The global Electric Commercial Vehicle Market is forecasted to be worth USD 339.78 Billion by 2027, according to a current analysis by Emergen Research. The current developments in the technology of electric vehicles have provided an opportunity for its growth to revolutionize the commercial transportation sector. The electric commercial vehicles are projected to approach cost-competitiveness with conventional vehicles, owing to the reduction in battery costs and increased production volumes during the forecast years.
The study relies heavily on both qualitative and
quantitative to generate, interpret and analyze raw data about the target
market, product or services offered and prominent market players operating in
the Electric Commercial Vehicle market for the forecast period, 2020 - 2027.
Electric
Commercial Vehicle Market Key Highlights From The Report
There is a growing demand for Electric Vehicle Battery
systems and emission control systems due to the growing concern regarding the
increasing pollution levels and the adverse effects of climate change. Hybrid
systems of standard motors and Electric Vehicle Batteries are used by most
hybrid vehicles.
Battery electric vehicles (BEV) store electricity onboard
with high-capacity battery packs. BEVs do not release any harmful emissions
caused by traditional gasoline-powered vehicles. Battery Electric Vehicles are
charged by electricity from an external source.
The government is focusing on introducing an electric
vehicle for public transportation. Several cities are running a fleet of
electric buses to reduce the pollution level, and these vehicles also provide
tremor free transportation, which improves customer satisfaction.
North America accounted for a significant market share of
the Electric Commercial Vehicle Market in 2019. The market is projected to see
substantial growth owing to its huge implementation in various areas verticals,
especially in the North American region.
Key participants include Yutong, BYD, VDL Groep, Proterra,
AB Volvo, NFI Group, Daimler AG, King Long, Ebusco B.V., and Ankai, among
others.
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Electric
Commercial Vehicle Market Component Outlook (Revenue, USD Billion; 2017-2027)
Electric Motor
Electric Vehicle Battery
Hydrogen Fuel Cell
Propulsion
Type Outlook (Revenue, USD Billion; 2017-2027)
BEV
PHEV
FCEV
Vehicle
Type Outlook (Revenue, USD Billion; 2017-2027)
Electric Bus
Electric Truck (Medium and Heavy Duty Trucks)
Electric Pick-up Truck
Electric Van
Battery
Type Outlook (Revenue, USD Billion; 2017-2027)
Lithium-iron-phosphate (LFP)
Lithium-nickel-manganese-cobalt oxide (NMC)
Others
Range
Outlook (Revenue, USD Billion; 2017-2027)
less than 150 Miles
150-300 Miles
Above 300 Miles
Electric
Commercial Vehicle Market End-User Outlook (Revenue, USD Billion; 2017-2027)
Last-Mile Delivery
Distribution Service
Field Service
Refuse Service
Long Haul Transportation
Table
of Content
Chapter 1. Methodology & Sources
1.1. Electric
Commercial Vehicle Market Definition
1.2. Electric
Commercial Vehicle Market Research Scope
1.3. Electric
Commercial Vehicle Market Methodology
1.4. Research
Sources
1.4.1.
Primary
1.4.2.
Secondary
1.4.3. Paid
Sources
1.5. Market
Estimation Technique
Chapter 2. Executive Summary
2.1. Summary
Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Electric Commercial Vehicle Market Segmentation
& Impact Analysis
4.1. Electric
Commercial Vehicle Market Material Segmentation Analysis
4.2. Industrial
Outlook
4.2.1.
Market indicators analysis
4.2.2.
Market drivers analysis
4.2.2.1. Increasing demand for emission-free commercial vehicles
4.2.2.2. Government support for electric commercial vehicles
4.2.3. Market
restraints analysis
4.2.3.1. High development cost
4.3. Technological
Insights
4.4. Regulatory
Framework
4.5. Porter’s Five
Forces Analysis
4.6. Competitive
Metric Space Analysis
4.7. Price trend
Analysis
4.8. Covid-19
Impact Analysis
Continued…
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