US EV Components Market 2023-2030

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    EVs have a number of electric power-related parts, including a motor, battery, onboard charger, and an electric power control unit (EPCU). All are crucial parts for converting the power from the battery into the kinetic force that propels the EV ahead.


    Infographic: US EV Components Market, US EV Components Market Size, US EV Components Market Trends, US EV Components Market Forecast, US EV Components Market Risks, US EV Components Market Report, US EV Components Market Share


    Significant market development is the preference shift of EV manufacturers from synchronous motors to induction motors.


    Because induction motors are more effective and help to reduce magnetic losses by lowering the inverter’s voltage, automakers are switching to them. Consequently, the electric car components will be driven by the growing use of these motors in high-performance EVs.




    The US EV Components Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030. 



    Hyundai Motor Group (the Group) announced that it had reached a deal with the State of Georgia to construct its first U.S. facilities specifically for the production of full-electric vehicles and batteries.


    The Group’s decision to invest in the US will help it achieve its objective of dominating the market for electric transportation there. The Group’s dedication to sustainability via electrification and to bolstering the economies of the countries in which it works are also highlighted.


    The facility will be powered mostly by renewable energy sources as part of the Group’s commitment to sustainability, and emission-reduction technology will be used to comply with RE100 standards.


    Bipartisan Infrastructure Law financing has been announced the US Department of Energy (DOE) in order to increase domestic production of batteries and component parts, strengthen domestic supply chains, and generate employment.


    The investments in the infrastructure will enable the construction of brand-new, updated, and extended commercial buildings as well as manufacturing demonstrations and battery recycling.


    In addition, DOE announced a separate fund novel methods for recycling materials back into the battery supply chain as well as uses for batteries that were formerly used to power electric vehicles.





    1. How many EV Components are manufactured per annum in the US? Who are the sub-component suppliers in this region?
    2. Cost breakup of a US EV Components and key vendor selection criteria
    3. Where are the EV Components manufactured? What is the average margin per unit?
    4. Market share of US EV Components market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture US EV Components in-house
    6. key predictions for next 5 years in US EV Components market
    7. Average B-2-B EV Components market price in all segments
    8. Latest trends in EV Components market, by every market segment
    9. The market size (both volume and value) of the EV Components market in 2023-2030 and every year in between?
    10. Production breakup of EV Components market, by suppliers and their OEM relationship
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2023-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2023-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2023-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
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