Electric Commercial Vehicles Market: Size, Share, Growth, Analysis And Demand Forecast Till 2025

1. Global Electric Commercial Vehicles Market Report 2019-2025: Top Companies, Trends and Growth Factors, Global Market Status, Driving Factor Analysis, Competition Status According to a new market report published by BlueWeave Consulting The Global 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. Electric Commercial Vehicles Market: Scope of the Report The electric commercial vehicle market can be segmented on the basis propulsion type, vehicle type, component, and region. Based on propulsion type, the global electric commercial vehicle market is classified into battery electric vehicle (BEV), hybrid electric vehicle (HEV), Plug-in hybrid electric vehicles (PHEV) and fuel cell electric vehicle (FCEV). The battery electric vehicle segment dominates the market due to government initiatives to promote green transportation across the globe. Battery electric buses require less fuel and maintenance. Hybrid electric buses require conventional fuel along with electric prolusion system to operate. These hybrid vehicles require large batteries and motors to meet its power requirement, which makes hybrid commercial vehicles costlier. Based on electric vehicle type, the global electric commercial vehicle market can be fragmented into bus, truck, vans and others. On the basis of components, the electric commercial vehicle market can be segmented into motors, electric batteries, and others. Request https://www.blueweaveconsulting.com/electric-commercial-vehicles- market/#1536302097117-445b2636-73fe for PDF Sample of this Market Research Report@ The Asia Pacific is expected to lead the global electric commercial vehicle market during the forecast period On the basis of region, the electric commercial vehicle market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific accounts for a major share of the global electric commercial vehicle market. China dominated the 1

2. electric commercial vehicle market. China is electrifying their fleets as the country has the world’s worst pollution problem. Countries such as Japan and South Korea are investing in the development of electric vehicles and charging stations and creating awareness regarding the benefits related to electric commercial vehicles. The Asia Pacific region is estimated to hold the largest volume share of global electric commercial vehicle market in year 2017. The segment is estimated to grow with a significant CAGR in the forecast period. The high adoption of electric buses to curb pollution and the subsequent increase in sales of electric commercial vehicles such as buses are expected to fuel electric commercial vehicle market in the Asia Pacific region. Global Electric Commercial Vehicles Market: Competitive Dynamics The research study includes profiles of leading companies operating in the global electric commercial vehicles market. Some of the key players profiled in the report include Daimler (Germany), Tesla (US), BYD (China), NISSAN (Japan), Proterra (US), Toyota, BYD Company Limited, ZHONGTONGBUS Bus Holding Co., Ltd, ABB group etc. Global Electric Commercial Vehicles Market, by Propulsion     BEV HEV PHEV FCEV Global Electric Commercial Vehicles Market, by Vehicle Type     Bus Truck Van Others Global Electric Commercial Vehicles Market, by Component    Motor Battery Others Global Electric Commercial Vehicles Market, by Geography North America    U.S. Canada Rest of North America 2

3. Europe         Germany Italy Finland Denmark Norway France U.K. Rest Of Europe Asia Pacific (APAC)     India China Japan Rest of APAC Middle East & Africa (MEA)     GCC South Africa North Africa Rest Of Middle East & Africa Latin America     Brazil Argentina Mexico Rest of Latin America Detailed https://www.blueweaveconsulting.com/electric-commercial-vehicles- market/#1536301857979-e3fc3c18-41a6 Analysis of Table of Contents@ About BlueWeave Consulting & Research Pvt Ltd. (BWC) BlueWeave Consulting provides a full scope of business intelligence solution for solving your toughest challenges. BWC is an emerging global expert & pioneer in the market research and provision of exclusive market INTEL. We optimize your decision making by equipping your industry with an accurate & better market research according to your industry demands through our professionally designed qualitative & quantitative research methods. Our trendy & efficient sample collection methods, integrated data solutions as well as methodologies certainly make us a better partner that you can rely on. With collective 3

4. experience in the varied fields of retail, market research and reporting, we provide the business insight and business practices that would give the required impetus for your company’s growth. Contact Us: info@blueweaveconsulting.com https://www.blueweaveconsulting.com Global Contact: +1 866 658 6826 4