Electric Car Market – Advancement in Technologies & Growth Opportunities in Different Regions By 20

Over the last decade, electric car market has seen a significant growth. The market size of U.S. and China together accounts for majority of electric cars sold globally, followed by Germany, Japan, Norway and the UK. Norway and Netherlands have considerable share of electric cars in total car sales in their respective countries. Plug-in type and hybrid cars are more preferred in the U.S. when compared to battery cars.

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Even in the U.S. and China, there are just 16,000 public recharging stations and 150,000 public recharging points respectively. Moreover, most of these recharging stations are only available in key cities. Recharging stations on the highways or intercity routes are negligible. Even though the number of recharging stations are growing fast, their insufficiency is a major constraint for the electric car market.

Some of the key companies among the international car manufacturer includes Chevrolet, Nissan, Mitsubishi and BMW. Tesla is also an important player in this industry. BYD and BAIC are important Chinese companies in the electric car market.

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Market Segmentation

By Battery Voltage

• Low Voltage
• Medium Voltage
• High Voltage

By Car Type

• Battery Electric Cars
• Hybrid Cars
• Plug-in Hybrid Electric Cars

By Battery Technology

• Sealed Lead Acid
• Li-ion
• Ni-MH

By Geography

• China
• U.S.
• Japan
• Germany
• U.K.
• India
• South Korea
• Netherlands

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P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research based consulting services across a range of industries.