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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

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.
Table of Contents

1INTRODUCTION35
1.1OBJECTIVES OF THE STUDY35
1.2MARKET DEFINITION36
TABLE 1ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, BY PROPULSION36
TABLE 2ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, BY VEHICLE TYPE36
TABLE 3ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, BY END USER37
TABLE 4ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, BY COMPONENT37
TABLE 5ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, BY BATTERY TYPE38
TABLE 6ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, BY POWER OUTPUT39
TABLE 7ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION,
BY BATTERY CAPACITY39
TABLE 8ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION,
BY AUTONOMOUS VEHICLE39
TABLE 9ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, BY LENGTH OF BUS40
TABLE 10ELECTRIC TRUCK MARKET DEFINITION, BY TRUCK PAYLOAD CAPACITY40
TABLE 11ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, RANGE40
1.2.1INCLUSIONS & EXCLUSIONS41
TABLE 12INCLUSIONS & EXCLUSIONS IN THE ELECTRIC COMMERCIAL
VEHICLE MARKET41
1.3MARKET SCOPE42
FIGURE 1MARKETS COVERED42
1.3.1YEARS CONSIDERED FOR STUDY43
1.4CURRENCY & PRICING43
TABLE 13CURRENCY EXCHANGE RATES43
1.5PACKAGE SIZE43
1.6STAKEHOLDERS44
1.7LIMITATIONS44
1.8SUMMARY OF CHANGES44
2RESEARCH METHODOLOGY46
2.1RESEARCH DATA46
FIGURE 2ELECTRIC COMMERCIAL VEHICLE MARKET: RESEARCH DESIGN46
FIGURE 3RESEARCH DESIGN MODEL47
2.1.1SECONDARY DATA47
2.1.1.1Key secondary sources for electric commercial vehicle market48
2.1.1.2Key data from secondary sources49
2.1.2PRIMARY DATA50
2.1.2.1Primary interviews – demand and supply sides50
2.1.2.2Key industry insights and Breakdown of Primary Interviews51
FIGURE 4KEY INDUSTRY INSIGHTS51
FIGURE 5BREAKDOWN OF PRIMARY INTERVIEWS51
2.1.2.3List of primary participants52
2.2MARKET SIZE ESTIMATION53
FIGURE 6RESEARCH METHODOLOGY: HYPOTHESIS BUILDING53
2.2.1BOTTOM-UP APPROACH54
FIGURE 7BOTTOM-UP APPROACH: ELECTRIC COMMERCIAL VEHICLE MARKET54
2.2.2TOP-DOWN APPROACH54
FIGURE 8TOP-DOWN APPROACH: ELECTRIC COMMERCIAL VEHICLE MARKET55
FIGURE 9ELECTRIC COMMERCIAL VEHICLE MARKET: MARKET ESTIMATION NOTES55
FIGURE 10ELECTRIC COMMERCIAL VEHICLE MARKET: RESEARCH DESIGN & METHODOLOGY – DEMAND SIDE56
2.3DATA TRIANGULATION57
FIGURE 11DATA TRIANGULATION METHODOLOGY57
2.4FACTOR ANALYSIS58
FIGURE 12MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS
AND OPPORTUNITIES58
2.4.1FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY-SIDE59
2.5RESEARCH ASSUMPTIONS59
2.6RESEARCH LIMITATIONS60
3EXECUTIVE SUMMARY62
FIGURE 13ELECTRIC COMMERCIAL VEHICLE MARKET: MARKET OVERVIEW63
FIGURE 14ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION,
2022–2030 (THOUSAND UNITS)64
FIGURE 15BEVS EXPECTED TO HOLD LARGEST MARKET DURING FORECAST PERIOD (2022–2030)65
4PREMIUM INSIGHTS66
4.1ATTRACTIVE OPPORTUNITIES IN ELECTRIC COMMERCIAL VEHICLE MARKET66
FIGURE 16INCREASING DEMAND FOR ZERO-EMISSION COMMUTING TO DRIVE MARKET66
4.2ELECTRIC COMMERCIAL VEHICLE MARKET GROWTH RATE, BY REGION67
FIGURE 17ASIA PACIFIC PROJECTED TO BE LARGEST MARKET DURING
FORECAST PERIOD67
4.3ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY TYPE67
FIGURE 18LITHIUM-IRON-PHOSPHATE SEGMENT TO GROW AT FASTER RATE
(2022–2030)67
4.4ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY CAPACITY68
FIGURE 19ECVS WITH BATTERY CAPACITY OF 50-250 KWH TO DOMINATE MARKET DURING FORECAST PERIOD (2022–2030)68
4.5ELECTRIC BUS MARKET, BY LENGTH OF BUS68
FIGURE 209-14 METERS BUSES TO OCCUPY LARGER MARKET SHARE DURING FORECAST PERIOD (2022–2030)68
4.6ELECTRIC COMMERCIAL VEHICLE MARKET, BY PROPULSION69
FIGURE 21FCEVS EXPECTED TO EMERGE FASTER DURING FORECAST PERIOD
(2022–2030)69
4.7ELECTRIC COMMERCIAL VEHICLE MARKET, BY POWER OUTPUT69
FIGURE 22ECVS WITH POWER OUTPUT OF 100-250 KWH DEMAND EXPECTED TO GROW HIGHER DURING FORECAST PERIOD (2022–2030)69
4.8ELECTRIC COMMERCIAL VEHICLE MARKET, BY RANGE70
FIGURE 23ABOVE 300 MILES RANGE ECV DEMAND TO HAVE HIGHER DEMAND DURING FORECAST PERIOD (2022–2030)70
4.9ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE70
FIGURE 24PICKUP TRUCKS TO WITNESS RAPID GROWTH DURING FORECAST PERIOD (2022–2030)70
4.10ELECTRIC COMMERCIAL VEHICLE MARKET, BY END USER71
FIGURE 25LAST MILE DELIVERY TO BE MOST COMMON APPLICATION OF ECVS DURING FORECAST PERIOD (2022–2030)71
4.11ELECTRIC TRUCK MARKET, BY TRUCK PAYLOAD CAPACITY71
FIGURE 26ECVS WITH TRUCK PAYLOADS OF UP TO 10,000 LBS EXPECTED TO BE HIGHEST-SELLING ECVS DURING FORECAST PERIOD (2022–2030)71
5MARKET OVERVIEW72
5.1INTRODUCTION72
FIGURE 27ROLE OF STARTUPS IN EV ECOSYSTEM73
5.2MARKET DYNAMICS74
FIGURE 28ELECTRIC COMMERCIAL VEHICLE MARKET: MARKET DYNAMICS74
5.2.1DRIVERS75
5.2.1.1Reducing prices of EV batteries to increase demand for ECVs75
FIGURE 29EV BATTERY PRICING ANALYSIS75
5.2.1.2Rising prices of fossil fuels to raise demand for ECVs76
FIGURE 30AVERAGE GLOBAL PETROL PRICES77
FIGURE 31COMPARISON OF OPERATING COST OF EVS AND ICE VEHICLES78
5.2.1.3Increasing demand for emission-free commercial vehicles and electric vehicles in logistics industry to drive market demand78
FIGURE 32GLOBAL FUEL ECONOMY AND CO2 EMISSION DATA79
TABLE 14POTENTIAL MARKET FOR NEW ZERO-EMISSION BUSES PER YEAR
ACROSS EUROPE79
5.2.1.4Government support for electric commercial vehicles80
TABLE 15GOVERNMENT PROGRAMS FOR PROMOTION OF ELECTRIC COMMERCIAL VEHICLE SALES80
FIGURE 33ELECTRIFICATION TARGETS BY COUNTRIES81
5.2.2RESTRAINTS82
5.2.2.1High development costs to delay ECV launches in market82
FIGURE 34AVERAGE COST OF DIESEL VS ELECTRIC BUSES82
5.2.2.2Concerns over battery safety to restrain market development83
FIGURE 35BATTERY SAFETY ARCHITECTURE83
5.2.2.3Insufficient EV charging infrastructure to slow ECV adoption83
FIGURE 36COUNTRY-WISE COMPARISON OF EV CHARGER DENSITY, 202084
5.2.2.4Lower vehicle range hampers use for long-distance logistics84
5.2.3OPPORTUNITIES85
5.2.3.1New revenue pockets in North America and Northern Europe to provide market growth opportunities85
5.2.3.2Development of wireless EV charging technology for on-the-go charging to fuel market85
FIGURE 37WORKING OF WIRELESS EV CHARGING85
5.2.3.3Use of EVs for fleets and commercial applications to boost
ECV market86
TABLE 16MAJOR EV FLEET TARGETS86
5.2.4CHALLENGES87
5.2.4.1Limited battery capacity to challenge market growth87
TABLE 17BATTERY CAPACITIES OF POPULAR ELECTRIC BUSES87
5.2.4.2Lower availability of lithium for EV batteries to act as hurdle for manufacturers87
FIGURE 38LITHIUM-ION DEMAND AND SUPPLY88
5.2.4.3Insufficient global grid infrastructure to limit adoption of electric commercial vehicles88
FIGURE 39GRID REQUIREMENT FOR EVS IN GERMANY BY 203088
TABLE 18ELECTRIC COMMERCIAL VEHICLE MARKET: IMPACT OF MARKET DYNAMICS89
5.3PORTER’S FIVE FORCES MODEL ANALYSIS90
FIGURE 40ELECTRIC COMMERCIAL VEHICLE MARKET: PORTERS 5 FORCES ANALYSIS90
TABLE 19ELECTRIC COMMERCIAL VEHICLE MARKET: IMPACT OF
PORTER’S FIVE FORCES91
5.3.1THREAT OF SUBSTITUTES91
5.3.2THREAT OF NEW ENTRANTS91
5.3.3BARGAINING POWER OF BUYERS91
5.3.4BARGAINING POWER OF SUPPLIERS91
5.3.5INTENSITY OF COMPETITIVE RIVALRY92
5.4UPCOMING ELECTRIC TRUCKS AND PICKUPS92
TABLE 20UPCOMING ELECTRIC TRUCKS AND PICKUPS92
5.5ELECTRIC COMMERCIAL VEHICLE MARKET ECOSYSTEM94
FIGURE 41ELECTRIC COMMERCIAL VEHICLE MARKET: ECOSYSTEM ANALYSIS94
5.5.1EV CHARGING INFRASTRUCTURE PROVIDERS94
5.5.2TIER II SUPPLIERS94
5.5.3TIER I SUPPLIERS94
5.5.4OEMS95
TABLE 21ELECTRIC COMMERCIAL VEHICLE MARKET: ROLE OF
COMPANIES IN ECOSYSTEM95
5.6NOTABLE DEVELOPMENTS IN EV MARKET (2021)96
FIGURE 42NOTABLE EVENTS Q1 202196
FIGURE 43NOTABLE EVENTS Q2 202197
FIGURE 44NOTABLE EVENTS Q3 202197
FIGURE 45NOTABLE EVENTS Q4 202198

5.7SUPPLY CHAIN ANALYSIS98
FIGURE 46SUPPLY CHAIN ANALYSIS: ELECTRIC COMMERCIAL VEHICLE MARKET98
5.7.1ELECTRIC CHARGING INFRASTRUCTURE PROVIDERS99
5.7.2TIER II SUPPLIERS99
5.7.3TIER I SUPPLIERS99
5.7.4OEMS99
5.7.5END USERS99
TABLE 22ELECTRIC COMMERCIAL VEHICLE MARKET: SUPPLY CHAIN STAKEHOLDERS AND THEIR STRATEGIES99
5.8ELECTRIC COMMERCIAL VEHICLE PRICING ANALYSIS100
TABLE 23AVERAGE PRICE OF SELECT ELECTRIC BUS MODELS100
TABLE 24AVERAGE PRICE OF SELECT ELECTRIC TRUCK MODELS100
TABLE 25AVERAGE PRICE OF SELECT ELECTRIC VAN MODELS101
TABLE 26AVERAGE PRICE OF SELECT ELECTRIC PICKUP MODELS101
5.9CASE STUDY101
5.9.1ADOPTION OF ELECTRIC BUSES AS PUBLIC TRANSPORT IN FINLAND101
5.9.2ADOPTION OF ELECTRIC BUSES AS PUBLIC TRANSPORT IN
SHENZHEN, CHINA102
5.9.3USER EXPERIENCE OF BATTERY ELECTRIC TRUCKS IN NORWAY103
5.10BUYING CRITERIA104
5.10.1KEY STAKEHOLDERS & BUYING CRITERIA104
5.10.2KEY STAKEHOLDERS IN BUYING PROCESS105
FIGURE 47INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR
TOP 2 VEHICLE TYPE105
TABLE 27INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 2
ELECTRIC COMMERCIAL VEHICLES (%)105
5.10.3BUYING CRITERIA105
FIGURE 48KEY BUYING CRITERIA FOR TOP 2 VEHICLE TYPE106
TABLE 28KEY BUYING CRITERIA FOR TOP 2 ELECTRIC COMMERCIAL
VEHICLE PRODUCTS106
5.11TECHNOLOGY ANALYSIS106
5.11.1INNOVATIVE CHARGING SOLUTIONS106
5.11.1.1Off-board top-down pantograph charging system107
5.11.1.2On-board bottom-up pantograph charging system107
5.11.1.3Ground-based static/dynamic wireless charging system107
5.11.2PACKAGED FUEL CELL SYSTEM MODULE108
FIGURE 49NEW PACKAGED FUEL CELL SYSTEM MODULE BY TOYOTA108
5.11.3METHANE FUEL CELLS108
5.12PATENT ANALYSIS109
5.12.1INTRODUCTION109
FIGURE 50PUBLICATION TRENDS (2012-2021)109
5.12.2PATENTS PUBLISHED BY MAJOR COMPANIES IN ECV ECOSYSTEM109
FIGURE 51ELECTRIC COMMERCIAL VEHICLE PATENTS, TREND ANALYSIS (2012-2021)109
TABLE 29IMPORTANT PATENT REGISTRATIONS RELATED TO ELECTRIC
COMMERCIAL VEHICLE MARKET110
5.13TRENDS AND DISRUPTIONS IN ELECTRIC COMMERCIAL VEHICLE MARKET113
FIGURE 52TRENDS AND DISRUPTIONS IN ELECTRIC COMMERCIAL VEHICLE MARKET113
5.14REGULATORY OVERVIEW114
5.14.1NETHERLANDS114
TABLE 30NETHERLANDS: ELECTRIC VEHICLE INCENTIVES114
TABLE 31NETHERLANDS: ELECTRIC VEHICLE CHARGING STATIONS INCENTIVES115
5.14.2GERMANY115
TABLE 32GERMANY: ELECTRIC VEHICLE INCENTIVES115
TABLE 33GERMANY: ELECTRIC VEHICLE CHARGING STATIONS INCENTIVES115
5.14.3FRANCE116
TABLE 34FRANCE: ELECTRIC VEHICLE INCENTIVES116
TABLE 35FRANCE: ELECTRIC VEHICLE CHARGING STATION INCENTIVES116
5.14.4UK116
TABLE 36UK: ELECTRIC VEHICLE INCENTIVES117
TABLE 37UK: ELECTRIC VEHICLE CHARGING STATIONS INCENTIVES117
5.14.5CHINA117
TABLE 38CHINA: ELECTRIC VEHICLE INCENTIVES117
TABLE 39CHINA: ELECTRIC VEHICLE CHARGING STATIONS INCENTIVES118
5.14.6US118
TABLE 40US: ELECTRIC VEHICLE INCENTIVES118
TABLE 41US: ELECTRIC VEHICLE CHARGING STATIONS INCENTIVES118
5.14.7REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS, BY REGION119
TABLE 42NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS119
TABLE 43EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS120
TABLE 44ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS121
5.15KEY CONFERENCE & EVENTS IN 2022-2023121
TABLE 45ELECTRIC COMMERCIAL VEHICLE MARKET: DETAILED LIST OF
CONFERENCES & EVENTS121
5.16ELECTRIC COMMERCIAL VEHICLE MARKET, MARKET SCENARIOS (2022–2030)123
FIGURE 53ELECTRIC COMMERCIAL VEHICLE MARKET: FUTURE TRENDS & SCENARIOS, 2022–2030 (UNITS)123
5.16.1REALISTIC SCENARIO123
TABLE 46ELECTRIC COMMERCIAL VEHICLE MARKET: REALISTIC SCENARIO,
BY REGION, 2022–2030 (UNITS)123
5.16.2OPTIMISTIC SCENARIO124
TABLE 47ELECTRIC COMMERCIAL VEHICLE MARKET: OPTIMISTIC SCENARIO,
BY REGION, 2022–2030 (UNITS)124

5.16.3PESSIMISTIC SCENARIO124
TABLE 48ELECTRIC COMMERCIAL VEHICLE MARKET: PESSIMISTIC SCENARIO,
BY REGION, 2022–2030 (UNITS)124
6ELECTRIC COMMERCIAL VEHICLE MARKET, BY AUTONOMOUS VEHICLE125
6.1INTRODUCTION125
6.2ELECTRIC AUTONOMOUS TRUCK125
6.3ELECTRIC AUTONOMOUS BUS126
7ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY TYPE127
7.1INTRODUCTION128
FIGURE 54NMC SEGMENT TO DOMINATE ELECTRIC COMMERCIAL VEHICLES MARKET IN FORECAST PERIOD128
TABLE 49ELECTRIC COMMERCIAL VEHICLES MARKET SIZE, BY BATTERY TYPE,
2018–2021 (UNITS)129
TABLE 50ELECTRIC COMMERCIAL VEHICLES MARKET SIZE, BY BATTERY TYPE,
2022–2030 (UNITS)129
7.1.1OPERATIONAL DATA129
TABLE 51ELECTRIC COMMERCIAL VEHICLE MODELS, BATTERY TYPE129
7.1.2ASSUMPTIONS130
TABLE 52ASSUMPTIONS: BY BATTERY TYPE130
7.1.3RESEARCH METHODOLOGY130
7.2NICKEL-MANGANESE-COBALT131
7.2.1ADVANCEMENTS IN BATTERY TECHNOLOGY TO BOOST DEMAND FOR
NMC BATTERIES IN ECVS131
TABLE 53NICKEL-MANGANESE-COBALT BATTERIES IN ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018–2021 (UNITS)131
TABLE 54NICKEL-MANGANESE-COBALT BATTERIES IN ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022–2030 (UNITS)131
7.3LITHIUM-IRON-PHOSPHATE132
7.3.1AFFORDABLE PRICES TO DRIVE MARKET FOR LFP BATTERIES132
TABLE 55LITHIUM-IRON-PHOSPHATE BATTERIES IN ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018–2021 (UNITS)132
TABLE 56LITHIUM-IRON-PHOSPHATE BATTERIES IN ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022–2030 (UNITS)132
7.4OTHERS133
7.4.1OEMS AND STARTUPS WORKING ON ALTERNATIVE BATTERIES TO
BOOST MARKET133
TABLE 57OTHER BATTERIES IN ELECTRIC COMMERCIAL VEHICLES MARKET,
BY REGION, 2018–2021 (UNITS)133
TABLE 58OTHER BATTERIES IN ELECTRIC COMMERCIAL VEHICLES MARKET,
BY REGION, 2022–2030 (UNITS)133
7.5SOLID STATE BATTERY134
7.6KEY INDUSTRY INSIGHTS134

8ELECTRIC COMMERCIAL VEHICLES MARKET, BY BATTERY CAPACITY135
8.1INTRODUCTION136
FIGURE 5550-250 KWH SEGMENT TO GROW FASTEST DURING FORECAST PERIOD136
TABLE 59ELECTRIC COMMERCIAL VEHICLES MARKET SIZE, BY BATTERY CAPACITY, 2018–2021 (UNITS)136
TABLE 60ELECTRIC COMMERCIAL VEHICLES MARKET SIZE, BY BATTERY CAPACITY, 2022–2030 (UNITS)137
8.1.1OPERATIONAL DATA137
TABLE 61ELECTRIC COMMERCIAL VEHICLE MODELS, BY BATTERY CAPACITY137
8.1.2ASSUMPTIONS138
TABLE 62ASSUMPTIONS: BY BATTERY CAPACITY138
8.1.3RESEARCH METHODOLOGY138
8.2LESS THAN 50 KWH139
8.2.1GROWING ELECTRIC VAN SALES TO FUEL LESS THAN 50 KWH SEGMENT139
TABLE 63LESS THAN 50 KWH ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018–2021 (UNITS)139
TABLE 64LESS THAN 50 KWH ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022–2030 (UNITS)139
8.350-250 KWH140
8.3.1AFFORDABLE ELECTRIC BUSES AND PICKUP TRUCKS DRIVE 50-250 KWH MARKET IN ASIA PACIFIC140
TABLE 6550-250 KWH ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018–2021 (UNITS)140
TABLE 6650-250 KWH ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022–2030 (UNITS)140
8.4ABOVE 250 KWH141
8.4.1LONG BUSES AND HEAVY-DUTY TRUCKS TO LEAD MARKET141
TABLE 67ABOVE 250 KWH ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018–2021 (UNITS)141
TABLE 68ABOVE 250 KWH ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022–2030 (UNITS)141
8.5KEY INDUSTRY INSIGHTS142
9ELECTRIC COMMERCIAL VEHICLE MARKET, BY COMPONENT143
9.1INTRODUCTION143
9.2BATTERY CELLS AND PACKS143
9.3ONBOARD CHARGER144
9.4MOTOR144
9.5REDUCER144
9.6POWER CONTROL UNIT145
9.7BATTERY MANAGEMENT SYSTEM145
9.8FUEL CELL STACK145
9.9FUEL PROCESSOR146
9.10POWER CONDITIONER146
9.11AIR COMPRESSOR146
9.12HUMIDIFIER146
10ELECTRIC BUS MARKET, BY LENGTH OF BUS147
10.1INTRODUCTION148
FIGURE 569-14 M SEGMENT TO DOMINATE ELECTRIC BUS MARKET IN
FORECAST PERIOD148
TABLE 69ELECTRIC BUS MARKET SIZE, BY LENGTH OF BUS, 2018–2021 (UNITS)149
TABLE 70ELECTRIC BUS MARKET SIZE, BY LENGTH OF BUS, 2022–2030 (UNITS)149
10.1.1OPERATIONAL DATA149
TABLE 71ELECTRIC BUS MODELS, BY LENGTH OF BUS149
10.1.2ASSUMPTIONS: LENGTH OF BUS150
10.1.3RESEARCH METHODOLOGY150
10.2LESS THAN 9M151
10.2.1HIGH DEMAND FOR ELECTRIC BUSES ON NARROW ROADS TO
INCREASE DEMAND151
TABLE 72LESS THAN 9 METERS ELECTRIC BUS MARKET, BY REGION,
2018–2021 (UNITS)151
TABLE 73LESS THAN 9 METERS ELECTRIC BUS MARKET, BY REGION,
2022–2030 (UNITS)151
10.39-14M152
10.3.1HIGH ADOPTION RATE OF ELECTRIC BUSES FOR PUBLIC TRANSPORT FLEET TO DRIVE SEGMENT152
TABLE 749-14 METERS ELECTRIC BUS MARKET, BY REGION, 2018–2021 (UNITS)152
TABLE 759-14 METERS ELECTRIC BUS MARKET, BY REGION, 2022–2030 (UNITS)152
10.4ABOVE 14 M153
10.4.1GROWING DEMAND FOR INTERCITY PUBLIC TRANSPORT IN HIGHLY POPULATED COUNTRIES TO IMPACT ABOVE 14 M BUS SALES153
TABLE 76ABOVE 14 METERS ELECTRIC BUS MARKET, BY REGION, 2018–2021 (UNITS)153
TABLE 77ABOVE 14 METERS ELECTRIC BUS MARKET, BY REGION, 2022–2030 (UNITS)153
10.5KEY INDUSTRY INSIGHTS154
11ELECTRIC COMMERCIAL VEHICLES MARKET, BY PROPULSION155
11.1INTRODUCTION156
FIGURE 57BEV SEGMENT TO DRIVE ELECTRIC COMMERCIAL VEHICLES MARKET IN FORECAST PERIOD156
TABLE 78ELECTRIC COMMERCIAL VEHICLES MARKET SIZE, BY PROPULSION,
2018–2021 (UNITS)157
TABLE 79ELECTRIC COMMERCIAL VEHICLES MARKET SIZE, BY PROPULSION,
2022–2030 (UNITS)157
11.1.1OPERATIONAL DATA157
TABLE 80ELECTRIC COMMERCIAL VEHICLE MODELS, BY PROPULSION TYPE157
11.1.2ASSUMPTIONS158
TABLE 81ASSUMPTIONS: BY PROPULSION158
11.1.3RESEARCH METHODOLOGY159
11.2BATTERY ELECTRIC VEHICLE (BEV)159
11.2.1BEV SEGMENT TO INFLUENCE ECV MARKET DUE TO HIGH BEV BUS
AND VAN SALES159
TABLE 82BEV COMMERCIAL VEHICLES MARKET, BY REGION, 2018–2021 (UNITS)160
TABLE 83BEV COMMERCIAL VEHICLES MARKET, BY REGION, 2022–2030 (UNITS)160
11.3FUEL CELL ELECTRIC VEHICLE (FCEV)160
11.3.1FCEV VANS TO START SELLING FROM AROUND 2023160
TABLE 84FCEV COMMERCIAL VEHICLES MARKET, BY REGION, 2018–2021 (UNITS)161
TABLE 85FCEV COMMERCIAL VEHICLES MARKET, BY REGION, 2022–2030 (UNITS)161
11.4PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV)162
11.4.1ASIA PACIFIC PROJECTED TO BE LARGEST PHEV MARKET162
TABLE 86PHEV COMMERCIAL VEHICLES MARKET, BY REGION, 2018–2021 (UNITS)162
TABLE 87PHEV COMMERCIAL VEHICLES MARKET, BY REGION, 2022–2030 (UNITS)162
11.5KEY INDUSTRY INSIGHTS163
12ELECTRIC COMMERCIAL VEHICLE MARKET, BY POWER OUTPUT164
12.1INTRODUCTION165
FIGURE 58LESS THAN 100 KW SEGMENT TO HAVE HIGHEST DEMAND IN ELECTRIC COMMERCIAL VEHICLE MARKET IN FORECAST PERIOD165
TABLE 88ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, BY POWER OUTPUT,
2018–2021 (UNITS)166
TABLE 89ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, BY POWER OUTPUT,
2022–2030 (UNITS)166
12.1.1OPERATIONAL DATA166
TABLE 90ELECTRIC COMMERCIAL VEHICLE DATA BASED ON POWER OUTPUT166
12.1.2ASSUMPTIONS167
12.1.3RESEARCH METHODOLOGY167
12.2LESS THAN 100 KW168
12.2.1USE OF SMALL ELECTRIC VANS FOR SHIPPING BY LOGISTICS
COMPANIES IN EUROPE168
TABLE 91LESS THAN 100 KW POWER OUTPUT ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018–2021 (UNITS)168
TABLE 92LESS THAN 100 KW POWER OUTPUT ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022–2030 (UNITS)168
12.3100-250 KW169
12.3.1DEVELOPMENT OF BEST-IN-CLASS PICKUP TRUCKS TO LEAD MARKET FOR 100-250 KW POWER OUTPUT169
TABLE 93100-250 KW POWER OUTPUT ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018–2021 (UNITS)169
TABLE 94100-250 KW POWER OUTPUT ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022–2030 (UNITS)169
12.4ABOVE 250 KW170
12.4.1UPCOMING MARKET FOR BEST-IN-CLASS ELECTRIC PICKUPS AND BUSES170
TABLE 95ABOVE 250 KW POWER OUTPUT ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018–2021 (UNITS)170
TABLE 96ABOVE 250 KW POWER OUTPUT ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022–2030 (UNITS)170
12.5KEY INDUSTRY INSIGHTS171
13ELECTRIC COMMERCIAL VEHICLE MARKET, BY RANGE172
13.1INTRODUCTION173
FIGURE 59LESS THAN 150 MILES SEGMENT TO ACQUIRE HIGHEST DEMAND IN ELECTRIC COMMERCIAL VEHICLE MARKET IN FORECAST PERIOD173
TABLE 97ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, BY RANGE,
2018–2021 (UNITS)174
TABLE 98ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, BY RANGE,
2022–2030 (UNITS)174
13.1.1OPERATIONAL DATA174
TABLE 99ELECTRIC COMMERCIAL VEHICLE DATA BASED ON RANGE174
13.1.2ASSUMPTIONS175
13.1.3RESEARCH METHODOLOGY175
13.2LESS THAN 150 MILES176
13.2.1AFFORDABLE ELECTRIC VANS TO DRIVE LESS THAN 150 MILES SEGMENT176
TABLE 100LESS THAN 150 MILES RANGE ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018–2021 (UNITS)176
TABLE 101LESS THAN 150 MILES RANGE ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022–2030 (UNITS)176
13.3150-300 MILES177
13.3.1HIGH ADOPTION RATE OF ELECTRIC BUSES TO BOOST 150-300 MILES ELECTRIC CV MARKET177
TABLE 102150-300 MILES RANGE ELECTRIC COMMERCIAL VEHICLES MARKET,
BY REGION, 2018–2021 (UNITS)177
TABLE 103150-300 MILES RANGE ELECTRIC COMMERCIAL VEHICLES MARKET,
BY REGION, 2022–2030 (UNITS)177
13.4ABOVE 300 MILES178
13.4.1ADVANCEMENTS IN BATTERY TECHNOLOGIES TO DRIVE ABOVE
300 MILES SEGMENT178
TABLE 104ABOVE 300 MILES RANGE ELECTRIC COMMERCIAL VEHICLES MARKET,
BY REGION, 2018–2021 (UNITS)178
TABLE 105ABOVE 300 MILES RANGE ELECTRIC COMMERCIAL VEHICLES MARKET,
BY REGION, 2022–2030 (UNITS)178
13.5KEY INDUSTRY INSIGHTS179
14ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE180
14.1INTRODUCTION181
FIGURE 60ELECTRIC VAN SEGMENT TO BE LARGEST MARKET, BY VEHICLE TYPE,
2022–2030 (UNITS)181
TABLE 106ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, BY VEHICLE TYPE,
2018–2021 (UNITS)182
TABLE 107ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, BY VEHICLE TYPE,
2022–2030 (UNITS)182

14.1.1OPERATIONAL DATA183
TABLE 108ELECTRIC COMMERCIAL VEHICLE DATA BASED ON VEHICLE TYPE183
14.1.2ASSUMPTIONS184
14.1.3RESEARCH METHODOLOGY184
14.2ELECTRIC BUS184
14.2.1ELECTRIC BUS DEMAND TO GROW WITH DEMAND FOR EMISSION-FREE PUBLIC TRANSPORT184
TABLE 109ELECTRIC BUS MARKET, BY REGION, 2018–2021 (UNITS)185
TABLE 110ELECTRIC BUS MARKET, BY REGION, 2022–2030 (UNITS)185
14.3ELECTRIC PICKUP TRUCK185
14.3.1ELECTRIC PICKUP SALES TO GROW WITH BEST-IN-CLASS ELECTRIC
PICKUPS FRO OEMS185
TABLE 111ELECTRIC PICKUP TRUCK MARKET, BY REGION, 2018–2021 (UNITS)186
TABLE 112ELECTRIC PICKUP TRUCK MARKET, BY REGION, 2022–2030 (UNITS)186
14.4ELECTRIC TRUCK186
14.4.1ADVANCEMENTS IN BATTERY TECHNOLOGY TO BOOST ELECTRIC
TRUCK MARKET186
TABLE 113ELECTRIC TRUCK MARKET, BY REGION, 2018–2021 (UNITS)187
TABLE 114ELECTRIC TRUCK MARKET, BY REGION, 2022–2030 (UNITS)187
14.4.2MEDIUM-DUTY AND HEAVY-DUTY TRUCKS187
14.5ELECTRIC VAN188
14.5.1INCREASING DEMAND FROM LOGISTICS PROVIDERS TO DRIVE
ELECTRIC VAN MARKET188
TABLE 115ELECTRIC VAN MARKET, BY REGION, 2018–2021 (UNITS)188
TABLE 116ELECTRIC VAN MARKET, BY REGION, 2022–2030 (UNITS)188
14.6KEY INDUSTRY INSIGHTS189
15ELECTRIC COMMERCIAL VEHICLE MARKET, BY END USER190
15.1INTRODUCTION191
FIGURE 61HIGHER ADOPTION OF ELECTRIC COMMERCIAL VEHICLES FOR LAST
MILE DELIVERY SERVICES TO LEAD MARKET191
TABLE 117ELECTRIC COMMERCIAL VEHICLE MARKET, BY END-USER,
2018–2021 (UNITS)191
TABLE 118ELECTRIC COMMERCIAL VEHICLE MARKET, BY END-USER,
2022–2030 (UNITS)192
15.1.1OPERATIONAL DATA192
TABLE 119END USER BY VEHICLE TYPE192
15.1.2ASSUMPTIONS193
15.1.3RESEARCH METHODOLOGY193
15.2LAST MILE DELIVERY193
15.3FIELD SERVICES194
15.4DISTRIBUTION SERVICE194
15.5LONG HAUL TRANSPORTATION194

15.6REFUSE SERVICE195
15.7KEY INDUSTRY INSIGHTS195
16ELECTRIC TRUCK MARKET, BY TRUCK PAYLOAD CAPACITY196
16.1INTRODUCTION197
FIGURE 62HIGHER ADOPTION OF PICKUP TRUCKS TO COMMAND HIGHER
DEMAND IN UP TO 10,000 LBS SEGMENT197
TABLE 120ELECTRIC TRUCK MARKET, BY TRUCK PAYLOAD CAPACITY,
2018–2021 (UNITS)197
TABLE 121ELECTRIC TRUCK MARKET, BY TRUCK PAYLOAD CAPACITY,
2022–2030 (UNITS)198
16.1.1OPERATIONAL DATA198
TABLE 122ELECTRIC TRUCK DATA BASED ON PAYLOAD CAPACITY198
16.1.2ASSUMPTIONS198
16.1.3RESEARCH METHODOLOGY199
16.2UPTO 10,000 LBS199
16.310,001- 26,000 LBS199
16.426,001 LBS AND ABOVE200
16.5KEY INDUSTRY INSIGHTS200
17ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION201
17.1INTRODUCTION202
FIGURE 63ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2022–2030 (UNITS)203
TABLE 123ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2018–2021 (UNITS)203
TABLE 124ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2022–2030 (UNITS)203
17.2ASIA PACIFIC204
FIGURE 64ASIA PACIFIC: ELECTRIC COMMERCIAL VEHICLE MARKET SNAPSHOT205
TABLE 125ASIA PACIFIC: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2018–2021 (UNITS)205
TABLE 126ASIA PACIFIC: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2022–2030 (UNITS)206
17.2.1CHINA206
17.2.1.1Electric buses to dominate Chinese market206
TABLE 127CHINA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE,
2018–2021 (UNITS)207
TABLE 128CHINA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE,
2022–2030 (UNITS)207
17.2.2JAPAN208
17.2.2.1Renowned OEMs to manufacture advanced electric vans in Japan to speed up ECV adoption208
TABLE 129JAPAN ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE,
2018–2021 (UNITS)208
TABLE 130JAPAN ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE,
2022–2030 (UNITS)208

17.2.3INDIA209
17.2.3.1Indian electric commercial vehicle market to witness rapid growth209
FIGURE 65REGULATIONS AND POSSIBLE IMPACT FOR ECVS IN INDIA209
FIGURE 66INCENTIVE AND REGULATORY LANDSCAPE FOR EVS IN INDIA210
TABLE 131INDIA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE,
2018–2021 (UNITS)211
TABLE 132INDIA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE,
2022–2030 (UNITS)211
17.2.4SOUTH KOREA212
17.2.4.1Explosive growth in demand for electric pickups to lead ECV market in South Korea212
FIGURE 67NEW EV INCENTIVE BUDGET IN SOUTH KOREA212
TABLE 133SOUTH KOREA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS)213
TABLE 134SOUTH KOREA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS)213
17.3EUROPE214
FIGURE 68EUROPE: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY,
2022–2030 (UNITS)215
TABLE 135EUROPE ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY,
2018–2021 (UNITS)216
TABLE 136EUROPE ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY,
2022–2030 (UNITS)216
17.3.1FRANCE217
17.3.1.1Electric van segment to dominate French ECV Market217
TABLE 137FRANCE ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE,
2018–2021 (UNITS)217
TABLE 138FRANCE ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE,
2022–2030 (UNITS)218
17.3.2GERMANY218
17.3.2.1Setup of charging corridors to boost ECV demand in Germany218
FIGURE 69E-HIGHWAY PROJECT IN GERMANY DEVELOPED BY SIEMENS219
TABLE 139GERMANY ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS)220
TABLE 140GERMANY ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS)220
17.3.3SPAIN220
17.3.3.1Government focus on replacing existing bus and van fleets expected to positively impact ECV market in Spain220
TABLE 141SPAIN ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE,
2018–2021 (UNITS)221
TABLE 142SPAIN ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE,
2022–2030 (UNITS)221
17.3.4AUSTRIA221
17.3.4.1Government incentives to push ECV market in Austria221
TABLE 143AUSTRIA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS)222
TABLE 144AUSTRIA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS)222
17.3.5NORWAY222
17.3.5.1Logistics and fleet providers to raise demand in ECV
market in Norway222
TABLE 145NORWAY ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS)223
TABLE 146NORWAY ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS)223
17.3.6SWEDEN224
17.3.6.1Presence of market-leading OEMs and startups to propel electric commercial vehicle market in Sweden224
TABLE 147SWEDEN ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS)224
TABLE 148SWEDEN ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS)225
17.3.7SWITZERLAND225
17.3.7.1Swiss ECV market to grow at fast rate with minimal tax policy
for EV imports225
TABLE 149SWITZERLAND ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS)226
TABLE 150SWITZERLAND ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS)226
17.3.8NETHERLANDS226
17.3.8.1ECV manufacturing OEMs and attractive government to positively influence ECV market in Netherlands226
TABLE 151NETHERLANDS ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS)227
TABLE 152NETHERLANDS ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS)227
17.3.9BELGIUM228
17.3.9.1Higher electric bus and van adoption to speed up market
growth in Belgium228
TABLE 153BELGIUM ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS)228
TABLE 154BELGIUM ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS)228
17.3.10UK229
17.3.10.1Government electrification roadmap to pace shift to electric for commercial vehicles229
FIGURE 70UK EV ROADMAP230
TABLE 155UK ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE,
2018–2021 (UNITS)230
TABLE 156UK ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE,
2022–2030 (UNITS)231
17.3.11ITALY231
17.3.11.1Government incentives to generate higher demand for electric commercial vehicle market in Italy231
TABLE 157ITALY ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE,
2018–2021 (UNITS)231
TABLE 158ITALY ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE,
2022–2030 (UNITS)232
17.3.12DENMARK232
17.3.12.1Favorable government regulations to expand electric commercial vehicle market in Denmark232
TABLE 159DENMARK ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS)232
TABLE 160DENMARK ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS)233
17.3.13PORTUGAL233
17.3.13.1Electric vans sales to lead electric commercial vehicle
market in Portugal233
TABLE 161PORTUGAL ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS)233
TABLE 162PORTUGAL ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS)234
17.3.14IRELAND234
17.3.14.1Favorable policies to support growth of electric commercial
vehicle market234
TABLE 163IRELAND ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS)234
TABLE 164IRELAND ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022–2030 (UNITS)235
17.4NORTH AMERICA236
FIGURE 71NORTH AMERICA EV BATTERY INITIATIVES236
FIGURE 72NORTH AMERICA: ELECTRIC COMMERCIAL VEHICLE MARKET SNAPSHOT237
TABLE 165NORTH AMERICA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2018–2021 (UNITS)237
TABLE 166NORTH AMERICA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2022–2030 (UNITS)238
17.4.1US238
17.4.1.1Electric pick-up truck segment to accelerate electric commercial vehicle market in US238
TABLE 167US ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE,
2018–2021 (UNITS)239
TABLE 168US ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE,
2022–2030 (UNITS)239
17.4.2CANADA240
17.4.2.1Electric

Report Title: 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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