BRIC Countries (Brazil, Russia, India, China) Hybrid and Electric Cars Market Summary, Competitive Analysis and Forecast, 2017-2026

Pages: 140 Published: June 10, 2022 Report Code: GDMLIG220011-03

The BRIC countries, which include Brazil, Russia, India, and China, contributed $107.02 billion in 2021 to the global hybrid & electric cars industry. The hybrid & electric cars industry is expected to grow at a CAGR of more than 22% during 2021-2026. The BRIC countries hybrid & electric cars market research report provides top-line qualitative and quantitative summary information including market size and forecast. The profile also contains descriptions of the leading players including key financial metrics and an analysis of competitive pressures within the market.

BRIC Countries (Brazil, Russia, India, China) Hybrid and Electric Cars Market Summary

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Key Nation in the BRIC Countries Hybrid and Electric Cars Market

The BRIC countries include Brazil, Russia, India, and China. China is leading the BRIC countries hybrid & electric cars market in terms of revenue.

Brazil

The market is set to follow a double-digit growth during the forecast period as the adoption of hybrid and electric cars will continue to increase, driven by increasing affordability and a greater number of offerings, also facilitated by government incentives and expanding infrastructure.

Hybrid and electric car adoption has been strongly increasing in recent years thanks to their increasing affordability, the growing availability of new offerings with improved range capacities, and the continuous expansion of charging infrastructure.

China

The Chinese market saw decelerated sales growth in 2021 compared to 2020. Although consumer confidence improved during 2021, as the COVID-19 pandemic had receded, pent-up demand was largely exhausted during the second half of 2020. Moreover, the COVID-19 pandemic exacerbated the already strenuous supply conditions in the semiconductor industry, on which the automotive industry and particular electric cars are reliant for crucial input parts.

Additionally, in a bid to relieve the impact of the pandemic and support the market and the local automotive industry, the government announced that the purchase of electric cars and plug-in hybrids will remain exempt from VAT until the end of 2022, extending the initial plan of ending it after 2020.

India

The Indian market saw decelerated sales growth in 2021 compared to 2020. However, the sales of hybrid and electric cars will continue to grow strongly over the coming years given that the market is set to expand both in demand and supply terms. 

Russia

The share of hybrid and electric car sales has grown from 2017 to 2021, according to in-house research, indicating a relatively adoption rate compared to other markets. Automakers have revealed concrete plans of ramping up their production of electric vehicles over the coming years in an effort to align with the transition to a low-carbon economy. Accordingly, the increased number of offerings for consumers is set to stimulate sales.

Leading Nation in the BRIC Countries Hybrid and Electric Cars Market, by Revenue

Leading Nation in the BRIC Countries Hybrid and Electric Cars Market, by Revenue

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Key Company in the BRIC Countries Hybrid and Electric Cars Market

There are many companies in the BRIC countries hybrid and electric cars such as Toyota Motor Corporation, Bayerische Motoren Werke AG, General Motors Company, BYD Company Limited, BAIC Motor Corporation Ltd, SAIC Motor Corp Ltd, Tesla, Inc., Tata Motors Limited, Hyundai Corporation, and Volkswagen AG.

Toyota Motor Corporation

Toyota Motor Corporation (Toyota or ‘the company’) is a manufacturer and seller of motor vehicles. The company is headquartered in Toyota City, Aichi, Japan.

Tesla

Tesla, Inc. (Tesla or ‘the company’) is a US-based automotive company that designs, manufactures, and markets electric vehicles, components, and energy storage and generation systems. The company is headquartered in Palo Alto, California, the US. 

General Motors Company

General Motors Company (GM or ‘the company’) is engaged in the design, development, production, and marketing of cars, trucks, and automobile parts. The company is headquartered in Detroit, Michigan, US.

Volkswagen AG

Volkswagen AG (Volkswagen or ‘the group’) is an automobile manufacturer and car manufacturer in Europe. It has manufacturing facilities in Salzgitter, Germany, and China. Volkswagen has a business presence in the Americas, Europe, Asia-Pacific, and the Middle East. The company is headquartered in Wolfsburg, Germany.

Market Report Overview

Market Size 2021 $107.02 billion
CAGR % (2021-2026) >22%
Key BRIC Countries Brazil, Russia, India, and China
Leading country China
Key Companies Toyota Motor Corporation, Bayerische Motoren Werke AG, General Motors Company, BYD Company Limited, BAIC Motor Corporation Ltd, SAIC Motor Corp Ltd, Tesla, Inc., Tata Motors Limited, Hyundai Corporation, and Volkswagen AG

Scope

  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the BRIC hybrid & electric car industry
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the BRIC hybrid & electric car industry
  • Leading company profiles reveal details of key hybrid & electric car industry players’ BRIC operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the BRIC hybrid & electric car Industry with five year forecasts by both value and volume
  • Compares data from Brazil, Russia, India, and China, alongside individual chapters on each country

Reasons to Buy

The report includes:

  • The size of the BRIC hybrid & electric car industry by value in 2021
  • The size of the BRIC hybrid & electric car industry in 2026
  • Factors are affecting the strength of competition in the BRIC hybrid & electric car industry
  • The industry performance over the last five years
  • The top competitors in the BRIC hybrid & electric car industry

Key Players

Toyota Motor Corporation
Bayerische Motoren Werke AG
General Motors Company
BYD Company Limited
BAIC Motor Corporation Ltd
SAIC Motor Corp Ltd
Tesla, Inc.
Tata Motors Limited
Hyundai Corporation
Volkswagen AG

Table of Contents

Table of Contents

1 Introduction

1.1. What is this report about?

1.2. Who is the target reader?

1.3. How to use this report

1.4. Definitions

2 BRIC Hybrid & Electric Cars

2.1. Industry Outlook

3 Hybrid & Electric Cars in Brazil

3.1. Market Overview

3.2. Market Data

3.3. Market Segmentation

3.4. Market outlook

3.5. Five forces analysis

4 Macroeconomic Indicators

4.1. Country data

5 Hybrid & Electric Cars in China

5.1. Market Overview

5.2. Market Data

5.3. Market Segmentation

5.4. Market outlook

5.5. Five forces analysis

6 Macroeconomic Indicators

6.1. Country data

7 Hybrid & Electric Cars in India

7.1. Market Overview

7.2. Market Data

7.3. Market Segmentation

7.4. Market outlook

7.5. Five forces analysis

8 Macroeconomic Indicators

8.1. Country data

9 Hybrid & Electric Cars in Russia

9.1. Market Overview

9.2. Market Data

9.3. Market Segmentation

9.4. Market outlook

9.5. Five forces analysis

10 Macroeconomic Indicators

10.1. Country data

11 Company Profiles

11.1. Toyota Motor Corporation

11.2. Bayerische Motoren Werke AG

11.3. General Motors Company

11.4. BYD Company Limited

11.5. BAIC Motor Corporation Ltd

11.6. SAIC Motor Corp Ltd

11.7. Tesla, Inc.

11.8. Tata Motors Limited

11.9. Hyundai Corporation

11.10. Volkswagen AG

12 Appendix

12.1. Methodology

12.2. About GlobalData

List of Tables

List of Tables

Table 1: BRIC hybrid & electric cars industry, revenue($m), 2017-26

Table 2: BRIC hybrid & electric cars industry, revenue($m), 2017-21

Table 3: BRIC hybrid & electric cars industry, revenue($m), 2021-26

Table 4: Brazil hybrid & electric cars market value: $ million, 2017–21

Table 5: Brazil hybrid & electric cars market volume: Cars, 2017–21

Table 6: Brazil hybrid & electric cars market category segmentation: % share, by volume, 2017–2021

Table 7: Brazil hybrid & electric cars market category segmentation: Cars, 2017-2021

Table 8: Brazil hybrid & electric cars market geography segmentation: $ million, 2021

Table 9: Brazil hybrid & electric cars market value forecast: $ million, 2021–26

Table 10: Brazil hybrid & electric cars market volume forecast: Cars, 2021–26

Table 11: Brazil size of population (million), 2017–21

Table 12: Brazil gdp (constant 2005 prices, $ billion), 2017–21

Table 13: Brazil gdp (current prices, $ billion), 2017–21

Table 14: Brazil inflation, 2017–21

Table 15: Brazil consumer price index (absolute), 2017–21

Table 16: Brazil exchange rate, 2017–21

Table 17: China hybrid & electric cars market value: $ million, 2017–21

Table 18: China hybrid & electric cars market volume: Cars, 2017–21

Table 19: China hybrid & electric cars market category segmentation: % share, by volume, 2017–2021

Table 20: China hybrid & electric cars market category segmentation: Cars, 2017-2021

Table 21: China hybrid & electric cars market geography segmentation: $ million, 2021

Table 22: China hybrid & electric cars market value forecast: $ million, 2021–26

Table 23: China hybrid & electric cars market volume forecast: Cars, 2021–26

Table 24: China size of population (million), 2017–21

Table 25: China gdp (constant 2005 prices, $ billion), 2017–21

Table 26: China gdp (current prices, $ billion), 2017–21

Table 27: China inflation, 2017–21

Table 28: China consumer price index (absolute), 2017–21

Table 29: China exchange rate, 2017–21

Table 30: India hybrid & electric cars market value: $ million, 2017–21

Table 31: India hybrid & electric cars market volume: Cars, 2017–21

Table 32: India hybrid & electric cars market category segmentation: % share, by volume, 2017–2021

Table 33: India hybrid & electric cars market category segmentation: Cars, 2017-2021

Table 34: India hybrid & electric cars market geography segmentation: $ million, 2021

Table 35: India hybrid & electric cars market value forecast: $ million, 2021–26

Table 36: India hybrid & electric cars market volume forecast: Cars, 2021–26

Table 37: India size of population (million), 2017–21

Table 38: India gdp (constant 2005 prices, $ billion), 2017–21

Table 39: India gdp (current prices, $ billion), 2017–21

Table 40: India inflation, 2017–21

Table 41: India consumer price index (absolute), 2017–21

Table 42: India exchange rate, 2017–21

Table 43: Russia hybrid & electric cars market value: $ million, 2017–21

Table 44: Russia hybrid & electric cars market volume: Cars, 2017–21

Table 45: Russia hybrid & electric cars market category segmentation: % share, by volume, 2017–2021

Table 46: Russia hybrid & electric cars market category segmentation: Cars, 2017-2021

Table 47: Russia hybrid & electric cars market geography segmentation: $ million, 2021

Table 48: Russia hybrid & electric cars market value forecast: $ million, 2021–26

Table 49: Russia hybrid & electric cars market volume forecast: Cars, 2021–26

Table 50: Russia size of population (million), 2017–21

Table 51: Russia gdp (constant 2005 prices, $ billion), 2017–21

Table 52: Russia gdp (current prices, $ billion), 2017–21

Table 53: Russia inflation, 2017–21

Table 54: Russia consumer price index (absolute), 2017–21

Table 55: Russia exchange rate, 2017–21

Table 56: Toyota Motor Corporation: key facts

Table 57: Toyota Motor Corporation: Annual Financial Ratios

Table 58: Toyota Motor Corporation: Key Employees

Table 59: Toyota Motor Corporation: Key Employees Continued

Table 60: Toyota Motor Corporation: Key Employees Continued

Table 61: Bayerische Motoren Werke AG: key facts

Table 62: Bayerische Motoren Werke AG: Annual Financial Ratios

Table 63: Bayerische Motoren Werke AG: Key Employees

Table 64: Bayerische Motoren Werke AG: Key Employees Continued

Table 65: General Motors Company: key facts

Table 66: General Motors Company: Annual Financial Ratios

Table 67: General Motors Company: Key Employees

Table 68: General Motors Company: Key Employees Continued

Table 69: General Motors Company: Key Employees Continued

Table 70: BYD Company Limited: key facts

Table 71: BYD Company Limited: Annual Financial Ratios

Table 72: BYD Company Limited: Key Employees

Table 73: BAIC Motor Corporation Ltd: key facts

Table 74: BAIC Motor Corporation Ltd: Annual Financial Ratios

Table 75: BAIC Motor Corporation Ltd: Key Employees

Table 76: SAIC Motor Corp Ltd: key facts

Table 77: SAIC Motor Corp Ltd: Annual Financial Ratios

Table 78: SAIC Motor Corp Ltd: Key Employees

Table 79: Tesla, Inc.: key facts

Table 80: Tesla, Inc.: Annual Financial Ratios

Table 81: Tesla, Inc.: Key Employees

Table 82: Tata Motors Limited: key facts

Table 83: Tata Motors Limited: Annual Financial Ratios

Table 84: Tata Motors Limited: Key Employees

Table 85: Hyundai Corporation: key facts

Table 86: Hyundai Corporation: Annual Financial Ratios

Table 87: Hyundai Corporation: Key Employees

Table 88: Volkswagen AG: key facts

Table 89: Volkswagen AG: Annual Financial Ratios

Table 90: Volkswagen AG: Key Employees

Table 91: Volkswagen AG: Key Employees Continued

Table 92: Volkswagen AG: Key Employees Continued

List of Figures

List of Figures

Figure 1: BRIC hybrid & electric cars industry, revenue($m), 2017-26

Figure 2: BRIC hybrid & electric cars industry, revenue($m), 2017-21

Figure 3: BRIC hybrid & electric cars industry, revenue($m), 2021-26

Figure 4: Brazil hybrid & electric cars market value: $ million, 2017–21

Figure 5: Brazil hybrid & electric cars market volume: Cars, 2017–21

Figure 6: Brazil hybrid & electric cars market category segmentation: Cars, 2017-2021

Figure 7: Brazil hybrid & electric cars market geography segmentation: % share, by value, 2021

Figure 8: Brazil hybrid & electric cars market value forecast: $ million, 2021–26

Figure 9: Brazil hybrid & electric cars market volume forecast: Cars, 2021–26

Figure 10: Forces driving competition in the hybrid & electric cars market in Brazil, 2021

Figure 11: Drivers of buyer power in the hybrid & electric cars market in Brazil, 2021

Figure 12: Drivers of supplier power in the hybrid & electric cars market in Brazil, 2021

Figure 13: Factors influencing the likelihood of new entrants in the hybrid & electric cars market in Brazil, 2021

Figure 14: Factors influencing the threat of substitutes in the hybrid & electric cars market in Brazil, 2021

Figure 15: Drivers of degree of rivalry in the hybrid & electric cars market in Brazil, 2021

Figure 16: China hybrid & electric cars market value: $ million, 2017–21

Figure 17: China hybrid & electric cars market volume: Cars, 2017–21

Figure 18: China hybrid & electric cars market category segmentation: Cars, 2017-2021

Figure 19: China hybrid & electric cars market geography segmentation: % share, by value, 2021

Figure 20: China hybrid & electric cars market value forecast: $ million, 2021–26

Figure 21: China hybrid & electric cars market volume forecast: Cars, 2021–26

Figure 22: Forces driving competition in the hybrid & electric cars market in China, 2021

Figure 23: Drivers of buyer power in the hybrid & electric cars market in China, 2021

Figure 24: Drivers of supplier power in the hybrid & electric cars market in China, 2021

Figure 25: Factors influencing the likelihood of new entrants in the hybrid & electric cars market in China, 2021

Figure 26: Factors influencing the threat of substitutes in the hybrid & electric cars market in China, 2021

Figure 27: Drivers of degree of rivalry in the hybrid & electric cars market in China, 2021

Figure 28: India hybrid & electric cars market value: $ million, 2017–21

Figure 29: India hybrid & electric cars market volume: Cars, 2017–21

Figure 30: India hybrid & electric cars market category segmentation: Cars, 2017-2021

Figure 31: India hybrid & electric cars market geography segmentation: % share, by value, 2021

Figure 32: India hybrid & electric cars market value forecast: $ million, 2021–26

Figure 33: India hybrid & electric cars market volume forecast: Cars, 2021–26

Figure 34: Forces driving competition in the hybrid & electric cars market in India, 2021

Figure 35: Drivers of buyer power in the hybrid & electric cars market in India, 2021

Figure 36: Drivers of supplier power in the hybrid & electric cars market in India, 2021

Figure 37: Factors influencing the likelihood of new entrants in the hybrid & electric cars market in India, 2021

Figure 38: Factors influencing the threat of substitutes in the hybrid & electric cars market in India, 2021

Figure 39: Drivers of degree of rivalry in the hybrid & electric cars market in India, 2021

Figure 40: Russia hybrid & electric cars market value: $ million, 2017–21

Figure 41: Russia hybrid & electric cars market volume: Cars, 2017–21

Figure 42: Russia hybrid & electric cars market category segmentation: Cars, 2017-2021

Figure 43: Russia hybrid & electric cars market geography segmentation: % share, by value, 2021

Figure 44: Russia hybrid & electric cars market value forecast: $ million, 2021–26

Figure 45: Russia hybrid & electric cars market volume forecast: Cars, 2021–26

Figure 46: Forces driving competition in the hybrid & electric cars market in Russia, 2021

Figure 47: Drivers of buyer power in the hybrid & electric cars market in Russia, 2021

Figure 48: Drivers of supplier power in the hybrid & electric cars market in Russia, 2021

Figure 49: Factors influencing the likelihood of new entrants in the hybrid & electric cars market in Russia, 2021

Figure 50: Factors influencing the threat of substitutes in the hybrid & electric cars market in Russia, 2021

Figure 51: Drivers of degree of rivalry in the hybrid & electric cars market in Russia, 2021

Frequently Asked Questions

The BRIC countries contributed $107.02 billion to the global hybrid and electric cars industry in 2021.

The countries are expected to accelerate at a CAGR of more than 22% over the forecast period.

Brazil, Russia, India, and China are included in the BRIC countries hybrid and electric cars market.

China will be leading the BRIC countries hybrid and electric cars market in terms of revenue.

There are many companies in the BRIC countries hybrid and electric cars markets such as Toyota Motor Corporation, Bayerische Motoren Werke AG, General Motors Company, BYD Company Limited, BAIC Motor Corporation Ltd, SAIC Motor Corp Ltd, Tesla, Inc., Tata Motors Limited, Hyundai Corporation, and Volkswagen AG.

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