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Hybrid & Electric Vehicle Manufacturing in the US - Industry Market Research Report

Hybrid & Electric Vehicle Manufacturing in the US - Industry Market Research Report

  • January 2021
  • 51 pages
  • ID: 6019954
  • Format: PDF
  • Ibisworld

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Plugged in: Due to continued tax incentives and rising fuel costs, industry revenue is expected to expand

Abstract

Hybrid & Electric Vehicle Manufacturing
Hitting the gas

Demand for hybrid and electric vehicles has remained strong during the five years to 2011, as consumers became more environmentally conscious and fuel costs rose. The industry will continue to perform well over the next five years, driven by high oil prices and perceived environmental benefits. Nevertheless, the expiration of tax credits may dampen revenue growth.

This industry primarily manufactures hybrid and electric automobiles that use one or more electric motors for propulsion. A hybrid electric vehicle (HEV) is a type of a vehicle that combines a conventional internal combustion engine (ICE) propulsion system with an electric propulsion system. The most common form of HEV is the hybrid electric car, though hybrid electric trucks (pickups and tractors) and SUVs also exist.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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