The North America E-SUV market reached around USD 38.01 Billion in 2025. The market is projected to grow at a CAGR of 15.80% between 2026 and 2035 to reach nearly USD 164.81 Billion by 2035.
Base Year
Historical Period
Forecast Period
The United States has established an objective for 50% of all new vehicle sales in the country to be electric by the year 2030.
In 2021, Canada saw a historic total of 86,032 electric vehicles registered, which accounted for 5.3% of all vehicle registrations during that year.
Canada ranks as the second largest automotive market within North America.
Compound Annual Growth Rate
15.8%
Value in USD Billion
2026-2035
*this image is indicative*
| North America E SUV Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 38.01 |
| Market Size 2035 | USD Billion | 164.81 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 15.80% |
| CAGR 2026-2035 - Market by Country | USA | 15.4% |
| CAGR 2026-2035 - Market by Country | Canada | XX% |
| CAGR 2026-2035 - Market by Type | Compact | 18.2% |
| CAGR 2026-2035 - Market by Propulsion | Battery Electric Vehicles (BEVs) | 19.0% |
| Market Share by Country 2025 | USA | 91.8% |
The Government of Canada has set a target to achieve carbon neutrality by the year 2050 and has made significant financial commitments in the budgets for 2021, 2022, and 2023 to support infrastructure development and the transition to a green economy. U.S. automakers' Canadian subsidiaries have declared considerable investments, with General Motors contributing US$785 million, Ford investing US$1.5 billion, and Stellantis committing US$1.14 billion, all aimed at adapting their production lines for electric vehicle manufacturing. Furthermore, in early 2022, GM Canada, Ford Motors Canada, and Stellantis Canada revealed their intentions to establish their facilities dedicated to the production of batteries for electric vehicles.
Across the United States, the demand for electric vehicles has experienced a consistent upward trajectory, with registrations increasing from 280,000 units in 2016 to 2.4 million in 2022. Notably, the period from 2021 to 2022 witnessed a remarkable 68% year-over-year growth in electric vehicle registrations within the United States. The escalating concerns regarding environmental issues are propelling the adoption of electric SUVs (E-SUVs), as consumers aim to lower their carbon emissions and address climate change. E-SUVs present a more environmentally friendly option compared to conventional vehicles, catering to the rising preference for sustainable and eco-conscious transportation alternatives.
Rising environmental concerns, the expansion of charging infrastructure for electric vehicles, the growing focus on sustainability, and advancements in battery technologies are the major trends impacting the North America E-SUV market expansion
Federal and state incentives play a crucial role in making electric SUVs more financially accessible to consumers. These incentives often come in the form of tax credits and rebates, which can significantly lower the initial purchase price of these vehicles.
Enhancements in battery longevity, efficiency, and charging speed significantly increase the attractiveness of electric SUVs. Extended driving ranges and reduced charging durations overcome earlier constraints, rendering electric SUVs more suitable for everyday usage.
The rising awareness of environmental issues and the intention to minimise carbon footprints are influencing consumer preferences towards electric vehicles. Electric SUVs are progressively regarded as a more sustainable option in comparison to conventional internal combustion engine vehicles.
The establishment of a comprehensive and reliable charging infrastructure enhances the convenience of owning an electric SUV. The greater presence of fast-charging stations alleviates concerns regarding range and facilitates the wider acceptance of electric vehicles.
In North America, the combination of federal and state incentives, including tax credits and rebates, alongside rigorous emissions regulations, reduces the cost of electric SUVs and promotes their uptake. These initiatives render electric vehicles economically appealing while supporting environmental objectives. Additionally, recent advancements in battery technology, featuring extended ranges and quicker charging options, significantly improve the functionality and attractiveness of electric SUVs. These developments overcome earlier challenges, rendering electric SUVs more appropriate for daily use and broadening their market opportunities.
The EMR’s report titled “North America E-SUV Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Propulsion
Market Breakup by Drive Type
Market Breakup by Country
| CAGR 2026-2035 - Market by | Region |
| USA | 15.4% |
| Canada | XX% |
Based on country, the market is segmented into the United States and Canada. The United States is projected to grow at a CAGR of 15.4% during the forecast period of 2026-2035 due to the thriving automotive sector and the growing focus on decarbonisation in the transportation sector.
| 2025 Market Share by | Region |
| USA | 91.8% |
| Canada | XX% |
Major players are focusing on the adoption of cutting-edge technologies to gain a competitive edge in the market.
BYD Co. Ltd., established in 1995, is based in Shenzhen, China. The company specialises in electric vehicles, battery production, and renewable energy solutions, positioning itself as a significant entity in the international electric vehicle market.
SAIC Motor Corp. Ltd. was founded in 1955 and is located in Shanghai, China. The company engages itself in joint ventures with international brands and is dedicated to producing a diverse array of vehicles, including electric variants.
AB Volvo was established in 1927 and is headquartered in Gothenburg, Sweden. It is a leading producer of trucks, buses, and construction machinery that plays a vital role in the commercial vehicle sector and is increasingly focusing on electric transportation solutions.
Toyota Motor Corporation, founded in 1937, is based in Aichi Prefecture, Japan. As a global frontrunner in automotive production, Toyota is well-known for its pioneering hybrid technology and is actively expanding its range of electric vehicles.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other major players in the market are Tesla Inc., BMW AG, Volkswagen AG, Mercedes-Benz Group AG, Nissan Motor Co. Ltd., and Hyundai Motor Co., among others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the market attained a value of nearly USD 38.01 Billion.
The market is assessed to grow at a CAGR of 15.80% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach about USD 164.81 Billion by 2035.
The market is being driven by rising environmental concerns and increasing adoption of e-mobility across the world.
The key trends aiding the market expansion include the advancement of battery technology of electric vehicles and the expansion of charging infrastructure.
The major types of E-SUVs in the market are mid-size, full size, and compact.
The major countries considered in the market are the United States and Canada.
The major players in the market are Tesla Inc., BMW AG, Volkswagen AG, Mercedes-Benz Group AG, BYD Co. Ltd., SAIC Motor Corp. Ltd, AB Volvo, Toyota Motor Corp., Nissan Motor Co. Ltd., and Hyundai Motor Co., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Propulsion |
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| Breakup by Drive Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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