NEV Fleet Market by NEV Type, Vehicle Type, Commutation, Fleet Size, Electrification, Country, and Region: Industry Analysis, Market Size, Market Share, and Forecast from 2024-2032

Description

REPORT HIGHLIGHT

The NEV Fleet Market was valued at USD 1,55,214.2 million in 2023, growing at a CAGR of 3.50% from 2024 to 2032.

NEV Fleet Market is a subset of the automotive industry focused on the production, sale, and operation of New Energy Vehicles, such as electric, plug-in hybrid electric, and hydrogen fuel cell vehicles. It encompasses various dimensions, which are fleet deployment for public transport, logistics, and business needs, which are driven by growth in demand for green, low-emitting modes of transport.

NEV Fleet Market- Market Dynamics

Government Incentives and Regulations Promoting Electric and Hybrid Vehicles

Government incentives and regulations are mounting pressure toward the adoption of electric and hybrid vehicles and would become a major growth driver for the NEV Fleet Market. Most governments have put policies in place involving financial incentives in terms of tax credits, rebates, and grants to implement New Energy Vehicles across countries worldwide. Another driver for the fleets to choose NEVs over traditional internal combustion engine vehicles is the regulation agenda concerning emission reduction and air quality improvement. In addition to improving the long-term economic sustainability of deploying NEVs, these laws lower the upfront costs associated with integrating such vehicles into fleets. As a result, businesses have made fleet investments in NEVs, which fosters market expansion overall.

NEV Fleet Market- Key Insights

Our research analyst projects global market growth to be over 3.50% CAGR between 2024 and 2032.

According to NEV Type segmentation, the Hybrid electric vehicles Type will dominate the market share by 2023

In 2023, passenger car was the most popular Vehicle Type segmentation.

Intercity now leads the NEV Fleet business, according to Commutation segmentation.

In 2023, 51 - 100 was the most dominant Fleet Size segment.

In 2023, Traditional Battery was the most popular sort of Electrification segmentation.

On the basis of region, Asia Pacific was the leading revenue generator in 2023

NEV Fleet Market- Segmentation Analysis:

The Global NEV Fleet Market is divided into six segments: NEV Type, Vehicle Type, Commutation, Fleet Size, Electrification, and Region.

The market is separated into four segments based on NEV Types.: Battery Electric Vehicle, Hybrid Electric Vehicle, Fuel Cell Electric Vehicle, and Plug-in Hybrid Electric Vehicle. Hybrid electric vehicles are projected to dominate the market during the forecast period. These vehicles include more than one power source, including an internal combustion engine (ICE) and an electric motor. HEVs' supremacy in this business is mostly due to their high power, low emissions, and better fuel efficiency.

The market is classified into seven segments based on Commutation: Two Wheelers, Three Wheelers, Passenger Cars, Light Commercial Vehicles, Heavy Duty Trucks, Buses and Coaches, and Off-Highway Vehicles. The passenger car sector is predicted to dominate the New Energy Vehicle (NEV) fleet market over the forecast period. One of the primary drivers of passenger car demand is consumers' increasing preference for environmentally friendly vehicles. The majority of users prefer carpooling, corporate cabs, and other modes of transportation that help avoid gridlock created by individual vehicles. Various discounts offered by mobility service providers to daily commuters are also driving up demand for passenger vehicles.

NEV Fleet Market- Geographical Insights

Geographically, this market encompasses the Middle East, and Africa, Latin America, Asia Pacific, North America, Europe. These zones are further split based on which countries bring business.

The NEV market is expected to be led by Asia-Pacific. Major markets for autos and high-tech automotive components include emerging economies such as China, South Korea, and India. BYD and other important market participants sell 60% of the electric vehicles utilized for public transportation in this area. Shenzhen, a significant city in southern China, achieved an environmental milestone in 2019 by having virtually entirely electric vehicles on the road. Shenzhen is a high-tech hub. The city operates 21,689 cars, of which about 99% are electric.

North America is expected to have the second-largest share of this market, driven by government-sponsored development programs and increased competition. The European market is expected to grow steadily over the forecast period. Europe's rigorous safety regulations are primarily responsible for the market's expansion.

NEV Fleet Market- Competitive Landscape:

The competitive landscape of the NEV Fleet Market is characterized by a mix of incumbent automotive manufacturers as well as new start-ups exclusively focused on electric and hybrid-vehicle manufacturing. Investments from key players can be seen in the areas of research and development related to battery technology, charging infrastructure, and performance levels. With collaboration and partnerships among automakers, technology companies, and energy providers, and with governments also providing incentives and putting regulations in place for green transportation, this promising space will be more towards increasing competition in terms of capturing market share. The NEV fleet is very dynamic, with innovations in the sector continually being developed in light of the notion of sustainability, and we consider that in the not-too-distant future, this sector will be more dominated by brands with a rich tradition of sustainability in their business operations.

Recent Developments:

In May 2020, BYD introduced a new energy vehicle. BYD, a Chinese carmaker, collaborated with ENSA Servicios and Traservi to launch the first all-electric fleet in Panama and Central America in Cologne. The three companies recently built the first fast-charging station for electric vehicles in Colon Province, hoping to lay a solid platform for promoting electric mobility in Panama.

SCOPE OF THE REPORT

This report's scope includes the following important market segments:

GLOBAL NEV FLEET MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS

AB Volvo
BYD Auto Co, Ltd
Beiqi Foton Motor Co. Ltd
Daimler AG
Renault
Tesla Inc.
General Motors Company
Hyundai Motor Company
Nissan Motor Corporation
TATA Motors
Toyota Motor Corporation
Mahindra and Mahindra
Volkswagen
Others

GLOBAL NEV FLEET MARKET, BY NEV TYPE- MARKET ANALYSIS, 2019 - 2032

Battery Electric Vehicle
Hybrid Electric Vehicle
Fuel Cell Electric Vehicle
Plug-in Hybrid Electric Vehicle

GLOBAL NEV FLEET MARKET, BY VEHICLE TYPE- MARKET ANALYSIS, 2019 - 2032

Two Wheelers
Three Wheelers
Passenger Cars
Light Commercial Vehicles
Heavy Duty Trucks
Buses and Coaches
Off-Highway Vehicles

GLOBAL NEV FLEET MARKET, BY COMMUTATION- MARKET ANALYSIS, 2019 - 2032

Intercity
Intra-city

GLOBAL NEV FLEET MARKET, BY FLEET SIZE- MARKET ANALYSIS, 2019 - 2032

2 to 50
51 - 100
101 - 200
201 - 500
501 - 1000
1001 - 2000
More than 2000

GLOBAL NEV FLEET MARKET, BY ELECTRIFICATION- MARKET ANALYSIS, 2019 - 2032

Traditional Battery
Solar Battery
Hydrogen Fuel Cell

GLOBAL NEV FLEET MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032

North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA

Product Code: ANV3911

1. NEV Fleet Market Overview

1.1. Study Scope
1.2. Market Estimation Years

2. Executive Summary

2.1. Market Snippet
- 2.1.1. NEV Fleet Market Snippet by NEV Type
- 2.1.2. NEV Fleet Market Snippet by Vehicle Type
- 2.1.3. NEV Fleet Market Snippet by Commutation
- 2.1.4. NEV Fleet Market Snippet by Fleet Size
- 2.1.5. NEV Fleet Market Snippet by Electrification
- 2.1.6. NEV Fleet Market Snippet by Country
- 2.1.7. NEV Fleet Market Snippet by Region
2.2. Competitive Insights

3. NEV Fleet Key Market Trends

3.1. NEV Fleet Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
3.2. NEV Fleet Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
3.3. NEV Fleet Market Opportunities
3.4. NEV Fleet Market Future Trends

4. NEV Fleet Industry Study

4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis

5. NEV Fleet Market: COVID-19 Impact Analysis

5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments

6. NEV Fleet Market Landscape

6.1. NEV Fleet Market Share Analysis, 2023
6.2. Breakdown Data, by Key Manufacturer
- 6.2.1. Established Players' Analysis
- 6.2.2. Emerging Players' Analysis

7. NEV Fleet Market - By NEV Type

7.1. Overview
- 7.1.1. Segment Share Analysis, By NEV Type, 2023 & 2032 (%)
- 7.1.2. Battery Electric Vehicle
- 7.1.3. Hybrid Electric Vehicle
- 7.1.4. Fuel Cell Electric Vehicle
- 7.1.5. Plug-in Hybrid Electric Vehicle

8. NEV Fleet Market - By Vehicle Type

8.1. Overview
- 8.1.1. Segment Share Analysis, By Vehicle Type, 2023 & 2032 (%)
- 8.1.2. Two Wheelers
- 8.1.3. Three Wheelers
- 8.1.4. Passenger Cars
- 8.1.5. Light Commercial Vehicles
- 8.1.6. Heavy Duty Trucks
- 8.1.7. Buses and Coaches
- 8.1.8. Off-Highway Vehicles

9. NEV Fleet Market - By Commutation

9.1. Overview
- 9.1.1. Segment Share Analysis, By Commutation, 2023 & 2032 (%)
- 9.1.2. Intercity
- 9.1.3. Intra-city

10. NEV Fleet Market - By Fleet Size

10.1. Overview
- 10.1.1. Segment Share Analysis, By Fleet Size, 2023 & 2032 (%)
- 10.1.2. 2 to 50
- 10.1.3. 51 - 100
- 10.1.4. 101 - 200
- 10.1.5. 201 - 500
- 10.1.6. 501 - 1000
- 10.1.7. 1001 - 2000
- 10.1.8. More than 2000

11. NEV Fleet Market - By Electrification

11.1. Overview
- 11.1.1. Segment Share Analysis, By Electrification, 2023 & 2032 (%)
- 11.1.2. Traditional Battery
- 11.1.3. Solar Battery
- 11.1.4. Hydrogen Fuel Cell

12. NEV Fleet Market- By Geography

12.1. Introduction
- 12.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
12.2. North America
- 12.2.1. Overview
- 12.2.2. NEV Fleet Key Manufacturers in North America
- 12.2.3. North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 12.2.4. North America Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
- 12.2.5. North America Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
- 12.2.6. North America Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
- 12.2.7. North America Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
- 12.2.8. North America Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.2.9. U.S.
  - 12.2.9.1. Overview
  - 12.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.2.9.3. U.S. Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.2.9.4. U.S. Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.2.9.5. U.S. Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.2.9.6. U.S. Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.2.9.7. U.S. Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.2.10. Canada
  - 12.2.10.1. Overview
  - 12.2.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.2.10.3. Canada Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.2.10.4. Canada Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.2.10.5. Canada Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.2.10.6. Canada Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.2.10.7. Canada Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
12.3. Europe
- 12.3.1. Overview
- 12.3.2. NEV Fleet Key Manufacturers in Europe
- 12.3.3. Europe Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 12.3.4. Europe Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
- 12.3.5. Europe Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
- 12.3.6. Europe Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
- 12.3.7. Europe Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
- 12.3.8. Europe Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.3.9. Germany
  - 12.3.9.1. Overview
  - 12.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.3.9.3. Germany Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.3.9.4. Germany Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.3.9.5. Germany Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.3.9.6. Germany Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.3.9.7. Germany Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.3.10. Italy
  - 12.3.10.1. Overview
  - 12.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.3.10.3. Italy Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.3.10.4. Italy Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.3.10.5. Italy Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.3.10.6. Italy Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.3.10.7. Italy Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.3.11. United Kingdom
  - 12.3.11.1. Overview
  - 12.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.3.11.3. United Kingdom Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.3.11.4. United Kingdom Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.3.11.5. United Kingdom Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.3.11.6. United Kingdom Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.3.11.7. United Kingdom Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.3.12. France
  - 12.3.12.1. Overview
  - 12.3.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.3.12.3. France Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.3.12.4. France Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.3.12.5. France Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.3.12.6. France Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.3.12.7. France Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.3.13. Russia
  - 12.3.13.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.3.13.2. Russia Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.3.13.3. Russia Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.3.13.4. Russia Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.3.13.5. Russia Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.3.13.6. Russia Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.3.14. Netherlands
  - 12.3.14.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.3.14.2. Netherlands Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.3.14.3. Netherlands Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.3.14.4. Netherlands Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.3.14.5. Netherlands Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.3.14.6. Netherlands Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.3.15. Sweden
  - 12.3.15.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.3.15.2. Sweden Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.3.15.3. Sweden Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.3.15.4. Sweden Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.3.15.5. Sweden Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.3.15.6. Sweden Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.3.16. Poland
  - 12.3.16.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.3.16.2. Poland Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.3.16.3. Poland Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.3.16.4. Poland Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.3.16.5. Poland Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.3.16.6. Poland Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.3.17. Rest of Europe
  - 12.3.17.1. Overview
  - 12.3.17.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.3.17.3. Rest of the Europe Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.3.17.4. Rest of the Europe Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.3.17.5. Rest of the Europe Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.3.17.6. Rest of the Europe Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.3.17.7. Rest of the Europe Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
12.4. Asia Pacific (APAC)
- 12.4.1. Overview
- 12.4.2. NEV Fleet Key Manufacturers in Asia Pacific
- 12.4.3. Asia Pacific Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 12.4.4. Asia Pacific Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
- 12.4.5. Asia Pacific Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
- 12.4.6. Asia Pacific Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
- 12.4.7. Asia Pacific Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
- 12.4.8. Asia Pacific Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.4.9. India
  - 12.4.9.1. Overview
  - 12.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.4.9.3. India Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.4.9.4. India Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.4.9.5. India Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.4.9.6. India Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.4.9.7. India Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.4.10. China
  - 12.4.10.1. Overview
  - 12.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.4.10.3. China Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.4.10.4. China Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.4.10.5. China Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.4.10.6. China Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.4.10.7. China Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.4.11. Japan
  - 12.4.11.1. Overview
  - 12.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.4.11.3. Japan Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.4.11.4. Japan Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.4.11.5. Japan Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.4.11.6. Japan Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.4.11.7. Japan Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.4.12. South Korea
  - 12.4.12.1. Overview
  - 12.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.4.12.3. South Korea Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.4.12.4. South Korea Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.4.12.5. South Korea Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.4.12.6. South Korea Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.4.12.7. South Korea Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.4.13. Australia
  - 12.4.13.1. Overview
  - 12.4.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.4.13.3. Australia Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.4.13.4. Australia Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.4.13.5. Australia Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.4.13.6. Australia Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.4.13.7. Australia Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.4.14. Thailand
  - 12.4.14.1. Overview
  - 12.4.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.4.14.3. Thailand Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.4.14.4. Thailand Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.4.14.5. Thailand Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.4.14.6. Thailand Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.4.14.7. Thailand Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.4.15. Indonesia
  - 12.4.15.1. Overview
  - 12.4.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.4.15.3. Indonesia Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.4.15.4. Indonesia Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.4.15.5. Indonesia Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.4.15.6. Indonesia Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.4.15.7. Indonesia Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.4.16. Philippines
  - 12.4.16.1. Overview
  - 12.4.16.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.4.16.3. Philippines Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.4.16.4. Philippines Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.4.16.5. Philippines Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.4.16.6. Philippines Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.4.16.7. Philippines Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.4.17. Rest of APAC
  - 12.4.17.1. Overview
  - 12.4.17.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.4.17.3. Rest of APAC Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.4.17.4. Rest of APAC Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.4.17.5. Rest of APAC Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.4.17.6. Rest of APAC Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.4.17.7. Rest of APAC Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
12.5. Latin America
- 12.5.1. Overview
- 12.5.2. NEV Fleet Key Manufacturers in Latin America
- 12.5.3. Latin America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 12.5.4. Latin America Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
- 12.5.5. Latin America Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
- 12.5.6. Latin America Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
- 12.5.7. Latin America Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
- 12.5.8. Latin America Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.5.9. Brazil
  - 12.5.9.1. Overview
  - 12.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.5.9.3. Brazil Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.5.9.4. Brazil Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.5.9.5. Brazil Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.5.9.6. Brazil Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.5.9.7. Brazil Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.5.10. Mexico
  - 12.5.10.1. Overview
  - 12.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.5.10.3. Mexico Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.5.10.4. Mexico Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.5.10.5. Mexico Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.5.10.6. Mexico Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.5.10.7. Mexico Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.5.11. Argentina
  - 12.5.11.1. Overview
  - 12.5.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.5.11.3. Argentina Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.5.11.4. Argentina Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.5.11.5. Argentina Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.5.11.6. Argentina Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.5.11.7. Argentina Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.5.12. Colombia
  - 12.5.12.1. Overview
  - 12.5.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.5.12.3. Colombia Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.5.12.4. Colombia Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.5.12.5. Colombia Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.5.12.6. Colombia Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.5.12.7. Colombia Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.5.13. Rest of LATAM
  - 12.5.13.1. Overview
  - 12.5.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.5.13.3. Rest of LATAM Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.5.13.4. Rest of LATAM Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.5.13.5. Rest of LATAM Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.5.13.6. Rest of LATAM Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.5.13.7. Rest of LATAM Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
12.6. Middle East and Africa
- 12.6.1. Overview
- 12.6.2. NEV Fleet Key Manufacturers in Middle East and Africa
- 12.6.3. Middle East and Africa Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 12.6.4. Middle East and Africa Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
- 12.6.5. Middle East and Africa Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
- 12.6.6. Middle East and Africa Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
- 12.6.7. Middle East and Africa Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
- 12.6.8. Middle East and Africa Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.6.9. Saudi Arabia
  - 12.6.9.1. Overview
  - 12.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.6.9.3. Saudi Arabia Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.6.9.4. Saudi Arabia Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.6.9.5. Saudi Arabia Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.6.9.6. Saudi Arabia Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.6.9.7. Saudi Arabia Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.6.10. United Arab Emirates
  - 12.6.10.1. Overview
  - 12.6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.6.10.3. United Arab Emirates Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.6.10.4. United Arab Emirates Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.6.10.5. United Arab Emirates Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.6.10.6. United Arab Emirates Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.6.10.7. United Arab Emirates Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.6.11. Israel
  - 12.6.11.1. Overview
  - 12.6.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.6.11.3. Israel Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.6.11.4. Israel Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.6.11.5. Israel Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.6.11.6. Israel Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.6.11.7. Israel Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.6.12. Turkey
  - 12.6.12.1. Overview
  - 12.6.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.6.12.3. Turkey Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.6.12.4. Turkey Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.6.12.5. Turkey Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.6.12.6. Turkey Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.6.12.7. Turkey Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.6.13. Algeria
  - 12.6.13.1. Overview
  - 12.6.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.6.13.3. Algeria Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.6.13.4. Algeria Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.6.13.5. Algeria Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.6.13.6. Algeria Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.6.13.7. Algeria Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.6.14. Egypt
  - 12.6.14.1. Overview
  - 12.6.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.6.14.3. Egypt Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.6.14.4. Egypt Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.6.14.5. Egypt Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.6.14.6. Egypt Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.6.14.7. Egypt Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)
- 12.6.15. Rest of MEA
  - 12.6.15.1. Overview
  - 12.6.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 12.6.15.3. Rest of MEA Market Size and Forecast, By NEV Type, 2019 - 2032 (US$ Million)
  - 12.6.15.4. Rest of MEA Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  - 12.6.15.5. Rest of MEA Market Size and Forecast, By Commutation, 2019 - 2032 (US$ Million)
  - 12.6.15.6. Rest of MEA Market Size and Forecast, By Fleet Size, 2019 - 2032 (US$ Million)
  - 12.6.15.7. Rest of MEA Market Size and Forecast, By Electrification, 2019 - 2032 (US$ Million)

13. Key Vendor Analysis- NEV Fleet Industry

13.1. Competitive Dashboard
13.2. Company Profiles
- 13.2.1. AB Volvo
- 13.2.2. BYD Auto Co, Ltd
- 13.2.3. Beiqi Foton Motor Co. Ltd
- 13.2.4. Daimler AG
- 13.2.5. Renault
- 13.2.6. Tesla Inc.
- 13.2.7. General Motors Company
- 13.2.8. Hyundai Motor Company
- 13.2.9. Nissan Motor Corporation
- 13.2.10. TATA Motors
- 13.2.11. Toyota Motor Corporation
- 13.2.12. Mahindra and Mahindra
- 13.2.13. Volkswagen
- 13.2.14. Others

14. 360 Degree Analyst View

15. Appendix

15.1. Research Methodology
15.2. References
15.3. Abbreviations
15.4. Disclaimer
15.5. Contact Us