Automotive Electrified Vehicles Market and Trend Analysis by Technology, Key Companies and Forecast, 2021-2036

Pages: 86 Published: July 15, 2022 Report Code: GDAUS650722

This report provides a comprehensive overview of the global electric and hybrid light vehicle, major electric and hybrid light vehicle manufacturers, top markets, technology trends and market size forecasts.

Automotive Electrified Vehicle Market Dynamics

Winners and losers for vehicle electrification are not yet determined and difficult to forecast with any certainty. Not least because little is understood about likely consumer behaviour and attitude toward vehicle range, charging situations, future taxation, battery purchasing or leasing and an amalgam of other factors. Depending on circumstance, one particular powertrain will be a better solution than another – assuming rational behaviour on the part of the consumer.

Technological factors for fleet electrification are not just restricted to direct technology applications on vehicles, such as the battery, battery management systems or bespoke vehicle architectures. In addition, there’s been a great deal of stimulation for indirect factors to support a future electrified fleet. Indirectly vehicle electrification is placing increased demands on market infrastructure and promoting the adoption of new business models to provide services for electrified mobility.

Key Segments in the Automotive Electrified Vehicle Market

The automotive electrified vehicle market is segmented into mild hybrid, PHEVs/EREVs, full hybrid, and EVs.

Mild hybrid segment in the automotive electrified vehicle market

While the future for electrified vehicles of all types looks brighter than purely combustion-powered ones, mild hybrids are likely to have the lowest growth curve among all powertrain types. This is large because their basic business case will be squeezed from both ends.

Full hybrid segment in the automotive electrified vehicle market

Almost all major vehicle makers, even the historically resistant Germans, now acknowledge that they must have hybrid-electric vehicles in their powertrain portfolios. The first major sales markets were North America and Japan, whose tax structures provide significant incentives for very fuel-efficient vehicles. However, with more stringent emissions standards being set in Europe and Asia, expect more hybridized options to appear to help combustion engines remain compliant as the vehicle market gradually transitions to wider electrification.

PHEVs/EREVs segment in the automotive electrified vehicle market

While plug-in hybrid options have proliferated in the last decade, their numbers are still relatively small in the global scheme of things. However, their penetration is expected to increase in 2021.

EVs segment in the automotive electrified vehicle market

The electrified vehicle market has now reached an inflection point. This can be attributed to the pressures of legislation in various markets, technological progress, more vehicle availability, and the presence of green-tinged incentives in the European market to try and kick start the overall market after the impact of the COVID-19 pandemic.

Automotive electrified vehicle market, by product

Automotive electrified vehicle market, by product

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Top Regions and Countries in the Automotive Electrified Vehicle Market

North America, Mercosur, Western Europe, Central Europe, Russia, Japan, China, India, Korea, Thailand, Other Asia, Iran, South Africa, and Australia are the top emerging regions in the automotive electrified vehicle market.

Major Companies in the Automotive Electrified Vehicle Market

Some of the major companies in the global automotive electrified vehicle market are Beijing Auto (BAIC), BMW, BYD, Changan Automobile, Dongfeng, Daimler, FAW, Ford, and General Motors.

Automotive electrified vehicle market, by key companies

Automotive electrified vehicle market, by key companies

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Market report scope

Key products Mild Hybrid, PHEVs/EREVs, Full Hybrid, and EVs
Key regions North America, Mercosur, Western Europe, Central Europe, Russia, Japan, China, India, Korea, Thailand, Other Asia, Iran, South Africa, and Australia
Key companies Beijing Auto (BAIC), BMW, BYD, Changan Automobile, Dongfeng, Daimler, FAW, Ford, and General Motors

Scope

  • This report contains an overview of an automotive sector along with detailed related component forecasts, supported by information drawn from GlobalData’s extensive range of sources.

Scope

– This report contains an overview of an automotive sector along with detailed related component forecasts, supported by information drawn from GlobalData’s extensive range of sources.

Reasons to Buy

– This report has been extracted from GlobalData’s regularly updated online Automotive Intelligence Center. Containing content, tools and services not found in this report, GlobalData’s AIC offers a cost-effective multi-user car market research solution.

Key Players

Fisker Automotive, Inc.
East Penn Manufacturing Co Inc
Heuliez
Banner
Aptera
Samsung
Panasonic Electric Vehicle Energy
Mahindra and Mahindra Limited
Bayerische Motoren Werke (BMW) AG
BYD Auto
Ford Motor Company
Zhejiang Geely Holding Group Co., Ltd
General Motors
Chang'an Automobile (Group) Co, Ltd.
Chery Automobile Co. Ltd.
Daimler AG
Dongfeng Motor Corporation
Fiat-Chrysler Automobiles
Honda Motor Co., Ltd.
Hyundai Motor Group
Lifan Group
Mazda Motor Corporation
Mitsubishi Motors Corporation
Nissan Motor Company, Ltd.
Proton Holdings Berhad
PSA Groupe
Renault S.A.
NEVS
Shanghai Automotive Industry Corporation (SAIC)
Subaru
Suzuki Motor Corporation
Tata Motors Limited
Tesla, Inc.
Toyota Motor Corporation
Volkswagen AG
A123 Systems, Inc.
Advanced Battery Technologies
Robert Bosch GmbH
Continental AG
Exide Technologies
Hitachi, Ltd.
Johnson Controls International plc
Johnson Matthey Plc
Magna International Inc.
Panasonic Corporation
SB LiMotive
Valmet Automotive Inc.
CBAK Battery, Inc.
GS Yuasa Corporation
Enersys
Evonik
LG Chem, Ltd.

Table of Contents

Table of Contents

1. Main Trends in the Sector

2. PESTER Analysis

Political

Economic

Social

Technological

Environmental

Regulatory

3. EV technology

Chassis architecture

Motors

Transmissions

Power electronics

4. Batteries

Lithium-ion batteries

Solid-state batteries

Cell design

Cell chemistry

Pack design

Recycling and second-life use

5. Battery manufacturing

Third-party battery developers

OEM battery developers

Solid-state battery developers

6. Charging infrastructure

Charging networks

Are OEM-branded charging networks necessary?

Future charging models

Charging plug standards

Wireless EV charging

7. Fuel-cell electric vehicles (FCEVs)

8. Electric trucks and commercial vehicles

9. OEM electrification strategies

10. Industry themes

Speed of battery technology improvement

Tesla’s rivals are closing in

EV technology as a competitive advantage

Improving battery management systems

Battery swapping stations

Battery price parity with combustion engines

Is Tesla’s lead insurmountable?

Which established OEMs will survive the transition to EVs?

Do legacy OEMs understand the needs of EV buyers?

11. Forecasts

12. Appendix

13. Contact Us

List of Tables

List of Tables

Table 1: Main trends in the Electrified vehicles sector

Table 2: North American production of electrified vehicles, 2019-2036, (‘000s units)

Table 3: European production of electrified vehicles, 2019-2036, (‘000s units)

Table 4: Japanese production of electrified vehicles, 2019-2036, (‘000s units)

Table 5: Chinese production of electrified vehicles, 2019-2036, (‘000s units)

Table 6: Korean production of electrified vehicles, 2019-2036, (‘000s units)

Table 7: Other regional production of electrified vehicles, 2019-2036, (‘000s units)

Table 8: Market fitment/penetration rates of advanced automotive batteries fitted to newly-assembled light vehicles, 2016-2036, (%)

Table 9: Market volumes of advanced automotive batteries fitted to newly-assembled light vehicles, 2016-2036, (‘000s units)

Table 10: Production of electric vehicles, 2016-2036, (‘000s units)

Table 11: Production of mild hybrid vehicles, 2016-2036, (‘000s units)

Table 12: Market volumes of 48V mild hybrids fitted to newly-assembled light vehicles, 2016-2036, (‘000s units)

Table 13: Market fitment/penetration rates of 48V mild hybrids fitted to newly-assembled light vehicles, 2016-2036, (%)

Table 14: Production of PHEVs/EREVs, 2016-2036, (‘000s units)

Table 15: North American battery electric vehicle production, 2007-2017 (000s)

Table 16: Japan battery electric vehicle production, 2007-2017 (000s)

Table 17: South Korean battery electric vehicle production, 2007-2017 (000s)

Table 18: European battery electric vehicle production, 2007-2015 (000s)

Table 19: Chinese battery electric vehicle production, 2007-2015 (000s)

Table 20: Asian full hybrid light vehicle production, 2008-2015 (000s)

Table 21: North American full hybrid light vehicle production, 2008-2015 (000s)

Table 22: European full hybrid light vehicle production, 2008-2015 (‘000s)

Table 23: Mild hybrid electric vehicle production by OEM, 2000-2015 (‘000s units)

Table 24: Chinese PHEV/EREV light vehicle production by manufacturer, 2008-15 (‘000s of vehicles)

Table 25: European PHEV/EREV light vehicle production by manufacturer, 2008-15 (‘000s of vehicles)

Table 26: South Korean PHEV/EREV light vehicle production by manufacturer, 2008-15 (‘000s of vehicles)

Table 27: North American PHEV/EREV light vehicle production by manufacturer, 2008-15 (‘000s of vehicles)

Table 28: Japanese PHEV/EREV light vehicle production by manufacturer, 2008-15 (‘000s of vehicles)

List of Figures

List of Tables

Table 1: Main trends in the Electrified vehicles sector

Table 2: North American production of electrified vehicles, 2019-2036, (‘000s units)

Table 3: European production of electrified vehicles, 2019-2036, (‘000s units)

Table 4: Japanese production of electrified vehicles, 2019-2036, (‘000s units)

Table 5: Chinese production of electrified vehicles, 2019-2036, (‘000s units)

Table 6: Korean production of electrified vehicles, 2019-2036, (‘000s units)

Table 7: Other regional production of electrified vehicles, 2019-2036, (‘000s units)

Table 8: Market fitment/penetration rates of advanced automotive batteries fitted to newly-assembled light vehicles, 2016-2036, (%)

Table 9: Market volumes of advanced automotive batteries fitted to newly-assembled light vehicles, 2016-2036, (‘000s units)

Table 10: Production of electric vehicles, 2016-2036, (‘000s units)

Table 11: Production of mild hybrid vehicles, 2016-2036, (‘000s units)

Table 12: Market volumes of 48V mild hybrids fitted to newly-assembled light vehicles, 2016-2036, (‘000s units)

Table 13: Market fitment/penetration rates of 48V mild hybrids fitted to newly-assembled light vehicles, 2016-2036, (%)

Table 14: Production of PHEVs/EREVs, 2016-2036, (‘000s units)

Table 15: North American battery electric vehicle production, 2007-2017 (000s)

Table 16: Japan battery electric vehicle production, 2007-2017 (000s)

Table 17: South Korean battery electric vehicle production, 2007-2017 (000s)

Table 18: European battery electric vehicle production, 2007-2015 (000s)

Table 19: Chinese battery electric vehicle production, 2007-2015 (000s)

Table 20: Asian full hybrid light vehicle production, 2008-2015 (000s)

Table 21: North American full hybrid light vehicle production, 2008-2015 (000s)

Table 22: European full hybrid light vehicle production, 2008-2015 (‘000s)

Table 23: Mild hybrid electric vehicle production by OEM, 2000-2015 (‘000s units)

Table 24: Chinese PHEV/EREV light vehicle production by manufacturer, 2008-15 (‘000s of vehicles)

Table 25: European PHEV/EREV light vehicle production by manufacturer, 2008-15 (‘000s of vehicles)

Table 26: South Korean PHEV/EREV light vehicle production by manufacturer, 2008-15 (‘000s of vehicles)

Table 27: North American PHEV/EREV light vehicle production by manufacturer, 2008-15 (‘000s of vehicles)

Table 28: Japanese PHEV/EREV light vehicle production by manufacturer, 2008-15 (‘000s of vehicles)

Frequently Asked Questions

The automotive electrified vehicle market is segmented into mild hybrid, PHEVs/EREVs, full hybrid, and EVs.

 

North America, Mercosur, Western Europe, Central Europe, Russia, Japan, China, India, Korea, Thailand, Other Asia, Iran, South Africa, and Australia are the top emerging regions in the automotive electrified vehicle market.

Some of the major automotive electrified vehicle companies are Beijing Auto (BAIC), BMW, BYD, Changan Automobile, Dongfeng, Daimler, FAW, Ford, and General Motors.

The key technological factors for fleet electrification include direct technology and indirect factors.  Direct technology is applied on vehicles, such as the battery, battery management systems, or bespoke vehicle architectures while there’s been a great deal of stimulation for indirect factors to support a future electrified fleet.

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