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North America Electric Passenger Car Market



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By : vikas godage    29 or more times read
Submitted 2019-01-31 12:26:04
North America Electric Passenger Car Market is expected to reach US$ 41.1Bn by 2026 from US$ 10.2Bn in 2017 at CAGR of 19.3%.

North America Electric Passenger Car Market is vehicle type, technology, driving range and region. Vehicle type are divided into hatchback, sedan and SUV. Technology is split into battery electric vehicle and plug-in hybrid electric vehicle. Driving range is classified as Up to 150 Miles and Above 150 Miles. Based on country includes North America, US & Canada.

North America Electric Passenger Car Market

Manufacture of cars has been increasing for the last few years, which is expected to drive the electric passenger car market during the forecast period. Increasing concerns regarding energy security, fossil fuel emissions, and long-term industrial competitiveness are expected to prompt governments of various nations to positively take some action in order to seek a partial solution by means of creating incentives or to make investments in the automotive sector in order to fuel the electric passenger car market in the near future. Progressively stringent norms and regulations regarding increased fuel-efficiency and reduced carbon footprint, which are being laid down by the governments of various nations across the world, are further expected to propel the electric passenger car market during the forecast period.

Based on vehicle type, hatchback segment is expected to expand at a significant growth rate during the forecast period due to the increased production volumes of hatchback cars in recent years. A hatchback is a vehicle type with a rear door that opens upwards. They usually feature a four-door configuration, excluding the rear door. Moreover, two-door hatchbacks are not uncommon. Such as four-door hatchbacks are Maruti Suzuki Alto 800, Renault Kwid, Hyundai Grand i10, etc.

On the basis of technology, battery electric vehicle is dominating the market. BEVs use electric motors and motor controllers as an alternative of internal combustion engines (ICEs) for propulsion. An electric car booming solar panels to power it is a solar car, and an electric car powered by a gasoline generator is a form of hybrid car. So, an electric car that derives its power from an on-board battery pack is a form of battery electric vehicle (BEV).

Key players operating on the North America electric passenger car market are, BYD Company Limited, BAIC Motor Corporation., Ltd, Tesla Inc., BMW AG, Volkswagen AG, General Motors Company, Nissan Motor Corporation, Audi AG, Ford Motor Company, and Renault SA.

For More Information Visit here https://www.maximizemarketresearch.com/market-report/north-america-electric-passenger-car-market/21139/

Scope of the North America Electric Passenger Car Market:

North America Electric Passenger Car Market, By Vehicle type

• Hatchback
• Sedan
• SUV
North America Electric Passenger Car Market, By Technology

• Battery Electric Vehicle
• Plug-in Hybrid Electric Vehicle
North America Electric Passenger Car Market, By Driving range

• Up to 150 Miles
• Above 150 Miles
North America Electric Passenger Car Market, By Country

• North America
• US
• Canada
Key players operating on the North America electric passenger car market

• BYD Company Limited
• BAIC Motor Corporation. Ltd
• Tesla Inc.
• BMW AG
• Volkswagen AG
• General Motors Company
• Nissan Motor Corporation
• Audi AG
• Ford Motor Company
• Renault SA.

For More Information Visit here https://www.maximizemarketresearch.com/market-report/north-america-electric-passenger-car-market/21139/

This Report is published by Maximize Market Research https://www.maximizemarketresearch.com
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