The Europe Light Electric Vehicles Market would witness market growth of 8.1% CAGR during the forecast period (2022-2028).
The hybrid electric vehicle (HEV) blends a conventional internal combustion engine (ICE) system with an electric propulsion system (hybrid vehicle drivetrain). The inclusion of an electric powertrain is designed to provide either improved fuel economy or enhanced performance compared to a conventional vehicle. There are various HEV varieties, and the extent to which each operates as an electric vehicle (EV) varies.
The hybrid electric automobile is the most prevalent HEV, however hybrid electric trucks (pickups and tractors), buses, boats, and aircraft also exist. Modern HEVs include efficiency-enhancing technology such as regenerative brakes that transform the vehicle's kinetic energy into electric energy, which is then stored in a battery or supercapacitor. This configuration is known as a motor–generator. This is known as a start-stop system.
Many HEVs cut pollutants by shutting down the engine at idle and restarting it when necessary. Because the hybrid's gasoline engine is often smaller than that of a gasoline-powered vehicle of comparable size, hybrid-electric vehicles emit less pollution from their tailpipes. If the engine is not utilized to directly propel the vehicle, it can be geared for maximum efficiency, further enhancing fuel efficiency.
Europe is one of the largest vehicle producers in the world. The company's automotive industry is one of Netherlands's leading industries. According to the International Trade Government, turnover in 2019 was roughly €106 billion, or $119 billion, representing 6.2% of Netherlands's GDP and 11% of the country's manufacturing turnover. The move from thermal engines to electromobility (hybrid and electric) is transforming the business, which may create opportunities for makers of automobile components, charging infrastructure, and diagnostic instruments.
The Germany market dominated the Europe Light Electric Vehicles Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $7,617 million by 2028. The UK market is anticipated to grow at a CAGR of 7.2% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 9.1% during (2022 - 2028).
Based on Vehicle Category, the market is segmented into 2-wheelers, 3-wheelers, and 4-wheelers. Based on Vehicle Type, the market is segmented into e-scooter, e-ATV/UTV, Neighborhood Electric Vehicle, e-bike & Motorcycle, e-lawn Mower, Autonomous Forklifts, Delivery Robots & Electric Industrial Vehicle, and Others. Based on Component Type, the market is segmented into Battery Pack, Electric Motor, Motor Controller & Power Controller, Inverters, and e-brake Booster & Power Electronics. Based on Application, the market is segmented into Personal Mobility, Shared Mobility, Recreation & Sports, and Commercial. Based on Power Output, the market is segmented into Less than 6 kW, 6-9 kW, and 9-15 kW. Based on countries, the market is segmented into Germany, UK, France, Russia, Norway, Netherlands, and Rest of Europe.
Free Valuable Insights: The Global Light Electric Vehicles Market will Hit $130.4 Billion by 2028, at a CAGR of 8.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Tesla, Inc., BMW Group, Columbia Vehicle Group Inc. (Nordic Group of Companies, Ltd.), Godrej Group (Godrej Material Handling), Kion Group, Yamaha Motor Co., Ltd., Textron, Inc., Polaris, Inc., BYD Company Ltd., and Toyota Industries Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Vehicle Category
- 2-wheelers
- 3-wheelers
- 4-wheelers
By Vehicle Type
- e-scooter
- e-ATV/UTV
- Neighborhood Electric Vehicle
- e-bike & Motorcycle
- e-lawn Mower
- Autonomous Forklifts, Delivery Robots & Electric Industrial Vehicle
- Others
By Component Type
- Battery Pack
- Electric Motor
- Motor Controller & Power Controller
- Inverters
- e-brake Booster & Power Electronics
By Application
- Personal Mobility
- Shared Mobility
- Recreation & Sports
- Commercial
By Power Output
- Less than 6 kW
- 6-9 kW
- 9-15 kW
By Country
- Germany
- UK
- France
- Russia
- Norway
- Netherlands
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Tesla, Inc.
- BMW Group
- Columbia Vehicle Group Inc. (Nordic Group of Companies, Ltd.)
- Godrej Group (Godrej Material Handling)
- Kion Group
- Yamaha Motor Co., Ltd.
- Textron, Inc.
- Polaris, Inc.
- BYD Company Ltd.
- Toyota Industries Corporation
TABLE 1 Europe Light Electric Vehicles Market, 2018 - 2021, USD Million
TABLE 2 Europe Light Electric Vehicles Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Light Electric Vehicles Market
TABLE 4 Product Launches And Product Expansions– Light Electric Vehicles Market
TABLE 5 Europe Light Electric Vehicles Market by Vehicle Category, 2018 - 2021, USD Million
TABLE 6 Europe Light Electric Vehicles Market by Vehicle Category, 2022 - 2028, USD Million
TABLE 7 Europe 2-wheelers Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe 2-wheelers Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe 3-wheelers Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe 3-wheelers Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe 4-wheelers Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe 4-wheelers Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Light Electric Vehicles Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 14 Europe Light Electric Vehicles Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 15 Europe e-scooter Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe e-scooter Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe e-ATV/UTV Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe e-ATV/UTV Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Neighborhood Electric Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Neighborhood Electric Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe e-bike & Motorcycle Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe e-bike & Motorcycle Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe e-lawn Mower Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe e-lawn Mower Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Autonomous Forklifts, Delivery Robots & Electric Industrial Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Autonomous Forklifts, Delivery Robots & Electric Industrial Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 29 Europe Light Electric Vehicles Market by Component Type, 2018 - 2021, USD Million
TABLE 30 Europe Light Electric Vehicles Market by Component Type, 2022 - 2028, USD Million
TABLE 31 Europe Battery Pack Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe Battery Pack Market by Country, 2022 - 2028, USD Million
TABLE 33 Europe Electric Motor Market by Country, 2018 - 2021, USD Million
TABLE 34 Europe Electric Motor Market by Country, 2022 - 2028, USD Million
TABLE 35 Europe Motor Controller & Power Controller Market by Country, 2018 - 2021, USD Million
TABLE 36 Europe Motor Controller & Power Controller Market by Country, 2022 - 2028, USD Million
TABLE 37 Europe Inverters Market by Country, 2018 - 2021, USD Million
TABLE 38 Europe Inverters Market by Country, 2022 - 2028, USD Million
TABLE 39 Europe e-brake Booster & Power Electronics Market by Country, 2018 - 2021, USD Million
TABLE 40 Europe e-brake Booster & Power Electronics Market by Country, 2022 - 2028, USD Million
TABLE 41 Europe Light Electric Vehicles Market by Application, 2018 - 2021, USD Million
TABLE 42 Europe Light Electric Vehicles Market by Application, 2022 - 2028, USD Million
TABLE 43 Europe Personal Mobility Market by Country, 2018 - 2021, USD Million
TABLE 44 Europe Personal Mobility Market by Country, 2022 - 2028, USD Million
TABLE 45 Europe Shared Mobility Market by Country, 2018 - 2021, USD Million
TABLE 46 Europe Shared Mobility Market by Country, 2022 - 2028, USD Million
TABLE 47 Europe Recreation & Sports Market by Country, 2018 - 2021, USD Million
TABLE 48 Europe Recreation & Sports Market by Country, 2022 - 2028, USD Million
TABLE 49 Europe Commercial Market by Country, 2018 - 2021, USD Million
TABLE 50 Europe Commercial Market by Country, 2022 - 2028, USD Million
TABLE 51 Europe Light Electric Vehicles Market by Power Output, 2018 - 2021, USD Million
TABLE 52 Europe Light Electric Vehicles Market by Power Output, 2022 - 2028, USD Million
TABLE 53 Europe Less than 6 kW Market by Country, 2018 - 2021, USD Million
TABLE 54 Europe Less than 6 kW Market by Country, 2022 - 2028, USD Million
TABLE 55 Europe 6-9 kW Market by Country, 2018 - 2021, USD Million
TABLE 56 Europe 6-9 kW Market by Country, 2022 - 2028, USD Million
TABLE 57 Europe 9-15 kW Market by Country, 2018 - 2021, USD Million
TABLE 58 Europe 9-15 kW Market by Country, 2022 - 2028, USD Million
TABLE 59 Europe Light Electric Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 60 Europe Light Electric Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 61 Germany Light Electric Vehicles Market, 2018 - 2021, USD Million
TABLE 62 Germany Light Electric Vehicles Market, 2022 - 2028, USD Million
TABLE 63 Germany Light Electric Vehicles Market by Vehicle Category, 2018 - 2021, USD Million
TABLE 64 Germany Light Electric Vehicles Market by Vehicle Category, 2022 - 2028, USD Million
TABLE 65 Germany Light Electric Vehicles Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 66 Germany Light Electric Vehicles Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 67 Germany Light Electric Vehicles Market by Component Type, 2018 - 2021, USD Million
TABLE 68 Germany Light Electric Vehicles Market by Component Type, 2022 - 2028, USD Million
TABLE 69 Germany Light Electric Vehicles Market by Application, 2018 - 2021, USD Million
TABLE 70 Germany Light Electric Vehicles Market by Application, 2022 - 2028, USD Million
TABLE 71 Germany Light Electric Vehicles Market by Power Output, 2018 - 2021, USD Million
TABLE 72 Germany Light Electric Vehicles Market by Power Output, 2022 - 2028, USD Million
TABLE 73 UK Light Electric Vehicles Market, 2018 - 2021, USD Million
TABLE 74 UK Light Electric Vehicles Market, 2022 - 2028, USD Million
TABLE 75 UK Light Electric Vehicles Market by Vehicle Category, 2018 - 2021, USD Million
TABLE 76 UK Light Electric Vehicles Market by Vehicle Category, 2022 - 2028, USD Million
TABLE 77 UK Light Electric Vehicles Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 78 UK Light Electric Vehicles Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 79 UK Light Electric Vehicles Market by Component Type, 2018 - 2021, USD Million
TABLE 80 UK Light Electric Vehicles Market by Component Type, 2022 - 2028, USD Million
TABLE 81 UK Light Electric Vehicles Market by Application, 2018 - 2021, USD Million
TABLE 82 UK Light Electric Vehicles Market by Application, 2022 - 2028, USD Million
TABLE 83 UK Light Electric Vehicles Market by Power Output, 2018 - 2021, USD Million
TABLE 84 UK Light Electric Vehicles Market by Power Output, 2022 - 2028, USD Million
TABLE 85 France Light Electric Vehicles Market, 2018 - 2021, USD Million
TABLE 86 France Light Electric Vehicles Market, 2022 - 2028, USD Million
TABLE 87 France Light Electric Vehicles Market by Vehicle Category, 2018 - 2021, USD Million
TABLE 88 France Light Electric Vehicles Market by Vehicle Category, 2022 - 2028, USD Million
TABLE 89 France Light Electric Vehicles Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 90 France Light Electric Vehicles Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 91 France Light Electric Vehicles Market by Component Type, 2018 - 2021, USD Million
TABLE 92 France Light Electric Vehicles Market by Component Type, 2022 - 2028, USD Million
TABLE 93 France Light Electric Vehicles Market by Application, 2018 - 2021, USD Million
TABLE 94 France Light Electric Vehicles Market by Application, 2022 - 2028, USD Million
TABLE 95 France Light Electric Vehicles Market by Power Output, 2018 - 2021, USD Million
TABLE 96 France Light Electric Vehicles Market by Power Output, 2022 - 2028, USD Million
TABLE 97 Russia Light Electric Vehicles Market, 2018 - 2021, USD Million
TABLE 98 Russia Light Electric Vehicles Market, 2022 - 2028, USD Million
TABLE 99 Russia Light Electric Vehicles Market by Vehicle Category, 2018 - 2021, USD Million
TABLE 100 Russia Light Electric Vehicles Market by Vehicle Category, 2022 - 2028, USD Million
TABLE 101 Russia Light Electric Vehicles Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 102 Russia Light Electric Vehicles Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 103 Russia Light Electric Vehicles Market by Component Type, 2018 - 2021, USD Million
TABLE 104 Russia Light Electric Vehicles Market by Component Type, 2022 - 2028, USD Million
TABLE 105 Russia Light Electric Vehicles Market by Application, 2018 - 2021, USD Million
TABLE 106 Russia Light Electric Vehicles Market by Application, 2022 - 2028, USD Million
TABLE 107 Russia Light Electric Vehicles Market by Power Output, 2018 - 2021, USD Million
TABLE 108 Russia Light Electric Vehicles Market by Power Output, 2022 - 2028, USD Million
TABLE 109 Norway Light Electric Vehicles Market, 2018 - 2021, USD Million
TABLE 110 Norway Light Electric Vehicles Market, 2022 - 2028, USD Million
TABLE 111 Norway Light Electric Vehicles Market by Vehicle Category, 2018 - 2021, USD Million
TABLE 112 Norway Light Electric Vehicles Market by Vehicle Category, 2022 - 2028, USD Million
TABLE 113 Norway Light Electric Vehicles Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 114 Norway Light Electric Vehicles Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 115 Norway Light Electric Vehicles Market by Component Type, 2018 - 2021, USD Million
TABLE 116 Norway Light Electric Vehicles Market by Component Type, 2022 - 2028, USD Million
TABLE 117 Norway Light Electric Vehicles Market by Application, 2018 - 2021, USD Million
TABLE 118 Norway Light Electric Vehicles Market by Application, 2022 - 2028, USD Million
TABLE 119 Norway Light Electric Vehicles Market by Power Output, 2018 - 2021, USD Million
TABLE 120 Norway Light Electric Vehicles Market by Power Output, 2022 - 2028, USD Million
TABLE 121 Netherlands Light Electric Vehicles Market, 2018 - 2021, USD Million
TABLE 122 Netherlands Light Electric Vehicles Market, 2022 - 2028, USD Million
TABLE 123 Netherlands Light Electric Vehicles Market by Vehicle Category, 2018 - 2021, USD Million
TABLE 124 Netherlands Light Electric Vehicles Market by Vehicle Category, 2022 - 2028, USD Million
TABLE 125 Netherlands Light Electric Vehicles Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 126 Netherlands Light Electric Vehicles Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 127 Netherlands Light Electric Vehicles Market by Component Type, 2018 - 2021, USD Million
TABLE 128 Netherlands Light Electric Vehicles Market by Component Type, 2022 - 2028, USD Million
TABLE 129 Netherlands Light Electric Vehicles Market by Application, 2018 - 2021, USD Million
TABLE 130 Netherlands Light Electric Vehicles Market by Application, 2022 - 2028, USD Million
TABLE 131 Netherlands Light Electric Vehicles Market by Power Output, 2018 - 2021, USD Million
TABLE 132 Netherlands Light Electric Vehicles Market by Power Output, 2022 - 2028, USD Million
TABLE 133 Rest of Europe Light Electric Vehicles Market, 2018 - 2021, USD Million
TABLE 134 Rest of Europe Light Electric Vehicles Market, 2022 - 2028, USD Million
TABLE 135 Rest of Europe Light Electric Vehicles Market by Vehicle Category, 2018 - 2021, USD Million
TABLE 136 Rest of Europe Light Electric Vehicles Market by Vehicle Category, 2022 - 2028, USD Million
TABLE 137 Rest of Europe Light Electric Vehicles Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 138 Rest of Europe Light Electric Vehicles Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 139 Rest of Europe Light Electric Vehicles Market by Component Type, 2018 - 2021, USD Million
TABLE 140 Rest of Europe Light Electric Vehicles Market by Component Type, 2022 - 2028, USD Million
TABLE 141 Rest of Europe Light Electric Vehicles Market by Application, 2018 - 2021, USD Million
TABLE 142 Rest of Europe Light Electric Vehicles Market by Application, 2022 - 2028, USD Million
TABLE 143 Rest of Europe Light Electric Vehicles Market by Power Output, 2018 - 2021, USD Million
TABLE 144 Rest of Europe Light Electric Vehicles Market by Power Output, 2022 - 2028, USD Million
TABLE 145 key Information – Tesla, Inc.
TABLE 146 key information – BMW Group
TABLE 147 Key Information – Columbia Vehicle Group Inc.
TABLE 148 Key Information – Godrej Group
TABLE 149 Key Information – Kion Group
TABLE 150 Key Information – Yamaha Motor Co., Ltd.
TABLE 151 Key information – Textron, Inc.
TABLE 152 Key information – Polaris, Inc.
TABLE 153 key Information – BYD Company Ltd.
TABLE 154 Key Information – Toyota Industries Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Sep – 2022, Aug) Leading Players
FIG 5 SWOT ANALYSIS: TESLA, INC.
FIG 6 Recent strategies and developments: BMW Group
FIG 7 SWOT ANALYSIS: BMW GROUP
FIG 8 Recent strategies and developments: Yamaha Motor Co., Ltd.
FIG 9 Recent strategies and developments: Polaris, Inc.
FIG 10 Recent strategies and developments: BYD Company Ltd.
FIG 11 Recent strategies and developments: Toyota Industries Corporation