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Growing Demand for Reduction In Automotive Emission Is Expected to Boost the Electric Commercial Vehicle Market

The market share for bus in electric commercial vehicle market is estimated to be the highest in 2017 and is projected to remain predominant during the forecast period. The share, in terms of volume, of bus in electric commercial vehicle market is estimated to be the highest followed by the share of van, pick-up truck, and truck. Countries such as China and US have witnessed significant sales of electric bus bus due to rapid economic growth and favorable government policies to curb down emission.

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Growing Demand for Reduction In Automotive Emission Is Expected to Boost the Electric Commercial Vehicle Market

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  1. Electric Commercial Vehicle Market by Propulsion (BEV, HEV, PHEV & FCEV), Vehicle Type (Bus, Truck, Pick-Up Truck and Van), Component, Range, Autonomous Vehicle, Charging Infrastructure, and Region - Global Forecast to 2025 www.MarketsandMarkets.com

  2. Bus is estimated to hold the largest market share in terms of volume during the forecast period The market share for bus in electric commercial vehicle market is estimated to be the highest in 2017 and is projected to remain predominant during the forecast period. The share, in terms of volume, of bus in electric commercial vehicle market is estimated to be the highest followed by the share of van, pick-up truck, and truck. Countries such as China and US have witnessed significant sales of electric bus bus due to rapid economic growth and favorable government policies to curb down emission. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=16430819

  3. Battery Electric Vehicle (BEV) segment of the electric commercial vehicle market is estimated to be the largest segment by propulsion from 2017 to 2025 BEV is expected to be the largest segment, by propulsion, of the electric commercial vehiclemarket, as BEV finds great application in electric commercial vehicles such as buses and vans. The growth of BEV in electric commercial vehicle market is mainly due to two factors—advancement in battery capacity which fulfills the power requirement in electric commercial vehicle and the decrease of the price of EV battery. The price of EV battery is expected to reach US$ 109/kWh in few years. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=16430819

  4. The market is segmented by propulsion system, vehicle type, components, range, charging infrastructure, autonomous vehicle, and region. The report discusses four propulsion systems of electric commercial vehicle, namely, battery electric vehicle (BEV), hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV), fuel cell electric vehicle (FCEV). BEV accounts for the largest market share in the electric commercial vehicle market, by propulsion, and is estimated to grow with the highest CAGR during the forecast period because of its wide application in several types of vehicles. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=16430819

  5. Asia Pacific: the largest market for electric commercial vehicle Asia Pacific is projected to be the largest market for electric commercial vehicles from 2017 to 2025. The market growth, in terms of volume, in the region can be attributed to numerous factors such as adoption of more electric buses, government policies to restrict urban pollution, engagement of OEMs to develop electric vehicles of different propulsion system.   Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=16430819

  6. Market Ecosystem: The ecosystem of the Electric Commercial Vehicle Market consists of manufacturers such as Daimler (Germany), Tesla (US), BYD (China), NISSAN (Japan), Proterra (US) and nstitutes such as Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (EAMA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA). Buy Now: https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=16430819

  7. Browse >> 63market data tables 56figures 164 pagesand in-depth TOC "Electric Commercial Vehicle Market by Propulsion (BEV, HEV, PHEV & FCEV), Vehicle Type (Bus, Truck, Pick-Up Truck and Van), Component, Range, Autonomous Vehicle, Charging Infrastructure, and Region - Global Forecast to 2025“ Early buyers will receive 10% customization on this report. This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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