Global Industry Analysts Predicts the World Electric Vehicles (EVs) Market to Reach 59 Million Units by 2026

- Advertisement -

SAN FRANCISCO, Sept. 8, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Electric Vehicles (EVs) – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

World Electric Vehicles (EVs) Market


Edition: 18; Released: April 2021

Executive Pool: 8584

Companies: 569 – Players covered include Bayerische Motoren Werke AG; BYD Company Limited; Daimler AG; DONGFENG ELECTRIC VEHICLE Co., LTD.; FDG Electric Vehicles Limited; Ford Motor Company; General Motors Company; Global Electric Motorcars (GEM); Groupe Renault; Honda Motor Co., Ltd.; Hyundai Motor Company; Karma Automotive; Lucid Motors; Mitsubishi Motors Corporation; NEXT Future Transportation Inc.; NextEV Ltd. (NIO); Nissan Motor Co., Ltd.; Tesla Motors Inc.; Toyota Motor Corp.; Volkswagen AG and Others.

Coverage: All major geographies and key segments

Segments: Product Segment (Battery Electric Vehicles (BEV), Plugin Hybrid Electric Vehicles (PHEV))

Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Complimentary Project Preview – This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry


Global Electric Vehicles (EVs) Market to Reach 59 Million Units by 2026

Amid the COVID-19 crisis, the global market for Electric Vehicles (EVs) estimated at 3.2 Million Units in the year 2020, is projected to reach a revised size of 59 Million Units by 2026, growing at a CAGR of 61.5% over the analysis period. Battery Electric Vehicles (BEV), one of the segments analyzed in the report, is projected to record a 60% CAGR and reach 59.8 Million Units by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Plugin Hybrid Electric Vehicles (PHEV) segment is readjusted to a revised 64.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at 1.7 Million Units in 2021, While China is Forecast to Reach 9.5 Million Units by 2026

The Electric Vehicles (EVs) market in the U.S. is estimated at 1.7 Million Units in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of 9.5 Million Units by the year 2026 trailing a CAGR of 58.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 54.9% and 52.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 41.5% CAGR. More

MarketGlass Platform

Our MarketGlass Platform is a free full-stack knowledge center that is custom configurable to today`s busy business executive`s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include – enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.

Our platform is free for qualified executives and is accessible from our website or via our just released mobile application on iOS or Android

About Global Industry Analysts, Inc. & StrategyR

Global Industry Analysts, Inc., ( is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.


Zak Ali

Director, Corporate Communications

Global Industry Analysts, Inc.

Phone: 1-408-528-9966

Email: [email protected]


Join Our Expert Panel

Connect With Us on LinkedIn

Follow Us on Twitter

Journalists & Media

[email protected]


Cision View original content to download multimedia:

SOURCE Global Industry Analysts, Inc.

Disclaimer: The above press release comes to you under an arrangement with PR Newswire. Agrigate Global takes no editorial responsibility for the same.