Last Updated: 06-04-2026 | Format: PDF | Report ID:21834 | Author: Lena
| Key Market Question | Answer |
|---|---|
| What is the market size in 2025? | $32,000 Million |
| What is the projected market size by 2035? | $71,500 Million |
| What is the market CAGR from 2025 to 2035? | 8.4% |
| Which region dominates the market? | Asia-Pacific (39%) |
| Which product/service type dominates the market? | SUV (36%) |
| Which application leads the market? | Private (45%) |
| Who are the major buyers? | Private (47%), Corporate Fleet (21%) |
| What are the key market growth drivers? | Stringent global emission standards driving adoption of low-emission vehicles; Rising consumer demand for vehicles that offer extended range and flexibility |
| What are the major market challenges? |
Study period:
2020-2035
Base year:
2026
Historical data
2020-2024
NO OF PAGE:
167
What You Get:
| High upfront costs of EREV vehicles compared to conventional vehicles; Supply chain disruptions for critical components |
| What is the forecast period? | 2026–2035 |
| Who are the key market players? | General Motors, BMW Group, BYD, Honda Motor Company, Nissan Motor Corporation, Toyota Motor Corporation, SAIC Motor Corporation, Hyundai Motor Company, Kia Corporation, Ford Motor Company, Volkswagen AG, Mercedes-Benz Group, Geely Automobile Holdings, Renault Group, Tata Motors |
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