North America Electric Vehicle Market was valued at USD 11.3 billion in 2022 and is expected to reach the value of USD 60.36 billion by 2030, at a CAGR of 23.3% during the forecast period of 2023-2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis. Electric vehicle is run by utilizing clean electric energy. Instead of an internal combustion engine, electric vehicles were powered using an electric motor. The internal combustion engine is used to burn fossil products. The adoption of electric vehicles has gained traction in several regions/countries due to increasing fuel prices. Electric vehicles act as a substitute for petrol and diesel vehicles and are powered by lithium-ion batteries that offer a hybrid charging facility. These vehicles are eco-friendly and do not cause any pollution. They do not emit harmful greenhouse gases while operating. The cost of electricity is much lower than the cost of fossil fuels. This reduces the cost of operation of electric vehicles as compared to other petrol and diesel vehicles. Thus, the rising crude oil prices and depletion of fuel reserves are expected to drive electric vehicle demand.
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The electric vehicle market is segmented on the basis of component, propulsion type, charging station type, class, power train, and vehicle type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Battery Cells & Packs
- On-Board Charger
- Infotainment System
- Others
Propulsion
- Plug-In Hybrid Electric Vehicles (PHEVs)
- Battery Electric Vehicles (BEVs)
- Hybrid electric vehicles (HEVs)
- Fuel cell electric vehicles (FCEVs)
Charging station type
- Normal Charging
- Super Charging
Class
- Mid-Priced
- Luxury
Power Train
- Parallel Hybrid
- Series Hybrid
- Combined Hybrid
Vehicle Type
- Passenger Cars
- Two Wheelers
- Commercial Vehicles
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Highlight of Table of Content:
- Chapter 1: Market overview
- Chapter 2:Â North America Electric Vehicle Market Analysis
- Chapter 3: Regional analysis of the North America Electric Vehicle Market
- Chapter 4: Market segmentation based on types and applications
- Chapter 5: Revenue analysis based on types and applications
- Chapter 6: Market share
- Chapter 7: Competitive Landscape
- Chapter 8: Drivers, Restraints, Challenges, and Opportunities
- Chapter 9: Gross Margin and Price Analysis
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Some of the major players operating in the electric vehicle market are:
- Ford Motor Company (U.S.)
- General Motors (U.S.)
- AUDI AG (Germany)
- Kia Motors Corporation (South Korea)
- Groupe Renault (France)
- Groupe PSA (France)
- SAIC Motor Corporation Limited (China)
- Tesla (U.S.)
- Daimler AG (Germany)
- BMW AG (Germany)
- Hyundai Motor Company (South Korea)
- BYD Company Ltd. (China)
- Continental AG (Germany)
- TOYOTA MOTOR CORPORATION (Japan)
- Nissan Motor Co., LTD. (Japan)
- Volkswagen AG (Germany)
- AB Volvo (Sweden)
- Honda Motor Co., Ltd. (Japan)
Profound Questions Answered in this Report:
- What is the growth rate of various stages in the value chain of the industry?
- Which region has the highest growth rate and size of the emerging market by value in 2022?
- Who are the competitive players in North America Electric Vehicle Market?
- Which region has the largest share and degree of competition in the industry?
- What is the CAGR of the market during the forecast period 2023 to 2030?
- Which region is expected to hold the highest market share for the market?
- What is the main driver of the North America Electric Vehicle Market?
- What is sales volume, revenue, and price analysis of top players of the market?
- What are the market opportunities and threats faced by the vendors in the industry?
- What has been the impact of COVID-19 on the North America Electric Vehicle Market?
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