Detailed Insights into the e-SUVs Market: Size, Share, Forecasts, and Trends.

1. e-SUVs Market to be Worth $914.2 Billion by 2031

2. Global e-SUVs Market – 2024-2031 Meticulous Research®—a leading global market research firm—has published a comprehensive report titled, ‘e-SUVs Market by Propulsion (Battery Electric SUV, Hybrid SUV), Size (Compact SUV, Mid-Size SUV, Full-Size SUV), Power Output (Less Than 150 KW, 150 KW to 250 KW, More than 250 KW), Geography - Global Forecast to 2031.’ According to the latest insights from Meticulous Research®, the global e-SUVs market is set to reach $914.2 billion by 2031, growing at a CAGR of 16.2% from 2024 to 2031. This robust growth is primarily driven by the increasing adoption and development of compact and small e-SUVs, supportive government policies, and stringent emission and fuel economy regulations. Additionally, the surge in investments by leading automotive OEMs is anticipated to create further growth opportunities. Nonetheless, high e-SUV prices and the lack of charging infrastructure in developing regions may hinder market expansion. Market Segmentation The e-SUVs market is categorized by propulsion type, size, and power output. This report offers an in-depth analysis of regional and country-specific markets and evaluates key industry competitors. Propulsion Type The market is divided into battery-electric SUVs and hybrid SUVs. In 2024, battery-electric SUVs are expected to dominate with a market share exceeding 64%. This dominance is attributed to increasingly stringent global automotive emission regulations, a growing consumer preference for high fuel-efficiency vehicles, a global shift towards eco-friendly transportation, and the expansion of charging infrastructure. Conversely, hybrid SUVs are projected to exhibit the highest CAGR during the forecast period. The growth in this segment is fueled by increased investments in hybrid vehicle powertrains, enhanced fuel efficiency, lower operational costs compared to traditional diesel or petrol vehicles, reduced emissions, and improved vehicle performance. Size The e-SUV market is also segmented by size: compact SUVs, mid-size SUVs, and full-size SUVs. The mid-size SUVs segment is anticipated to hold the largest share of over 42% in 2024. Mid- size SUVs offer a balance between compact and full-size options, providing better handling, higher fuel efficiency, and more suitability for city driving and parking compared to full-size SUVs. The compact SUVs segment is expected to grow at the highest CAGR. This growth is driven by factors such as superior fuel efficiency, versatility, comfortable interiors with advanced safety features, and a rising consumer inclination towards compact SUVs. Automotive manufacturers are also focusing on launching compact electric SUVs with advanced capabilities. Power Output The market is segmented into Less Than 150 KW, 150 KW to 250 KW, and More than 250 KW. The 150 KW to 250 KW segment is forecasted to dominate with over 53% of the market share in 2024. This segment’s large share is driven by the increasing adoption of electric SUVs, investments in EV charging infrastructure by government authorities, and favorable policies, incentives, and subsidies from various state governments. Page 1 of 3 © Meticulous Research| sales@meticulousresearch.com

3. Global e-SUVs Market – 2024-2031 Despite this, the 150 KW to 250 KW segment is expected to experience the highest CAGR during the forecast period. The segment’s growth is mainly driven by the focus of key players on developing e-SUVs with power capacities within this range. Geography Geographically, the e-SUVs market is divided into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to command the largest share of over 56% of the e-SUV market. This significant share is due to government subsidies, tax incentives, and regulatory measures supporting EV development and adoption. The region's focus on reducing greenhouse gas emissions, increasing automotive demand, and consumer preference for fuel-efficient solutions further contribute to its leading position. Asia-Pacific is also expected to register the highest CAGR of over 19% during the forecast period. This growth is attributed to increased investments in EV charging infrastructure, technological advancements, and expansions in production capacity by major players. Key Players: The key players operating in the e-SUVs market are Tesla Inc. (U.S.), Toyota Motor Corporation (Japan), Honda Motor Co., Ltd. (Japan), BYD Company Ltd. (China), Ford Motor Company (U.S.), Hyundai Motor Company (South Korea), Mercedes-Benz (Germany), Nissan Motor Corporation (Japan), Volkswagen AG (Germany), AB Volvo (Sweden), Kia Corporation (South Korea), and BMW (Germany). Download Sample Report Here @ https://www.meticulousresearch.com/download- sample-report/cp_id=5958 Key Questions Answered in the Report: • Which are the high-growth market segments based on propulsion type, size, and power output? • What was the historical market for e-SUVs? • What are the market forecasts and estimates for the period 2024–2031? • What are the major drivers, restraints, and opportunities in the e-SUVs market? • Who are the major players, and what shares do they hold in the e-SUVs market? • What is the competitive landscape in the e-SUVs market? • What are the recent developments in the e-SUVs market? • What are the different strategies adopted by the major players in the e-SUVs market? • What are the important geographic trends, and which are the fastest-growing countries? • Who are the local emerging players in the global e-SUVs market, and how do they compete with existing players? Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Page 2 of 3 © Meticulous Research| sales@meticulousresearch.com

4. Global e-SUVs Market – 2024-2031 Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 3 © Meticulous Research| sales@meticulousresearch.com