US Electric Vehicle Market Top Key Players – Tesla, GM, Hyundai, Kia, Ford, Rivian, Stellanis, Toyota, Honda

The US Electric Vehicle Market was estimated at $xx Billion in 2020. With more than 20 EVs (BEV PHEV) in pipeline, the market volume could grow up to XX Million or xx% of new car sales by 2025.

USA is one of the most prominent automobile markets in the world with 14-16 million units yearly. The market is mainly based on trucks with Ford F-150 holding the most sold vehicle tag. SUVs and crossovers are other segments popular among vehicle owners in this region.

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US ELECTRIC VEHICLE MARKET DYNAMICS

• Currently, there is a move to raise the $7,500 credit to $12,500 for EV owners in the United States. President Joe Biden has offered $174 billion for electric vehicle charging stations. This includes $100 billion in rebates to consumers.

• Several countries have additional tax benefits in addition to the federal tax benefits of EVs. California is the largest market for EV sales, primarily through incentives provided and the country's high purchasing power. In California, in addition to $7,500, a $2,000 tax credit cuts consumers' overall price by $10,000.

ELECTRIC VEHICLE CHARGING INFRASTRUCTURE IN US

There are about 5,192 DC Fast chargers present across USA with 18,643 connectors

• Tesla is running 10,555 connectors out of 1,068 stations (56% of all connectors).

• ElectrifyAmerica and EVGo are other prominent networks of DC Fast Chargers throughout the United States.

• 5,694 charging outlets are in California only (30%) fast charger

US ELECTRIC VEHICLE MARKET SEGMENTATION

BY OEM
• Tesla
• Nissan
• Hyundai
• Other OEMs

BY COMPONENTS
• Traction Motor
• Battery
• Power electronics(OBC, DC-DC Converter Inverter, Motor Controller)

BY VEHICLE TYPE
• Passenger car
• Light Commercial Vehicles
• Bus

BY EV TYPE
• BEV
• PHEV
• HEV
• FCEV

COMPETITIVE LANDSCAPE

• Tesla leads the sale of EVs in the United States. Starting with the Roadster in 2008, there are now Model 3, S, X and Y. Tesla Semi, Roadster and Cybertruck will also be released shortly. Tesla's dominance continues as it increases production capacity to the new Gigafactory in Texas.

• The GM announced the Ultium platform with more than 20 models by 2025, with the Hummer SUV and Truck being the first models, followed by the Cadillac Lyriq and Chevrolet Bolt EV. LG Chem will be one of GM's biggest companions on the electrification journey.

• The United States is also home to several electric vehicle start-ups. Rivian unveiled its trucks and SUVs and has already received bulk orders such as electric vans from Amazon and other companies. Ford is also a Rivian investor Domestic luxury electric vehicle.

COMPANY PROFILES

ELECTRIC CAR MANUFACTURERS
• Tesla
• GM
• Hyundai
• Kia
• Ford
• Rivian
• Stellanis
• Toyota
• Honda

Read More Information: https://mobilityforesights.com/product/us-electric-vehicle-market/

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