NEW YORK, June 24, 2021 /PRNewswire/ --
The electric vehicle (EV) market in the US is poised to grow by
1736.13 thousand units during 2021-2025, decelerating at
a CAGR of almost 45% during the forecast period. The report
offers an up-to-date analysis regarding the current market
scenario, the latest trends and drivers, and the overall market
environment.
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of
various industries, however, the immediate impact of the outbreak
is varied. While a few industries will register a drop in demand,
numerous others will continue to remain unscathed and show
promising growth opportunities. COVID-19 will have a low impact on
the electric vehicle (EV) market in the US.
Frequently Asked Questions:
- Based on segmentation by Type, which is the leading segment
in the market?
Based on the type, the market generated maximum revenue in
the All-electric/BEV segment in 2020.
- What are the major trends in the market?
Declining prices of lithium-ion batteries is the major trend in the
market.
- At what rate is the market projected to grow?
The market is projected to grow at a CAGR of almost 45% during
the forecast period.
- Who are the top players in the market?
BMW Group, Daimler AG, Ford Motor Co., General Motors Co., Honda
Motor Co. Ltd., Hyundai Motor Co., Renault SA, Tesla Inc., Toyota
Motor Corp., and Volkswagen AG are the top players in the
market.
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Electric Vehicle (EV) Market in US 2021-2025: Scope
Technavio presents a detailed picture of the market by the way
of study, synthesis, and summation of data from multiple sources.
The electric vehicle (EV) market in the US report covers the
following areas:
- Electric Vehicle (EV) Market in US Size
- Electric Vehicle (EV) Market in US Trends
- Electric Vehicle (EV) Market in US Industry Analysis
The market is concentrated, and the degree of concentration will
decelerate during the forecast period. Although government
subsidies and incentives will offer immense growth opportunities,
the high upfront cost of electric trucks is likely to pose a
challenge for the market vendors. In a bid to help players
strengthen their market foothold, this electric vehicle (EV) market
forecast report provides a detailed analysis of the leading market
vendors. The report also empowers industry honchos with information
on the competitive landscape and insights into the different
product offerings offered by various companies.
Technavio's custom research reports offer detailed
insights on the impact of COVID-19 at an industry level, a regional
level, and subsequent supply chain operations. This customized
report will also help clients keep up with new product launches in
direct & indirect COVID-19 related markets, upcoming vaccines
and pipeline analysis, and significant developments in vendor
operations and government regulations.
Electric Vehicle (EV) Market in US 2021-2025:
Segmentation
Electric Vehicle (EV) Market in US is segmented as below:
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Electric Vehicle (EV) Market in US 2021-2025: Key
Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist the electric
vehicle (EV) market growth in the US during the next five
years
- Estimation of the electric vehicle (EV) market size in the US
and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer
behavior
- The growth of the electric vehicle (EV) market across the
US
- Analysis of the market's competitive landscape and detailed
information on vendors
- Comprehensive details of factors that will challenge the growth
of the electric vehicle (EV) market vendors in the US
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Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- All-electric/BEV - Market size and forecast 2020-2025
- PHEV - Market size and forecast 2020-2025
- Market opportunity by Type
Customer landscape
- Customer Landscape
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- BMW Group
- Daimler AG
- Ford Motor Co.
- General Motors Co.
- Honda Motor Co. Ltd.
- Hyundai Motor Co.
- Renault SA
- Tesla Inc.
- Toyota Motor Corp.
- Volkswagen AG
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
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UK: +44 203 893 3200
Email: media@technavio.com
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