Electric Vehicle Market to Contribute to Growth in Automotive Parts and Equipment Industry | Technavio
Falling lithium-ion battery prices are emerging as a key trend.
NEW YORK, June 24, 2021 / PRNewswire / –
The electric vehicle (EV) market in United States is expected to grow by 1,736.13,000 units during the period 2021-2025, decelerating to a CAGR of nearly 45% during the forecast period. The report offers up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the epidemic’s immediate impact is varied. While a few industries will see lower demand, many others will remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the electric vehicle (EV) market in the United States.
Frequently Asked Questions:
Based on segmentation by type, which is the leading segment of the market?
On the basis of type, the market generated maximum revenue in the all-electric / BEV segment in 2020.
What are the major market trends?
The falling price of lithium-ion batteries is the major trend in the market.
How fast should the market grow?
The market is expected to grow at a CAGR of nearly 45% during the forecast period.
Who are the best players in the market?
BMW Group, Daimler AG, Ford Motor Co., General Motors Co., Honda Motor Co. Ltd., Hyundai Motor Co., Renault SA, Tesla Inc., Toyota Motor Corp. and Volkswagen AG are the main players in the market.
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US Electric Vehicle (EV) Market 2021-2025: Scope
Technavio presents a detailed picture of the market through the study, synthesis and summation of data from multiple sources. The electric vehicle (EV) market in the United States covers the following areas:
Electric Vehicle (EV) Market in the United States
Electric vehicle (EV) market trends in the United States
Electric Vehicle (EV) Market in US Industry Analysis
The market is concentrated and the degree of concentration will slow down during the forecast period. While government subsidies and incentives offer immense growth opportunities, the high initial cost of electric trucks is likely to pose a challenge to market sellers. With the aim of helping players to strengthen their presence in the market, this Electric Vehicle (EV) Market forecast report provides a detailed analysis of the major vendors in the market. The report also gives industry leaders insight into the competitive landscape and insight into the various product offerings offered by various companies.
Technavio’s customized research reports offer detailed information on the impact of COVID-19 at the industry level, regional level, and subsequent supply chain operations. This personalized report will also help customers track new product launches in direct and indirect markets related to COVID-19, upcoming vaccines and pipeline analysis, and important developments in supplier operations and government regulations. .
United States Electric Vehicle (EV) Market 2021-2025: Segmentation
The electric vehicle (EV) market in the United States is segmented as follows:
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U.S. Electric Vehicle (EV) Market 2021-2025: Highlights
Market CAGR during the forecast period 2021-2025
Detailed information on the factors that will help the growth of the electric vehicle (EV) market in the United States over the next five years
Estimate of the size of the electric vehicle (EV) market in the United States and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the electric vehicle (EV) market in the United States
Market competitive landscape analysis and detailed supplier information
Complete details on the factors that will challenge the growth of Electric Vehicle (EV) Market vendors in United States
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Value chain analysis
Five forces analysis
Market segmentation by type
Comparison by type
All Electric / BEV – Market Size and Forecast 2020-2025
PHEV Market Size and Forecast 2020-2025
Market opportunity by type
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