North America Light Electric Vehicle Market Report 2022: Tesla, BMW, Yamaha, Columbia Vehicle Group and Others – ResearchAndMarkets.com

DUBLIN-(BUSINESS WIRE)–Report Analysis of North America Light Electric Vehicle Market Size, Share and Industry Trends by Vehicle Category (2 Wheeler, 3 Wheeler and 4 Wheeler), by Vehicle Type, by Component Type, by Application, by Power Report on production volumes, by country and growth forecast, 2022 – 2028. was added to ResearchAndMarkets.com’s proposal.

The North American light electric vehicle market is expected to register a market growth of 8.3% CAGR during the forecast period (2022-2028).

Electric vehicles have experienced a comeback in the 21st century due to advances in technology, greater emphasis on renewable energy sources, and the potential reduction of transportation’s impact on climate change, pollution, and other environmental issues. Project Drawdown identifies electric vehicles as one of the 100 most effective current approaches to combating climate change.

Most electric vehicles are powered by lithium-ion batteries (Li-Ions or LIB). Lithium-ion batteries have better energy density, longer life, and higher power density than most other commercially available batteries. Safety, durability, thermal breakdown, environmental impact and cost are complicating factors.

Lithium-ion batteries must be used within safe temperature and voltage ranges for optimal performance. Increased battery life reduces operating costs. One method is to manage a subset of battery cells at a time and replace those subsets. In the past, some electric vehicles, such as those produced by General Motors, used nickel-metal hydride batteries. These types of batteries are considered obsolete because they are prone to self-discharge at high temperatures.

The government is taking many steps to combat climate change, increase access to renewable energy sources, and reduce the United States’ dependence on oil. The administration presented a series of extraordinary efforts by the federal government, the business sector and the states. These initiatives include a new framework for cooperation between automakers, electric vehicle charging firms, electric utilities and states to accelerate the development of electric vehicle charging infrastructure.

The US market dominated the North America light electric vehicle market by country in 2021 and will continue to be the dominant market until 2028; thereby reaching a market value of USD 22,624.8 million by 2028. The Canada market is poised to grow at a CAGR of 10.8% during (2022-2028). In addition, the Mexico market is expected to register a CAGR of 9.8% during (2022-2028).

The market research report covers the key stakeholder analysis of the market. Key companies profiled in the report include Tesla, Inc., BMW Group, Columbia Vehicle Group Inc. (Nordic Group of Companies, Ltd.), Godrej Group (Godrej Material Handling), Kion Group, Yamaha Motor Co., Ltd., Textron, Inc., Polaris, Inc., BYD Company Ltd. and Toyota Industries Corporation.

The scope of the study

By categories of vehicles

• 2-wheeled

• 3-wheeled

• 4-wheeled

By type of vehicle

• electronic scooters

• e-ATV/UTV

• Neighbor’s electric car

• e-bike and motorcycle

• electronic lawn mower

• Autonomous forklifts, delivery robots and electric industrial vehicles

• Others

By type of components

• Accumulator

• Electric motor

• Motor controller and power controller

• Inverters

• electronic brake booster and power electronics

By application

• Personal mobility

• General mobility

• Recreation and sports

• Commercial

By power

• Less than 6 kW

• 6-9 kW

• 9-15 kW

By country

• USA

• Canada

• Mexico

• Rest of North America

Key market players

List of companies featured in the report:

• Tesla, Inc.

• BMW Group company

• Columbia Vehicle Group Inc. (Nordic Group of Companies, Ltd.)

• Godrej Group (Godrej Material Handling)

• The Kion Group

• Yamaha Motor Co., Ltd.

• Textron, Inc.

• Polaris, Inc.

• BYD Company Ltd.

• Toyota Industries Corporation

Main topics covered:

Chapter 1. Market coverage and methodology

Chapter 2. Market overview

Chapter 3. Competitive Analysis – Global

Chapter 4. North American Light Electric Vehicle Market by Vehicle Category

Chapter 5. North America Light Electric Vehicle Market by Vehicle Type

Chapter 6. North America Light Electric Vehicle Market by Component Type

Chapter 7. North America Light Electric Vehicles Market by Application

Chapter 8. North American light electric vehicle market by capacity

Chapter 9. North American light electric vehicle market by country

Chapter 10. Profiles of companies

Mentioned companies

• Tesla, Inc.

• BMW Group company

• Columbia Vehicle Group Inc. (Nordic Group of Companies, Ltd.)

• Godrej Group (Godrej Material Handling)

• The Kion Group

• Yamaha Motor Co., Ltd.

• Textron, Inc.

• Polaris, Inc.

• BYD Company Ltd.

• Toyota Industries Corporation

For more information on this report, visit https://www.researchandmarkets.com/r/mesz1b

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