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Report
North America Electric Vehicle Market Forecast 2022-2026
Market Report I 2022-09-12 I 163 Pages I Inkwood Research
KEY FINDINGS
The North America electric vehicle market is expected to record a 31.65% CAGR during the forecast years 2022 to 2026. The adoption of electric vehicles to reduce CO2 emissions, discounted tariff rates to benefit the consumers, etc., drive market growth.
MARKET INSIGHTS
The North America electric vehicle market growth evaluation entails the study of Canada and United States. Approximately a quarter of greenhouse gas emissions (GHG) in Canada are attributed to transportation, with roughly half coming from light trucks, cars, etc. The Canadian government persists that switching to cleaner fuels. Further, electrifying light-duty vehicles are essential steps toward decarbonizing the transportation industry. For this reason, the Canadian government has mandated that by 2035, all new light-duty vehicles and passenger trucks must be emission-free.
The $680 million ZEVIP or Zero Emission Vehicle Infrastructure Program aims to improve Canada's charging and refueling infrastructure shortage by 2027. Also, the Zero Emission Vehicle Awareness Initiative (ZEVAI) provides funding for initiatives that seek to raise public confidence and awareness of zero-emission cars (ZEV). The ZEVAI contributes to funding education, outreach, and capacity-building initiatives to facilitate a larger uptake of ZEVs by the citizens of Canada. Hence, the government's emphasis on cleaner technology and adopting electric vehicles is expected to boost the market demand.
COMPETITIVE INSIGHTS
Some of the key companies include Ford Motor Company, General Motors Company, Tesla, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. SCOPE OF STUDY
1.3. METHODOLOGY
1.4. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. BENEFICIAL GOVERNMENT SUBSIDIES AND POLICIES
3.1.2. STRINGENT GOVERNMENT REGULATIONS ON VEHICLES EMISSIONS
3.2. KEY RESTRAINTS
3.2.1. INSUFFICIENT CHARGING INFRASTRUCTURE
3.2.2. POTENTIAL GRID OVERLOAD
4. KEY ANALYTICS
4.1. IMPACT OF COVID-19 ON ELECTRIC VEHICLE MARKET
4.2. KEY MARKET TRENDS
4.3. PORTER'S FIVE FORCES ANALYSIS
4.3.1. BUYERS POWER
4.3.2. SUPPLIERS POWER
4.3.3. SUBSTITUTION
4.3.4. NEW ENTRANTS
4.3.5. INDUSTRY RIVALRY
4.4. OPPORTUNITY MATRIX
4.5. VENDOR LANDSCAPE
4.6. VALUE CHAIN ANALYSIS
4.7. KEY BUYING CRITERIA
4.8. REGULATORY FRAMEWORK
5. MARKET BY PROPULSION TYPE
5.1. BATTERY ELECTRIC VEHICLES
5.2. PLUG-IN HYBRID VEHICLES
5.3. FUEL CELL ELECTRIC VEHICLES
6. MARKET BY END-USE
6.1. PASSENGER VEHICLES
6.2. COMMERCIAL VEHICLES
6.2.1. LIGHT COMMERCIAL VEHICLES
6.2.2. HEAVY COMMERCIAL VEHICLES
7. GEOGRAPHICAL ANALYSIS
7.1. NORTH AMERICA
7.1.1. MARKET SIZE & ESTIMATES
7.1.2. KEY GROWTH ENABLERS
7.1.3. KEY CHALLENGES
7.1.4. KEY PLAYERS
7.1.5. COUNTRY ANALYSIS
7.1.5.1. UNITED STATES
7.1.5.2. CANADA
8. COMPETITIVE LANDSCAPE
8.1. KEY STRATEGIC DEVELOPMENTS
8.1.1. PRODUCT LAUNCHES & DEVELOPMENTS
8.1.2. PARTNERSHIPS & AGREEMENTS
8.1.3. BUSINESS EXPANSIONS & DIVESTITURES
8.2. COMPANY PROFILES
8.2.1. BMW GROUP
8.2.2. BYD CO LTD
8.2.3. FORD MOTOR COMPANY
8.2.4. GENERAL MOTORS COMPANY
8.2.5. LI AUTO
8.2.6. NIO
8.2.7. STELLANTIS NV
8.2.8. TESLA INC
8.2.9. TOYOTA MOTOR CORPORATION
8.2.10. VOLKSWAGEN AG
8.2.11. XPENG
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT - ELECTRIC VEHICLE
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, HISTORICAL YEARS, 2018-2021 (IN THOUSAND UNITS)
TABLE 4: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE, FORECAST YEARS, 2022-2026 (IN THOUSAND UNITS)
TABLE 5: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY END-USE, HISTORICAL YEARS, 2018-2021 (IN THOUSAND UNITS)
TABLE 6: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY END-USE, FORECAST YEARS, 2022-2026 (IN THOUSAND UNITS)
TABLE 7: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY COMMERCIAL VEHICLES, HISTORICAL YEARS, 2018-2021 (IN THOUSAND UNITS)
TABLE 8: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY COMMERCIAL VEHICLES, FORECAST YEARS, 2022-2026 (IN THOUSAND UNITS)
TABLE 9: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN THOUSAND UNITS)
TABLE 10: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY COUNTRY, FORECAST YEARS, 2022-2026 (IN THOUSAND UNITS)
TABLE 11: KEY PLAYERS OPERATING IN NORTH AMERICA ELECTRIC VEHICLE MARKET
TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 13: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 14: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: VALUE CHAIN ANALYSIS
FIGURE 6: KEY BUYING CRITERIA
FIGURE 7: NORTH AMERICA ELECTRIC VEHICLE MARKET, GROWTH POTENTIAL, BY PROPULSION TYPE, IN 2021
FIGURE 8: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY BATTERY ELECTRIC VEHICLES, 2022-2026 (IN THOUSAND UNITS)
FIGURE 9: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY PLUG-IN HYBRID VEHICLES, 2022-2026 (IN THOUSAND UNITS)
FIGURE 10: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY FUEL CELL ELECTRIC VEHICLES, 2022-2026 (IN THOUSAND UNITS)
FIGURE 11: NORTH AMERICA ELECTRIC VEHICLE MARKET, GROWTH POTENTIAL, BY END-USE, IN 2021
FIGURE 12: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY PASSENGER VEHICLES, 2022-2026 (IN THOUSAND UNITS)
FIGURE 13: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY COMMERCIAL VEHICLES, 2022-2026 (IN THOUSAND UNITS)
FIGURE 14: NORTH AMERICA ELECTRIC VEHICLE MARKET, GROWTH POTENTIAL, BY COMMERCIAL VEHICLES, IN 2021
FIGURE 15: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY LIGHT COMMERCIAL VEHICLES, 2022-2026 (IN THOUSAND UNITS)
FIGURE 16: NORTH AMERICA ELECTRIC VEHICLE MARKET, BY HEAVY COMMERCIAL VEHICLES, 2022-2026 (IN THOUSAND UNITS)
FIGURE 17: NORTH AMERICA ELECTRIC VEHICLE MARKET, COUNTRY OUTLOOK, 2021 & 2026 (IN %)
FIGURE 18: UNITED STATES ELECTRIC VEHICLE MARKET, 2022-2026 (IN THOUSAND UNITS)
FIGURE 19: CANADA ELECTRIC VEHICLE MARKET, 2022-2026 (IN THOUSAND UNITS)
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