****** Electric Commercial Vehicles Market Report 2019-2025

According to a new market report published by BlueWeave Consulting The ****** Electric Commercial Vehicles Market is expected to reach a value of US$ 149,316 Mn by 2024, supported by government subsidies and tax rebates for commercial electrical vehicles. The market is projected to expand at a CAGR of 13.0% during the forecast period from 2018 to 2024 by value.

The market is expected to reach 1,440,820 units by end of 2024. The market is expected to expand at the CAGR of 10.4% by volume. Need for fuel-efficient and emission-free vehicles and the increasing demand for electric commercial vehicle such as electric truck in the logistics industry to minimize the additional liability of fuel expenses. Innovations in EV battery capacity, which will enable electric commercial vehicle to carry heavy loads over longer range, can create new revenue generation opportunities.

Electric Commercial Vehicles Market: Scope of the Report

The electric commercial vehicle market can be segmented on the basis propulsion type, vehicle type, component, and region. Based on propulsion type, the ****** electric commercial vehicle market is classified into battery electric vehicle (BEV), hybrid electric vehicle (HEV), Plug-in hybrid electric vehicles (PHEV) and fuel cell electric vehicle (FCEV). The battery electric vehicle segment dominates the market due to government initiatives to promote green transportation across the globe. Battery electric buses require less fuel and maintenance. Hybrid electric buses require conventional fuel along with electric prolusion system to operate. These hybrid vehicles require large batteries and motors to meet its power requirement, which makes hybrid commercial vehicles costlier. Based on electric vehicle type, the ****** electric commercial vehicle market can be fragmented into bus, truck, vans and others. On the basis of components, the electric commercial vehicle market can be segmented into motors, electric batteries, and others.

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The Asia Pacific is expected to lead the ****** electric commercial vehicle market during the forecast period

On the basis of region, the electric commercial vehicle market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific accounts for a major share of the ****** electric commercial vehicle market. China dominated the electric commercial vehicle market. China is electrifying their fleets as the country has the world’s worst pollution problem. Countries such as Japan and South Korea are investing in the development of electric vehicles and charging stations and creating awareness regarding the benefits related to electric commercial vehicles.

The Asia Pacific region is estimated to hold the largest volume share of ****** electric commercial vehicle market in year 2017. The segment is estimated to grow with a significant CAGR in the forecast period. The high adoption of electric buses to curb pollution and the subsequent increase in sales of electric commercial vehicles such as buses are expected to fuel electric commercial vehicle market in the Asia Pacific region.

****** Electric Commercial Vehicles Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the ****** electric commercial vehicles market. Some of the key players profiled in the report include Daimler (Germany), Tesla (US), BYD (China), NISSAN (Japan), Proterra (US), Toyota, BYD Company Limited, ZHONGTONGBUS Bus Holding Co., Ltd, ABB group etc.

****** Electric Commercial Vehicles Market, by Propulsion

  • BEV
  • HEV
  • PHEV
  • FCEV

****** Electric Commercial Vehicles Market, by Vehicle Type

  • Bus
  • Truck
  • Van
  • Others

****** Electric Commercial Vehicles Market, by Component

  • Motor
  • Battery
  • Others

****** Electric Commercial Vehicles Market, by Geography

North America

  • U.S.
  • Canada
  • Rest of North America


  • Germany
  • Italy
  • Finland
  • Denmark
  • Norway
  • France
  • U.K.
  • Rest Of Europe

Asia Pacific (APAC)

  • India
  • China
  • Japan
  • Rest of APAC

Middle East & Africa (MEA)

  • GCC
  • South Africa
  • North Africa
  • Rest Of Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America

Detailed Analysis of Table of Contents@ https://www.blueweaveconsulting.com/electric-commercial-vehicles-market/#1536301857979-e3fc3c18-41a6

About BlueWeave Consulting & Research Pvt Ltd. (BWC)

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