Report ID: SQMIG20V2006
Electric Commercial Vehicle Market Size, Share, Growth Analysis, By Vehicle Type(Pickup Trucks, Trucks (Medium-duty trucks, Heavy-duty trucks), Vans (Light vans), By Propulsion(BEVS, FCEVS), By Battery Type(NMC Batteries, LFP Batteries, Solid-state Batteries, Others), By Battery Capacity(Less Than 60 KWH, 60–120 KWH, 121–200 KWH, 201–300 KWH), By Power Output(Less Than 100 KW, 100–250 KW, Above 250 KW), By Speed(Less Than 100 MPH, 100MPH to 125MPH and Above 125 MPH), By Range(Less Than 150 Miles, 151–300 Miles, Above 300 Miles), By Class(Low Classed, Mid Classed, High Classed), By End Use(Last-mile Delivery, Field Services, Distribution Services, Long-haul Transportation), By Body Construction(Integrated, Semi-integrated, Full-sized), By Component(Battery Packs, Onboard Chargers, Electric Motors, Inverters), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20V2006 |
Region:
Global |
Published Date: August, 2024
Pages:
202
|
Tables:
62 |
Figures:
77
Electric Commercial Vehicle Market Regional Insights
More than 60% of all electric vehicle sales worldwide in 2022 were in the Asia-Pacific region, with China alone accounting for 41% of those sales. In addition, the study notes that the Asia Pacific region is anticipated to maintain its dominance in the global market during the projected period because of the favourable government regulations and rising demand for environmentally friendly automobiles in the region. According to the International Energy Agency (IEA), China has the largest electric car market in the world, with more than 5.92 million electric vehicles shipped there in 2022.
Market conditions in North America have significantly improved. A competitive advantage in terms of logistics assistance is provided by developed nations like the United States, Canada, and Germany, which have made considerable advancements in public transportation and logistics. By 2029, the North American market for electric commercial vehicles is expected to have grown to US$ 107.62 billion from its estimated value of US$ 11.76 billion in 2022. According to forecasts, the market for electric commercial vehicles will expand at a CAGR of 37.2%.
Electric Commercial Vehicle Market Report Snapshots
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