The recently released North America Electric Vehicle Market Report 2024, delivers an in-depth analysis of the market. This comprehensive evaluation includes size, product specifications, cost structures, industry connections, and an overview of the market landscape. Additionally, the report offers detailed insights into the North America Electric Vehicle market’s size, volume, and forecasts across various product types, applications, and end-users. With its expert insights, the report serves as a crucial guide for enterprises seeking a strategic comprehension of the constantly evolving technology sector.
Who are the Largest Manufacturers of North America Electric Vehicle Market Globally?
- Tesla, Inc.
- General Motors Company
- Ford Motor Company
- Rivian Automotive, LLC
- Lucid Motors, Inc.
- Fisker Inc.
- Lordstown Motors Corp.
- Nikola Corporation
- Faraday Future Inc.
- Canoo Inc.
- Bollinger Motors
- Karma Automotive LLC
- Atlis Motor Vehicles, Inc.
- Alpha Motor Corporation
- ElectraMeccanica Vehicles Corp.
- Lightning eMotors Inc.
- Xos Trucks Inc.
- Workhorse Group Inc.
- Proterra Inc.
- Lion Electric Co.North America Electric Vehicle Market Recent Developments
- In July 2023, Seven of the world’s leading automakers, BMW Group, General Motors, Honda, Hyundai, Kia, Mercedes-Benz Group, Stellantis NV announced that they were creating a joint venture to accelerate the transition to electric vehicles in North America, by making EV charging more convenient, accessible and reliable.
- The advanced EV battery materials company Posco Future M, based in South Korea, and General Motors (GM) announced in June 2023 that they would be investing an additional $1 billion in their new cathode production facility in Ontario, Canada. The increased manufacturing of precursor materials (pCAM) and cathode active materials (CAM) in North America will be facilitated by the additional funding. The primary raw material, known as CAM, which is made up of lithium and one or more secondary metals, is responsible for a significant portion of the output and roughly 40% of the price of EV batteries.
- Ford said in March 2023 that, in order to meet strong consumer demand, it will boost electric vehicle production at its North American manufacturing facilities. Ford’s Cuautitlan (Mexico), Detroit, and Kansas City plants will produce more Mustang Mach-E, F-150 Lightning, and E-Transit electric vehicles going forward. In February, sales of electric vehicles rose by 68 percent. By the end of 2023, Ford intends to ramp up production of the F-150 Lightning at the Rouge Electric Vehicle Center, reaching a run rate of 150,000 units annually. The best-selling electric pickup truck in the US is the F-150 Lightning, with 15,617 sales in 2022 and 3,600 in the first two months of this year.
North America Electric Vehicle Market’s Drivers and Restraints:
The report delves into crucial aspects of the North America Electric Vehicle market, including production costs, supply chain dynamics, and raw material dependencies. It offers an analysis of how the COVID-19 pandemic has affected the industry and provides actionable recommendations for businesses to navigate evolving market conditions effectively. Key market restraints, such as economic challenges in emerging nations and obstacles within the business landscape, are identified and explored in detail. Understanding these risks enables businesses to devise strategies aimed at mitigating challenges and ensuring sustained success in this dynamic industry.
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North America Electric Vehicle Market Size And Scope
The North America Electric Vehicle market has experienced notable growth in recent years, propelled by the rising demand for power electronics across various sectors, including automotive, telecommunications, and renewable energy. This market is poised for further expansion as the global adoption of electric vehicles and renewable energy sources accelerates. North America Electric Vehicle s are highly valued for their exceptional thermal conductivity, electrical insulation, and mechanical strength, making them indispensable in power modules and electronic components. With ongoing advancements in technology and manufacturing, the applications of North America Electric Vehicle s are expected to broaden, extending their reach into an even wider array of uses in the near future.
Regional Segmentation:
- North America: U.S., Canada and Mexico
- Europe: Germany, France, U.K., Italy, Spain, and Rest of Europe
- Asia Pacific: China, India, Japan, South Korea, Southeast Asia, and Rest of Asia Pacific
- South America: Brazil, Argentina, and Rest of Latin America
- Middle East & Africa: GCC Countries, South Africa, and Rest of Middle East & Africa
Why You Should Purchase This Report:
- Discovering Valuable Connections: Uncover potential suppliers and partnership opportunities highlighted in the report.
- Market Dynamics and Trends: Grasp a complete understanding of the global North America Electric Vehicle market’s dynamics and trends.
- In-Depth Market Analysis: Explore the latest market trends and thorough competitive analysis, along with other key insights about the global market.
- Spotting Potential Collaborators: Learn about potential future partners, suppliers, or affiliates outlined in the report.
- Strategic Mergers and Acquisitions: Strategically plan mergers and acquisitions by identifying top manufacturers in the industry.
- Identifying Emerging Competitors: Recognize emerging players who have strong product offerings, allowing you to devise effective strategies to stay competitive.
- Targeting New Clients or Partners: Identify potential new clients or partners within your desired audience.
- Strategizing Based on Industry Leaders: Develop tactical plans by understanding the key areas of focus for leading companies.
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
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