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Electric Commercial Vehicle Market by Propulsion, Vehicle Type, Range, Battery Type, Length of Bus, Power Output, Battery Capacity, Component, Autonomous Vehicle, End User, Truck Payload Capacity and Region - Global Forecast 2030

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from $4,950 324 Pages MarketsandMarkets May, 2022 MKMK17188384
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Price from $4,950
Length 324 Pages
Publisher MarketsandMarkets
Published Date May, 2022
SKU MKMK17188384

Electric Commercial Vehicle Market by Propulsion, Vehicle Type, Range, Battery Type, Length of Bus, Power Output, Battery Capacity, Component, Autonomous Vehicle, End User, Truck Payload Capacity and Region - Global Forecast 2030

The global electric commercial vehicle market size is projected to grow from 353 thousand units in 2022 to 3,144 thousand units by 2030, at a CAGR of 31.4%. Governments are supporting EV’s through subsidies & tax rebates for using low emission vehicles and working in collaboration with top automobile manufacturers to speed up growth of their countries.

Increased demand for efficient and low emission vehicles along with government support amid the rising prices of petroleum will boost the electric commercial vehicle market. Consumers from developing countries are already feeling the heat of the increasing cost of petrol. Electric commercial vehicles have lower operating cost as compared to ICE commercial vehicles. To make the market grow, a continued support from the government will be needed along with the growing research of EV batteries, EV charging systems. Specalised charging deports and fleet stations will also need to be installed around the world for growing the demand for electric buses, vans, pickups and trucks.

“The Electric Van Segment is expected to be the largest market in the forecast period.”

Electric vans are enclosed wagons or motor truck vehicles that receive power from the power grid and are driven by an electric motor. they are expected to be the largest segment by vehicle type in the electric commercial vehicle market. Major players operating in the global electric van market include Renault (France), Daimler AG (Germany), Nissan Motor Corporation (Japan), PSA Group (France), Toyota Motor Corporation (Japan), IVECO S.p.A. (Italy), London Electric Vehicle Company (United Kingdom), General Motors (US), Ford Motor Company (US), AB Volvo (Sweden), Mahindra & Mahindra LTD. (India), BYD Company Limited (China), and Volkswagen AG (Germany). For instance, in January 2021, PEUGEOT (France) is expanding its electric van range with the new PEUGEOT e-Partner, the latest light commercial vehicle (LCV) in the brand’s lineup to be offered as a fully electric commercial vehicle. The growth of the logistics and e-commerce sectors is expected to drive the market for electric vans for various applications such as last-mile delivery and distribution services. Electric vans would witness an increasing demand due to lower operating costs, negligible harmful emissions, and various forms of government support.

“Last mile delivery will be the largest segment in the forecast period by End User”

The increasing use of electric commercial vehicles for last mile delivery of goods from warehouses to end users is expected to boost the electric commercial vehicle market in the near future. Companies are considering the addition of electric commercial vehicles, especially electric vans, and pickup trucks, to their fleets to reduce fuel expenses and mitigate emissions. In September 2019, Amazon announced plans to introduce 1,00,000 electric delivery vans by 2030 in partnership with Rivian. The company plans to roll out the first 10,000 e-vans globally by 2022 and aims to have 10,000 e-vans in India by 2025. In May 2022, Terrago (India) used a fleet of 65 Mahindra Treo Zor cargo vehicles for grocery delivery in major cities in India. Also, In January 2020, UPS ordered 10,000 electric vans from Arrival, a UK EV startup company, for delivery across the US, the UK, and Europe by 2024. The company will have the option to order an additional 10,000 EVs during the period. In August 2020, Flipkart (India) announced plans to convert its entire fleet to electric by 2030. Thus, the most common electric commercial vehicle used in the last mile delivery segment would be electric vans. With companies and governments across the globe encouraging the use of electric vehicles, the electric commercial vehicle industry is expected to grow exponentially in the next decade. Electric commercial vehicles have a major role in last mile delivery with lower emissions, cheaper running costs, and less ongoing maintenance.

“Less than 150 miles segment is expected to be largest in market in the forecast period.”

Less than 150 miles segment is expected to be the largest market in the forecast period. Low performance and affordable electric commercial vehicles usually have a range of less than 150 miles. Several OEMs offer electric buses and vans with low-cost batteries with a restricted range of 100-150 miles. OEMs have been providing buses and vans for this segment over the years. In January 2021, BYD launched the Type A school bus with a range of 140 miles in the US market. In June 2021, BYD announced the launch of Brazil’s first locally made pure electric bus in Campos. The model is 22-meter long, runs on lithium-iron-phosphate batteries, and has a 150 miles range on a single 3-hour charge. In November 2021, Anadolu Isuzu announced a collaboration with Proterra (US) to incorporate the battery technology into its new 12-meter and 18-meter zero-emission Citi VOLT electric bus models would have a driving range starting from 120 miles.

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: Tier I - 67%, Others - 9%, and OEMs - 24%

By Designation: C Level Executives - 33%, Managers - 52%, and Executives - 15%

By Region: North America - 22%, Europe - 42% and Asia Pacific - 36%

The electric commercial vehicle market is dominated by established players such as BYD (China), Yutong (China), AB Volvo (Sweden), VDL Groep (Netherland), and CAF (Spain). The market ranking has been derived by considering ECV sales and a certain percentage of segmental revenue for each of the companies mentioned above. These companies also offer extensive products and solutions for the automotive industry. These companies have strong distribution networks at the global level, and they invest heavily in R&D to develop new products.

Research Coverage:

Electric Commercial Vehicle Market by Propulsion (BEV, PHEV, FCEV), Vehicle Type (Bus, Pickup Truck, Truck, Van), Range, Battery Type, Length of Bus, Power Output, Battery Capacity, Component, Autonomous Vehicle, End User, Truck Payload Capacity and Region. It also covers the competitive landscape and company profiles of the major players in the electric commercial vehicle market ecosystem.

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.

Key Benefits of Buying the Report:

The report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall electric commercial vehicle market and its subsegments.

This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.

The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.


1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
Table 1 Electric Commercial Vehicle Market Definition, By Propulsion
Table 2 Electric Commercial Vehicle Market Definition, By Vehicle Type
Table 3 Electric Commercial Vehicle Market Definition, By End User
Table 4 Electric Commercial Vehicle Market Definition, By Component
Table 5 Electric Commercial Vehicle Market Definition, By Battery Type
Table 6 Electric Commercial Vehicle Market Definition, By Power Output
Table 7 Electric Commercial Vehicle Market Definition,
By Battery Capacity
Table 8 Electric Commercial Vehicle Market Definition,
By Autonomous Vehicle
Table 9 Electric Commercial Vehicle Market Definition, By Length Of Bus
Table 10 Electric Truck Market Definition, By Truck Payload Capacity
Table 11 Electric Commercial Vehicle Market Definition, Range
1.2.1 Inclusions & Exclusions
Table 12 Inclusions & Exclusions In The Electric Commercial
Vehicle Market
1.3 Market Scope
Figure 1 Markets Covered
1.3.1 Years Considered For Study
1.4 Currency & Pricing
Table 13 Currency Exchange Rates
1.5 Package Size
1.6 Stakeholders
1.7 Limitations
1.8 Summary Of Changes
2 Research Methodology
2.1 Research Data
Figure 2 Electric Commercial Vehicle Market: Research Design
Figure 3 Research Design Model
2.1.1 Secondary Data
2.1.1.1 Key Secondary Sources For Electric Commercial Vehicle Market
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews – Demand And Supply Sides
2.1.2.2 Key Industry Insights And Breakdown Of Primary Interviews
Figure 4 Key Industry Insights
Figure 5 Breakdown Of Primary Interviews
2.1.2.3 List Of Primary Participants
2.2 Market Size Estimation
Figure 6 Research Methodology: Hypothesis Building
2.2.1 Bottom-up Approach
Figure 7 Bottom-up Approach: Electric Commercial Vehicle Market
2.2.2 Top-down Approach
Figure 8 Top-down Approach: Electric Commercial Vehicle Market
Figure 9 Electric Commercial Vehicle Market: Market Estimation Notes
Figure 10 Electric Commercial Vehicle Market: Research Design & Methodology – Demand Side
2.3 Data Triangulation
Figure 11 Data Triangulation Methodology
2.4 Factor Analysis
Figure 12 Market Growth Projections From Demand-side Drivers
And Opportunities
2.4.1 Factor Analysis For Market Sizing: Demand And Supply-side
2.5 Research Assumptions
2.6 Research Limitations
3 Executive Summary
Figure 13 Electric Commercial Vehicle Market: Market Overview
Figure 14 Electric Commercial Vehicle Market, By Region,
2022–2030 (Thousand Units)
Figure 15 Bevs Expected To Hold Largest Market During Forecast Period (2022–2030)
4 Premium Insights
4.1 Attractive Opportunities In Electric Commercial Vehicle Market
Figure 16 Increasing Demand For Zero-emission Commuting To Drive Market
4.2 Electric Commercial Vehicle Market Growth Rate, By Region
Figure 17 Asia Pacific Projected To Be Largest Market During
Forecast Period
4.3 Electric Commercial Vehicle Market, By Battery Type
Figure 18 Lithium-iron-phosphate Segment To Grow At Faster Rate
(2022–2030)
4.4 Electric Commercial Vehicle Market, By Battery Capacity
Figure 19 Ecvs With Battery Capacity Of 50-250 Kwh To Dominate Market During Forecast Period (2022–2030)
4.5 Electric Bus Market, By Length Of Bus
Figure 20 9-14 Meters Buses To Occupy Larger Market Share During Forecast Period (2022–2030)
4.6 Electric Commercial Vehicle Market, By Propulsion
Figure 21 Fcevs Expected To Emerge Faster During Forecast Period
(2022–2030)
4.7 Electric Commercial Vehicle Market, By Power Output
Figure 22 Ecvs With Power Output Of 100-250 Kwh Demand Expected To Grow Higher During Forecast Period (2022–2030)
4.8 Electric Commercial Vehicle Market, By Range
Figure 23 Above 300 Miles Range Ecv Demand To Have Higher Demand During Forecast Period (2022–2030)
4.9 Electric Commercial Vehicle Market, By Vehicle Type
Figure 24 Pickup Trucks To Witness Rapid Growth During Forecast Period (2022–2030)
4.10 Electric Commercial Vehicle Market, By End User
Figure 25 Last Mile Delivery To Be Most Common Application Of Ecvs During Forecast Period (2022–2030)
4.11 Electric Truck Market, By Truck Payload Capacity
Figure 26 Ecvs With Truck Payloads Of Up To 10,000 Lbs Expected To Be Highest-selling Ecvs During Forecast Period (2022–2030)
5 Market Overview
5.1 Introduction
Figure 27 Role Of Startups In Ev Ecosystem
5.2 Market Dynamics
Figure 28 Electric Commercial Vehicle Market: Market Dynamics
5.2.1 Drivers
5.2.1.1 Reducing Prices Of Ev Batteries To Increase Demand For Ecvs
Figure 29 Ev Battery Pricing Analysis
5.2.1.2 Rising Prices Of Fossil Fuels To Raise Demand For Ecvs
Figure 30 Average Global Petrol Prices
Figure 31 Comparison Of Operating Cost Of Evs And Ice Vehicles
5.2.1.3 Increasing Demand For Emission-free Commercial Vehicles And Electric Vehicles In Logistics Industry To Drive Market Demand
Figure 32 Global Fuel Economy And Co2 Emission Data
Table 14 Potential Market For New Zero-emission Buses Per Year
Across Europe
5.2.1.4 Government Support For Electric Commercial Vehicles
Table 15 Government Programs For Promotion Of Electric Commercial Vehicle Sales
Figure 33 Electrification Targets By Countries
5.2.2 Restraints
5.2.2.1 High Development Costs To Delay Ecv Launches In Market
Figure 34 Average Cost Of Diesel Vs Electric Buses
5.2.2.2 Concerns Over Battery Safety To Restrain Market Development
Figure 35 Battery Safety Architecture
5.2.2.3 Insufficient Ev Charging Infrastructure To Slow Ecv Adoption
Figure 36 Country-wise Comparison Of Ev Charger Density, 2020
5.2.2.4 Lower Vehicle Range Hampers Use For Long-distance Logistics
5.2.3 Opportunities
5.2.3.1 New Revenue Pockets In North America And Northern Europe To Provide Market Growth Opportunities
5.2.3.2 Development Of Wireless Ev Charging Technology For On-the-go Charging To Fuel Market
Figure 37 Working Of Wireless Ev Charging
5.2.3.3 Use Of Evs For Fleets And Commercial Applications To Boost
Ecv Market
Table 16 Major Ev Fleet Targets
5.2.4 Challenges
5.2.4.1 Limited Battery Capacity To Challenge Market Growth
Table 17 Battery Capacities Of Popular Electric Buses
5.2.4.2 Lower Availability Of Lithium For Ev Batteries To Act As Hurdle For Manufacturers
Figure 38 Lithium-ion Demand And Supply
5.2.4.3 Insufficient Global Grid Infrastructure To Limit Adoption Of Electric Commercial Vehicles
Figure 39 Grid Requirement For Evs In Germany By 2030
Table 18 Electric Commercial Vehicle Market: Impact Of Market Dynamics
5.3 Porter’s Five Forces Model Analysis
Figure 40 Electric Commercial Vehicle Market: Porters 5 Forces Analysis
Table 19 Electric Commercial Vehicle Market: Impact Of
Porter’s Five Forces
5.3.1 Threat Of Substitutes
5.3.2 Threat Of New Entrants
5.3.3 Bargaining Power Of Buyers
5.3.4 Bargaining Power Of Suppliers
5.3.5 Intensity Of Competitive Rivalry
5.4 Upcoming Electric Trucks And Pickups
Table 20 Upcoming Electric Trucks And Pickups
5.5 Electric Commercial Vehicle Market Ecosystem
Figure 41 Electric Commercial Vehicle Market: Ecosystem Analysis
5.5.1 Ev Charging Infrastructure Providers
5.5.2 Tier Ii Suppliers
5.5.3 Tier I Suppliers
5.5.4 Oems
Table 21 Electric Commercial Vehicle Market: Role Of
Companies In Ecosystem
5.6 Notable Developments In Ev Market (2021)
Figure 42 Notable Events Q1 2021
Figure 43 Notable Events Q2 2021
Figure 44 Notable Events Q3 2021
Figure 45 Notable Events Q4 2021
5.7 Supply Chain Analysis
Figure 46 Supply Chain Analysis: Electric Commercial Vehicle Market
5.7.1 Electric Charging Infrastructure Providers
5.7.2 Tier Ii Suppliers
5.7.3 Tier I Suppliers
5.7.4 Oems
5.7.5 End Users
Table 22 Electric Commercial Vehicle Market: Supply Chain Stakeholders And Their Strategies
5.8 Electric Commercial Vehicle Pricing Analysis
Table 23 Average Price Of Select Electric Bus Models
Table 24 Average Price Of Select Electric Truck Models
Table 25 Average Price Of Select Electric Van Models
Table 26 Average Price Of Select Electric Pickup Models
5.9 Case Study
5.9.1 Adoption Of Electric Buses As Public Transport In Finland
5.9.2 Adoption Of Electric Buses As Public Transport In
Shenzhen, China
5.9.3 User Experience Of Battery Electric Trucks In Norway
5.10 Buying Criteria
5.10.1 Key Stakeholders & Buying Criteria
5.10.2 Key Stakeholders In Buying Process
Figure 47 Influence Of Stakeholders In Buying Process For
Top 2 Vehicle Type
Table 27 Influence Of Stakeholders In Buying Process For Top 2
Electric Commercial Vehicles (%)
5.10.3 Buying Criteria
Figure 48 Key Buying Criteria For Top 2 Vehicle Type
Table 28 Key Buying Criteria For Top 2 Electric Commercial
Vehicle Products
5.11 Technology Analysis
5.11.1 Innovative Charging Solutions
5.11.1.1 Off-board Top-down Pantograph Charging System
5.11.1.2 On-board Bottom-up Pantograph Charging System
5.11.1.3 Ground-based Static/Dynamic Wireless Charging System
5.11.2 Packaged Fuel Cell System Module
Figure 49 New Packaged Fuel Cell System Module By Toyota
5.11.3 Methane Fuel Cells
5.12 Patent Analysis
5.12.1 Introduction
Figure 50 Publication Trends (2012-2021)
5.12.2 Patents Published By Major Companies In Ecv Ecosystem
Figure 51 Electric Commercial Vehicle Patents, Trend Analysis (2012-2021)
Table 29 Important Patent Registrations Related To Electric
Commercial Vehicle Market
5.13 Trends And Disruptions In Electric Commercial Vehicle Market
Figure 52 Trends And Disruptions In Electric Commercial Vehicle Market
5.14 Regulatory Overview
5.14.1 Netherlands
Table 30 Netherlands: Electric Vehicle Incentives
Table 31 Netherlands: Electric Vehicle Charging Stations Incentives
5.14.2 Germany
Table 32 Germany: Electric Vehicle Incentives
Table 33 Germany: Electric Vehicle Charging Stations Incentives
5.14.3 France
Table 34 France: Electric Vehicle Incentives
Table 35 France: Electric Vehicle Charging Station Incentives
5.14.4 Uk
Table 36 Uk: Electric Vehicle Incentives
Table 37 Uk: Electric Vehicle Charging Stations Incentives
5.14.5 China
Table 38 China: Electric Vehicle Incentives
Table 39 China: Electric Vehicle Charging Stations Incentives
5.14.6 Us
Table 40 Us: Electric Vehicle Incentives
Table 41 Us: Electric Vehicle Charging Stations Incentives
5.14.7 Regulatory Bodies, Government Agencies, And Other Organizations, By Region
Table 42 North America: List Of Regulatory Bodies, Government Agencies, And Other Organizations
Table 43 Europe: List Of Regulatory Bodies, Government Agencies,
And Other Organizations
Table 44 Asia Pacific: List Of Regulatory Bodies, Government Agencies,
And Other Organizations
5.15 Key Conference & Events In 2022-2023
Table 45 Electric Commercial Vehicle Market: Detailed List Of
Conferences & Events
5.16 Electric Commercial Vehicle Market, Market Scenarios (2022–2030)
Figure 53 Electric Commercial Vehicle Market: Future Trends & Scenarios, 2022–2030 (Units)
5.16.1 Realistic Scenario
Table 46 Electric Commercial Vehicle Market: Realistic Scenario,
By Region, 2022–2030 (Units)
5.16.2 Optimistic Scenario
Table 47 Electric Commercial Vehicle Market: Optimistic Scenario,
By Region, 2022–2030 (Units)
5.16.3 Pessimistic Scenario
Table 48 Electric Commercial Vehicle Market: Pessimistic Scenario,
By Region, 2022–2030 (Units)
6 Electric Commercial Vehicle Market, By Autonomous Vehicle
6.1 Introduction
6.2 Electric Autonomous Truck
6.3 Electric Autonomous Bus
7 Electric Commercial Vehicle Market, By Battery Type
7.1 Introduction
Figure 54 Nmc Segment To Dominate Electric Commercial Vehicles Market In Forecast Period
Table 49 Electric Commercial Vehicles Market Size, By Battery Type,
2018–2021 (Units)
Table 50 Electric Commercial Vehicles Market Size, By Battery Type,
2022–2030 (Units)
7.1.1 Operational Data
Table 51 Electric Commercial Vehicle Models, Battery Type
7.1.2 Assumptions
Table 52 Assumptions: By Battery Type
7.1.3 Research Methodology
7.2 Nickel-manganese-cobalt
7.2.1 Advancements In Battery Technology To Boost Demand For
Nmc Batteries In Ecvs
Table 53 Nickel-manganese-cobalt Batteries In Electric Commercial Vehicles Market, By Region, 2018–2021 (Units)
Table 54 Nickel-manganese-cobalt Batteries In Electric Commercial Vehicles Market, By Region, 2022–2030 (Units)
7.3 Lithium-iron-phosphate
7.3.1 Affordable Prices To Drive Market For Lfp Batteries
Table 55 Lithium-iron-phosphate Batteries In Electric Commercial Vehicles Market, By Region, 2018–2021 (Units)
Table 56 Lithium-iron-phosphate Batteries In Electric Commercial Vehicles Market, By Region, 2022–2030 (Units)
7.4 Others
7.4.1 Oems And Startups Working On Alternative Batteries To
Boost Market
Table 57 Other Batteries In Electric Commercial Vehicles Market,
By Region, 2018–2021 (Units)
Table 58 Other Batteries In Electric Commercial Vehicles Market,
By Region, 2022–2030 (Units)
7.5 Solid State Battery
7.6 Key Industry Insights
8 Electric Commercial Vehicles Market, By Battery Capacity
8.1 Introduction
Figure 55 50-250 Kwh Segment To Grow Fastest During Forecast Period
Table 59 Electric Commercial Vehicles Market Size, By Battery Capacity, 2018–2021 (Units)
Table 60 Electric Commercial Vehicles Market Size, By Battery Capacity, 2022–2030 (Units)
8.1.1 Operational Data
Table 61 Electric Commercial Vehicle Models, By Battery Capacity
8.1.2 Assumptions
Table 62 Assumptions: By Battery Capacity
8.1.3 Research Methodology
8.2 Less Than 50 Kwh
8.2.1 Growing Electric Van Sales To Fuel Less Than 50 Kwh Segment
Table 63 Less Than 50 Kwh Electric Commercial Vehicles Market, By Region, 2018–2021 (Units)
Table 64 Less Than 50 Kwh Electric Commercial Vehicles Market, By Region, 2022–2030 (Units)
8.3 50-250 Kwh
8.3.1 Affordable Electric Buses And Pickup Trucks Drive 50-250 Kwh Market In Asia Pacific
Table 65 50-250 Kwh Electric Commercial Vehicles Market, By Region, 2018–2021 (Units)
Table 66 50-250 Kwh Electric Commercial Vehicles Market, By Region, 2022–2030 (Units)
8.4 Above 250 Kwh
8.4.1 Long Buses And Heavy-duty Trucks To Lead Market
Table 67 Above 250 Kwh Electric Commercial Vehicles Market, By Region, 2018–2021 (Units)
Table 68 Above 250 Kwh Electric Commercial Vehicles Market, By Region, 2022–2030 (Units)
8.5 Key Industry Insights
9 Electric Commercial Vehicle Market, By Component
9.1 Introduction
9.2 Battery Cells And Packs
9.3 Onboard Charger
9.4 Motor
9.5 Reducer
9.6 Power Control Unit
9.7 Battery Management System
9.8 Fuel Cell Stack
9.9 Fuel Processor
9.10 Power Conditioner
9.11 Air Compressor
9.12 Humidifier
10 Electric Bus Market, By Length Of Bus
10.1 Introduction
Figure 56 9-14 M Segment To Dominate Electric Bus Market In
Forecast Period
Table 69 Electric Bus Market Size, By Length Of Bus, 2018–2021 (Units)
Table 70 Electric Bus Market Size, By Length Of Bus, 2022–2030 (Units)
10.1.1 Operational Data
Table 71 Electric Bus Models, By Length Of Bus
10.1.2 Assumptions: Length Of Bus
10.1.3 Research Methodology
10.2 Less Than 9m
10.2.1 High Demand For Electric Buses On Narrow Roads To
Increase Demand
Table 72 Less Than 9 Meters Electric Bus Market, By Region,
2018–2021 (Units)
Table 73 Less Than 9 Meters Electric Bus Market, By Region,
2022–2030 (Units)
10.3 9-14m
10.3.1 High Adoption Rate Of Electric Buses For Public Transport Fleet To Drive Segment
Table 74 9-14 Meters Electric Bus Market, By Region, 2018–2021 (Units)
Table 75 9-14 Meters Electric Bus Market, By Region, 2022–2030 (Units)
10.4 Above 14 M
10.4.1 Growing Demand For Intercity Public Transport In Highly Populated Countries To Impact Above 14 M Bus Sales
Table 76 Above 14 Meters Electric Bus Market, By Region, 2018–2021 (Units)
Table 77 Above 14 Meters Electric Bus Market, By Region, 2022–2030 (Units)
10.5 Key Industry Insights
11 Electric Commercial Vehicles Market, By Propulsion
11.1 Introduction
Figure 57 Bev Segment To Drive Electric Commercial Vehicles Market In Forecast Period
Table 78 Electric Commercial Vehicles Market Size, By Propulsion,
2018–2021 (Units)
Table 79 Electric Commercial Vehicles Market Size, By Propulsion,
2022–2030 (Units)
11.1.1 Operational Data
Table 80 Electric Commercial Vehicle Models, By Propulsion Type
11.1.2 Assumptions
Table 81 Assumptions: By Propulsion
11.1.3 Research Methodology
11.2 Battery Electric Vehicle (Bev)
11.2.1 Bev Segment To Influence Ecv Market Due To High Bev Bus
And Van Sales
Table 82 Bev Commercial Vehicles Market, By Region, 2018–2021 (Units)
Table 83 Bev Commercial Vehicles Market, By Region, 2022–2030 (Units)
11.3 Fuel Cell Electric Vehicle (Fcev)
11.3.1 Fcev Vans To Start Selling From Around 2023
Table 84 Fcev Commercial Vehicles Market, By Region, 2018–2021 (Units)
Table 85 Fcev Commercial Vehicles Market, By Region, 2022–2030 (Units)
11.4 Plug-in Hybrid Electric Vehicle (Phev)
11.4.1 Asia Pacific Projected To Be Largest Phev Market
Table 86 Phev Commercial Vehicles Market, By Region, 2018–2021 (Units)
Table 87 Phev Commercial Vehicles Market, By Region, 2022–2030 (Units)
11.5 Key Industry Insights
12 Electric Commercial Vehicle Market, By Power Output
12.1 Introduction
Figure 58 Less Than 100 Kw Segment To Have Highest Demand In Electric Commercial Vehicle Market In Forecast Period
Table 88 Electric Commercial Vehicle Market Size, By Power Output,
2018–2021 (Units)
Table 89 Electric Commercial Vehicle Market Size, By Power Output,
2022–2030 (Units)
12.1.1 Operational Data
Table 90 Electric Commercial Vehicle Data Based On Power Output
12.1.2 Assumptions
12.1.3 Research Methodology
12.2 Less Than 100 Kw
12.2.1 Use Of Small Electric Vans For Shipping By Logistics
Companies In Europe
Table 91 Less Than 100 Kw Power Output Electric Commercial Vehicles Market, By Region, 2018–2021 (Units)
Table 92 Less Than 100 Kw Power Output Electric Commercial Vehicles Market, By Region, 2022–2030 (Units)
12.3 100-250 Kw
12.3.1 Development Of Best-in-class Pickup Trucks To Lead Market For 100-250 Kw Power Output
Table 93 100-250 Kw Power Output Electric Commercial Vehicles Market, By Region, 2018–2021 (Units)
Table 94 100-250 Kw Power Output Electric Commercial Vehicles Market, By Region, 2022–2030 (Units)
12.4 Above 250 Kw
12.4.1 Upcoming Market For Best-in-class Electric Pickups And Buses
Table 95 Above 250 Kw Power Output Electric Commercial Vehicles Market, By Region, 2018–2021 (Units)
Table 96 Above 250 Kw Power Output Electric Commercial Vehicles Market, By Region, 2022–2030 (Units)
12.5 Key Industry Insights
13 Electric Commercial Vehicle Market, By Range
13.1 Introduction
Figure 59 Less Than 150 Miles Segment To Acquire Highest Demand In Electric Commercial Vehicle Market In Forecast Period
Table 97 Electric Commercial Vehicle Market Size, By Range,
2018–2021 (Units)
Table 98 Electric Commercial Vehicle Market Size, By Range,
2022–2030 (Units)
13.1.1 Operational Data
Table 99 Electric Commercial Vehicle Data Based On Range
13.1.2 Assumptions
13.1.3 Research Methodology
13.2 Less Than 150 Miles
13.2.1 Affordable Electric Vans To Drive Less Than 150 Miles Segment
Table 100 Less Than 150 Miles Range Electric Commercial Vehicles Market, By Region, 2018–2021 (Units)
Table 101 Less Than 150 Miles Range Electric Commercial Vehicles Market, By Region, 2022–2030 (Units)
13.3 150-300 Miles
13.3.1 High Adoption Rate Of Electric Buses To Boost 150-300 Miles Electric Cv Market
Table 102 150-300 Miles Range Electric Commercial Vehicles Market,
By Region, 2018–2021 (Units)
Table 103 150-300 Miles Range Electric Commercial Vehicles Market,
By Region, 2022–2030 (Units)
13.4 Above 300 Miles
13.4.1 Advancements In Battery Technologies To Drive Above
300 Miles Segment
Table 104 Above 300 Miles Range Electric Commercial Vehicles Market,
By Region, 2018–2021 (Units)
Table 105 Above 300 Miles Range Electric Commercial Vehicles Market,
By Region, 2022–2030 (Units)
13.5 Key Industry Insights
14 Electric Commercial Vehicle Market, By Vehicle Type
14.1 Introduction
Figure 60 Electric Van Segment To Be Largest Market, By Vehicle Type,
2022–2030 (Units)
Table 106 Electric Commercial Vehicle Market Size, By Vehicle Type,
2018–2021 (Units)
Table 107 Electric Commercial Vehicle Market Size, By Vehicle Type,
2022–2030 (Units)
14.1.1 Operational Data
Table 108 Electric Commercial Vehicle Data Based On Vehicle Type
14.1.2 Assumptions
14.1.3 Research Methodology
14.2 Electric Bus
14.2.1 Electric Bus Demand To Grow With Demand For Emission-free Public Transport
Table 109 Electric Bus Market, By Region, 2018–2021 (Units)
Table 110 Electric Bus Market, By Region, 2022–2030 (Units)
14.3 Electric Pickup Truck
14.3.1 Electric Pickup Sales To Grow With Best-in-class Electric
Pickups Fro Oems
Table 111 Electric Pickup Truck Market, By Region, 2018–2021 (Units)
Table 112 Electric Pickup Truck Market, By Region, 2022–2030 (Units)
14.4 Electric Truck
14.4.1 Advancements In Battery Technology To Boost Electric
Truck Market
Table 113 Electric Truck Market, By Region, 2018–2021 (Units)
Table 114 Electric Truck Market, By Region, 2022–2030 (Units)
14.4.2 Medium-duty And Heavy-duty Trucks
14.5 Electric Van
14.5.1 Increasing Demand From Logistics Providers To Drive
Electric Van Market
Table 115 Electric Van Market, By Region, 2018–2021 (Units)
Table 116 Electric Van Market, By Region, 2022–2030 (Units)
14.6 Key Industry Insights
15 Electric Commercial Vehicle Market, By End User
15.1 Introduction
Figure 61 Higher Adoption Of Electric Commercial Vehicles For Last
Mile Delivery Services To Lead Market
Table 117 Electric Commercial Vehicle Market, By End-user,
2018–2021 (Units)
Table 118 Electric Commercial Vehicle Market, By End-user,
2022–2030 (Units)
15.1.1 Operational Data
Table 119 End User By Vehicle Type
15.1.2 Assumptions
15.1.3 Research Methodology
15.2 Last Mile Delivery
15.3 Field Services
15.4 Distribution Service
15.5 Long Haul Transportation
15.6 Refuse Service
15.7 Key Industry Insights
16 Electric Truck Market, By Truck Payload Capacity
16.1 Introduction
Figure 62 Higher Adoption Of Pickup Trucks To Command Higher
Demand In Up To 10,000 Lbs Segment
Table 120 Electric Truck Market, By Truck Payload Capacity,
2018–2021 (Units)
Table 121 Electric Truck Market, By Truck Payload Capacity,
2022–2030 (Units)
16.1.1 Operational Data
Table 122 Electric Truck Data Based On Payload Capacity
16.1.2 Assumptions
16.1.3 Research Methodology
16.2 Upto 10,000 Lbs
16.3 10,001- 26,000 Lbs
16.4 26,001 Lbs And Above
16.5 Key Industry Insights
17 Electric Commercial Vehicle Market, By Region
17.1 Introduction
Figure 63 Electric Commercial Vehicle Market, By Region, 2022–2030 (Units)
Table 123 Electric Commercial Vehicle Market, By Region, 2018–2021 (Units)
Table 124 Electric Commercial Vehicle Market, By Region, 2022–2030 (Units)
17.2 Asia Pacific
Figure 64 Asia Pacific: Electric Commercial Vehicle Market Snapshot
Table 125 Asia Pacific: Electric Commercial Vehicle Market, By Country, 2018–2021 (Units)
Table 126 Asia Pacific: Electric Commercial Vehicle Market, By Country, 2022–2030 (Units)
17.2.1 China
17.2.1.1 Electric Buses To Dominate Chinese Market
Table 127 China Electric Commercial Vehicle Market, By Vehicle Type,
2018–2021 (Units)
Table 128 China Electric Commercial Vehicle Market, By Vehicle Type,
2022–2030 (Units)
17.2.2 Japan
17.2.2.1 Renowned Oems To Manufacture Advanced Electric Vans In Japan To Speed Up Ecv Adoption
Table 129 Japan Electric Commercial Vehicle Market, By Vehicle Type,
2018–2021 (Units)
Table 130 Japan Electric Commercial Vehicle Market, By Vehicle Type,
2022–2030 (Units)
17.2.3 India
17.2.3.1 Indian Electric Commercial Vehicle Market To Witness Rapid Growth
Figure 65 Regulations And Possible Impact For Ecvs In India
Figure 66 Incentive And Regulatory Landscape For Evs In India
Table 131 India Electric Commercial Vehicle Market, By Vehicle Type,
2018–2021 (Units)
Table 132 India Electric Commercial Vehicle Market, By Vehicle Type,
2022–2030 (Units)
17.2.4 South Korea
17.2.4.1 Explosive Growth In Demand For Electric Pickups To Lead Ecv Market In South Korea
Figure 67 New Ev Incentive Budget In South Korea
Table 133 South Korea Electric Commercial Vehicle Market, By Vehicle Type, 2018–2021 (Units)
Table 134 South Korea Electric Commercial Vehicle Market, By Vehicle Type, 2022–2030 (Units)
17.3 Europe
Figure 68 Europe: Electric Commercial Vehicle Market, By Country,
2022–2030 (Units)
Table 135 Europe Electric Commercial Vehicle Market, By Country,
2018–2021 (Units)
Table 136 Europe Electric Commercial Vehicle Market, By Country,
2022–2030 (Units)
17.3.1 France
17.3.1.1 Electric Van Segment To Dominate French Ecv Market
Table 137 France Electric Commercial Vehicle Market, By Vehicle Type,
2018–2021 (Units)
Table 138 France Electric Commercial Vehicle Market, By Vehicle Type,
2022–2030 (Units)
17.3.2 Germany
17.3.2.1 Setup Of Charging Corridors To Boost Ecv Demand In Germany
Figure 69 E-highway Project In Germany Developed By Siemens
Table 139 Germany Electric Commercial Vehicle Market, By Vehicle Type, 2018–2021 (Units)
Table 140 Germany Electric Commercial Vehicle Market, By Vehicle Type, 2022–2030 (Units)
17.3.3 Spain
17.3.3.1 Government Focus On Replacing Existing Bus And Van Fleets Expected To Positively Impact Ecv Market In Spain
Table 141 Spain Electric Commercial Vehicle Market, By Vehicle Type,
2018–2021 (Units)
Table 142 Spain Electric Commercial Vehicle Market, By Vehicle Type,
2022–2030 (Units)
17.3.4 Austria
17.3.4.1 Government Incentives To Push Ecv Market In Austria
Table 143 Austria Electric Commercial Vehicle Market, By Vehicle Type, 2018–2021 (Units)
Table 144 Austria Electric Commercial Vehicle Market, By Vehicle Type, 2022–2030 (Units)
17.3.5 Norway
17.3.5.1 Logistics And Fleet Providers To Raise Demand In Ecv
Market In Norway
Table 145 Norway Electric Commercial Vehicle Market, By Vehicle Type, 2018–2021 (Units)
Table 146 Norway Electric Commercial Vehicle Market, By Vehicle Type, 2022–2030 (Units)
17.3.6 Sweden
17.3.6.1 Presence Of Market-leading Oems And Startups To Propel Electric Commercial Vehicle Market In Sweden
Table 147 Sweden Electric Commercial Vehicle Market, By Vehicle Type, 2018–2021 (Units)
Table 148 Sweden Electric Commercial Vehicle Market, By Vehicle Type, 2022–2030 (Units)
17.3.7 Switzerland
17.3.7.1 Swiss Ecv Market To Grow At Fast Rate With Minimal Tax Policy
For Ev Imports
Table 149 Switzerland Electric Commercial Vehicle Market, By Vehicle Type, 2018–2021 (Units)
Table 150 Switzerland Electric Commercial Vehicle Market, By Vehicle Type, 2022–2030 (Units)
17.3.8 Netherlands
17.3.8.1 Ecv Manufacturing Oems And Attractive Government To Positively Influence Ecv Market In Netherlands
Table 151 Netherlands Electric Commercial Vehicle Market, By Vehicle Type, 2018–2021 (Units)
Table 152 Netherlands Electric Commercial Vehicle Market, By Vehicle Type, 2022–2030 (Units)
17.3.9 Belgium
17.3.9.1 Higher Electric Bus And Van Adoption To Speed Up Market
Growth In Belgium
Table 153 Belgium Electric Commercial Vehicle Market, By Vehicle Type, 2018–2021 (Units)
Table 154 Belgium Electric Commercial Vehicle Market, By Vehicle Type, 2022–2030 (Units)
17.3.10 Uk
17.3.10.1 Government Electrification Roadmap To Pace Shift To Electric For Commercial Vehicles
Figure 70 Uk Ev Roadmap
Table 155 Uk Electric Commercial Vehicle Market, By Vehicle Type,
2018–2021 (Units)
Table 156 Uk Electric Commercial Vehicle Market, By Vehicle Type,
2022–2030 (Units)
17.3.11 Italy
17.3.11.1 Government Incentives To Generate Higher Demand For Electric Commercial Vehicle Market In Italy
Table 157 Italy Electric Commercial Vehicle Market, By Vehicle Type,
2018–2021 (Units)
Table 158 Italy Electric Commercial Vehicle Market, By Vehicle Type,

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