Press release
US Battery Electric Vehicle (BEV) Market Size, Industry Share, Growth & Forecast To 2025
The US battery electric vehicle market is estimated to grow at a CAGR of more than 18.0% during the forecast period. In the last two quarters of 2019, electric vehicle sales were down as compared to 2018. However, with the decreasing prices of the EV in the near future, the market of EV is expected to increase in the country. The rising popularity of BEV such as Tesla models in the US is one of the major factors for the growth of the market. As an estimate, around 45-50% of the total EV sales in the US were Tesla Model 3 with around 160,000 units sold in 2019 whereas the highest-selling PHEV was Toyota Prius Prime with around 8,000 units volume in 2019. In the commercial vehicle segment, BYD Auto Co., Ltd., and Proterra, Inc. are expected to hold a major market share in the country. Continuous technological advancement, support from the local government, new EV model launch and developing charging infrastructure are some of the other major factors contributing to the growth of the market in the country.Get Free Sample Copy @ https://www.omrglobal.com/request-sample/us-battery-electric-vehicle-bev-market
The market is segmented on the basis of vehicle type and battery type. Based on vehicle type, the market is segmented into commercial vehicles, passenger cars, and others. The passenger vehicle segment is expected to hold the largest market share during the forecast period. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Li-ion batteries car market is projected to cover a major market share during the forecast period.
A Full Report of US Battery Electric Vehicle (BEV) Market is Available at: https://www.omrglobal.com/industry-reports/us-battery-electric-vehicle-bev-market
Major companies contributing to the US BEV market include AB Volvo, Tesla, Inc., BYD Auto Co., Ltd., Audi AG, BMW AG, Daimler AG, Ford Motor Co., General Motors Co., Honda Motor Co., Ltd., Hyundai Motor Co., Kia Motors Corp., Nissan Motor Co., Proterra, Inc., Toyota Motor Corp., Volkswagen AG and so on. The market players are considerably contributing to the market growth by adopting various growth strategies including new product launch, merger and acquisition, collaborations with government, and technological advancements to stay competitive in the market.
Market Segmentation
US Battery Electric Vehicle Market by Vehicle Type
Passenger Car
Commercial Vehicle
Others (Two-Wheelers)
US Battery Electric Vehicle Market by Battery Type
NiMH
Li-Ion
Others
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/us-battery-electric-vehicle-bev-market
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Contact Person: Mr. Anurag Tiwari
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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