North America Electric Vehicle Market Size and YoY Growth (2025–2032)

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in USD Billion and Percentage

North America Electric Vehicle Market Size Forecast and Regional Insights

Published by MMR Statistics Reserch Team, January 2026

Rapid adoption of electric vehicles is reshaping North America’s automotive sector, driven by declining battery costs, government incentives, clean energy integration, and scalable manufacturing. In 2025, the market was valued at USD 136.82 billion, with 2026 estimated at USD 161.56 billion, reflecting significant year-over-year growth. By 2030, the market is projected to expand to USD 332.83 billion, reaching USD 502.61 billion by 2032, supported by advanced technology deployment, infrastructure expansion, and growing consumer adoption. The United States dominates the region, underpinned by large-scale EV production, federal and state incentives, and an expanding charging network. Canada is the fastest-growing contributor, driven by emissions targets and government-backed clean energy initiatives.

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Electric Vehicles

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Unit

in USD Billion and Percentage

Region

North America

Time Period

2025–2032

Source Name

MMR Statistics

Source Link

https://www.mmrstatistics.com/

Publisher Name

MMR Statistics

Publisher Link

https://www.mmrstatistics.com/

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