North America Electric Vehicle Market by Vehicle Type (Passenger Car, Commercial Vehicle), by Propulsion Type (Battery Electric Vehicle (BEV), by Drive Type (All Wheel Drive, Front Wheel Drive, Rear Wheel Drive), by Range (Up to 150 Miles, 151-300 Miles, Above 300 Miles), by Component (Battery Pack & High Voltage Component, Motor, Brake, Wheel & Suspension, Body & Chassis, Low Voltage Electric Component), by Forecast 2024-2032
The North America Electric Vehicle Market size was valued at USD 62.73 USD Billion in 2023 and is projected to reach USD 178.36 USD Billion by 2032, exhibiting a CAGR of 16.1 % during the forecast period. An electric vehicle defined as the vehicle can be generated by electric motor which is draws for electricity from battery. There are the several types of electric vehicles such as, battery electric vehicle, hybrid electric vehicle, fuel cell electric vehicle.Rather than having batteries that are powered by either gas or diesel, electric vehicles get their power from electricity. Electric vehicles which run on electricity have several benefits such as running at lower expenses, incurring fewer maintenance fees, not emitting anything through the exhaust system and so forth. This has made many people want them because they have both financial incentives & taxes. The increase in awareness on matters concerning environment conservation has driven most people within North America into buying electric cars due to rising concerns on air pollution and would be the same factors that have pushed people in USA into adopting this technology. It could be these factors fuelling the growth of North America Electric Vehicle Market: Sooner or later the percentage will increase enough that this trend becomes irreversible. Electric SUVs and pickup trucks are also among the other varied preferences from different people who are attracted by having a wider variety of EV models available.
Vehicle Type:
Propulsion Type:
Drive Type:
Range:
Component:
Regional Insight
Pricing Strategies
DROCs
Segmentation
Swot Analysis
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 16.1% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 16.1% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
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