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U.S. Electric Vehicle Market, By Propulsion Technology (Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and Fuel Cell Electric Vehicles (FCEVs))

Publisher Coherent Market Insights
Published Mar 27, 2025
Length 165 Pages
SKU # CMI19906260

Description

The market has experienced significant expansion due to growing environmental awareness, government incentives, and advancements in battery technology. With increasing investments in EV infrastructure and consumer demand shifting towards sustainable mobility, the adoption of electric vehicles continues to accelerate. Additionally, stringent emission regulations and the push for carbon neutrality have led automakers to invest heavily in electrification strategies. However, challenges such as limited charging infrastructure and high production costs remain obstacles to mass EV adoption.

Market Dynamics:

The U.S. electric vehicle market is primarily driven by government policies supporting EV adoption, advancements in battery efficiency, and declining costs of electric powertrains. The increasing presence of EV-friendly infrastructure, coupled with automakers expanding their electric vehicle lineups, has contributed to robust market growth. Additionally, growing consumer awareness regarding sustainability and fuel efficiency has led to a surge in EV sales across various vehicle segments.

However, challenges such as inadequate charging networks in rural areas, high initial costs, and concerns about battery recycling persist, hindering rapid expansion. Fluctuations in raw material prices, particularly for lithium, cobalt, and nickel, also pose challenges for EV manufacturers.

Meanwhile, advancements in solid-state battery technology, expansion of fast-charging networks, and increasing investment in autonomous electric mobility present significant opportunities for market players. The development of next-generation EVs with longer ranges and smart connectivity features will further drive consumer adoption and enhance the competitiveness of the industry.

Key Features of the Study:
  • This report provides in-depth analysis of the U.S. electric vehicle market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the U.S. electric vehicle market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Tesla, BYD, Volkswagen, General Motors, Stellantis, Geely Auto Group, BMW Group, Hyundai Motors, Nissan, Ford, Mercedes-Benz, Toyota, Honda, Rivian, and Lucid Motors
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The U.S. electric vehicle market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Market Segmentation
  • Propulsion Technology Insights (Revenue, USD Bn, 2020 - 2032)
  • Battery Electric Vehicles (BEVs)
  • Hybrid Electric Vehicles (HEVs)
  • Plug-in Hybrid Electric Vehicles (PHEVs)
  • Fuel Cell Electric Vehicles (FCEVs)
  • Key Players Insights
  • Tesla
  • BYD
  • Volkswagen
  • General Motors
  • Stellantis
  • Geely Auto Group
  • BMW Group
  • Hyundai Motors
  • Nissan
  • Ford
  • Mercedes-Benz
  • Toyota
  • Honda
  • Rivian
  • Lucid Motors

Table of Contents

165 Pages
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
U.S. Electric Vehicle Market, By Propulsion Type
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER’s Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends
4. U.S. Electric Vehicle Market, By Propulsion Type, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Battery Electric Vehicles (BEVs)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Hybrid Electric Vehicles (HEVs)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Plug-in Hybrid Electric Vehicles (PHEVs)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Fuel Cell Electric Vehicles (FCEVs)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
5. Competitive Landscape
Tesla
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
BYD
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Volkswagen
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
General Motors
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Stellantis
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Geely Auto Group
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
BMW Group
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Hyundai Motors
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Nissan
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Ford
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Mercedes-Benz
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Toyota
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Honda
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Rivian
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Lucid Motors
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
6. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
7. References and Research Methodology
References
Research Methodology
About us
*Browse 32 market data tables and 28 figures on ‘Electric Vehicle Market' – U.S. forecast to 2032

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