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About 3,000 automobile companies have existed in the United States. [ 21 ] In the early 1900s, the U.S. saw the rise of the Big Three automakers, Ford, GM, and Chrysler. The industry became centered around Detroit, in Michigan, and adjacent states and in nearby Ontario, Canada.
Automotive manufacturers' estimated market share in the U.S. 2023. Find the most relevant and recent facts about the U.S. automotive industry.
U.S. automakers have invested over $63 billion in electric vehicle technology since 2010. The U.S. automotive industry invests about $18 billion per year in workforce training. U.S. automotive exports to Canada and Mexico totaled $89.9 billion in 2021.
Sep 27, 2021 · Learn about the origins, trends, and performance of the U.S. auto industry, which accounts for 2.5% of the GDP and employs over 2.8 million people. Find out how to analyze and invest in the auto sector using GICS classifications and indexes.
EV penetration in the US is expected to increase to 30% by 2030 (from about 5% currently) and hit 41% globally (from about 10% now), according to PwC’s auto industry forecast. And, by 2029, auto OEMs globally are forecast to launch over 1,000 BEV nameplates (nearly doubling the number in 2022), with North America accounting for about 170 ...
Jan 1, 2016 · These forces are giving rise to four disruptive technology-driven trends in the automotive sector: diverse mobility, autonomous driving, electrification, and connectivity. Most industry players and experts agree that the four trends will reinforce and accelerate one another, and that the automotive industry is ripe for disruption.
Although the U.S. automotive industry is already making an enormous contribution to the U.S. economy and its workforce, a policy environment aimed at facilitating and growing U.S. auto manufacturing and exports would help America’s automakers do even more.
