Tag Archives: Electric Commercial Vehicles Market Insights

****** 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.