1. Introduction
1.1. Market Definition & Scope
1.2. Currency & Limitations
1.2.1. Currency
1.2.2. Limitations
2. Research Methodology
2.1. Research Approach
2.2. Data Collection & Validation Process
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
2.3. Market Sizing and Forecasting
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
3.1. Overview
3.2. Market Analysis, by Vehicle Type
3.3. Market Analysis, by Propulsion Type
3.4. Market Analysis, by Power Output
3.5. Market Analysis, by End User
3.6. Market Analysis, By Geography
3.7. Competitive Analysis
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.2.1. Drivers
4.2.1.1. Supportive Government Policies and Regulations
4.2.1.2. Increasing Investments by Leading Automotive OEMs
4.2.1.3. Decreasing Prices of Batteries
4.2.2. Restraints
4.2.2.1. High Purchasing Costs of Electric Vehicles
4.2.2.2. Lack of Charging Infrastructure in Developing Countries
4.2.3. Opportunities
4.2.3.1. Growing Scope in Emerging Economies
4.2.3.2. Growth in Smart City & Infrastructure Projects
4.2.4. Challenges
4.2.4.1. Range Limitations of Electric Vehicles
4.2.4.2. Lack of Reliable Performance in Heavy-Duty Applications
4.2.5. Trends
4.3. Electric Vehicle Charging Standard
4.4. Case Studies
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Buyers
4.5.2. Bargaining Power of Suppliers
4.5.3. Threat of Substitutes
4.5.4. Threat of New Entrants
4.5.5. Degree of Competition
4.6. Value Chain Analysis
5. Electric Commercial Vehicle Market Assessment—by Vehicle Type
5.1. Overview
5.2. Light Commercial Vehicles
5.3. Heavy Commercial Vehicles
5.3.1. Electric Tractors
5.3.2. Electric Trucks
5.3.3. Other Commercial Vehicles
6. Electric Commercial Vehicle Market Assessment—by Propulsion Type
6.1. Overview
6.2. Battery Electric Vehicles
6.3. Hybrid Electric Vehicles
6.3.1. Pure Hybrid Electric Vehicles
6.3.2. Plug-in Hybrid Electric Vehicles
7. Electric Commercial Vehicle Market Assessment—by Power Output
7.1. Overview
7.2. Less Than 100 kW
7.3. 100 kW to 250 kW
7.4. More Than 250 kW
8. Electric Commercial Vehicle Market Assessment—by End User
8.1. Overview
8.2. Public Transport
8.3. Logistics
9. Electric Commercial Vehicle Market Assessment—by Geography
9.1. Overview
9.2. Asia-Pacific
9.2.1. China
9.2.2. Japan
9.2.3. India
9.2.4. South Korea
9.2.5. Rest of Asia-Pacific
9.3. North America
9.3.1. U.S.
9.3.2. Canada
9.4. Europe
9.4.1. U.K.
9.4.2. Germany
9.4.3. Italy
9.4.4. Spain
9.4.5. France
9.4.6. Rest of Europe
9.5. Latin America
9.6. Middle East & Africa
10. Competition Analysis
10.1. Overview
10.2. Key Growth Strategies
10.3. Competitive Benchmarking
10.4. Competitive Dashboard
10.4.1. Industry Leaders
10.4.2. Market Differentiators
10.4.3. Vanguards
10.4.4. Emerging Companies
10.5. Market Share Analysis (2022)
11. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)
11.1. NFI Group Inc.
11.2. AB Volvo
11.3. Traton SE
11.4. Mercedes-Benz Group AG
11.5. Zhengzhou Yutong Bus Co., Ltd.
11.6. Ford Motor Company
11.7. Tesla Inc.
11.8. Ashok Leyland Limited
11.9. Tata Motor Limited
11.10. Olectra Greentech Limited
11.11. Groupe Renault
11.12. BMW AG
11.13. BYD Company Ltd.
11.14. DAF Trucks N.V.
11.15. Workhorse Group Inc.
(Note: SWOT Analysis of the Top 5 Companies Will Be Provided)
12. Appendix
12.1. Available Customization
12.2. Related Reports
List of Tables
Table 1 Currency Conversion Rates (2018–2022)
Table 2 Global Electric Commercial Vehicle Market, by Vehicle Type, 2024–2031 (USD Million)
Table 3 Global Light Commercial Vehicles Market, by Country/Region, 2022–2031 (USD Million)
Table 4 Global Heavy Commercial Vehicles Market, by Type, 2022–2031 (USD Million)
Table 5 Global Heavy Commercial Vehicles Market, by Country/Region, 2022–2031 (USD Million)
Table 6 Global Electric Tractors Market, by Country/Region, 2022–2031 (USD Million)
Table 7 Global Electric Trucks Market, by Country/Region, 2022–2031 (USD Million)
Table 8 Global Other Commercial Vehicles Market, by Country/Region, 2022–2031 (USD Million)
Table 9 Global Electric Commercial Vehicle Market, by Propulsion Type, 2024–2031 (USD Million)
Table 10 Global Battery Electric Vehicles Market, by Country/Region, 2022–2031 (USD Million)
Table 11 Global Hybrid Electric Vehicles Market, by Type, 2022–2031 (USD Million)
Table 12 Global Hybrid Electric Vehicles Market, by Country/Region, 2022–2031 (USD Million)
Table 13 Global Pure Hybrid Electric Vehicles Market, by Country/Region, 2022–2031 (USD Million)
Table 14 Global Plug-in Hybrid Electric Vehicles Market, by Country/Region, 2022–2031 (USD Million)
Table 15 Global Electric Commercial Vehicle Market, by Power Output, 2024–2031 (USD Million)
Table 16 Global Electric Commercial Vehicle Market for Less Than 100 kW, by Country/Region, 2022–2031 (USD Million)
Table 17 Global Electric Commercial Vehicle Market for 100 kW to 250 kW, by Country/Region, 2022–2031 (USD Million)
Table 18 Global Electric Commercial Vehicle Market for More Than 250 kW, by Country/Region, 2022–2031 (USD Million)
Table 19 Global Electric Commercial Vehicle Market, by End User, 2024–2031 (USD Million)
Table 20 Global Electric Commercial Vehicle Market for Public Transport, by Country/Region, 2022–2031 (USD Million)
Table 21 Global Electric Commercial Vehicle Market for Logistics, by Country/Region, 2022–2031 (USD Million)
Table 22 Global Electric Commercial Vehicle Market, by Country/Region, 2022–2031 (USD Million)
Table 23 Global Electric Commercial Vehicle Market Volume, by Country/Region, 2022–2031 (Million Units)
Table 24 Asia-Pacific: Electric Commercial Vehicle Market, by Country/Region, 2022–2031 (USD Million)
Table 25 Asia-Pacific: Electric Commercial Vehicle Market, by Country/Region, 2022–2031 (Million Units)
Table 26 Asia-Pacific: Electric Commercial Vehicle Market, by Vehicle Type, 2022–2031 (USD Million)
Table 27 Asia-Pacific: Electric Commercial Vehicle Market, by Propulsion Type, 2022–2031 (USD Million)
Table 28 Asia-Pacific: Electric Commercial Vehicle Market, by Power Output, 2022–2031 (USD Million)
Table 29 Asia-Pacific: Electric Commercial Vehicle Market, by End User, 2022–2031 (USD Million)
Table 30 China: Electric Commercial Vehicle Market, by Vehicle Type, 2022–2031 (USD Million)
Table 31 China: Electric Commercial Vehicle Market, by Propulsion Type, 2022–2031 (USD Million)
Table 32 China: Electric Commercial Vehicle Market, by Power Output, 2022–2031 (USD Million)
Table 33 China: Electric Commercial Vehicle Market, by End User, 2022–2031 (USD Million)
Table 34 Japan: Electric Commercial Vehicle Market, by Vehicle Type, 2022–2031 (USD Million)
Table 35 Japan: Electric Commercial Vehicle Market, by Propulsion Type, 2022–2031 (USD Million)
Table 36 Japan: Electric Commercial Vehicle Market, by Power Output, 2022–2031 (USD Million)
Table 37 Japan: Electric Commercial Vehicle Market, by End User, 2022–2031 (USD Million)
Table 38 India: Electric Commercial Vehicle Market, by Vehicle Type, 2022–2031 (USD Million)
Table 39 India: Electric Commercial Vehicle Market, by Propulsion Type, 2022–2031 (USD Million)
Table 40 India: Electric Commercial Vehicle Market, by Power Output, 2022–2031 (USD Million)
Table 41 India: Electric Commercial Vehicle Market, by End User, 2022–2031 (USD Million)
Table 42 South Korea: Electric Commercial Vehicle Market, by Vehicle Type, 2022–2031 (USD Million)
Table 43 South Korea: Electric Commercial Vehicle Market, by Propulsion Type, 2022–2031 (USD Million)
Table 44 South Korea: Electric Commercial Vehicle Market, by Power Output, 2022–2031 (USD Million)
Table 45 South Korea: Electric Commercial Vehicle Market, by End User, 2022–2031 (USD Million)
Table 46 Rest of Asia-Pacific: Electric Commercial Vehicle Market, by Vehicle Type, 2022–2031 (USD Million)
Table 47 Rest of Asia-Pacific: Electric Commercial Vehicle Market, by Propulsion Type, 2022–2031 (USD Million)
Table 48 Rest of Asia-Pacific: Electric Commercial Vehicle Market, by Power Output, 2022–2031 (USD Million)
Table 49 Rest of Asia-Pacific: Electric Commercial Vehicle Market, by End User, 2022–2031 (USD Million)
Table 50 North America: Electric Commercial Vehicle Market, by Country, 2022–2031 (USD Million)
Table 51 North America: Electric Commercial Vehicle Market, by Country, 2022–2031 (Million Units)
Table 52 North America: Electric Commercial Vehicle Market, by Vehicle Type, 2022–2031 (USD Million)
Table 53 North America: Electric Commercial Vehicle Market, by Propulsion Type, 2022–2031 (USD Million)
Table 54 North America: Electric Commercial Vehicle Market, by Power Output, 2022–2031 (USD Million)
Table 55 North America: Electric Commercial Vehicle Market, by End User, 2022–2031 (USD Million)
Table 56 U.S.: Electric Commercial Vehicle Market, by Vehicle Type, 2022–2031 (USD Million)
Table 57 U.S.: Electric Commercial Vehicle Market, by Propulsion Type, 2022–2031 (USD Million)
Table 58 U.S.: Electric Commercial Vehicle Market, by Power Output, 2022–2031 (USD Million)
Table 59 U.S.: Electric Commercial Vehicle Market, by End User, 2022–2031 (USD Million)
Table 60 Canada: Electric Commercial Vehicle Market, by Vehicle Type, 2022–2031 (USD Million)
Table 61 Canada: Electric Commercial Vehicle Market, by Propulsion Type, 2022–2031 (USD Million)
Table 62 Canada: Electric Commercial Vehicle Market, by Power Output, 2022–2031 (USD Million)
Table 63 Canada: Electric Commercial Vehicle Market, by End User, 2022–2031 (USD Million)
Table 64 Europe: Electric Commercial Vehicle Market, by Country/Region, 2022–2031 (USD Million)
Table 65 Europe: Electric Commercial Vehicle Market, by Country/Region, 2022–2031 (Million Units)
Table 66 Europe: Electric Commercial Vehicle Market, by Vehicle Type, 2022–2031 (USD Million)
Table 67 Europe: Electric Commercial Vehicle Market, by Propulsion Type, 2022–2031 (USD Million)
Table 68 Europe: Electric Commercial Vehicle Market, by Power Output, 2022–2031 (USD Million)
Table 69 Europe: Electric Commercial Vehicle Market, by End User, 2022–2031 (USD Million)
Table 70 Germany: Electric Commercial Vehicle Market, by Vehicle Type, 2022–2031 (USD Million)
Table 71 Germany: Electric Commercial Vehicle Market, by Propulsion Type, 2022–2031 (USD Million)
Table 72 Germany: Electric Commercial Vehicle Market, by Power Output, 2022–2031 (USD Million)
Table 73 Germany: Electric Commercial Vehicle Market, by End User, 2022–2031 (USD Million)
Table 74 U.K.: Electric Commercial Vehicle Market, by Vehicle Type, 2022–2031 (USD Million)
Table 75 U.K.: Electric Commercial Vehicle Market, by Propulsion Type, 2022–2031 (USD Million)
Table 76 U.K.: Electric Commercial Vehicle Market, by Power Output, 2022–2031 (USD Million)
Table 77 U.K.: Electric Commercial Vehicle Market, by End User, 2022–2031 (USD Million)
Table 78 France: Electric Commercial Vehicle Market, by Vehicle Type, 2022–2031 (USD Million)
Table 79 France: Electric Commercial Vehicle Market, by Propulsion Type, 2022–2031 (USD Million)
Table 80 France: Electric Commercial Vehicle Market, by Power Output, 2022–2031 (USD Million)
Table 81 France: Electric Commercial Vehicle Market, by End User, 2022–2031 (USD Million)
Table 82 Italy: Electric Commercial Vehicle Market, by Vehicle Type, 2022–2031 (USD Million)
Table 83 Italy: Electric Commercial Vehicle Market, by Propulsion Type, 2022–2031 (USD Million)
Table 84 Italy: Electric Commercial Vehicle Market, by Power Output, 2022–2031 (USD Million)
Table 85 Italy: Electric Commercial Vehicle Market, by End User, 2022–2031 (USD Million)
Table 86 Spain: Electric Commercial Vehicle Market, by Vehicle Type, 2022–2031 (USD Million)
Table 87 Spain: Electric Commercial Vehicle Market, by Propulsion Type, 2022–2031 (USD Million)
Table 88 Spain: Electric Commercial Vehicle Market, by Power Output, 2022–2031 (USD Million)
Table 89 Spain: Electric Commercial Vehicle Market, by End User, 2022–2031 (USD Million)
Table 90 Rest of Europe: Electric Commercial Vehicle Market, by Vehicle Type, 2022–2031 (USD Million)
Table 91 Rest of Europe: Electric Commercial Vehicle Market, by Propulsion Type, 2022–2031 (USD Million)
Table 92 Rest of Europe: Electric Commercial Vehicle Market, by Power Output, 2022–2031 (USD Million)
Table 93 Rest of Europe: Electric Commercial Vehicle Market, by End User, 2022–2031 (USD Million)
Table 94 Latin America: Electric Commercial Vehicle Market, by Vehicle Type, 2022–2031 (USD Million)
Table 95 Latin America: Electric Commercial Vehicle Market, by Propulsion Type, 2022–2031 (USD Million)
Table 96 Latin America: Electric Commercial Vehicle Market, by Power Output, 2022–2031 (USD Million)
Table 97 Latin America: Electric Commercial Vehicle Market, by End User, 2022–2031 (USD Million)
Table 98 Middle East & Africa: Electric Commercial Vehicle Market, by Vehicle Type, 2022–2031 (USD Million)
Table 99 Middle East & Africa: Electric Commercial Vehicle Market, by Propulsion Type, 2022–2031 (USD Million)
Table 100 Middle East & Africa: Electric Commercial Vehicle Market, by Power Output, 2022–2031 (USD Million)
Table 101 Middle East & Africa: Electric Commercial Vehicle Market, by End User, 2022–2031 (USD Million)
List of Figures
Figure 1 Market Ecosystem
Figure 2 Key Stakeholders
Figure 3 Research Process
Figure 4 Key Secondary Sources
Figure 5 Primary Research Techniques
Figure 6 Key Executives Interviewed
Figure 7 Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 8 Market Sizing and Growth Forecast Approach
Figure 9 Key Insights
Figure 10 The Heavy Commercial Vehicles Segment to Account for the Largest Market Share in 2024
Figure 11 The Hybrid Electric Vehicles Segment to Account for the Largest Market Share in 2024
Figure 12 The Less Than 100 kW Segment to Account for the Largest Market Share in 2024
Figure 13 The Public Transport Segment to Account for the Largest Market Share in 2024
Figure 14 Global Electric Commercial Vehicle Market, by Region (2024 VS. 2031)
Figure 15 Global Electric Commercial Vehicle Market Volume, by Region (2024 VS. 2031)
Figure 16 Impact Analysis of Market Dynamics
Figure 17 Electric Commercial Vehicle Market Supply Chain
Figure 18 Porter's Five Forces Analysis
Figure 19 Global Electric Commercial Vehicle Market, by Vehicle Type, 2024 Vs. 2031 (USD Million)
Figure 20 Global Electric Commercial Vehicle Market, by Propulsion Type, 2024 Vs. 2031 (USD Million)
Figure 21 Global Electric Commercial Vehicle Market, by Power Output, 2024 Vs. 2031 (USD Million)
Figure 22 Global Electric Commercial Vehicle Market, by End User, 2024 Vs. 2031 (USD Million)
Figure 23 Global Electric Commercial Vehicle Market, by Application, 2024 Vs. 2031 (USD Million)
Figure 24 Global Electric Commercial Vehicle Market, by Country/Region, 2024 Vs. 2031 (USD Million)
Figure 25 Global Electric Commercial Vehicle Market Volume, by Country/Region, 2024 Vs. 2031 (USD Million)
Figure 26 Asia-Pacific: Electric Commercial Vehicle Market Snapshot
Figure 27 North America: Electric Commercial Vehicle Market Snapshot
Figure 28 Europe: Electric Commercial Vehicle Market Snapshot
Figure 29 Leading Market Players’ Strategic Developments (2020–2023)
Figure 30 Vendor Market Positioning Analysis (2021–2023)
Figure 31 Competitive Dashboard: Global Electric Commercial Vehicle Market
Figure 32 Market Share Analysis, by Leading Players, 2022
Figure 33 NFI Group Inc.: Financial Overview (2022)
Figure 34 AB Volvo: Financial Overview (2022)
Figure 35 Traton SE: Financial Overview (2022)
Figure 36 Mercedes-Benz Group AG: Financial Overview (2022)
Figure 37 Zhengzhou Yutong Bus Co., Ltd.: Financial Overview (2022)
Figure 38 Ford Motor Company: Financial Overview (2022)
Figure 39 Tesla Inc.: Financial Overview (2022)
Figure 40 Ashok Leyland Limited: Financial Overview (2022)
Figure 41 Tata Motor Limited: Financial Overview (2022)
Figure 42 Olectra Greentech Limited: Financial Overview (2022)
Figure 43 Groupe Renault: Financial Overview (2022)
Figure 44 BMW AG: Financial Overview (2022)
Figure 45 BYD Company Ltd.: Financial Overview (2022)
Figure 46 Workhorse Group Inc.: Financial Overview (2022)