Published by IMARC Services Private Limited
Posted on September 16, 2021
8 min readLast updated: January 20, 2026
As per the latest report by IMARC Group, titled “Electric Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global electric vehicles market reached a volume of 2.45 Million Units in 2020. Looking forward, IMARC Group expects the global electric vehicles market to grow at a CAGR of around 47% during 2021-2026.
Electric vehicles (EVs) are alternative fuel automobiles that use one or more electric motors for propulsion. They require a constant energy supply from batteries instead of internal combustion engines. Electric vehicles include electric cars, trains, trucks, lorries, airplanes, boats, motorcycles, scooters, and spacecraft. A collector system powers electric vehicles through electricity from charging station deployments or through self-charging devices like regenerative braking systems and turbochargers. In recent years, EVs have gained traction as they are fuel-efficient, emit low carbon, have low maintenance, provide the convenience of charging at home, offer a smoother drive and soundless engine operations.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request Free Sample Report: https://www.imarcgroup.com/electric-vehicles-market/requestsample
Global Electric Vehicles Market Trends and Drivers:
The global electric vehicles market is primarily driven by the rising concerns about the negative effects of greenhouse gases (GHGs) emissions. EVs are designed to replace conventional ways of traveling that cause environmental pollution. Besides this, governments of various nations are implementing stringent rules and regulations toward vehicle emission supplements. They are also supporting long-range, zero-emission vehicles through subsidies and tax rebates, as well as improving public EV charging infrastructure, which is bolstering the market growth. In addition, various research and development (R&D) activities are encouraging the adoption of electric vehicles among individuals. These factors are expected to significantly influence the market growth in the upcoming years.
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/electric-vehicles-market
Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market with some of the top electric vehicles companies being
Market Breakup by Component:
Market Breakup by Charging Type:
Market Breakup by Propulsion Type:
Market Breakup by Vehicle Type:
Breakup by Region:
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Latest Market Research Reports by IMARC Group (2021-2026):
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
As per the latest report by IMARC Group, titled “Electric Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global electric vehicles market reached a volume of 2.45 Million Units in 2020. Looking forward, IMARC Group expects the global electric vehicles market to grow at a CAGR of around 47% during 2021-2026.
Electric vehicles (EVs) are alternative fuel automobiles that use one or more electric motors for propulsion. They require a constant energy supply from batteries instead of internal combustion engines. Electric vehicles include electric cars, trains, trucks, lorries, airplanes, boats, motorcycles, scooters, and spacecraft. A collector system powers electric vehicles through electricity from charging station deployments or through self-charging devices like regenerative braking systems and turbochargers. In recent years, EVs have gained traction as they are fuel-efficient, emit low carbon, have low maintenance, provide the convenience of charging at home, offer a smoother drive and soundless engine operations.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request Free Sample Report: https://www.imarcgroup.com/electric-vehicles-market/requestsample
Global Electric Vehicles Market Trends and Drivers:
The global electric vehicles market is primarily driven by the rising concerns about the negative effects of greenhouse gases (GHGs) emissions. EVs are designed to replace conventional ways of traveling that cause environmental pollution. Besides this, governments of various nations are implementing stringent rules and regulations toward vehicle emission supplements. They are also supporting long-range, zero-emission vehicles through subsidies and tax rebates, as well as improving public EV charging infrastructure, which is bolstering the market growth. In addition, various research and development (R&D) activities are encouraging the adoption of electric vehicles among individuals. These factors are expected to significantly influence the market growth in the upcoming years.
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/electric-vehicles-market
Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market with some of the top electric vehicles companies being
Market Breakup by Component:
Market Breakup by Charging Type:
Market Breakup by Propulsion Type:
Market Breakup by Vehicle Type:
Breakup by Region:
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Latest Market Research Reports by IMARC Group (2021-2026):
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
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