The global Electric Vehicle market was valued at US$ 513,246 million in 2025 and is expected to reach US$ 1,269,868 million by 2032, growing at a CAGR of 12.35% during 2026-2032.
In 2025, the global Electric Vehicle sales volume was 23,570.2 (K Units), and is expected to reach 62,678.6 (K Units) by 2032, growing at a CAGR of 13.14% during 2026-2032.
The North American market for Electric Vehicle was valued at US$ 52,683 million in 2025 and is projected to reach US$ 172,017 million by 2032, at a CAGR of 17.25% from 2026 to 2032.
The Asia-Pacific market for Electric Vehicle was valued at $ 336,144 million in 2025 and is projected to climb to US$ 725,828 million by 2032, at a CAGR of 9.82% from 2026 to 2032.
The European market for Electric Vehicle was valued at $ 113,809 million in 2025 and is projected to total US$ 283,437 million by 2032, at a CAGR of 12.88% from 2026 to 2032.
The global key companies in the Electric Vehicle market include Tesla, BYD, Volkswagen, BMW, Li Auto, Mercedes-Benz, Stellantis, SAIC, VOLVO, Hyundai & Kia, Renault, etc.
global market for Electric Vehicle, covering total sales volume, sales revenue, pricing, the market share and ranking of key companies, along with analyses by region & country, by Type, and by Application.
The Electric Vehicle market size, estimations, and forecasts are presented in terms of sales volume (K Units) and revenue ($ millions), with 2025 as the base year and historical and forecast data from 2021 to 2032. The report combines quantitative and qualitative analysis to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current marketplace, and make informed business decisions regarding Electric Vehicle.
Market Segmentation
By Company
- BYD
- Tesla
- BMW
- Volkswagen
- Li Auto
- SeresGroup
- GEELY
- Mercedes-Benz
- VOLVO
- SAIC
- Hyundai & Kia
- Stellantis
- Great Wall Motors
- Renault
- Chery
- NIO
- TOYOTA
- GAC Motor
- XPeng
- Leapmotor
- Xiaomi Auto
- Ford
- BAIC
Segment by Type
Segment by Application
by Region
- North America
- Asia Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
Chapter Outline
Chapter 1: Introduces the scope of the report and the global market size (value, volume, and price). It also summarizes market dynamics and Recent Developments; identifies key drivers and restraints; outlines challenges and risks for manufacturers; reviews relevant industry policies and U.S. tariff implications.
Chapter 2: Provides a detailed analysis of the Electric Vehicle manufacturers' competitive landscape-including pricing, sales and revenue shares, Recent Developments plans, and mergers and acquisitions (M&A).
Chapter 3: Analyzes market classification, presenting the size and growth potential of each segment to help readers identify blue-ocean opportunities.
Chapter 4: Analyzes market segmentation by Application, presenting the size and growth potential of each downstream segment to help readers identify blue-ocean opportunities.
Chapter 5: Presents Electric Vehicle sales and revenue at the regional level. It offers a quantitative assessment of market size and growth potential by region and summarizes market development, future prospects, addressable space, and country-level market size worldwide.
Chapter 6: Presents Electric Vehicle sales and revenue at the country level. It provides segmented data by Type and by Application for each country/region.
Chapter 7: Profiles key players, detailing the main companies' product sales, revenue, pricing, gross margin, product portfolios, Recent Developments, etc.
Chapter 8: Analyzes the industry value chain, including upstream suppliers and downstream applications/customers.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Electric Vehicle Product Introduction
- 1.2 Global Electric Vehicle Market Size Forecast
- 1.2.1 Global Electric Vehicle Sales Value (2021-2032)
- 1.2.2 Global Electric Vehicle Sales Volume (2021-2032)
- 1.2.3 Global Electric Vehicle Sales Price (2021-2032)
- 1.3 Electric Vehicle Market Trends & Drivers
- 1.3.1 Electric Vehicle Industry Trends
- 1.3.2 Electric Vehicle Market Drivers & Opportunity
- 1.3.3 Electric Vehicle Market Challenges
- 1.3.4 Electric Vehicle Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Electric Vehicle Players Revenue Ranking (2025)
- 2.2 Global Electric Vehicle Revenue by Company (2021-2025)
- 2.3 Global Electric Vehicle Sales Volume Ranking of Players (2025)
- 2.4 Global Electric Vehicle Sales Volume by Company (2021-2025)
- 2.5 Global Electric Vehicle Average Price by Company (2021-2025)
- 2.6 Key Manufacturers Electric Vehicle Product Offerings
- 2.7 Key Manufacturers Establish Date
- 2.8 Electric Vehicle Market Competitive Analysis
- 2.8.1 Electric Vehicle Market Concentration Rate (2021-2025)
- 2.8.2 Global 3 and 5 Largest Manufacturers by Electric Vehicle Revenue in 2025
- 2.8.3 Global Companies by Tier (Tier 1, Tier 2, Tier 3), based on Electric Vehicle revenue, 2025
- 2.9 Mergers & Acquisitions and Expansion
3 Segmentation Electric Vehicle Market Classification
- 3.1 Introduction by Type
- 3.1.1 PHEV
- 3.1.2 BEV
- 3.1.3 Global Electric Vehicle Sales Value by Type
- 3.1.4 Global Electric Vehicle Sales Volume by Type
- 3.1.5 Global Electric Vehicle Average Price by Type (2021-2032)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Home Use
- 4.1.2 Commercial Use
- 4.2 Global Electric Vehicle Sales Value by Application
- 4.2.1 Global Electric Vehicle Sales Value by Application (2021 vs 2025 vs 2032)
- 4.2.2 Global Electric Vehicle Sales Value, by Application (2021-2032)
- 4.2.3 Global Electric Vehicle Sales Value, by Application (%), 2021-2032
- 4.3 Global Electric Vehicle Sales Volume by Application
- 4.3.1 Global Electric Vehicle Sales Volume by Application (2021 vs 2025 vs 2032)
- 4.3.2 Global Electric Vehicle Sales Volume, by Application (2021-2032)
- 4.3.3 Global Electric Vehicle Sales Volume, by Application (%), 2021-2032
- 4.4 Global Electric Vehicle Average Price by Application (2021-2032)
5 Segmentation by Region
- 5.1 Global Electric Vehicle Sales Value by Region
- 5.1.1 Global Electric Vehicle Sales Value by Region: 2021 vs 2025 vs 2032
- 5.1.2 Global Electric Vehicle Sales Value by Region (2021-2026)
- 5.1.3 Global Electric Vehicle Sales Value by Region (2027-2032)
- 5.1.4 Global Electric Vehicle Sales Value by Region (%), 2021-2032
- 5.2 Global Electric Vehicle Sales Volume by Region
- 5.2.1 Global Electric Vehicle Sales Volume by Region: 2021 vs 2025 vs 2032
- 5.2.2 Global Electric Vehicle Sales Volume by Region (2021-2026)
- 5.2.3 Global Electric Vehicle Sales Volume by Region (2027-2032)
- 5.2.4 Global Electric Vehicle Sales Volume by Region (%), 2021-2032
- 5.3 Global Electric Vehicle Average Price by Region (2021-2032)
- 5.4 North America
- 5.4.1 North America Electric Vehicle Sales Value, 2021-2032
- 5.4.2 North America Electric Vehicle Sales Value by Country (%), 2025 vs 2032
- 5.5 Europe
- 5.5.1 Europe Electric Vehicle Sales Value, 2021-2032
- 5.5.2 Europe Electric Vehicle Sales Value by Country (%), 2025 vs 2032
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Electric Vehicle Sales Value, 2021-2032
- 5.6.2 Asia Pacific Electric Vehicle Sales Value by Region (%), 2025 vs 2032
- 5.7 Latin America
- 5.7.1 Latin America Electric Vehicle Sales Value, 2021-2032
- 5.7.2 Latin America Electric Vehicle Sales Value by Country (%), 2025 vs 2032
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Electric Vehicle Sales Value, 2021-2032
- 5.8.2 Middle East & Africa Electric Vehicle Sales Value by Country (%), 2025 vs 2032
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Electric Vehicle Sales Value Growth Trends, 2021 vs 2025 vs 2032
- 6.2 Key Countries/Regions Electric Vehicle Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Electric Vehicle Sales Value, 2021-2032
- 6.2.2 Key Countries/Regions Electric Vehicle Sales Volume, 2021-2032
- 6.3 United States
- 6.3.1 United States Electric Vehicle Sales Value, 2021-2032
- 6.3.2 United States Electric Vehicle Sales Value by Type (%), 2025 vs 2032
- 6.3.3 United States Electric Vehicle Sales Value by Application, 2025 vs 2032
- 6.4 Europe
- 6.4.1 Europe Electric Vehicle Sales Value, 2021-2032
- 6.4.2 Europe Electric Vehicle Sales Value by Type (%), 2025 vs 2032
- 6.4.3 Europe Electric Vehicle Sales Value by Application, 2025 vs 2032
- 6.5 China
- 6.5.1 China Electric Vehicle Sales Value, 2021-2032
- 6.5.2 China Electric Vehicle Sales Value by Type (%), 2025 vs 2032
- 6.5.3 China Electric Vehicle Sales Value by Application, 2025 vs 2032
- 6.6 Japan
- 6.6.1 Japan Electric Vehicle Sales Value, 2021-2032
- 6.6.2 Japan Electric Vehicle Sales Value by Type (%), 2025 vs 2032
- 6.6.3 Japan Electric Vehicle Sales Value by Application, 2025 vs 2032
- 6.7 South Korea
- 6.7.1 South Korea Electric Vehicle Sales Value, 2021-2032
- 6.7.2 South Korea Electric Vehicle Sales Value by Type (%), 2025 vs 2032
- 6.7.3 South Korea Electric Vehicle Sales Value by Application, 2025 vs 2032
- 6.8 India
- 6.8.1 India Electric Vehicle Sales Value, 2021-2032
- 6.8.2 India Electric Vehicle Sales Value by Type (%), 2025 vs 2032
- 6.8.3 India Electric Vehicle Sales Value by Application, 2025 vs 2032
7 Company Profiles
- 7.1 BYD
- 7.1.1 BYD Company Information
- 7.1.2 BYD Introduction and Business Overview
- 7.1.3 BYD Electric Vehicle Sales, Revenue, Price and Gross Margin (2021-2025)
- 7.1.4 BYD Electric Vehicle Product Offerings
- 7.2 Tesla
- 7.2.1 Tesla Company Information
- 7.2.2 Tesla Introduction and Business Overview
- 7.2.3 Tesla Electric Vehicle Sales, Revenue, Price and Gross Margin (2021-2025)
- 7.2.4 Tesla Electric Vehicle Product Offerings
- 7.3 BMW
- 7.3.1 BMW Company Information
- 7.3.2 BMW Introduction and Business Overview
- 7.3.3 BMW Electric Vehicle Sales, Revenue, Price and Gross Margin (2021-2025)
- 7.3.4 BMW Electric Vehicle Product Offerings
- 7.4 Volkswagen
- 7.4.1 Volkswagen Company Information
- 7.4.2 Volkswagen Introduction and Business Overview
- 7.4.3 Volkswagen Electric Vehicle Sales, Revenue, Price and Gross Margin (2021-2025)
- 7.4.4 Volkswagen Electric Vehicle Product Offerings
- 7.5 Li Auto
- 7.5.1 Li Auto Company Information
- 7.5.2 Li Auto Introduction and Business Overview
- 7.5.3 Li Auto Electric Vehicle Sales, Revenue, Price and Gross Margin (2021-2025)
- 7.5.4 Li Auto Electric Vehicle Product Offerings
- 7.6 SeresGroup
- 7.6.1 SeresGroup Company Information
- 7.6.2 SeresGroup Introduction and Business Overview
- 7.6.3 SeresGroup Electric Vehicle Sales, Revenue, Price and Gross Margin (2021-2025)
- 7.6.4 SeresGroup Electric Vehicle Product Offerings
- 7.7 GEELY
- 7.7.1 GEELY Company Information
- 7.7.2 GEELY Introduction and Business Overview
- 7.7.3 GEELY Electric Vehicle Sales, Revenue, Price and Gross Margin (2021-2025)
- 7.7.4 GEELY Electric Vehicle Product Offerings
- 7.8 Mercedes-Benz
- 7.8.1 Mercedes-Benz Company Information
- 7.8.2 Mercedes-Benz Introduction and Business Overview
- 7.8.3 Mercedes-Benz Electric Vehicle Sales, Revenue, Price and Gross Margin (2021-2025)
- 7.8.4 Mercedes-Benz Electric Vehicle Product Offerings
- 7.9 VOLVO
- 7.9.1 VOLVO Company Information
- 7.9.2 VOLVO Introduction and Business Overview
- 7.9.3 VOLVO Electric Vehicle Sales, Revenue, Price and Gross Margin (2021-2025)
- 7.9.4 VOLVO Electric Vehicle Product Offerings
- 7.10 SAIC
- 7.10.1 SAIC Company Information
- 7.10.2 SAIC Introduction and Business Overview
- 7.10.3 SAIC Electric Vehicle Sales, Revenue, Price and Gross Margin (2021-2025)
- 7.10.4 SAIC Electric Vehicle Product Offerings
- 7.11 Hyundai & Kia
- 7.11.1 Hyundai & Kia Company Information
- 7.11.2 Hyundai & Kia Introduction and Business Overview
- 7.11.3 Hyundai & Kia Electric Vehicle Sales, Revenue, Price and Gross Margin (2021-2025)
- 7.11.4 Hyundai & Kia Electric Vehicle Product Offerings
- 7.12 Stellantis
- 7.12.1 Stellantis Company Information
- 7.12.2 Stellantis Introduction and Business Overview
- 7.12.3 Stellantis Electric Vehicle Sales, Revenue, Price and Gross Margin (2021-2025)
- 7.12.4 Stellantis Electric Vehicle Product Offerings
- 7.13 Great Wall Motors
- 7.13.1 Great Wall Motors Company Information
- 7.13.2 Great Wall Motors Introduction and Business Overview
- 7.13.3 Great Wall Motors Electric Vehicle Sales, Revenue, Price and Gross Margin (2021-2025)
- 7.13.4 Great Wall Motors Electric Vehicle Product Offerings
- 7.14 Renault
- 7.14.1 Renault Company Information
- 7.14.2 Renault Introduction and Business Overview
- 7.14.3 Renault Electric Vehicle Sales, Revenue, Price and Gross Margin (2021-2025)
- 7.14.4 Renault Electric Vehicle Product Offerings
- 7.15 Chery
- 7.15.1 Chery Company Information
- 7.15.2 Chery Introduction and Business Overview
- 7.15.3 Chery Electric Vehicle Sales, Revenue, Price and Gross Margin (2021-2025)
- 7.15.4 Chery Electric Vehicle Product Offerings
- 7.16 NIO
- 7.16.1 NIO Company Information
- 7.16.2 NIO Introduction and Business Overview
- 7.16.3 NIO Electric Vehicle Sales, Revenue, Price and Gross Margin (2021-2025)
- 7.16.4 NIO Electric Vehicle Product Offerings
- 7.17 TOYOTA
- 7.17.1 TOYOTA Company Information
- 7.17.2 TOYOTA Introduction and Business Overview
- 7.17.3 TOYOTA Electric Vehicle Sales, Revenue, Price and Gross Margin (2021-2025)
- 7.17.4 TOYOTA Electric Vehicle Product Offerings
- 7.18 GAC Motor
- 7.18.1 GAC Motor Company Information
- 7.18.2 GAC Motor Introduction and Business Overview
- 7.18.3 GAC Motor Electric Vehicle Sales, Revenue, Price and Gross Margin (2021-2025)
- 7.18.4 GAC Motor Electric Vehicle Product Offerings
- 7.19 XPeng
- 7.19.1 XPeng Company Information
- 7.19.2 XPeng Introduction and Business Overview
- 7.19.3 XPeng Electric Vehicle Sales, Revenue, Price and Gross Margin (2021-2025)
- 7.19.4 XPeng Electric Vehicle Product Offerings
- 7.20 Leapmotor
- 7.20.1 Leapmotor Company Information
- 7.20.2 Leapmotor Introduction and Business Overview
- 7.20.3 Leapmotor Electric Vehicle Sales, Revenue, Price and Gross Margin (2021-2025)
- 7.20.4 Leapmotor Electric Vehicle Product Offerings
- 7.21 Xiaomi Auto
- 7.21.1 Xiaomi Auto Company Information
- 7.21.2 Xiaomi Auto Introduction and Business Overview
- 7.21.3 Xiaomi Auto Electric Vehicle Sales, Revenue, Price and Gross Margin (2021-2025)
- 7.21.4 Xiaomi Auto Electric Vehicle Product Offerings
- 7.22 Ford
- 7.22.1 Ford Company Information
- 7.22.2 Ford Introduction and Business Overview
- 7.22.3 Ford Electric Vehicle Sales, Revenue, Price and Gross Margin (2021-2025)
- 7.22.4 Ford Electric Vehicle Product Offerings
- 7.23 BAIC
- 7.23.1 BAIC Company Information
- 7.23.2 BAIC Introduction and Business Overview
- 7.23.3 BAIC Electric Vehicle Sales, Revenue, Price and Gross Margin (2021-2025)
- 7.23.4 BAIC Electric Vehicle Product Offerings
8 Industry Chain Analysis
- 8.1 Electric Vehicle Upstream Analysis
- 8.1.1 Key Raw Materials
- 8.1.2 Raw Materials Key Suppliers
- 8.1.3 Manufacturing Cost Structure
- 8.2 Downstream Analysis (Customers Analysis)
- 8.3 Sales Model and Sales Channels
- 8.3.1 Electric Vehicle Sales Model
- 8.3.2 Sales Channel
- 8.3.3 Electric Vehicle Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.2 Data Source
- 10.2 Author Details
- 10.3 Disclaimer