PUBLISHER: MarketLine | PRODUCT CODE: 1100699
PUBLISHER: MarketLine | PRODUCT CODE: 1100699
The NAFTA Hybrid & Electric Cars industry profile provides top-line qualitative and quantitative summary information including: Market size (value and volume 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the Market.
The North American Free Trade Agreement (NAFTA) is a trade agreement between the countries in North America: the US, Canada and Mexico. The hybrid & electric cars industry within the NAFTA countries had a total market value of $50,222.3 million in 2021.The Mexico was the fastest growing country, with a CAGR of 48.7% over the 2017-21 period.
Within the hybrid & electric cars industry, the US is the leading country among the NAFTA bloc, with market revenues of $47,873.7 million in 2021. This was followed by Canada and Mexico, with a value of $1,651.1 and $697.4 million, respectively.
The US is expected to lead the hybrid & electric cars industry in the NAFTA bloc, with a value of $74,924.8 million in 2026, followed by Canada and Mexico with expected values of $3,749.1 and $1,156.4 million, respectively.