Please Wait.....
Report
Electric Commercial Vehicle Market by Vehicle Type (Pickups, Medium and Heavy-Duty Trucks, Vans, Buses), Propulsion, Range, Battery Type, Power Output, Battery Capacity, Component, End User, Body Construction and Region - Global Forecast to 2030
Market Report I 2024-03-04 I 335 Pages I MarketsandMarkets
The global electric commercial vehicles market is projected to grow from USD 70.9 Billion in 2024 to USD 255.6 Billion by 2030, registering a CAGR of 23.8%. The global EV market is experiencing explosive growth fueled by government incentives, environmental concerns, and advancements in battery technology. This surge in EV production translates to a higher demand for electric commercial vehicles. Also, electric commercial vehicles operate at lower cost than ICE commercial vehicles. Growing research of EV batteries and EV charging systems will drive the electric commercial vehicle market. Electric vehicle charging stations, battery swapping stations, and fleet stations must be installed globally to meet the growing demand for electric commercial vehicles.
"The BEVs segment to hold largest market share during the forecast period."
The BEVs segment is expected to hold a larger share of the electric commercial vehicle market during the forecast period. Over the long term, BEVs can offer lower operating costs compared to traditional internal combustion engine vehicles. Lower fuel costs, reduced maintenance requirements (fewer moving parts), and potential incentives or subsidies contribute to a favorable Total Cost of Ownership, making BEVs economically viable for commercial applications. Ongoing advancements in battery technology, such as increased energy density, improved charging infrastructure, and longer battery life, address some of the concerns associated with electric vehicles. These advancements enhance the performance and competitiveness of BEVs in commercial applications. Automotive OEMs around the world also offer commercial BEVs. For instance, in the BEV market, K5, K6, K7M, K8, and K9 are some of the electric commercial bus series offered by BYD. Thus, the aforementioned factors will drive the demand for BEVs in the electric commercial vehicle market during the forecast period.
"NMC batteries is expected to be the largest market in the forecast period."
NMC batteries hold the largest market share due to the widespread use of these batteries globally. Many leading battery manufacturers, such as CATL (China), LG Energy Solutions (South Korea), Panasonic Corporation (Japan), and BYD (China), produce NMC batteries. NMC (Nickel Manganese Cobalt) batteries are widely adopted in the electric commercial vehicle market. These batteries have balanced cost and performance, making them cost-effective for electric commercial vehicles. This cost-effectiveness is crucial for the commercial sector, where the total cost of ownership is a significant consideration. Many leading OEMs also incorporate NMC batteries in their electric trucks, including Mercedes-Benz e-Actros, Volvo FL Electric, BYD T series, and Rivian R1T. These batteries have a higher energy density than LFP batteries, and the declining cost of NMC batteries further drives the segment.
"The last-mile delivery segment is estimated to lead end use segment market during the forecast period."
By end use, the last-mile delivery segment is expected to lead the market during the forecast period. This segment's growth is primarily driven by the evolving landscape of e-commerce and increased consumer demand for efficient and sustainable delivery solutions. Transition towards electric vans is on rise to lower operational cost for last mile deliveries particularly in urban areas. Electric commercial vehicles offer an ideal solution for last-mile delivery, providing a cost-effective and environmentally friendly alternative to traditional gasoline-powered vehicles. Additionally, the push towards stricter emission regulations and sustainability goals, both by governments and businesses, further propels the adoption of electric last-mile delivery vehicles. In September 2023, FedEx Express Europe announced the addition of 23 Mercedes-Benz eSprinter vans in its UK operations.
"Asia Pacific is projected to dominate the market for 151-300 miles segment during the forecast period."
Asia Pacific is poised to dominate the 151-300 miles segment of the electric commercial vehicle market in the coming years, primarily due to the increasing use of electric trucks and vans for urban deliveries and transport. These vehicles balance range and versatility, making them well-suited for regional logistics and inter-city transport in densely populated and dynamic markets. Moreover, the region's commitment to sustainable practices aligns with electric vehicles' zero-emission and low-noise characteristics, addressing environmental concerns and contributing to cleaner and quieter urban environments. Regional market players such as BYD (China) and Yutong (China) offer various electric commercial vehicles ranging from 151 to 300 miles. For instance, BYD's E1 pickup truck has a range of around 155 miles. The company also offers the T5 electric van with a range of up to 190 miles and the K6 electric bus with a range of up to 165 miles. As the transportation industry in Asia Pacific continues to prioritize efficiency and eco-friendliness, the demand for electric commercial vehicles with a range of 151-300 miles is expected to witness substantial growth, establishing the region as a leader in this pivotal segment.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
- By Company Type: OEMs - 50%, Tier I - 20%, Tier II- 30%,
- By Designation: CXOs - 15%, Directors- 20%, Others- 65%
- By Region: North America- 30%, Europe - 20%, Asia Pacific- 50%
The electric commercial vehicle market is dominated by global players such as BYD (China), Mercedes-Benz Group AG (Germany), Yutong (China), AB Volvo (Sweden), and Ford Motor Company (US). These companies adopted strategies such as product developments, deals, and others to gain traction in the market.
Research Coverage:
The Market Study Covers the electric commercial vehicle market By Propulsion (BEV, FCEV), Vehicle Type (Medium-duty Trucks, Heavy-duty Truck, Electric Pickup Trucks, Light Vans, Full-size Vans and Buses & Coaches), Range, Battery Type (LFP Batteries, NMC Batteries, Solid-state Batteries, and Others), Power Output (Less than 100 kW, 100?250 kW, and Above 250 kW), Battery Capacity (Less than 60 kWh, 60?120 kWh, 121?200 kWh, 201?300 kWh, 301?500 kWh, and 501?1,000 kWh), Component (Battery Packs, Onboard Chargers, Electric Motors, Inverters, DC-DC Converters, Fuel-cell Stacks, E-Axels (Including Gearboxes)), End Use (Last-mile Delivery, Field Services, Distribution Services, Refuse Trucks, Long-haul Transportation), by Body Construction (Integrated, Semi-integrated, and Full-sized ) and Region (Asia Pacific, Europe and North America). It also covers the competitive landscape and company profiles of the major players in the electric commercial vehicle market ecosystem.
Key Benefits of the Report
The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall electric commercial vehicle market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Decreasing cost of EV batteries, rising fossil fuel prices, increasing demand for emission-free electric commercial vehicles in logistics industry, government initiatives promoting electric commercial vehicle adoption), restraints (High development costs, concerns over battery safety, insufficient EV charging infrastructure), opportunities (New revenue pockets in North America and Northern Europe, development of wireless EV charging technology for on-the-go charging), and challenges (Limited battery capacity, low availability of lithium for EV batteries, insufficient grid infrastructure) influencing the growth of the electric commercial vehicle market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the electric commercial vehicle market
- Market Development: Comprehensive information about lucrative markets - the report analyses the electric commercial vehicle market across varied regions
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the electric commercial vehicle market
- Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like BYD (China), Mercedes-Benz Group AG (Germany), Yutong (China), AB Volvo (Sweden), Ford Motor Company (US) and among others in the electric commercial vehicle market Page 25 of 34 strategies.
1 INTRODUCTION 27
1.1 STUDY OBJECTIVES 27
1.2 MARKET DEFINITION 28
TABLE 1 MARKET DEFINITION, BY PROPULSION 28
TABLE 2 MARKET DEFINITION, BY END USE 28
TABLE 3 MARKET DEFINITION, BY BATTERY TYPE 28
TABLE 4 MARKET DEFINITION, BY VEHICLE TYPE 29
TABLE 5 MARKET DEFINITION, BY COMPONENT 30
1.2.1 INCLUSIONS AND EXCLUSIONS 31
TABLE 6 INCLUSIONS AND EXCLUSIONS 31
1.3 STUDY SCOPE 33
FIGURE 1 ELECTRIC COMMERCIAL VEHICLE MARKET SEGMENTATION 33
1.3.1 REGIONS COVERED 34
1.3.2 YEARS CONSIDERED 34
1.4 CURRENCY CONSIDERED 35
TABLE 7 USD EXCHANGE RATES 35
1.5 STAKEHOLDERS 35
1.6 SUMMARY OF CHANGES 36
2 RESEARCH METHODOLOGY 37
2.1 RESEARCH DATA 37
FIGURE 2 RESEARCH DESIGN 37
FIGURE 3 RESEARCH DESIGN MODEL 38
2.1.1 SECONDARY DATA 39
2.1.1.1 Key data from secondary sources 39
2.1.1.2 List of secondary sources 40
2.1.2 PRIMARY DATA 41
2.1.2.1 Breakdown of primary interviews 41
2.1.2.2 List of primary interview participants 42
2.2 MARKET SIZE ESTIMATION 42
2.2.1 RECESSION IMPACT ANALYSIS 43
2.2.2 BOTTOM-UP APPROACH 43
FIGURE 4 BOTTOM-UP APPROACH 44
2.2.3 TOP-DOWN APPROACH 44
FIGURE 5 TOP-DOWN APPROACH 44
FIGURE 6 RESEARCH APPROACH 45
FIGURE 7 ELECTRIC COMMERCIAL VEHICLE MARKET ESTIMATION NOTES 45
?
2.3 DATA TRIANGULATION 46
FIGURE 8 DATA TRIANGULATION 46
2.4 FACTOR ANALYSIS 47
2.4.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES 48
2.5 RESEARCH ASSUMPTIONS 49
2.6 RESEARCH LIMITATIONS 50
3 EXECUTIVE SUMMARY 51
FIGURE 9 ELECTRIC COMMERCIAL VEHICLE MARKET OVERVIEW 52
FIGURE 10 ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024 VS. 2030 (USD MILLION) 53
FIGURE 11 ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024 VS. 2030 (USD MILLION) 54
FIGURE 12 KEY PLAYERS IN ELECTRIC COMMERCIAL VEHICLE MARKET 55
4 PREMIUM INSIGHTS 56
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELECTRIC COMMERCIAL VEHICLE MARKET 56
FIGURE 13 INCREASING ADOPTION OF ZERO-EMISSION VEHICLES TO DRIVE MARKET 56
4.2 ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE 56
FIGURE 14 BUSES & COACHES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 56
4.3 ELECTRIC COMMERCIAL VEHICLE MARKET, BY PROPULSION 57
FIGURE 15 BATTERY ELECTRIC VEHICLES SEGMENT TO DOMINATE DURING FORECAST PERIOD 57
4.4 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY TYPE 57
FIGURE 16 NMC BATTERIES SEGMENT TO HAVE LARGEST MARKET SHARE DURING FORECAST PERIOD 57
4.5 ELECTRIC COMMERCIAL VEHICLE MARKET, BY RANGE 58
FIGURE 17 LESS THAN 150 MILES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 58
4.6 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY CAPACITY 58
FIGURE 18 501-1,000 KWH SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 58
4.7 ELECTRIC COMMERCIAL VEHICLE MARKET, BY POWER OUTPUT 59
FIGURE 19 ABOVE 250 KW SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD 59
4.8 ELECTRIC COMMERCIAL VEHICLE MARKET, BY END USE 59
FIGURE 20 LONG-HAUL TRANSPORTATION SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 59
4.9 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BODY CONSTRUCTION 60
FIGURE 21 INTEGRATED SEGMENT TO DISPLAY HIGHEST CAGR DURING FORECAST PERIOD 60
4.10 ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION 60
FIGURE 22 ASIA PACIFIC TO LEAD MARKET DURING FORECAST PERIOD 60
?
5 MARKET OVERVIEW 61
5.1 INTRODUCTION 61
5.2 MARKET DYNAMICS 62
FIGURE 23 ELECTRIC COMMERCIAL VEHICLE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 62
5.2.1 DRIVERS 62
5.2.1.1 Decreasing cost of EV batteries 62
FIGURE 24 EV BATTERY PRICING, 2019-2025 63
5.2.1.2 Rising fossil fuel prices 64
FIGURE 25 AVERAGE GLOBAL PETROL PRICES 2001 VS. 2011 VS. 2023 64
FIGURE 26 OPERATING COST COMPARISON OF EVS AND ICE VEHICLES 65
5.2.1.3 Increasing demand for emission-free electric commercial vehicles in logistics industry 65
FIGURE 27 LIFE-CYCLE GHG EMISSIONS FOR 40-TON TRACTOR TRAILERS, 2021 VS. 2030 SCENARIOS 66
TABLE 8 PURCHASE ORDER/SUPPLY CONTRACT FOR ELECTRIC COMMERCIAL VEHICLES 66
5.2.1.4 Government initiatives promoting electric commercial vehicle adoption 67
TABLE 9 GOVERNMENT PROGRAMS FOR ELECTRIC COMMERCIAL VEHICLE SALES 67
TABLE 10 ZERO-EMISSION LIGHT-DUTY VEHICLE POLICIES AND INCENTIVES IN SELECTED COUNTRIES 68
FIGURE 28 GLOBAL REGULATORY COMPARISON FOR ELECTRIC VEHICLES AND CHARGERS 69
FIGURE 29 GLOBAL ELECTRIFICATION TARGETS 69
5.2.2 RESTRAINTS 70
5.2.2.1 High development costs 70
5.2.2.2 Concerns over battery safety 70
FIGURE 30 BATTERY SAFETY ARCHITECTURE 71
5.2.2.3 Insufficient EV charging infrastructure 71
TABLE 11 EV CHARGER DENSITY, 2022 72
FIGURE 31 PRIVATE, SEMI-PUBLIC, AND PUBLIC CHARGING OWNERSHIP 72
5.2.3 OPPORTUNITIES 73
5.2.3.1 New revenue pockets in North America and Northern Europe 73
TABLE 12 ELECTRIC COMMERCIAL VEHICLE MODELS, BY COUNTRY 73
5.2.3.2 Development of wireless EV charging technology for on-the-go charging 74
FIGURE 32 FUNCTIONING OF WIRELESSLY CHARGED ELECTRIC BUSES 75
5.2.4 CHALLENGES 75
5.2.4.1 Limited battery capacity 75
TABLE 13 BATTERY CAPACITIES OF POPULAR ELECTRIC BUSES 76
FIGURE 33 TIME REQUIRED FOR DIFFERENT CHARGING TYPES 76
5.2.4.2 Low availability of lithium for EV batteries 77
FIGURE 34 GROWING DEMAND FOR LITHIUM-ION BATTERIES, 2010-2030 77
5.2.4.3 Insufficient grid infrastructure 77
FIGURE 35 GRID REQUIREMENT FOR ELECTRIC VEHICLES IN GERMANY 78
5.3 PRICING ANALYSIS 78
5.3.1 AVERAGE SELLING PRICE TREND, BY VEHICLE TYPE 78
TABLE 14 ELECTRIC VANS: AVERAGE PRICE (USD), 2023 78
TABLE 15 ELECTRIC PICKUP TRUCKS: AVERAGE PRICE (USD), 2023 79
TABLE 16 ELECTRIC TRUCKS: AVERAGE PRICE (USD), 2023 79
TABLE 17 ELECTRIC BUSES: AVERAGE PRICE (USD), 2023 80
5.3.2 PRICING ANALYSIS, BY REGION 80
FIGURE 36 PRICING ANALYSIS, BY REGION 80
TABLE 18 ELECTRIC TRUCKS: AVERAGE PRICE COMPARISON, BY CLASS 81
5.4 POTENTIAL ELECTRIC COMMERCIAL VEHICLE LAUNCHES BY OEMS 81
TABLE 19 UPCOMING ELECTRIC COMMERCIAL VEHICLES, 2024-2026 81
5.5 BILL OF MATERIALS 82
FIGURE 37 BILL OF MATERIALS: ELECTRIC LIGHT COMMERCIAL VEHICLES (USD) 82
FIGURE 38 BILL OF MATERIALS: BATTERY VS. NON-BATTERY COMPONENTS (USD) 83
FIGURE 39 BILL OF MATERIALS: ELECTRIC BUS MARKET (USD) 84
5.6 OEM SOURCING STRATEGIES 85
5.6.1 SOURCING STRATEGIES BY ELECTRIC COMMERCIAL VEHICLE OEMS 85
FIGURE 40 OEM SOURCING STRATEGIES 85
5.6.2 OEM MOTOR RATING ANALYSIS, BY RANGE 86
FIGURE 41 ELECTRIC COMMERCIAL VEHICLE MARKET, BY POWER RANGE (KW) 86
5.6.3 COMPETITIVE MARKET ASSESSMENT, BY PAYLOAD CAPACITY 87
FIGURE 42 MARKET COMPETITIVE ASSESSMENT, BY PAYLOAD CAPACITY 87
FIGURE 43 CARGO DELIVERY VS. PAYLOAD CAPACITY 87
5.7 SUPPLY CHAIN ANALYSIS 88
FIGURE 44 SUPPLY CHAIN ANALYSIS 88
5.8 ECOSYSTEM MAPPING 88
FIGURE 45 ELECTRIC COMMERCIAL VEHICLE MARKET ECOSYSTEM 89
FIGURE 46 ELECTRIC COMMERCIAL VEHICLE MARKET ECOSYSTEM MAP 89
5.8.1 EV CHARGING INFRASTRUCTURE PROVIDERS 90
5.8.2 COMPONENT MANUFACTURERS 90
5.8.3 TIER II SUPPLIERS 90
5.8.4 TIER I SUPPLIERS 90
5.8.5 RAW MATERIAL SUPPLIERS 90
5.8.6 OEMS 90
TABLE 20 ROLE OF COMPANIES IN ELECTRIC COMMERCIAL VEHICLE MARKET ECOSYSTEM 91
5.9 TOTAL COST OF OWNERSHIP 93
TABLE 21 TOTAL COST OF OWNERSHIP, VEHICLE TYPE 93
5.9.1 TOTAL COST OF OWNERSHIP: DIESEL VS. ELECTRIC BUSES 93
FIGURE 47 COMPARISON OF TOTAL COST OF OWNERSHIP: 12 M ELECTRIC BUSES VS. 12 M DIESEL BUSES 93
FIGURE 48 TOTAL COST OF OWNERSHIP: FORD ELECTRIC TRANSIT VS. ICE TRANSIT 3.5 TONS MODELS 94
5.10 INSIGHTS ON ELECTRIC COMMERCIAL VEHICLES 94
5.10.1 RANGE/BATTERY CAPACITY 94
TABLE 22 ELECTRIC COMMERCIAL VEHICLES: RANGE VS. BATTERY CAPACITY 94
5.10.2 RANGE/END USE 95
TABLE 23 ELECTRIC COMMERCIAL VEHICLES: RANGE VS. END USE 95
5.10.3 BATTERY CAPACITY/END USE 95
TABLE 24 ELECTRIC COMMERCIAL VEHICLES: BATTERY CAPACITY VS. END USE 95
5.10.4 POWER/CHARGING DURATION 96
TABLE 25 ELECTRIC COMMERCIAL VEHICLES: POWER VS. CHARGING DURATION 96
5.11 CASE STUDY ANALYSIS 97
5.11.1 ASSESSMENT OF INVESTMENT IN ELECTRIC BUSES 97
5.11.2 USER EXPERIENCE OF BATTERY-ELECTRIC TRUCKS IN NORWAY 97
5.11.3 ELECTRIC VEHICLE FLEETS FOR PUBLIC SECTOR IN VERMONT 98
5.12 INVESTMENT AND FUNDING SCENARIO 99
FIGURE 49 INVESTMENT AND FUNDING, 2021-2024 99
TABLE 26 LIST OF FUNDING, 2021-2023 99
5.13 PATENT ANALYSIS 100
5.13.1 INTRODUCTION 100
FIGURE 50 TRENDS OF PATENTS RECORDED, 2012-2023 100
5.13.2 LEGAL STATUS OF PATENTS, 2012-2023 101
FIGURE 51 LEGAL STATUS OF PATENTS, 2012-2023 101
5.13.3 TOP PATENT APPLICANTS, 2012-2023 101
FIGURE 52 TOP PATENT APPLICANTS, 2012-2023 101
TABLE 27 PATENT REGISTRATIONS RELATED TO ELECTRIC COMMERCIAL VEHICLE MARKET, 2021-2023 102
5.14 TECHNOLOGY ANALYSIS 104
5.14.1 FUTURE TECHNOLOGY OVERVIEW 105
FIGURE 53 ELECTRIC COMMERCIAL VEHICLE MARKET: FUTURE TECHNOLOGY OVERVIEW OF ELECTRICAL COMMERCIAL BUSES 105
5.14.2 OFFBOARD TOP-DOWN PANTOGRAPH CHARGING SYSTEMS 106
5.14.3 ONBOARD BOTTOM-UP PANTOGRAPH CHARGING SYSTEMS 106
5.14.4 GROUND-BASED STATIC/DYNAMIC WIRELESS CHARGING SYSTEMS 106
5.14.5 PACKAGED FUEL CELL SYSTEM MODULES 106
FIGURE 54 PACKAGED FUEL CELL SYSTEM MODULE OF TOYOTA 107
5.14.6 METHANE FUEL CELLS 107
5.14.7 SMART CHARGING SYSTEMS 107
FIGURE 55 SMART EV CHARGING SYSTEM 108
5.14.8 IOT IN ELECTRIC VEHICLES 108
5.14.9 SOLID-STATE BATTERIES 108
5.15 TRADE ANALYSIS 109
TABLE 28 IMPORT DATA FOR PRODUCTS UNDER HS CODE 8702, BY KEY COUNTRY, 2022 (USD MILLION) 109
TABLE 29 EXPORT DATA FOR PRODUCTS UNDER HS CODE 8702, BY KEY COUNTRY, 2022 (USD MILLION) 110
5.16 REGULATORY LANDSCAPE 110
5.16.1 COUNTRY-WISE REGULATIONS 110
5.16.1.1 Netherlands 110
TABLE 30 NETHERLANDS: ELECTRIC VEHICLE INCENTIVES 111
TABLE 31 NETHERLANDS: EV CHARGING STATION INCENTIVES 111
5.16.1.2 Germany 111
TABLE 32 GERMANY: ELECTRIC VEHICLE INCENTIVES 112
TABLE 33 GERMANY: EV CHARGING STATION INCENTIVES 112
5.16.1.3 France 112
TABLE 34 FRANCE: ELECTRIC VEHICLE INCENTIVES 112
TABLE 35 FRANCE: EV CHARGING STATION INCENTIVES 113
5.16.1.4 UK 113
TABLE 36 UK: ELECTRIC VEHICLE INCENTIVES 113
TABLE 37 UK: EV CHARGING STATION INCENTIVES 114
5.16.1.5 China 114
TABLE 38 CHINA: ELECTRIC VEHICLE INCENTIVES 114
TABLE 39 CHINA: EV CHARGING STATION INCENTIVES 114
5.16.1.6 US 114
TABLE 40 US: ELECTRIC VEHICLE INCENTIVES 115
TABLE 41 US: EV CHARGING STATION INCENTIVES 115
5.16.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 115
TABLE 42 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 115
TABLE 43 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 116
TABLE 44 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 118
TABLE 45 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 119
5.17 KEY CONFERENCES AND EVENTS 119
TABLE 46 LIST OF KEY CONFERENCES AND EVENTS IN 2024 119
5.18 KEY STAKEHOLDERS AND BUYING CRITERIA 120
5.18.1 KEY STAKEHOLDERS IN BUYING PROCESS 120
TABLE 47 INFLUENCE OF INSTITUTIONAL BUYERS ON BUYING PROCESS FOR ELECTRIC COMMERCIAL VEHICLES 120
5.18.2 BUYING CRITERIA 120
FIGURE 56 KEY BUYING CRITERIA BY VEHICLE TYPES 121
5.19 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 121
FIGURE 57 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN ELECTRIC COMMERCIAL VEHICLE MARKET 121
6 ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE 123
6.1 INTRODUCTION 124
FIGURE 58 ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024 VS. 2030 (USD MILLION) 124
TABLE 48 ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (UNITS) 124
TABLE 49 ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (UNITS) 125
TABLE 50 ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 125
TABLE 51 ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 125
6.1.1 OPERATIONAL DATA 126
TABLE 52 ELECTRIC COMMERCIAL VEHICLE, BY VEHICLE TYPE 126
6.2 PICKUP TRUCKS 127
6.2.1 INCREASED OFFERINGS FROM OEMS TO DRIVE MARKET 127
TABLE 53 PICKUP TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (UNITS) 127
TABLE 54 PICKUP TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (UNITS) 127
TABLE 55 PICKUP TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (USD MILLION) 128
TABLE 56 PICKUP TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (USD MILLION) 128
6.3 TRUCKS 128
6.3.1 DEVELOPMENT OF ELECTRIC TRUCKS BY AUTOMOTIVE OEMS TO DRIVE MARKET 128
TABLE 57 TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (UNITS) 129
TABLE 58 TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (UNITS) 129
TABLE 59 TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (USD MILLION) 129
TABLE 60 TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (USD MILLION) 129
6.3.1.1 Medium-duty trucks 130
TABLE 61 MEDIUM-DUTY TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (UNITS) 130
TABLE 62 MEDIUM-DUTY TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (UNITS) 130
TABLE 63 MEDIUM-DUTY TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (USD MILLION) 131
TABLE 64 MEDIUM-DUTY TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (USD MILLION) 131
6.3.1.2 Heavy-duty trucks 131
TABLE 65 HEAVY-DUTY TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (UNITS) 132
TABLE 66 HEAVY-DUTY TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (UNITS) 132
TABLE 67 HEAVY-DUTY TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (USD MILLION) 132
TABLE 68 HEAVY-DUTY TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (USD MILLION) 132
6.4 VANS 133
6.4.1 BOOMING LOGISTICS INDUSTRY TO DRIVE MARKET 133
TABLE 69 VANS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (UNITS) 133
TABLE 70 VANS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (UNITS) 133
TABLE 71 VANS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (USD MILLION) 134
TABLE 72 VANS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (USD MILLION) 134
6.4.1.1 Light vans 134
TABLE 73 LIGHT VANS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (UNITS) 134
TABLE 74 LIGHT VANS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (UNITS) 135
TABLE 75 LIGHT VANS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (USD MILLION) 135
TABLE 76 LIGHT VANS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (USD MILLION) 135
6.4.1.2 Full-size vans 135
TABLE 77 FULL-SIZE VANS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (UNITS) 136
TABLE 78 FULL-SIZE VANS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (UNITS) 136
TABLE 79 FULL-SIZE VANS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (USD MILLION) 136
TABLE 80 FULL-SIZE VANS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (USD MILLION) 136
6.5 BUSES & COACHES 137
6.5.1 GROWING DEMAND FOR EMISSION-FREE PUBLIC TRANSPORT TO DRIVE MARKET 137
TABLE 81 BUSES & COACHES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (UNITS) 137
TABLE 82 BUSES & COACHES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (UNITS) 138
TABLE 83 BUSES & COACHES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (USD MILLION) 138
TABLE 84 BUSES & COACHES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (USD MILLION) 138
6.6 KEY INDUSTRY INSIGHTS 139
?
7 ELECTRIC COMMERCIAL VEHICLE MARKET, BY PROPULSION 140
7.1 INTRODUCTION 141
FIGURE 59 ELECTRIC COMMERCIAL VEHICLE MARKET, BY PROPULSION, 2024 VS. 2030 (THOUSAND UNITS) 141
TABLE 85 ELECTRIC COMMERCIAL VEHICLE MARKET, BY PROPULSION, 2019-2023 (UNITS) 141
TABLE 86 ELECTRIC COMMERCIAL VEHICLE MARKET, BY PROPULSION, 2024-2030 (UNITS) 142
7.1.1 OPERATIONAL DATA 142
TABLE 87 ELECTRIC COMMERCIAL VEHICLE MODELS, BY PROPULSION TYPE 142
7.2 BEVS 143
7.2.1 ADVANCEMENTS IN BATTERY TECHNOLOGY TO DRIVE MARKET 143
TABLE 88 BEVS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (UNITS) 144
TABLE 89 BEVS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (UNITS) 144
7.3 FCEVS 144
7.3.1 ONGOING DEVELOPMENTS BY OEMS TO DRIVE MARKET 144
TABLE 90 FCEVS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (UNITS) 145
TABLE 91 FCEVS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (UNITS) 145
7.4 KEY INDUSTRY INSIGHTS 145
8 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY TYPE 146
8.1 INTRODUCTION 147
FIGURE 60 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY TYPE, 2024-2030 (THOUSAND UNITS) 147
TABLE 92 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY TYPE, 2019-2023 (UNITS) 147
TABLE 93 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY TYPE, 2024-2030 (UNITS) 148
8.2 NMC BATTERIES 148
8.2.1 HIGH DENSITY AND COMPACT SIZE TO DRIVE MARKET 148
TABLE 94 NMC BATTERIES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (UNITS) 148
TABLE 95 NMC BATTERIES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (UNITS) 149
8.3 LFP BATTERIES 149
8.3.1 AFFORDABILITY AND SUPERIOR SAFETY TO DRIVE MARKET 149
TABLE 96 ELECTRIC COMMERCIAL VEHICLE MODELS WITH LITHIUM-ION BATTERIES 150
TABLE 97 LFP BATTERIES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (UNITS) 150
TABLE 98 LFP BATTERIES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (UNITS) 150
?
8.4 SOLID-STATE BATTERIES 151
8.4.1 FAST RECHARGING CAPABILITIES TO DRIVE MARKET 151
TABLE 99 SOLID-STATE BATTERIES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (UNITS) 151
TABLE 100 SOLID-STATE BATTERIES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (UNITS) 151
8.5 OTHERS 152
TABLE 101 OTHERS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (UNITS) 152
TABLE 102 OTHERS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (UNITS) 152
8.6 KEY INDUSTRY INSIGHTS 152
9 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY CAPACITY 153
9.1 INTRODUCTION 154
FIGURE 61 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY CAPACITY, 2024 VS. 2030 (THOUSAND UNITS) 154
TABLE 103 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY CAPACITY, 2019-2023 (UNITS) 155
TABLE 104 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY CAPACITY, 2024-2030 (UNITS) 155
9.2 LESS THAN 60 KWH 156
9.2.1 INCREASING ADOPTION OF COMPACT ELECTRIC VANS FOR LOCAL TRANSPORTATION TO DRIVE MARKET 156
TABLE 105 LESS THAN 60 KWH: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (UNITS) 156
TABLE 106 LESS THAN 60 KWH: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (UNITS) 156
9.3 60-120 KWH 157
9.3.1 NORTH AMERICAN GOVERNMENT POLICIES FOR ELECTRIFICATION OF TRANSPORTATION TO DRIVE MARKET 157
TABLE 107 60-120 KWH: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (UNITS) 157
TABLE 108 60-120 KWH: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (UNITS) 157
9.4 121-200 KWH 158
9.4.1 RISING ADOPTION OF ELECTRIFICATION IN TRANSPORT SECTOR TO DRIVE MARKET 158
TABLE 109 121-200 KWH: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (UNITS) 158
TABLE 110 121-200 KWH: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (UNITS) 158
9.5 201-300 KWH 159
9.5.1 IMPROVED DRIVING RANGE TO FUEL MARKET GROWTH 159
TABLE 111 201-300 KWH ELECTRIC COMMERCIAL VEHICLE MODELS, BY OEMS 159
TABLE 112 201-300 KWH: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (UNITS) 159
TABLE 113 201-300 KWH: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (UNITS) 159
9.6 301-500 KWH 160
9.6.1 INCREASING PREFERENCE FOR LONG-HAUL ELECTRIC COMMERCIAL VEHICLES TO DRIVE MARKET 160
TABLE 114 301-500 KWH: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (UNITS) 160
TABLE 115 301-500 KWH: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (UNITS) 160
9.7 501-1,000 KWH 161
9.7.1 RISING E-COMMERCE AND RETAIL SECTORS TO DRIVE MARKET 161
TABLE 116 501-1,000 KWH: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (UNITS) 161
TABLE 117 501-1,000 KWH: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (UNITS) 161
9.8 KEY INDUSTRY INSIGHTS 162
10 ELECTRIC COMMERCIAL VEHICLE MARKET, BY POWER OUTPUT 163
10.1 INTRODUCTION 164
FIGURE 62 ELECTRIC COMMERCIAL VEHICLE MARKET, BY POWER OUTPUT, 2024 VS. 2030 (THOUSAND UNITS) 164
TABLE 118 ELECTRIC COMMERCIAL VEHICLE MARKET, BY POWER OUTPUT, 2019-2023 (UNITS) 164
TABLE 119 ELECTRIC COMMERCIAL VEHICLE MARKET, BY POWER OUTPUT, 2024-2030 (UNITS) 165
10.2 LESS THAN 100 KW 165
10.2.1 GROWING ADOPTION OF ELECTRIC VANS FOR DELIVERIES BY LOGISTICS INDUSTRY TO DRIVE MARKET 165
TABLE 120 LESS THAN 100 KW: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION 2019-2023 (UNITS) 165
TABLE 121 LESS THAN 100 KW: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION 2024-2030 (UNITS) 166
10.3 100-250 KW 166
10.3.1 INCREASING DEMAND FOR ELECTRIC TRUCKS AND BUSES TO DRIVE MARKET 166
TABLE 122 100-250 KW: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (UNITS) 166
TABLE 123 100-250 KW: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (UNITS) 167
10.4 ABOVE 250 KW 167
10.4.1 INCREASING DEMAND FOR HIGH-POWERED ELECTRIC TRUCKS AND PICKUP TRUCKS TO DRIVE MARKET 167
TABLE 124 ABOVE 250 KW: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (UNITS) 168
TABLE 125 ABOVE 250 KW: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (UNITS) 168
10.5 KEY INDUSTRY INSIGHTS 168
11 ELECTRIC COMMERCIAL VEHICLE MARKET, BY RANGE 169
11.1 INTRODUCTION 170
FIGURE 63 ELECTRIC COMMERCIAL VEHICLE MARKET, BY RANGE, 2024 VS. 2030 (THOUSAND UNITS) 170
TABLE 126 ELECTRIC COMMERCIAL VEHICLE MARKET, BY RANGE, 2019-2023 (UNITS) 170
TABLE 127 ELECTRIC COMMERCIAL VEHICLE MARKET, BY RANGE, 2024-2030 (UNITS) 170
11.2 LESS THAN 150 MILES 171
11.2.1 E-COMMERCE BOOM AND DELIVERY DEMANDS TO DRIVE MARKET 171
TABLE 128 LESS THAN 150 MILES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (UNITS) 171
TABLE 129 LESS THAN 150 MILES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (UNITS) 171
11.3 151-300 MILES 172
11.3.1 RISING DEMAND FOR ELECTRIC TRUCKS FROM TRANSPORTATION INDUSTRY TO DRIVE MARKET 172
TABLE 130 151-300 MILES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (UNITS) 172
TABLE 131 151-300 MILES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (UNITS) 172
11.4 ABOVE 300 MILES 173
11.4.1 RISING ADOPTION OF ELECTRIC PICKUP TRUCKS TO DRIVE MARKET 173
TABLE 132 ABOVE 300 MILES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (UNITS) 173
TABLE 133 ABOVE 300 MILES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (UNITS) 173
11.5 KEY INDUSTRY INSIGHTS 174
12 ELECTRIC COMMERCIAL VEHICLE MARKET, BY END USE 175
12.1 INTRODUCTION 176
FIGURE 64 ELECTRIC COMMERCIAL VEHICLE MARKET, BY END USE, 2024 VS. 2030 (THOUSAND UNITS) 176
TABLE 134 ELECTRIC COMMERCIAL VEHICLE MARKET, BY END USE, 2019-2023 (UNITS) 176
TABLE 135 ELECTRIC COMMERCIAL VEHICLE MARKET, BY END USE, 2024-2030 (UNITS) 177
12.2 LAST-MILE DELIVERY 177
12.2.1 RISING DEMAND FOR VEHICLE ELECTRIFICATION IN E-COMMERCE SECTOR TO DRIVE MARKET 177
12.3 FIELD SERVICES 177
12.3.1 RISING DEMAND FOR GREEN MOBILITY IN FIELD SERVICES SECTOR TO DRIVE MARKET 177
12.4 DISTRIBUTION SERVICES 178
12.4.1 INCREASING RELIANCE ON DELIVERY SERVICES TO FUEL MARKET EXPANSION 178
12.5 LONG-HAUL TRANSPORTATION 178
12.5.1 PUSH FOR SUSTAINABLE TRANSPORTATION TO DRIVE MARKET 178
12.6 REFUSE TRUCKS 179
12.6.1 GROWING PUBLIC AWARENESS ABOUT RESPONSIBLE WASTE COLLECTION TO DRIVE MARKET 179
12.7 KEY INDUSTRY INSIGHTS 179
13 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BODY CONSTRUCTION 180
13.1 INTRODUCTION 181
FIGURE 65 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BODY CONSTRUCTION, 2024 VS. 2030 (THOUSAND UNITS) 181
TABLE 136 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BODY CONSTRUCTION, 2019-2023 (UNITS) 181
TABLE 137 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BODY CONSTRUCTION, 2024-2030 (UNITS) 182
13.2 INTEGRATED 182
13.2.1 REDUCED PRODUCTION COSTS TO DRIVE MARKET 182
13.3 SEMI-INTEGRATED 182
13.3.1 IMPROVED STRUCTURAL STRENGTH TO DRIVE MARKET 182
13.4 FULL-SIZED 183
13.4.1 SPACIOUS CARGO CAPACITY TO DRIVE MARKET 183
13.5 KEY INDUSTRY INSIGHTS 183
14 ELECTRIC COMMERCIAL VEHICLE MARKET, BY COMPONENT 184
14.1 INTRODUCTION 184
14.2 BATTERY PACKS 184
TABLE 138 PRODUCTS OFFERED BY BATTERY MANUFACTURERS 185
14.3 ONBOARD CHARGERS 185
TABLE 139 ONBOARD CHARGER MANUFACTURERS FOR ELECTRIC COMMERCIAL VEHICLES 186
FIGURE 66 CONSTITUENTS OF ELECTRIC VEHICLE CHARGING SYSTEM 186
14.4 ELECTRIC MOTORS 186
TABLE 140 ELECTRIC TRUCK MODELS, BY ELECTRIC MOTOR TYPE 187
14.5 INVERTERS 187
TABLE 141 INVERTER MANUFACTURERS FOR ELECTRIC COMMERCIAL VEHICLES 187
14.6 DC-DC CONVERTERS 188
FIGURE 67 DC-DC CONVERTER 188
14.7 FUEL-CELL STACKS 189
FIGURE 68 HYDROGEN FUEL CELL VEHICLE COMPONENTS 189
15 ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION 190
15.1 INTRODUCTION 191
FIGURE 69 GLOBAL LIGHT ELECTRIC COMMERCIAL VEHICLE TARGETS 192
FIGURE 70 ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024 VS. 2030 (USD MILLION) 192
FIGURE 71 TIMELINE OF ALL EXISTING AND UPCOMING REGULATIONS IN EUROPE, US, AND CHINA 193
TABLE 142 ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (UNITS) 193
TABLE 143 ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (UNITS) 193
TABLE 144 ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019-2023 (USD MILLION) 193
TABLE 145 ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024-2030 (USD MILLION) 194
15.2 ASIA PACIFIC 195
15.2.1 RECESSION IMPACT ANALYSIS 195
FIGURE 72 ASIA PACIFIC: ELECTRIC COMMERCIAL VEHICLE MARKET SNAPSHOT 196
TABLE 146 ASIA PACIFIC: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2019-2023 (UNITS) 196
TABLE 147 ASIA PACIFIC: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2024-2030 (UNITS) 197
TABLE 148 ASIA PACIFIC: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2019-2023 (USD MILLION) 197
TABLE 149 ASIA PACIFIC: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2024-2030 (USD MILLION) 197
15.2.2 CHINA 198
15.2.2.1 Predominance of leading players to drive market 198
TABLE 150 CHINA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (UNITS) 198
TABLE 151 CHINA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (UNITS) 198
TABLE 152 CHINA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 199
TABLE 153 CHINA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 199
15.2.3 JAPAN 200
15.2.3.1 Increased investments in automotive R&D to drive market 200
TABLE 154 JAPAN: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (UNITS) 200
TABLE 155 JAPAN ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (UNITS) 200
TABLE 156 JAPAN: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 201
TABLE 157 JAPAN ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 201
15.2.4 INDIA 202
15.2.4.1 Expansion of major OEMs to support market growth 202
TABLE 158 INDIA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (UNITS) 202
TABLE 159 INDIA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (UNITS) 202
TABLE 160 INDIA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 203
TABLE 161 INDIA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 203
15.2.5 SOUTH KOREA 203
15.2.5.1 Rising demand for electric pickup trucks to drive market 203
TABLE 162 SOUTH KOREA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (UNITS) 204
TABLE 163 SOUTH KOREA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (UNITS) 204
TABLE 164 SOUTH KOREA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 204
TABLE 165 SOUTH KOREA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 205
15.3 EUROPE 205
15.3.1 RECESSION IMPACT ANALYSIS 206
FIGURE 73 EUROPE: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2024 VS. 2030 (USD MILLION) 206
TABLE 166 EUROPE: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2019-2023 (UNITS) 207
TABLE 167 EUROPE: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2024-2030 (UNITS) 207
TABLE 168 EUROPE: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2019-2023 (USD MILLION) 208
TABLE 169 EUROPE: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2024-2030 (USD MILLION) 208
15.3.2 FRANCE 209
15.3.2.1 Increased adoption of electric vans for delivery purposes to drive market 209
TABLE 170 FRANCE: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (UNITS) 209
TABLE 171 FRANCE: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (UNITS) 210
TABLE 172 FRANCE: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 210
TABLE 173 FRANCE: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 210
15.3.3 GERMANY 211
15.3.3.1 Setting up of charging corridors to drive market 211
TABLE 174 GERMANY: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (UNITS) 211
TABLE 175 GERMANY: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (UNITS) 212
TABLE 176 GERMANY: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 212
TABLE 177 GERMANY: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 212
15.3.4 SPAIN 213
15.3.4.1 Government focus on replacing existing bus and van fleets to drive market 213
TABLE 178 SPAIN: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (UNITS) 213
TABLE 179 SPAIN: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (UNITS) 214
TABLE 180 SPAIN: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 214
TABLE 181 SPAIN: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 214
15.3.5 AUSTRIA 215
15.3.5.1 Government incentives to drive market 215
TABLE 182 AUSTRIA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (UNITS) 215
TABLE 183 AUSTRIA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (UNITS) 215
TABLE 184 AUSTRIA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 216
TABLE 185 AUSTRIA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 216
15.3.6 NORWAY 217
15.3.6.1 Development of charging infrastructure to drive market 217
TABLE 186 NORWAY: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (UNITS) 217
TABLE 187 NORWAY: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (UNITS) 217
TABLE 188 NORWAY: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 218
TABLE 189 NORWAY: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 218
15.3.7 SWEDEN 219
15.3.7.1 Presence of market-leading OEMs and startups to drive market 219
TABLE 190 SWEDEN: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (UNITS) 219
TABLE 191 SWEDEN: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (UNITS) 219
TABLE 192 SWEDEN: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 220
TABLE 193 SWEDEN: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 220
15.3.8 NETHERLANDS 220
15.3.8.1 Advancement in EV charging infrastructure to drive market 220
TABLE 194 NETHERLANDS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (UNITS) 221
TABLE 195 NETHERLANDS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (UNITS) 221
TABLE 196 NETHERLANDS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 221
TABLE 197 NETHERLANDS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 222
15.3.9 UK 222
15.3.9.1 Government electrification roadmap to drive market 222
FIGURE 74 UK EV ROADMAP 223
TABLE 198 UK: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (UNITS) 223
TABLE 199 UK: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (UNITS) 224
TABLE 200 UK: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 224
TABLE 201 UK: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 224
15.3.10 ITALY 225
15.3.10.1 Advancements in electric commercial vehicles to drive market 225
TABLE 202 ITALY: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (UNITS) 225
TABLE 203 ITALY: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (UNITS) 225
TABLE 204 ITALY: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 226
TABLE 205 ITALY: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 226
15.3.11 OTHERS 227
TABLE 206 OTHERS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (UNITS) 227
TABLE 207 OTHERS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (UNITS) 227
TABLE 208 OTHERS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 228
TABLE 209 OTHERS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 228
15.4 NORTH AMERICA 229
15.4.1 RECESSION IMPACT ANALYSIS 229
FIGURE 75 NORTH AMERICAN EV BATTERY INITIATIVES 230
FIGURE 76 NORTH AMERICA: ELECTRIC COMMERCIAL VEHICLE MARKET SNAPSHOT 231
TABLE 210 NORTH AMERICA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2019-2023 (UNITS) 231
TABLE 211 NORTH AMERICA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2024-2030 (UNITS) 232
TABLE 212 NORTH AMERICA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2019-2023 (USD MILLION) 232
TABLE 213 NORTH AMERICA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2024-2030 (USD MILLION) 232
15.4.2 US 233
15.4.2.1 Rising adoption of electric vans to drive market 233
FIGURE 77 ELECTRIC COMMERCIAL VEHICLE DEMAND, BY END USER 233
TABLE 214 US: ELECTRIC VEHICLE INCENTIVES 234
TABLE 215 US: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (UNITS) 234
TABLE 216 US: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (UNITS) 235
TABLE 217 US: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 235
TABLE 218 US: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 235
15.4.3 CANADA 236
15.4.3.1 Government plans to electrify transit to drive market 236
TABLE 219 CANADA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (UNITS) 236
TABLE 220 CANADA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (UNITS) 237
TABLE 221 CANADA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019-2023 (USD MILLION) 237
TABLE 222 CANADA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 237
16 COMPETITIVE LANDSCAPE 239
16.1 OVERVIEW 239
16.2 MARKET SHARE ANALYSIS 239
TABLE 223 MARKET SHARE FOR TOP FIVE PLAYERS 239
FIGURE 78 MARKET SHARE ANALYSIS, 2023 240
16.3 REVENUE ANALYSIS 241
FIGURE 79 REVENUE ANALYSIS OF KEY PLAYERS, 2018-2022 241
16.4 COMPANY VALUATION AND FINANCIAL METRICS 242
16.4.1 COMPANY VALUATION 242
FIGURE 80 COMPANY VALUATION OF KEY PLAYERS, 2022 (USD BILLION) 242
16.4.2 FINANCIAL METRICS 242
FIGURE 81 FINANCIAL METRICS OF KEY PLAYERS (EV/EBITDA) 242
16.5 PRODUCT COMPARISON 243
TABLE 224 ELECTRIC COMMERCIAL VEHICLE MARKET: ELECTRIC BUSES COMPARISON 243
TABLE 225 ELECTRIC COMMERCIAL VEHICLE MARKET: ELECTRIC VANS COMPARISON 243
16.6 COMPANY EVALUATION MATRIX 243
16.6.1 STARS 244
16.6.2 EMERGING LEADERS 244
16.6.3 PERVASIVE PLAYERS 244
16.6.4 PARTICIPANTS 244
FIGURE 82 ELECTRIC COMMERCIAL VEHICLE MARKET: COMPANY EVALUATION MATRIX, 2030 245
16.6.5 COMPANY FOOTPRINT 246
TABLE 226 ELECTRIC COMMERCIAL VEHICLE MARKET: COMPANY FOOTPRINT 246
TABLE 227 ELECTRIC COMMERCIAL VEHICLE MARKET: REGION FOOTPRINT 246
TABLE 228 ELECTRIC COMMERCIAL VEHICLE MARKET: VEHICLE TYPE FOOTPRINT 247
16.7 STARTUP/SME EVALUATION MATRIX 247
16.7.1 PROGRESSIVE COMPANIES 247
16.7.2 RESPONSIVE COMPANIES 248
16.7.3 DYNAMIC COMPANIES 248
16.7.4 STARTING BLOCKS 248
FIGURE 83 ELECTRIC COMMERCIAL VEHICLE MARKET: STARTUP/SME EVALUATION MATRIX, 2030 248
16.7.5 COMPETITIVE BENCHMARKING 249
TABLE 229 KEY STARTUPS/SMES 249
TABLE 230 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 250
16.8 COMPETITIVE SCENARIO 251
16.8.1 PRODUCT LAUNCHES 251
TABLE 231 ELECTRIC COMMERCIAL VEHICLE MARKET: PRODUCT LAUNCHES, SEPTEMBER 2021-MAY 2023 251
16.8.2 DEALS 252
TABLE 232 ELECTRIC COMMERCIAL VEHICLE MARKET: DEALS, APRIL 2021-JANUARY 2024 252
16.8.3 EXPANSIONS 254
TABLE 233 ELECTRIC COMMERCIAL VEHICLE MARKET: EXPANSIONS, DECEMBER 2021-JANUARY 2024 254
16.9 RIGHT TO WIN, 2024 256
TABLE 234 RIGHT TO WIN, 2024 256
17 COMPANY PROFILES 257
(Business overview, Products offered, Recent developments & MnM View)*
17.1 KEY PLAYERS 257
17.1.1 BYD 257
TABLE 235 BYD: COMPANY OVERVIEW 257
FIGURE 84 BYD: COMPANY SNAPSHOT 258
TABLE 236 BYD: PRODUCTS OFFERED 258
TABLE 237 BYD: PRODUCT LAUNCHES/DEVELOPMENTS 260
TABLE 238 BYD: DEALS 260
TABLE 239 BYD: EXPANSIONS 262
17.1.2 MERCEDES-BENZ GROUP AG 264
TABLE 240 MERCEDES-BENZ GROUP AG: COMPANY OVERVIEW 264
FIGURE 85 MERCEDES-BENZ GROUP AG: COMPANY SNAPSHOT 265
FIGURE 86 NEW MERCEDES-BENZ GROUP AG 265
TABLE 241 MERCEDES-BENZ GROUP AG: PRODUCTS OFFERED 266
TABLE 242 MERCEDES-BENZ GROUP AG: PRODUCT LAUNCHES/DEVELOPMENTS 267
TABLE 243 MERCEDES-BENZ GROUP AG: DEALS 268
TABLE 244 MERCEDES-BENZ GROUP AG: EXPANSIONS 269
17.1.3 YUTONG 270
TABLE 245 YUTONG: COMPANY OVERVIEW 270
TABLE 246 YUTONG: PRODUCTS OFFERED 270
TABLE 247 YUTONG: PRODUCT LAUNCHES/DEVELOPMENTS 272
TABLE 248 YUTONG: DEALS 272
TABLE 249 YUTONG: EXPANSIONS 273
17.1.4 AB VOLVO 275
TABLE 250 AB VOLVO: COMPANY OVERVIEW 275
FIGURE 87 AB VOLVO: COMPANY SNAPSHOT 276
FIGURE 88 AB VOLVO: HEAVY-DUTY TRUCKS MARKET SHARE (2022) 276
TABLE 251 AB VOLVO: PRODUCTS OFFERED 277
TABLE 252 AB VOLVO: PRODUCT LAUNCHES/DEVELOPMENTS 278
TABLE 253 AB VOLVO: DEALS 279
TABLE 254 AB VOLVO: EXPANSIONS 280
17.1.5 FORD MOTOR COMPANY 282
TABLE 255 FORD MOTOR COMPANY: COMPANY OVERVIEW 282
FIGURE 89 FORD MOTOR COMPANY: COMPANY SNAPSHOT 282
FIGURE 90 FORD MOTOR COMPANY: ROAD TO CARBON NEUTRALITY 283
TABLE 256 FORD MOTOR COMPANY: PRODUCTS OFFERED 283
TABLE 257 FORD MOTOR COMPANY: PRODUCT LAUNCHES/DEVELOPMENTS 284
TABLE 258 FORD MOTOR COMPANY: DEALS 284
TABLE 259 FORD MOTOR COMPANY: EXPANSIONS 285
17.1.6 TESLA, INC. 287
TABLE 260 TESLA, INC.: COMPANY OVERVIEW 287
FIGURE 91 TESLA, INC.: COMPANY SNAPSHOT 288
FIGURE 92 TESLA, INC.: ROADMAP 289
TABLE 261 TESLA, INC.: PRODUCTS OFFERED 289
TABLE 262 TESLA, INC.: PRODUCT LAUNCHES/DEVELOPMENTS 290
TABLE 263 TESLA, INC.: DEALS 290
TABLE 264 TESLA, INC.: EXPANSIONS 290
17.1.7 RENAULT 291
TABLE 265 RENAULT: COMPANY OVERVIEW 291
FIGURE 93 RENAULT: COMPANY SNAPSHOT 291
TABLE 266 RENAULT: PRODUCTS OFFERED 292
TABLE 267 RENAULT: PRODUCT LAUNCHES/DEVELOPMENTS 292
TABLE 268 RENAULT: DEALS 293
TABLE 269 RENAULT: EXPANSIONS 294
17.1.8 PACCAR INC. 295
TABLE 270 PACCAR INC.: COMPANY OVERVIEW 295
FIGURE 94 PACCAR INC.: COMPANY SNAPSHOT 295
TABLE 271 PACCAR INC.: PRODUCTS OFFERED 296
TABLE 272 PACCAR INC.: PRODUCT LAUNCHES/DEVELOPMENTS 297
TABLE 273 PACCAR INC.: DEALS 298
TABLE 274 PACCAR INC.: EXPANSIONS 299
17.1.9 SCANIA AB 300
TABLE 275 SCANIA AB: COMPANY OVERVIEW 300
FIGURE 95 SCANIA AB: COMPANY SNAPSHOT 301
TABLE 276 SCANIA AB: PRODUCTS OFFERED 301
TABLE 277 SCANIA AB: PRODUCT LAUNCHES/DEVELOPMENTS 302
TABLE 278 SCANIA AB: DEALS 302
TABLE 279 SCANIA AB: EXPANSIONS 303
17.1.10 DONGFENG MOTOR CORPORATION 304
TABLE 280 DONGFENG MOTOR CORPORATION: COMPANY OVERVIEW 304
FIGURE 96 DONGFENG MOTOR CORPORATION: COMPANY SNAPSHOT 304
TABLE 281 DONGFENG MOTOR CORPORATION: PRODUCTS OFFERED 305
TABLE 282 DONGFENG MOTOR CORPORATION: DEALS 305
TABLE 283 DONGFENG MOTOR CORPORATION: EXPANSIONS 306
17.1.11 PROTERRA 307
TABLE 284 PROTERRA: COMPANY OVERVIEW 307
FIGURE 97 PROTERRA: COMPANY SNAPSHOT 308
TABLE 285 PROTERRA: PRODUCTS OFFERED 308
TABLE 286 PROTERRA: PRODUCT LAUNCHES/ DEVELOPMENTS 309
TABLE 287 PROTERRA: DEALS 309
TABLE 288 PROTERRA: EXPANSIONS 310
17.1.12 VDL GROEP 311
TABLE 289 VDL GROEP: COMPANY OVERVIEW 311
FIGURE 98 VDL GROEP: COMPANY SNAPSHOT 311
TABLE 290 VDL GROEP: PRODUCTS OFFERED 312
TABLE 291 VDL GROEP: PRODUCT LAUNCHES/DEVELOPMENTS 313
TABLE 292 VDL GROEP: DEALS 313
17.1.13 RIVIAN 314
TABLE 293 RIVIAN: COMPANY OVERVIEW 314
TABLE 294 RIVIAN: PRODUCTS OFFERED 314
TABLE 295 RIVIAN: PRODUCT LAUNCHES/DEVELOPMENTS 315
TABLE 296 RIVIAN: DEALS 315
TABLE 297 RIVIAN: EXPANSIONS 316
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
17.2 OTHER PLAYERS 317
17.2.1 TATA MOTORS LIMITED 317
17.2.2 WORKHORSE GROUP 318
17.2.3 NIKOLA CORPORATION 318
17.2.4 ASHOK LEYLAND 319
17.2.5 ISUZU MOTORS LTD. 319
17.2.6 IRIZAR GROUP 320
17.2.7 IVECO 320
17.2.8 BOLLINGER MOTORS 321
17.2.9 XOS TRUCKS INC. 322
17.2.10 MAN SE 323
17.2.11 GOLDEN DRAGON 323
17.2.12 ZENITH MOTORS 324
17.2.13 ARRIVAL 324
17.2.14 LORDSTOWN MOTORS 325
18 RECOMMENDATIONS BY MARKETSANDMARKETS 326
18.1 ASIA PACIFIC TO BE SIGNIFICANT MARKET FOR ELECTRIC COMMERCIAL VEHICLES 326
18.2 LESS THAN 150 MILES TO EMERGE AS LARGEST MARKET SEGMENT 326
18.3 NMC BATTERIES TO BE PROMISING SEGMENT 327
18.4 CONCLUSION 327
19 APPENDIX 328
19.1 KEY INSIGHTS FROM INDUSTRY EXPERTS 328
19.2 DISCUSSION GUIDE 328
19.3 KNOWLEDGESTORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 331
19.4 CUSTOMIZATION OPTIONS 333
19.4.1 PROFILING OF ADDITIONAL MARKET PLAYERS (UP TO 5) 333
19.4.2 ELECTRIC COMMERCIAL VEHICLE MARKET, BY END USE, AT REGIONAL LEVEL 333
19.4.3 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BODY CONSTRUCTION AT REGIONAL LEVEL 333
19.5 RELATED REPORTS 333
19.6 AUTHOR DETAILS 334
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security