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(Wireless-NewsWire.Com, June 26, 2024 ) As per Maximize Market research, the US Electric Vehicle Market was USD 38.18 Billion in 2023 and is expected to grow at a CAGR of 25.4 percent over the forecast period to reach USD 233.46 Billion by 2030.
US Electric Vehicle Market Report Scope and Research Methodology
The US electric vehicles market is segmented by Type and vehicle type. The quantitative examination is done by using various market reports, sales details, and adoption rates from sources within the industry. Surveys and interviews were taken to gather qualitative knowledge from consumers. Evaluated how government policies, incentives, and regulations affect the market. Studied the competitive environment and technological progress by looking at top EV producers.
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Market Dynamics
Government policy and incentives are a big reason why the US electric vehicle (EV) market is growing fast. The federal and state governments give a lot of money in subsidies, tax credits, and rebates to help both the people who make EVs and those who buy them. The strict rules on emissions and fuel economy encourage car manufacturers to provide more EVs. Also, investments in EV infrastructure like growing charging networks are very important.
Market Segment Analysis
The BEV sub-segment dominated the US Electric Vehicle Market in the year 2023 and is expected to dominate during the forecast period. Whereas Plug-in Hybrid vehicles are gaining popularity in the market. Demand from consumers has surged due to uncertainties about the environment, more options for vehicles, enhanced battery capability, and savings in costs.
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Market Segmentation
By Type
BEV
PHEV
HEV
By Vehicle Type
Two-wheeler
Passenger car
Commercial vehicle
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Market Key Players include
Tesla
Lucid Motors
Rivian
BMW
Mercedes Benz
Nissan
Maximize Market Research is leading Electronics research firm, has also published the following reports:
India Electric Vehicle Market- The market is expected to Reach USD 139.22 Bn. by 2030 at a CAGR of 24.31 percent.
China Electric Vehicle Market- The Market is expected to Reach USD 789.90 Mn. by 2030 at a CAGR of 17.15 percent.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defense, and other manufacturing sectors.
MAXIMIZE MARKET RESEARCH PVT. LTD.
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09607365656
akash.r@maximizemarketresearch.com
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