NORTH AMERICA ELECTRIC VEHICLE MARKET FORECAST 2020-2028

The North America electric vehicle market is projected to record growth, garnering a CAGR of 23.87% during the forecast period. There have been considerable development and adoption in terms of plug-in electric vehicles in the region. The adoption of electric vehicles is higher as compared to diesel and petrol engine-based vehicles, and this is one of the primary factors fueling the growth of the market. The policies and norms in terms of discount in tariff rates are proving to be beneficial for the consumers. North America Electric Vehicle Market

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The North America electric vehicle market growth is analyzed on the basis of market aspects of the United States and Canada. In the United States, the transportation sector accounts for three-fourths of the total petroleum consumption. The PHEVs and EVs are flexible in terms of fueling. The manufacturing and consumption graph of electric vehicles show considerable growth. The increasing focus and efforts from multinational brands like Ford and Tesla, low operational costs, and favorable norms & policies of the states and local governments, are the deciding factors of market growth in the country. The California government has announced initiatives like Zero Emission Vehicle Regulation, and also provide incentives with regard to electric vehicles. Also, the registration for electric vehicles in on the increase in the country.

General Motors Company designs, builds, and sells, automobile parts, cars, trucks, etc. The company operates through GM America, GM Europe, GM International Operations, GM Financial Segments, and GM South America. The company launched a flexible global platform and New Ultium Batteries in March 2020 for enhancing its EV portfolio.

TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. SCOPE OF STUDY
    3. METHODOLOGY
    4. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
  3. MARKET DYNAMICS
    1. DEVELOPMENT OF ELECTRIC VEHICLE
    2. BENEFITS & LIMITATIONS OF ELECTRIC VEHICLES
    3. MARKET DEFINITION
    4.    KEY DRIVERS
      1. DEGRADATION OF CLIMATE DUE TO TRANSPORTATION INDUSTRY
      2. EASY AVAILABILITY AND LOW COST OF LI-ON BATTERIES
      3. GOVERNMENT INITIATIVES ENCOURAGING THE USE OF ELECTRIC VEHICLES
      4. HIGH ALLOCATION EXPENDITURE TOWARDS RESEARCH AND INNOVATION
    5.    KEY RESTRAINTS
      1. POOR INFRASTRUCTURE FOR CHARGING OF ELECTRIC VEHICLES
      2. RELATIVELY HIGHER COST OF ELECTRIC VEHICLES
  4. KEY ANALYTICS
    1. KEY INVESTMENT INSIGHTS
    2.    PORTER’S FIVE FORCE ANALYSIS
      1. BUYER POWER
      2. SUPPLIER POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. OPPORTUNITY MATRIX
    4. VENDOR LANDSCAPE
    5.    VALUE CHAIN ANALYSIS
      1. DEMAND FORECAST AND RESEARCH & DEVELOPMENT
      2. PRODUCTION PROGRAMMING, SCHEDULING, AND SUPPLIERS SCHEDULING
      3. INBOUND LOGISTICS & PRODUCTION
      4. OUTBOUND LOGISTICS
      5. DEALERS/DISTRIBUTORS
      6. END USERS/CUSTOMERS
    6. KEY BUYING CRITERIA
    7. REGULATORY FRAMEWORK
  5. MARKET BY TECHNOLOGY
    1. BATTERY ELECTRIC VEHICLE
    2. HYBRID ELECTRIC VEHICLE
    3. PLUG-IN HYBRID ELECTRIC VEHICLE
  6. MARKET BY VEHICLE TYPE
    1. TWO-WHEELER
    2. PASSENGER CAR
    3.    COMMERCIAL VEHICLE
      1.    HEAVY COMMERCIAL VEHICLES
        1. BUSES
        2. TRUCKS
      2. OTHER COMMERCIAL VEHICLES
  7. GEOGRAPHICAL ANALYSIS
    1.    NORTH AMERICA
      1. UNITED STATES
      2. CANADA
  8. COMPANY PROFILES
    1. BMW GROUP
    2. BYD COMPANY LTD
    3. DAIMLER AG
    4. FIAT CHRYSLER AUTOMOBILES GROUP (MERGER BETWEEN CHRYSLER AND FIAT)
    5. FORD MOTOR COMPANY
    6. GENERAL MOTORS COMPANY
    7. GROUPE PSA
    8. HONDA MOTOR COMPANY
    9. HYUNDAI MOTOR
    10. MITSUBISHI
    11. NISSAN MOTOR COMPANY LTD
    12. TESLA INC
    13. TOYOTA INDUSTRIES CORPORATION
    14. VOLKSWAGEN GROUP
    15. ZHEJIANG GEELY HOLDING GROUP
LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – ELECTRIC VEHICLE

TABLE 2: BENEFITS & LIMITATIONS OF ELECTRIC VEHICLE

TABLE 3: REGULATORY FRAMEWORK

TABLE 4: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 5: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY TECHNOLOGY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 6: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 7: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 8: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY COMMERCIAL VEHICLE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 9: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY COMMERCIAL VEHICLE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 10: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY HEAVY COMMERCIAL VEHICLE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 11: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY HEAVY COMMERCIAL VEHICLE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 12: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 13: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: DEVELOPMENT OF ELECTRIC VEHICLE MARKET

FIGURE 2: LITHIUM-ION BATTERY PRICE PER KWH (2010-2018)

FIGURE 3: KEY INVESTMENT INSIGHTS

FIGURE 4: PORTER’S FIVE FORCE ANALYSIS

FIGURE 5: OPPORTUNITY MATRIX

FIGURE 6: VENDOR LANDSCAPE

FIGURE 7: VALUE CHAIN ANALYSIS

FIGURE 8: KEY BUYING CRITERIA

FIGURE 9: NORTH AMERICA ELECTRIC VEHICLE MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2019

FIGURE 10: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY BATTERY ELECTRIC VEHICLE, 2020-2028 (IN $ MILLION)

FIGURE 11: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY HYBRID ELECTRIC VEHICLE, 2020-2028 (IN $ MILLION)

FIGURE 12: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY PLUG-IN HYBRID ELECTRIC VEHICLE, 2020-2028 (IN $ MILLION)

FIGURE 13: NORTH AMERICA ELECTRIC VEHICLE MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2019

FIGURE 14: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY TWO-WHEELER, 2020-2028 (IN $ MILLION)

FIGURE 15: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY PASSENGER CAR, 2020-2028 (IN $ MILLION)

FIGURE 16: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY COMMERCIAL VEHICLE, 2020-2028 (IN $ MILLION)

FIGURE 17: NORTH AMERICA ELECTRIC VEHICLE MARKET, GROWTH POTENTIAL, BY COMMERCIAL VEHICLE, IN 2019

FIGURE 18: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY HEAVY COMMERCIAL VEHICLE, 2020-2028 (IN $ MILLION)

FIGURE 19: NORTH AMERICA ELECTRIC VEHICLE MARKET, GROWTH POTENTIAL, BY HEAVY COMMERCIAL VEHICLE, IN 2019

FIGURE 20: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY BUSES, 2020-2028 (IN $ MILLION)

FIGURE 21: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY TRUCKS, 2020-2028 (IN $ MILLION)

FIGURE 22: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY OTHER COMMERCIAL VEHICLES, 2020-2028 (IN $ MILLION)

FIGURE 23: NORTH AMERICA ELECTRIC VEHICLE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 24: UNITED STATES ELECTRIC VEHICLE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 25: CANADA ELECTRIC VEHICLE MARKET, 2020-2028 (IN $ MILLION)

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