USA ZEV Value was 18314 M USD in 2022, with Tough Competition

Zero emission vehicle (ZEV) is a vehicle that does not emit the tailpipe pollutant from the onboard source of power. These vehicles have significant emission benefits over conventional vehicles, and run on alternate power sources such as battery electricity, natural gas, and solar power.  A zero-emission vehicle (ZEV) does not emit any kind of pollutant from its power source, such as internal combustion (IC) engine. The emitted exhaust gas from conventional IC engine vehicle contains hydrocarbons, ozone, lead, particulates, and carbon monoxide, which are highly harmful for human health and the environment. Various advantages of using zero-emission vehicles such as reduce primary oil consumption in transportation, reduce pollution in cities, facilitate customer adoption of electric and clean energy vehicles, among others.

The United States zero emission vehicle market is driven by increase in disposable income and rise in consumer confidence towards the usage of zero emission vehicles. Moreover, technological advancement with respect to new features and growth in awareness towards the advantage of ZEV vehicles are expected to fuel the use of ZEV vehicles. Furthermore, growth in environmental concern in terms of rising carbon footprint is expected to presents a major opportunity for the market growth. It is estimated that by 2028, the market size of the zero-emission vehicle industry in the United States will reach 18314.55 M USD.

Stiff competition

With major manufacturers and suppliers in the Zero Emission Vehicle (Zev) industry competing in United States, the intensity of competition within the Zero Emission Vehicle (Zev) industry has increased. The vendors adopt strategies like price premiums to stay competitive in the market. Meanwhile, those transnational corporations are providing tough competition to the local vendors in Zero Emission Vehicle (Zev) based on product pricing. The fierce competition is not conducive to the sustainable development of the industry. At the same time, small companies or small retailers enter the business consequently as venturing into a Zero Emission Vehicle (Zev) business does not require immense capital or investment. However, this leads to the proliferation of sub-standard or duplicate products which then hampers the competitive scenario in the market as established Zero Emission Vehicle (Zev) manufacturers are compelled to lower the price of their products, which ultimately impacts their profit margins and sales volumes. The fierce competition is not conducive to the sustainable development of the industry.

Tesla Outlook
Company Name	Tesla
Website	www.tesla.com
Established Time	2003
Headquarters	USA
Sales Region	Worldwide
Business Overview	Tesla, Inc. (formerly Tesla Motors, Inc.) is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla\'s current products include electric cars (the Model S, Model 3, Model X, and Model Y), battery energy storage from home to grid scale (the Powerwall, Powerpack, and Megapack), solar products (solar panels and solar roof tiles) and related products and services. Today, Tesla builds not only all-electric vehicles but also infinitely scalable clean energy generation and storage products.
Company News	Tesla has released its 2022 Global Production and Delivery report. Tesla topped the industry with 1.31 million electric vehicle deliveries