US Electric Vehicle Market Business Scope, Industry Share, Trends And Forecast to 2029


US Electric Vehicle Market size was valued at USD 17.54 Bn in 2021 and the total revenue is expected to grow at 37.1 % through 2022 to 2029, US Electric Vehicle Market is reaching nearly USD 219.05 Bn by 2029.

Electric Vehicle Market Overview

Maximize Market research, a market research firm, has published competitive intelligence market research report on Electric Vehicle Market. The Market overview gives thorough details about the industry trends, barriers, competitive strategies, segment wise market analytics & country wise scope.

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Electric Vehicle Market Report Scope and Research Methodology

Maximize Market Research has collected the data through Primary research surveys from Electric Vehicle dealers, suppliers and producers. The company’s annual reports and secondary sources, such as reliable paid and free databases are carefully examined to verify the facts for the Electric Vehicle market report. The scope of the research includes the analysis of market dynamics, regulations, segments & industry rivalry.

Region wise data has been collected the analyse the country wise markets. The new entrants in Electric Vehicle market were researched for growth prospects and future business outlooks Secondary data was collected from official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the Electric Vehicle industry along with paid and free databases. All the information that has been acquired has been verified, evaluated, and presented in list form in order to give a coherent and understandable picture of the Electric Vehicle market.

Electric Vehicle Market Segmentation

The market is divided into three types: BEV, PHEV, and HEV. The BEV category had the biggest revenue share of about 75% in 2020, and it is anticipated that this dominance would persist throughout the forecast period. The high revenue share is partially attributable to end consumers’ growing environmental consciousness and the advantages of BEVs. The PHEV segment is anticipated to have revenue growth between 2021 and 2028 at a CAGR of more than 40%. Government initiatives to encourage the use of electric vehicles in the US and Canada can be blamed for this rise. PHEVs are more likely to be offered by larger automotive markets, such those for electric trucks and buses.

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Electric Vehicle Market Key Players

• Mercedes Benz
• Bollinger
• Bollore
• Microlino
• Mistubishi
• Nissan
• Tesla
• Volkswagen.
• Alstom‎
• PSA Group‎
• General Motors
• Lucid Motors
• Rivian Vehicles
• National Motor Vehicle Company
• Nikola Corporation

Electric Vehicle Market Regional Insights

The country wise insights help in planning the Electric Vehicle market strategies which are suitable and appropriately applicable according to specific countries and regions. The key regions studied are North & South America, Asia Pacific, Europe and Middle East Africa

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Table of Content:

1. US Electric Vehicle Market : Research Methodology
2. US Electric Vehicle Market: Executive Summary
2.1. Market Overview and Definitions
2.1.1. Introduction to US Electric Vehicle Market
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
3. US Electric Vehicle Market: Competitive Analysis
3.1. MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2. Consolidation in the Market
3.2.1 M&A by region
3.3. Key Developments by Companies
3.4. Market Drivers
3.5. Market Restraints
3.6. Market Opportunities
3.7. Market Challenges
3.8. Market Dynamics
3.9. PORTERS Five Forces Analysis
3.10. PESTLE
3.11. Regulatory Landscape
3.12. COVID-17.6 Impact

Key questions answered in the Electric Vehicle Market are:

  • What is the expected Electric Vehicle Market size by the end of the forecast period?
  • What are the global trends in the Electric Vehicle Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for Electric Vehicle Market?
  • How is the intervention from regulatory authority is shaping the Electric Vehicle Market?
  • What growth strategies are the players considering to increase their presence in Electric Vehicle Market?
  • Who held the largest market share in Electric Vehicle Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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