Electric Cargo Vans in North America

Electric Cargo Vans in North America

Comprehensive analysis which includes participants in the electric cargo van segment as well as profiles and financial strength of the new start-up companies and 2022 outlook

The Market & Market Trends

Increasing interest in electric vans has resulted in existing OEM manufacturers and new start up companies entering into the segment.

Many start-up companies face working capital shortages, which restrict their ability to start commercial production of electric vans. Additionally, they may be subject to probes and investigations by various agencies as they seek to raise funds or merge with other entities.

With General Motors, RAM and Mercedes also entering this segment, start up companies have lost the beginners advantage and are likely to face intense competition from these established players. Ford commenced the shipment of its electric E-Transit van in February 2022, which is likely to be a game changer in this segment.

OEM manufacturers are also entering into the battery manufacturing segment, either independently or through joint ventures with existing battery manufacturers.

With a battery range between 100 to 250 miles, effective and cost saving electric cargo vans are expected to significantly replace cargo vans powered by traditional internal combustion engines over the next decade.

Electric cargo van shipments will continue to remain volatile over the next couple of years, with delays and changes in execution of orders as the market players continue to evolve.

This report includes details on all of the above and presents:

Participants by ownership type – listed vs. private
Participants by company type – established OEMS vs new start‑ups
Details of products offered by the participants
Major orders received by the participants, including details of collaborations with major delivery companies
Electric cargo van shipments to date and 2022 estimate
Recent developments to counter supply chain issues
Trends and challenges
Profile of start-up companies, including financial strength