United States Electric Vehicle Mobility Market to Grow in Terms of Value By 2028
Increasing awareness for the
environment has shifted the preference of the people towards the electric
vehicles thereby fueling United States Electric Vehicle Mobility market.
According to the TechSci Research
report, "United States Electric Vehicle Mobility Market - By Region, Competition Forecast & Opportunities, 2018-2028,”
The United States electric
vehicle mobility market is
anticipated to grow at a decent rate in the forecast period 2023-2028. The sales
of
electric vehicles in the passenger cars, two-wheeler, and three-wheeler
segments have increased with time. According to the data of IEA (International Energy Agency) around
608 thousand units of all electric vehicles including plug-in hybrid electric
vehicles (PHEVs) were sold in the year 2021, which was nearly double of the 308
thousand units of electric vehicles sold in year 2020. The sales of electric
two-wheeler have also increased with time as the high demand for electric
vehicles among the young generation has risen. There are many online platforms
which are providing electric scooters and motorcycles to the customer easily
through there site. Thus many companies have increased the manufacturing
capacity for electric vehicles to meet the increased demand. In the United
States the most popular electric car is Tesla by tesla, Inc. The company has the highest market share among the major
players in the country. The company offers four different models of passenger
cars which are the Tesla Model 3, Tesla Model S, Tesla Model X, and Tesla Model
Y. The sales of these Tesla’s models till present day in 2022 is around 156,357
units for the Tesla Model 3, for Tesla Model S is 23, 464 units , for Tesla
Model X 19,542 units, and for Tesla Model Y 191,451 units these are the highest
number in electric vehicles sales among the other companies in United States.
As
the demand for the electric vehicles has increased in the country, many
automotive companies have stated to invest in the electric vehicle segment. Furthermore,
electric vehicle manufacturing companies have increased their production
capacity to meet the market demand.
Additionally,
with technological innovation and growing demand for electric vehicles,
automotive manufacturers have started to invest in research and development for
the new vehicle range that will meet market demand.
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TOC on "United States Electric Vehicle Mobility Market"
The
United States electric vehicle mobility market can be segmented based on product type,
battery type, voltage, region and
company. Based on product type, electric scooter dominates the market in
the year 2022, and it is anticipated that electric cars will grow with decent
share in the coming years.
In
the product type segment, the demand for electric scooters is also increasing
as the market for folding mobility scooters has expanded as a result of the
introduction of next-generation technologies and the requirement for product
differentiation. The dearth of parking spaces in major cities is one of the
main causes driving up demand for these types of scooters. Due to their freedom
from the early limitations of strength and weight, these scooters have become
more popular in the United States. Additionally, the demand for foldable
electric scooters has driven manufacturers to innovate with regard to the
growing traffic and mobility. These scooters provide versatility while
consuming the least amount of energy possible and are simple to fold up into a
suitcase-sized package.
The
battery segment consists of lithium-ion (Li-Ion), nickel-metal hydride (NiMH),
and sealed lead acid batteries. Building more efficient, lightweight,
high-performance, and small electric scooters depends largely on the batteries.
The Li-Ion battery market is anticipated to develop at the fastest rate. Li-Ion
battery adoption is encouraged by features like a quicker charge time, greater
environmental friendliness, and a longer battery life. These features are
anticipated to provide plenty of chances in the market for electric scooters.
It is anticipated that the increasing use of these batteries would reduce the
cost of manufacturing and deploying electric scooters to some level. Currently,
the majority of electric vehicle sales worldwide are made up of scooters. With
the high demand for electric scooters in the market, sales have increased,
which has anticipated the growth of the United States electric vehicle mobility
market in the coming years.
Some
of the major players operating in the United States electric vehicle mobility
market include:
- Kia Corporation
- Tesla, Inc
- Hyundai Motor Company
- Segway Inc.
- Yadea Technology Group Co., Ltd.
- Zero Motorcycles, Inc
- BAIC Automotive Group Co., Ltd.
- Harley-Davidson Motor Company Group, Inc
- Nissan Motor Co., Ltd.
- Bird Rides Inc.
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The automobile industry has a
strong commitment to the growth of e-mobility since zero-emission or
low-emission vehicles significantly contribute to the preservation of the
environment. Depleting fossil fuel reserves, the increasing demand for more affordable
mobility alternatives in ever-growing metropolitan areas, and OEMs' increased
attention to the development of alternative propulsion systems are all factors
that are further supporting electric mobility solutions. The United States
government plans to go completely electric by 2050, as all new vehicles
purchased will include only electric vehicles and not ignition-based ones. All
these factors will directly affect the United States Electric Vehicle Mobility
market in a positive way and are anticipated to grow the market in the coming
years,”said Mr. Karan Chechi, Research Director with TechSci Research,
a research-based global management consulting firm.
“United
States Electric Mobility Market By Product Type (Electric Scooter, Electric
Motorcycle, Electric Car), By Battery Type (Sealed Lead Acid, NiMH, Li-ion), By
Voltage (24V, 36V, 48V, Greater than 48V), By Region, Competition Forecast &
Opportunities, 2018-2028,” has evaluated
the future growth potential of United States Electric Vehicle Mobility Market
and provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the United States Electric Vehicle Mobility
Market.
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