Press release
Global Electric Commercial Vehicle Market Trends 2020 | Segmentation, Outlook, Industry Report to 2026
The global electric commercial vehicle market is anticipated to grow at a lucrative CAGR of 19.0% during the forecast period (2020-2026). Electric commercial vehicles are the best option to replace traditional commercial vehicles while bringing sustainability to the environment. Replacement of traditional vehicles with electric ones is a costly endeavor. Therefore, the government's support in the form of funding, subsidy, or grant will fuel the growth of the global electric commercial vehicle market.(Get 15% Discount on Buying this Report)
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Moreover, witnessing the opportunity in the electric commercial vehicle industry, multiple start-ups have secured funding in the last couple of years. Some of the major investments in the field of the electric commercial vehicle include GM funding to Nicola; Amazon and BlackRock funding to Rivian. In September 2020, GM partnered with Nikola Motor Co., a US-based manufacturer of electric hydrogen-fuel cell vehicles and trucks. GM bought the 11.0% ownership of the start-up for $2 billion.
A Full Report of Global Electric Commercial Vehicle Market is Available at: https://www.omrglobal.com/industry-reports/electric-commercial-vehicle-market
Besides, in July 2020, Rivian, an EV start-up has raised $2.5 billion, bringing its total funding to date to around $6.0 billion ahead of the launch of its all-electric pickup truck and SUV in early 2021. The new funding comes from Soros Fund Management LLC, Coatue (a hedge fund), Fidelity Management and Research Company, and investment firm Baron Capital Group. The huge influx of money in the companies will provide the required capital to establish their manufacturing and marketing capabilities all across the globe during the forecast period.
Market Coverage
Market number available for – 2019-2026
Base year- 2019
Forecast period- 2020-2026
Segment Covered- By Vehicle Type, By Range, By Application
Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
Competitive Landscape- BYD Co. Ltd; Rivian, Nikola Motor Co.; Proterra, Inc; AB Volvo; Tesla Inc.
Global Electric Commercial Vehicle Market report Segment
By Vehicle Type
Electric Bus
Electric Truck (Medium and Heavy Duty Trucks)
Electric Pick-up Truck
By Range
Less than 250 Km
250- 500 Km
Above 500 Km
By Application
Public
Private
Global Electric Commercial Vehicle Market Report Segment
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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