Press release
North America Electric Car Market is Expected to Witness a Significant Growth over the Forecast Period (2013-2025)
Explore Full Report Description At: https://www.psmarketresearch.com/market-analysis/north-america-electric-car-market
Government support in the form of incentives and subsides is a major factor benefiting the sales of electric cars in the region. For instance, the U.S. federal government provide income tax credit up to $7,500 based on the battery size. Apart from this, there are other state level incentives, often in the form of rebates. In Canada, there are funds such as Sustainable Development Technology Fund to support the growth of electric vehicles.
The market is organised with the top international players such as General Motors, Nissan and Tesla dominating the sales. The popular electric cars in the U.S. includes Chevrolet Bolt, Nissan Leaf and Tesla S, accounting for close to one-third of sales.
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North America Electric Car Market Segmentation
By Battery Voltage
• Low Voltage
• Medium Voltage
• High Voltage
By Car Type
• Battery Electric Cars
• Hybrid Cars
• Plug-in Hybrid Electric Cars
By Battery Technology
• Sealed Lead Acid
• Li-ion
• Ni-MH
By Geography
• U.S.
• Canada
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