USA EV & EV Charging Equipment Market Outlook to 2027
Driven by growing market driven by government support and customer drive towards cost-efficient mobility
Region:North America
Author(s):Yatin Mighlani
Product Code:KR1315
April 2023
92
About the Report
The report provides a comprehensive analysis of the potential of EV & EV Charging Equipment Market in USA. The report covers an overview and genesis of the industry, market size in terms of revenue generated.
Its market segmentations include by types of EV, by end-use, by type, by technology, by battery type, by battery capacity, by voltage type, by vehicle class of EV, by EV propulsion, by type of charger, by application, by distribution channels, by source of manufacturing, by type of application and by major region; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview:
According to Ken Research estimates, the Market Size of USA EV & EV Charging Equipment has shown increasing trend from 2017 to 2022. The EV market faced the brunt due the COVID-19 outbreak. Lockdown resulted in the temporary closure of manufacturing plants & other businesses that have negatively affected the sales of electric two wheelers leading to flatter growth in 2020. Also, the public and private charging stations have been expanding at a rapid rate in the recent years.
- The US consumer being generally wealthy with a higher GDP per capita will prefer a four-wheeler over two-wheelers.
- people’s inclination towards EVs and government effort towards setting up the requisite infrastructure will promote Electric Vehicles across the country.
- Higher income states like California have higher concentration of Electric Vehicle Charging Infrastructure owing to high number of Electric Vehicles.
Key Trends by Market Segment:
By Type of EV: Electric 4-wheelers hold the majority share in Volume as well as Value in the Electric Vehicle Market owing to the preference and high income of end-users.
By 2-Wheeler Type: High-end versions of E-motorcycles are most sold in the Electric 2-wheeler market and are priced at over $15,000.
Competitive Landscape:
Future Outlook:
Market Size of USA EV and EV Charging Equipment Market is expected to show increasing trend from 2022 to 2027. This is owing to the high-end motorcycle enthusiasts and higher concentration of electric vehicle charging infrastructure. Also, government initiatives and programs such a large amount of incentives and tax rebates on buying of four-wheeler electric vehicle will play a major role in shifting the preference of buyers towards four wheelers EVs.
Scope of the Report
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USA EV Market Segmentation |
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By Type of EV |
2-Wheeler 4-Wheeler |
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By End-Use |
Private use Commercial Use |
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By 2-Wheeler Type |
E-Scooter E-Motorcycle |
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By Technology |
Removable Battery Non-Removable Battery |
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By Battery Type |
Lead Acid Lithium Ion |
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By Battery Capacity |
>25 Ah |
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By Voltage Type |
24V 36V 48V 60V 72V |
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By Vehicle Class of EV |
Low-Priced (< $50,000) Mid-Priced ($50,000-$1,00,000) Luxury (> $1,00,000) |
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By EV Propulsion |
BEV - Battery Electric Vehicle PHEV - Plug-In Hybrid Electric Vehicle HEV - Hybrid Electric Vehicle |
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USA EV Charging Equipment Market Segmentation |
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By Type of Charger |
Fast Charger (DC) Slow Charger (AC) |
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By Application |
4-Wheelers 2-Wheelers |
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By Distribution Channels |
Direct Sales Distribution (Wholesale) Others |
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By Source of Manufacturing |
Imported Domestic Manufacture Domestic Assembly |
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By Type of Application |
Home Charging Private Charging Stations Public Charging Stations |
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Portable Chargers |
|
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By Major Regions |
North-East South-West West South-East Mid-West |
Products
Key Target Audience
- Electricity Supplier
- EV Manufacturers
- EV Charging Equipment Manufacturers
- EV Charging System Operator
- Demand side Transport Operators
- Government Bodies
Time Period Captured in the Report:
- Historical Period: 2017-2022
- Base Year: 2022
- Forecast Period: 2022-2027
Companies
Major Players Mentioned in the Report:
EV Companies:
- Tesla
- BMW
- Audi
- Ford
- Kia
- Rivian
- Toyota
- Volvo
- Hyundai
EV Charging Equipment:
- WallBox Chargers
- ABB Limited
- Schneider Electric
- EV Box
- Autel Energy
- ProTerra Energy
- Siemense
- Power Charge
- Intellimeter
Table of Contents
1. Executive Summary
1.1 USA Electric Vehicle (EV) Market
1.2 USA Electric Vehicle (EV) Charging Equipment Market
2. Country Overview: United States of America
2.1 Overview of United States of America
2.2 Overview of Electric Vehicle Industry in United States of America
2.3 Electric Vehicle (E2V, BEV, PHEV and HEV) Sales in the United States of America
2.4 Electric Vehicle Charging Infrastructure (Public and Private) in the United States of America
3. Market Overview: Electric Vehicle (EV) Market in United States of America
3.1 Ecosystem of Electric Vehicle (EV) Market in the United States of America
3.2 Value Chain of the Electric Vehicle (EV) Market in the United States of America
3.3 Ecosystem and Value Chain of Electric Vehicle Charging Equipment (EV) Market in the United States of America
3.4 Different Stages in Electric Vehicle Manufacturing Process
3.5 Description of EVCS
3.6 Description of Plug Socket-Outlets
3.7 Pricing Analysis of chargers by Type
4. Market Size: Electric Vehicle (EV) Market in United States of America
4.1 Market Size of Electric Two-Wheeler Industry in United States of America on the basis of Revenue, Volume and Average Price, 2017-2022
4.2 Market Size of Electric Four-Wheeler Industry in United States of America on the basis of Revenue, Volume and Average Price, 2017-2022
4.3 Market Size of Electric Vehicle Industry in United States of America on the basis of Revenue and Volume, 2017-2022
5. Market Segmentation: Electric Vehicle (EV) Charging Equipment Market in United States of America
5.1 Market Segmentation by Type of EV and Type of E2V, 2022
5.2 Market Segmentation by E2V Battery Capacity and E2V Battery Technology, 2022
5.3 Market Segmentation by E2V Voltage Type and E2V Battery Type, 2022
5.4 Market Segmentation by End-Use for Electric Vehicles, Type of Technology and Vehicle Class for Electric 4-Wheelers
6. Market Size: Electric Vehicle (EV) Charging Equipment Market in United States of America
6.1 Market Size of Electric Vehicle (EV) Charging Equipment Market on the basis of Revenue, 2017-2022
7. Market Segmentation: Electric Vehicle (EV) Charging Equipment Market in United States of America
7.1 Market Segmentation by the Type of Chargers, 2022
7.2 Market Segmentation by the Type of Charging, 2022
7.3 Market Segmentation by the Application, 2022
7.4 Market Segmentation by the Geographic Demand and Sales Channels, 2022
8. Industry Analysis: Electric Vehicle (EV) and Electric Vehicle (EV) Charging Market in United States of America
8.1 Trends and Developments in the United States of America Electric Vehicle and Electric Vehicle Charging Equipment Market
8.2 Growth Drivers of United States of America Electric Vehicle and Electric Vehicle Charging Equipment Market
8.3 SWOT Analysis of Electric Vehicle (EV) Charging Equipment Market
8.4 Government Rules and Regulations for United States of America EV and EV charging Market
9. Competition Analysis: Electric Vehicle (EV) Market in United States of America
9.1 Product Analysis
9.2 Gartner Magic Quadrant for Electric Vehicle Market in the USA
9.3 Cross Comparison of Major Electric Vehicle Brands operating in United States of America
9.4 Cross Comparison of Major Electric Two-Wheeler Brands operating in United States of America
10. Competition Analysis: Electric Vehicle (EV) Charging Equipment Market in the United States of America
10.1 Competitive Landscape of Electric Charging Equipment Manufacturers in United States of America
10.2 Market Positioning Analysis for Electric Charging Equipment Manufacturers in United States of America
10.3 Charger Offerings by Top Players
11. Future Outlook: Electric Vehicle (EV) Market in United States of America
11.1 Future Market Size of Electric Two-Wheeler Industry in United States of America on the basis of Revenue, Volume and Average Price, 2022-2027
11.2 Future Market Size of Electric Four-Wheeler Industry in United States of America on the basis of Revenue, Volume and Average Price, 2022-2027
11.3 Future Market Size of Electric Vehicle Industry in United States of America on the basis of Revenue, Volume and Average Price, 2022-2027
11.4 Future Segmentation of Electric Vehicle Industry by Type of Electric Vehicle on the basis of Volume and Value 2022-2027
11.5 Future Segmentation of Electric Two-Wheeler Industry by E2W Type, By Battery Capacity and By Technology Type, 2022-2027
11.6 Future Segmentation of Electric Two-Wheeler Industry by Voltage Type and By Battery Type, 2022-2027
11.7 Future Segmentation of Electric Four-Wheeler Industry by Type of EV Technology and By EV Class, 2022-2027
12. Future Outlook: Electric Vehicle (EV) Charging Equipment Market in United States of America
12.1 Future Market Size of Charging Equipment, 2022-2027
12.2 Future Market Segmentation of Charging Equipment revenue through type of charging and charger type, 2022-2027
12.3 Future Market Segmentation of Charging Equipment revenue by sales channels and by source of manufacturing, 2022-2027
13. Analyst Recommendations
14. Research Methodology
14.1 Market Definitions and Assumptions
14.2 Abbreviations
14.3 Market Sizing Approach
14.4 Consolidated Research Approach
14.5 Understanding Market Potential Through In-Depth Industry Interviews
14.6 Primary Research Approach
14.7 Limitations and Future Conclusion
Disclaimer
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Research Methodology
Step: - 1 Identifying Key Variables:
Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around market to collate industry level information.
Step: - 2 Market Building:
Collating statistics on EV and EV equipment over the years, penetration of EV sales and EV Charging equipment ratio to compute overall revenue generated. We will also EV manufacturer, Charging Network, Suppliers and Installers statistics to understand revenue generated amount which can ensure accuracy behind the data points shared.
Step: - 3 Validating and Finalizing:
Building market hypothesis and conducting CATIs with industry exerts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Step: - 4 Research output:
Our team will approach multiple EV charging equipment providing channels and understand nature of product segments and sales, consumer preference and other parameters, which will support us validate statistics derived through bottom to top approach from EV charging equipment providers.
Frequently Asked Questions
01 How big is the USA EV & EV Charging Equipment market?
In 2022, the USA EV & EV Charging Equipment was valued at USD 112.1 billion.
02 What is the future of USA EV & EV Charging Equipment Market?
The future market size of the USA EV & EV Charging Equipment is expected to reach USD 265 Bn in the forecasted period of 2023-2027 with a CAGR of 18.9 %.
03 Which are the top players in the USA Electric vehicle Market?
Tesla, BMW, Audi, Ford, Kia, and Rivian are major players operating in the USA EV & EV Charging Equipment Market.
04 How many EV companies are there in the US?
As of 2023, there were 260 companies in the US that manufactured hybrid and electric vehicles, a 12.5% increase from 2022.
05 Which is the largest EV Selling company in US?
Tesla is dominating the US EV market, in 2022 the EV giant sold around 53600 electric vehicles in the country.
06 Which are the biggest EV charging companies in the US?
WallBox Chargers, ABB Limited, Schneider Electric, EV Box, Autel Energy, and ProTerra Energy are the leading players in the US EV charging market.
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