Global Electric Commercial Vehicle Market to See High CAGR Growth of 39.25% by 2Posted by swamiv on November 4th, 2019 Global electric commercial vehicle market By Propulsion (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle, Fuel Cell Electric Vehicle, Vehicle Type (Bus, Trucks, Pick-Up Trucks, Van), Range (0-150 Miles, 151-250 Miles, 251-500 Miles, 500 Miles & Above), Component (Electric Motor, EV Battery, Hydrogen Fuel Cell) Market Definition: Global Electric Commercial Vehicle MarketElectric commercial vehicle is an automobile which is driven by one or more electric motors and uses energy stored in rechargeable batteries. They are not limited to roads and rail vehicles but also for surface and underwater vessels, electric aircraft and electric spacecraft. Electric commercial vehicles have the potential to significantly diminish greenhouse gas emissions and pollution and reduce per-mile operational and maintenance costs as they don’t hamper the environment while its operations. Get Exclusive Sample Report: @ Market Drivers:
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Market Analysis: Global Electric Commercial Vehicle MarketGlobal electric commercial vehicle market is registering a healthy CAGR of 39.25% in the forecast period of 2019-2026. This rise in the market can be attributed due to rising automation technology and expansion in automotive industry. Segmentation: Global Electric Commercial Vehicle MarketBy Propulsion o Battery Electric Vehicle (BEV) o Hybrid Electric Vehicle (HEV) o Plug-In Hybrid Electric Vehicle (PHEV) o Fuel Cell Electric Vehicle (FCEV By Vehicle Type o Bus o Trucks o Pick-Up Trucks o Van By Range o 0-150 Miles o 151-250 Miles o 251-500 Miles o 500 Miles & Above By Component o Electric Motor o EV Battery o Hydrogen Fuel Cell Competitive Analysis: Global electric commercial vehicle market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of electric commercial vehicle market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa. Key Developments in the Market:
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