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Electric Commercial Vehicle Market
Electric Commercial Vehicle Market by Vehicle Type (Light Commercial Vehicles and Heavy Commercial Vehicles), Propulsion Type (BEV and HEV), Power Output, End User (Public Transport and Logistics), and Geography - Global Forecast to 2031
Report ID:MRAUTO - 1041083 Pages: 250 Aug-2024 Formats*: PDF Category: Automotive and Transportation Delivery: 24 to 72 HoursElectric Commercial Vehicle Market Size & Forecast
The Electric Commercial Vehicle Market is expected to reach $920.9 billion by 2031, at a CAGR of 25.4% from 2024–2031. By Volume, this market is projected to reach 9.4 million units by 2031, at a CAGR of 26.3% from 2024–2031. The growth of the electric commercial vehicle market is driven by supportive government policies and regulations, increasing investments by leading automotive OEMs, and decreasing prices of batteries. However, the high purchasing costs of electric vehicles and the lack of charging infrastructure in developing countries restrain the growth of this market.
Furthermore, growing scope in emerging economies and growth in smart city & infrastructure projects are expected to offer significant growth opportunities for players operating in the electric commercial vehicle market. However, the range limitations of electric vehicles and the lack of reliable performance in heavy-duty applications may hinder the growth of this market.
Supportive Government Policies and Regulations Boosting the Demand for Electric Commercial Vehicles
Governments around the world are implementing policies and regulations to support EV adoption. Financial incentives, such as tax credits and rebates, are being offered to encourage consumers to purchase electric vehicles. These incentives are helping reduce the upfront costs of electric vehicles, making them more affordable for consumers. Electric light commercial vehicles (LCV) include pick-up trucks, minivans, and three-wheeler vehicles used to transport goods. Retail MNCs and transport fleet operators are increasingly shifting to electric light commercial vehicles due to improved battery capacities, an expanding lineup of attractive new models, reductions in fleet emissions, and growing charging station networks.
The mass production of batteries and the attractive tax incentives offered by governments have further reduced these vehicles' costs, making electric light commercial vehicles much more cost-effective. For instance, in July 2023, the government of India is planning to renew the subsidy scheme for the Faster Adoption and Manufacturing of Electric Vehicles scheme or FAME 3.0. The subsidy is likely to cover light commercial vehicles along with supporting research and development in the renewable energy sector. In June 2023, the U.S. Department of Transportation provided USD 1.7 billion in grants for buying zero- and low-emission buses, with the money going to transit projects in 46 states and territories. The grants will enable transit agencies and state and local governments to buy 1,700 U.S.-built buses, nearly half of which will have zero carbon emissions. Such government initiatives help to drive the growth of electric commercial vehicles during the forecast period.
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Key Findings in the Global Electric Commercial Vehicle Market Study:
The Light Commercial Vehicles Segment to Register the Higher CAGR
Based on vehicle type, the global electric commercial vehicle market is segmented into light commercial vehicles and heavy commercial vehicles. The heavy commercial vehicles segment is sub-segmented into electric tractors, electric trucks, and other commercial vehicles. The light commercial vehicles segment is projected to register the highest CAGR during the forecast period due to the growing awareness regarding the role of electric commercial vehicles in reducing carbon emissions, the increase in demand for electric vehicles to reduce fleet emissions, and stringent government rules and regulations towards electric vehicles.
The Battery Electric Vehicles Segment to Register the Higher CAGR
Based on propulsion type, the global electric commercial vehicle market is segmented into battery electric vehicles and hybrid electric vehicles. The hybrid electric vehicles segment is sub-segmented into pure hybrid electric vehicles and plug-in hybrid electric vehicles. The battery electric vehicles segment is projected to register the highest CAGR during the forecast period due to the increasingly stringent emission standards, rising demand for increased fuel efficiency, growing demand for zero-emission vehicles, and a continuous reduction in battery prices.
The 100 kW to 250 kW Segment to Register the Higher CAGR
Based on power output, the global electric commercial vehicle market is segmented into less than 100 kW, 100 kW to 250 kW, and more than 250 kW. The 100 kW to 250 kW segment is projected to register the highest CAGR during the forecast period due to the increasing adoption of electric buses and trucks, mainly for public transportation and freight service applications.
The Public Transport Segment to Register the Higher CAGR
Based on end user, the global electric commercial vehicle market is segmented into public transport and logistics. The public transport segment is projected to register the highest CAGR during the forecast period due to the increase in fuel prices and stringent emission norms set by governments, the growing adoption of autonomous delivery vehicles, and the increasing adoption of electric buses and trucks.
Europe to be the Fastest-growing Regional Market
Based on geography, the electric commercial vehicle market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Europe is projected to record the highest CAGR during the forecast period. The growth of this regional market is majorly attributed to the increasing adoption of electric mobility in emerging economies, supportive government subsidies & tax rebates for promoting EVs, the growing adoption of autonomous delivery vehicles, and the increasing adoption of electric buses and trucks for public transport and freight services.
Electric Commercial Vehicle Market: Key Companies
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by leading players over the past three-four years. The key players operating in the global electric commercial vehicle market include NFI Group Inc. (Canada), AB Volvo (Sweden), Traton SE (Germany), Mercedes-Benz Group AG (Germany), Zhengzhou Yutong Bus Co., Ltd. (China), Ford Motor Company (U.S.), Tesla Inc. (U.S.), Ashok Leyland Limited (India), Tata Motor Limited (India), Olectra Greentech Limited (India), Groupe Renault (France), BMW AG (Germany), BYD Company Ltd. (China), DAF Trucks N.V. (Netherlands), and Workhorse Group Inc. (U.S.).
Electric Commercial Vehicle Market Report Summary:
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Particular |
Details |
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Number of Pages |
250 |
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Format |
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Forecast Period |
2024–2031 |
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Base Year |
2023 |
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CAGR (Value) |
25.4% |
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Estimated Market Size (Value) |
$920.9 billion by 2031 |
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CAGR (Volume) |
26.3% |
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Estimated Market Size (Volume) |
9.4 million units by 2031 |
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Segments Covered |
By Vehicle Type
By Propulsion Type
By Power Output
By End User
By Geography
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Countries Covered |
North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), Latin America, and Middle East & Africa |
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Key Companies |
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Key questions answered in the report:
The global electric commercial vehicle market is projected to reach $920.9 billion by 2031, at a CAGR of 25.4% from 2024–2031.
In 2024, the light commercial vehicles segment is expected to account for the larger share of the global electric commercial vehicle market. The growth of this segment is attributed to the growing awareness regarding the role of electric commercial vehicles in reducing carbon emissions, the increase in demand for electric vehicles to reduce fleet emissions, and stringent government rules and regulations towards electric vehicles.
The growth of the electric commercial vehicle market is driven by supportive government policies and regulations, increasing investments by leading automotive OEMs, and decreasing prices of batteries.
Furthermore, growing scope in emerging economies and growth in smart city & infrastructure projects are expected to offer significant growth opportunities for players operating in the electric commercial vehicle market.
The key players operating in the global electric commercial vehicle market include NFI Group Inc. (Canada), AB Volvo (Sweden), Traton SE (Germany), Mercedes-Benz Group AG (Germany), Zhengzhou Yutong Bus Co., Ltd. (China), Ford Motor Company (U.S.), Tesla Inc. (U.S.), Ashok Leyland Limited (India), Tata Motor Limited (India), Olectra Greentech Limited (India), Groupe Renault (France), BMW AG (Germany), BYD Company Ltd. (China), DAF Trucks N.V. (Netherlands), and Workhorse Group Inc. (U.S.).
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)
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