Global battery electric vehicles market is anticipated to surpass $425 billion by 2025, the rising concerns pertaining to vehicular emissions are expected to boost the global battery electric vehicle industry over the forthcoming years. In 2018, carbon emissions were at an all-time high, with the automotive industry being a major contributor. Emissions from cars and trucks using fossil fuels continue to grow at an alarming rate in all parts of the world. A common factor among both developed and developing economies on these grounds has been the continuous rise in the use of oil in the transport sector.

According to the latest forecasts, the level of CO2 in the atmosphere is projected to witness an average rise of 2.75 parts per million over 2019. If the world needs to meet the temperature goals of the Paris agreement, global emissions need to plummet by 2020. Unlike conventional vehicles though, battery powered vehicles don’t require fuels and hence don’t release much CO2. The growing number of issues related to vehicular emissions paired with the increasing need to reduce the effects of greenhouse gases will thus propel battery electric vehicles market share in the future.

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The adoption of battery-operated passenger cars, buses or trucks will be further supported by the imposition of stringent vehicular emission standards across the world. For instance, the European Parliament recently agreed to new CO2 emission standards for newly purchased cars and vans with an objective to witness 37.5% reduction in emission from new cars and 31% lower emissions from new vans by the end of 2030.

Over the last few years, electric vehicles have nearly gone mainstream, at least in the key global markets. Now having accomplished a small but significant share of the passenger-car market, the EV industry has been eying the public transit sector. Companies are now manufacturing battery-electric buses and selling them to cities interested in reducing their carbon footprint. Major manufacturers active in the electric-bus business comprise Canada-based New Flyer, China’s BYD and the US-based startup Proterra.

Recently, Austin became the fifth Texas city to invest in the Proterra battery-electric buses. A complete all-electric fleet is the main goal of the city’s transit agency Capital Metro, that purchased 40 buses along with 4 Proterra-charging systems of 60 kilowatts. Through no tailpipe emission, battery electric buses can help the agency meet its sustainability goals efficiently. The increasing adoption of such vehicles for public transportation will further proliferate the global battery electric vehicles market.

Recently, Daimler Trucks North America claimed that battery electric vehicles will pave the way for zero-emission commercial transportation. According to the European Federation for Transport and Environment, emissions from heavy-duty vehicles such as trucks and busses grew by 36% between 1990 and 2010 and has continued to grow ever since. By the year 2030, trucks and buses will release around 15% of overall effort sharing or non-ETS emissions. Unless additional measures are taken, heavy-duty vehicle emissions could rise to contributing 40% of overall road transport emission by 2030. This presents battery electric vehicles market contenders with a viable growth opportunity, to manufacture batteries for heavy duty vehicles.

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Partial Chapter of the Table of Content

Chapter 4 BEV Market, By Vehicle

4.1 Global battery electric vehicles market share by vehicle, 2018 & 2025

4.2 Heavy duty vehicle

4.2.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.2.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.3 Agriculture

4.3.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.3.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.4 Buses

4.4.1 Battery electric vehicles market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.4.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.5 Port Vehicles/Container Handling or Transport

4.5.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.5.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.6 Automotive

4.6.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.6.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.7 Class 8/Long Haul

Charts & Figures

FIG. 1    Battery electric vehicles market segmentation

FIG. 2    Industry landscape, (Units) (USD Million), 2013 – 2025

FIG. 3    Industry ecosystem analysis

FIG. 4    Total U.S. GHG emissions by economic sector, 2016

FIG. 5    Growth potential analysis, 2018

FIG. 6    Porter’s analysis

FIG. 7    PESTLE analysis

FIG. 8    Battery electric vehicles market share by vehicle, 2018 & 2025

FIG. 9    Battery electric vehicles market share by region, 2018 & 2025

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