<img src="https://ml.globenewswire.com/Resource/Download/908fb457-7f8e-4a08-9081-5565e3dfb3d7?size=2" nborder="0" align="left" hspace="5" vspace="5" title="22157.jpg" alt="Company Logo"/>Falling battery costs, longer ranges, incentives and local supply chains are accelerating EV adoption, led by fleet vans, while charging gaps create infrastructure opportunities.Dublin, Aug. 25, 2026 <a href="https://www.globenewswire.com" target="_blank">(GLOBE NEWSWIRE)</a> -- The <a href="https://www.researchandmarkets.com/reports/6265135/north-america-electric-vehicle-market-share?utm_source=GNE&amp;utm_medium=PressRelease&amp;utm_code=xbsm8d&amp;utm_campaign=2336752+-+North+America+Electric+Vehicle+Market+(2026-2031)+-+Expanding+Charging+Infrastructure+and+Government+Incentives+Drive+Growth&amp;utm_exec=clshmsai" rel="nofollow" target="_blank" title="North America Electric Vehicle - Market Share Analysis, Industry Trends &amp; Statistics, Growth Forecasts (2026-2031)">"North America Electric Vehicle - Market Share Analysis, Industry Trends &amp; Statistics, Growth Forecasts (2026-2031)"</a> has been added to ResearchAndMarkets.com's offering. The North America electric vehicle market is projected to grow from USD 95.05 billion in 2025 and USD 102.66 billion in 2026 to USD 150.92 billion by 2031. The market is expected to register a compound annual growth rate of 8.01% between 2026 and 2031, supported by declining battery costs, expanding vehicle range, government incentives and increased investment in domestic battery production. Lower Battery Costs Support Electric Vehicle Adoption Battery pack prices declined to USD 108 per kilowatt-hour in 2025 and are expected to fall further as lithium-iron-phosphate battery production expands. Planned regional manufacturing projects, including a Michigan battery-cell facility announced by Tesla and LG Energy Solution for 2027, highlight the shift toward localized electric vehicle supply chains. Improved driving range is also strengthening consumer interest in electric vehicles across the United States, Canada and Mexico. Many 2026 model launches are expected to exceed 300 miles of range, while vehicles such as the Chevrolet Equinox EV combine extended range with an entry price of approximately USD 35,000. These advances are helping reduce ownership barriers and making electric vehicles accessible to a broader group of consumers. Cold-weather performance remains a challenge, particularly in Canada, where low temperatures can reduce rated range by roughly one-third. Nevertheless, continued improvements in battery chemistry, thermal management and vehicle efficiency are expected to support long-term North America electric vehicle market growth. Federal Incentives Accelerate Domestic EV Manufacturing Manufacturing and consumer incentives under the Inflation Reduction Act are shortening payback periods for automakers, fleet operators and individual buyers. Increasing eligibility requirements are also encouraging manufacturers to source more battery materials and components from North America and other approved markets. Rules affecting graphite and other critical battery materials are prompting automotive manufacturers to establish new supply agreements with producers in Canada and Australia. Companies with domestic battery-cell production are positioned to comply more efficiently with sourcing requirements, while suppliers continue to invest in regional refining, processing and manufacturing capacity. Commercial electric vehicles are receiving additional momentum from incentives of up to USD 40,000 per qualifying unit. These credits have encouraged parcel delivery companies, municipal agencies and other fleet operators to transition toward zero-emission vehicles. Charging Infrastructure Remains a Key Market Constraint Public charging availability continues to influence electric vehicle adoption. An estimated 28 million charging ports may be required by 2030, compared with approximately 8 million installed by the end of 2025. Permitting delays and construction bottlenecks are slowing network expansion despite a USD 5 billion federal charging corridor initiative. Infrastructure gaps are especially pronounced in rural areas of the Midwest and Appalachia, where charging density can fall below one station per 100 square miles. In Canada, differences among provincial charging networks and payment systems can also complicate long-distance travel. Addressing these issues will be essential to improving consumer confidence, supporting vehicle resale values and enabling wider regional adoption. Commercial Electric Vehicles Record Strong Growth Passenger cars generated 77.13% of North America electric vehicle market revenue in 2025. However, light commercial vehicles are projected to be the fastest-growing vehicle category, advancing at a CAGR of 9.02%. Demand is being supported by parcel carriers, municipal fleets and public-sector transportation programs. Predictable routes make commercial fleets particularly well suited to depot charging, while high daily utilization can reduce operating costs per mile. Leasing providers are also introducing packages that combine vehicles, charging equipment and maintenance, helping fleet operators manage initial capital requirements. Zero-emission fleet mandates are further encouraging adoption in refuse collection, airport shuttle services and municipal transportation. Battery-Electric Vehicles Lead Propulsion Demand Battery-electric vehicles accounted for 70.25% of regional electric vehicle sales in 2025, establishing them as the leading propulsion category. Fuel-cell electric vehicles are forecast to record the fastest percentage growth, with an anticipated CAGR of 11.22% from a smaller market base. Hydrogen-powered vehicles are expected to gain traction primarily in long-haul freight and intercity transportation, where rapid refueling and reduced battery weight can improve vehicle utilization. California's network of more than 60 hydrogen stations and pilot corridors in Canada are supporting early commercial deployment. Fuel-cell vehicles are nevertheless expected to complement battery-electric models rather than displace them in the light-duty market. Additional growth drivers include automaker electrification investments, domestic battery supply-chain localization and incentives linked to regional manufacturing. High upfront purchase prices compared with conventional vehicles remain a restraint, but falling battery costs, expanding model availability and lower operating expenses are expected to strengthen the outlook for the North America electric vehicle market through 2031. Key Topics Covered: 1 Introduction 1.1 Study Assumptions &amp; Market Definition 1.2 Scope of the Study 2 Research Methodology 3 Executive Summary 4 Market Landscape 4.1 Market Overview 4.2 Market Drivers 4.2.1 Declining Battery Costs and Extended Range 4.2.2 Federal Tax Incentives and IRA Subsidies 4.2.3 Automakers' Electrification Roadmaps and Investments 4.2.4 Domestic Battery Supply-Chain Localization Under USMCA Incentives 4.2.5 Vehicle-to-Grid (V2G) Pilots by Regional Utilities 4.2.6 Vertically-Integrated Battery Recycling Ecosystems 4.3 Market Restraints 4.3.1 Inadequate Public Charging Infrastructure Density 4.3.2 High Upfront Purchase Price vs. ICE Alternatives 4.3.3 BEV Resale-Value Uncertainty in Secondary Markets 4.3.4 Grid Interconnection Delays for DC Fast-Charging Hubs 4.4 Value / Supply-Chain Analysis 4.5 Regulatory Landscape 4.6 Technological Outlook 4.7 Porter's Five Forces 4.7.1 Threat of New Entrants 4.7.2 Bargaining Power of Suppliers 4.7.3 Bargaining Power of Buyers 4.7.4 Threat of Substitutes 4.7.5 Competitive Rivalry 5 Market Size &amp; Growth Forecasts (Value (USD) and Volume (Units)) 5.1 By Vehicle Type 5.1.1 Passenger Cars 5.1.2 Light Commercial Vehicles (LCVs) 5.1.3 Medium and Heavy Commercial Vehicles (M&amp;HCVs) 5.1.4 Buses and Coaches 5.2 By Propulsion Type 5.2.1 Battery Electric Vehicles (BEV) 5.2.2 Plug-in Hybrid Electric Vehicles (PHEV) 5.2.3 Hybrid Electric Vehicles (HEV) 5.2.4 Fuel-Cell Electric Vehicles (FCEV) 5.3 By Drive Type 5.3.1 Front-Wheel Drive (FWD) 5.3.2 Rear-Wheel Drive (RWD) 5.3.3 All-Wheel Drive (AWD) 5.4 By Power Output 5.4.1 Below 100 kW 5.4.2 100-250 kW 5.4.3 Above 250 kW 5.5 By Country 5.5.1 United States 5.5.2 Canada 5.5.3 Mexico 6 Competitive Landscape 6.1 Market Concentration 6.2 Strategic Moves 6.3 Market Share Analysis 6.4 Company Profiles (Includes Global Level Overview, Market Level Overview, Core Segments, Financials as Available, Strategic Information, Market Rank/Share for Key Companies, Products and Services, SWOT Analysis, and Recent Developments) 6.4.1 Tesla, Inc. 6.4.2 General Motors Company 6.4.3 Ford Motor Company 6.4.4 Hyundai Motor Company 6.4.5 Rivian Automotive, Inc. 6.4.6 Stellantis N.V. 6.4.7 Lucid Group, Inc. 6.4.8 Nissan Motor Co., Ltd. 6.4.9 Honda Motor Co., Ltd. 6.4.10 BMW Group 6.4.11 Mercedes-Benz Group AG 6.4.12 Volvo Car AB 6.4.13 BYD Auto Co., Ltd. 6.4.14 Lion Electric Company 6.4.15 Nikola Corporation 6.4.16 Daimler Truck Holding AG 6.4.17 PACCAR Inc. 7 Market Opportunities &amp; Future Outlook 7.1 White-space &amp; Unmet-Need Assessment For more information about this report visit <a href="https://www.researchandmarkets.com/reports/6265135/north-america-electric-vehicle-market-share?utm_source=GNE&amp;utm_medium=PressRelease&amp;utm_code=xbsm8d&amp;utm_campaign=2336752+-+North+America+Electric+Vehicle+Market+(2026-2031)+-+Expanding+Charging+Infrastructure+and+Government+Incentives+Drive+Growth&amp;utm_exec=clshmsai" rel="nofollow" target="_blank" title="">https://www.researchandmarkets.com/r/8mcdrz</a> About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. 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North America Electric Vehicle Market (2026-2031) - Expanding Charging Infrastructure and Government Incentives Drive Growth

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