The North America Zero Emission Vehicle Market would witness market growth of 18.6% CAGR during the forecast period (2022-2028).
Currently, the majority of zero emission vehicles use an extremely effective electric drive system that combines high voltage storage batteries, a fast charging system, and one or more on board electric power production technologies, like solar panels or brake regeneration. For example, General Motors introduced the BrightDrop EV600 commercial delivery EV and the off-road EV super truck (GMC Hummer EV Edition) in December 2021.
Electric vehicles accounted for the whole net increase in worldwide auto sales in 2021. Sales were strongest in China, where they nearly tripled compared to 2020 to 3.3 million, and in Europe, where they grew by two-thirds year over year to 2.3 million. Sales of electric vehicles in the United States accounted for 10% of global sales in 2021 and more than doubled from 2020 to reach 630 000. US came in third after China and Europe, which together accounted for more than 85% of the market.
Demand in California, which presently houses around 42% of the entire stock of zero-emission heavy-duty vehicles in the United States and Canada, is a major factor in the strength of the regional zero emission vehicle market. This market for zero-emission buses and trucks in the United States could increase by more than 10-fold by 2025, based on zero-emission sales requirements and projected sales volumes, thanks to California's Advanced Clean Trucks regulation and a multi-state commitment to work together on medium- and heavy-duty vehicle electrification.
The US market dominated the North America Zero Emission Vehicle Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $109,313.8 million by 2028. The Canada market is poised to grow at a CAGR of 21.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 20.2% during (2022 - 2028).
Based on Price, the market is segmented into Mid-Priced and Luxury. Based on Vehicle Class, the market is segmented into Passenger Cars, Commercial Vehicles, and Two Wheelers. Based on Vehicle Drive Type, the market is segmented into All Wheel Drive, Front Wheel Drive, and Rear Wheel Drive. Based on Top Speed, the market is segmented into More Than 125 MPH, 100 to 125 MPH, and Less Than 100 MPH. Based on Vehicle Type, the market is segmented into BEV, PHEV, FCEV, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Zero Emission Vehicle Market is Estimated to reach $578.9 Billion by 2028, at a CAGR of 19.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Motor Co., BMW Group, Toyota Motor Corporation, Mercedes-Benz Group AG (Daimler AG), Ford Motor Company, Hyundai Motor Company, Tesla, Inc., Nissan Motor Corporation, BYD Company Ltd., and Tata Motors Limited.
Scope of the Study
Market Segments Covered in the Report:
By Price
By Vehicle Class
- Passenger Cars
- Commercial Vehicles
- Two Wheelers
By Vehicle Drive Type
- All Wheel Drive
- Front Wheel Drive
- Rear Wheel Drive
By Top Speed
- More Than 125 MPH
- 100 to 125 MPH
- Less Than 100 MPH
By Vehicle Type
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- General Motor Co.
- BMW Group
- Toyota Motor Corporation
- Mercedes-Benz Group AG (Daimler AG)
- Ford Motor Company
- Hyundai Motor Company
- Tesla, Inc.
- Nissan Motor Corporation
- BYD Company Ltd.
- Tata Motors Limited
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Zero Emission Vehicle Market, by Price
1.4.2 North America Zero Emission Vehicle Market, by Vehicle Class
1.4.3 North America Zero Emission Vehicle Market, by Vehicle Drive Type
1.4.4 North America Zero Emission Vehicle Market, by Top Speed
1.4.5 North America Zero Emission Vehicle Market, by Vehicle Type
1.4.6 North America Zero Emission Vehicle Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansion
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements : 2019, Jul – 2022, Jul) Leading Players
Chapter 4. North America Zero Emission Vehicle Market by Price
4.1 North America Mid-Priced Market by Country
4.2 North America Luxury Market by Country
Chapter 5. North America Zero Emission Vehicle Market by Vehicle Class
5.1 North America Passenger Cars Market by Country
5.2 North America Commercial Vehicles Market by Country
5.3 North America Two Wheelers Market by Country
Chapter 6. North America Zero Emission Vehicle Market by Vehicle Drive Type
6.1 North America All Wheel Drive Market by Country
6.2 North America Front Wheel Drive Market by Country
6.3 North America Rear Wheel Drive Market by Country
Chapter 7. North America Zero Emission Vehicle Market by Top Speed
7.1 North America More Than 125 MPH Market by Country
7.2 North America 100 to 125 MPH Market by Country
7.3 North America Less Than 100 MPH Market by Country
Chapter 8. North America Zero Emission Vehicle Market by Vehicle Type
8.1 North America BEV Market by Country
8.2 North America PHEV Market by Country
8.3 North America FCEV Market by Country
8.4 North America Others Market by Country
Chapter 9. North America Zero Emission Vehicle Market by Country
9.1 US Zero Emission Vehicle Market
9.1.1 US Zero Emission Vehicle Market by Price
9.1.2 US Zero Emission Vehicle Market by Vehicle Class
9.1.3 US Zero Emission Vehicle Market by Vehicle Drive Type
9.1.4 US Zero Emission Vehicle Market by Top Speed
9.1.5 US Zero Emission Vehicle Market by Vehicle Type
9.2 Canada Zero Emission Vehicle Market
9.2.1 Canada Zero Emission Vehicle Market by Price
9.2.2 Canada Zero Emission Vehicle Market by Vehicle Class
9.2.3 Canada Zero Emission Vehicle Market by Vehicle Drive Type
9.2.4 Canada Zero Emission Vehicle Market by Top Speed
9.2.5 Canada Zero Emission Vehicle Market by Vehicle Type
9.3 Mexico Zero Emission Vehicle Market
9.3.1 Mexico Zero Emission Vehicle Market by Price
9.3.2 Mexico Zero Emission Vehicle Market by Vehicle Class
9.3.3 Mexico Zero Emission Vehicle Market by Vehicle Drive Type
9.3.4 Mexico Zero Emission Vehicle Market by Top Speed
9.3.5 Mexico Zero Emission Vehicle Market by Vehicle Type
9.4 Rest of North America Zero Emission Vehicle Market
9.4.1 Rest of North America Zero Emission Vehicle Market by Price
9.4.2 Rest of North America Zero Emission Vehicle Market by Vehicle Class
9.4.3 Rest of North America Zero Emission Vehicle Market by Vehicle Drive Type
9.4.4 Rest of North America Zero Emission Vehicle Market by Top Speed
9.4.5 Rest of North America Zero Emission Vehicle Market by Vehicle Type
Chapter 10. Company Profiles
10.1 General Motors Co.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.5.2 Product Launches and Product Expansions:
10.1.6 SWOT Analysis
10.2 BMW Group
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Regional analysis
10.2.5 Research & Development Expense
10.2.6 Recent strategies and developments:
10.2.6.1 Partnerships, Collaborations, and Agreements:
10.2.6.2 Geographical Expansions:
10.2.7 SWOT Analysis
10.3 Toyota Motor Corporation
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 Recent strategies and developments:
10.3.5.1 Product Launches and Product Expansions:
10.3.6 SWOT Analysis
10.4 Mercedes-Benz Group AG (Daimler AG)
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 SWOT Analysis
10.5 Ford Motor Company
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expense
10.5.5 Recent strategies and developments:
10.5.5.1 Acquisition and Mergers:
10.5.6 SWOT Analysis
10.6 Hyundai Motor Company
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expense
10.6.5 Recent strategies and developments:
10.6.5.1 Partnerships, Collaborations, and Agreements:
10.6.6 SWOT Analysis
10.7 Tesla, Inc.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expense
10.7.5 SWOT Analysis
10.8 Nissan Motor Corporation
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expenses
10.8.5 Recent strategies and developments:
10.8.5.1 Partnerships, Collaborations, and Agreements:
10.8.5.2 Product Launches and Product Expansions:
10.9 BYD Company Ltd.
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expense
10.9.5 Recent strategies and developments:
10.9.5.1 Partnerships, Collaborations, and Agreements:
10.9.5.2 Product Launches and Product Expansions:
10.10. Tata Motors Limited
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expenses
TABLE 1 North America Zero Emission Vehicle Market, 2018 - 2021, USD Million
TABLE 2 North America Zero Emission Vehicle Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Zero Emission Vehicle Market
TABLE 4 Product Launches And Product Expansions– Zero Emission Vehicle Market
TABLE 5 Acquisition and Mergers– Zero Emission Vehicle Market
TABLE 6 Geographical Expansion– Zero Emission Vehicle Market
TABLE 7 North America Zero Emission Vehicle Market by Price, 2018 - 2021, USD Million
TABLE 8 North America Zero Emission Vehicle Market by Price, 2022 - 2028, USD Million
TABLE 9 North America Mid-Priced Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Mid-Priced Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Luxury Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Luxury Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Zero Emission Vehicle Market by Vehicle Class, 2018 - 2021, USD Million
TABLE 14 North America Zero Emission Vehicle Market by Vehicle Class, 2022 - 2028, USD Million
TABLE 15 North America Passenger Cars Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Passenger Cars Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Two Wheelers Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Two Wheelers Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Zero Emission Vehicle Market by Vehicle Drive Type, 2018 - 2021, USD Million
TABLE 22 North America Zero Emission Vehicle Market by Vehicle Drive Type, 2022 - 2028, USD Million
TABLE 23 North America All Wheel Drive Market by Country, 2018 - 2021, USD Million
TABLE 24 North America All Wheel Drive Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Front Wheel Drive Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Front Wheel Drive Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Rear Wheel Drive Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Rear Wheel Drive Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Zero Emission Vehicle Market by Top Speed, 2018 - 2021, USD Million
TABLE 30 North America Zero Emission Vehicle Market by Top Speed, 2022 - 2028, USD Million
TABLE 31 North America More Than 125 MPH Market by Country, 2018 - 2021, USD Million
TABLE 32 North America More Than 125 MPH Market by Country, 2022 - 2028, USD Million
TABLE 33 North America 100 to 125 MPH Market by Country, 2018 - 2021, USD Million
TABLE 34 North America 100 to 125 MPH Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Less Than 100 MPH Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Less Than 100 MPH Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Zero Emission Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 38 North America Zero Emission Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 39 North America BEV Market by Country, 2018 - 2021, USD Million
TABLE 40 North America BEV Market by Country, 2022 - 2028, USD Million
TABLE 41 North America PHEV Market by Country, 2018 - 2021, USD Million
TABLE 42 North America PHEV Market by Country, 2022 - 2028, USD Million
TABLE 43 North America FCEV Market by Country, 2018 - 2021, USD Million
TABLE 44 North America FCEV Market by Country, 2022 - 2028, USD Million
TABLE 45 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 46 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 47 North America Zero Emission Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 48 North America Zero Emission Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 49 US Zero Emission Vehicle Market, 2018 - 2021, USD Million
TABLE 50 US Zero Emission Vehicle Market, 2022 - 2028, USD Million
TABLE 51 US Zero Emission Vehicle Market by Price, 2018 - 2021, USD Million
TABLE 52 US Zero Emission Vehicle Market by Price, 2022 - 2028, USD Million
TABLE 53 US Zero Emission Vehicle Market by Vehicle Class, 2018 - 2021, USD Million
TABLE 54 US Zero Emission Vehicle Market by Vehicle Class, 2022 - 2028, USD Million
TABLE 55 US Zero Emission Vehicle Market by Vehicle Drive Type, 2018 - 2021, USD Million
TABLE 56 US Zero Emission Vehicle Market by Vehicle Drive Type, 2022 - 2028, USD Million
TABLE 57 US Zero Emission Vehicle Market by Top Speed, 2018 - 2021, USD Million
TABLE 58 US Zero Emission Vehicle Market by Top Speed, 2022 - 2028, USD Million
TABLE 59 US Zero Emission Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 60 US Zero Emission Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 61 Canada Zero Emission Vehicle Market, 2018 - 2021, USD Million
TABLE 62 Canada Zero Emission Vehicle Market, 2022 - 2028, USD Million
TABLE 63 Canada Zero Emission Vehicle Market by Price, 2018 - 2021, USD Million
TABLE 64 Canada Zero Emission Vehicle Market by Price, 2022 - 2028, USD Million
TABLE 65 Canada Zero Emission Vehicle Market by Vehicle Class, 2018 - 2021, USD Million
TABLE 66 Canada Zero Emission Vehicle Market by Vehicle Class, 2022 - 2028, USD Million
TABLE 67 Canada Zero Emission Vehicle Market by Vehicle Drive Type, 2018 - 2021, USD Million
TABLE 68 Canada Zero Emission Vehicle Market by Vehicle Drive Type, 2022 - 2028, USD Million
TABLE 69 Canada Zero Emission Vehicle Market by Top Speed, 2018 - 2021, USD Million
TABLE 70 Canada Zero Emission Vehicle Market by Top Speed, 2022 - 2028, USD Million
TABLE 71 Canada Zero Emission Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 72 Canada Zero Emission Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 73 Mexico Zero Emission Vehicle Market, 2018 - 2021, USD Million
TABLE 74 Mexico Zero Emission Vehicle Market, 2022 - 2028, USD Million
TABLE 75 Mexico Zero Emission Vehicle Market by Price, 2018 - 2021, USD Million
TABLE 76 Mexico Zero Emission Vehicle Market by Price, 2022 - 2028, USD Million
TABLE 77 Mexico Zero Emission Vehicle Market by Vehicle Class, 2018 - 2021, USD Million
TABLE 78 Mexico Zero Emission Vehicle Market by Vehicle Class, 2022 - 2028, USD Million
TABLE 79 Mexico Zero Emission Vehicle Market by Vehicle Drive Type, 2018 - 2021, USD Million
TABLE 80 Mexico Zero Emission Vehicle Market by Vehicle Drive Type, 2022 - 2028, USD Million
TABLE 81 Mexico Zero Emission Vehicle Market by Top Speed, 2018 - 2021, USD Million
TABLE 82 Mexico Zero Emission Vehicle Market by Top Speed, 2022 - 2028, USD Million
TABLE 83 Mexico Zero Emission Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 84 Mexico Zero Emission Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 85 Rest of North America Zero Emission Vehicle Market, 2018 - 2021, USD Million
TABLE 86 Rest of North America Zero Emission Vehicle Market, 2022 - 2028, USD Million
TABLE 87 Rest of North America Zero Emission Vehicle Market by Price, 2018 - 2021, USD Million
TABLE 88 Rest of North America Zero Emission Vehicle Market by Price, 2022 - 2028, USD Million
TABLE 89 Rest of North America Zero Emission Vehicle Market by Vehicle Class, 2018 - 2021, USD Million
TABLE 90 Rest of North America Zero Emission Vehicle Market by Vehicle Class, 2022 - 2028, USD Million
TABLE 91 Rest of North America Zero Emission Vehicle Market by Vehicle Drive Type, 2018 - 2021, USD Million
TABLE 92 Rest of North America Zero Emission Vehicle Market by Vehicle Drive Type, 2022 - 2028, USD Million
TABLE 93 Rest of North America Zero Emission Vehicle Market by Top Speed, 2018 - 2021, USD Million
TABLE 94 Rest of North America Zero Emission Vehicle Market by Top Speed, 2022 - 2028, USD Million
TABLE 95 Rest of North America Zero Emission Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 96 Rest of North America Zero Emission Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 97 key Information – General Motors Co.
TABLE 98 key information – BMW Group
TABLE 99 key information – Toyota Motor Corporation
TABLE 100 key information – Mercedes-Benz Group AG
TABLE 101 key information – Ford Motor Company
TABLE 102 key Information – Hyundai Motor Company
TABLE 103 key Information – Tesla, Inc.
TABLE 104 Key information – Nissan Motor Corporation
TABLE 105 key Information – BYD Company Ltd.
TABLE 106 Key Information –Tata motors Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and agreements : 2019, Jul – 2022, Jul) Leading Players
FIG 5 Recent strategies and developments: General Motor Co.
FIG 6 SWOT ANALYSIS: GENERAL MOTORS CO.
FIG 7 Recent strategies and developments: BMW Group
FIG 8 SWOT ANALYSIS: BMW GROUP
FIG 9 SWOT ANALSYSIS: TOYOTA MOTOR CORPORATION
FIG 10 SWOT ANALYSIS: Mercedes-Benz Group AG
FIG 11 Swot analsyis: ford motor Company
FIG 12 SWOT Analysis: Hyundai Motor Company
FIG 13 SWOT ANALYSIS: TESLA, INC.
FIG 14 Recent strategies and developments: Nissan Motor Corporation
FIG 15 Recent strategies and developments: BYD Company Ltd.