The electric vehicle and charging infrastructure market in United States is expected to grow by 14.3% on annual basis to reach US$63.84 billion in 2025.
The electric vehicle and charging infrastructure market in the country has experienced robust growth during 2020-2024, achieving a CAGR of 17.8%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 11.6% during 2025-2029. By the end of 2029, the electric vehicle and charging infrastructure market is projected to expand from its 2024 value of USD 55.86 billion to approximately USD 99.06 billion.
The U.S. EV market is evolving through updated policy measures, a systematic expansion of charging infrastructure, and strategic consumer and fleet management shifts.
Over the next 2-4 years, these trends are expected to reinforce one another, establishing a more robust and efficient environment for electric mobility in the United States.
It breaks down market opportunities by total vehicle and electric vehicle, drive type, car segment and cars' sub-segment, vehicle class, powertrain, distance range, charging type, propulsion type, vehicle connectivity, vehicle type, and cities. In addition, it provides a snapshot across electric vehicle charging infrastructure, and, charging stations.
The report also segments the market by type of charging infrastructure by charging type, infrastructure by number of installation types, number of charging infrastructure by location, number of charging infrastructure by charging speed, number of charging infrastructure by vehicle, number of charging infrastructure type ac, number of charging infrastructure by type, number of charging infrastructure by connectivity offering insights into end user trends. KPIs in value terms help in gaining an in-depth understanding of end-market dynamics.
The research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view of emerging business and investment market opportunities.
The electric vehicle and charging infrastructure market in the country has experienced robust growth during 2020-2024, achieving a CAGR of 17.8%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 11.6% during 2025-2029. By the end of 2029, the electric vehicle and charging infrastructure market is projected to expand from its 2024 value of USD 55.86 billion to approximately USD 99.06 billion.
The U.S. EV market is evolving through updated policy measures, a systematic expansion of charging infrastructure, and strategic consumer and fleet management shifts.
Over the next 2-4 years, these trends are expected to reinforce one another, establishing a more robust and efficient environment for electric mobility in the United States.
Implement Government Policies and Incentives
- U.S. federal and state governments have introduced new policies and incentive programs to accelerate the adoption of EVs. Examples include updated tax credits and emission standards in states such as California and New York.
- National commitments to reduce greenhouse gas emissions and the shift toward renewable energy are driving policy changes.
- Broader industry trends in retail and ecommerce, where digital payment systems and operational efficiency are priorities, support the shift to cleaner mobility solutions.
- As these incentives become more established, gradual uptake among private consumers and commercial fleets is expected to intensify, provided supporting infrastructure keeps pace.
- No reports of EV-specific apps or digital platforms being banned in the United States.
Advance Charging Infrastructure and Battery Innovations
- A coordinated effort to expand public charging networks is underway, with rapid charging hubs deployed along major highways and urban corridors.
- Investments from public-private partnerships and technological advances in battery management support the rollout of charging stations.
- The success of integrated digital payment solutions in retail and ecommerce informs similar efforts in the EV space.
- Enhanced charging infrastructure is expected to reduce range concerns and stimulate further market penetration of EVs, especially in densely populated regions.
Adopt Consumer and Fleet Electrification Strategies
- Both individual vehicle owners and commercial fleet operators are reassessing the total cost of ownership, with early adoption observed in ride-hailing services and last-mile delivery operations.
- Rising fuel costs, tightening emission regulations, and operational cost assessments drive the shift toward EVs.
- Insights from ecommerce and retail sectors, where digital tools and cost management are integral, influence fleet electrification strategies.
- As cost benefits become clearer and infrastructure expands, adoption among consumer and commercial segments is projected to grow steadily.
Competitive Landscape for the United States EV Market
The current competitive environment in the United States EV market features a mix of established brands and innovative new entrants, supported by evolving payment systems and strategic collaborations. Market integration and consolidation will likely drive competitive intensity over the next 2-4 years, contributing to a more efficient and standardized EV ecosystem nationwide.Implement Prepaid Card Solutions for Charging Payments
- Several charging network operators are piloting prepaid card systems to simplify transactions at charging stations.
- These solutions are being integrated with widely used digital wallets and payment platforms, mirroring innovations in the retail and ecommerce sectors.
Key Players and New Entrants
- Established automakers such as General Motors and Ford, alongside global brands like Tesla, maintain significant positions in the U.S. EV market.
- New entrants, including technology startups and companies focusing on niche areas such as two-wheeler electrification and fleet management, are emerging to broaden market offerings.
- The United States electric vehicle market is set to become more integrated over the next two to four years, with companies expanding their portfolios to include not just vehicle sales but also comprehensive charging infrastructure and digital payment integration. This convergence of services is designed to offer consumers a seamless and efficient mobility experience, addressing both the convenience and sustainability demands of modern transportation. By aligning vehicle offerings with cutting-edge technology, firms are positioning themselves to capitalize on the growing trend towards connected mobility solutions.
- At the same time, increased strategic partnerships and consolidation efforts are anticipated to intensify competition and drive standardization across the sector. Collaborative ventures, including mergers and alliances, will likely streamline operations, leading to improved operational efficiency and consistent service quality. This evolving competitive dynamic is expected to foster innovation, reduce costs, and ultimately create a more resilient and consumer-friendly electric vehicle ecosystem in the United States.
It breaks down market opportunities by total vehicle and electric vehicle, drive type, car segment and cars' sub-segment, vehicle class, powertrain, distance range, charging type, propulsion type, vehicle connectivity, vehicle type, and cities. In addition, it provides a snapshot across electric vehicle charging infrastructure, and, charging stations.
The report also segments the market by type of charging infrastructure by charging type, infrastructure by number of installation types, number of charging infrastructure by location, number of charging infrastructure by charging speed, number of charging infrastructure by vehicle, number of charging infrastructure type ac, number of charging infrastructure by type, number of charging infrastructure by connectivity offering insights into end user trends. KPIs in value terms help in gaining an in-depth understanding of end-market dynamics.
The research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view of emerging business and investment market opportunities.
Scope
This report provides in-depth data-centric analysis of electric vehicle and charging infrastructure Market in United States through 67 tables and 87 charts. Below is a summary of key market segments:United States Overall Vehicle Market Size and Future Growth Dynamics
- Market Size by Value
- Market Size by Volume
United States Electric Vehicle Market Size and Forecast
- Market Size by Value
- Market Size by Volume
United States Electric Vehicle Market Volume by Drive Segment
- Front Wheel Drive
- Rear Wheel Drive
- All-Wheel Drive
United States Electric Vehicle Market Value by Car Segment
- Passenger Car
- Commercial Vehicle
United States Electric Vehicle Market Value by Passenger Car Segment
- Small Car
- Medium Car
- Crossover Car
- Large Car
- SUV
United States Electric Vehicle Market Value by Commercial Vehicle Segment
- Light Duty Vehicle (Class 1-Class 3)
- Medium Duty Vehicle (Class 4-Class 6)
- Heavy Duty Vehicle (Class 7-Class 8)
United States Electric Vehicle Market Value by Vehicle Class
- Low-Priced
- Mid-Priced
- Luxury Class
United States Electric Vehicle Market Value by Powertrain
- Parallel Hybrid
- Series Hybrid
- Combined Hybrid
United States Electric Vehicle Market Value by Distance Range
- Up to 150 Miles
- 151-300 Miles
- Above 300 Miles
United States Electric Vehicle Market Value by Charging Type
- Normal Charging
- Super Charging
United States Electric Vehicle Market Value by Propulsion Type
- Plug-In Hybrid Electric Vehicles (PHEVs)
- Battery Electric Vehicles (BEVs)
- Hybrid Electric Vehicles (HEVs)
- Fuel Cell Electric Vehicles (FCEVs)
United States Electric Vehicle Market Value by Vehicle Connectivity
- Electric Vehicle to Building, (V2B or V2H)
- Electric Vehicle to Grid, (V2G)
- Electric Vehicle to Vehicle, (V2V)
- Electric Vehicle to Everything (V2X)
United States Electric Vehicle Market Value by Cities
- Tier 1 Cities
- Tier 2 Cities
- Tier 3 Cities
United States Electric Vehicle Infrastructure Market Value
United States Electric Vehicle Infrastructure Market Volume
- Number of Charging Infrastructure
- Number of Charging Stations
United States Electric Vehicle - Number of Charging Infrastructure by Charging Type
- Alternating Current (AC)
- Direct Current (DC)
United States Electric Vehicle Infrastructure by Number of Installation Types
- Fixed Installation Type
- Portable Installation Type
United States Electric Vehicle - Number of Charging Infrastructure by Location
- Residential and Destination
- Streets
- Workplaces
- Fleet depots
United States Electric Vehicle - Number of Charging Infrastructure by Charging Speed
- Slow
- Fast
- Rapid
- Ultrarapid
United States Electric Vehicle - Number of Charging Infrastructure by Vehicle
- Passenger Cars
- Buses
- Trucks
- Light Commercial Vehicles
United States Electric Vehicle - Number of Charging Infrastructure Type AC
- Level 1
- Level 2
United States Electric Vehicle - Number of Charging Infrastructure by Type
- CSS
- CHAdeMO
- GB/T
- Other
United States Electric Vehicle - Number of Charging Infrastructure by Connectivity
- Smart Charging Station
- Non-Connected Charging Station
Reasons to buy
The report provides a comprehensive overview of the United States's electric vehicle market and infrastructure, covering the following key aspects:- United States's market size by value and volume: This report provides detailed market size and forecast data for electric vehicles by value and volume. This data is essential for understanding the current and future potential of the market.
- United States's detailed EV market opportunity: This report segments the electric vehicle market by drive segment, car segment, commercial vehicle segment, passenger car segment, commercial vehicle segment, vehicle class, powertrain, distance range, charging type, propulsion type, vehicle type, and cities. This segmentation provides a granular view of the market and helps to identify key growth areas.
- United States's EV infrastructure: This report also provides a comprehensive overview of the electric vehicle infrastructure market, including market size and forecast data, along with detailed market segmentation. This information is essential for businesses that are looking to invest in the electric vehicle infrastructure market.
- United States's EV market risk assessment: Granular segment level information helps in identifying new business opportunities and risks in the electric vehicle and infrastructure market.
Table of Contents
1 About this Report
2 United States Total Vehicle Market Size and Forecast
3 United States Total Electric Vehicle Market Size and Forecast
4 United States Electric Vehicle Market Size and Forecast Value Trend Analysis by Vehicle Drive Type
5 United States Electric Vehicle Market Size and Forecast by Vehicle Type
6 United States Electric Vehicle Market Size and Forecast by Passenger Car
7 United States Electric Vehicle Market Size and Forecast by Commercial Vehicle
8 United States Electric Vehicle Market Size and Forecast by Vehicle Class
9 United States Electric Vehicle Market Size and Forecast by PowerTrain
10 United States Electric Vehicle Market Size and Forecast by Distance Range
11 United States Electric Vehicle Market Size and Forecast by Charging Type
12 United States Electric Vehicle Market Size and Forecast by Propulsion Type
13 United States Electric Vehicle Market Size and Forecast by Vehicle Connectivity
14 United States Electric Vehicle Market Size and Forecast by City Type
15 United States Electric Vehicle Charging Infrastructure Market Size and Forecast
16 United States Electric Vehicle Infrastructure by Number of Charging Types
17 United States Electric Vehicle Infrastructure by Number of Installation Types
18 United States Electric Vehicle Infrastructure by Charging Infrastructure Locations
19 United States Electric Vehicle Infrastructure by Number of Charging Speed
20 United States Electric Vehicle - Number of Charging Infrastructure by Vehicle Type
21 United States Electric Vehicle - Number of Charging Infrastructure Type AC
22 United States Electric Vehicle - Number of Charging Infrastructure Type
23 United States Electric Vehicle- Number of Charging Infrastructure by Connectivity
24 Further Reading
List of Figures
List of Tables
