Electric Passenger Cars Market - Top Companies and Manufacturers

  • Report ID: 6578
  • Published Date: Oct 21, 2024
  • Report Format: PDF, PPT

Companies Dominating the Electric Passenger Cars Landscape

    Key players in the electric passenger cars industry are employing several market strategies such as technological advancements, strategic collaborations, mergers & acquisitions, and regional expansions to earn high profits. Strategic partnerships with other players and tech firms are helping them to develop an innovative electric car model that can appeal to a larger consumer base. They are also entering emerging economies to tap new growth opportunities and maximize their market presence. Some of the key players include:

    • BYD Company Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Tesla, Inc.
    • Mercedes-Benz Group AG
    • Lucid Group, Inc.
    • General Motors
    • Volkswagen AG
    • Audi AG
    • Škoda Auto a.s.
    • Dr. Ing. h.c. F. Porsche AG
    • Rivian
    • Karma Automotive
    • Fisker Inc.
    • Hyundai Motor Company
    • Renault Group
    • Ford Motor Company
    • BMW Group
    • SAIC Motor Corporation Limited

Browse Key Market Insights with Data Illustration:

In the News

  • In September 2024, BMW Group and Toyota Motor Corporation entered into a strategic partnership to produce fuel-cell electric vehicle options for passenger cars. This collaboration plans to launch its fuel-cell electric passenger vehicle by 2028.
  • In March 2024, Fisker Inc. revealed that it received iF Design Award for Best Electric SUV Fisker Ocean. The Fisker Ocean electric SUV excelled in jury assessment owing to its sustainable features and engaging design.How big is the electric passenger cars market?

Author Credits:  Saima Khursheed


  • Report ID: 6578
  • Published Date: Oct 21, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The global electric passenger cars market will be valued at USD 513.4 billion in 2025.

The global market is expected to increase from USD 384.6 billion in 2024 to USD 16.45 trillion by 2037 and register a CAGR of 35.5% during the forecast period.

Some leading companies are Volkswagen AG, Dr. Ing. h.c. F. Porsche AG, Tesla, Inc., Mercedes-Benz Group AG, General Motors, Hyundai Motor Company, and Renault Group.

The battery electric vehicle segment is estimated to capture a strong 65.5% of the market share through 2037.

Europe is expected to hold 51.2% of the global market share through 2037.
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