North America Electric Car Market by Propulsion Type (BEV, FCEV, PHEV, HEV), Power Output (Less Than 100kW, 100 kW to 250 kW), End Use (Private, Commercial), and Geography - Forecast to 2028

Abstract
The North American Electric Cars Market by Propulsion Type (BEV, FCEV, PHEV, HEV), Power Output (Less Than 100kW, 100 kW to 250 kW), End Use (Private, Commercial), and Country—Forecast to 2028

The research report titled “The North American Electric Cars Market by Propulsion Type (BEV, FCEV, PHEV, HEV), Power Output (Less Than 100kW, 100 kW to 250 kW), End Use (Private, Commercial), and Country—Global Forecast to 2028” provides an in-depth analysis of the North American electric cars market and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2028. The North American Electric Cars Market is expected to reach $329.57 billion by 2028, at a CAGR of 35.2 % during the forecast period, 2021–2028. By volume, this market is expected to grow at a CAGR of 18.7 % from 2021 to reach 2.9 million units by 2028.

The growth of this market is mainly attributed to the supportive government policies and regulations, the rising deployment of EV charging stations by shared mobility operators, and increasing investments in the EVs ecosystem. Hence, these are some of the key factors driving the growth of the North American electric cars market.

The study offers a comprehensive analysis of the North American electric cars market with respect to the propulsion type (hybrid vehicles, battery electric vehicles, and fuel cell electric vehicles), power output (less than 100 kW, and 100 kW to 250 kW), end use (private use, and commercial use), and geography. The study also evaluates industry competitors and analyzes the market at the country level.

Based on propulsion type, the North American electric cars market is mainly segmented into hybrid vehicles, battery electric vehicles, and fuel cell electric vehicles. The hybrid vehicles segment is expected to account for the largest share of the North American electric cars market in 2021. The large market share of this segment is mainly attributed to the increase in stringent automotive emission regulations, consumer demand for highly fuel-efficient vehicles, and the lower cost of hybrid vehicles compared to battery electric vehicles. However, the fuel cell electric vehicles segment is expected to witness significant market growth.

Based on power output, the North American electric cars market is segmented into less than 100 kW and 100 kW to 250 kW. The less than 100 kW segment is expected to account for the largest share of the North American electric cars market in 2021. This segment's large market share is mainly attributed to the rising usage of light electric cars in the central business districts and the increased implementation of electric cars for shared mobility services. However, the 100 kW to 250 kW segment is expected to grow at the highest CAGR during the forecast period.

Based on end use, the North American electric cars market is segmented into private use and commercial use. The private use segment is expected to account for the largest share of the North American electric cars market in 2021. The large market share of this segment is mainly attributed to the increasing consumer demand for fuel-efficient and zero tailpipe emission vehicles, government incentives & tax rebates, low battery costs, and high fuel prices.

Based on country, the U.S. is estimated to account for the larger share of the North American electric cars market in 2021 both by value and volume. The large market share of this country is mainly attributed to the wider availability of electric car models, the growing number of mass-premium buyers shifting from fuel-based cars to electric cars, increasing adoption of electric cars, and investments by automotive OEMs. The U.S. has always been at the forefront of innovative technologies adoption, including electric cars globally.

The key players operating in the North American electric cars market are Tesla, Inc. (U.S.), General Motors Company (U.S.), Ford Motor Company (U.S.), Rivian, LLC (U.S.), Bollinger Motors Inc. (U.S.), Alcraft Motor Company Ltd.,(U.K.), Nissan Motor Co., Ltd. (Japan), NIO Inc. (China), AB Volvo (Sweden), and Groupe Renault (France).

Key Questions Answered in the Report-
•Which are the high-growth market segments in terms of propulsion type, power output, end use, and geography?
•What is the historical market size for the North American electric cars market?
•What are the market forecasts and estimates for the period 2021–2027?
•What are the major drivers, restraints, opportunities, and challenges in the North American electric cars market?
•Who are the major players operating in the market, and what share of the market do they hold?
•Who are the major players in various countries, and what share of the market do they hold?
•How is the competitive landscape for the North American electric cars market?
•What are the recent developments in the North American electric cars market?
•What are the different strategies adopted by the major players operating in the market?
•What are the key geographic trends, and which are the high-growth countries?
•Who are the local emerging players in the North American electric cars market, and how do they compete with the other players?

Scope of the Report

The North American Electric Cars Market, by Propulsion Type
•Hybrid Vehicles
-Pure Hybrid Vehicles
-Plug-in Hybrid Vehicles
•Battery Electric Vehicles
•Fuel Cell Electric Vehicles

The North American Electric Cars Market, by Power Output
•Less Than 100 kW
•100 kW to 250 kW

The North American Electric Cars Market, by End Use
•Private Use
•Commercial Use

The North American Electric Cars Market, by Geography
•North America
-U.S.
-Canada

Content
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency and Limitations
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-Up Approach
2.3.1.2. Growth Forecast
2.3.1.3. COVID-19 Impact Assessment
2.4. Assumptions for the Study
3. Executive Summary
4. The Impact of COVID-19 on the North American Electric Cars Market
4.1. Scenario A: Severe Impact
4.2. Scenario B: Slow Recovery
4.3. Scenario C: Fast Recovery
5. Market Insights
5.1. Introduction
5.2. Market Dynamics
5.3. Drivers
5.3.1. Supportive Government Policies and Regulations
5.3.2. Rising Deployment of EV Charging Stations by Shared Mobility Operators
5.3.3. Increasing Investments in the EV Ecosystem
5.4. Opportunities
5.4.1. Decreasing Battery Prices
5.4.2. Fleet Electrification Target of North American Governments
5.5. Challenges
5.5.1. Range Limitations of Electric Vehicles
5.5.2. Lack of Fast-Charging Infrastructure
5.6. Trends
5.6.1. Increasing Investments in R&D for Smart Charging Systems
5.7. Value Chain Analysis
6. North American Electric Cars Market, by Propulsion Type
6.1. Introduction
6.2. Hybrid Electric Vehicles
6.2.1. Pure Hybrid Electric Vehicles
6.2.2. Plug-In Hybrid Electric Vehicles
6.3. Battery Electric Vehicles
6.4. Fuel Cell Electric Vehicles
7. North American Electric Cars Market, by Power Output
7.1. Introduction
7.2. Less Than 100KW
7.3. 100KW to 250KW
8. North American Electric Cars Market, by End Use
8.1. Introduction
8.2. Private Use
8.3. Commercial Use
9. North American Electric Cars Market, by Geography
9.1. Introduction
9.1.1. U.S.
9.1.2. Canada
10. Competitive Landscape
10.1. Introduction
10.2. Key Growth Strategies
10.3. Market Share Analysis
10.3.1. Tesla, Inc.
10.3.2. General Motor Company
10.3.3. Ford Motor Company
11. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
11.1. Tesla, Inc.
11.2. General Motor Company
11.3. Ford Motor Company
11.4. Rivian, Llc
11.5. Bollinger Motors Inc.
11.8. Toyota Motor Corporation
11.9. Hyundai Motor Company
11.10. Honda Motor Co., Ltd.
12. Appendix
12.1. Questionnaire

List of Tables
Table 1 Market Size and CAGR (USD Million)
Table 2 North American Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 3 North American Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 4 Hybrid Electric Vehicles Market Size, by Country, 2019–2028 (USD Million)
Table 5 Pure Hybrid Electric Vehicles Market Size, by Country, 2019–2028 (USD Million)
Table 6 Plug-in Hybrid Electric Vehicles Market Size, by Country, 2019–2028 (USD Million)
Table 7 Battery Electric Vehicles Market Size, by Country, 2019–2028 (USD Million)
Table 8 Fuel Cell Electric Vehicles Market Size, by Country, 2019–2028 (USD Million)
Table 9 North American Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 10 Less Than 100kw Electric Cars Market Size, by Country, 2019–2028 (USD Million)
Table 11 100kw to 250kw Electric Cars Market Size, by Country, 2019–2028 (USD Million)
Table 12 North American Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 13 Electric Cars Market Size for Private Use, by Country, 2019–2028 (USD Million)
Table 14 Electric Cars Market Size for Commercial Use, by Country, 2019–2028 (USD Million)
Table 15 North American Electric Cars Market Size, by Country, 2019-2028 (USD Million)
Table 16 North American Electric Cars Market Volume, by Country, 2019-2028 (Thousand Unit)
Table 17 U.S.: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 18 U.S.: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 19 U.S.: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 20 U.S.: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 21 Canada: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 22 Canada: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 23 Canada: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 24 Canada: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 25 North American Electric Cars Market: Recent Developments, by Company, 2018–2021

List of Figures
Figure 1 Currency and Limitations
Figure 2 Research Process
Figure 3 Key Secondary Sources
Figure 4 Primary Research Techniques
Figure 5 Key Executives Interviewed
Figure 6 Market Size Estimation
Figure 7 Key Insights
Figure 8 North American Electric Cars Market, by Propulsion Type, 2028, (USD Million)
Figure 9 North American Electric Cars Market, by Power Output, 2021 Vs. 2028, (USD Million)
Figure 10 North American Electric Cars Market, by End Use, 2021 Vs. 2028, (USD Million)
Figure 11 Geography Snapshot: North American Electric Cars Market (Market Share & CAGR)
Figure 12 Geography Snapshot: North American Electric Cars Market (Volume Share & CAGR)
Figure 13 The Impact of COVID-19 on the North American Electric Cars Market
Figure 14 Electric Cars Value Chain
Figure 15 North American Electric Cars Market Size, by Propulsion Type, 2021–2028 (USD Million)
Figure 16 North American Electric Cars Market Size, by Power Output, 2021–2028 (USD Million)
Figure 17 North American Electric Cars Market Size, by End Use, 2021–2028 (USD Million)
Figure 18 North American Electric Cars Market Size, by Country, 2021–2028 (USD Million)
Figure 19 North American Electric Cars Market Size, by Country, 2021–2028 (Thousand Unit)
Figure 20 Key Growth Strategies Adopted by Leading Players, 2018–2021
Figure 21 Market Share Analysis: North American Electric Cars Market, 2020
Figure 22 Tesla, Inc.: Financial Overview, 2020
Figure 23 General Motors Company: Financial Overview, 2020
Figure 24 Ford Motor Company: Financial Overview, 2020
Figure 25 Nissan Motor Co., Ltd.: Financial Overview, 2020
Figure 26 Toyota Motor Corporation: Financial Overview 2020
Figure 27 Hyundai Motor Company: Financial Overview 2020
Figure 28 Honda Motor Co., Ltd.: Financial Overview 2020