Electric Vehicle Market in the US Industry Analysis and Forecast 2015-2019 Now Available from Technavio

LONDON--()--Growing environmental concerns will influence the growth of the electric vehicle (EV) market in the US, which is expected to post a CAGR of over 24% from 2015-2019, says research firm Technavio.

About the Report

Governments worldwide are implementing stringent policies to control and reduce carbon emissions, and widespread adoption of EVs is instrumental to upholding high emissions standards.

“PHEVs, BEVs and all electric vehicles generate zero tailpipe emissions, which is a big step towards cutting down on harmful carbon emissions,” says Faisal Ghaus, Vice President of Technavio.

The latest market research report by Technavio also emphasizes the improving charging infrastructure, which is expected to influence the overall market growth in the coming years. Electric vehicle charging and electric vehicle supply equipment are electrical devices that consists of a box with a cord and a plug, that are used to charge EVs. Widespread availability of this charging infrastructure is essential for adoption of EVs.

“As part of the nationwide demonstration project, the US government is planning to install 22,000 chargers, including 350 fast chargers in the next five years,” says Ghaus.

Market Scope and Calculation of Market Size

The new report covers the present scenario and the growth prospects of the EV market in the US from 2015-2019. To calculate the market size, the report considers the unit sales of PEVs in the US.

Key Information Covered in the Report:

  • Key Vendors:
    • Ford Motor Co.
    • General Motors Co.
    • Tesla Motors Inc.
    • Toyota Motor Corp.
  • Market Growth Drivers:
    • Growing Environmental Concerns
    • For a full detailed list, view our report.
  • Market Challenges:
  • Market Trends:
    • Improving Charging Infrastructure
    • For a full detailed list, view our report.

Technavio currently has more than 3000 market research reports on a huge range of topics, including 200+ reports on the EV market:

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jes Ellacott
US: +1-630-333-9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com

Release Summary

Growing environmental concerns will influence the growth of the electric vehicle (EV) market in the US, which is expected to post a CAGR of over 24% from 2015-2019, says research firm Technavio.

Contacts

Technavio Research
Jes Ellacott
US: +1-630-333-9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com