Learn about the global electric commercial vehicles market through The Business Research Company, which provides information on electric commercial vehicles market size, electric commercial vehicles market drivers and restraints, electric commercial vehicles market players, the COVID-19 impact on the electric commercial vehicles market, and more.

The global electric commercial vehicles market size is expected to grow from $66.9 billion in 2021 to $88.45 billion in 2022 at a compound annual growth rate (CAGR) of 32.2%. The global commercial electric vehicles market size is expected to grow to $270.34 billion in 2026 at a CAGR of 32.2%.

The support from the government to promote the use of commercial electric vehicles is driving the market.

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The electric commercial vehicles market consists of sales of electric commercial vehicles and related services. Electric commercial vehicles are electrically-powered, self-propelled electric vehicles used for transportation that helps reduce greenhouse gas releases (GHG) and pollution and works with the help of both electric motors working in tandem. Electric commercial vehicles are used for the delivery of goods and transport, such as a passenger, that is powered by batteries and include buses, trucks, vans, and pick-up trucks.

Global Electric Commercial Vehicles Market Segments Include:

By Propulsion Type: BEV, PHEV, FCEV

By Vehicle Type: Electric Bus, Electric Truck, Electric Pick-Up Truck, Electric Van

By Battery Type: Lithium-Iron-Phosphate (LFP), Lithium-Nickel-Manganese-Cobalt oxide (NMC), Others

By Technology: Battery Electric Commercial Vehicles, Plug-In Hybrids, Hybrids, Fuel Cell Electric Commercial Vehicles

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the electric commercial vehicle market in 2021.

Electric commercial vehicle companies are implementing strategic partnerships for the production of electric commercial vehicles. Strategic partnerships in electric commercial vehicles involve sharing of resources and expertise that enhances the product and multiplies the result. It attracts popularity from consumers and other stakeholders, helping to increase the investment while reducing costs.

TBRC’s electric commercial vehicles market report covers:

Major Market Players: BYD, Proterra, AB Volvo, Daimler AG, Nissan, ABB, Scania AB, Tesla, Nikola Motor Company, and Tata Motors.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Electric Commercial Vehicles Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides electric commercial vehicles market overviews, analyzes and forecasts market size, share, electric commercial vehicles market players, electric commercial vehicles market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s electric commercial vehicles market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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