United States Electric Car Market Growth, Demand and Challenges of the Key Industry Players 2032
                     United States Electric 
Car Market Research 
and Forecast Report 
2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
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IMARC Group is  a g lobal  management  consul t ing f i rm that  he lps the wor ld ’s  most  ambi t ious 
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resul ts ,  gain a compet i t ive edge,  and t ransform indust r ies .  IMARC Group excels  in  unders tanding 
i ts  c l ients ’  bus iness pr ior i t ies  and del iver ing ta i lored solut ions that  dr ive meaningfu l  outcomes.  Our 
c l ient  base spans over  3,000 organizat ions in  the pr ivate,  publ ic ,  and soc ia l  sectors ,  ranging f rom 
high-growth s tar tups to For tune 500 companies.
We prov ide a comprehensive sui te of  market  entry  and expansion serv ices.  Our of fer ings inc lude 
thorough market  assessment ,  feas ib i l i ty  s tudies,  company incorporat ion ass is tance,  fac tory  setup 
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compet i t ive landscape and benchmark ing analyses,  pr ic ing and cost  research,  and procurement  
research.  These serv ices are des igned to ass is t  companies in  evaluat ing market  oppor tuni t ies ,  
set t ing up new ent i t ies ,  navigat ing regulatory landscapes,  boost ing brand v is ib i l i ty ,  analyz ing 
compet i tors,  and opt imiz ing procurement  s t rategies.
A c c o r d i n g  t o  t h e  l a t e s t  r e p o r t  b y  I M A R C  G r o u p ,  t i t l e d  " U n i t e d  S t a t e s  E l e c t r i c  C a r  M a r k e t :  
I n d u s t r y  T r e n d s ,  S h a r e ,  S i z e ,  G r o w t h ,  O p p o r t u n i t y  a n d  F o r e c a s t  2 0 2 4 - 2 0 3 2 , "  t h e  U n i t e d  
S t a t e s  e l e c t r i c  c a r  m a r k e t  s i z e  i s  p r o j e c t e d  t o  e x h i b i t  a  g r o w t h  r a t e  ( C A G R )  o f  1 6 . 4 %  d u r i n g  
2 0 2 4 - 2 0 3 2 .
C o n s u m e r s  a r e  b e c o m i n g  m o r e  c o n s c i o u s  o f  t h e  e n v i r o n m e n t a l  i m p a c t  o f  t r a d i t i o n a l  i n t e r n a l  
Report c o m b u s t i o n  e n g i n e  ( I C E )  v e h i c l e s ,  p a r t i c u l a r l y  i n  t e r m s  o f  g r e e n h o u s e  g a s  e m i s s i o n s  a n d  a i r  
p o l l u t i o n .  T h i s  g r o w i n g  e n v i r o n m e n t a l  c o n s c i o u s n e s s ,  c o u p l e d  w i t h  t h e  d e s i r e  t o  r e d u c e  
r e l i a n c e  o n  f o s s i l  f u e l s ,  h a s  l e d  m a n y  i n d i v i d u a l s  t o  c o n s i d e r  e l e c t r i c  v e h i c l e s  ( E V s )  a s  a  
Highlight and v i a b l e  a l t e r n a t i v e .  T h e  r i s e  i n  e x t r e m e  w e a t h e r  e v e n t s  a n d  t h e  p u s h  f o r  m o r e  s u s t a i n a b l e  
p r a c t i c e s  a c r o s s  v a r i o u s  i n d u s t r i e s  h a v e  f u r t h e r  r e i n f o r c e d  t h e  n e e d  f o r  c l e a n e r  t r a n s p o r t a t i o n  
o p t i o n s .  
Description A d d i t i o n a l l y ,  t h e  e d u c a t i o n a l  c a m p a i g n s  a n d  m e d i a  c o v e r a g e  s u r r o u n d i n g  c l i m a t e  c h a n g e  a n d  
s u s t a i n a b i l i t y  h a v e  p l a y e d  a  s i g n i f i c a n t  r o l e  i n  s h a p i n g  p u b l i c  p e r c e p t i o n  a n d  i n c r e a s i n g  
c o n s u m e r  i n t e r e s t  i n  e l e c t r i c  c a r s .  A s  a  r e s u l t ,  m o r e  c o n s u m e r s  a r e  w i l l i n g  t o  i n v e s t  i n  E V s ,  
w h i c h  a r e  s e e n  a s  a  k e y  s o l u t i o n  t o  r e d u c i n g  c a r b o n  f o o t p r i n t s  a n d  c o n t r i b u t i n g  t o  g l o b a l  
e f f o r t s  t o  c o m b a t  c l i m a t e  c h a n g e .
R e q u e s t  f o r  a  P D F  s a m p l e  o f  t h i s  r e p o r t :  
h t t p s : / / w w w . i m a r c g r o u p . c o m / u n i t e d - s t a t e s - e l e c t r i c - c a r - m a r k e t / r e q u e s t s a m p l e
Report Description
U n i t e d  S t a t e s  E l e c t r i c  C a r  Ma r k e t  T r e n d s :
T he  a dv a n ce m e n t  i n  e l e c t r i c  v e h i c l e  t ec h n o l o gy  i s  a n o th e r  c r i t i c a l  f a c t o r  d r i v i n g  t h e  m a r ke t  i n  t h e  U n i te d  S t a t e s .  
I mp r ov e m en t s  i n  b a t t e r y  t e ch n o l o g y  h a ve  r e su l t e d  i n  l o n g e r  r a n g es ,  f a s t e r  ch a r g i n g  t i m es ,  an d  i n c r e a se d  o v e ra l l  ve h i c l e  
e f f i c i e n cy .  T h e s e  te c h n o l og i c a l  a d v a n c em e n t s  h a v e  a dd r e s s e d  s o me  o f  t h e  p r i m a r y  c on c e r n s  a s so c i a t e d  w i t h  e l e c t r i c  c a r s ,  
su c h  a s  l i m i t e d  d r i v i n g  r a n g e  a n d  l e n g th y  ch a r g i ng  t i me s ,  m a k i ng  E V s  m or e  ap p e a l i n g  t o  a  b r o ad e r  a u d i en c e .  F u r t h e r mo r e ,  
t he  r ed u c t i on  i n  b a t t e r y  co s t s  o v e r  t h e  p a s t  d e c a de  h as  ma d e  e l e c t r i c  ca r s  m o re  a f f o r d ab l e ,  e n a b l i n g  t h e m  t o  c o mp e te  mo r e  
e f f e c t i ve l y  w i t h  t r a d i t i o na l  I C E  v e h i c l e s  i n  t e r ms  o f  p r i c e .  A l o n gs i d e  th e s e  t e c h n o l og i c a l  s t r i d e s ,  t h e  e x p an s i o n  o f  c h a r g i n g  
i n f r a s t r uc t u re  a c r os s  t h e  c o u n t r y  i s  a l s o  p l ay i n g  a  p i v o t a l  r o l e  i n  t h e  g r o w t h  o f  t h e  e l e c t r i c  c a r  m a r ke t .  
T he  f e d e r a l  g ov e r n me n t ,  s t a t e  g o v e r n m en t s ,  an d  p r i v a t e  c o mp a n i e s  a r e  m a k i n g  s ub s t a n t i a l  i n v es t m e n t s  i n  b u i l d i ng  a  
co m p r eh e n s i v e  n e tw o r k  o f  c h a r g i n g  s t a t i o n s ,  w h i c h  ha s  s i g n i f i ca n t l y  r e d u ce d  r a n ge  a nx i e t y  a m on g  p o t en t i a l  E V  b u y e r s .  T h e  
av a i l a b i l i t y  o f  c o n v en i e n t  a n d  a cc e s s i b l e  c h a r g i n g  po i n t s ,  bo t h  i n  u r ba n  a n d  r u ra l  a r e a s ,  i s  en c o u ra g i n g  mo r e  c on s u m e rs  t o  
co n s i d e r  e l e c t r i c  v e h i c l es  a s  a  p ra c t i c a l  op t i o n  fo r  t h e i r  d a i l y  t r a n s po r t a t i on  n e ed s .  A d d i t i o n a l l y ,  t h e  c o mm i t me n t  o f  ma j o r  
au t o m o t i v e  m a n u f a c t u re r s  t o  i nc r e a s e  t h e  p r o du c t i o n  o f  e l e c t r i c  v eh i c l e s  i s  e n su r i n g  a  s t e a d y  s up p l y  o f  n e w  m od e l s  i n  t h e  
ma r k e t ,  f u r th e r  d r i v i n g  co n s u me r  i n t e r e s t  a n d  ma r k e t  g r o w th .
V i e w  R e p o r t  T O C ,  F i g u r e s  a n d  T a b l e s :  h t t p s : / / w ww . i m a r c g ro u p . co m / u n i t e d - s ta t e s - e l e c t r i c - c a r - m a rk e t
Breakup by Type:
• Battery Electr ic Vehicle
• Plug-In Hybrid Electr ic Vehicle
• Fuel Cel l  E lectr ic Vehicle
 
Breakup by Vehicle Class:
Report • Mid-Pr iced
• Luxury
Segmentation
Breakup by Vehicle Drive Type:
• Front Wheel Drive
• Rear Wheel Drive
• All -Wheel Drive
Breakup by Region:
• Northeast
• Midwest
• South
• West
Report 
Segmentation
How has the United States electric car market 
performed so far, and how will it perform in the coming 
years?
What are the drivers, restraints, and opportunities in 
the United States electric car market?
Key What is the impact of each driver, restraint, and 
opportunity on the United States electric car market?
Questions 
Answered in What is the breakup of the market based on the type?
the Report
Which is the most attractive type in the United States 
electric car market?
What is the breakup of the market based on the vehicle 
class?
Which is the most attractive vehicle class in the United 
States electric car market?
What is the breakup of the market based on the vehicle 
drive type?
Which is the most attractive vehicle drive type in the 
United States electric car market?
Key What is the breakup of the market based on imports and domestic manufacturing?
Questions 
What is the competitive structure of the United States 
Answered in electric car market?
the Report Who are the key players/companies in the United States 
electric car market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
Table of         2 . 4 . 1     B o t t o m - U p  A p p r o a c h        2 . 4 . 2     T o p - D o w n  A p p r o a c h
    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4    U n i t e d  S t a t e s  E l e c t r i c  C a r  M a r k e t  -  I n t r o d u c t i o n  
Contents     4 . 1     O v e r v i e w      4 . 2     M a r k e t  D y n a m i c s  
    4 . 3     I n d u s t r y  T r e n d s  
    4 . 4     C o m p e t i t i v e  I n t e l l i g e n c e  
5    U n i t e d  S t a t e s  E l e c t r i c  C a r  M a r k e t  L a n d s c a p e  
    5 . 1     H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )  
    5 . 2     M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )  
6    U n i t e d  S t a t e s  E l e c t r i c  C a r  M a r k e t  -  B r e a k u p  b y  T y p e  
    6 . 1     B a t t e r y  E l e c t r i c  V e h i c l e
        6 . 1 . 1  O v e r v i e w  
        6 . 1 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )  
        6 . 1 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )  
    6 . 2     P l u g - I n  H y b r i d  E l e c t r i c  V e h i c l e
        6 . 2 . 1  O v e r v i e w  
        6 . 2 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )  
        6 . 2 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
       
   6 . 3     F u e l  C e l l  E l e c t r i c  V e h i c l e
        6 . 3 . 1  O v e r v i e w  
        6 . 3 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )  
        6 . 3 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )  
7    U n i t e d  S t a t e s  E l e c t r i c  C a r  M a r k e t  -  B r e a k u p  b y  V e h i c l e  C l a s s  
 
    7 . 1     M i d - P r i c e d  
        7 . 1 . 1  O v e r v i e w  
        7 . 1 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )  
        7 . 1 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )  
Table of     7 . 2     L u x u r y        7 . 2 . 1  O v e r v i e w  
        7 . 2 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )  
        7 . 2 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )  
Contents 8    U n i t e d  S t a t e s  E l e c t r i c  C a r  M a r k e t  -  B r e a k u p  b y  V e h i c l e  D r i v e  T y p e  
    8 . 1     F r o n t  W h e e l  D r i v e
        8 . 1 . 1  O v e r v i e w  
        8 . 1 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )  
        8 . 1 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )  
    8 . 2     R e a r  W h e e l  D r i v e
        8 . 2 . 1  O v e r v i e w  
        8 . 2 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )  
        8 . 2 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )  
    8 . 3     A l l - W h e e l  D r i v e
        8 . 3 . 1  O v e r v i e w  
        8 . 3 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )  
        8 . 3 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )  
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
ht t ps : / /w ww. i ma rc gro up . c o m /u n i t ed - s ta t es -e l ec t r i c - c a r-m a rke
t / t o c
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