global electric commercial vehicle market is estimated to reach 1,477 (Thousand)Posted by Manik on January 15th, 2020 Electric Commercial Vehicle Market: SummaryThe global electric commercial vehicle market is estimated to reach 1,477 (Thousand) Units in 2024 at a CAGR of 33.8 %. Growing need for emission-free commercial vehicles and supportive government subsidies is expected to drive the electric commercial vehicle market during the forecast period. However, high initial investments are expected to restrain the market during the forecast period. Increasing demand for logistics in urban areas and increase in sustainability & environmental protection is expected to create an opportunity for electric commercial vehicle system market. Electric commercial vehicle is a vehicle which runs on electric motors for propulsion. Electricity is used instead of diesel or gas to power electric commercial vehicle. Battery is used to store electricity in these vehicles. Electric vehicles have limited energy storage capacity which must be refill by plugging into an electric source. Some key players in electric commercial vehicle are BYD Company Ltd., Tesla, YUTONG, Proterra, AB Volvo and Daimler AG among others. Electric Commercial Vehicle Market: Report Synopsis This market research report offers a comprehensive analysis of key market trends in the global electric commercial vehicle market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the the basis of type, the electric commercial vehicle market is segmented into battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), hybrid electric vehicles (HEVs) and fuel cell electric vehicles. Based on vehicle type, the electric commercial vehicle market can be segmented into electric buses, electric trucks, electric pickups, electric van and others. Based on battery material, the electric commercial vehicle market can be segmented into lithium-nickel-cobalt-aluminum (NCA), lithium-nickel-manganese-cobalt (NMC), lithium-manganese-spinel (LMO), lithium titanate (LTO), lithium-iron-phosphate (LFP) and others. Based on range, the electric commercial vehicle market can be segmented into 0-150 miles, 151-300 miles, above 300 Miles and others. The regional analysis is covered under five major regions such as North America, South America, Europe, Asia-Pacific, Middle East & Africa, and South America, with individual country-level analysis. Electric Commercial Vehicle Market: Report ScopeThe report on the electric commercial vehicle market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation. Companies Covered
Electric Commercial Vehicle Market: Report Segmentation For the scope of report, In-depth segmentation is offered by Forencis Research Electric Commercial Vehicle Market by Type
Electric Commercial Vehicle Market by Vehicle Type
Electric Commercial Vehicle Market by Technology
Electric Commercial Vehicle Market by Battery Material
Electric Commercial Vehicle Market by Range
Electric Commercial Vehicle Market by Region
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