Global Commercial Electric Vehicle Market Size, Share & Trends Analysis Report By Vehicle Type, By Propulsion, By Region, And Segment Forecasts, 2023 - 2030

Market Overview:

The Global Commercial Electric Vehicle Market was estimated at 234.16 Thousand units in 2021 and is anticipated to reach 1200.43 Thousand units by 2028, growing at a CAGR of 26.3%.

Electricity has the potential to power not just cars but also a wide range of commercial vehicles, including buses, trucks, vans, and those used in the agriculture and building industries. Compared to gasoline vehicles, electric vehicles (EVs) offer several advantages such as being more environmentally friendly, quieter, and more efficient. This is particularly important for commercial vehicles, which consume significant amounts of fuel, especially diesel. Additionally, the availability of fossil fuels like oil is limited, and their usage contributes significantly to air pollution.

Key Players For The Global Commercial Electric Vehicle Market

•Traton SE
•AB Volvo
•BYD Auto Co. Ltd
•Daimler AG
•Zhongtong Bus Holding
•Anhui Ankai Automobile Co. LTD
•Proterra Inc.
•Rivian
•Tata Motors Limited
•Tesla Inc.
•Ford Motor Company
•NFI Group Inc and Other Major Players.

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Market Dynamics:

Driver:

The increasing demand for sustainable transportation is a significant driver behind the growth of commercial electric vehicles (EVs). As concerns about environmental impact and the need to reduce greenhouse gas emissions continue to escalate, there is a growing recognition that transitioning to cleaner and more sustainable transportation solutions is imperative. Commercial EVs, including buses, trucks, vans, and vehicles used in agriculture and the building industry, offer a compelling solution to address these concerns. They are more environmentally friendly compared to their gasoline or diesel counterparts since they do not emit CO2 or other harmful pollutants during operation.

Opportunities:

The large-scale adoption of commercial electric vehicles by corporations presents a significant opportunity for reducing carbon emissions. As corporations strive to meet sustainability goals and reduce their environmental impact, transitioning their fleets to electric vehicles can play a crucial role in achieving these objectives. By replacing traditional gasoline or diesel-powered commercial vehicles with electric alternatives, corporations can significantly reduce carbon emissions associated with transportation. Electric vehicles produce zero tailpipe emissions, meaning they do not release harmful pollutants such as carbon dioxide (CO2) or other greenhouse gases during operation.

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The Report Will Include A Major Chapter

•Patent Analysis
•Regulatory Framework
•Technology Roadmap
•BCG Matrix
•Heat Map Analysis
•Price Trend Analysis
•Investment Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
•Pestle Analysis

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Market Segmentation

By Vehicle Type:

•Bus
•Trucks
•Pick-up Trucks
•Vans

By Propulsion:

•Battery Electric Vehicles
•Plug-in Hybrid Electric Vehicles
•Fuel Cell Electric Vehicles

By End Users:

•Last Mile Delivery
•Distribution Services
•Transportation
•Others

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By Region:

•North America (U.S., Canada, Mexico)
•Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
•Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
•Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
•Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
•South America (Brazil, Argentina, Rest of SA

Key Industry Developments In The Commercial Electric Vehicle Market

In June 2022, Ford announced a USD 3.7 billion investment in the creation of 6,200 jobs in the United States. A total of USD 1.5 billion and 1,800 union jobs will be created at the Ohio Assembly Plant to build an all-new electric commercial vehicle.

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Table of Content:

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Vehicle Type
 3.2 By Propulsion
 3.3 By End Users

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Commercial Electric Vehicle Market by Vehicle Type
 5.1 Commercial Electric Vehicle Market Overview Snapshot and Growth Engine
 5.2 Commercial Electric Vehicle Market Overview
 5.3 Bus
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Bus: Geographic Segmentation
 5.4 Trucks
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Trucks: Geographic Segmentation
 5.5 Pick-up Trucks
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Pick-up Trucks: Geographic Segmentation
 5.6 Vans
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Vans: Geographic Segmentation

Chapter 6: Commercial Electric Vehicle Market by Propulsion

Continued….

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