US Electric Car Market Top Key Players - Tesla Motors International, General Motors, Nissan Automotive, Chevrolet Motors, Lucid Motors, Envoy Technologies, Cincinnati Car Company, Rivian Vehicles, McGuire Cummings Manufacturing Company, National Motor Veh

An electric vehicle or US electric Car market, often referred to as an electric vehicle, is a vehicle that uses one or more motors (electric or traction) to provide propulsion. The degree of electrification of a vehicle varies from one vehicle to another.

Electric vehicles can also reduce noise pollution in cities. Governments should also consider promoting electric two-wheelers and electric buses as a way to reduce pollution and noise in densely populated areas where point charging is possible. There are two types of Electric Vehicles (EV): Battery Powered Electric Vehicles (BEVs), which only use batteries for energy storage and must be charged by plugging in, and Plug-in Hybrid Electric Vehicles (PHEVs), which combine batteries with liquid fuel storage and filling systems.

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US ELECTRIC CAR MARKET DEVELOPMENTS AND INITIATIVES

• President Biden’s Initiative towards 40 percent sales towards EV

• Rivian Automotive under plans for Second EV Factory

• Tesla made its domination into the US EV Car Market

• General Motors recalls its EV Cars

• Mercedes Benz pushes towards EV Car shift in the country.

US ELECTRIC CAR MARKET DYNAMICS

• The environment is constantly changing due to natural phenomena that cannot be controlled by man. There are also man-made changes that in the past were irrelevant, but especially after the 19th century and the industrial revolution, became significant for environmental degradation.

• This has led to a wider and more integrated use of battery-electric vehicles in an industrial perspective and as part of the optimization of the global electric vehicle rental market. With the continuous development of the promotion and use of electric vehicles in all areas of urban mobility, electric vehicles used in car sharing are becoming more and more common. The first well-known and successful cases around the world had a positive impact.

• Electric vehicles in the US market can meet the needs of personal mobility in the United States by harnessing domestic energy sources as well as reducing carbon emissions. However, widespread adoption of light electric vehicles will require review and possible modification of the electricity generation and distribution infrastructure in the United States.

US ELECTRIC CAR MARKET SEGMENTATION

The US Electric Car Market can be segmented into following categories for further analysis.

By Battery Type
• Lithium Nickel Manganese Cobalt (LI-NMC)
• Lithium Iron Phosphate (LFP)
• Lithium Cobalt Oxide (LCO)
• Lithium Titanate Oxide (LTO)
• Lithium Manganese Oxide (LMO)
• Lithium Nickel Cobalt Aluminium Oxide (NCA)

By Vehicle Type
• Hybrid Electric vehicle(HEV)
• Plug in Hybrid Electric vehicle(PHEV)
• Battery Electric vehicle(BEV)

By Drivetrain Configuration Type
• Two Wheel Drive
• Four Wheel Drive
• All Wheel Drive

By Regional Classification
• Western Region – USA
• Mid-West Region – USA
• Northeast Region – USA
• Southern Region – USA

RECENT MARKET TECHNOLOGICAL TRENDS IN US ELECTRIC CAR MARKET

• The main goal of integrating electric vehicles in the US market is their potential contribution to the increase in the popularity of electric vehicles. The choice of a particular vehicle depends on the utility that the attributes of that vehicle have for the decision maker. Previously, the focus was on instrumental aspects such as price, range and fuel consumption.

• In addition, US electric car market was significantly more expensive than gasoline cars. The same concerns may repeat themselves today, even though battery technology has advanced significantly compared to the previous century. Battery technology has undergone extensive research and development to improve performance while keeping batteries light, compact and affordable.

COMPANIES PROFILED
• Tesla Motors International
• General Motors
• Nissan Automotive
• Chevrolet Motors
• Lucid Motors
• Envoy Technologies
• Cincinnati Car Company
• Rivian Vehicles
• McGuire Cummings Manufacturing Company
• National Motor Vehicle Company
• Nikola Corporation
• Universal Electric Vehicle Company

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

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This release was published on openPR.