Learn about the global electric cars market through The Business Research Company, which provides information on electric cars market size, electric cars market drivers and restraints, electric cars market players, the COVID-19 impact on the electric cars market, and more.

The global electric cars market size is expected to grow from $212.46 billion in 2021 to $278.75 billion in 2022 at a compound annual growth rate (CAGR) of 31.2%. The global electric cars market is then expected to grow to $825.95 billion in 2026 at a CAGR of 31.2%.

The growing demand for electric vehicles is driving the electric cars market.

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The electric car market consists of electric car sales and services related to it. An electric car is an electric vehicle that runs by a chargeable battery such as nickel-metal hydride (Ni-MH) battery, lithium-ion battery, fuel cell battery.

Global Electric Cars Market Segments Include:

By Type: Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV)

By Battery Type: Lithium-Iron-Phosphate (LFP), Lithium-Nickel-Manganese Cobalt Oxide (Li-NMC), Lithium-Titanate oxide (LTO) battery, Lithium-Nickel-Cobalt-Aluminum oxide (NCA) battery, Nickel-Metal hydride (NiMH) battery, Lead Acid Battery

By Application: Home Use, Commercial Use

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions. Asia Pacific was the largest region in the electric cars market in 2021.

The development of wireless charging facilities for electric vehicles is the greatest opportunity for both OEMs and end-users. Wireless charging enables charging of an electric vehicle without any inconvenience of finding the right cable connector at the charging point, and/or stopping by at any charging station. Wireless charging uses dynamic and inductive charging technologies where the electricity is transferred from one magnetic coil in the charger to a second magnetic coil connected to a car.

TBRC’s electric cars market report covers:

Major Market Players: Toyota, BMW, BYD, Tesla, BMW, Volkswagen, General Motors, BAiC Motors, SAIC, and Daimler AG.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Electric Cars Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides electric cars market overviews, analyzes and forecasts market size, share, electric cars market players, electric cars market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s electric cars market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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