Hybrid & Electric Cars in the United States

Hybrid & Electric Cars in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

Hybrid & electric cars market includes the initial retail sale/registration of new electric and hybrid passenger cars. Passenger cars include saloons/sedans, hatchbacks, SUVs, 4x4s, and other related vehicles. Market value is calculated at the retail selling price (RSP) and the market volume is given in terms of units sold.
The US hybrid & electric cars market recorded revenues of $157.89 billion in 2024, representing a compound annual growth rate (CAGR) of 33.3% between 2019 and 2024.
Market consumption volume increased with a CAGR of 35.3% between 2019 and 2024, reaching a total of 3,233,559.0 units in 2024.
The growth of the hybrid & electric cars market in 2024 was driven by high fuel prices. According to the American Automobile Association (AAA), in 2024, the gasoline price in California increased by 7.9% as compared to 2023, influenced by stringent environmental regulations, high state gasoline taxes, and unique fuel blend requirements.

Scope

Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the hybrid & electric cars market in the United States
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hybrid & electric cars market in the United States
Leading company profiles reveal details of key hybrid & electric cars market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the United States hybrid & electric cars market with five year forecasts

Reasons to Buy

What was the size of the United States hybrid & electric cars market by value in 2024?
What will be the size of the United States hybrid & electric cars market in 2029?
What factors are affecting the strength of competition in the United States hybrid & electric cars market?
How has the market performed over the last five years?
What are the main segments that make up the United States's hybrid & electric cars market?

1 Executive Summary

1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape

2 Market Overview

2.1. Market definition
2.2. Market analysis

3 Market Data

3.1. Market value
3.2. Market volume

4 Market Segmentation

4.1. Category segmentation
4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast
5.2. Market volume forecast

6 Five Forces Analysis

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 Competitive Landscape

7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the most recent market developments?

8 Company Profiles

8.1. Tesla Inc
8.2. Toyota Motor Corp
8.3. Ford Motor Co
8.4. General Motors Co

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher

List of Tables

Table 1: United States hybrid & electric cars market value: $ million, 2019-24
Table 2: United States hybrid & electric cars market volume: Units, 2019-24
Table 3: United States hybrid & electric cars market category segmentation: % share, by value, 2019-24
Table 4: United States hybrid & electric cars market category segmentation: $ million, 2019-24
Table 5: United States hybrid & electric cars market geography segmentation: $ million, 2024
Table 6: United States hybrid & electric cars market value forecast: $ million, 2024-29
Table 7: United States hybrid & electric cars market volume forecast: Units, 2024-29
Table 8: Tesla Inc: Key Facts
Table 9: Tesla Inc: Annual Financial Ratios
Table 10: Tesla Inc: Key Employees
Table 11: Toyota Motor Corp: Key Facts
Table 12: Toyota Motor Corp: Annual Financial Ratios
Table 13: Toyota Motor Corp: Key Employees
Table 14: Toyota Motor Corp: Key Employees Continued
Table 15: Ford Motor Co: Key Facts
Table 16: Ford Motor Co: Annual Financial Ratios
Table 17: Ford Motor Co: Key Employees
Table 18: Ford Motor Co: Key Employees Continued
Table 19: Ford Motor Co: Key Employees Continued
Table 20: Ford Motor Co: Key Employees Continued
Table 21: General Motors Co: Key Facts
Table 22: General Motors Co: Annual Financial Ratios
Table 23: General Motors Co: Key Employees
Table 24: General Motors Co: Key Employees Continued
Table 25: United States Size of Population (Million), 2020-24
Table 26: United States Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 27: United States GDP (Current Prices, $ Billion), 2020-24
Table 28: United States Inflation, 2020-24
Table 29: United States Consumer Price Index (Absolute), 2020-24
Table 30: United States Exchange Rate, 2019-24

List of Figures

Figure 1: United States hybrid & electric cars market value: $ million, 2019-24
Figure 2: United States hybrid & electric cars market volume: Units, 2019-24
Figure 3: United States hybrid & electric cars market category segmentation: $ million, 2019-24
Figure 4: United States hybrid & electric cars market geography segmentation: % share, by value, 2024
Figure 5: United States hybrid & electric cars market value forecast: $ million, 2024-29
Figure 6: United States hybrid & electric cars market volume forecast: Units, 2024-29
Figure 7: Forces driving competition in the hybrid & electric cars market in the United States, 2024
Figure 8: Drivers of buyer power in the hybrid & electric cars market in the United States, 2024
Figure 9: Drivers of supplier power in the hybrid & electric cars market in the United States, 2024
Figure 10: Factors influencing the likelihood of new entrants in the hybrid & electric cars market in the United States, 2024
Figure 11: Factors influencing the threat of substitutes in the hybrid & electric cars market in the United States, 2024
Figure 12: Drivers of degree of rivalry in the hybrid & electric cars market in the United States, 2024

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Tesla Inc
Toyota Motor Corp
Ford Motor Co
General Motors Co

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Key Highlights

Scope

Reasons to Buy

Table of Contents

Companies Mentioned (Partial List)

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