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NORTH AMERICA EV Powertrain market is expected to reach US$ 5,008.93 Bn by 2027 with CAGR of 7%.

The automotive industry is expanding at a rapid rate over the years across the globe. The internal combustion engine (ICE) vehicles, as well as the electric vehicles (EV) manufacturers, are pacing up their production volumes to meet the continually rising demand from the customers. The auto industry is expected to be driven by electric vehicles in the near future, owing to the rising awareness among the vehicle customers, governmental strategies to reduce carbon emission and subsidies towards procuring EVs. These factors are prominently acting as crucial parameters for the growth of EVs.

The automotive industry is experiencing a significant shift from traditional vehicles to electric vehicles. Governments in various countries are taking initiatives to drive the adoption of electric vehicles. For instance, the Government of Canada invested US$ 182.5 million to develop a fast-charging network for electric vehicles. Also, in December 2017, the Federal Government of Canada released its Greening Government Strategy, which aims to reduce greenhouse gas emissions by 80% by 2050.

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Currently, the US is dominating the in terms of installation, which in turn boosts the demand for the EV powertrain market in the region. The electric vehicle market in the US is comprised of battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs). Alone among these vehicles, the BEV does not require gasoline at any point during operation, relying solely upon pure electric battery power.

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North America EV Powertrain Market – Segmentation

North America EV Powertrain Market – By Product Type

Series Hybrid Powertrain

Battery Electric Vehicle Powertrain

Series-Parallel Hybrid Powertrain

Mild Hybrid Powertrain

Parallel Hybrid Powertrain

North America EV Powertrain Market – By Application

Passenger Cars

Commercial Vehicles

North America EV Powertrain Market – By Country

US

Canada

Mexico

North America EV Powertrain Market -Companies Mentioned

Continental AG

Cummins Inc.

Dana Limited

Magna International

Mahle GmbH

Maxim Integrated

Robert Bosch GmbH

Tata Elxsi

Valeo SA

ZF Friedrichshafen AG

Rhino Car Hire

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