North America Electric Vehicle MarketPosted by Rupali Dagade on January 3rd, 2021 North America Electric Vehicle Market is expected to reach USD XX Billion by 2027 from USD XX Billion in 2019 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report). The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region. An electric vehicle or an electric drive vehicle is the vehicle type that uses one or more than one electric motors for propulsion. Based on the vehicle, motion can be provided by wheels or propellers that are driven by rotary motors or linear motors. An electric car uses electric motors and controllers for propulsion instead of the internal combustion engine. Electricity is used as the transportation fuel for powering battery operated electric vehicles where electricity powers the vehicle's wheels using an electric motor. Electric vehicles have limited storage capacity of energy that can be replenished by plugging in an electrical source. Energy generated is transmitted in the vehicle using overhead lines, inductive charging, or through an electrical cable. Vehicles using engines working on the principle of combustion may derive their energy from single or different non-renewable fossil fuels. A major advantage of electric or hybrid vehicles would be their ability to recover braking energy. Here electricity is restored to the onboard battery or may get sent back to the grid. north America electric vehicle market has been segmented on the basis of type, vehicle type, and geography. Based on the type, the market has been segmented into battery, hybrid, and plug-in hybrid electric vehicle. Battery electric vehicle or BEV formed the largest segment with factors such as higher investment from manufacturing companies for development of pollution repellant vehicles acted as a major driver for this segment and market as a whole. Moreover, the rise in government grants to improve market demand for energy sustainable vehicles along with various subsidies available related to electric vehicles have formed another major driver for overall market growth. Considering the vehicle type segment, it is passenger cars that dominated with largest market share. Other segments namely two wheels and commercial vehicles followed passenger cars in terms of revenue share. Higher demand for faster cars that are fuel efficient as well as use non-renewable energy that has resulted in passenger cars holding a larger segment of the electric vehicle market. North America, geographically has been divided into US and Canada with the US holding the largest market share. There has been a surge in the demand for electric vehicles as a government is giving subsidies and also pushing the availability of energy efficient vehicles. All these factors have together helped in the growth of the electric vehicles in North America. Key Highlights: • North America Electric Vehicle Market size analysis and forecast Years that have been considered for the study are as follows: • Base Year – 2018 For company profiles, 2018 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered. Research Methodology: Bloomberg, Hoovers, and Factiva are some of the paid databases referred in order to gain insights about the North America Electric Vehicle Market. Opinions from experts along with other stakeholders from major market players have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate regional and country-wise size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the North America Electric Vehicle Market globally. • Telsa Key Target Audience: • Electric Vehicles and related devices manufacturers For more information visit@ https://www.maximizemarketresearch.com/market-report/north-america-electric-vehicle-market/1711/ The scope of the North America Electric Vehicle Market: The research report segments North America Electric Vehicle market based on type, vehicle type, and geography. • Battery Electric Vehicle • Two Wheeler • North America Geographic Analysis: • Breakdown of the US Electric Vehicle market Available Customization: Maximize Market Research offers customization of reports according to the specific requirement of our clients This report submitted by Maximize market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact info: Name: Lumawant Godage Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD. Email: sales@maximizemarketresearch.com Address: Omkar Heights, Sinhagad Road, Manik Baug, Vadgaon Bk,Pune, Maharashtra 411051, India. Contact: +919607195908 Like it? Share it! More by this author |