Press release
Electric Commercial Vehicle Industry By Suppliers, Application and Sales Price, Forecast 2018-2025
The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc. Some of the major drivers of this market are the need for fuel-efficient and emission-free vehicles and the increasing demand for electric commercial vehicle such as electric truck in the logistics industry to minimize the additional liability of fuel expenses. Innovations in EV battery capacity, which will enable electric commercial vehicle to carry heavy loads over longer range, can create new revenue generation opportunities.
Whereas, oil companies lobbying against EV, limited battery power, and longer charging duration are few challenges for the global market. The bus segment is estimated to be the fastest growing market, in terms of volume, for electric commercial vehicle, by vehicle, followed by van, pick-up truck, and truck. Various government mandates and individual country targets to phase out fossil fuel-based public transportation system and to replace them with electric buses will help the bus market grow over the forecast period.
The Electric Commercial Vehicle market was valued at xx Million US$ in 2017 and is projected to reach xx Million US$ by 2025, at a CAGR of 14.2% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Electric Commercial Vehicle.
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This report includes the following manufacturers; we can also add the other companies as you want.
Tesla
Nissan
BYD
Daimler
Proterra
LG Chem
Samsung SDI
Panasonic
Delphi
ABB
Market Segment by Product Type
Bus
Truck
Pick-Up Truck
Van
Market Segment by Application
Commercial
Private
Key Regions split in this report:
North America
Asia-Pacific
Europe
Central & South America
Middle East & Africa
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