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U.S. Electric Vehicle (EV) Market Share

Report ID: GMI6444
Published Date: Aug 2023
Report Format: PDF

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U.S. Electric Vehicle Market Share

Major companies operating in the U.S. electric vehicle market are:

General Motors
Audi
Kia Corporation
Renault Group
Ford Motor Company
Nissan
Volkswagen
BMW
Mercedes
Stellantis
Honda Motor
Hyundai
Tesla
Rivians
Daimler Truck AG
Isuzu Commercial Truck of America, Inc.
Paccar
AB Volvo
Giant Trek Bicycle Corporation
Scott Sports SA
Alta Cycling Group
Electric Bike Company
Rad Power Bikes Inc

. These major companies are emphasizing strategic partnerships, launching new products, and making significant investments in research to drive market expansion. Their primary goal is to introduce innovative products and generate substantial market revenue through effective commercialization efforts.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for electric vehicle on U.S. reached USD 49.1 billion in 2022 and will record over 15.5% CAGR from 2023 to 2032, due to the rising awareness of environmental pollution and the surging need for efficient & eco-friendly vehicles worldwide.

The passenger cars vehicle type segment held over 84% of the U.S. electric vehicle industry share in 2022, driven by the ever-increasing demand for faster, more efficient, and more reliable vehicles.

California electric vehicle industry crossed USD 18.2 billion in revenue in 2022 and will see expansion through 2032, due to the strong presence of cultural & technological hubs in the region.

Some of the major companies operating in the U.S. electric vehicle market include General Motors, Audi, Kia Corporation, Renault Group, Ford Motor Company, Nissan, Volkswagen, BMW, Mercedes, Stellantis, Honda Motor, Hyundai, Tesla, Rivians, Daimler Truck AG., Isuzu Commercial Truck of America, Inc., and Paccar.