :
How much is the zero-emission vehicle market worth?
The market size of zero-emission vehicle reached USD 194.7 billion in 2023 and is set to witness 15% CAGR between 2024 and 2032, propelled by the growing awareness of environmental issues.
Why is the demand for passenger cars rising in the zero-emission vehicle industry?
Why are zero emission vehicles gaining popularity in North America?
Who are the major zero emission vehicle market players?
Zero Emission Vehicle Market Scope

Report Content 

Chapter 1   Methodology & Scope

1.1   Research design

1.1.1    Research approach

1.1.2    Data collection methods

1.2   Base estimates and calculations

1.2.1    Base year calculation

1.2.2    Key trends for market estimates

1.3   Forecast model

1.4   Primary research & validation

1.4.1    Primary sources

1.4.2    Data mining sources

1.5   Market definitions

Chapter 2   Executive Summary

2.1   Industry 360synopsis, 2021 - 2032

Chapter 3   Industry Insights

3.1   Industry ecosystem analysis

3.2   Supplier landscape

3.2.1    Raw material suppliers

3.2.2    Component suppliers

3.2.3    Vehicle manufacturers

3.2.4    Software & connectivity providers

3.2.5    End-users

3.3   Profit margin analysis

3.4   Technology & innovation landscape

3.5   Patent analysis

3.6   Key news & initiatives

3.7   Regulatory landscape

3.8   Impact forces

3.8.1   Growth drivers

3.8.1.1    Increasing consumer interest in sustainability and innovation

3.8.1.2    Integration of ZEVs into fleet operations

3.8.1.3    Growing preference for eco-friendly transportation options

3.8.1.4    Investments in improving accessibility and convenience for EV owners.

3.8.2   Industry pitfalls & challenges

3.8.2.1    Overcoming perceptions of ZEVs as less powerful or convenient

3.8.2.2    Higher upfront costs compared to traditional vehicles, impacting accessibility.

3.9   Growth potential analysis

3.10   Porter’s analysis

3.11   PESTEL analysis

Chapter 4   Competitive Landscape, 2023

4.1   Introduction

4.2   Company market share analysis

4.3   Competitive positioning matrix

4.4   Strategic outlook matrix

Chapter 5   Market Estimates & Forecast, By Vehicle Class 2021 - 2032 ($Bn & Units)

5.1   Key trends

5.2   Passenger Cars

5.2.1    Battery Electric Vehicles (BEVs)

5.2.2    Fuel Cell Electric Vehicles (FCEVs)

5.3   Commercial Vehicles

5.3.1    Battery Electric Vehicles (BEVs)

5.3.2    Fuel Cell Electric Vehicles (FCEVs)

5.4   Two Wheelers

5.4.1    Battery Electric Vehicles (BEVs)

5.4.2    Fuel Cell Electric Vehicles (FCEVs)

Chapter 6   Market Estimates & Forecast, By Vehicle Type, 2021 - 2032 ($Bn & Units)

6.1   Key trends

6.2   Battery Electric Vehicles (BEVs)

6.3   Fuel Cell Electric Vehicles (FCEVs)

Chapter 7   Market Estimates & Forecast, By Drive, 2021 - 2032 ($Bn & Units)

7.1   Key trends

7.2   Front wheel drive

7.3   Rear wheel drive

7.4   All-Wheel drive

Chapter 8   Market Estimates & Forecast, By Top Speed, 2021 - 2032 ($Bn & Units)

8.1   Key trends

8.2   Less than 100 Mph

8.3. 100 to 125 Mph

8.4   More than 125 Mph

Chapter 9   Market Estimates & Forecast, By Region, 2021 - 2032 ($Bn & Units)

9.1   Key trends

9.2   North America

9.2.1   U.S.

9.2.2   Canada

9.3   Europe

9.3.1   UK

9.3.2   Germany

9.3.3   France

9.3.4   Italy

9.3.5   Spain

9.3.6   Russia

9.3.7   Rest of Europe

9.4   Asia Pacific

9.4.1   China

9.4.2   India

9.4.3   Japan

9.4.4   South Korea

9.4.5   ANZ

9.4.6   Southeast Asia

9.4.7   Rest of Asia Pacific

9.5   Latin America

9.5.1   Brazil

9.5.2   Mexico

9.5.3   Argentina

9.5.4   Rest of Latin America

9.6   MEA

9.6.1   UAE

9.6.2   South Africa

9.6.3   Saudi Arabia

9.6.4   Rest of MEA

Chapter 10   Company Profiles

10.1   BMW Group

10.2   Dongfeng Motor

10.3   Ford Motor Company

10.4   General Motors

10.5   Honda Motor Co Ltd

10.6   Hyundai Motor Company

10.7   KIA

10.8   Li Auto

10.9   Lordstown Motors

10.10    Lucid Motors

10.11    Mercedes-Benz

10.12    Nio

10.13    Nissan Motors

10.14    Renault Group

10.15    Rivian

10.16    Stellantis NV

10.17    Tesla, Inc

10.18    Toyota Motor Corporation

10.19    Volkswagen AG

10.20    Xpeng

  

Authors: Preeti Wadhwani,
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Premium Report Details

Base Year: 2023

Companies covered: 20

Tables & Figures: 300

Countries covered: 25

Pages: 280

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