Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
United States Electric Vehicle Market Growth
A Variety of Popular Vehicle Brands Expected to Boost Market Growth
Popular electric vehicle brands in the US include GMC Hummer EV — 47 MPGe, Rivian R1S — 69 MPGe, Rivian R1T — 70 MPGe, Porsche Taycan Cross Turismo — 76 MPGe, Jaguar I-Pace — 76 MPGe, Audi e-tron Sportback — 77 MPGe, Audi e-tron — 78 MPGe, Porsche Taycan — 79 MPGe, Audi e-tron GT — 82 MPGe, Volvo XC40 Recharge — 85 MPGe, Volvo C40 Recharge — 87 MPGe, Mazda MX-30 — 92 MPGe, Mercedes EQS — 97 MPGe, Volkswagen ID.4 — 99 MPGe, Ford Mustang Mach-E — 101 MPGe, Tesla Model X — 102 MPGe, Polestar 2 — 107 MPGe, Mini Cooper SE Electric — 110 MPGe, Nissan Leaf — 111 MPGe, Kia Niro EV — 112 MPGe, Hyundai Ioniq 5 — 114 MPGe, Chevrolet Bolt EUV — 115 MPGe, Kia EV6 — 117 MPGe, Chevrolet Bolt EV — 120 MPGe (tie), Hyundai Kona Electric — 120 MPGe (tie), Tesla Model S — 120 MPGe (tie), Tesla Model Y — 122 MPGe, and Lucid Air — 131 MPGe. These offerings are expected to drive the United States electric vehicle market.
Initiatives to Promote Green Transportation Systems Expected to Drive Market Growth
The Inflation Reduction Act (IRA) is an important climate legislation in the US. IRA’s investments in climate and clean energy could significantly decrease U.S. greenhouse gas (GHG) emissions.
Transportation is the nation’s biggest source of GHG emissions, and electric vehicles are considered the quickest way to reverse that trend.
IRA seeks to lay the foundation for a more equitable, sustainable, and secure transportation future. Investments in a diverse international electric vehicle supply chain would expectedly decrease battery costs and promote clean transportation.
United States Electric Vehicle Market Report Snapshots
United States Electric Vehicle Market Size
United States Electric Vehicle Market Growth
United States Electric Vehicle Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 24.6% in the forecast period of between 2025 and 2034.
The major drivers of the market include the rapid transition towards cleaner powered transportation systems, growing awareness pertaining to the eco-friendly properties of electric vehicles, and increasing spending of car owners towards maintenance of traditional cars.
The growing research and development activities by the major automotive manufacturers in the country aimed towards improving the quality of the modern EVs and rising popularity of luxury electric vehicles, are the key trends in the market.
BEV, PHEV, and FCEV are the various types of electric vehicles in the market.
Mid-priced and luxury are the different vehicle class categories available in the market.
The major players in the United States electric vehicle market are Tesla, Inc, FCA Italy S.p.A (Fiat), BMW AG, Volkswagen Group, Hyundai Motor Company, AB Volvo, Mercedes-Benz Group AG, Ford Motor Company, Toyota Motor Corporation, General Motors, and Renault-Nissan-Mitsubishi, among others.
The cost to charge the battery of an electric vehicle may range from USD 15 to 30.
Yes, electric vehicles can be fully air conditioned.
Purchase Full Report
Datasheet
- Selected Sections, One User
- Printing Not Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Single User License
One User
- All Sections, One User
- One Print Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
Five Users
- All Sections, Five Users
- Five Prints Allowed
- Email Delivery in PDF
- Free Limited Customisation
- Post Sales Analyst Support
50% Discount on Next Update
Corporate License
Unlimited Users
- All Sections, Unlimited Users
- Unlimited Prints Allowed
- Email Delivery in PDF + Excel
- Free Limited Customisation
- Post Sales Analyst Support
- 50% Discount on Next Update
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Strategic Solutions for Informed Decision-Making
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
- Our Insights Store:
-
Industry Statistics
-
Procurement Insights
-
Consumer Insights
Our Offices
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124