Electric vehicle (EV) Market in US | Market Size to Grow by 1736.13 Th Units During 2021-2025
Technavio has been monitoring the electric vehicle (EV) market in us and it is expected to grow by 1736.13 th units, decelerating at a CAGR of almost 45% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Electric vehicle (EV) Market In US: Declining price of lithium-ion batteries
Electric vehicle (EV) Market In US: Key Competitors
The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. BMW Group, Daimler AG, Ford Motor Co., General Motors Co., Honda Motor Co. Ltd., Hyundai Motor Co., Renault SA, Tesla Inc., Toyota Motor Corp., and Volkswagen AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Electric vehicle (EV) Market In US: Key Highlights of the Report for 2021-2025