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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
United States Electric Vehicle Market Size
The United States electric vehicle market would likely grow at a CAGR of 24.6% during 2024-2032.
Market Likely to be Driven by Advancements in Technology and Need for Cleaner Transportation Systems
Electric vehicles comprise a relatively small portion of the total automotive market. However, electric vehicles are becoming increasingly popular with growing range, style and performance of modern electric vehicles. This growing popularity is expected to boost the United States electric vehicle market. Automakers are striving to make recharging easier and quicker. Customers seeking zero-emission driving have more options to choose from, with a broader variety of body styles and many price points.
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.*
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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.
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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