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Automobile & Transportation Global EV and PHEV Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032

  • RnM4672413
    • |
  • 16 February, 2026
    • |
  • Global
    • |
  • 150 Pages
    • |
  • GIR
    • |
  • Automobile & Transportation

According to our (Global Info Research) latest study, the global EV and PHEV market size was valued at US$ 528104 million in 2025 and is forecast to a readjusted size of US$ 1286810 million by 2032 with a CAGR of 12.1% during review period.
In 2025, global EV and PHEV production reached approximately 23.57 million units, with an average price of 21.5 thousand USD per vehicle.
Electric Vehicles (EVs) are vehicles that run entirely on electric power stored in batteries, using electric motors for propulsion. They do not rely on any internal combustion engine (ICE) or fuel other than electricity, and they must be charged via electric outlets or charging stations. EVs have zero tailpipe emissions, which makes them an environmentally friendly option for transportation.
Plug-in Hybrid Electric Vehicles (PHEVs) are vehicles that combine an internal combustion engine with an electric motor and a battery. PHEVs can operate solely on electric power for shorter distances (usually up to 50-60 kilometers), but they also have a gasoline or diesel engine to extend their range when the battery is depleted. The ability to switch between the electric motor and the internal combustion engine provides more flexibility compared to pure EVs, especially for longer trips. PHEVs can be charged through an electric outlet and use fuel as backup when needed.
From an industry and supply-chain perspective, EVs and PHEVs require components such as batteries (lithium-ion), electric motors, power electronics, wiring systems, and charging infrastructure. The production of these vehicles involves the assembly of the drivetrain, battery pack, and vehicle body, followed by software integration, safety testing, and vehicle final assembly.
The global market for Electric Vehicles (EVs) and Plug-in Hybrid Electric Vehicles (PHEVs) has seen significant growth due to increased demand for eco-friendly transportation options and stricter emissions regulations. The transition to EVs and PHEVs is being accelerated by government incentives, tax rebates, and investments in charging infrastructure, as well as consumer demand for vehicles with lower environmental footprints. The rise of electric mobility is also supported by advancements in battery technology, which have led to improved energy density, faster charging times, and lower costs.
In the global EV market, China is the largest market, with Europe and North America following closely behind. China’s strong policy support and subsidies for electric vehicles, coupled with its large domestic manufacturing base, have made it the largest consumer and producer of electric vehicles. Europe has also seen rapid growth, driven by stricter emissions standards and a strong push for decarbonization, while North America is increasing its focus on EVs as manufacturers expand production and charging infrastructure.
For PHEVs, the market is growing as consumers look for vehicles that offer flexibility in range and charging. PHEVs are popular in regions where charging infrastructure is still developing or where consumers are hesitant to adopt fully electric vehicles.
This report is a detailed and comprehensive analysis for global EV and PHEV market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global EV and PHEV market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global EV and PHEV market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global EV and PHEV market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global EV and PHEV market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for EV and PHEV
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global EV and PHEV market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include BYD, Tesla, BMW, Volkswagen, Li Auto, SeresGroup, GEELY, Mercedes-Benz, VOLVO, SAIC, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
EV and PHEV market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
BEV
PHEV
Market segment by Vehicle
Passenger Cars
Commercial Vehicles
Market segment by Sales Channel
Direct Sales
Distribution
Market segment by Application
Home Use
Commercial Use
Major players covered
BYD
Tesla
BMW
Volkswagen
Li Auto
SeresGroup
GEELY
Mercedes-Benz
VOLVO
SAIC
Hyundai & Kia
Stellantis
Great Wall Motors
Renault
Chery
NIO
TOYOTA
GAC Motor
XPeng
Leapmotor
Xiaomi Auto
Ford
BAIC
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe EV and PHEV product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of EV and PHEV, with price, sales quantity, revenue, and global market share of EV and PHEV from 2021 to 2026.
Chapter 3, the EV and PHEV competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the EV and PHEV breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and EV and PHEV market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of EV and PHEV.
Chapter 14 and 15, to describe EV and PHEV sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global EV and PHEV Consumption Value by Type: 2021 Versus 2025 Versus 2032
    • 1.3.2 BEV
    • 1.3.3 PHEV
  • 1.4 Market Analysis by Vehicle
    • 1.4.1 Overview: Global EV and PHEV Consumption Value by Vehicle: 2021 Versus 2025 Versus 2032
    • 1.4.2 Passenger Cars
    • 1.4.3 Commercial Vehicles
  • 1.5 Market Analysis by Sales Channel
    • 1.5.1 Overview: Global EV and PHEV Consumption Value by Sales Channel: 2021 Versus 2025 Versus 2032
    • 1.5.2 Direct Sales
    • 1.5.3 Distribution
  • 1.6 Market Analysis by Application
    • 1.6.1 Overview: Global EV and PHEV Consumption Value by Application: 2021 Versus 2025 Versus 2032
    • 1.6.2 Home Use
    • 1.6.3 Commercial Use
  • 1.7 Global EV and PHEV Market Size & Forecast
    • 1.7.1 Global EV and PHEV Consumption Value (2021 & 2025 & 2032)
    • 1.7.2 Global EV and PHEV Sales Quantity (2021-2032)
    • 1.7.3 Global EV and PHEV Average Price (2021-2032)

2 Manufacturers Profiles

  • 2.1 BYD
    • 2.1.1 BYD Details
    • 2.1.2 BYD Major Business
    • 2.1.3 BYD EV and PHEV Product and Services
    • 2.1.4 BYD EV and PHEV Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.1.5 BYD Recent Developments/Updates
  • 2.2 Tesla
    • 2.2.1 Tesla Details
    • 2.2.2 Tesla Major Business
    • 2.2.3 Tesla EV and PHEV Product and Services
    • 2.2.4 Tesla EV and PHEV Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.2.5 Tesla Recent Developments/Updates
  • 2.3 BMW
    • 2.3.1 BMW Details
    • 2.3.2 BMW Major Business
    • 2.3.3 BMW EV and PHEV Product and Services
    • 2.3.4 BMW EV and PHEV Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.3.5 BMW Recent Developments/Updates
  • 2.4 Volkswagen
    • 2.4.1 Volkswagen Details
    • 2.4.2 Volkswagen Major Business
    • 2.4.3 Volkswagen EV and PHEV Product and Services
    • 2.4.4 Volkswagen EV and PHEV Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.4.5 Volkswagen Recent Developments/Updates
  • 2.5 Li Auto
    • 2.5.1 Li Auto Details
    • 2.5.2 Li Auto Major Business
    • 2.5.3 Li Auto EV and PHEV Product and Services
    • 2.5.4 Li Auto EV and PHEV Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.5.5 Li Auto Recent Developments/Updates
  • 2.6 SeresGroup
    • 2.6.1 SeresGroup Details
    • 2.6.2 SeresGroup Major Business
    • 2.6.3 SeresGroup EV and PHEV Product and Services
    • 2.6.4 SeresGroup EV and PHEV Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.6.5 SeresGroup Recent Developments/Updates
  • 2.7 GEELY
    • 2.7.1 GEELY Details
    • 2.7.2 GEELY Major Business
    • 2.7.3 GEELY EV and PHEV Product and Services
    • 2.7.4 GEELY EV and PHEV Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.7.5 GEELY Recent Developments/Updates
  • 2.8 Mercedes-Benz
    • 2.8.1 Mercedes-Benz Details
    • 2.8.2 Mercedes-Benz Major Business
    • 2.8.3 Mercedes-Benz EV and PHEV Product and Services
    • 2.8.4 Mercedes-Benz EV and PHEV Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.8.5 Mercedes-Benz Recent Developments/Updates
  • 2.9 VOLVO
    • 2.9.1 VOLVO Details
    • 2.9.2 VOLVO Major Business
    • 2.9.3 VOLVO EV and PHEV Product and Services
    • 2.9.4 VOLVO EV and PHEV Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.9.5 VOLVO Recent Developments/Updates
  • 2.10 SAIC
    • 2.10.1 SAIC Details
    • 2.10.2 SAIC Major Business
    • 2.10.3 SAIC EV and PHEV Product and Services
    • 2.10.4 SAIC EV and PHEV Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.10.5 SAIC Recent Developments/Updates
  • 2.11 Hyundai & Kia
    • 2.11.1 Hyundai & Kia Details
    • 2.11.2 Hyundai & Kia Major Business
    • 2.11.3 Hyundai & Kia EV and PHEV Product and Services
    • 2.11.4 Hyundai & Kia EV and PHEV Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.11.5 Hyundai & Kia Recent Developments/Updates
  • 2.12 Stellantis
    • 2.12.1 Stellantis Details
    • 2.12.2 Stellantis Major Business
    • 2.12.3 Stellantis EV and PHEV Product and Services
    • 2.12.4 Stellantis EV and PHEV Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.12.5 Stellantis Recent Developments/Updates
  • 2.13 Great Wall Motors
    • 2.13.1 Great Wall Motors Details
    • 2.13.2 Great Wall Motors Major Business
    • 2.13.3 Great Wall Motors EV and PHEV Product and Services
    • 2.13.4 Great Wall Motors EV and PHEV Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.13.5 Great Wall Motors Recent Developments/Updates
  • 2.14 Renault
    • 2.14.1 Renault Details
    • 2.14.2 Renault Major Business
    • 2.14.3 Renault EV and PHEV Product and Services
    • 2.14.4 Renault EV and PHEV Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.14.5 Renault Recent Developments/Updates
  • 2.15 Chery
    • 2.15.1 Chery Details
    • 2.15.2 Chery Major Business
    • 2.15.3 Chery EV and PHEV Product and Services
    • 2.15.4 Chery EV and PHEV Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.15.5 Chery Recent Developments/Updates
  • 2.16 NIO
    • 2.16.1 NIO Details
    • 2.16.2 NIO Major Business
    • 2.16.3 NIO EV and PHEV Product and Services
    • 2.16.4 NIO EV and PHEV Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.16.5 NIO Recent Developments/Updates
  • 2.17 TOYOTA
    • 2.17.1 TOYOTA Details
    • 2.17.2 TOYOTA Major Business
    • 2.17.3 TOYOTA EV and PHEV Product and Services
    • 2.17.4 TOYOTA EV and PHEV Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.17.5 TOYOTA Recent Developments/Updates
  • 2.18 GAC Motor
    • 2.18.1 GAC Motor Details
    • 2.18.2 GAC Motor Major Business
    • 2.18.3 GAC Motor EV and PHEV Product and Services
    • 2.18.4 GAC Motor EV and PHEV Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.18.5 GAC Motor Recent Developments/Updates
  • 2.19 XPeng
    • 2.19.1 XPeng Details
    • 2.19.2 XPeng Major Business
    • 2.19.3 XPeng EV and PHEV Product and Services
    • 2.19.4 XPeng EV and PHEV Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.19.5 XPeng Recent Developments/Updates
  • 2.20 Leapmotor
    • 2.20.1 Leapmotor Details
    • 2.20.2 Leapmotor Major Business
    • 2.20.3 Leapmotor EV and PHEV Product and Services
    • 2.20.4 Leapmotor EV and PHEV Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.20.5 Leapmotor Recent Developments/Updates
  • 2.21 Xiaomi Auto
    • 2.21.1 Xiaomi Auto Details
    • 2.21.2 Xiaomi Auto Major Business
    • 2.21.3 Xiaomi Auto EV and PHEV Product and Services
    • 2.21.4 Xiaomi Auto EV and PHEV Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.21.5 Xiaomi Auto Recent Developments/Updates
  • 2.22 Ford
    • 2.22.1 Ford Details
    • 2.22.2 Ford Major Business
    • 2.22.3 Ford EV and PHEV Product and Services
    • 2.22.4 Ford EV and PHEV Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.22.5 Ford Recent Developments/Updates
  • 2.23 BAIC
    • 2.23.1 BAIC Details
    • 2.23.2 BAIC Major Business
    • 2.23.3 BAIC EV and PHEV Product and Services
    • 2.23.4 BAIC EV and PHEV Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.23.5 BAIC Recent Developments/Updates

3 Competitive Environment: EV and PHEV by Manufacturer

  • 3.1 Global EV and PHEV Sales Quantity by Manufacturer (2021-2026)
  • 3.2 Global EV and PHEV Revenue by Manufacturer (2021-2026)
  • 3.3 Global EV and PHEV Average Price by Manufacturer (2021-2026)
  • 3.4 Market Share Analysis (2025)
    • 3.4.1 Producer Shipments of EV and PHEV by Manufacturer Revenue ($MM) and Market Share (%): 2025
    • 3.4.2 Top 3 EV and PHEV Manufacturer Market Share in 2025
    • 3.4.3 Top 6 EV and PHEV Manufacturer Market Share in 2025
  • 3.5 EV and PHEV Market: Overall Company Footprint Analysis
    • 3.5.1 EV and PHEV Market: Region Footprint
    • 3.5.2 EV and PHEV Market: Company Product Type Footprint
    • 3.5.3 EV and PHEV Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global EV and PHEV Market Size by Region
    • 4.1.1 Global EV and PHEV Sales Quantity by Region (2021-2032)
    • 4.1.2 Global EV and PHEV Consumption Value by Region (2021-2032)
    • 4.1.3 Global EV and PHEV Average Price by Region (2021-2032)
  • 4.2 North America EV and PHEV Consumption Value (2021-2032)
  • 4.3 Europe EV and PHEV Consumption Value (2021-2032)
  • 4.4 Asia-Pacific EV and PHEV Consumption Value (2021-2032)
  • 4.5 South America EV and PHEV Consumption Value (2021-2032)
  • 4.6 Middle East & Africa EV and PHEV Consumption Value (2021-2032)

5 Market Segment by Type

  • 5.1 Global EV and PHEV Sales Quantity by Type (2021-2032)
  • 5.2 Global EV and PHEV Consumption Value by Type (2021-2032)
  • 5.3 Global EV and PHEV Average Price by Type (2021-2032)

6 Market Segment by Application

  • 6.1 Global EV and PHEV Sales Quantity by Application (2021-2032)
  • 6.2 Global EV and PHEV Consumption Value by Application (2021-2032)
  • 6.3 Global EV and PHEV Average Price by Application (2021-2032)

7 North America

  • 7.1 North America EV and PHEV Sales Quantity by Type (2021-2032)
  • 7.2 North America EV and PHEV Sales Quantity by Application (2021-2032)
  • 7.3 North America EV and PHEV Market Size by Country
    • 7.3.1 North America EV and PHEV Sales Quantity by Country (2021-2032)
    • 7.3.2 North America EV and PHEV Consumption Value by Country (2021-2032)
    • 7.3.3 United States Market Size and Forecast (2021-2032)
    • 7.3.4 Canada Market Size and Forecast (2021-2032)
    • 7.3.5 Mexico Market Size and Forecast (2021-2032)

8 Europe

  • 8.1 Europe EV and PHEV Sales Quantity by Type (2021-2032)
  • 8.2 Europe EV and PHEV Sales Quantity by Application (2021-2032)
  • 8.3 Europe EV and PHEV Market Size by Country
    • 8.3.1 Europe EV and PHEV Sales Quantity by Country (2021-2032)
    • 8.3.2 Europe EV and PHEV Consumption Value by Country (2021-2032)
    • 8.3.3 Germany Market Size and Forecast (2021-2032)
    • 8.3.4 France Market Size and Forecast (2021-2032)
    • 8.3.5 United Kingdom Market Size and Forecast (2021-2032)
    • 8.3.6 Russia Market Size and Forecast (2021-2032)
    • 8.3.7 Italy Market Size and Forecast (2021-2032)

9 Asia-Pacific

  • 9.1 Asia-Pacific EV and PHEV Sales Quantity by Type (2021-2032)
  • 9.2 Asia-Pacific EV and PHEV Sales Quantity by Application (2021-2032)
  • 9.3 Asia-Pacific EV and PHEV Market Size by Region
    • 9.3.1 Asia-Pacific EV and PHEV Sales Quantity by Region (2021-2032)
    • 9.3.2 Asia-Pacific EV and PHEV Consumption Value by Region (2021-2032)
    • 9.3.3 China Market Size and Forecast (2021-2032)
    • 9.3.4 Japan Market Size and Forecast (2021-2032)
    • 9.3.5 South Korea Market Size and Forecast (2021-2032)
    • 9.3.6 India Market Size and Forecast (2021-2032)
    • 9.3.7 Southeast Asia Market Size and Forecast (2021-2032)
    • 9.3.8 Australia Market Size and Forecast (2021-2032)

10 South America

  • 10.1 South America EV and PHEV Sales Quantity by Type (2021-2032)
  • 10.2 South America EV and PHEV Sales Quantity by Application (2021-2032)
  • 10.3 South America EV and PHEV Market Size by Country
    • 10.3.1 South America EV and PHEV Sales Quantity by Country (2021-2032)
    • 10.3.2 South America EV and PHEV Consumption Value by Country (2021-2032)
    • 10.3.3 Brazil Market Size and Forecast (2021-2032)
    • 10.3.4 Argentina Market Size and Forecast (2021-2032)

11 Middle East & Africa

  • 11.1 Middle East & Africa EV and PHEV Sales Quantity by Type (2021-2032)
  • 11.2 Middle East & Africa EV and PHEV Sales Quantity by Application (2021-2032)
  • 11.3 Middle East & Africa EV and PHEV Market Size by Country
    • 11.3.1 Middle East & Africa EV and PHEV Sales Quantity by Country (2021-2032)
    • 11.3.2 Middle East & Africa EV and PHEV Consumption Value by Country (2021-2032)
    • 11.3.3 Turkey Market Size and Forecast (2021-2032)
    • 11.3.4 Egypt Market Size and Forecast (2021-2032)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2021-2032)
    • 11.3.6 South Africa Market Size and Forecast (2021-2032)

12 Market Dynamics

  • 12.1 EV and PHEV Market Drivers
  • 12.2 EV and PHEV Market Restraints
  • 12.3 EV and PHEV Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of EV and PHEV and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of EV and PHEV
  • 13.3 EV and PHEV Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 EV and PHEV Typical Distributors
  • 14.3 EV and PHEV Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on EV and PHEV. Industry analysis & Market Report on EV and PHEV is a syndicated market report, published as Global EV and PHEV Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of EV and PHEV market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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