Zero Emission Vehicle Trends and Forecast
The future of the global zero emission vehicle market looks promising with opportunities in the passenger car, commercial vehicle, and two wheeler markets. The global zero emission vehicle market is expected to reach an estimated $1389.4 billion by 2030 with a CAGR of 24.6% from 2024 to 2030. The major drivers for this market are growing awareness of climate change and air pollution, strict government limits on car emission standards, as well as, rise in the market for high-performance, fuel-efficient cars.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Zero Emission Vehicle by Segment
The study includes a forecast for the global zero emission vehicle by vehicle class, vehicle type, vehicle drive type, and region.
Zero Emission Vehicle Market by Vehicle Class [Shipment Analysis by Value from 2018 to 2030]:
• Passenger Cars
• Commercial Vehicles
• Two Wheelers
Zero Emission Vehicle Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• BEV
• PHEV
• FCEV
• Solar Vehicles
Zero Emission Vehicle Market by Vehicle Drive Type [Shipment Analysis by Value from 2018 to 2030]:
• Front Wheel Drive
• Rear Wheel Drive
• All Wheel Drive
Zero Emission Vehicle Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Zero Emission Vehicle Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies zero emission vehicle companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the zero emission vehicle companies profiled in this report include-
• Karma Automotive
• Daimler
• Ampere Vehicles
• Tata Motors
• Tesla
• Solar Electric Vehicle Company
• Alke
• Chevrolet Motor Company
• Sono Motors
• Toyota Motor Corporation
Zero Emission Vehicle Market Insights
Lucintel forecasts that rear wheel drive is expected to witness the highest growth over the forecast period.
Within this market, passenger car is expected to witness the highest growth.
APAC is expected to witness highest growth over the forecast period due to rising demand for electric vehicles, as well as, rising gas prices are pressuring consumers to purchase zero emission vehicles (ZEV) in the region.
Features of the Global Zero Emission Vehicle Market
Market Size Estimates: Zero emission vehicle market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Zero emission vehicle market size by vehicle class, vehicle type, vehicle drive type, and region in terms of value ($B).
Regional Analysis: Zero emission vehicle market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different vehicle class, vehicle type, vehicle drive type, and regions for the zero emission vehicle market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the zero emission vehicle market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the zero emission vehicle market size?
Answer: The global zero emission vehicle market is expected to reach an estimated $1389.4 billion by 2030.
Q2. What is the growth forecast for zero emission vehicle market?
Answer: The global zero emission vehicle market is expected to grow with a CAGR of 24.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the zero emission vehicle market?
Answer: The major drivers for this market are growing awareness of climate change and air pollution, strict government limits on car emission standards, as well as, rise in the market for high-performance, fuel-efficient cars.
Q4. What are the major segments for zero emission vehicle market?
Answer: The future of the global zero emission vehicle market looks promising with opportunities in the passenger car, commercial vehicle, and two wheeler markets.
Q5. Who are the key zero emission vehicle market companies?
Answer: Some of the key zero emission vehicle companies are as follows:
• Karma Automotive
• Daimler
• Ampere Vehicles
• Tata Motors
• Tesla
• Solar Electric Vehicle Company
• Alke
• Chevrolet Motor Company
• Sono Motors
• Toyota Motor Corporation
Q6. Which zero emission vehicle market segment will be the largest in future?
Answer: Lucintel forecasts that rear wheel drive is expected to witness the highest growth over the forecast period.
Q7. In zero emission vehicle market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rising demand for electric vehicles, as well as, rising gas prices are pressuring consumers to purchase zero emission vehicles (ZEV) in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the zero emission vehicle market by vehicle class (passenger cars, commercial vehicles, and two wheelers), vehicle type (BEV, PHEV, FCEV, and solar vehicles), vehicle drive type (front wheel drive, rear wheel drive, and all wheel drive), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Zero Emission Vehicle Market, Zero Emission Vehicle Market Size, Zero Emission Vehicle Market Growth, Zero Emission Vehicle Market Analysis, Zero Emission Vehicle Market Report, Zero Emission Vehicle Market Share, Zero Emission Vehicle Market Trends, Zero Emission Vehicle Market Forecast, Zero Emission Vehicle Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.