United States Electric Vehicles Market by Product Type, Distribution Channel, End User 2024-2032
                     United States Electric 
Vehicles Market 
Research and Forecast 
Report 2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
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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  V e h i c l e s  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  v e h i c l e s  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  3 1 . 6 %  d u r i n g  2 0 2 4 - 2 0 3 2 .
E x p a n d i n g  u r b a n i z a t i o n  a l o n g  w i t h  d e m o g r a p h i c  s h i f t s  a r e  s i g n i f i c a n t  f a c t o r s  d r i v i n g  t h e  g r o w t h  o f  
t h e  U n i t e d  S t a t e s  e l e c t r i c  v e h i c l e s  ( E V )  m a r k e t .  G o v e r n m e n t  i n i t i a t i v e s  a i m e d  a t  r e d u c i n g  
Report 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  p r o m o t i n g  s u s t a i n a b l e  e n e r g y  s o u r c e s  a r e  a l s o  c o n t r i b u t i n g  t o  t h e  m a r k e t ’ s  g r o w t h .  F e d e r a l  a n d  s t a t e - l e v e l  i n c e n t i v e s ,  i n c l u d i n g  t a x  c r e d i t s ,  r e b a t e s ,  a n d  g r a n t s  f o r  E V  
p u r c h a s e s  a n d  c h a r g i n g  i n f r a s t r u c t u r e ,  m a k e  e l e c t r i c  v e h i c l e s  m o r e  a c c e s s i b l e  a n d  a p p e a l i n g  t o  
c o n s u m e r s .  M o r e o v e r ,  a d v a n c e m e n t s  i n  b a t t e r y  t e c h n o l o g y  h a v e  l e d  t o  l o n g e r  r a n g e s  a n d  s h o r t e r  
Highlight and c h a r g i n g  t i m e s ,  e n h a n c i n g  t h e  p r a c t i c a l i t y  a n d  c o n v e n i e n c e  o f  E V s .  T h e  r i s e  o f  s h a r e d  m o b i l i t y  
s e r v i c e s  a n d  c a r - s h a r i n g  p l a t f o r m s  f u r t h e r  a c c e l e r a t e s  t h e  a d o p t i o n  o f  e l e c t r i c  v e h i c l e s ,  c a t e r i n g  t o  
u r b a n  d w e l l e r s ’  p r e f e r e n c e  f o r  c o s t - e f f e c t i v e  a n d  e n v i r o n m e n t a l l y  f r i e n d l y  t r a n s p o r t a t i o n  o p t i o n s .  
Description A n o t h e r  k e y  d r i v e r  i s  t h e  s u b s t a n t i a l  i n v e s t m e n t  f r o m  b o t h  d o m e s t i c  a n d  i n t e r n a t i o n a l  a u t o m a k e r s  i n  t h e  d e v e l o p m e n t  a n d  p r o d u c t i o n  o f  e l e c t r i c  v e h i c l e s .  C o m p a n i e s  l i k e  T e s l a ,  G e n e r a l  M o t o r s ,  a n d  F o r d  
a r e  l e a d i n g  t h e  c h a r g e  w i t h  i n n o v a t i v e  m o d e l s  a n d  e x p a n d e d  E V  l i n e u p s ,  w h i l e  n e w  e n t r a n t s  a n d  
s t a r t u p s  c o n t r i b u t e  t o  a  c o m p e t i t i v e  m a r k e t  l a n d s c a p e .  F u r t h e r m o r e ,  c o l l a b o r a t i o n s  a n d  p a r t n e r s h i p s  
b e t w e e n  a u t o m a k e r s  a n d  t e c h n o l o g y  c o m p a n i e s  a r e  f o s t e r i n g  a d v a n c e m e n t s  i n  a u t o n o m o u s  d r i v i n g  
f e a t u r e s  a n d  s m a r t  v e h i c l e  t e c h n o l o g i e s .
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 - v e h i c l e s - m a r k e t / r e q u e s t s a m p l e
Report Description
Uni ted Sta tes  E lect r ic  Vehic les  Marke t  Trends :
Key t rends  in  the  Un i ted  S ta tes  EV  marke t  i nc lude  sus ta inab i l i t y  and  techno log ica l  i nnova t ion .  Wi th  a  s t rong  
emphas is  on  reduc ing  the  ca rbon  foo tp r in t  o f  t ranspor ta t ion ,  au tomake rs  a re  inc reas ing ly  p roduc ing  veh ic les  w i th  
ze ro  emiss ions ,  u t i l i z ing  renewab le  energy  sources  and  sus ta inab le  manu fac tu r ing  p rac t ices .  Advanced  
techno log ies  such  as  connec ted  veh ic le  sys tems,  A I ,  and  IoT  so lu t ions  a re  be ing  in teg ra ted  in to  EVs ,  enhanc ing  
veh ic le  pe r fo rmance ,  sa fe ty ,  and  user  expe r ience .  The  deve lopment  o f  veh ic le - to -g r id  (V2G)  capab i l i t ies ,  
enab l ing  EVs  to  feed  energy  back  in to  the  g r id ,  i s  ano ther  s ign i f i can t  t rend  p romot ing  energy  e f f i c iency  and  g r id  
s tab i l i t y .  
Moreover ,  the  need  fo r  access ib le  and  user - f r iend ly  EV des igns  is  in f l uenced  by  the  ag ing  popu la t ion ,  w i th  the  
marke t  w i tness ing  the  in t roduc t ion  o f  more  sen io r - f r iend ly  veh ic les  equ ipped  w i th  advanced  sa fe ty  fea tu res  and  
e rgonomic  des igns .  Add i t iona l l y ,  the  g row ing  popu la r i t y  o f  e lec t r i c  b icyc les  and  scoo te rs  as  las t -m i le  
t ranspo r ta t ion  so lu t ions  i s  expec ted  to  d r i ve  the  US EV marke t  f u r the r .
View Repor t  TOC,  F igures  and  Tables :  h t tps: / /www. imarcgroup.com/uni ted -s ta tes-e lect r ic -vehic les -marke t
Breakup by Component:
• Battery Cel ls and Packs
• On-Board Charger
• Fuel Stack
 
Breakup by Charging Type:
Report • Slow Charging
• Fast Charging
Segmentation
Breakup by Propulsion Type:
• Battery Electr ic Vehicle (BEV)
• Fuel Cel l  E lectr ic Vehicle (FCEV)
• Plug-In Hybrid Electr ic Vehicle (PHEV)
• Hybrid Electric Vehicle (HEV)
Breakup by Vehicle Type:
• Passenger Vehicles
• Commercial  Vehicles
• Others
Report Breakup by Region:
• Northeast
Segmentation • Midwest
• South
• West
How has the United States electric vehicles 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 vehicles market?
What is the impact of each driver, restraint, and opportunity 
Key on the United States electric vehicles market?
Questions What is the breakup of the market based on the component?
Answered in 
Which is the most attractive component in the United States 
electric vehicles market?
the Report
What is the breakup of the market based on the charging 
type?
Which is the most attractive charging type in the United 
States electric vehicles market?
What is the breakup of the market based on the propulsion 
type?
Which is the most attractive propulsion type in the United 
States electric vehicles market?
What is the breakup of the market based on the vehicle 
type?
Key Which is the most attractive vehicle type in the United 
States electric vehicles market?
Questions 
Answered in What is the competitive structure of the United States electric vehicles market?
the Report
Who are the key players/companies in the United States 
electric vehicles 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  V e h i c l e s  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  V e h i c l e s  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  V e h i c l e s  M a r k e t  -  B r e a k u p  b y  C o m p o n e n t
    6 . 1     B a t t e r y  C e l l s  a n d  P a c k s
        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     O n - B o a r d  C h a r g e r
        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  S t a c k
        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  V e h i c l e s  M a r k e t  -  B r e a k u p  b y  
C h a r g i n g  T y p e
    7 . 1     S l o w  C h a r g i n g
        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 )
    7 . 2     F a s t  C h a r g i n g
Table of         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 )
8    U n i t e d  S t a t e s  E l e c t r i c  V e h i c l e s  M a r k e t  -  B r e a k u p  b y  
Contents P r o p u l s i o n  T y p e    8 . 1     B a t t e r y  E l e c t r i c  V e h i c l e  ( B E V )
        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     F u e l  C e l l  E l e c t r i c  V e h i c l e  ( F C E V )
        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     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  ( P H E V )
        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 )
    8 . 4     H y b r i d  E l e c t r i c  V e h i c l e  ( H E V )     
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
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ma rke t / t o c
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