+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

US Electric Vehicle Market (2023-2028) by Vehicle Type, Propulsion Type, Vehicle Class, Top Speed, Vehicle Drive Type, Charging Type, Competitive Analysis, Impact of Covid-19, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis

  • PDF Icon

    Report

  • 133 Pages
  • January 2023
  • Region: United States
  • Infogence Global Research
  • ID: 5567039

General Motors has pledged to halt production of gasoline-powered SUVs, Vans, and Passenger Car by 2035, promising a future of Electric Cars in America

US Electric Vehicle Market is estimated to be USD 24.76 Bn in 2023 and is expected to reach USD 42.9 Bn by 2028, growing at a CAGR of 11.62%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

US Electric Vehicle Market is segmented based on Vehicle Type, Propulsion Type, Vehicle Class, Top Speed, Vehicle Drive Type, Charging Type
  • By Vehicle Type, the market is classified into Two-Wheeler, Passenger Car, and Commercial.
  • By Propulsion Type, the market is classified into Vehicle , Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), and Fuel Cell Electric Vehicle (FCVE).
  • By Vehicle Class, the market is classified into Mid-Priced and Luxury.
  • By Top Speed, the market is classified into Less than 100 MPH, 100 to 125 MPH, and More than 125 MPH.
  • By Vehicle Drive Type, the market is classified into Front Wheel Drive, Rear Wheel Drive, and All Wheel Drive.
  • By Charging Type, the market is classified into Super Charging and Inductive Charging.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are, Cenntro Electric Group, Faraday & Future Inc., Fisker Inc., Ford Motor Co., Honda Motor Co. Ltd., Hyliion Inc., etc.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the US Electric Vehicle Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the US Electric Vehicle Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the US Electric Vehicle Market . The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders

2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study

3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook

4 Market Dynamics
4.1 Drivers
4.1.1 Favorable Regulatory Frameworks and Additional Incentives to Safeguard EV Sales
4.1.2 Surge in Electric Car Registrations
4.1.3 Rising Prices of Petroleum
4.2 Restraints
4.2.1 High Upfront Cost and Charging Infrastructure
4.2.2 Long Time for Charging and Lower Vehicle Range
4.2.3 Lithium Prices Jump
4.3 Opportunities
4.3.1 Development in Heavy Duty Vehicles
4.3.2 Research and Development in Electric Vehicles
4.4 Challenges
4.4.1 Limited Battery Capacity and Concerns Over Battery Safety
4.4.2 Lack of Charging Infrastructure
4.4.3 Reduction in Subsidies

5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of COVID-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis

6 US’ Electric Vehicle Market, By Vehicle Type
6.1 Introduction
6.2 Two-Wheeler
6.3 Passenger Car
6.4 Commercial Vehicle

7 US’ Electric Vehicle Market, By Propulsion Type
7.1 Introduction
7.2 Battery Electric Vehicle (BEV)
7.3 Plug-In Hybrid Electric Vehicle (PHEV)
7.4 Fuel Cell Electric Vehicle (FCVE)

8 US’ Electric Vehicle Market, By Vehicle Class
8.1 Introduction
8.2 Mid-Priced
8.3 Luxury

9 US’ Electric Vehicle Market, By Top Speed
9.1 Introduction
9.2 Less than 100 MPH
9.3 100 to 125 MPH
9.4 More than 125 MPH

10 US’ Electric Vehicle Market, By Vehicle Drive Type
10.1 Introduction
10.2 Front Wheel Drive
10.3 Rear Wheel Drive
10.4 All Wheel Drive

11 US’ Electric Vehicle Market, By Charging Type
11.1 Introduction
11.2 Super Charging
11.3 Inductive Charging

12 Competitive Landscape
12.1 Competitive Quadrant
12.2 Market Share Analysis
12.3 Strategic Initiatives
12.3.1 M&A and Investments
12.3.2 Partnerships and Collaborations
12.3.3 Product Developments and Improvements

13 Company Profiles
13.1 Arrival Ltd.
13.2 Canoo Technologies Inc.
13.3 Cenntro Electric Group
13.4 Faraday&Future Inc.
13.5 Fisker Inc.
13.6 Ford Motor Co.
13.7 Honda Motor Co., Ltd.
13.8 Hyliion Inc.
13.9 Hyzon Motors Inc.
13.10 Lightning eMotors
13.11 Lordstown Motors Corp.
13.12 Lucid Group, Inc.
13.13 Mullen Technologies, Inc.
13.14 Nikola Corp.
13.15 Nio Inc.
13.16 Phoenix Cars LLC
13.17 Proterra Inc.
13.18 Rivian Automotive, Inc.
13.19 Tesla, Inc
13.20 Tesla, Inc.
13.21 Waymo LLC

14 Appendix
14.1 Questionnaire

Companies Mentioned

  • Arrival Ltd.
  • Canoo Technologies Inc.
  • Cenntro Electric Group
  • Faraday&Future Inc.
  • Fisker Inc.
  • Ford Motor Co.
  • Honda Motor Co., Ltd.
  • Hyliion Inc.
  • Hyzon Motors Inc.
  • Lightning eMotors
  • Lordstown Motors Corp.
  • Lucid Group, Inc.
  • Mullen Technologies, Inc.
  • Nikola Corp.
  • Nio Inc.
  • Phoenix Cars LLC
  • Proterra Inc.
  • Rivian Automotive, Inc.
  • Tesla, Inc
  • Waymo LLC

Table Information