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The North America Electric Vehicle Market size was valued at USD 65 billion in 2023. It is likely to grow up to USD 220.5 billion by 2030 at a CAGR of 15.4% during the forecast period ranging between 2025 and 2030.

Electric vehicles (EVs) are the vehicles which have a motor that runs on electric. These vehicles are significantly different from conventional automobiles as they do not run on fossil fuels and therefore emit carbon to pollute the air and environment. It is a cleaner, greener and safer, mode of transportation. These efficient vehicles are often equipped with advanced technologies such as regenerative braking, sophisticated battery systems for better energy management, and more efficient electric drivetrains. This improves range and charging times along with lower operating and maintenance costs. These vehicles are used extensively for public and personal transit, delivery services, and more. The market shows higher growth possibilities with the rising adoption of these vehicles since users get easy access to charging their vehicles for their daily commute, with more developed technologies and improvements in the charging infrastructure fueling the market growth. However, inadequate charging stations and limited infrastructure in some rural regions hampers the growth of the North America electric vehicle (EV) market.

Browse market data Tables and Figures spread through 94 Pages and in-depth TOC on North America Electric Vehicle Market Component (Infotainment Systems, EV Battery Cells and Packs, Instrument Clusters, Onboard Chargers), By Propulsion Type (Plug-In Hybrid Electric Vehicles (PHEV), Battery Electric Vehicles (BEV), Fuel Cell Electric Vehicles (FCEV), Hybrid Electric Vehicles (HEV)), By Vehicle Type (Two-Wheelers, Passenger Cars (PC), Commercial Vehicles (CV)), By Power Output (Less Than 100 kW, 100 kW to 250 kW, and More Than 250 kW), By Vehicle Class (Mid-Priced, Luxury Vehicles), By EV Charging Points (Normal Charging, Supercharging), By Vehicle Drive Type ( Front-Wheel Drive, Rear-Wheel Drive, and All-Wheel Drive) and By Geography (United States, Canada, Mexico) - Forecast from 2025 to 2030.

North America Electric Vehicle Market Segmentation and Key Players

By component, EV battery cells and packs dominate the north america electric vehicle market  

EV battery cells and packs segment dominates the market due to higher share. It is also attributed to the relatively lower cost and ability to promote vehicle performance due to the higher focus on the manufacturers on improving battery performance and solid-state batteries.

"The United States dominates the north america electric vehicle market." 

The United States dominates the North American electric vehicle market mainly due to the supportive government initiatives, rising consumer awareness, well-established charging infrastructure, and strict environmental policies specifically in California.

Some of the key players in this market are Tesla, Daimler AG, Volkswagen, Ford Motor Company, Canoo, Nissan, Hyundai, Honda Motor, BMW, General Motors, TOYOTA MOTOR CORPORATION, Mitsubishi Motors Corporation

The North America Electric Vehicle Market report offers a comprehensive market segmentation analysis along with estimation for the forecast period 2025–2030.

North America Electric Vehicle Market coverage (By Value)

• Component Insight and Forecast 2025 - 2030
  • Infotainment Systems
  • EV Battery Cells and Packs
  • Instrument Clusters
  • Onboard Chargers
• Propulsion Type Insight and Forecast 2025 - 2030
  • Plug-In Hybrid Electric Vehicles (PHEV)
  • Battery Electric Vehicles (BEV)
  • Fuel Cell Electric Vehicles (FCEV)
  • Hybrid Electric Vehicles (HEV).
• Vehicle Type Insight and Forecast 2025 - 2030
  • Two-Wheelers
  • Passenger Cars (PC)
  • Commercial Vehicles (CV)
• Power Output Insight and Forecast 2025 - 2030
  • Less Than 100 kW
  • 100 kW to 250 kW
  • More Than 250 kW
• EV Charging Points Insight and Forecast 2025 - 2030
  • Normal Charging
  • Supercharging
• Vehicle Drive Type Insight and Forecast 2025 - 2030
  • Front-Wheel Drive
  • Rear-Wheel Drive
  • All-Wheel Drive

Geographical Segmentation

North America Electric Vehicle Market by Region

• United States
• Canada
• Mexico