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.

The United States is one of the most famous automotive markets in the world with 1,416 million units per year. The market relies heavily on trucks, with the Ford F150 being the best-selling vehicle. SUVs and crossovers are another segment popular with car owners in the region.

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USA is also home to renowned global OEMs such as Detroit 3 - Ford, GM, and Stella is. Nissan, Toyota and Honda are among the foreign original equipment manufacturers that have set up manufacturing facilities in the United States to design and manufacture vehicles for US customers.

US ELECTRIC VEHICLE MARKET DYNAMICS

• Currently, there is a $ 7,500 loan in the US for electric vehicle owners, and there is pressure to raise it to $ 12,500. President Joe Biden has offered $ 174 billion in electric vehicles and charging stations, including $ 100 billion in consumer rebates.

• Several states have an additional tax break in addition to the federal electric vehicle tax break. California is the largest market for electric vehicles, largely because of the incentives offered, as well as the state's higher purchasing power. In California, in addition to $ 7,500, there is a $ 2,000 tax credit that reduces the total consumer price by $ 10,000.

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 is the leader in selling electric vehicles in the US. They started with the Roadster in 2008 and now have the 3, S, X and Y models. Tesla Semi, Roadster and Cyber truck will be on the market soon. Tesla's dominance will continue as it expands its production capacity with the new Gig factory in Texas.

• GM launched the Ultrium platform with over 20 models to be launched by 2025, the first being the Hummer SUV and Truck, followed by the Cadillac Lyriq and Chevrolet Bolt EV. LG Chem will become one of GM's largest partners on the path to electrification.

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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