North America Electric Passenger Car Market By Vehicle Type (Hatchback, Sedan and SUV), By Technology Type (Battery Electric Vehicle and Plug-in Hybrid Electric Vehicle), By Driving Range, By Country, Competition Forecast & Opportunities, 2013-2023

North America electric passenger car market stood at over $ 10.3 billion in 2017 and is projected to grow at a CAGR of more than 18% to surpass $ 31.5 billion by 2023 on account of growing demand for cleaner automobiles. Moreover, governments in major North American economies are providing subsidies on electric vehicles in order to encourage their adoption, which is consequently pushing demand for electric passenger cars across the region. Additionally, technological advancements in automotive industry coupled with continuous expansion in the region’s charging infrastructure is further anticipated to fuel growth in North America electric passenger car market over the next five years.

Years considered for this report:

Historical Years:2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2023

Objective of the Study:

• To assess the demand for electric passenger cars in North America.
• To analyze and forecast the market size of electric passenger car market across North America.
• To classify and forecast North America electric passenger car market on the basis vehicle type, technology type, driving range and country.
• To identify drivers and challenges for North America electric passenger car market.
• To identify market trends and development in North America electric passenger car market.
• To identify and analyze the profile of leading players operating in North America electric passenger car market.

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Few of the renowned companies currently invested in the electric passenger car market in North America include BYD Company Limited, BAIC Motor Corporation., Ltd, Tesla Inc., BMW AG, Volkswagen AG, General Motors Company, Nissan Motor Corporation, Audi AG, Ford Motor Company, and Renault SA, among others.

In order to perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of electric passenger car manufacturers and companies currently invested in the market operating in different countries in the region. Subsequently, TechSci Research conducted primary research surveys, which include primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research was able to include system manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed service offerings, regional network, and regional presence of all major companies across North America.

TechSci Research calculated the market size for North America electric passenger car market using a bottom-up technique, wherein the volume service data for different vehicle type (Hatchback, Sedan & SUV) were recorded as well as forecast for the future years. TechSci Research sourced these figures from industry experts and company representatives, and externally validated through analyzing historical data of respective companies to arrive at the overall market size. Multiple secondary sources such as directories, databases such as OICA, World Bank, company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• North America electric passenger car manufacturers, distributors and other stakeholders
• Associations, organizations, forums and alliances related to electric vehicles
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as electric passenger car manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, North America electric passenger car market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, By Vehicle Type:
• Hatchback
• Sedan
• SUV
• Market, By Technology Type:
• Battery Electric Vehicle
• Plug-in Hybrid Electric Vehicle
• Market, By Driving Range:
• Above 150 Miles
• Upto 150 Miles
• By Country:
• United States
• Canada
• Mexico
• Rest of North America

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in North America electric passenger car market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players.