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 electric commercial vehicles market size is expected to grow from $89.97 billion in 2020 at a CAGR of 12.5% to reach $162.10 billion in 2025. The global electric commercial vehicles market size is expected to reach $316.67 billion in 2030, at a CAGR of 14.3%.

Demand for electric vehicles is estimated to increase going forward, driven by the rise in fuel prices.

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The commercial electric vehicles market consists of sales of commercial electric vehicles by entities (organizations, sole traders and partnerships) that manufacture and sell electrical commercial vehicles to the end users or customers. Electric commercial vehicles, also known as, commercial electrical vehicles, are fully or partially powered by electricity instead of diesel or gasoline.

Global Electric Commercial Vehicles Market Segments Include:
By Propulsion Type: BEV, PHEV, FCEV

By Vehicle Type: Electric Bus, Electric Truck, Electric Van, Others

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 global electric commercial vehicles market, accounting for 48.9% of the total in 2021.

The use of artificial intelligence (AI) in electric commercial vehicles is a key trend gaining popularity. AI algorithms and controllers help provide a realistic driving-range estimation and optimize energy conservation in electric vehicles, ultimately helping add extra driving range. Artificial intelligence is also the core in self-driving cars which are becoming increasingly popular in the electric commercial vehicle market.

TBRC’s Electric Commercial Vehicles Market Report Covers:

Major Market Players: BYD Company Ltd., Zhengzhou Yutong Bus Co. Ltd, Daimler AG, Proterra, VDL Groep BV.

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 Market Report 2022 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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