A summary of the US Electric Vehicle Market

US Electric Vehicle Market Research Report includes a detailed analysis of the current state of the industry. The US Electric Vehicle Market analysis provides on the present market scenario, prior market performance, production and consumption rates, demand and supply ratios, and income generation forecasts.

Analysis and Development of the US Electric Vehicle Market:

 The US Electric Vehicle Market size was valued at USD 38.18 Billion in 2023 and the total Anime revenue is expected to grow at a CAGR of 25.4% from 2024 to 2030, reaching nearly USD 233.46 Billion by 2030.

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US Electric Vehicle Market Dynamics

The rising popularity of electric vehicles is one of several factors driving the growth of the US electric vehicle market. Concerns about the environment, more options for vehicles, higher battery capacity, and cost savings have all contributed to a surge in consumer demand. Protecting the environment is a major reason for prospective EV customers, according to MMR research surveys, which reflects a larger cultural shift towards sustainability. Over the past ten years, the number of electric vehicles (EVs) on American roads has increased dramatically from 22,000 to over 2 million, demonstrating the growing consumer acceptability of EVs.

Trade Analysis of the US Electric Vehicle Market

The Cars industry presented the United States with a difficult trading position in September 2023. With imports reaching $17.9 billion and exports totaling $5.52 billion, there was a significant trade deficit of $12.4 billion. When comparing September 2022 and September 2023, auto exports increased by 9.75% to $5.52 billion, while imports significantly increased by 35.5% to $17.9 billion. In September 2023, the US Electric Vehicle Market exported notable goods to Canada, Germany, Mexico, the United Arab Emirates, and China, with Canada topping the list with $1.33 billion in sales. On the other hand, Mexico led the way with $4.28 billion in car imports, followed by Japan, Canada, South Korea, and Germany.

US Electric Vehicle Market Report Scope and Research Methodology

The analysis of the US Electric Vehicle market has been conducted on a global, regional, and country level. The report offers a detailed exploration of the US Electric Vehicle market dynamics, encompassing drivers, restraints, challenges, and opportunities, segmented by region and category. This extensive coverage makes the report a valuable resource for investors.

To estimate the US Electric Vehicle market size, a bottom-up approach has been employed. Secondary research involved reviewing annual and financial reports of prominent manufacturers, while primary research comprised interviews with influential opinion leaders and experts from the US Electric Vehicle industry, such as skilled frontline personnel, entrepreneurs, and marketing professionals. The SWOT analysis was utilized to present the strengths, weaknesses, opportunities, and threats posed by key players in the US Electric Vehicle industry.

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US Electric Vehicle Market Regional Insights

The report's regional analysis aids in comprehending the US Electric Vehicle market across diverse countries by examining various influencing factors such as political climate, geography, and consumer buying behavior. This comprehensive approach sheds light on the multifaceted impact on the US Electric Vehicle market. The report offers a thorough elucidation of all these factors, encompassing market size, growth rate, as well as import and export dynamics within each region.

US Electric Vehicle Market Segmentation

by Type

BEV
PHEV
HEV

by Vehicle Type

Two-wheeler
Passenger car
Commercial vehicle

US Electric Vehicle Key Players

1. BMW
2. Mercedes Benz
3. Bollinger
4. Bollore
5. Microlino
6. Mistubishi
7. Nissan
8. Tesla
9. Volkswagen.
10. Alstom‎Mitsubishi
11. PSA Group‎
12. General Motors
13. Lucid Motors
14. Rivian Vehicles
15. National Motor Vehicle Company
16. Nikola Corporation

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Key Questions answered in the US Electric Vehicle Market Report are:

• What is US Electric Vehicle?
• What are the US Electric Vehicle market segments?
• Which segment held the largest US Electric Vehicle market share in 2022?
• Which segment is expected to grow at a high CAGR during the forecast period?
• Which US Electric Vehicle market segment is expected to grow at a high rate during the forecast period?

Key Offerings:

• Past Market Size and Competitive Landscape
• Past Pricing and price curve by region
• 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 segments 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

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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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