North America electric vehicle market is expected to grow by 21.5% annually in the forecast period and reach $229.7 billion by 2030.
Highlighted with 31 tables and 65 figures, this 119-page report "North America Electric Vehicle (EV) Market 2020-2030 by Offering, Propulsion Technology (BEV, HEV, PHEV, FCEV), Power Source, Charging Level (Level 1, Level 2, Fast Charging), Vehicle Type, and Country: Trend Outlook and Growth Opportunity" is based on a comprehensive research of the entire North America electric vehicle market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. In this report 2019 is the base year for market analysis, with estimates and forecast covering 2020-2030. (Please Note: The report will be updated before delivery to make sure that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter's Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view. The balanced (most likely) projection is used to quantify North America electric vehicle market in every aspect of the classification from perspectives of Offering, Propulsion Technology, Power Source, Charging Level, Vehicle Type, and Country.
Based on offering, the North America market is segmented into the following sub-markets with annual revenue ($ bn) for 2019-2030 included in each section.
Hardware
• Battery
• Motor
• Regenerative Brakes
• Infotainment System
• On-Board Charger
Software
Service
Based on Propulsion Technology, the North America market is segmented into the following sub-markets with annual revenue ($ bn) and sales volume (million units) for 2019-2030 included in each section.
• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
• Fuel Cell Electric Vehicle (FCEV)
Based on Power Source, the North America market is segmented into the following sub-markets with annual revenue ($ bn) and sales volume (million units) for 2019-2030 included in each section.
• Onboard Electricity Storage
• Onboard Electricity Generation
Based on Charging Level, the North America market is segmented into the following sub-markets with annual revenue ($ bn) and sales volume (million units) for 2019-2030 included in each section. Each segment is further split by sensor type.
• Level 1
• Level 2
• Fast Charging
Based on Vehicle Type, the North America market is segmented into the following sub-markets with annual revenue ($ bn) and sales volume (million units) for 2019-2030 included in each section.
Passenger Cars
Commercial Vehicles
• Buses
• Heavy Trucks
• Light Commercial Vehicles
Two-Wheelers
Other Vehicle Types
Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
For each of the aforementioned countries, market analysis and revenue/sales volume data are available for 2019-2030. The breakdown of major national markets by Propulsion Technology, Charging Level, and Vehicle Type over the study years (2019-2030) is also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in North America electric vehicle market are assayed quantitatively and qualitatively through GMD's Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players (this may not be a complete list and extra companies can be added upon request):
BMW Group
BYD Company Ltd.
Ford Motor Company
Geely-Volvo
General Motors Company
Honda Motors Co., Ltd.
Hyundai-Kia
LG Chem Ltd.
Mitsubishi Motors Corporation
Nissan Motor Corporation Ltd.
Panasonic Corporation
SAIC
Samsung SDI
Tesla Inc.
Toyota Motor Corporation
Volkswagen Group
(Please Note: The report will be updated before delivery to make sure that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 18
2.1 Market Size and Forecast 18
2.2 Major Growth Drivers 22
2.3 Market Restraints and Challenges 25
2.4 Emerging Opportunities and Market Trends 28
2.5 Porter's Fiver Forces Analysis 31
3 Segmentation of North America Market by Offering 35
3.1 Market Overview by Offering 35
3.2 Hardware 37
3.3 Software 38
3.4 Service 39
4 Segmentation of North America Market by Propulsion Technology 40
4.1 Market Overview by Propulsion Technology 40
4.2 Battery Electric Vehicle (BEV) 43
4.3 Hybrid Electric Vehicle (HEV) 45
4.4 Plug-in Hybrid Electric Vehicle (PHEV) 47
4.5 Fuel Cell Electric Vehicle (FCEV) 49
5 Segmentation of North America Market by Power Source 51
5.1 Market Overview by Power Source 51
5.2 Onboard Electricity Storage 54
5.3 Onboard Electricity Generation 56
6 Segmentation of North America Market by Charging Level 58
6.1 Market Overview by Charging Level 58
6.2 Level 1 Charging 62
6.3 Level 2 Charging 64
6.4 Fast Charging 66
7 Segmentation of North America Market by Vehicle Type 68
7.1 Market Overview by Vehicle Type 68
7.2 Passenger Cars 71
7.3 Commercial Vehicles 73
7.4 Two-Wheelers 76
7.5 Other Vehicle Types 78
8 North America Market 2019-2030 by Country 80
8.1 Overview of North America Market 80
8.2 U.S. Market 83
8.3 Canadian Market 87
9 Competitive Landscape 90
9.1 Overview of Key Vendors 90
9.2 New Product Launch, Partnership, Investment, and M&A 94
9.3 Company Profiles 96
BMW Group 96
BYD Company Ltd. 98
Ford Motor Company 99
Geely-Volvo 100
General Motors Company 101
Honda Motors Co., Ltd. 102
Hyundai-Kia 103
LG Chem Ltd. 104
Mitsubishi Motors Corporation 105
Nissan Motor Corporation Ltd. 106
Panasonic Corporation 107
SAIC 108
Samsung SDI 109
Tesla Inc. 110
Toyota Motor Corporation 111
Volkswagen Group 112
10 Investing in North America Market: Risk Assessment and Management 113
10.1 Risk Evaluation of North America Market 113
10.2 Critical Success Factors (CSFs) 116
Related Reports and Products 119
Table 1. Snapshot of North America Electric Vehicle Market, 2019-2030 17
Table 2. Milestones of Electric Vehicle Development, 1996-2019 20
Table 3. Main Product Trends and Market Opportunities in North America Electric Vehicle Market 28
Table 4. North America Electric Vehicle Market by Offering, 2019-2030, $ bn 35
Table 5. North America Electric Vehicle Market by Component, 2019-2030, $ bn 37
Table 6. North America Electric Vehicle Market by Propulsion Technology, 2019-2030, $ bn 40
Table 7. North America Electric Vehicle Market by Propulsion Technology, 2019-2030, million units 41
Table 8. North America Electric Vehicle Market by Power Source, 2019-2030, $ bn 51
Table 9. North America Electric Vehicle Market by Power Source, 2019-2030, million units 52
Table 10. Characteristics of Charging Levels as Defined by the SAE and Charging Modes as Defined by the IEC 58
Table 11. North America Electric Vehicle Market by Charging Level, 2019-2030, $ bn 59
Table 12. North America Electric Vehicle Market by Charging Level, 2019-2030, million units 60
Table 13. North America Electric Vehicle Market by Vehicle Type, 2019-2030, $ bn 68
Table 14. North America Electric Vehicle Market by Vehicle Type, 2019-2030, million units 69
Table 15. North America Commercial Electric Vehicle Market by Vehicle Type, 2019-2030, $ bn 73
Table 16. North America Electric Vehicle Market by Country, 2019-2030, $ bn 81
Table 17. U.S. Electric Vehicle Market by Propulsion Technology, 2019-2030, $ bn 85
Table 18. U.S. Electric Vehicle Market by Charging Level, 2019-2030, $ bn 85
Table 19. U.S. Electric Vehicle Market by Vehicle Type, 2019-2030, $ bn 85
Table 20. Canada Electric Vehicle Market by Propulsion Technology, 2019-2030, $ bn 89
Table 21. Canada Electric Vehicle Market by Charging Level, 2019-2030, $ bn 89
Table 22. Canada Electric Vehicle Market by Vehicle Type, 2019-2030, $ bn 89
Table 23. Breakdown of North America Market by Automaker, 2019, % 92
Table 24. Breakdown of North America Market by Battery Supplier, 2019, % 92
Table 25. BMW Group: Company Snapshot 96
Table 26. BMW Group: Business Segmentation 96
Table 27. BMW Group: Product Portfolio 97
Table 28. BMW Group: Revenue, 2016-2018, $ bn 97
Table 29. BMW Group: Recent Developments 97
Table 30. Risk Evaluation for Investing in North America Market, 2019-2030 114
Table 31. Critical Success Factors and Key Takeaways 117
Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030 16
Figure 4. North America Electric Vehicle Market, 2019-2030, $ bn 18
Figure 5. North America Electric Vehicle Market, 2019-2030, million units 19
Figure 6. Average Selling Price of Electric Vehicles, 2019-2030, thousand USD/unit 19
Figure 7. Share of Electric Vehicle Sales in Total Car Sales in Worldwide Market, 2019-2030, % 21
Figure 8. Primary Drivers and Impact Factors of North America Electric Vehicle Market 22
Figure 9. Primary Restraints and Impact Factors of North America Electric Vehicle Market 25
Figure 10. Porter's Fiver Forces Analysis of North America Electric Vehicle Market 31
Figure 11. Breakdown of North America Electric Vehicle Market by Offering, 2019-2030, % of Revenue 35
Figure 12. Contribution to North America 2020-2030 Cumulative Revenue by Offering, Value ($ bn) and Share (%) 36
Figure 13. North America Electric Vehicle Market: Hardware, 2019-2030, $ bn 37
Figure 14. North America Electric Vehicle Market: Software, 2019-2030, $ bn 38
Figure 15. North America Electric Vehicle Market: Service, 2019-2030, $ bn 39
Figure 16. Breakdown of North America Electric Vehicle Market by Propulsion Technology, 2019-2030, % of Revenue 40
Figure 17. Breakdown of North America Electric Vehicle Market by Propulsion Technology, 2019-2030, % of Sales Volume 41
Figure 18. Contribution to North America 2020-2030 Cumulative Revenue by Propulsion Technology, Value ($ bn) and Share (%) 42
Figure 19. Contribution to North America 2020-2030 Cumulative Revenue by Propulsion Technology, Volume (million units) and Share (%) 42
Figure 20. North America Electric Vehicle Market: Battery Electric Vehicle (BEV), 2019-2030, $ bn 43
Figure 21. North America Electric Vehicle Market: Battery Electric Vehicle (BEV), 2019-2030, million units 44
Figure 22. North America Electric Vehicle Market: Hybrid Electric Vehicle (HEV), 2019-2030, $ bn 45
Figure 23. North America Electric Vehicle Market: Hybrid Electric Vehicle (HEV), 2019-2030, million units 46
Figure 24. North America Electric Vehicle Market: Plug-in Hybrid Electric Vehicle (PHEV), 2019-2030, $ bn 47
Figure 25. North America Electric Vehicle Market: Plug-in Hybrid Electric Vehicle (PHEV), 2019-2030, million units 48
Figure 26. Plug-in Electric Vehicle Ownership Per Capita in Top Selling Countries, December 2018-2030, units per 1000 people 48
Figure 27. North America Electric Vehicle Market: Fuel Cell Electric Vehicle (FCEV), 2019-2030, $ bn 49
Figure 28. North America Electric Vehicle Market: Fuel Cell Electric Vehicle (FCEV), 2019-2030, million units 50
Figure 29. Breakdown of North America Electric Vehicle Market by Power Source, 2019-2030, % of Revenue 51
Figure 30. Breakdown of North America Electric Vehicle Market by Power Source, 2019-2030, % of Sales Volume 52
Figure 31. Contribution to North America 2020-2030 Cumulative Revenue by Power Source, Value ($ bn) and Share (%) 53
Figure 32. Contribution to North America 2020-2030 Cumulative Revenue by Power Source, Volume (million units) and Share (%) 53
Figure 33. North America Electric Vehicle Market: Onboard Electricity Storage, 2019-2030, $ bn 54
Figure 34. North America Electric Vehicle Market: Onboard Electricity Storage, 2019-2030, million units 55
Figure 35. North America Electric Vehicle Market: Onboard Electricity Generation, 2019-2030, $ bn 56
Figure 36. North America Electric Vehicle Market: Onboard Electricity Generation, 2019-2030, million units 57
Figure 37. Breakdown of North America Electric Vehicle Market by Charging Level, 2019-2030, % of Revenue 59
Figure 38. Breakdown of North America Electric Vehicle Market by Charging Level, 2019-2030, % of Sales Volume 60
Figure 39. Contribution to North America 2020-2030 Cumulative Revenue by Charging Level, Value ($ bn) and Share (%) 61
Figure 40. Contribution to North America 2020-2030 Cumulative Revenue by Charging Level, Volume (million units) and Share (%) 61
Figure 41. North America Electric Vehicle Market: Level 1 Charging, 2019-2030, $ bn 62
Figure 42. North America Electric Vehicle Market: Level 1 Charging, 2019-2030, million units 63
Figure 43. North America Electric Vehicle Market: Level 2 Charging, 2019-2030, $ bn 64
Figure 44. North America Electric Vehicle Market: Level 2 Charging, 2019-2030, million units 65
Figure 45. North America Electric Vehicle Market: Fast Charging, 2019-2030, $ bn 66
Figure 46. North America Electric Vehicle Market: Fast Charging, 2019-2030, million units 67
Figure 47. Breakdown of North America Electric Vehicle Market by Vehicle Type, 2019-2030, % of Revenue 68
Figure 48. Breakdown of North America Electric Vehicle Market by Vehicle Type, 2019-2030, % of Sales Volume 69
Figure 49. Contribution to North America 2020-2030 Cumulative Revenue by Vehicle Type, Value ($ bn) and Share (%) 70
Figure 50. Contribution to North America 2020-2030 Cumulative Revenue by Vehicle Type, Volume (million units) and Share (%) 70
Figure 51. North America Electric Vehicle Market: Passenger Cars, 2019-2030, $ bn 71
Figure 52. North America Electric Vehicle Market: Passenger Cars, 2019-2030, million units 72
Figure 53. North America Electric Vehicle Market: Commercial Vehicles, 2019-2030, $ bn 73
Figure 54. North America Electric Vehicle Market: Commercial Vehicles, 2019-2030, million units 75
Figure 55. North America Electric Vehicle Market: Two-Wheelers, 2019-2030, $ bn 76
Figure 56. North America Electric Vehicle Market: Two-Wheelers, 2019-2030, million units 77
Figure 57. North America Electric Vehicle Market: Other Vehicle Types, 2019-2030, $ bn 78
Figure 58. North America Electric Vehicle Market: Other Vehicle Types, 2019-2030, million units 79
Figure 59. Breakdown of North America Electric Vehicle Market by Country, 2019 and 2030, % of Revenue 81
Figure 60. Contribution to North America 2020-2030 Cumulative Revenue by Country, Value ($ bn) and Share (%) 82
Figure 61. U.S. Electric Vehicle Market, 2019-2030, $ bn 84
Figure 62. U.S. Electric Vehicle Market, 2019-2030, thousand units 84
Figure 63. Canada Electric Vehicle Market, 2019-2030, $ bn 87
Figure 64. Canada Electric Vehicle Market, 2019-2030, thousand units 88
Figure 65. Growth Stage of North America Electric Vehicle Industry over the Forecast Period 90
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