North America (NAFTA) Hybrid and Electric Cars Market Summary, Competitive Analysis and Forecast, 2017-2026

Pages: 95 Published: June 10, 2022 Report Code: GDMLIG220011-02

The NAFTA contributed $50.22 billion in 2021 to the global hybrid & electric cars industry. The NAFTA hybrid & electric cars industry is expected to grow at a CAGR of more than 9% during 2021-2026. The NAFTA hybrid & electric cars market research report provides top-line qualitative and quantitative summary information including market size and forecast. The profile also contains descriptions of the leading players including key financial metrics and an analysis of competitive pressures within the market.

North America (NAFTA) Hybrid and Electric Cars Market Summary

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Key Nation in the NAFTA Hybrid and Electric Cars Market

The key nations included in the NAFTA hybrid & electric cars industry are the US, Mexico, and Canada. The US is leading the NAFTA hybrid & electric cars market in terms of revenue.

US

In the United States, the share of hybrid and electric car sales has grown owing to the significant increase in the sale of plug-in hybrids and mild hybrids, indicative of a weaker sentiment of some consumers towards fully electric cars amid range anxiety.

Mexico

The Mexican market saw accelerated sales growth in 2021 compared to 2020. Sales were stronger in 2021 through pent-up demand, as consumer confidence improved after a turbulent year characterized by lockdown measures and economic uncertainty. Moreover, the monetary stimulus in response to the economic recession brought by the COVID-19 pandemic supported new car sales through cheap credit.

Canada

The market is set to follow a double-digit growth during the forecast period as the adoption of hybrid and electric cars will continue to increase, driven by increasing affordability and a greater number of offerings, also facilitated by government incentives and expanding infrastructure.

Leading Nation in the NAFTA Hybrid and Electric Cars Market, by Revenue

Leading Nation in the NAFTA Hybrid and Electric Cars Market, by Revenue

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Key Company in the NAFTA Hybrid and Electric Cars Market

There are many companies in the NAFTA hybrid and electric cars such as Tesla, Inc., General Motors Company, Toyota Motor Corporation, and Ford Motor Company.

Tesla

Tesla, Inc. (Tesla or ‘the company’) is a US-based automotive company that designs, manufactures, and markets electric vehicles, components, and energy storage and generation systems. The company is headquartered in Palo Alto, California, the US. 

General Motors Company

General Motors Company (GM or ‘the company’) is engaged in the design, development, production, and marketing of cars, trucks, and automobile parts. The company is headquartered in Detroit, Michigan, US. 

Toyota Motor Corporation

Toyota Motor Corporation (Toyota or ‘the company’) is a manufacturer and seller of motor vehicles. The company is headquartered in Toyota City, Aichi, Japan.

Ford Motor Company

Ford Motor Company (Ford or ‘the company’) is an automotive manufacturer in the world. The company is headquartered in Dearborn, Michigan, the US.

Market Report Overview

Market Size 2021 $50.22 billion
CAGR % (2021-2026) >9%
Key Emerging Countries The US, Canada, and Mexico
Leading country The US
Key Companies Tesla, Inc., General Motors Company, Toyota Motor Corporation, and Ford Motor Company

Scope

  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the country’s hybrid and electric cars market
  • Use the five forces analysis to determine the competitive intensity and therefore attractiveness of the NAFTA hybrid and electric cars market
  • Leading company profiles reveal details of key NAFTA hybrid and electric cars market players’ emerging five operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the emerging five NAFTA hybrid and electric cars market with five-year forecasts by both value and volume
  • Compares data from US, Mexico, and Canada, alongside individual chapters on each country

Reasons to Buy

The report includes:

  • The size of the emerging five NAFTA hybrid and electric cars market by value in 2021
  • The size of the emerging five NAFTA hybrid and electric cars market in 2026
  • Factors affecting the strength of competition in the emerging five NAFTA hybrid and electric cars industry
  • The industry performance over the last five years
  • The top competitors in the emerging five NAFTA hybrid and electric cars market

Key Players

Tesla, Inc.
General Motors Company
Toyota Motor Corporation
Ford Motor Company

Table of Contents

Table of Contents

1 Introduction

1.1. What is this report about?

1.2. Who is the target reader?

1.3. How to use this report

1.4. Definitions

2 NAFTA Hybrid & Electric Cars

2.1. Industry Outlook

3 Hybrid & Electric Cars in Canada

3.1. Market Overview

3.2. Market Data

3.3. Market Segmentation

3.4. Market outlook

3.5. Five forces analysis

4 Macroeconomic Indicators

4.1. Country data

5 Hybrid & Electric Cars in Mexico

5.1. Market Overview

5.2. Market Data

5.3. Market Segmentation

5.4. Market outlook

5.5. Five forces analysis

6 Macroeconomic Indicators

6.1. Country data

7 Hybrid & Electric Cars in The United States

7.1. Market Overview

7.2. Market Data

7.3. Market Segmentation

7.4. Market outlook

7.5. Five forces analysis

8 Macroeconomic Indicators

8.1. Country data

9 Company Profiles

9.1. Tesla, Inc.

9.2. General Motors Company

9.3. Toyota Motor Corporation

9.4. Ford Motor Company

10 Appendix

10.1. Methodology

10.2. About GlobalData

List of Tables

List of Tables

Table 1: NAFTA countries hybrid & electric cars industry, revenue ($m), 2017-26

Table 2: NAFTA countries hybrid & electric cars industry, revenue ($m), 2017-21

Table 3: NAFTA countries hybrid & electric cars industry forecast, revenue ($m), 2021-26

Table 4: Canada hybrid & electric cars market value: $ million, 2017–21

Table 5: Canada hybrid & electric cars market volume: Cars, 2017–21

Table 6: Canada hybrid & electric cars market category segmentation: % share, by volume, 2017–2021

Table 7: Canada hybrid & electric cars market category segmentation: Cars, 2017-2021

Table 8: Canada hybrid & electric cars market geography segmentation: $ million, 2021

Table 9: Canada hybrid & electric cars market value forecast: $ million, 2021–26

Table 10: Canada hybrid & electric cars market volume forecast: Cars, 2021–26

Table 11: Canada size of population (million), 2017–21

Table 12: Canada gdp (constant 2005 prices, $ billion), 2017–21

Table 13: Canada gdp (current prices, $ billion), 2017–21

Table 14: Canada inflation, 2017–21

Table 15: Canada consumer price index (absolute), 2017–21

Table 16: Canada exchange rate, 2017–21

Table 17: Mexico hybrid & electric cars market value: $ million, 2017–21

Table 18: Mexico hybrid & electric cars market volume: Cars, 2017–21

Table 19: Mexico hybrid & electric cars market category segmentation: % share, by volume, 2017–2021

Table 20: Mexico hybrid & electric cars market category segmentation: Cars, 2017-2021

Table 21: Mexico hybrid & electric cars market geography segmentation: $ million, 2021

Table 22: Mexico hybrid & electric cars market value forecast: $ million, 2021–26

Table 23: Mexico hybrid & electric cars market volume forecast: Cars, 2021–26

Table 24: Mexico size of population (million), 2017–21

Table 25: Mexico gdp (constant 2005 prices, $ billion), 2017–21

Table 26: Mexico gdp (current prices, $ billion), 2017–21

Table 27: Mexico inflation, 2017–21

Table 28: Mexico consumer price index (absolute), 2017–21

Table 29: Mexico exchange rate, 2017–21

Table 30: United States hybrid & electric cars market value: $ million, 2017–21

Table 31: United States hybrid & electric cars market volume: Cars, 2017–21

Table 32: United States hybrid & electric cars market category segmentation: % share, by volume, 2017–2021

Table 33: United States hybrid & electric cars market category segmentation: Cars, 2017-2021

Table 34: United States hybrid & electric cars market geography segmentation: $ million, 2021

Table 35: United States hybrid & electric cars market value forecast: $ million, 2021–26

Table 36: United States hybrid & electric cars market volume forecast: Cars, 2021–26

Table 37: United States size of population (million), 2017–21

Table 38: United States gdp (constant 2005 prices, $ billion), 2017–21

Table 39: United States gdp (current prices, $ billion), 2017–21

Table 40: United States inflation, 2017–21

Table 41: United States consumer price index (absolute), 2017–21

Table 42: United States exchange rate, 2017–21

Table 43: Tesla, Inc.: key facts

Table 44: Tesla, Inc.: Annual Financial Ratios

Table 45: Tesla, Inc.: Key Employees

Table 46: General Motors Company: key facts

Table 47: General Motors Company: Annual Financial Ratios

Table 48: General Motors Company: Key Employees

Table 49: General Motors Company: Key Employees Continued

Table 50: General Motors Company: Key Employees Continued

Table 51: Toyota Motor Corporation: key facts

Table 52: Toyota Motor Corporation: Annual Financial Ratios

Table 53: Toyota Motor Corporation: Key Employees

Table 54: Toyota Motor Corporation: Key Employees Continued

Table 55: Toyota Motor Corporation: Key Employees Continued

Table 56: Ford Motor Company: key facts

Table 57: Ford Motor Company: Annual Financial Ratios

Table 58: Ford Motor Company: Key Employees

Table 59: Ford Motor Company: Key Employees Continued

Table 60: Ford Motor Company: Key Employees Continued

List of Figures

List of Figures

Figure 1: NAFTA countries hybrid & electric cars industry, revenue ($m), 2017-26

Figure 2: NAFTA countries hybrid & electric cars industry, revenue ($m), 2017-21

Figure 3: NAFTA countries hybrid & electric cars industry forecast, revenue ($m), 2021-26

Figure 4: Canada hybrid & electric cars market value: $ million, 2017–21

Figure 5: Canada hybrid & electric cars market volume: Cars, 2017–21

Figure 6: Canada hybrid & electric cars market category segmentation: Cars, 2017-2021

Figure 7: Canada hybrid & electric cars market geography segmentation: % share, by value, 2021

Figure 8: Canada hybrid & electric cars market value forecast: $ million, 2021–26

Figure 9: Canada hybrid & electric cars market volume forecast: Cars, 2021–26

Figure 10: Forces driving competition in the hybrid & electric cars market in Canada, 2021

Figure 11: Drivers of buyer power in the hybrid & electric cars market in Canada, 2021

Figure 12: Drivers of supplier power in the hybrid & electric cars market in Canada, 2021

Figure 13: Factors influencing the likelihood of new entrants in the hybrid & electric cars market in Canada, 2021

Figure 14: Factors influencing the threat of substitutes in the hybrid & electric cars market in Canada, 2021

Figure 15: Drivers of degree of rivalry in the hybrid & electric cars market in Canada, 2021

Figure 16: Mexico hybrid & electric cars market value: $ million, 2017–21

Figure 17: Mexico hybrid & electric cars market volume: Cars, 2017–21

Figure 18: Mexico hybrid & electric cars market category segmentation: Cars, 2017-2021

Figure 19: Mexico hybrid & electric cars market geography segmentation: % share, by value, 2021

Figure 20: Mexico hybrid & electric cars market value forecast: $ million, 2021–26

Figure 21: Mexico hybrid & electric cars market volume forecast: Cars, 2021–26

Figure 22: Forces driving competition in the hybrid & electric cars market in Mexico, 2021

Figure 23: Drivers of buyer power in the hybrid & electric cars market in Mexico, 2021

Figure 24: Drivers of supplier power in the hybrid & electric cars market in Mexico, 2021

Figure 25: Factors influencing the likelihood of new entrants in the hybrid & electric cars market in Mexico, 2021

Figure 26: Factors influencing the threat of substitutes in the hybrid & electric cars market in Mexico, 2021

Figure 27: Drivers of degree of rivalry in the hybrid & electric cars market in Mexico, 2021

Figure 28: United States hybrid & electric cars market value: $ million, 2017–21

Figure 29: United States hybrid & electric cars market volume: Cars, 2017–21

Figure 30: United States hybrid & electric cars market category segmentation: Cars, 2017-2021

Figure 31: United States hybrid & electric cars market geography segmentation: % share, by value, 2021

Figure 32: United States hybrid & electric cars market value forecast: $ million, 2021–26

Figure 33: United States hybrid & electric cars market volume forecast: Cars, 2021–26

Figure 34: Forces driving competition in the hybrid & electric cars market in the United States, 2021

Figure 35: Drivers of buyer power in the hybrid & electric cars market in the United States, 2021

Figure 36: Drivers of supplier power in the hybrid & electric cars market in the United States, 2021

Figure 37: Factors influencing the likelihood of new entrants in the hybrid & electric cars market in the United States, 2021

Figure 38: Factors influencing the threat of substitutes in the hybrid & electric cars market in the United States, 2021

Figure 39: Drivers of degree of rivalry in the hybrid & electric cars market in the United States, 2021

Frequently Asked Questions

The NAFTA contributed $50.22 billion to the global hybrid and electric cars industry in 2021.

The countries are expected to accelerate at a CAGR of more than 9% over the forecast period.

The US, Canada, and Mexico are included in the NAFTA hybrid and electric cars market.

The US will be leading the NAFTA hybrid and electric cars market in terms of revenue.

There are many companies in the NAFTA hybrid and electric cars markets such as Tesla, Inc., General Motors Company, Toyota Motor Corporation, and Ford Motor Company.

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