List of Contents

Zero Emission Vehicle (ZEV) Market Size, Share, and Trends 2024 to 2034

The global zero emission vehicle (ZEV) market size accounted for USD 212.81 billion in 2024, grew to USD 258.36 billion in 2025 and is projected to surpass around USD 1,479.75 billion by 2034, representing a healthy CAGR of 21.40% between 2024 and 2034. The North America zero emission vehicle (ZEV) market size is calculated at USD 93.64 billion in 2024 and is expected to grow at a fastest CAGR of 21.53% during the forecast year.

  • Last Updated : November 2024
  • Report Code : 2454
  • Category : Automotive

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Zero Emission Vehicle (ZEV) Market 

5.1. COVID-19 Landscape: Zero Emission Vehicle (ZEV) Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Zero Emission Vehicle (ZEV) Market, By Vehicle Type

8.1. Zero Emission Vehicle (ZEV) Market, by Vehicle Type, 2024-2034

8.1.1. Battery Electric Vehicle (BEV)

8.1.1.1. Market Revenue and Forecast (2021-2034)

8.1.2. Plug-in Hybrid Electric Vehicle (PHEV)

8.1.2.1. Market Revenue and Forecast (2021-2034)

8.1.3. Fuel Cell Electric Vehicle (FCEV)

8.1.3.1. Market Revenue and Forecast (2021-2034)

Chapter 9. Global Zero Emission Vehicle (ZEV) Market, By Application

9.1. Zero Emission Vehicle (ZEV) Market, by Application, 2024-2034

9.1.1. Commercial Vehicle

9.1.1.1. Market Revenue and Forecast (2021-2034)

9.1.2. Passenger Vehicle

9.1.2.1. Market Revenue and Forecast (2021-2034)

9.1.3. Two Wheelers

9.1.3.1. Market Revenue and Forecast (2021-2034)

Chapter 10. Global Zero Emission Vehicle (ZEV) Market, By Price

10.1. Zero Emission Vehicle (ZEV) Market, by Price, 2024-2034

10.1.1. Mid-Priced

10.1.1.1. Market Revenue and Forecast (2021-2034)

10.1.2. Luxury

10.1.2.1. Market Revenue and Forecast (2021-2034)

Chapter 11. Global Zero Emission Vehicle (ZEV) Market, By Vehicle Drive Type

11.1. Zero Emission Vehicle (ZEV) Market, by Vehicle Drive Type, 2024-2034

11.1.1. Front Wheel Drive

11.1.1.1. Market Revenue and Forecast (2021-2034)

11.1.2. Rear Wheel Drive

11.1.2.1. Market Revenue and Forecast (2021-2034)

11.1.3. All Wheel Drive

11.1.3.1. Market Revenue and Forecast (2021-2034)

Chapter 12. Global Zero Emission Vehicle (ZEV) Market, By Top Speed

12.1. Zero Emission Vehicle (ZEV) Market, by Top Speed, 2024-2034

12.1.1. Less Than 100 MPH

12.1.1.1. Market Revenue and Forecast (2021-2034)

12.1.2. 100 to 125 MPH

12.1.2.1. Market Revenue and Forecast (2021-2034)

12.1.3. More Than 125 MPH

12.1.3.1. Market Revenue and Forecast (2021-2034)

Chapter 13. Global Zero Emission Vehicle (ZEV) Market, By Source of Power

13.1. Zero Emission Vehicle (ZEV) Market, by Source of Power, 2024-2034

13.1.1. Gasoline

13.1.1.1. Market Revenue and Forecast (2021-2034)

13.1.2. Diesel

13.1.2.1. Market Revenue and Forecast (2021-2034)

13.1.3. CNG

13.1.3.1. Market Revenue and Forecast (2021-2034)

13.1.4. Others

13.1.4.1. Market Revenue and Forecast (2021-2034)

Chapter 14. Global Zero Emission Vehicle (ZEV) Market, Regional Estimates and Trend Forecast

14.1. North America

14.1.1. Market Revenue and Forecast, by Vehicle Type (2021-2034)

14.1.2. Market Revenue and Forecast, by Application (2021-2034)

14.1.3. Market Revenue and Forecast, by Price (2021-2034)

14.1.4. Market Revenue and Forecast, by Vehicle Drive Type (2021-2034)

14.1.5. Market Revenue and Forecast, by Top Speed (2021-2034)

14.1.6. Market Revenue and Forecast, by Source of Power (2021-2034)

14.1.7. U.S.

14.1.7.1. Market Revenue and Forecast, by Vehicle Type (2021-2034)

14.1.7.2. Market Revenue and Forecast, by Application (2021-2034)

14.1.7.3. Market Revenue and Forecast, by Price (2021-2034)

14.1.7.4. Market Revenue and Forecast, by Vehicle Drive Type (2021-2034)

14.1.8. Market Revenue and Forecast, by Top Speed (2021-2034)

14.1.8.1. Market Revenue and Forecast, by Source of Power (2021-2034) 

14.1.9. Rest of North America

14.1.9.1. Market Revenue and Forecast, by Vehicle Type (2021-2034)

14.1.9.2. Market Revenue and Forecast, by Application (2021-2034)

14.1.9.3. Market Revenue and Forecast, by Price (2021-2034)

14.1.9.4. Market Revenue and Forecast, by Vehicle Drive Type (2021-2034)

14.1.10. Market Revenue and Forecast, by Top Speed (2021-2034)

14.1.11. Market Revenue and Forecast, by Source of Power (2021-2034)

14.1.11.1.

14.2. Europe

14.2.1. Market Revenue and Forecast, by Vehicle Type (2021-2034)

14.2.2. Market Revenue and Forecast, by Application (2021-2034)

14.2.3. Market Revenue and Forecast, by Price (2021-2034)

14.2.4. Market Revenue and Forecast, by Vehicle Drive Type (2021-2034) 

14.2.5. Market Revenue and Forecast, by Top Speed (2021-2034)

14.2.6. Market Revenue and Forecast, by Source of Power (2021-2034)

14.2.7.

14.2.8. UK

14.2.8.1. Market Revenue and Forecast, by Vehicle Type (2021-2034)

14.2.8.2. Market Revenue and Forecast, by Application (2021-2034)

14.2.8.3. Market Revenue and Forecast, by Price (2021-2034)

14.2.9. Market Revenue and Forecast, by Vehicle Drive Type (2021-2034) 

14.2.10. Market Revenue and Forecast, by Top Speed (2021-2034)

14.2.10.1. Market Revenue and Forecast, by Source of Power (2021-2034) 

14.2.11. Germany

14.2.11.1. Market Revenue and Forecast, by Vehicle Type (2021-2034)

14.2.11.2. Market Revenue and Forecast, by Application (2021-2034)

14.2.11.3. Market Revenue and Forecast, by Price (2021-2034)

14.2.12. Market Revenue and Forecast, by Vehicle Drive Type (2021-2034)

14.2.13. Market Revenue and Forecast, by Top Speed (2021-2034)

14.2.14. Market Revenue and Forecast, by Source of Power (2021-2034)

14.2.14.1.

14.2.15. France

14.2.15.1. Market Revenue and Forecast, by Vehicle Type (2021-2034)

14.2.15.2. Market Revenue and Forecast, by Application (2021-2034)

14.2.15.3. Market Revenue and Forecast, by Price (2021-2034)

14.2.15.4. Market Revenue and Forecast, by Vehicle Drive Type (2021-2034)

14.2.16. Market Revenue and Forecast, by Top Speed (2021-2034)

14.2.16.1. Market Revenue and Forecast, by Source of Power (2021-2034)

14.2.17. Rest of Europe

14.2.17.1. Market Revenue and Forecast, by Vehicle Type (2021-2034)

14.2.17.2. Market Revenue and Forecast, by Application (2021-2034)

14.2.17.3. Market Revenue and Forecast, by Price (2021-2034)

14.2.17.4. Market Revenue and Forecast, by Vehicle Drive Type (2021-2034)

14.2.18. Market Revenue and Forecast, by Top Speed (2021-2034)

14.2.18.1. Market Revenue and Forecast, by Source of Power (2021-2034)

14.3. APAC

14.3.1. Market Revenue and Forecast, by Vehicle Type (2021-2034)

14.3.2. Market Revenue and Forecast, by Application (2021-2034)

14.3.3. Market Revenue and Forecast, by Price (2021-2034)

14.3.4. Market Revenue and Forecast, by Vehicle Drive Type (2021-2034)

14.3.5. Market Revenue and Forecast, by Top Speed (2021-2034)

14.3.6. Market Revenue and Forecast, by Source of Power (2021-2034)

14.3.7. India

14.3.7.1. Market Revenue and Forecast, by Vehicle Type (2021-2034)

14.3.7.2. Market Revenue and Forecast, by Application (2021-2034)

14.3.7.3. Market Revenue and Forecast, by Price (2021-2034)

14.3.7.4. Market Revenue and Forecast, by Vehicle Drive Type (2021-2034)

14.3.8. Market Revenue and Forecast, by Top Speed (2021-2034)

14.3.9. Market Revenue and Forecast, by Source of Power (2021-2034)

14.3.10. China

14.3.10.1. Market Revenue and Forecast, by Vehicle Type (2021-2034)

14.3.10.2. Market Revenue and Forecast, by Application (2021-2034)

14.3.10.3. Market Revenue and Forecast, by Price (2021-2034)

14.3.10.4. Market Revenue and Forecast, by Vehicle Drive Type (2021-2034)

14.3.11. Market Revenue and Forecast, by Top Speed (2021-2034)

14.3.11.1. Market Revenue and Forecast, by Source of Power (2021-2034)

14.3.12. Japan

14.3.12.1. Market Revenue and Forecast, by Vehicle Type (2021-2034)

14.3.12.2. Market Revenue and Forecast, by Application (2021-2034)

14.3.12.3. Market Revenue and Forecast, by Price (2021-2034)

14.3.12.4. Market Revenue and Forecast, by Vehicle Drive Type (2021-2034)

14.3.12.5. Market Revenue and Forecast, by Top Speed (2021-2034)

14.3.12.6. Market Revenue and Forecast, by Source of Power (2021-2034)

14.3.13. Rest of APAC

14.3.13.1. Market Revenue and Forecast, by Vehicle Type (2021-2034)

14.3.13.2. Market Revenue and Forecast, by Application (2021-2034)

14.3.13.3. Market Revenue and Forecast, by Price (2021-2034)

14.3.13.4. Market Revenue and Forecast, by Vehicle Drive Type (2021-2034)

14.3.13.5. Market Revenue and Forecast, by Top Speed (2021-2034)

14.3.13.6. Market Revenue and Forecast, by Source of Power (2021-2034)

14.4. MEA

14.4.1. Market Revenue and Forecast, by Vehicle Type (2021-2034)

14.4.2. Market Revenue and Forecast, by Application (2021-2034)

14.4.3. Market Revenue and Forecast, by Price (2021-2034)

14.4.4. Market Revenue and Forecast, by Vehicle Drive Type (2021-2034)

14.4.5. Market Revenue and Forecast, by Top Speed (2021-2034)

14.4.6. Market Revenue and Forecast, by Source of Power (2021-2034)

14.4.7. GCC

14.4.7.1. Market Revenue and Forecast, by Vehicle Type (2021-2034)

14.4.7.2. Market Revenue and Forecast, by Application (2021-2034)

14.4.7.3. Market Revenue and Forecast, by Price (2021-2034)

14.4.7.4. Market Revenue and Forecast, by Vehicle Drive Type (2021-2034)

14.4.8. Market Revenue and Forecast, by Top Speed (2021-2034)

14.4.9. Market Revenue and Forecast, by Source of Power (2021-2034)

14.4.10. North Africa

14.4.10.1. Market Revenue and Forecast, by Vehicle Type (2021-2034)

14.4.10.2. Market Revenue and Forecast, by Application (2021-2034)

14.4.10.3. Market Revenue and Forecast, by Price (2021-2034)

14.4.10.4. Market Revenue and Forecast, by Vehicle Drive Type (2021-2034)

14.4.11. Market Revenue and Forecast, by Top Speed (2021-2034)

14.4.12. Market Revenue and Forecast, by Source of Power (2021-2034)

14.4.13. South Africa

14.4.13.1. Market Revenue and Forecast, by Vehicle Type (2021-2034)

14.4.13.2. Market Revenue and Forecast, by Application (2021-2034)

14.4.13.3. Market Revenue and Forecast, by Price (2021-2034)

14.4.13.4. Market Revenue and Forecast, by Vehicle Drive Type (2021-2034)

14.4.13.5. Market Revenue and Forecast, by Top Speed (2021-2034)

14.4.13.6. Market Revenue and Forecast, by Source of Power (2021-2034)

14.4.14. Rest of MEA

14.4.14.1. Market Revenue and Forecast, by Vehicle Type (2021-2034)

14.4.14.2. Market Revenue and Forecast, by Application (2021-2034)

14.4.14.3. Market Revenue and Forecast, by Price (2021-2034)

14.4.14.4. Market Revenue and Forecast, by Vehicle Drive Type (2021-2034)

14.4.14.5. Market Revenue and Forecast, by Top Speed (2021-2034)

14.4.14.6. Market Revenue and Forecast, by Source of Power (2021-2034)

14.5. Latin America

14.5.1. Market Revenue and Forecast, by Vehicle Type (2021-2034)

14.5.2. Market Revenue and Forecast, by Application (2021-2034)

14.5.3. Market Revenue and Forecast, by Price (2021-2034)

14.5.4. Market Revenue and Forecast, by Vehicle Drive Type (2021-2034)

14.5.5. Market Revenue and Forecast, by Top Speed (2021-2034)

14.5.6. Market Revenue and Forecast, by Source of Power (2021-2034)

14.5.7. Brazil

14.5.7.1. Market Revenue and Forecast, by Vehicle Type (2021-2034)

14.5.7.2. Market Revenue and Forecast, by Application (2021-2034)

14.5.7.3. Market Revenue and Forecast, by Price (2021-2034)

14.5.7.4. Market Revenue and Forecast, by Vehicle Drive Type (2021-2034)

14.5.8. Market Revenue and Forecast, by Top Speed (2021-2034)

14.5.8.1. Market Revenue and Forecast, by Source of Power (2021-2034)

14.5.9. Rest of LATAM

14.5.9.1. Market Revenue and Forecast, by Vehicle Type (2021-2034)

14.5.9.2. Market Revenue and Forecast, by Application (2021-2034)

14.5.9.3. Market Revenue and Forecast, by Price (2021-2034)

14.5.9.4. Market Revenue and Forecast, by Vehicle Drive Type (2021-2034)

14.5.9.5. Market Revenue and Forecast, by Top Speed (2021-2034)

14.5.9.6. Market Revenue and Forecast, by Source of Power (2021-2034)

Chapter 15. Company Profiles

15.1. Fiat

15.1.1. Company Overview

15.1.2. Product Offerings

15.1.3. Financial Performance

15.1.4. Recent Initiatives

15.2. Hyundai

15.2.1. Company Overview

15.2.2. Product Offerings

15.2.3. Financial Performance

15.2.4. Recent Initiatives

15.3. BMW

15.3.1. Company Overview

15.3.2. Product Offerings

15.3.3. Financial Performance

15.3.4. Recent Initiatives

15.4. Kia

15.4.1. Company Overview

15.4.2. Product Offerings

15.4.3. Financial Performance

15.4.4. Recent Initiatives

15.5. Chevrolet

15.5.1. Company Overview

15.5.2. Product Offerings

15.5.3. Financial Performance

15.5.4. Recent Initiatives

15.6. Toyota

15.6.1. Company Overview

15.6.2. Product Offerings

15.6.3. Financial Performance

15.6.4. Recent Initiatives

15.7. BYD

15.7.1. Company Overview

15.7.2. Product Offerings

15.7.3. Financial Performance

15.7.4. Recent Initiatives

15.8. Tesla

15.8.1. Company Overview

15.8.2. Product Offerings

15.8.3. Financial Performance

15.8.4. Recent Initiatives

15.9. Nissan

15.9.1. Company Overview

15.9.2. Product Offerings

15.9.3. Financial Performance

15.9.4. Recent Initiatives

15.10. Volkswagen

15.10.1. Company Overview

15.10.2. Product Offerings

15.10.3. Financial Performance

15.10.4. Recent Initiatives

Chapter 16. Research Methodology

16.1. Primary Research

16.2. Secondary Research

16.3. Assumptions

Chapter 17. Appendix

17.1. About Us

17.2. Glossary of Terms

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