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.
Click here to download the brochure
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:
- 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.
In case you don’t find what
you are looking for, please get in touch with our custom research team at sales@techsciresearch.com