Future of EV Manufacturing – Global Forecast To 2035
세계 EV 제조 생태계의 OEM 전략, 자동화 및 AI 통합의 발전, 순환 경제 원칙에 대한 전략적 통찰 – 2035년까지의 세계 예측
Strategic Insights Into The Global EV Manufacturing Ecosystem OEM Strategies, Advancements in Automation and AI Integration, and Circular Economy Principles – Global Forecast To 2035
| 조사회사 | MarketsandMarkets |
| 출판년월 | 2024년11월 |
| 페이지 수 | 125 |
| 도표 수 | 109 |
| 라이센스 | Single User License |
| 가격 | USD 4,950 |
| 구성 | 영문조사보고서 |
Report Overview
The Electric Vehicle market size is projected to grow from 15,707 thousand units in 2024 to 46,315 thousand units by 2035, at a CAGR of 10.3%.
전기 자동차 시장 규모는 2024년 15,707천대에서 2035년까지 46,315천대에 10.3%의 CAGR로 성장할 것으로 예상됩니다.
The future of EV manufacturers will be shaped by a shift to modular and scalable assembly platforms that enable faster production and customization. Tesla is developing an electric car platform called “NV9X” for their next-generation vehicle, codenamed “Redwood,” which will use this architecture internally. Further, Automation and artificial intelligence-driven manufacturing processes will dominate, increasing efficiency and reducing costs. Manufacturers will increasingly integrate circular economy practices, emphasizing battery recycling and sustainable materials. Collaboration with battery manufacturers will be key, especially for the advancement of solid-state and sodium-ion batteries. In addition, EV manufacturers will focus on affordable models to achieve mass adoption, alongside premium offerings with advanced connectivity and autonomous driving capabilities.
EV 제조업체의 미래는 더 빠른 생산과 맞춤화를 가능하게 하는 모듈식 및 확장 가능한 조립 플랫폼으로의 전환을 통해 형성될 것입니다. Tesla는 이 아키텍처를 내부적으로 사용할 차세대 차량인 코드명 “Redwood”를 위해 “NV9X”라는 전기 자동차 플랫폼을 개발하고 있습니다. 또한 자동화 및 인공 지능 기반 제조 프로세스가 지배적으로 발전하여 효율성을 높이고 비용을 절감할 것입니다. 제조업체는 점점 더 순환 경제 관행을 통합할 것입니다. 배터리 재활용과 지속 가능한 소재를 강조합니다. 특히 전고체 및 나트륨이온 배터리의 발전을 위해서는 배터리 제조업체와의 협력이 핵심이 될 것입니다. 또한 EV 제조업체는 고급 연결성과 자율 주행 기능을 갖춘 프리미엄 제품과 함께 대량 채택을 달성하기 위해 저렴한 모델에 중점을 둘 것입니다.
“Passenger cars segment is estimated to hold the largest market share during the forecast period.”
The passenger car segment dominates market share in China thanks to a combination of government incentives, strict emissions regulations and growing consumer preference for electric vehicles. The Chinese government has heavily subsidized EV adoption through tax exemptions, purchase incentives and infrastructure investment, making EVs more affordable. Further, rising awareness of environmental issues and advances in battery technology have made electric vehicle increasingly attractive to consumers. To capitalize on this trend, Chinese OEMs such as BYD, NIO, Geely and SAIC are ramping up EV production with ambitious initiatives. These include developing advanced battery technologies such as solid-state and lithium iron phosphate (LFP) batteries, expanding global footprints and investing in smart manufacturing facilities. Companies are also looking to integrate software such as autonomous driving and connected car technology to differentiate themselves in the competitive electric vehicle market. Additionally, partnerships with global and domestic suppliers to secure raw materials such as lithium and cobalt underline their commitment to a sustainable supply chain. Looking ahead, Chinese OEMs are striving to lead the global EV market by introducing innovative models, expanding production capacity, and meeting the growing demand for affordable and premium EVs at domestically and internationally.
“Development in EV platformization and platform sharing boosting the EV manufacturing process”
Platformization and platform sharing have emerged as important techniques for electric vehicle manufacturers to acquire scalability, cost performance, and faster time-to-market. By developing modular and bendy EV architectures, inclusive of Volkswagen’s MEB platform, Hyundai’s E-GMP, and Renault’s CMF-EV, automakers can standardize components throughout multiple models and brands, decreasing production complexity and achieving economies of scale. Hyundai and Kia’s internal platform-sharing strategy maximizes economies of scale across segments, from mainstream to luxury vehicles. The Electric Global Modular Platform (E-GMP) underpins models like Hyundai Ioniq 5/6/7, Kia EV6, and Genesis GV60. Further, These systems assist various automobile types, together with sedans, SUVs, and even business vehicles, enabling producers to cater to diverse market segments with minimum layout modifications. In May 2024, SAIC Motor and Audi officially signed a cooperation agreement to jointly expand the Advanced Digitized Platform, following a memorandum of information signed in July 2023. This trend not only lowers production costs but also facilitates advancements in battery technology, software integration, and autonomous driving systems, as shared platforms provide a consistent foundation for implementing new features across a wider vehicle lineup. As an end result, platform sharing is poised to accelerate the transition to electrification at the same time as improving profitability and sustainability for producers globally.
“Europe is anticipated to be one of the fastest markets over the forecast period.”
Europe is poised to be one of the fastest-growing market for electric vehicle manufacturing, driven by ambitious climate policies, significant government incentives, and stringent emissions regulations. European OEMs are ramping up their EV production capacities, with major initiatives focused on achieving carbon neutrality and meeting surging demand. Volkswagen is leading the charge with its “Accelerate” strategy, targeting 80% EV sales in Europe by 2030 and investing heavily in battery gigafactories under its PowerCo division. BMW is committed to making at least 50% of its sales electric by 2030, with its “Neue Klasse” platform set to underpin its next-generation EVs. Mercedes-Benz is transitioning to an all-electric future by 2030 in markets where conditions allow, supported by its electrified production facilities and partnerships for battery development. Meanwhile, smaller OEMs like Polestar and Fisker are introducing cutting-edge EV models to meet niche demands. The region also benefits from a robust ecosystem of battery supply chains, supported by initiatives like the European Battery Alliance, and investments in renewable energy integration for sustainable EV manufacturing.
- By Company Type: Tier 1 – 60%, OEM – 40%.
- By Designation: C Level – 40%, D Level – 35%, and Others – 25%
- By Region: North America – 20%, Europe – 30%, Asia Pacific (excl. China) – 35%, and China– 15%
Research Coverage:
Future of EV manufacturing market is segmented by vehicle type (Passenger Cars and Commercial Vehicles) and region (China, Asia Pacific (excl. China), Europe, and North America). The market study includes future strategies by OEMs, EV Ecosystem, Current and Future Trends in EV manufacturing and Regulatory Framework.
Reasons to buy this report:
The report will provide market leaders and new entrants with information on the closest approximations of the sales numbers for the EV market and its subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
The report provides insights on the following pointers:
- Technology Analysis: Insights on current and upcoming technologies, future investments, and critical OEMs and supplier strategies. Covered major electric components, technological trends such as the platform sharing, and market players providing these.
- Market Landscape by vehicle type (Passenger Cars and Commercial Vehicles), by region (China, Asia Pacific (excl. China), Europe, and North America).
- Supplier Analysis: The report analyzes market players, growth strategies, and product offerings of leading players. It also helps stakeholders understand the strategy of the EV manufacturers and provides information on their recent developments and investments in the market. OEM-wise decarbonization targets are also covered.
Table of Contents
1 INTRODUCTION 13
1.1 MARKET DEFINITION 13
1.2 STUDY SCOPE 14
1.2.1 MARKET SEGMENTATION 14
1.2.2 INCLUSIONS AND EXCLUSIONS 14
1.3 RESEARCH METHODOLOGY 14
1.4 RESEARCH DATA 15
1.4.1 SECONDARY DATA 15
1.4.1.1 Secondary sources 15
1.4.2 PRIMARY DATA 16
1.4.3 RESEARCH LIMITATIONS 17
2 EXECUTIVE SUMMARY 18
2.1 ELECTRIC VEHICLE PLATFORMIZATION 18
2.2 CIRCULAR ECONOMY STRATEGIES 18
2.3 ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE 19
2.4 ELECTRIC VEHICLE MARKET, BY REGION 19
2.5 CONCLUSION 20
3 ELECTRIC VEHICLE MARKET LANDSCAPE 21
3.1 INTRODUCTION 21
3.2 ELECTRIC VEHICLE SALES, BY REGION 21
3.3 ELECTRIC VEHICLE SALES, BY VEHICLE TYPE 25
3.3.1 PASSENGER CARS 27
3.3.1.1 Availability of subsidies and tax rebates to drive growth 27
3.3.2 COMMERCIAL VEHICLES 29
3.3.2.1 Rising demand for efficient long-haul transportation to drive market 29
3.4 SALES FORECAST FOR ICE AND ELECTRIC MOBILITY 31
3.4.1 CHINA 31
3.4.2 ASIA PACIFIC (EXCLUDING CHINA) 32
3.4.3 EUROPE 32
3.4.4 NORTH AMERICA 33
3.5 GOVERNMENT REGULATIONS 34
3.6 GOVERNMENT INCENTIVES AND SUBSIDIES 35
3.7 KEY POLICIES AND DEVELOPMENT TARGETS FOR ZERO-EMISSION VEHICLES 36
3.8 KEY INVESTMENT AND DEVELOPMENT TARGETS FOR ZERO-EMISSION VEHICLES 38
3.9 IN-HOUSE PRODUCTION VS. OUTSOURCING, BY OEMS 39
3.10 ELECTRIC VEHICLE BATTERY MANUFACTURING CAPACITY 40
3.10.1 ELECTRIC VEHICLE BATTERY MANUFACTURING CAPACITY, BY COUNTRY, 2021–2025 40
3.10.2 ELECTRIC VEHICLE BATTERY MANUFACTURING CAPACITY OF
KEY PLAYERS, 2030 40
4 CURRENT AND FUTURE TRENDS IN ELECTRIC VEHICLE MANUFACTURING 41
4.1 INTRODUCTION 41
4.2 DESIGN 41
4.3 PROTOTYPING 43
4.4 MANUFACTURING OF KEY COMPONENTS 46
4.4.1 BATTERY 46
4.4.2 MOTOR 48
4.4.3 BATTERY MANAGEMENT SYSTEM 50
4.5 ASSEMBLY 51
4.6 KEY DEVELOPMENTS IN GIGAFACTORIES 55
4.6.1 UPCOMING GIGAFACTORIES BY KEY OEMS 55
4.6.1.1 Tesla 55
4.6.1.2 BYD 56
4.6.1.3 CATL 56
4.6.2 UPCOMING GIGAFACTORIES, BY REGION 56
4.6.2.1 Europe 56
4.6.2.1.1 Upcoming gigafactories in Europe, 2027 56
4.6.2.2 North America 57
4.6.2.2.1 Upcoming gigafactories in North America, 2027 57
4.6.2.3 Asia Pacific 58
4.6.2.3.1 Upcoming gigafactories in Asia Pacific, 2027 58
4.7 KEY DEVELOPMENTS IN GIGA CASTING 59
4.7.1 INTRODUCTION 59
4.7.2 LIST OF GIGA CASTING ADOPTION PLANS BY KEY AUTOMAKERS 59
5 COMPANY PROFILES 63
5.1 TESLA 63
5.1.1 COMPANY OVERVIEW 63
5.1.2 CIRCULAR ECONOMY STRATEGY 64
5.1.2.1 Recycled materials/components 64
5.1.3 FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 64
5.1.3.1 Role of AI 65
5.1.3.2 Digitization/Smart manufacturing factory 65
5.1.4 PLATFORMIZATION 65
5.2 BYD AUTO CO., LTD 67
5.2.1 COMPANY OVERVIEW 67
5.2.2 CIRCULAR ECONOMY STRATEGY 67
5.2.2.1 Recycled materials/components 67
5.2.3 FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 68
5.2.3.1 Role of AI 68
5.2.3.2 Digitization/Smart manufacturing factory 69
5.2.4 PLATFORMIZATION 69
5.3 VOLKSWAGEN AG 71
5.3.1 COMPANY OVERVIEW 71
5.3.2 CIRCULAR ECONOMY STRATEGY 71
5.3.2.1 Recycled materials/components 71
5.3.3 FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 72
5.3.3.1 Role of AI 72
5.3.3.2 Digitization/Smart manufacturing factory 72
5.3.4 PLATFORMIZATION 73
5.4 ZHEJIANG GEELY HOLDING GROUP 75
5.4.1 COMPANY OVERVIEW 75
5.4.2 CIRCULAR ECONOMY STRATEGY 75
5.4.2.1 Recycled materials/components 76
5.4.3 FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 76
5.4.3.1 Role of AI 77
5.4.3.2 Digitization/Smart manufacturing factory 77
5.4.4 PLATFORMIZATION 77
5.5 SAIC MOTOR 78
5.5.1 COMPANY OVERVIEW 78
5.5.2 CIRCULAR ECONOMY STRATEGY 78
5.5.2.1 Recycled materials/components 78
5.5.3 FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 79
5.5.3.1 Role of AI 79
5.5.3.2 Digitization/Smart manufacturing factory 80
5.5.4 PLATFORMIZATION 80
5.6 STELLANTIS NV 81
5.6.1 COMPANY OVERVIEW 81
5.6.2 CIRCULAR ECONOMY STRATEGY 81
5.6.2.1 Recycled materials/components 82
5.6.3 FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 83
5.6.3.1 Role of AI 83
5.6.3.2 Digitization/Smart manufacturing factory 84
5.6.4 PLATFORMIZATION 84
5.7 BMW GROUP 86
5.7.1 COMPANY OVERVIEW 86
5.7.2 CIRCULAR ECONOMY STRATEGY 86
5.7.2.1 Recycled materials/components 87
5.7.3 FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 87
5.7.3.1 Role of AI 88
5.7.3.2 Digitization/Smart manufacturing factory 88
5.7.4 PLATFORMIZATION 88
5.8 HYUNDAI GROUP 90
5.8.1 COMPANY OVERVIEW 90
5.8.2 CIRCULAR ECONOMY STRATEGY 90
5.8.2.1 Recycled materials/components 91
5.8.3 FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 91
5.8.3.1 Role of AI 92
5.8.3.2 Digitization/Smart manufacturing factory 92
5.8.4 PLATFORMIZATION 92
5.9 FORD MOTOR COMPANY 94
5.9.1 COMPANY OVERVIEW 94
5.9.2 CIRCULAR ECONOMY STRATEGY 94
5.9.2.1 Recycled materials/components 94
5.9.3 FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 95
5.9.3.1 Role of AI 95
5.9.3.2 Digitization/Smart manufacturing factory 95
5.9.4 PLATFORMIZATION 96
5.10 GENERAL MOTORS 98
5.10.1 COMPANY OVERVIEW 98
5.10.2 CIRCULAR ECONOMY STRATEGY 98
5.10.2.1 Recycled materials/components 98
5.10.3 FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 99
5.10.3.1 Role of AI 99
5.10.3.2 Digitization/Smart manufacturing factory 99
5.10.4 PLATFORMIZATION 100
5.11 RENAULT GROUP 102
5.11.1 COMPANY OVERVIEW 102
5.11.2 CIRCULAR ECONOMY STRATEGY 102
5.11.2.1 Recycled materials/components 103
5.11.3 FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 103
5.11.3.1 Role of AI 103
5.11.3.2 Digitization/Smart manufacturing factory 103
5.11.4 PLATFORMIZATION 104
5.12 TATA MOTORS LIMITED 106
5.12.1 COMPANY OVERVIEW 106
5.12.2 CIRCULAR ECONOMY STRATEGY 106
5.12.2.1 Recycled materials/components 107
5.12.3 FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 108
5.12.3.1 Role of AI 108
5.12.3.2 Digitization/Smart manufacturing factory 108
5.12.4 PLATFORMIZATION 109
5.13 MAHINDRA & MAHINDRA LTD. 110
5.13.1 COMPANY OVERVIEW 110
5.13.2 CIRCULAR ECONOMY STRATEGY 110
5.13.2.1 Recycled materials/components 110
5.13.3 FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 111
5.13.3.1 Digitization/Smart manufacturing factory 111
5.13.4 PLATFORMIZATION 111
5.14 TOYOTA MOTOR CORPORATION 112
5.14.1 COMPANY OVERVIEW 112
5.14.2 CIRCULAR ECONOMY STRATEGY 113
5.14.2.1 Recycled materials/components 113
5.14.3 FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 113
5.14.3.1 Role of AI 114
5.14.3.2 Digitization/Smart manufacturing factory 114
5.14.4 PLATFORMIZATION 114
6 KEY TAKEAWAYS AND RECOMMENDATIONS 116
6.1 KEY TAKEAWAYS 116
6.2 ADVANCEMENTS IN ELECTRIC VEHICLE MANUFACTURING 116
6.3 DEVELOPMENT OF SMART MANUFACTURING FACILITIES 116
6.4 SHIFT TOWARD CIRCULAR ECONOMY 116
6.5 CHINA’S DOMINANCE IN GLOBAL ELECTRIC VEHICLE MARKET 117
7 APPENDIX 118
7.1 KEY INSIGHTS FROM INDUSTRY EXPERTS 118
7.2 DISCUSSION GUIDE 119
7.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 121
7.4 CUSTOMIZATION OPTIONS 123
7.4.1 ADDITIONAL COMPANY PROFILES (UP TO 5) 123
7.4.2 COUNTRY-LEVEL ELECTRIC VEHICLE MARKET, BY PROPULSION (FOR COUNTRIES COVERED IN THE REPORT) 123
7.4.3 COUNTRY-LEVEL ELECTRIC VEHICLE MARKET, BY BATTERY TYPE (FOR COUNTRIES COVERED IN THE REPORT) 123
7.5 RELATED REPORTS 123
7.6 AUTHOR DETAILS 124
LIST OF TABLES
TABLE 1 MARKET DEFINITION, BY PROCESS 13
TABLE 2 ANNUAL COST COMPARISON: ICE VEHICLE VS. ELECTRIC VEHICLE MODELS 22
TABLE 3 ELECTRIC VEHICLE MARKET, BY REGION, 2024–2030 (THOUSAND UNITS) 25
TABLE 4 ELECTRIC VEHICLE MARKET, BY REGION, 2031–2035 (THOUSAND UNITS) 25
TABLE 5 ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS) 26
TABLE 6 ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2031–2035 (THOUSAND UNITS) 26
TABLE 7 UPCOMING ELECTRIC PASSENGER CAR MODELS, 2025–2027 27
TABLE 8 ELECTRIC PASSENGER CARS MARKET, BY REGION,
2024–2030 (THOUSAND UNITS) 28
TABLE 9 ELECTRIC PASSENGER CARS MARKET, BY REGION,
2031–2035 (THOUSAND UNITS) 28
TABLE 10 UPCOMING ELECTRIC COMMERCIAL VEHICLE MODELS, 2025–2026 30
TABLE 11 ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION,
2024–2030 (THOUSAND UNITS) 30
TABLE 12 ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION,
2031–2035 (THOUSAND UNITS) 30
TABLE 13 GOVERNMENT REGULATIONS ON ELECTRIC VEHICLE MANUFACTURING,
BY KEY COUNTRY 34
TABLE 14 GOVERNMENT INCENTIVES AND SUBSIDIES BY KEY COUNTRIES 35
TABLE 15 KEY POLICIES AND PRODUCTION TARGETS FOR ZERO-EMISSION VEHICLES
BY KEY COUNTRIES 36
TABLE 16 INVESTMENT AND DEVELOPMENT TARGETS FOR ZERO-EMISSION VEHICLES
BY KEY OEMS 38
TABLE 17 IN-HOUSE AND OUTSOURCING STRATEGIES ADOPTED BY OEMS ACROSS FUNCTIONS 39
TABLE 18 CURRENT AND FUTURE TRENDS IN ELECTRIC VEHICLE DESIGNING 42
TABLE 19 BENEFITS OF DIGITAL TWINS IN ELECTRIC VEHICLE POWERTRAIN DESIGN 43
TABLE 20 CURRENT AND FUTURE TRENDS IN ELECTRIC VEHICLE PROTOTYPING 44
TABLE 21 BENEFITS OF ELECTRIC VEHICLE PROTOTYPING 45
TABLE 22 CURRENT AND FUTURE TRENDS IN BATTERY MANUFACTURING 46
TABLE 23 CURRENT AND FUTURE TRENDS IN ELECTRIC VEHICLE MOTOR MANUFACTURING 49
TABLE 24 CURRENT AND FUTURE TRENDS IN ELECTRIC VEHICLE ASSEMBLY 52
TABLE 25 ELECTRIC VEHICLE ASSEMBLY TRENDS AND STRATEGIES ADOPTED BY OEMS 54
TABLE 26 TESLA: UPCOMING GIGAFACTORIES 55
TABLE 27 BYD: UPCOMING GIGAFACTORIES 56
TABLE 28 CATL: UPCOMING GIGAFACTORIES 56
TABLE 29 UPCOMING GIGAFACTORIES IN EUROPE 56
TABLE 30 UPCOMING GIGAFACTORIES IN NORTH AMERICA 57
TABLE 31 UPCOMING GIGAFACTORIES IN ASIA PACIFIC 58
TABLE 32 LIST OF GIGA CAST ADOPTION PLANS BY KEY AUTOMAKERS 60
TABLE 33 TESLA: COMPANY OVERVIEW 63
TABLE 34 TESLA: FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 64
TABLE 35 TESLA: PLATFORMS USED IN ELECTRIC VEHICLE MODELS 66
TABLE 36 BYD AUTO CO., LTD: COMPANY OVERVIEW 67
TABLE 37 BYD AUTO CO., LTD: FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 68
TABLE 38 BYD AUTO CO., LTD: FUTURE PLATFORMS FOR ELECTRIC VEHICLE MODELS 70
TABLE 39 VOLKSWAGEN AG: COMPANY OVERVIEW 71
TABLE 40 VOLKSWAGEN AG: FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 72
TABLE 41 VOLKSWAGEN AG: FUTURE PLATFORMS FOR ELECTRIC VEHICLE MODELS 74
TABLE 42 ZHEJIANG GEELY HOLDING GROUP: COMPANY OVERVIEW 75
TABLE 43 ZHEJIANG GEELY HOLDING GROUP: FUTURE PLANS FOR ELECTRIC
VEHICLE PRODUCTION 76
TABLE 44 ZHEJIANG GEELY HOLDING GROUP: PLATFORMS USED IN ELECTRIC
VEHICLE MODELS 77
TABLE 45 SAIC MOTOR: COMPANY OVERVIEW 78
TABLE 46 SAIC MOTOR: FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 79
TABLE 47 SAIC MOTOR: PLATFORMS USED IN ELECTRIC VEHICLE MODELS 80
TABLE 48 STELLANTIS NV: COMPANY OVERVIEW 81
TABLE 49 STELLANTIS NV: FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 83
TABLE 50 STELLANTIS NV: PLATFORMS USED IN ELECTRIC VEHICLE MODELS 85
TABLE 51 BMW GROUP: COMPANY OVERVIEW 86
TABLE 52 BMW GROUP: RESOURCE EFFICIENCY 86
TABLE 53 BMW GROUP: FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 87
TABLE 54 BMW GROUP: PLATFORMS USED IN ELECTRIC VEHICLE MODELS 89
TABLE 55 BMW GROUP: CURRENT AND UPCOMING MODELS, BY ELECTRIC VEHICLE PLATFORMS 89
TABLE 56 HYUNDAI GROUP: COMPANY OVERVIEW 90
TABLE 57 HYUNDAI GROUP: FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 91
TABLE 58 HYUNDAI GROUP: PLATFORMS USED IN ELECTRIC VEHICLE MODELS 93
TABLE 59 HYUNDAI GROUP: CURRENT AND UPCOMING MODELS, BY EV PLATFORMS 93
TABLE 60 FORD MOTOR COMPANY: COMPANY OVERVIEW 94
TABLE 61 FORD MOTOR COMPANY: FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 95
TABLE 62 FORD MOTOR COMPANY: PLATFORMS USED IN ELECTRIC VEHICLE MODELS 96
TABLE 63 FORD MOTOR COMPANY: CURRENT AND UPCOMING MODELS, BY EV PLATFORMS 97
TABLE 64 GENERAL MOTORS: COMPANY OVERVIEW 98
TABLE 65 GENERAL MOTORS: FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 99
TABLE 66 GENERAL MOTORS: PLATFORMS USED IN ELECTRIC VEHICLE MODELS 100
TABLE 67 GENERAL MOTORS: CURRENT AND UPCOMING MODELS, BY EV PLATFORMS 101
TABLE 68 RENAULT GROUP: COMPANY OVERVIEW 102
TABLE 69 RENAULT GROUP: FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 103
TABLE 70 RENAULT GROUP: PLATFORMS USED IN ELECTRIC VEHICLE MODELS 104
TABLE 71 RENAULT GROUP: CURRENT AND UPCOMING MODELS, BY ELECTRIC
VEHICLE PLATFORMS 105
TABLE 72 TATA MOTORS LIMITED: COMPANY OVERVIEW 106
TABLE 73 TATA MOTORS LIMITED: FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 108
TABLE 74 MAHINDRA & MAHINDRA LTD.: COMPANY OVERVIEW 110
TABLE 75 MAHINDRA & MAHINDRA LTD.: FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 111
TABLE 76 MAHINDRA & MAHINDRA LTD.: PLATFORMIZATION DEVELOPMENTS 111
TABLE 77 TOYOTA MOTOR CORPORATION: COMPANY OVERVIEW 112
TABLE 78 TOYOTA MOTOR CORPORATION: NEXT-GENERATION BEV BATTERY DEVELOPMENT 112
TABLE 79 TOYOTA MOTOR CORPORATION: FUTURE PLANS FOR ELECTRIC VEHICLE PRODUCTION 113
TABLE 80 TOYOTA MOTOR CORPORATION: PLATFORMS USED IN ELECTRIC VEHICLE MODELS 114
TABLE 81 TOYOTA MOTOR CORPORATION: CURRENT AND UPCOMING MODELS,
BY EV PLATFORMS 115
LIST OF FIGURES
FIGURE 1 RESEARCH METHODOLOGY MODEL 15
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS 16
FIGURE 3 ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE 19
FIGURE 4 ELECTRIC VEHICLE MARKET, BY REGION 19
FIGURE 5 US: BREAKDOWN OF TOTAL COST OF OWNERSHIP FOR KEY ELECTRIC VEHICLE MODELS 22
FIGURE 6 BILL OF MATERIALS FOR ICE AND ELECTRIC VEHICLES,
2024 VS. 2030 (USD THOUSAND) 23
FIGURE 7 ELECTRIFICATION AND SALES TARGETS BY KEY OEMS 24
FIGURE 8 ELECTRIC VEHICLE MARKET, BY REGION, 2024 VS. 2035 (THOUSAND UNITS) 24
FIGURE 9 ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE,
2024 VS. 2035 (THOUSAND UNITS) 26
FIGURE 10 CHINA: ICE AND ELECTRIC VEHICLE SALES, 2024–2035 (MILLION UNITS) 31
FIGURE 11 ASIA PACIFIC (EXCLUDING CHINA): ICE VS. ELECTRIC VEHICLE SALES,
2024–2035 (MILLION UNITS) 32
FIGURE 12 EUROPE: ICE VS. ELECTRIC VEHICLE SALES, 2024–2035 (MILLION UNITS) 32
FIGURE 13 NORTH AMERICA: ICE VS. ELECTRIC VEHICLE SALES, 2024–2035 (MILLION UNITS) 33
FIGURE 14 ELECTRIC VEHICLE BATTERY MANUFACTURING CAPACITY, BY COUNTRY,
2021–2025 40
FIGURE 15 ELECTRIC VEHICLE BATTERY MANUFACTURING CAPACITY OF KEY PLAYERS, 2030 40
FIGURE 16 USE OF MODULAR BODY CONSTRUCTION FOR ELECTRIC VEHICLES 41
FIGURE 17 BATTERY TECHNOLOGY ROADMAP, 2022–2035 48
FIGURE 18 TECHNOLOGY TRENDS FOR E-MOTORS, 2022–2035 50
FIGURE 19 ARCHITECTURES OF WIRED AND WIRELESS BMS 51
FIGURE 20 ELECTRIC VEHICLE ASSEMBLY PROCESS 52
FIGURE 21 TESLA: MANUFACTURING LOCATION 63
FIGURE 22 BYD E4 PLATFORM 69
FIGURE 23 VOLKSWAGEN SCALABLE SYSTEM PLATFORM 73
FIGURE 24 STELLANTIS NV: CIRCULAR ECONOMY MODEL 82
FIGURE 25 STELLANTIS: TECHNOLOGICAL PLATFORM 84
FIGURE 26 BMW GROUP: AVERAGE DISTRIBUTION OF MATERIALS 87
FIGURE 27 TATA MOTORS LIMITED: CIRCULAR ECONOMY FOCUS AREA 107
FIGURE 28 TOYOTA MOTOR CORPORATION: CIRCULAR ECONOMY STRATEGY 113
