1	INTRODUCTION	27
1.1	STUDY OBJECTIVES	27
1.2	MARKET DEFINITION	28
TABLE 1	MARKET DEFINITION, BY PROPULSION	28
TABLE 2	MARKET DEFINITION, BY END USE	28
TABLE 3	MARKET DEFINITION, BY BATTERY TYPE	28
TABLE 4	MARKET DEFINITION, BY VEHICLE TYPE	29
TABLE 5	MARKET DEFINITION, BY COMPONENT	30
1.2.1	INCLUSIONS AND EXCLUSIONS	31
TABLE 6	INCLUSIONS AND EXCLUSIONS	31
1.3	STUDY SCOPE	33
FIGURE 1	ELECTRIC COMMERCIAL VEHICLE MARKET SEGMENTATION	33
1.3.1	REGIONS COVERED	34
1.3.2	YEARS CONSIDERED	34
1.4	CURRENCY CONSIDERED	35
TABLE 7	USD EXCHANGE RATES	35
1.5	STAKEHOLDERS	35
1.6	SUMMARY OF CHANGES	36
2	RESEARCH METHODOLOGY	37
2.1	RESEARCH DATA	37
FIGURE 2	RESEARCH DESIGN	37
FIGURE 3	RESEARCH DESIGN MODEL	38
2.1.1	SECONDARY DATA	39
2.1.1.1	Key data from secondary sources	39
2.1.1.2	List of secondary sources	40
2.1.2	PRIMARY DATA	41
2.1.2.1	Breakdown of primary interviews	41
2.1.2.2	List of primary interview participants	42
2.2	MARKET SIZE ESTIMATION	42
2.2.1	RECESSION IMPACT ANALYSIS	43
2.2.2	BOTTOM-UP APPROACH	43
FIGURE 4	BOTTOM-UP APPROACH	44
2.2.3	TOP-DOWN APPROACH	44
FIGURE 5	TOP-DOWN APPROACH	44
FIGURE 6	RESEARCH APPROACH	45
FIGURE 7	ELECTRIC COMMERCIAL VEHICLE MARKET ESTIMATION NOTES	45
 
2.3	DATA TRIANGULATION	46
FIGURE 8	DATA TRIANGULATION	46
2.4	FACTOR ANALYSIS	47
2.4.1	FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES	48
2.5	RESEARCH ASSUMPTIONS	49
2.6	RESEARCH LIMITATIONS	50
3	EXECUTIVE SUMMARY	51
FIGURE 9	ELECTRIC COMMERCIAL VEHICLE MARKET OVERVIEW	52
FIGURE 10	ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024 VS. 2030 (USD MILLION)	53
FIGURE 11	ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024 VS. 2030 (USD MILLION)	54
FIGURE 12	KEY PLAYERS IN ELECTRIC COMMERCIAL VEHICLE MARKET	55
4	PREMIUM INSIGHTS	56
4.1	ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELECTRIC COMMERCIAL VEHICLE MARKET	56
FIGURE 13	INCREASING ADOPTION OF ZERO-EMISSION VEHICLES TO DRIVE MARKET	56
4.2	ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE	56
FIGURE 14	BUSES & COACHES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD	56
4.3	ELECTRIC COMMERCIAL VEHICLE MARKET, BY PROPULSION	57
FIGURE 15	BATTERY ELECTRIC VEHICLES SEGMENT TO DOMINATE DURING FORECAST PERIOD	57
4.4	ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY TYPE	57
FIGURE 16	NMC BATTERIES SEGMENT TO HAVE LARGEST MARKET SHARE DURING FORECAST PERIOD	57
4.5	ELECTRIC COMMERCIAL VEHICLE MARKET, BY RANGE	58
FIGURE 17	LESS THAN 150 MILES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD	58
4.6	ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY CAPACITY	58
FIGURE 18	501-1,000 KWH SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD	58
4.7	ELECTRIC COMMERCIAL VEHICLE MARKET, BY POWER OUTPUT	59
FIGURE 19	ABOVE 250 KW SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD	59
4.8	ELECTRIC COMMERCIAL VEHICLE MARKET, BY END USE	59
FIGURE 20	LONG-HAUL TRANSPORTATION SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD	59
4.9	ELECTRIC COMMERCIAL VEHICLE MARKET, BY BODY CONSTRUCTION	60
FIGURE 21	INTEGRATED SEGMENT TO DISPLAY HIGHEST CAGR DURING FORECAST PERIOD	60
4.10	ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION	60
FIGURE 22	ASIA PACIFIC TO LEAD MARKET DURING FORECAST PERIOD	60
 
5	MARKET OVERVIEW	61
5.1	INTRODUCTION	61
5.2	MARKET DYNAMICS	62
FIGURE 23	ELECTRIC COMMERCIAL VEHICLE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES	62
5.2.1	DRIVERS	62
5.2.1.1	Decreasing cost of EV batteries	62
FIGURE 24	EV BATTERY PRICING, 2019–2025	63
5.2.1.2	Rising fossil fuel prices	64
FIGURE 25	AVERAGE GLOBAL PETROL PRICES 2001 VS. 2011 VS. 2023	64
FIGURE 26	OPERATING COST COMPARISON OF EVS AND ICE VEHICLES	65
5.2.1.3	Increasing demand for emission-free electric commercial vehicles in logistics industry	65
FIGURE 27	LIFE-CYCLE GHG EMISSIONS FOR 40-TON TRACTOR TRAILERS, 2021 VS. 2030 SCENARIOS	66
TABLE 8	PURCHASE ORDER/SUPPLY CONTRACT FOR ELECTRIC COMMERCIAL VEHICLES	66
5.2.1.4	Government initiatives promoting electric commercial vehicle adoption	67
TABLE 9	GOVERNMENT PROGRAMS FOR ELECTRIC COMMERCIAL VEHICLE SALES	67
TABLE 10	ZERO-EMISSION LIGHT-DUTY VEHICLE POLICIES AND INCENTIVES IN SELECTED COUNTRIES	68
FIGURE 28	GLOBAL REGULATORY COMPARISON FOR ELECTRIC VEHICLES AND CHARGERS	69
FIGURE 29	GLOBAL ELECTRIFICATION TARGETS	69
5.2.2	RESTRAINTS	70
5.2.2.1	High development costs	70
5.2.2.2	Concerns over battery safety	70
FIGURE 30	BATTERY SAFETY ARCHITECTURE	71
5.2.2.3	Insufficient EV charging infrastructure	71
TABLE 11	EV CHARGER DENSITY, 2022	72
FIGURE 31	PRIVATE, SEMI-PUBLIC, AND PUBLIC CHARGING OWNERSHIP	72
5.2.3	OPPORTUNITIES	73
5.2.3.1	New revenue pockets in North America and Northern Europe	73
TABLE 12	ELECTRIC COMMERCIAL VEHICLE MODELS, BY COUNTRY	73
5.2.3.2	Development of wireless EV charging technology for on-the-go charging	74
FIGURE 32	FUNCTIONING OF WIRELESSLY CHARGED ELECTRIC BUSES	75
5.2.4	CHALLENGES	75
5.2.4.1	Limited battery capacity	75
TABLE 13	BATTERY CAPACITIES OF POPULAR ELECTRIC BUSES	76
FIGURE 33	TIME REQUIRED FOR DIFFERENT CHARGING TYPES	76
5.2.4.2	Low availability of lithium for EV batteries	77
FIGURE 34	GROWING DEMAND FOR LITHIUM-ION BATTERIES, 2010–2030	77
5.2.4.3	Insufficient grid infrastructure	77
FIGURE 35	GRID REQUIREMENT FOR ELECTRIC VEHICLES IN GERMANY	78
5.3	PRICING ANALYSIS	78
5.3.1	AVERAGE SELLING PRICE TREND, BY VEHICLE TYPE	78
TABLE 14	ELECTRIC VANS: AVERAGE PRICE (USD), 2023	78
TABLE 15	ELECTRIC PICKUP TRUCKS: AVERAGE PRICE (USD), 2023	79
TABLE 16	ELECTRIC TRUCKS: AVERAGE PRICE (USD), 2023	79
TABLE 17	ELECTRIC BUSES: AVERAGE PRICE (USD), 2023	80
5.3.2	PRICING ANALYSIS, BY REGION	80
FIGURE 36	PRICING ANALYSIS, BY REGION	80
TABLE 18	ELECTRIC TRUCKS: AVERAGE PRICE COMPARISON, BY CLASS	81
5.4	POTENTIAL ELECTRIC COMMERCIAL VEHICLE LAUNCHES BY OEMS	81
TABLE 19	UPCOMING ELECTRIC COMMERCIAL VEHICLES, 2024–2026	81
5.5	BILL OF MATERIALS	82
FIGURE 37	BILL OF MATERIALS: ELECTRIC LIGHT COMMERCIAL VEHICLES (USD)	82
FIGURE 38	BILL OF MATERIALS: BATTERY VS. NON-BATTERY COMPONENTS (USD)	83
FIGURE 39	BILL OF MATERIALS: ELECTRIC BUS MARKET (USD)	84
5.6	OEM SOURCING STRATEGIES	85
5.6.1	SOURCING STRATEGIES BY ELECTRIC COMMERCIAL VEHICLE OEMS	85
FIGURE 40	OEM SOURCING STRATEGIES	85
5.6.2	OEM MOTOR RATING ANALYSIS, BY RANGE	86
FIGURE 41	ELECTRIC COMMERCIAL VEHICLE MARKET, BY POWER RANGE (KW)	86
5.6.3	COMPETITIVE MARKET ASSESSMENT, BY PAYLOAD CAPACITY	87
FIGURE 42	MARKET COMPETITIVE ASSESSMENT, BY PAYLOAD CAPACITY	87
FIGURE 43	CARGO DELIVERY VS. PAYLOAD CAPACITY	87
5.7	SUPPLY CHAIN ANALYSIS	88
FIGURE 44	SUPPLY CHAIN ANALYSIS	88
5.8	ECOSYSTEM MAPPING	88
FIGURE 45	ELECTRIC COMMERCIAL VEHICLE MARKET ECOSYSTEM	89
FIGURE 46	ELECTRIC COMMERCIAL VEHICLE MARKET ECOSYSTEM MAP	89
5.8.1	EV CHARGING INFRASTRUCTURE PROVIDERS	90
5.8.2	COMPONENT MANUFACTURERS	90
5.8.3	TIER II SUPPLIERS	90
5.8.4	TIER I SUPPLIERS	90
5.8.5	RAW MATERIAL SUPPLIERS	90
5.8.6	OEMS	90
TABLE 20	ROLE OF COMPANIES IN ELECTRIC COMMERCIAL VEHICLE MARKET ECOSYSTEM	91
5.9	TOTAL COST OF OWNERSHIP	93
TABLE 21	TOTAL COST OF OWNERSHIP, VEHICLE TYPE	93
5.9.1	TOTAL COST OF OWNERSHIP: DIESEL VS. ELECTRIC BUSES	93
FIGURE 47	COMPARISON OF TOTAL COST OF OWNERSHIP: 12 M ELECTRIC BUSES VS. 12 M DIESEL BUSES	93
FIGURE 48	TOTAL COST OF OWNERSHIP: FORD ELECTRIC TRANSIT VS. ICE TRANSIT 3.5 TONS MODELS	94
5.10	INSIGHTS ON ELECTRIC COMMERCIAL VEHICLES	94
5.10.1	RANGE/BATTERY CAPACITY	94
TABLE 22	ELECTRIC COMMERCIAL VEHICLES: RANGE VS. BATTERY CAPACITY	94
5.10.2	RANGE/END USE	95
TABLE 23	ELECTRIC COMMERCIAL VEHICLES: RANGE VS. END USE	95
5.10.3	BATTERY CAPACITY/END USE	95
TABLE 24	ELECTRIC COMMERCIAL VEHICLES: BATTERY CAPACITY VS. END USE	95
5.10.4	POWER/CHARGING DURATION	96
TABLE 25	ELECTRIC COMMERCIAL VEHICLES: POWER VS. CHARGING DURATION	96
5.11	CASE STUDY ANALYSIS	97
5.11.1	ASSESSMENT OF INVESTMENT IN ELECTRIC BUSES	97
5.11.2	USER EXPERIENCE OF BATTERY-ELECTRIC TRUCKS IN NORWAY	97
5.11.3	ELECTRIC VEHICLE FLEETS FOR PUBLIC SECTOR IN VERMONT	98
5.12	INVESTMENT AND FUNDING SCENARIO	99
FIGURE 49	INVESTMENT AND FUNDING, 2021–2024	99
TABLE 26	LIST OF FUNDING, 2021–2023	99
5.13	PATENT ANALYSIS	100
5.13.1	INTRODUCTION	100
FIGURE 50	TRENDS OF PATENTS RECORDED, 2012–2023	100
5.13.2	LEGAL STATUS OF PATENTS, 2012–2023	101
FIGURE 51	LEGAL STATUS OF PATENTS, 2012–2023	101
5.13.3	TOP PATENT APPLICANTS, 2012–2023	101
FIGURE 52	TOP PATENT APPLICANTS, 2012–2023	101
TABLE 27	PATENT REGISTRATIONS RELATED TO ELECTRIC COMMERCIAL VEHICLE MARKET, 2021–2023	102
5.14	TECHNOLOGY ANALYSIS	104
5.14.1	FUTURE TECHNOLOGY OVERVIEW	105
FIGURE 53	ELECTRIC COMMERCIAL VEHICLE MARKET: FUTURE TECHNOLOGY OVERVIEW OF ELECTRICAL COMMERCIAL BUSES	105
5.14.2	OFFBOARD TOP-DOWN PANTOGRAPH CHARGING SYSTEMS	106
5.14.3	ONBOARD BOTTOM-UP PANTOGRAPH CHARGING SYSTEMS	106
5.14.4	GROUND-BASED STATIC/DYNAMIC WIRELESS CHARGING SYSTEMS	106
5.14.5	PACKAGED FUEL CELL SYSTEM MODULES	106
FIGURE 54	PACKAGED FUEL CELL SYSTEM MODULE OF TOYOTA	107
5.14.6	METHANE FUEL CELLS	107
5.14.7	SMART CHARGING SYSTEMS	107
FIGURE 55	SMART EV CHARGING SYSTEM	108
5.14.8	IOT IN ELECTRIC VEHICLES	108
5.14.9	SOLID-STATE BATTERIES	108
5.15	TRADE ANALYSIS	109
TABLE 28	IMPORT DATA FOR PRODUCTS UNDER HS CODE 8702, BY KEY COUNTRY, 2022 (USD MILLION)	109
TABLE 29	EXPORT DATA FOR PRODUCTS UNDER HS CODE 8702, BY KEY COUNTRY, 2022 (USD MILLION)	110
5.16	REGULATORY LANDSCAPE	110
5.16.1	COUNTRY-WISE REGULATIONS	110
5.16.1.1	Netherlands	110
TABLE 30	NETHERLANDS: ELECTRIC VEHICLE INCENTIVES	111
TABLE 31	NETHERLANDS: EV CHARGING STATION INCENTIVES	111
5.16.1.2	Germany	111
TABLE 32	GERMANY: ELECTRIC VEHICLE INCENTIVES	112
TABLE 33	GERMANY: EV CHARGING STATION INCENTIVES	112
5.16.1.3	France	112
TABLE 34	FRANCE: ELECTRIC VEHICLE INCENTIVES	112
TABLE 35	FRANCE: EV CHARGING STATION INCENTIVES	113
5.16.1.4	UK	113
TABLE 36	UK: ELECTRIC VEHICLE INCENTIVES	113
TABLE 37	UK: EV CHARGING STATION INCENTIVES	114
5.16.1.5	China	114
TABLE 38	CHINA: ELECTRIC VEHICLE INCENTIVES	114
TABLE 39	CHINA: EV CHARGING STATION INCENTIVES	114
5.16.1.6	US	114
TABLE 40	US: ELECTRIC VEHICLE INCENTIVES	115
TABLE 41	US: EV CHARGING STATION INCENTIVES	115
5.16.2	REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	115
TABLE 42	ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	115
TABLE 43	NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	116
TABLE 44	EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	118
TABLE 45	REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	119
5.17	KEY CONFERENCES AND EVENTS	119
TABLE 46	LIST OF KEY CONFERENCES AND EVENTS IN 2024	119
5.18	KEY STAKEHOLDERS AND BUYING CRITERIA	120
5.18.1	KEY STAKEHOLDERS IN BUYING PROCESS	120
TABLE 47	INFLUENCE OF INSTITUTIONAL BUYERS ON BUYING PROCESS FOR ELECTRIC COMMERCIAL VEHICLES	120
5.18.2	BUYING CRITERIA	120
FIGURE 56	KEY BUYING CRITERIA BY VEHICLE TYPES	121
5.19	TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS	121
FIGURE 57	REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN ELECTRIC COMMERCIAL VEHICLE MARKET	121
6	ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE	123
6.1	INTRODUCTION	124
FIGURE 58	ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024 VS. 2030 (USD MILLION)	124
TABLE 48	ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (UNITS)	124
TABLE 49	ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS)	125
TABLE 50	ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)	125
TABLE 51	ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)	125
6.1.1	OPERATIONAL DATA	126
TABLE 52	ELECTRIC COMMERCIAL VEHICLE, BY VEHICLE TYPE	126
6.2	PICKUP TRUCKS	127
6.2.1	INCREASED OFFERINGS FROM OEMS TO DRIVE MARKET	127
TABLE 53	PICKUP TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (UNITS)	127
TABLE 54	PICKUP TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (UNITS)	127
TABLE 55	PICKUP TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (USD MILLION)	128
TABLE 56	PICKUP TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (USD MILLION)	128
6.3	TRUCKS	128
6.3.1	DEVELOPMENT OF ELECTRIC TRUCKS BY AUTOMOTIVE OEMS TO DRIVE MARKET	128
TABLE 57	TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (UNITS)	129
TABLE 58	TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (UNITS)	129
TABLE 59	TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (USD MILLION)	129
TABLE 60	TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (USD MILLION)	129
6.3.1.1	Medium-duty trucks	130
TABLE 61	MEDIUM-DUTY TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (UNITS)	130
TABLE 62	MEDIUM-DUTY TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (UNITS)	130
TABLE 63	MEDIUM-DUTY TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (USD MILLION)	131
TABLE 64	MEDIUM-DUTY TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (USD MILLION)	131
6.3.1.2	Heavy-duty trucks	131
TABLE 65	HEAVY-DUTY TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (UNITS)	132
TABLE 66	HEAVY-DUTY TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (UNITS)	132
TABLE 67	HEAVY-DUTY TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (USD MILLION)	132
TABLE 68	HEAVY-DUTY TRUCKS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (USD MILLION)	132
6.4	VANS	133
6.4.1	BOOMING LOGISTICS INDUSTRY TO DRIVE MARKET	133
TABLE 69	VANS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (UNITS)	133
TABLE 70	VANS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (UNITS)	133
TABLE 71	VANS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (USD MILLION)	134
TABLE 72	VANS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (USD MILLION)	134
6.4.1.1	Light vans	134
TABLE 73	LIGHT VANS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (UNITS)	134
TABLE 74	LIGHT VANS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (UNITS)	135
TABLE 75	LIGHT VANS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (USD MILLION)	135
TABLE 76	LIGHT VANS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (USD MILLION)	135
6.4.1.2	Full-size vans	135
TABLE 77	FULL-SIZE VANS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (UNITS)	136
TABLE 78	FULL-SIZE VANS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (UNITS)	136
TABLE 79	FULL-SIZE VANS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (USD MILLION)	136
TABLE 80	FULL-SIZE VANS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (USD MILLION)	136
6.5	BUSES & COACHES	137
6.5.1	GROWING DEMAND FOR EMISSION-FREE PUBLIC TRANSPORT TO DRIVE MARKET	137
TABLE 81	BUSES & COACHES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (UNITS)	137
TABLE 82	BUSES & COACHES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (UNITS)	138
TABLE 83	BUSES & COACHES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (USD MILLION)	138
TABLE 84	BUSES & COACHES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (USD MILLION)	138
6.6	KEY INDUSTRY INSIGHTS	139
 
7	ELECTRIC COMMERCIAL VEHICLE MARKET, BY PROPULSION	140
7.1	INTRODUCTION	141
FIGURE 59	ELECTRIC COMMERCIAL VEHICLE MARKET, BY PROPULSION, 2024 VS. 2030 (THOUSAND UNITS)	141
TABLE 85	ELECTRIC COMMERCIAL VEHICLE MARKET, BY PROPULSION, 2019–2023 (UNITS)	141
TABLE 86	ELECTRIC COMMERCIAL VEHICLE MARKET, BY PROPULSION, 2024–2030 (UNITS)	142
7.1.1	OPERATIONAL DATA	142
TABLE 87	ELECTRIC COMMERCIAL VEHICLE MODELS, BY PROPULSION TYPE	142
7.2	BEVS	143
7.2.1	ADVANCEMENTS IN BATTERY TECHNOLOGY TO DRIVE MARKET	143
TABLE 88	BEVS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (UNITS)	144
TABLE 89	BEVS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (UNITS)	144
7.3	FCEVS	144
7.3.1	ONGOING DEVELOPMENTS BY OEMS TO DRIVE MARKET	144
TABLE 90	FCEVS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (UNITS)	145
TABLE 91	FCEVS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (UNITS)	145
7.4	KEY INDUSTRY INSIGHTS	145
8	ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY TYPE	146
8.1	INTRODUCTION	147
FIGURE 60	ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY TYPE, 2024–2030 (THOUSAND UNITS)	147
TABLE 92	ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY TYPE, 2019–2023 (UNITS)	147
TABLE 93	ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY TYPE, 2024–2030 (UNITS)	148
8.2	NMC BATTERIES	148
8.2.1	HIGH DENSITY AND COMPACT SIZE TO DRIVE MARKET	148
TABLE 94	NMC BATTERIES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (UNITS)	148
TABLE 95	NMC BATTERIES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (UNITS)	149
8.3	LFP BATTERIES	149
8.3.1	AFFORDABILITY AND SUPERIOR SAFETY TO DRIVE MARKET	149
TABLE 96	ELECTRIC COMMERCIAL VEHICLE MODELS WITH LITHIUM-ION BATTERIES	150
TABLE 97	LFP BATTERIES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (UNITS)	150
TABLE 98	LFP BATTERIES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (UNITS)	150
 
8.4	SOLID-STATE BATTERIES	151
8.4.1	FAST RECHARGING CAPABILITIES TO DRIVE MARKET	151
TABLE 99	SOLID-STATE BATTERIES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (UNITS)	151
TABLE 100	SOLID-STATE BATTERIES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (UNITS)	151
8.5	OTHERS	152
TABLE 101	OTHERS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (UNITS)	152
TABLE 102	OTHERS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (UNITS)	152
8.6	KEY INDUSTRY INSIGHTS	152
9	ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY CAPACITY	153
9.1	INTRODUCTION	154
FIGURE 61	ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY CAPACITY, 2024 VS. 2030 (THOUSAND UNITS)	154
TABLE 103	ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY CAPACITY, 2019–2023 (UNITS)	155
TABLE 104	ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY CAPACITY, 2024–2030 (UNITS)	155
9.2	LESS THAN 60 KWH	156
9.2.1	INCREASING ADOPTION OF COMPACT ELECTRIC VANS FOR LOCAL TRANSPORTATION TO DRIVE MARKET	156
TABLE 105	LESS THAN 60 KWH: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (UNITS)	156
TABLE 106	LESS THAN 60 KWH: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (UNITS)	156
9.3	60–120 KWH	157
9.3.1	NORTH AMERICAN GOVERNMENT POLICIES FOR ELECTRIFICATION OF TRANSPORTATION TO DRIVE MARKET	157
TABLE 107	60–120 KWH: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (UNITS)	157
TABLE 108	60–120 KWH: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (UNITS)	157
9.4	121–200 KWH	158
9.4.1	RISING ADOPTION OF ELECTRIFICATION IN TRANSPORT SECTOR TO DRIVE MARKET	158
TABLE 109	121–200 KWH: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (UNITS)	158
TABLE 110	121–200 KWH: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (UNITS)	158
9.5	201–300 KWH	159
9.5.1	IMPROVED DRIVING RANGE TO FUEL MARKET GROWTH	159
TABLE 111	201–300 KWH ELECTRIC COMMERCIAL VEHICLE MODELS, BY OEMS	159
TABLE 112	201–300 KWH: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (UNITS)	159
TABLE 113	201–300 KWH: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (UNITS)	159
9.6	301–500 KWH	160
9.6.1	INCREASING PREFERENCE FOR LONG-HAUL ELECTRIC COMMERCIAL VEHICLES TO DRIVE MARKET	160
TABLE 114	301–500 KWH: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (UNITS)	160
TABLE 115	301–500 KWH: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (UNITS)	160
9.7	501–1,000 KWH	161
9.7.1	RISING E-COMMERCE AND RETAIL SECTORS TO DRIVE MARKET	161
TABLE 116	501–1,000 KWH: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (UNITS)	161
TABLE 117	501–1,000 KWH: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (UNITS)	161
9.8	KEY INDUSTRY INSIGHTS	162
10	ELECTRIC COMMERCIAL VEHICLE MARKET, BY POWER OUTPUT	163
10.1	INTRODUCTION	164
FIGURE 62	ELECTRIC COMMERCIAL VEHICLE MARKET, BY POWER OUTPUT, 2024 VS. 2030 (THOUSAND UNITS)	164
TABLE 118	ELECTRIC COMMERCIAL VEHICLE MARKET, BY POWER OUTPUT, 2019–2023 (UNITS)	164
TABLE 119	ELECTRIC COMMERCIAL VEHICLE MARKET, BY POWER OUTPUT, 2024–2030 (UNITS)	165
10.2	LESS THAN 100 KW	165
10.2.1	GROWING ADOPTION OF ELECTRIC VANS FOR DELIVERIES BY LOGISTICS INDUSTRY TO DRIVE MARKET	165
TABLE 120	LESS THAN 100 KW: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION 2019–2023 (UNITS)	165
TABLE 121	LESS THAN 100 KW: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION 2024–2030 (UNITS)	166
10.3	100–250 KW	166
10.3.1	INCREASING DEMAND FOR ELECTRIC TRUCKS AND BUSES TO DRIVE MARKET	166
TABLE 122	100–250 KW: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (UNITS)	166
TABLE 123	100–250 KW: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (UNITS)	167
10.4	ABOVE 250 KW	167
10.4.1	INCREASING DEMAND FOR HIGH-POWERED ELECTRIC TRUCKS AND PICKUP TRUCKS TO DRIVE MARKET	167
TABLE 124	ABOVE 250 KW: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (UNITS)	168
TABLE 125	ABOVE 250 KW: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (UNITS)	168
10.5	KEY INDUSTRY INSIGHTS	168
11	ELECTRIC COMMERCIAL VEHICLE MARKET, BY RANGE	169
11.1	INTRODUCTION	170
FIGURE 63	ELECTRIC COMMERCIAL VEHICLE MARKET, BY RANGE, 2024 VS. 2030 (THOUSAND UNITS)	170
TABLE 126	ELECTRIC COMMERCIAL VEHICLE MARKET, BY RANGE, 2019–2023 (UNITS)	170
TABLE 127	ELECTRIC COMMERCIAL VEHICLE MARKET, BY RANGE, 2024–2030 (UNITS)	170
11.2	LESS THAN 150 MILES	171
11.2.1	E-COMMERCE BOOM AND DELIVERY DEMANDS TO DRIVE MARKET	171
TABLE 128	LESS THAN 150 MILES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (UNITS)	171
TABLE 129	LESS THAN 150 MILES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (UNITS)	171
11.3	151–300 MILES	172
11.3.1	RISING DEMAND FOR ELECTRIC TRUCKS FROM TRANSPORTATION INDUSTRY TO DRIVE MARKET	172
TABLE 130	151–300 MILES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (UNITS)	172
TABLE 131	151–300 MILES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (UNITS)	172
11.4	ABOVE 300 MILES	173
11.4.1	RISING ADOPTION OF ELECTRIC PICKUP TRUCKS TO DRIVE MARKET	173
TABLE 132	ABOVE 300 MILES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (UNITS)	173
TABLE 133	ABOVE 300 MILES: ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (UNITS)	173
11.5	KEY INDUSTRY INSIGHTS	174
12	ELECTRIC COMMERCIAL VEHICLE MARKET, BY END USE	175
12.1	INTRODUCTION	176
FIGURE 64	ELECTRIC COMMERCIAL VEHICLE MARKET, BY END USE, 2024 VS. 2030 (THOUSAND UNITS)	176
TABLE 134	ELECTRIC COMMERCIAL VEHICLE MARKET, BY END USE, 2019–2023 (UNITS)	176
TABLE 135	ELECTRIC COMMERCIAL VEHICLE MARKET, BY END USE, 2024–2030 (UNITS)	177
12.2	LAST-MILE DELIVERY	177
12.2.1	RISING DEMAND FOR VEHICLE ELECTRIFICATION IN E-COMMERCE SECTOR TO DRIVE MARKET	177
12.3	FIELD SERVICES	177
12.3.1	RISING DEMAND FOR GREEN MOBILITY IN FIELD SERVICES SECTOR TO DRIVE MARKET	177
12.4	DISTRIBUTION SERVICES	178
12.4.1	INCREASING RELIANCE ON DELIVERY SERVICES TO FUEL MARKET EXPANSION	178
12.5	LONG-HAUL TRANSPORTATION	178
12.5.1	PUSH FOR SUSTAINABLE TRANSPORTATION TO DRIVE MARKET	178
12.6	REFUSE TRUCKS	179
12.6.1	GROWING PUBLIC AWARENESS ABOUT RESPONSIBLE WASTE COLLECTION TO DRIVE MARKET	179
12.7	KEY INDUSTRY INSIGHTS	179
13	ELECTRIC COMMERCIAL VEHICLE MARKET, BY BODY CONSTRUCTION	180
13.1	INTRODUCTION	181
FIGURE 65	ELECTRIC COMMERCIAL VEHICLE MARKET, BY BODY CONSTRUCTION, 2024 VS. 2030 (THOUSAND UNITS)	181
TABLE 136	ELECTRIC COMMERCIAL VEHICLE MARKET, BY BODY CONSTRUCTION, 2019–2023 (UNITS)	181
TABLE 137	ELECTRIC COMMERCIAL VEHICLE MARKET, BY BODY CONSTRUCTION, 2024–2030 (UNITS)	182
13.2	INTEGRATED	182
13.2.1	REDUCED PRODUCTION COSTS TO DRIVE MARKET	182
13.3	SEMI-INTEGRATED	182
13.3.1	IMPROVED STRUCTURAL STRENGTH TO DRIVE MARKET	182
13.4	FULL-SIZED	183
13.4.1	SPACIOUS CARGO CAPACITY TO DRIVE MARKET	183
13.5	KEY INDUSTRY INSIGHTS	183
14	ELECTRIC COMMERCIAL VEHICLE MARKET, BY COMPONENT	184
14.1	INTRODUCTION	184
14.2	BATTERY PACKS	184
TABLE 138	PRODUCTS OFFERED BY BATTERY MANUFACTURERS	185
14.3	ONBOARD CHARGERS	185
TABLE 139	ONBOARD CHARGER MANUFACTURERS FOR ELECTRIC COMMERCIAL VEHICLES	186
FIGURE 66	CONSTITUENTS OF ELECTRIC VEHICLE CHARGING SYSTEM	186
14.4	ELECTRIC MOTORS	186
TABLE 140	ELECTRIC TRUCK MODELS, BY ELECTRIC MOTOR TYPE	187
14.5	INVERTERS	187
TABLE 141	INVERTER MANUFACTURERS FOR ELECTRIC COMMERCIAL VEHICLES	187
14.6	DC-DC CONVERTERS	188
FIGURE 67	DC-DC CONVERTER	188
14.7	FUEL-CELL STACKS	189
FIGURE 68	HYDROGEN FUEL CELL VEHICLE COMPONENTS	189
15	ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION	190
15.1	INTRODUCTION	191
FIGURE 69	GLOBAL LIGHT ELECTRIC COMMERCIAL VEHICLE TARGETS	192
FIGURE 70	ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024 VS. 2030 (USD MILLION)	192
FIGURE 71	TIMELINE OF ALL EXISTING AND UPCOMING REGULATIONS IN EUROPE, US, AND CHINA	193
TABLE 142	ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (UNITS)	193
TABLE 143	ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (UNITS)	193
TABLE 144	ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2019–2023 (USD MILLION)	193
TABLE 145	ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2024–2030 (USD MILLION)	194
15.2	ASIA PACIFIC	195
15.2.1	RECESSION IMPACT ANALYSIS	195
FIGURE 72	ASIA PACIFIC: ELECTRIC COMMERCIAL VEHICLE MARKET SNAPSHOT	196
TABLE 146	ASIA PACIFIC: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2019–2023 (UNITS)	196
TABLE 147	ASIA PACIFIC: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2024–2030 (UNITS)	197
TABLE 148	ASIA PACIFIC: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2019–2023 (USD MILLION)	197
TABLE 149	ASIA PACIFIC: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2024–2030 (USD MILLION)	197
15.2.2	CHINA	198
15.2.2.1	Predominance of leading players to drive market	198
TABLE 150	CHINA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (UNITS)	198
TABLE 151	CHINA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS)	198
TABLE 152	CHINA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)	199
TABLE 153	CHINA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)	199
15.2.3	JAPAN	200
15.2.3.1	Increased investments in automotive R&D to drive market	200
TABLE 154	JAPAN: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (UNITS)	200
TABLE 155	JAPAN ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS)	200
TABLE 156	JAPAN: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)	201
TABLE 157	JAPAN ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)	201
15.2.4	INDIA	202
15.2.4.1	Expansion of major OEMs to support market growth	202
TABLE 158	INDIA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (UNITS)	202
TABLE 159	INDIA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS)	202
TABLE 160	INDIA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)	203
TABLE 161	INDIA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)	203
15.2.5	SOUTH KOREA	203
15.2.5.1	Rising demand for electric pickup trucks to drive market	203
TABLE 162	SOUTH KOREA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (UNITS)	204
TABLE 163	SOUTH KOREA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS)	204
TABLE 164	SOUTH KOREA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION)	204
TABLE 165	SOUTH KOREA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION)	205
15.3.1 RECESSION IMPACT ANALYSIS 206
FIGURE 73 EUROPE: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2024 VS. 2030 (USD MILLION) 206
TABLE 166 EUROPE: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2019–2023 (UNITS) 207
TABLE 167 EUROPE: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2024–2030 (UNITS) 207
TABLE 168 EUROPE: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 208
TABLE 169 EUROPE: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2024–2030 (USD MILLION) 208
15.3.2 FRANCE 209
15.3.2.1 Increased adoption of electric vans for delivery purposes to drive market 209
TABLE 170 FRANCE: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (UNITS) 209
TABLE 171 FRANCE: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS) 210
TABLE 172 FRANCE: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION) 210
TABLE 173 FRANCE: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION) 210
15.3.3 GERMANY 211
15.3.3.1 Setting up of charging corridors to drive market 211
TABLE 174 GERMANY: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (UNITS) 211
TABLE 175 GERMANY: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS) 212
TABLE 176 GERMANY: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION) 212
TABLE 177 GERMANY: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION) 212
15.3.4 SPAIN 213
15.3.4.1 Government focus on replacing existing bus and van fleets to drive market 213
TABLE 178 SPAIN: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (UNITS) 213
TABLE 179 SPAIN: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS) 214
TABLE 180 SPAIN: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION) 214
TABLE 181 SPAIN: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION) 214
15.3.5 AUSTRIA 215
15.3.5.1 Government incentives to drive market 215
TABLE 182 AUSTRIA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (UNITS) 215
TABLE 183 AUSTRIA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS) 215
TABLE 184 AUSTRIA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION) 216
TABLE 185 AUSTRIA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION) 216
15.3.6 NORWAY 217
15.3.6.1 Development of charging infrastructure to drive market 217
TABLE 186 NORWAY: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (UNITS) 217
TABLE 187 NORWAY: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS) 217
TABLE 188 NORWAY: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION) 218
TABLE 189 NORWAY: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION) 218
15.3.7 SWEDEN 219
15.3.7.1 Presence of market-leading OEMs and startups to drive market 219
TABLE 190 SWEDEN: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (UNITS) 219
TABLE 191 SWEDEN: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS) 219
TABLE 192 SWEDEN: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION) 220
TABLE 193 SWEDEN: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION) 220
15.3.8 NETHERLANDS 220
15.3.8.1 Advancement in EV charging infrastructure to drive market 220
TABLE 194 NETHERLANDS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (UNITS) 221
TABLE 195 NETHERLANDS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS) 221
TABLE 196 NETHERLANDS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION) 221
TABLE 197 NETHERLANDS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION) 222
15.3.9 UK 222
15.3.9.1 Government electrification roadmap to drive market 222
FIGURE 74 UK EV ROADMAP 223
TABLE 198 UK: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (UNITS) 223
TABLE 199 UK: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS) 224
TABLE 200 UK: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION) 224
TABLE 201 UK: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION) 224
15.3.10 ITALY 225
15.3.10.1 Advancements in electric commercial vehicles to drive market 225
TABLE 202 ITALY: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (UNITS) 225
TABLE 203 ITALY: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS) 225
TABLE 204 ITALY: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION) 226
TABLE 205 ITALY: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION) 226
15.3.11 OTHERS 227
TABLE 206 OTHERS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (UNITS) 227
TABLE 207 OTHERS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS) 227
TABLE 208 OTHERS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION) 228
TABLE 209 OTHERS: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION) 228
15.4 NORTH AMERICA 229
15.4.1 RECESSION IMPACT ANALYSIS 229
FIGURE 75 NORTH AMERICAN EV BATTERY INITIATIVES 230
FIGURE 76 NORTH AMERICA: ELECTRIC COMMERCIAL VEHICLE MARKET SNAPSHOT 231
TABLE 210 NORTH AMERICA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2019–2023 (UNITS) 231
TABLE 211 NORTH AMERICA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2024–2030 (UNITS) 232
TABLE 212 NORTH AMERICA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 232
TABLE 213 NORTH AMERICA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2024–2030 (USD MILLION) 232
15.4.2 US 233
15.4.2.1 Rising adoption of electric vans to drive market 233
FIGURE 77 ELECTRIC COMMERCIAL VEHICLE DEMAND, BY END USER 233
TABLE 214 US: ELECTRIC VEHICLE INCENTIVES 234
TABLE 215 US: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (UNITS) 234
TABLE 216 US: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS) 235
TABLE 217 US: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION) 235
TABLE 218 US: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION) 235
15.4.3 CANADA 236
15.4.3.1 Government plans to electrify transit to drive market 236
TABLE 219 CANADA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (UNITS) 236
TABLE 220 CANADA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS) 237
TABLE 221 CANADA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION) 237
TABLE 222 CANADA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION) 237
16 COMPETITIVE LANDSCAPE 239
16.1 OVERVIEW 239
16.2 MARKET SHARE ANALYSIS 239
TABLE 223 MARKET SHARE FOR TOP FIVE PLAYERS 239
FIGURE 78 MARKET SHARE ANALYSIS, 2023 240
16.3 REVENUE ANALYSIS 241
FIGURE 79 REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022 241
16.4 COMPANY VALUATION AND FINANCIAL METRICS 242
16.4.1 COMPANY VALUATION 242
FIGURE 80 COMPANY VALUATION OF KEY PLAYERS, 2022 (USD BILLION) 242
16.4.2 FINANCIAL METRICS 242
FIGURE 81 FINANCIAL METRICS OF KEY PLAYERS (EV/EBITDA) 242
16.5 PRODUCT COMPARISON 243
TABLE 224 ELECTRIC COMMERCIAL VEHICLE MARKET: ELECTRIC BUSES COMPARISON 243
TABLE 225 ELECTRIC COMMERCIAL VEHICLE MARKET: ELECTRIC VANS COMPARISON 243
16.6 COMPANY EVALUATION MATRIX 243
16.6.1 STARS 244
16.6.2 EMERGING LEADERS 244
16.6.3 PERVASIVE PLAYERS 244
16.6.4 PARTICIPANTS 244
FIGURE 82 ELECTRIC COMMERCIAL VEHICLE MARKET: COMPANY EVALUATION MATRIX, 2030 245
16.6.5 COMPANY FOOTPRINT 246
TABLE 226 ELECTRIC COMMERCIAL VEHICLE MARKET: COMPANY FOOTPRINT 246
TABLE 227 ELECTRIC COMMERCIAL VEHICLE MARKET: REGION FOOTPRINT 246
TABLE 228 ELECTRIC COMMERCIAL VEHICLE MARKET: VEHICLE TYPE FOOTPRINT 247
16.7 STARTUP/SME EVALUATION MATRIX 247
16.7.1 PROGRESSIVE COMPANIES 247
16.7.2 RESPONSIVE COMPANIES 248
16.7.3 DYNAMIC COMPANIES 248
16.7.4 STARTING BLOCKS 248
FIGURE 83 ELECTRIC COMMERCIAL VEHICLE MARKET: STARTUP/SME EVALUATION MATRIX, 2030 248
16.7.5 COMPETITIVE BENCHMARKING 249
TABLE 229 KEY STARTUPS/SMES 249
TABLE 230 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 250
16.8 COMPETITIVE SCENARIO 251
16.8.1 PRODUCT LAUNCHES 251
TABLE 231 ELECTRIC COMMERCIAL VEHICLE MARKET: PRODUCT LAUNCHES, SEPTEMBER 2021–MAY 2023 251
16.8.2 DEALS 252
TABLE 232 ELECTRIC COMMERCIAL VEHICLE MARKET: DEALS, APRIL 2021–JANUARY 2024 252
16.8.3 EXPANSIONS 254
TABLE 233 ELECTRIC COMMERCIAL VEHICLE MARKET: EXPANSIONS, DECEMBER 2021–JANUARY 2024 254
16.9 RIGHT TO WIN, 2024 256
TABLE 234 RIGHT TO WIN, 2024 256
17 COMPANY PROFILES 257
(Business overview, Products offered, Recent developments & MnM View)*
17.1 KEY PLAYERS 257
17.1.1 BYD 257
TABLE 235 BYD: COMPANY OVERVIEW 257
FIGURE 84 BYD: COMPANY SNAPSHOT 258
TABLE 236 BYD: PRODUCTS OFFERED 258
TABLE 237 BYD: PRODUCT LAUNCHES/DEVELOPMENTS 260
TABLE 238 BYD: DEALS 260
TABLE 239 BYD: EXPANSIONS 262
17.1.2 MERCEDES-BENZ GROUP AG 264
TABLE 240 MERCEDES-BENZ GROUP AG: COMPANY OVERVIEW 264
FIGURE 85 MERCEDES-BENZ GROUP AG: COMPANY SNAPSHOT 265
FIGURE 86 NEW MERCEDES-BENZ GROUP AG 265
TABLE 241 MERCEDES-BENZ GROUP AG: PRODUCTS OFFERED 266
TABLE 242 MERCEDES-BENZ GROUP AG: PRODUCT LAUNCHES/DEVELOPMENTS 267
TABLE 243 MERCEDES-BENZ GROUP AG: DEALS 268
TABLE 244 MERCEDES-BENZ GROUP AG: EXPANSIONS 269
17.1.3 YUTONG 270
TABLE 245 YUTONG: COMPANY OVERVIEW 270
TABLE 246 YUTONG: PRODUCTS OFFERED 270
TABLE 247 YUTONG: PRODUCT LAUNCHES/DEVELOPMENTS 272
TABLE 248 YUTONG: DEALS 272
TABLE 249 YUTONG: EXPANSIONS 273
17.1.4 AB VOLVO 275
TABLE 250 AB VOLVO: COMPANY OVERVIEW 275
FIGURE 87 AB VOLVO: COMPANY SNAPSHOT 276
FIGURE 88 AB VOLVO: HEAVY-DUTY TRUCKS MARKET SHARE (2022) 276
TABLE 251 AB VOLVO: PRODUCTS OFFERED 277
TABLE 252 AB VOLVO: PRODUCT LAUNCHES/DEVELOPMENTS 278
TABLE 253 AB VOLVO: DEALS 279
TABLE 254 AB VOLVO: EXPANSIONS 280
17.1.5 FORD MOTOR COMPANY 282
TABLE 255 FORD MOTOR COMPANY: COMPANY OVERVIEW 282
FIGURE 89 FORD MOTOR COMPANY: COMPANY SNAPSHOT 282
FIGURE 90 FORD MOTOR COMPANY: ROAD TO CARBON NEUTRALITY 283
TABLE 256 FORD MOTOR COMPANY: PRODUCTS OFFERED 283
TABLE 257 FORD MOTOR COMPANY: PRODUCT LAUNCHES/DEVELOPMENTS 284
TABLE 258 FORD MOTOR COMPANY: DEALS 284
TABLE 259 FORD MOTOR COMPANY: EXPANSIONS 285
17.1.6 TESLA, INC. 287
TABLE 260 TESLA, INC.: COMPANY OVERVIEW 287
FIGURE 91 TESLA, INC.: COMPANY SNAPSHOT 288
FIGURE 92 TESLA, INC.: ROADMAP 289
TABLE 261 TESLA, INC.: PRODUCTS OFFERED 289
TABLE 262 TESLA, INC.: PRODUCT LAUNCHES/DEVELOPMENTS 290
TABLE 263 TESLA, INC.: DEALS 290
TABLE 264 TESLA, INC.: EXPANSIONS 290
17.1.7 RENAULT 291
TABLE 265 RENAULT: COMPANY OVERVIEW 291
FIGURE 93 RENAULT: COMPANY SNAPSHOT 291
TABLE 266 RENAULT: PRODUCTS OFFERED 292
TABLE 267 RENAULT: PRODUCT LAUNCHES/DEVELOPMENTS 292
TABLE 268 RENAULT: DEALS 293
TABLE 269 RENAULT: EXPANSIONS 294
17.1.8 PACCAR INC. 295
TABLE 270 PACCAR INC.: COMPANY OVERVIEW 295
FIGURE 94 PACCAR INC.: COMPANY SNAPSHOT 295
TABLE 271 PACCAR INC.: PRODUCTS OFFERED 296
TABLE 272 PACCAR INC.: PRODUCT LAUNCHES/DEVELOPMENTS 297
TABLE 273 PACCAR INC.: DEALS 298
TABLE 274 PACCAR INC.: EXPANSIONS 299
17.1.9 SCANIA AB 300
TABLE 275 SCANIA AB: COMPANY OVERVIEW 300
FIGURE 95 SCANIA AB: COMPANY SNAPSHOT 301
TABLE 276 SCANIA AB: PRODUCTS OFFERED 301
TABLE 277 SCANIA AB: PRODUCT LAUNCHES/DEVELOPMENTS 302
TABLE 278 SCANIA AB: DEALS 302
TABLE 279 SCANIA AB: EXPANSIONS 303
17.1.10 DONGFENG MOTOR CORPORATION 304
TABLE 280 DONGFENG MOTOR CORPORATION: COMPANY OVERVIEW 304
FIGURE 96 DONGFENG MOTOR CORPORATION: COMPANY SNAPSHOT 304
TABLE 281 DONGFENG MOTOR CORPORATION: PRODUCTS OFFERED 305
TABLE 282 DONGFENG MOTOR CORPORATION: DEALS 305
TABLE 283 DONGFENG MOTOR CORPORATION: EXPANSIONS 306
17.1.11 PROTERRA 307
TABLE 284 PROTERRA: COMPANY OVERVIEW 307
FIGURE 97 PROTERRA: COMPANY SNAPSHOT 308
TABLE 285 PROTERRA: PRODUCTS OFFERED 308
TABLE 286 PROTERRA: PRODUCT LAUNCHES/ DEVELOPMENTS 309
TABLE 287 PROTERRA: DEALS 309
TABLE 288 PROTERRA: EXPANSIONS 310
17.1.12 VDL GROEP 311
TABLE 289 VDL GROEP: COMPANY OVERVIEW 311
FIGURE 98 VDL GROEP: COMPANY SNAPSHOT 311
TABLE 290 VDL GROEP: PRODUCTS OFFERED 312
TABLE 291 VDL GROEP: PRODUCT LAUNCHES/DEVELOPMENTS 313
TABLE 292 VDL GROEP: DEALS 313
17.1.13 RIVIAN 314
TABLE 293 RIVIAN: COMPANY OVERVIEW 314
TABLE 294 RIVIAN: PRODUCTS OFFERED 314
TABLE 295 RIVIAN: PRODUCT LAUNCHES/DEVELOPMENTS 315
TABLE 296 RIVIAN: DEALS 315
TABLE 297 RIVIAN: EXPANSIONS 316
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
17.2 OTHER PLAYERS 317
17.2.1 TATA MOTORS LIMITED 317
17.2.2 WORKHORSE GROUP 318
17.2.3 NIKOLA CORPORATION 318
17.2.4 ASHOK LEYLAND 319
17.2.5 ISUZU MOTORS LTD. 319
17.2.6 IRIZAR GROUP 320
17.2.7 IVECO 320
17.2.8 BOLLINGER MOTORS 321
17.2.9 XOS TRUCKS INC. 322
17.2.10 MAN SE 323
17.2.11 GOLDEN DRAGON 323
17.2.12 ZENITH MOTORS 324
17.2.13 ARRIVAL 324
17.2.14 LORDSTOWN MOTORS 325
18 RECOMMENDATIONS BY MARKETSANDMARKETS 326
18.1 ASIA PACIFIC TO BE SIGNIFICANT MARKET FOR ELECTRIC COMMERCIAL VEHICLES 326
18.2 LESS THAN 150 MILES TO EMERGE AS LARGEST MARKET SEGMENT 326
18.3 NMC BATTERIES TO BE PROMISING SEGMENT 327
18.4 CONCLUSION 327
19 APPENDIX 328
19.1 KEY INSIGHTS FROM INDUSTRY EXPERTS 328
19.2 DISCUSSION GUIDE 328
19.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 331
19.4 CUSTOMIZATION OPTIONS 333
19.4.1 PROFILING OF ADDITIONAL MARKET PLAYERS (UP TO 5) 333
19.4.2 ELECTRIC COMMERCIAL VEHICLE MARKET, BY END USE, AT REGIONAL LEVEL 333
19.4.3 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BODY CONSTRUCTION AT REGIONAL LEVEL 333
19.5 RELATED REPORTS 333
19.6 AUTHOR DETAILS 334
❖ 免責事項 ❖
http://www.globalresearch.jp/disclaimer



 
			 
					
							
			 
					
							
			 
					
							
			 
					
							
			 
					
							
			 
					
							
			 
					
							
			 
					
							
			