세계 차량 전동화 시장 수요는 빠르게 확대되고 있습니다. 환경 문제에 대한 관심은 더 깨끗한 교통수단으로의 이동을 촉진하고 있습니다. 정부와 고객들은 일반 가솔린 자동차가 대기오염, 기후 변화, 온실가스 배출에 미치는 악영향에 대해 더욱 강하게 인식하고 있습니다. 시장 규모는 2024년 748억 5,000만 달러를 돌파하고 2032년에는 약 1,325억 달러에 달할 것으로 예측됩니다.
경제적인 문제도 전기차 수요 증가에 기여하고 있는데, 전기차의 주요 부품인 배터리의 가격이 최근 몇 년 동안 급격하게 하락하고 있습니다. 이 때문에 EV는 기존 자동차보다 저렴하고 경쟁력이 있습니다. 세액공제, 보조금, 충전 인프라 구축과 같은 개발 인센티브가 전기차 이용을 촉진하고 있습니다. 비용 효율적이고 효율적인 차량 전기화에 대한 수요가 증가함에 따라 2026년부터 2032년까지 연평균 7.40%의 성장률을 보일 것으로 예측됩니다.
차량 전동화 시장 정의/개요
차량 전동화란 기존의 내연기관차(ICE) 부품을 대체하거나 강화하는 자동차에 전력 시스템을 통합하는 것을 말합니다. 이 과정에는 전기자동차(EV), 하이브리드 전기자동차(HEV), 파워 스티어링, 에어컨, 브레이크와 같은 차량 서브시스템의 전기화가 포함됩니다. 차량 전동화는 에너지 효율을 높이면서 오염물질을 줄입니다. 그 용도는 개인용 차량에서 상업용 차량으로 확대되어 도시와 장거리 이동 모두에서 지속가능성을 촉진합니다.
차량 전동화는 배터리 기술의 발전, 이산화탄소 배출량 감축을 위한 정부 법규, 친환경적인 선택에 대한 고객 니즈 증가 등을 배경으로 크게 발전할 것으로 예측됩니다. 무공해 모빌리티 실현을 위한 전 세계적인 프로그램으로 인해 대형차, 대중교통망, 오프로드 차량의 전동화가 가속화될 것으로 보입니다. 연동 시스템 및 자율 주행 시스템과 같은 스마트 기술의 추가 통합은 전기자동차의 효율성과 보급을 높이고 자동차 산업의 미래를 변화시킬 것으로 보입니다.
배터리 기술의 발전은 차량 전기화 시장을 촉진할 것입니다. 미국 에너지부에 따르면 2010년부터 2021년까지 리튬 이온 배터리 가격이 89% 하락하여 전기자동차가 더욱 현실적이고 경제적인 차량이 되었다고 합니다. 이러한 가격 하락은 전기자동차가 소비자에게 더욱 친숙해져 보급을 촉진하고 전체 차량 전기화 시장의 확대를 촉진할 것입니다.
정부 규제와 배출 기준은 차량 전기화 시장을 촉진한다: 2021년 미국 온실 가스 배출량의 29%를 수송 부문이 차지할 것으로 예상에 따라, EPA와 EU 등 규제 기관은 더 높은 배출량 목표를 부과하고 있습니다. 자동차 제조업체들에게 전기자동차로의 전환을 촉구하고 차량 전동화 시장을 촉진하고 있습니다.
차량 전기화의 높은 비용이 시장 확대의 걸림돌이 될 것으로 예측됩니다. 배터리 기술의 발전에도 불구하고 배터리, 충전 인프라, 생산 등 전기자동차의 높은 초기 비용은 보급에 걸림돌이 될 수 있습니다. 특히 정부 지원과 보조금이 적은 지역에서는 초기 투자비용이 여전히 많은 소비자들에게 장벽으로 작용하여 전체 시장 성장에 영향을 미치고 있습니다.
충전 인프라의 부족은 차량 전동화 시장의 성장을 저해하는 요인으로 작용할 것으로 예측됩니다. 특히 농촌이나 인구가 적은 지역에서는 충전소 이용이 어려워 주행거리에 대한 불안감이 전기자동차 구매를 저해하는 요인으로 작용할 수 있습니다. 전기차 보급을 위해서는 편리하고 신뢰할 수 있는 충전 옵션이 필요하기 때문에 전기차 수요 증가에 비해 인프라 구축 속도가 느린 것이 시장 확대에 걸림돌이 될 수 있습니다.
The global demand for vehicle electrification market is a fast-expanding factor. Environmental concerns are pushing the move toward cleaner transportation. Governments and customers are becoming more conscious of the detrimental effects of typical gasoline-powered automobiles on air pollution, climate change, and greenhouse gas emissions. The market size surpass USD 74.85 Billion valued in 2024 to reach a valuation of around USD 132.5 Billion by 2032.
Economic issues are also contributing to the growing demand for electric vehicles. The cost of batteries, a key component of EVs, has dropped dramatically in recent years. This has made EVs more inexpensive and competitive than conventional automobiles. Government incentives such as tax credits, subsidies, and the development of charging infrastructure promoting the use of EVs. The rising demand for cost-effective and efficient vehicle electrification is enabling the market grow at a CAGR of 7.40% from 2026 to 2032.
Vehicle Electrification Market: Definition/ Overview
Vehicle electrification is the integration of electric power systems into automobiles, which replace or enhance traditional internal combustion engine (ICE) components. This process includes electrical vehicles (EVs), hybrid electric vehicles (HEVs), and the electrification of vehicle subsystems such as power steering, air conditioning, and braking. Vehicle electrification reduces pollutants while increasing energy efficiency. Its uses extend from personal vehicles to commercial fleets, promoting sustainability in both urban and long-distance travel.
Vehicle electrification is expected to develop significantly, driven by advances in battery technology, government laws aimed at decreasing carbon emissions, and rising customer demand for environmentally acceptable choices. With global programs aimed at achieving zero-emission mobility, the electrification of heavy-duty vehicles, public transportation networks, and off-road vehicles is likely to accelerate. Further integration of smart technology, such as linked and autonomous systems, will increase the efficiency and adoption of electric vehicles, thereby changing the automotive industry's future.
Advancements in battery technology will propel the vehicle electrification market. According to the US Department of Energy, lithium-ion battery costs have fallen by 89% between 2010 and 2021, making electric vehicles more realistic and economical. This price reduction makes electric vehicles more accessible to consumers, promotes wider adoption, and drives the overall expansion of the vehicle electrification market.
Government regulations and emission standards will propel the vehicle electrification market. With transportation accounting for 29% of US greenhouse gas emissions in 2021, regulatory bodies such as the EPA and the European Union are imposing higher emission targets. The EU's target of reducing CO2 emissions from new cars by 37.5% by 2030 is encouraging automakers to migrate to electric vehicles, hence propelling the market for vehicle electrification.
The high cost of vehicle electrification is expected to impede the market's expansion. Despite advances in battery technology, the high initial costs of electric vehicles, such as batteries, charging infrastructure, and production, may hinder widespread adoption. For many consumers, the initial investment remains a barrier, especially in regions with less government support or subsidies, affecting overall market growth.
The lack of extensive charging infrastructure is projected to hamper the growth of the vehicle electrification market. Inadequate availability of charging stations, particularly in rural or underdeveloped areas, causes range anxiety and inhibits people from purchasing electric vehicles. The slow pace of infrastructure development in comparison to the growing demand for electric vehicles may impede market expansion, as convenient and reliable charging options are required for widespread adoption.
Hybrid electric vehicles (HEVs) are expected to dominate the electrification market. Reducing fuel consumption and emissions will drive the Hybrid Electric Vehicles (HEVs) segment of the vehicle electrification market. HEVs strike a compromise between traditional internal combustion engines and electric power, resulting in reduced fuel consumption and pollutants. With rising environmental awareness and stricter emission regulations, consumers and governments are turning to HEVs as an efficient, eco-friendly alternative, boosting demand in this market.
The combination of traditional and electric power in HEVs will propel the Hybrid Electric Vehicles (HEVs) segment of the vehicle electrification market. HEVs combine an internal combustion engine and an electric motor, resulting in increased fuel efficiency without compromising performance. This mix appeals to consumers seeking lower fuel costs and lower emissions while maintaining the range and familiarity of regular vehicles, making HEVs a popular choice and driving growth in this market.
The passenger vehicle segment is experiencing the most rapid growth in the vehicle electrification market. Rising consumer demand for electric vehicles is propelling the passenger vehicle segment of the vehicle electrification market. Consumers are increasingly choosing electric vehicles for their environmental benefits, improved fuel efficiency, and innovative features including fewer maintenance costs and cutting-edge technology. The increased awareness of sustainability, combined with a desire for modern, eco-friendly transportation options, is driving the growth of the passenger car segment.
The availability of a diverse range of electric passenger vehicles is propelling the passenger vehicle segment of the vehicle electrification market. The vast number of vehicle options appeals to a wide spectrum of consumer interests and needs, including compact city cars, premium models, and SUVs. This variety increases the appeal of electric vehicles by providing options that fit individual lives and needs, drawing a larger audience and boosting growth in the passenger vehicle category.
The Asia-Pacific region is the dominant force behind the vehicle electrification market. Government support will drive Asia-Pacific's vehicle electrification market. Strong policies and incentives, such as China's goal of 40% new energy vehicle sales by 2030, India's INR 10,000 crore FAME II scheme, which aims for significant EV penetration across various vehicle categories, and Japan's commitment to phase out gasoline-only vehicles by the mid-2030s, are significantly accelerating EV adoption. These ambitious goals and financial backing are not only boosting present EV growth but also laying the groundwork for a future in which electric vehicles dominate the market, encouraging the region's vehicle electrification sector.
Extensive charging infrastructure is driving the Asia-Pacific vehicle electrification market. Government initiatives and large-scale investments in charging networks help to fuel the region's increasing EV adoption. China leads with over 1.8 million public chargers as of 2022, with a goal of 20 million by 2025, while Japan and India have ambitious plans to develop their charging station networks. These initiatives, combined with private investments, are expected to drive a 39.4% growth rate in the Asia-Pacific EV charging infrastructure market from 2023 to 2028. This huge network will be vital as developing Asian countries prepare for an estimated 24 million EVs by 2030, emphasizing the importance of charging infrastructure in this market.
North America is experiencing the most rapid increase in vehicle electrification. Infrastructure development is a major driver in North America's vehicle electrification market. Significant investments in charging networks, supported by both government initiatives and commercial investments, are improving EV convenience and accessibility. As of 2023, the US has over 50,000 public charging stations with over 130,000 ports, with the intention of increasing to 500,000 stations by 2030 thanks to a USD 7.5 Billion investment under the Infrastructure Investment and Jobs Act. Canada will also install 50,000 chargers by 2026, with a CAD 680 million expenditure. With forecasts that EVs will account for 50% of new car sales in the United States by 2030, expanding infrastructure is vital to enabling increased EV adoption and propelling the market forward.
The strong automotive sector is propelling the vehicle electrification market in North America. The sector's considerable move towards electric cars (EVs) is demonstrated by the employment of over 923,000 people in 2022 and a remarkable growth in EV sales from a few thousand in 2010 to over 807,000 in 2022, accounting for 5.8% of new light-duty vehicle sales. Major manufacturers such as General Motors and Ford are investing billions-USD 35 Billion and USD 50 Billion, respectively-in EV development. With the North American EV market predicted to increase from $79.7 billion in 2021 to USD 329.9 Billion in 2028, a strong industrial foundation and significant investment are essential to accelerating the transition to electric vehicles and supporting the market's rapid rise in the region.
The vehicle electrification market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.
The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the vehicle electrification market include: