US Electric Vehicle Motor Market-Industry Analysis and forecast 2027- By Type, Motor Type, and Vehicle Type.

US Electric Vehicle Motor Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at XX% fro 2020 to 2027, reaching US$ XX Mn.

 



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The US Electric Vehicle Motor Market Overview:
There was much encouraging in 2018 when plug-in EVs hit a US sales record of 361,000. Sales started strong in 2019 but the sales begin to decline at the beginning of July. The noticeable drop in sales, along with a similar decline in China, has impelled concern that future sales may fall short of expectations. However, ups & downs have occurred before.

The current slump in EV sales does not essentially indicate a change in trend. Long-term estimates of electric vehicle sales are typically smooth, ever-increasing arcs. In reality, there is considerable deviation. US YoY sales have ranged from a 4 percent drop in 2015 to over 80 percent increase in some years. Even if 2019 sales prove flat to 2018, the growth rate since 2013 will still average an impressive 25 percent per year.

There is overall agreement that the sales fall in the US is owing to limited geographic availability, restricted supply, customers waiting for new models, lack of comparable models & lack of customer knowledge, as well as the perennial problems of price, range & charging time. These may be barriers, but there are some benefits to gasoline-powered cars & many customers are not ready to replace them with electric. Slow sales of some electric vehicle models have resulted in substantial discounts.

The current growth in US electric vehicle sales is almost entirely owing to the Tesla Model 3. Based on estimations, the Model 3 signifies almost half of all plug-ins sold so far this year. This is great for Tesla, but it doesn’t look good for other models in the market. Total sales of all electric vehicles except the Model 3 are down 20 percent year-to-date. And Electric vehicle share of US sales is still less than 2 percent. Historically, about half of electric vehicle sales have been plug-in hybrids, which use gasoline when outside a typically short battery-only range.
Auto suppliers:
The increase of electric vehicles poses a specific risk for auto suppliers. Main systems that are vital to vehicles with internal combustion engines are absent from electric vehicles. Manufacturers of exhaust systems, fuel systems, & transmissions face the view of disruption as electric vehicles become more mainstream. Those missing financial flexibility & digital wherewithal are likely to struggle the most. Adoption will raise at a modest pace, for now, electric vehicles’ share of the automobile market will likely begin to grow faster in the medium term. OEMs & suppliers alike should start preparing for that future today.
Incentives:
Electric vehicle sales frequently overlook the role of incentives & mandates. Both financial & non-financial incentives intensely influence sales. Almost half of US electric vehicle sales are in California, where state & local incentives are added to the federal tax credit & a complicated Zero Emission Vehicle mandate requires that electric vehicles be a confident percentage of sales. California, with the longest history of electric vehicle support & most strict requirements, has over 10 times the electric vehicle sales of the next highest state. Nine states have joined California in principle with a ZEV plan, but the details vary by state. Besides, the Trump administration’s planned withdrawal of California’s Clean Air Act waiver has prompted a lawsuit by California and 22 other states. The crystal ball of government action on electric vehicles is gloomy.

The objective of the report is to present a comprehensive analysis of the US Electric Vehicle Motor Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding US Electric Vehicle Motor Market dynamics, structure by analyzing the market segments and project the US Electric Vehicle Motor Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the US Electric Vehicle Motor Market make the report investor’s guide.
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US Electric Vehicle Motor Market, by Motor Type:
• Alternating Current (AC) Motor
• Direct Current (DC) Motor
US Electric Vehicle Motor Market, by Vehicle Type:
• Passenger Car
• Commercial Vehicle
• Two-wheelers
US Electric Vehicle Motor Market Key players
• BMW
• Daimler
• General Motors
• Nissan
• Ford
• Renault
• Rimac
• Tesla Motors
• Kia
• Mitsubishi
• Peugeot
• Volkswagen
• Venturi
• Pelonis technologies, inc.