Zero Emission Vehicle (ZEV) Market

Zero Emission Vehicle (ZEV) Market by Types (Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and Fuel Cell Electric Vehicles (FCEVs)), Applications (Commercial Vehicles and Passenger Vehicles), and Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: AL-698
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 186
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The global zero emission vehicle (ZEV) market size is projected to register a substantial CAGR during the forecast period, 2021 – 2028.The growth of the market is attributed to increasing awareness concerns related to environmental issues such as global warming caused due to emissions from vehicles.
 

Zero Emission Vehicle (ZEV) Market Key Takeaways


Zero emission vehicles do not emit any type of pollutant. Pollutants such as particulates, carbon monoxide, and hydrocarbons released through gasoline powered vehicles leads to various health problems such as COPD, asthma, and environmental problem. Zero emission vehicles uses charging network that is completely powered by renewable energy sources, declining the dependence on fossil fuel. These vehicles, also known as electric vehicles, emit no waste products that can disrupt the climate. They also known as carbon negative vehicles.

Market Trends, Drivers, Restraints, and Opportunities

  • Switching to zero emission vehicle provides better health and sustainable environment for future generations.
  • Rising per capita income is expected to drive the growth of the zero emission vehicles market.
  • Lack of electric vehicle charging infrastructure can restrain the market growth.
  • The Covid-19 pandemic has negatively impacted the automotive market owing to lockdown and has reduced the purchasing power of individuals, impeding the growth of the market.
  • Increasing number of government schemes to provide subsidies to industry players can create opportunities during the forecast period.
  • The presence of electric vehicle manufacturers, declining prices of electric vehicles, and increasing fuel prices have driven the demand for zero emission vehicles, driving the market growth.

Scope of the Report

The report on the zero emission market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Zero Emission Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and Fuel Cell Electric Vehicles (FCEVs) and Applications (Commercial Vehicles and Passenger Vehicles)

Regional Scope

 North America, Latin America, Europe, Asia Pacific and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Tesla, BMW AG, Daimler AG, Motor Development International SA, Tata Motors, Toyota Motor Corporation, Volkswagen AG, Honda Motor Co., Ltd., and SEGWAY INC., Mitsubishi, VOLVO, and GAC Motor

 

Global Zero Emission Market Segment Insights  

Battery electric vehicle segment to dominate the market share
Based on types, the global zero emission vehicle market is segmented into battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and fuel cell electric vehicles (FCEVs). The battery electric vehicles (BEVs) segment is anticipated to hold dominant position in the global zero emission vehicle market during the forecast period. Increasing adoption of electric vehicles owing to rising environmental concerns are driving the segment growth. Lithium-ion battery is used as a power source to run electric motors in most of the battery electric vehicles.


Passenger vehicles segment to account a significant market share
In terms of applications, the global zero emission vehicle market is divided into commercial vehicles and passenger vehicles. The passenger vehicle segment is anticipated to provide lucrative opportunities the during forecast period. Zero emission vehicles are capable of handling lower loads, which makes them a preferable option for passenger transportation. Moreover, rising disposable income is anticipated to drive the market growth.
 

Zero Emission Vehicle (ZEV) Market By Applications


Asia Pacific to hold large market share
On the basis of regions, the global zero emission vehicle market is classified as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa Asia Pacific to account for a large market share owing to rising demand for electric vehicles. In the region, China accounts for a prominent market share in terms of revenue. According to the International Energy Agency (ICA), China accounted for around 44% of zero emission vehicles in 2018.
 

Zero Emission Vehicle (ZEV) Market By Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Zero Emission Vehicle (ZEV) Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Zero Emission Vehicle (ZEV) Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Zero Emission Vehicle (ZEV) Market - Supply Chain
  4.5. Global Zero Emission Vehicle (ZEV) Market Forecast
     4.5.1. Zero Emission Vehicle (ZEV) Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Zero Emission Vehicle (ZEV) Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Zero Emission Vehicle (ZEV) Market Absolute $ Opportunity
5. Global Zero Emission Vehicle (ZEV) Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Zero Emission Vehicle (ZEV) Market Size and Volume Forecast by Types
     5.3.1. Battery Electric Vehicles (BEVs)
     5.3.2. Plug-in Hybrid Electric Vehicles (PHEVs)
     5.3.3. Fuel Cell Electric Vehicles (FCEVs)
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Zero Emission Vehicle (ZEV) Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Zero Emission Vehicle (ZEV) Market Size and Volume Forecast by Applications
     6.3.1. Commercial Vehicles
     6.3.2. Passenger Vehicles
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Zero Emission Vehicle (ZEV) Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Zero Emission Vehicle (ZEV) Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Zero Emission Vehicle (ZEV) Demand Share Forecast, 2019-2026
8. North America Zero Emission Vehicle (ZEV) Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Zero Emission Vehicle (ZEV) Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Zero Emission Vehicle (ZEV) Market Size and Volume Forecast by Types
     8.4.1. Battery Electric Vehicles (BEVs)
     8.4.2. Plug-in Hybrid Electric Vehicles (PHEVs)
     8.4.3. Fuel Cell Electric Vehicles (FCEVs)
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Zero Emission Vehicle (ZEV) Market Size and Volume Forecast by Applications
     8.7.1. Commercial Vehicles
     8.7.2. Passenger Vehicles
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Zero Emission Vehicle (ZEV) Demand Share Forecast, 2019-2026
9. Latin America Zero Emission Vehicle (ZEV) Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Zero Emission Vehicle (ZEV) Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Zero Emission Vehicle (ZEV) Market Size and Volume Forecast by Types
     9.4.1. Battery Electric Vehicles (BEVs)
     9.4.2. Plug-in Hybrid Electric Vehicles (PHEVs)
     9.4.3. Fuel Cell Electric Vehicles (FCEVs)
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Zero Emission Vehicle (ZEV) Market Size and Volume Forecast by Applications
     9.7.1. Commercial Vehicles
     9.7.2. Passenger Vehicles
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Zero Emission Vehicle (ZEV) Demand Share Forecast, 2019-2026
10. Europe Zero Emission Vehicle (ZEV) Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Zero Emission Vehicle (ZEV) Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Zero Emission Vehicle (ZEV) Market Size and Volume Forecast by Types
     10.4.1. Battery Electric Vehicles (BEVs)
     10.4.2. Plug-in Hybrid Electric Vehicles (PHEVs)
     10.4.3. Fuel Cell Electric Vehicles (FCEVs)
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Zero Emission Vehicle (ZEV) Market Size and Volume Forecast by Applications
     10.7.1. Commercial Vehicles
     10.7.2. Passenger Vehicles
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Zero Emission Vehicle (ZEV) Demand Share Forecast, 2019-2026
11. Asia Pacific Zero Emission Vehicle (ZEV) Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Zero Emission Vehicle (ZEV) Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Zero Emission Vehicle (ZEV) Market Size and Volume Forecast by Types
     11.4.1. Battery Electric Vehicles (BEVs)
     11.4.2. Plug-in Hybrid Electric Vehicles (PHEVs)
     11.4.3. Fuel Cell Electric Vehicles (FCEVs)
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Zero Emission Vehicle (ZEV) Market Size and Volume Forecast by Applications
     11.7.1. Commercial Vehicles
     11.7.2. Passenger Vehicles
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Zero Emission Vehicle (ZEV) Demand Share Forecast, 2019-2026
12. Middle East & Africa Zero Emission Vehicle (ZEV) Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Zero Emission Vehicle (ZEV) Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Zero Emission Vehicle (ZEV) Market Size and Volume Forecast by Types
     12.4.1. Battery Electric Vehicles (BEVs)
     12.4.2. Plug-in Hybrid Electric Vehicles (PHEVs)
     12.4.3. Fuel Cell Electric Vehicles (FCEVs)
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Zero Emission Vehicle (ZEV) Market Size and Volume Forecast by Applications
     12.7.1. Commercial Vehicles
     12.7.2. Passenger Vehicles
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Zero Emission Vehicle (ZEV) Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Zero Emission Vehicle (ZEV) Market: Market Share Analysis
  13.2. Zero Emission Vehicle (ZEV) Distributors and Customers
  13.3. Zero Emission Vehicle (ZEV) Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Tesla
     13.4.2. BMW AG
     13.4.3. Daimler AG
     13.4.4. Motor Development International SA
     13.4.5. Tata Motors

Segments Covered in the Report
The global zero emission vehicle market has been segmented on the basis of

Types

  • Battery Electric Vehicles (BEVs)
  • Plug-in Hybrid Electric Vehicles (PHEVs)
  • Fuel Cell Electric Vehicles (FCEVs)

Application

  • Commercial Vehicles
  • Passenger Vehicles

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key players

  • Tesla
  • BMW AG
  • Daimler AG
  • Motor Development International SA
  • Tata Motors
  • Toyota Motor Corporation
  • Volkswagen AG
  • Honda Motor Co., Ltd.
  • Mitsubishi
  • VOLVO
  • GAC Motor

 

Key players operating in the global zero emission vehicle market include Tesla, BMW AG, Daimler AG, Motor Development International SA, Tata Motors, Toyota Motor Corporation, Volkswagen AG, Honda Motor Co., Ltd., and SEGWAY INC., Mitsubishi, VOLVO, and GAC Motor.

Companies are heavily investing in R&D activities and are engaging in partnerships to fast-pace the development of ZEVs.
 

Zero Emission Vehicle (ZEV) Market By Key Players

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