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Electric Commercial Vehicle Market by Propulsion, Vehicle Type, Range, Battery Type, Length of Bus, Power Output, Battery Capacity, Component, Autonomous Vehicle, End User, Truck Payload Capacity and Region - Global Forecast 2030

Electric Commercial Vehicle Market by Propulsion, Vehicle Type, Range, Battery Type, Length of Bus, Power Output, Battery Capacity, Component, Autonomous Vehicle, End User, Truck Payload Capacity and Region - Global Forecast 2030

  • Publish Date:May 2022

  • Number of Pages:324

  • Report ID:5382300

  • Format:PDF

  • Publisher:MarketsandMarkets

$ 4950

Summary

The global electric commercial vehicle market size is projected to grow from 353 thousand units in 2022 to 3,144 thousand units by 2030, at a CAGR of 31.4%. Governments are supporting EV’s through subsidies & tax rebates for using low emission vehicles and working in collaboration with top automobile manufacturers to speed up growth of their countries.
Increased demand for efficient and low emission vehicles along with government support amid the rising prices of petroleum will boost the electric commercial vehicle market.Consumers from developing countries are already feeling the heat of the increasing cost of petrol.

Electric commercial vehicles have lower operating cost as compared to ICE commercial vehicles.To make the market grow, a continued support from the government will be needed along with the growing research of EV batteries, EV charging systems.

Specalised charging deports and fleet stations will also need to be installed around the world for growing the demand for electric buses, vans, pickups and trucks.

The Electric Van Segment is expected to be the largest market in the forecast period.
Electric vans are enclosed wagons or motor truck vehicles that receive power from the power grid and are driven by an electric motor. they are expected to be the largest segment by vehicle type in the electric commercial vehicle market. Major players operating in the global electric van market include Renault (France), Daimler AG (Germany), Nissan Motor Corporation (Japan), PSA Group (France), Toyota Motor Corporation (Japan), IVECO S.p.A. (Italy), London Electric Vehicle Company (United Kingdom), General Motors (US), Ford Motor Company (US), AB Volvo (Sweden), Mahindra & Mahindra LTD. (India), BYD Company Limited (China), and Volkswagen AG (Germany). For instance, in January 2021, PEUGEOT (France) is expanding its electric van range with the new PEUGEOT e-Partner, the latest light commercial vehicle (LCV) in the brand’s lineup to be offered as a fully electric commercial vehicle. The growth of the logistics and e-commerce sectors is expected to drive the market for electric vans for various applications such as last-mile delivery and distribution services. Electric vans would witness an increasing demand due to lower operating costs, negligible harmful emissions, and various forms of government support.

Last mile delivery will be the largest segment in the forecast period by End User
The increasing use of electric commercial vehicles for last mile delivery of goods from warehouses to end users is expected to boost the electric commercial vehicle market in the near future.Companies are considering the addition of electric commercial vehicles, especially electric vans, and pickup trucks, to their fleets to reduce fuel expenses and mitigate emissions.

In September 2019, Amazon announced plans to introduce 1,00,000 electric delivery vans by 2030 in partnership with Rivian.The company plans to roll out the first 10,000 e-vans globally by 2022 and aims to have 10,000 e-vans in India by 2025.

In May 2022, Terrago (India) used a fleet of 65 Mahindra Treo Zor cargo vehicles for grocery delivery in major cities in India.Also, In January 2020, UPS ordered 10,000 electric vans from Arrival, a UK EV startup company, for delivery across the US, the UK, and Europe by 2024.

The company will have the option to order an additional 10,000 EVs during the period. In August 2020, Flipkart (India) announced plans to convert its entire fleet to electric by 2030. Thus, the most common electric commercial vehicle used in the last mile delivery segment would be electric vans. With companies and governments across the globe encouraging the use of electric vehicles, the electric commercial vehicle industry is expected to grow exponentially in the next decade. Electric commercial vehicles have a major role in last mile delivery with lower emissions, cheaper running costs, and less ongoing maintenance.

Less than 150 miles segment is expected to be largest in market in the forecast period.
Less than 150 miles segment is expected to be the largest market in the forecast period.Low performance and affordable electric commercial vehicles usually have a range of less than 150 miles.

Several OEMs offer electric buses and vans with low-cost batteries with a restricted range of 100-150 miles.OEMs have been providing buses and vans for this segment over the years.

In January 2021, BYD launched the Type A school bus with a range of 140 miles in the US market.In June 2021, BYD announced the launch of Brazil’s first locally made pure electric bus in Campos.

The model is 22-meter long, runs on lithium-iron-phosphate batteries, and has a 150 miles range on a single 3-hour charge. In November 2021, Anadolu Isuzu announced a collaboration with Proterra (US) to incorporate the battery technology into its new 12-meter and 18-meter zero-emission Citi VOLT electric bus models would have a driving range starting from 120 miles.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
• By Company Type: Tier I - 67%, Others - 9%, and OEMs - 24%
• By Designation: C Level Executives - 33%, Managers - 52%, and Executives - 15%
• By Region: North America - 22%, Europe - 42% and Asia Pacific - 36%
The electric commercial vehicle market is dominated by established players such as BYD (China), Yutong (China), AB Volvo (Sweden), VDL Groep (Netherland), and CAF (Spain).The market ranking has been derived by considering ECV sales and a certain percentage of segmental revenue for each of the companies mentioned above.

These companies also offer extensive products and solutions for the automotive industry. These companies have strong distribution networks at the global level, and they invest heavily in R&D to develop new products.

Research Coverage:
Electric Commercial Vehicle Market by Propulsion (BEV, PHEV, FCEV), Vehicle Type (Bus, Pickup Truck, Truck, Van), Range, Battery Type, Length of Bus, Power Output, Battery Capacity, Component, Autonomous Vehicle, End User, Truck Payload Capacity and Region. It also covers the competitive landscape and company profiles of the major players in the electric commercial vehicle market ecosystem.

The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:
• The report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall electric commercial vehicle market and its subsegments.
• This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
• The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

Table of contents


1 INTRODUCTION 35
1.1 OBJECTIVES OF THE STUDY 35
1.2 MARKET DEFINITION 36
TABLE 1 ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, BY PROPULSION 36
TABLE 2 ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, BY VEHICLE TYPE 36
TABLE 3 ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, BY END USER 37
TABLE 4 ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, BY COMPONENT 37
TABLE 5 ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, BY BATTERY TYPE 38
TABLE 6 ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, BY POWER OUTPUT 39
TABLE 7 ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, BY BATTERY CAPACITY 39
TABLE 8 ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, BY AUTONOMOUS VEHICLE 39
TABLE 9 ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, BY LENGTH OF BUS 40
TABLE 10 ELECTRIC TRUCK MARKET DEFINITION, BY TRUCK PAYLOAD CAPACITY 40
TABLE 11 ELECTRIC COMMERCIAL VEHICLE MARKET DEFINITION, RANGE 40
1.2.1 INCLUSIONS & EXCLUSIONS 41
TABLE 12 INCLUSIONS & EXCLUSIONS IN THE ELECTRIC COMMERCIAL VEHICLE MARKET 41
1.3 MARKET SCOPE 42
FIGURE 1 MARKETS COVERED 42
1.3.1 YEARS CONSIDERED FOR STUDY 43
1.4 CURRENCY & PRICING 43
TABLE 13 CURRENCY EXCHANGE RATES 43
1.5 PACKAGE SIZE 43
1.6 STAKEHOLDERS 44
1.7 LIMITATIONS 44
1.8 SUMMARY OF CHANGES 44

2 RESEARCH METHODOLOGY 46
2.1 RESEARCH DATA 46
FIGURE 2 ELECTRIC COMMERCIAL VEHICLE MARKET: RESEARCH DESIGN 46
FIGURE 3 RESEARCH DESIGN MODEL 47
2.1.1 SECONDARY DATA 47
2.1.1.1 Key secondary sources for electric commercial vehicle market 48
2.1.1.2 Key data from secondary sources 49
2.1.2 PRIMARY DATA 50
2.1.2.1 Primary interviews - demand and supply sides 50
2.1.2.2 Key industry insights and Breakdown of Primary Interviews 51
FIGURE 4 KEY INDUSTRY INSIGHTS 51
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS 51
2.1.2.3 List of primary participants 52
2.2 MARKET SIZE ESTIMATION 53
FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 53
2.2.1 BOTTOM-UP APPROACH 54
FIGURE 7 BOTTOM-UP APPROACH: ELECTRIC COMMERCIAL VEHICLE MARKET 54
2.2.2 TOP-DOWN APPROACH 54
FIGURE 8 TOP-DOWN APPROACH: ELECTRIC COMMERCIAL VEHICLE MARKET 55
FIGURE 9 ELECTRIC COMMERCIAL VEHICLE MARKET: MARKET ESTIMATION NOTES 55
FIGURE 10 ELECTRIC COMMERCIAL VEHICLE MARKET: RESEARCH DESIGN & METHODOLOGY - DEMAND SIDE 56
2.3 DATA TRIANGULATION 57
FIGURE 11 DATA TRIANGULATION METHODOLOGY 57
2.4 FACTOR ANALYSIS 58
FIGURE 12 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES 58
2.4.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY-SIDE 59
2.5 RESEARCH ASSUMPTIONS 59
2.6 RESEARCH LIMITATIONS 60

3 EXECUTIVE SUMMARY 62
FIGURE 13 ELECTRIC COMMERCIAL VEHICLE MARKET: MARKET OVERVIEW 63
FIGURE 14 ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2022-2030 (THOUSAND UNITS) 64
FIGURE 15 BEVS EXPECTED TO HOLD LARGEST MARKET DURING FORECAST PERIOD (2022-2030) 65

4 PREMIUM INSIGHTS 66
4.1 ATTRACTIVE OPPORTUNITIES IN ELECTRIC COMMERCIAL VEHICLE MARKET 66
FIGURE 16 INCREASING DEMAND FOR ZERO-EMISSION COMMUTING TO DRIVE MARKET 66
4.2 ELECTRIC COMMERCIAL VEHICLE MARKET GROWTH RATE, BY REGION 67
FIGURE 17 ASIA PACIFIC PROJECTED TO BE LARGEST MARKET DURING FORECAST PERIOD 67
4.3 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY TYPE 67
FIGURE 18 LITHIUM-IRON-PHOSPHATE SEGMENT TO GROW AT FASTER RATE (2022-2030) 67
4.4 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY CAPACITY 68
FIGURE 19 ECVS WITH BATTERY CAPACITY OF 50-250 KWH TO DOMINATE MARKET DURING FORECAST PERIOD (2022-2030) 68
4.5 ELECTRIC BUS MARKET, BY LENGTH OF BUS 68
FIGURE 20 9-14 METERS BUSES TO OCCUPY LARGER MARKET SHARE DURING FORECAST PERIOD (2022-2030) 68
4.6 ELECTRIC COMMERCIAL VEHICLE MARKET, BY PROPULSION 69
FIGURE 21 FCEVS EXPECTED TO EMERGE FASTER DURING FORECAST PERIOD (2022-2030) 69
4.7 ELECTRIC COMMERCIAL VEHICLE MARKET, BY POWER OUTPUT 69
FIGURE 22 ECVS WITH POWER OUTPUT OF 100-250 KWH DEMAND EXPECTED TO GROW HIGHER DURING FORECAST PERIOD (2022-2030) 69
4.8 ELECTRIC COMMERCIAL VEHICLE MARKET, BY RANGE 70
FIGURE 23 ABOVE 300 MILES RANGE ECV DEMAND TO HAVE HIGHER DEMAND DURING FORECAST PERIOD (2022-2030) 70
4.9 ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE 70
FIGURE 24 PICKUP TRUCKS TO WITNESS RAPID GROWTH DURING FORECAST PERIOD (2022-2030) 70
4.10 ELECTRIC COMMERCIAL VEHICLE MARKET, BY END USER 71
FIGURE 25 LAST MILE DELIVERY TO BE MOST COMMON APPLICATION OF ECVS DURING FORECAST PERIOD (2022-2030) 71
4.11 ELECTRIC TRUCK MARKET, BY TRUCK PAYLOAD CAPACITY 71
FIGURE 26 ECVS WITH TRUCK PAYLOADS OF UP TO 10,000 LBS EXPECTED TO BE HIGHEST-SELLING ECVS DURING FORECAST PERIOD (2022-2030) 71

5 MARKET OVERVIEW 72
5.1 INTRODUCTION 72
FIGURE 27 ROLE OF STARTUPS IN EV ECOSYSTEM 73
5.2 MARKET DYNAMICS 74
FIGURE 28 ELECTRIC COMMERCIAL VEHICLE MARKET: MARKET DYNAMICS 74
5.2.1 DRIVERS 75
5.2.1.1 Reducing prices of EV batteries to increase demand for ECVs 75
FIGURE 29 EV BATTERY PRICING ANALYSIS 75
5.2.1.2 Rising prices of fossil fuels to raise demand for ECVs 76
FIGURE 30 AVERAGE GLOBAL PETROL PRICES 77
FIGURE 31 COMPARISON OF OPERATING COST OF EVS AND ICE VEHICLES 78
5.2.1.3 Increasing demand for emission-free commercial vehicles and electric vehicles in logistics industry to drive market demand 78
FIGURE 32 GLOBAL FUEL ECONOMY AND CO2 EMISSION DATA 79
TABLE 14 POTENTIAL MARKET FOR NEW ZERO-EMISSION BUSES PER YEAR ACROSS EUROPE 79
5.2.1.4 Government support for electric commercial vehicles 80
TABLE 15 GOVERNMENT PROGRAMS FOR PROMOTION OF ELECTRIC COMMERCIAL VEHICLE SALES 80
FIGURE 33 ELECTRIFICATION TARGETS BY COUNTRIES 81
5.2.2 RESTRAINTS 82
5.2.2.1 High development costs to delay ECV launches in market 82
FIGURE 34 AVERAGE COST OF DIESEL VS ELECTRIC BUSES 82
5.2.2.2 Concerns over battery safety to restrain market development 83
FIGURE 35 BATTERY SAFETY ARCHITECTURE 83
5.2.2.3 Insufficient EV charging infrastructure to slow ECV adoption 83
FIGURE 36 COUNTRY-WISE COMPARISON OF EV CHARGER DENSITY, 2020 84
5.2.2.4 Lower vehicle range hampers use for long-distance logistics 84
5.2.3 OPPORTUNITIES 85
5.2.3.1 New revenue pockets in North America and Northern Europe to provide market growth opportunities 85
5.2.3.2 Development of wireless EV charging technology for on-the-go charging to fuel market 85
FIGURE 37 WORKING OF WIRELESS EV CHARGING 85
5.2.3.3 Use of EVs for fleets and commercial applications to boost ECV market 86
TABLE 16 MAJOR EV FLEET TARGETS 86
5.2.4 CHALLENGES 87
5.2.4.1 Limited battery capacity to challenge market growth 87
TABLE 17 BATTERY CAPACITIES OF POPULAR ELECTRIC BUSES 87
5.2.4.2 Lower availability of lithium for EV batteries to act as hurdle for manufacturers 87
FIGURE 38 LITHIUM-ION DEMAND AND SUPPLY 88
5.2.4.3 Insufficient global grid infrastructure to limit adoption of electric commercial vehicles 88
FIGURE 39 GRID REQUIREMENT FOR EVS IN GERMANY BY 2030 88
TABLE 18 ELECTRIC COMMERCIAL VEHICLE MARKET: IMPACT OF MARKET DYNAMICS 89
5.3 PORTER'S FIVE FORCES MODEL ANALYSIS 90
FIGURE 40 ELECTRIC COMMERCIAL VEHICLE MARKET: PORTERS 5 FORCES ANALYSIS 90
TABLE 19 ELECTRIC COMMERCIAL VEHICLE MARKET: IMPACT OF PORTER'S FIVE FORCES 91
5.3.1 THREAT OF SUBSTITUTES 91
5.3.2 THREAT OF NEW ENTRANTS 91
5.3.3 BARGAINING POWER OF BUYERS 91
5.3.4 BARGAINING POWER OF SUPPLIERS 91
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 92
5.4 UPCOMING ELECTRIC TRUCKS AND PICKUPS 92
TABLE 20 UPCOMING ELECTRIC TRUCKS AND PICKUPS 92
5.5 ELECTRIC COMMERCIAL VEHICLE MARKET ECOSYSTEM 94
FIGURE 41 ELECTRIC COMMERCIAL VEHICLE MARKET: ECOSYSTEM ANALYSIS 94
5.5.1 EV CHARGING INFRASTRUCTURE PROVIDERS 94
5.5.2 TIER II SUPPLIERS 94
5.5.3 TIER I SUPPLIERS 94
5.5.4 OEMS 95
TABLE 21 ELECTRIC COMMERCIAL VEHICLE MARKET: ROLE OF COMPANIES IN ECOSYSTEM 95
5.6 NOTABLE DEVELOPMENTS IN EV MARKET (2021) 96
FIGURE 42 NOTABLE EVENTS Q1 2021 96
FIGURE 43 NOTABLE EVENTS Q2 2021 97
FIGURE 44 NOTABLE EVENTS Q3 2021 97
FIGURE 45 NOTABLE EVENTS Q4 2021 98
5.7 SUPPLY CHAIN ANALYSIS 98
FIGURE 46 SUPPLY CHAIN ANALYSIS: ELECTRIC COMMERCIAL VEHICLE MARKET 98
5.7.1 ELECTRIC CHARGING INFRASTRUCTURE PROVIDERS 99
5.7.2 TIER II SUPPLIERS 99
5.7.3 TIER I SUPPLIERS 99
5.7.4 OEMS 99
5.7.5 END USERS 99
TABLE 22 ELECTRIC COMMERCIAL VEHICLE MARKET: SUPPLY CHAIN STAKEHOLDERS AND THEIR STRATEGIES 99
5.8 ELECTRIC COMMERCIAL VEHICLE PRICING ANALYSIS 100
TABLE 23 AVERAGE PRICE OF SELECT ELECTRIC BUS MODELS 100
TABLE 24 AVERAGE PRICE OF SELECT ELECTRIC TRUCK MODELS 100
TABLE 25 AVERAGE PRICE OF SELECT ELECTRIC VAN MODELS 101
TABLE 26 AVERAGE PRICE OF SELECT ELECTRIC PICKUP MODELS 101
5.9 CASE STUDY 101
5.9.1 ADOPTION OF ELECTRIC BUSES AS PUBLIC TRANSPORT IN FINLAND 101
5.9.2 ADOPTION OF ELECTRIC BUSES AS PUBLIC TRANSPORT IN SHENZHEN, CHINA 102
5.9.3 USER EXPERIENCE OF BATTERY ELECTRIC TRUCKS IN NORWAY 103
5.10 BUYING CRITERIA 104
5.10.1 KEY STAKEHOLDERS & BUYING CRITERIA 104
5.10.2 KEY STAKEHOLDERS IN BUYING PROCESS 105
FIGURE 47 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 2 VEHICLE TYPE 105
TABLE 27 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 2
ELECTRIC COMMERCIAL VEHICLES (%) 105
5.10.3 BUYING CRITERIA 105
FIGURE 48 KEY BUYING CRITERIA FOR TOP 2 VEHICLE TYPE 106
TABLE 28 KEY BUYING CRITERIA FOR TOP 2 ELECTRIC COMMERCIAL VEHICLE PRODUCTS 106
5.11 TECHNOLOGY ANALYSIS 106
5.11.1 INNOVATIVE CHARGING SOLUTIONS 106
5.11.1.1 Off-board top-down pantograph charging system 107
5.11.1.2 On-board bottom-up pantograph charging system 107
5.11.1.3 Ground-based static/dynamic wireless charging system 107
5.11.2 PACKAGED FUEL CELL SYSTEM MODULE 108
FIGURE 49 NEW PACKAGED FUEL CELL SYSTEM MODULE BY TOYOTA 108
5.11.3 METHANE FUEL CELLS 108
5.12 PATENT ANALYSIS 109
5.12.1 INTRODUCTION 109
FIGURE 50 PUBLICATION TRENDS (2012-2021) 109
5.12.2 PATENTS PUBLISHED BY MAJOR COMPANIES IN ECV ECOSYSTEM 109
FIGURE 51 ELECTRIC COMMERCIAL VEHICLE PATENTS, TREND ANALYSIS (2012-2021) 109
TABLE 29 IMPORTANT PATENT REGISTRATIONS RELATED TO ELECTRIC COMMERCIAL VEHICLE MARKET 110
5.13 TRENDS AND DISRUPTIONS IN ELECTRIC COMMERCIAL VEHICLE MARKET 113
FIGURE 52 TRENDS AND DISRUPTIONS IN ELECTRIC COMMERCIAL VEHICLE MARKET 113
5.14 REGULATORY OVERVIEW 114
5.14.1 NETHERLANDS 114
TABLE 30 NETHERLANDS: ELECTRIC VEHICLE INCENTIVES 114
TABLE 31 NETHERLANDS: ELECTRIC VEHICLE CHARGING STATIONS INCENTIVES 115
5.14.2 GERMANY 115
TABLE 32 GERMANY: ELECTRIC VEHICLE INCENTIVES 115
TABLE 33 GERMANY: ELECTRIC VEHICLE CHARGING STATIONS INCENTIVES 115
5.14.3 FRANCE 116
TABLE 34 FRANCE: ELECTRIC VEHICLE INCENTIVES 116
TABLE 35 FRANCE: ELECTRIC VEHICLE CHARGING STATION INCENTIVES 116
5.14.4 UK 116
TABLE 36 UK: ELECTRIC VEHICLE INCENTIVES 117
TABLE 37 UK: ELECTRIC VEHICLE CHARGING STATIONS INCENTIVES 117
5.14.5 CHINA 117
TABLE 38 CHINA: ELECTRIC VEHICLE INCENTIVES 117
TABLE 39 CHINA: ELECTRIC VEHICLE CHARGING STATIONS INCENTIVES 118
5.14.6 US 118
TABLE 40 US: ELECTRIC VEHICLE INCENTIVES 118
TABLE 41 US: ELECTRIC VEHICLE CHARGING STATIONS INCENTIVES 118
5.14.7 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS, BY REGION 119
TABLE 42 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 119
TABLE 43 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 120
TABLE 44 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 121
5.15 KEY CONFERENCE & EVENTS IN 2022-2023 121
TABLE 45 ELECTRIC COMMERCIAL VEHICLE MARKET: DETAILED LIST OF CONFERENCES & EVENTS 121
5.16 ELECTRIC COMMERCIAL VEHICLE MARKET, MARKET SCENARIOS (2022-2030) 123
FIGURE 53 ELECTRIC COMMERCIAL VEHICLE MARKET: FUTURE TRENDS & SCENARIOS, 2022-2030 (UNITS) 123
5.16.1 REALISTIC SCENARIO 123
TABLE 46 ELECTRIC COMMERCIAL VEHICLE MARKET: REALISTIC SCENARIO, BY REGION, 2022-2030 (UNITS) 123
5.16.2 OPTIMISTIC SCENARIO 124
TABLE 47 ELECTRIC COMMERCIAL VEHICLE MARKET: OPTIMISTIC SCENARIO, BY REGION, 2022-2030 (UNITS) 124
5.16.3 PESSIMISTIC SCENARIO 124
TABLE 48 ELECTRIC COMMERCIAL VEHICLE MARKET: PESSIMISTIC SCENARIO, BY REGION, 2022-2030 (UNITS) 124

6 ELECTRIC COMMERCIAL VEHICLE MARKET, BY AUTONOMOUS VEHICLE 125
6.1 INTRODUCTION 125
6.2 ELECTRIC AUTONOMOUS TRUCK 125
6.3 ELECTRIC AUTONOMOUS BUS 126

7 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY TYPE 127
7.1 INTRODUCTION 128
FIGURE 54 NMC SEGMENT TO DOMINATE ELECTRIC COMMERCIAL VEHICLES MARKET IN FORECAST PERIOD 128
TABLE 49 ELECTRIC COMMERCIAL VEHICLES MARKET SIZE, BY BATTERY TYPE, 2018-2021 (UNITS) 129
TABLE 50 ELECTRIC COMMERCIAL VEHICLES MARKET SIZE, BY BATTERY TYPE, 2022-2030 (UNITS) 129
7.1.1 OPERATIONAL DATA 129
TABLE 51 ELECTRIC COMMERCIAL VEHICLE MODELS, BATTERY TYPE 129
7.1.2 ASSUMPTIONS 130
TABLE 52 ASSUMPTIONS: BY BATTERY TYPE 130
7.1.3 RESEARCH METHODOLOGY 130
7.2 NICKEL-MANGANESE-COBALT 131
7.2.1 ADVANCEMENTS IN BATTERY TECHNOLOGY TO BOOST DEMAND FOR NMC BATTERIES IN ECVS 131
TABLE 53 NICKEL-MANGANESE-COBALT BATTERIES IN ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS) 131
TABLE 54 NICKEL-MANGANESE-COBALT BATTERIES IN ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS) 131
7.3 LITHIUM-IRON-PHOSPHATE 132
7.3.1 AFFORDABLE PRICES TO DRIVE MARKET FOR LFP BATTERIES 132
TABLE 55 LITHIUM-IRON-PHOSPHATE BATTERIES IN ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS) 132
TABLE 56 LITHIUM-IRON-PHOSPHATE BATTERIES IN ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS) 132
7.4 OTHERS 133
7.4.1 OEMS AND STARTUPS WORKING ON ALTERNATIVE BATTERIES TO BOOST MARKET 133
TABLE 57 OTHER BATTERIES IN ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS) 133
TABLE 58 OTHER BATTERIES IN ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS) 133
7.5 SOLID STATE BATTERY 134
7.6 KEY INDUSTRY INSIGHTS 134

8 ELECTRIC COMMERCIAL VEHICLES MARKET, BY BATTERY CAPACITY 135
8.1 INTRODUCTION 136
FIGURE 55 50-250 KWH SEGMENT TO GROW FASTEST DURING FORECAST PERIOD 136
TABLE 59 ELECTRIC COMMERCIAL VEHICLES MARKET SIZE, BY BATTERY CAPACITY, 2018-2021 (UNITS) 136
TABLE 60 ELECTRIC COMMERCIAL VEHICLES MARKET SIZE, BY BATTERY CAPACITY, 2022-2030 (UNITS) 137
8.1.1 OPERATIONAL DATA 137
TABLE 61 ELECTRIC COMMERCIAL VEHICLE MODELS, BY BATTERY CAPACITY 137
8.1.2 ASSUMPTIONS 138
TABLE 62 ASSUMPTIONS: BY BATTERY CAPACITY 138
8.1.3 RESEARCH METHODOLOGY 138
8.2 LESS THAN 50 KWH 139
8.2.1 GROWING ELECTRIC VAN SALES TO FUEL LESS THAN 50 KWH SEGMENT 139
TABLE 63 LESS THAN 50 KWH ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS) 139
TABLE 64 LESS THAN 50 KWH ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS) 139
8.3 50-250 KWH 140
8.3.1 AFFORDABLE ELECTRIC BUSES AND PICKUP TRUCKS DRIVE 50-250 KWH MARKET IN ASIA PACIFIC 140
TABLE 65 50-250 KWH ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS) 140
TABLE 66 50-250 KWH ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS) 140
8.4 ABOVE 250 KWH 141
8.4.1 LONG BUSES AND HEAVY-DUTY TRUCKS TO LEAD MARKET 141
TABLE 67 ABOVE 250 KWH ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS) 141
TABLE 68 ABOVE 250 KWH ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS) 141
8.5 KEY INDUSTRY INSIGHTS 142

9 ELECTRIC COMMERCIAL VEHICLE MARKET, BY COMPONENT 143
9.1 INTRODUCTION 143
9.2 BATTERY CELLS AND PACKS 143
9.3 ONBOARD CHARGER 144
9.4 MOTOR 144
9.5 REDUCER 144
9.6 POWER CONTROL UNIT 145
9.7 BATTERY MANAGEMENT SYSTEM 145
9.8 FUEL CELL STACK 145
9.9 FUEL PROCESSOR 146
9.10 POWER CONDITIONER 146
9.11 AIR COMPRESSOR 146
9.12 HUMIDIFIER 146

10 ELECTRIC BUS MARKET, BY LENGTH OF BUS 147
10.1 INTRODUCTION 148
FIGURE 56 9-14 M SEGMENT TO DOMINATE ELECTRIC BUS MARKET IN FORECAST PERIOD 148
TABLE 69 ELECTRIC BUS MARKET SIZE, BY LENGTH OF BUS, 2018-2021 (UNITS) 149
TABLE 70 ELECTRIC BUS MARKET SIZE, BY LENGTH OF BUS, 2022-2030 (UNITS) 149
10.1.1 OPERATIONAL DATA 149
TABLE 71 ELECTRIC BUS MODELS, BY LENGTH OF BUS 149
10.1.2 ASSUMPTIONS: LENGTH OF BUS 150
10.1.3 RESEARCH METHODOLOGY 150
10.2 LESS THAN 9M 151
10.2.1 HIGH DEMAND FOR ELECTRIC BUSES ON NARROW ROADS TO INCREASE DEMAND 151
TABLE 72 LESS THAN 9 METERS ELECTRIC BUS MARKET, BY REGION, 2018-2021 (UNITS) 151
TABLE 73 LESS THAN 9 METERS ELECTRIC BUS MARKET, BY REGION, 2022-2030 (UNITS) 151
10.3 9-14M 152
10.3.1 HIGH ADOPTION RATE OF ELECTRIC BUSES FOR PUBLIC TRANSPORT FLEET TO DRIVE SEGMENT 152
TABLE 74 9-14 METERS ELECTRIC BUS MARKET, BY REGION, 2018-2021 (UNITS) 152
TABLE 75 9-14 METERS ELECTRIC BUS MARKET, BY REGION, 2022-2030 (UNITS) 152
10.4 ABOVE 14 M 153
10.4.1 GROWING DEMAND FOR INTERCITY PUBLIC TRANSPORT IN HIGHLY POPULATED COUNTRIES TO IMPACT ABOVE 14 M BUS SALES 153
TABLE 76 ABOVE 14 METERS ELECTRIC BUS MARKET, BY REGION, 2018-2021 (UNITS) 153
TABLE 77 ABOVE 14 METERS ELECTRIC BUS MARKET, BY REGION, 2022-2030 (UNITS) 153
10.5 KEY INDUSTRY INSIGHTS 154

11 ELECTRIC COMMERCIAL VEHICLES MARKET, BY PROPULSION 155
11.1 INTRODUCTION 156
FIGURE 57 BEV SEGMENT TO DRIVE ELECTRIC COMMERCIAL VEHICLES MARKET IN FORECAST PERIOD 156
TABLE 78 ELECTRIC COMMERCIAL VEHICLES MARKET SIZE, BY PROPULSION, 2018-2021 (UNITS) 157
TABLE 79 ELECTRIC COMMERCIAL VEHICLES MARKET SIZE, BY PROPULSION, 2022-2030 (UNITS) 157
11.1.1 OPERATIONAL DATA 157
TABLE 80 ELECTRIC COMMERCIAL VEHICLE MODELS, BY PROPULSION TYPE 157
11.1.2 ASSUMPTIONS 158
TABLE 81 ASSUMPTIONS: BY PROPULSION 158
11.1.3 RESEARCH METHODOLOGY 159
11.2 BATTERY ELECTRIC VEHICLE (BEV) 159
11.2.1 BEV SEGMENT TO INFLUENCE ECV MARKET DUE TO HIGH BEV BUS AND VAN SALES 159
TABLE 82 BEV COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS) 160
TABLE 83 BEV COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS) 160
11.3 FUEL CELL ELECTRIC VEHICLE (FCEV) 160
11.3.1 FCEV VANS TO START SELLING FROM AROUND 2023 160
TABLE 84 FCEV COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS) 161
TABLE 85 FCEV COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS) 161
11.4 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV) 162
11.4.1 ASIA PACIFIC PROJECTED TO BE LARGEST PHEV MARKET 162
TABLE 86 PHEV COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS) 162
TABLE 87 PHEV COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS) 162
11.5 KEY INDUSTRY INSIGHTS 163

12 ELECTRIC COMMERCIAL VEHICLE MARKET, BY POWER OUTPUT 164
12.1 INTRODUCTION 165
FIGURE 58 LESS THAN 100 KW SEGMENT TO HAVE HIGHEST DEMAND IN ELECTRIC COMMERCIAL VEHICLE MARKET IN FORECAST PERIOD 165
TABLE 88 ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, BY POWER OUTPUT, 2018-2021 (UNITS) 166
TABLE 89 ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, BY POWER OUTPUT, 2022-2030 (UNITS) 166
12.1.1 OPERATIONAL DATA 166
TABLE 90 ELECTRIC COMMERCIAL VEHICLE DATA BASED ON POWER OUTPUT 166
12.1.2 ASSUMPTIONS 167
12.1.3 RESEARCH METHODOLOGY 167
12.2 LESS THAN 100 KW 168
12.2.1 USE OF SMALL ELECTRIC VANS FOR SHIPPING BY LOGISTICS COMPANIES IN EUROPE 168
TABLE 91 LESS THAN 100 KW POWER OUTPUT ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS) 168
TABLE 92 LESS THAN 100 KW POWER OUTPUT ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS) 168
12.3 100-250 KW 169
12.3.1 DEVELOPMENT OF BEST-IN-CLASS PICKUP TRUCKS TO LEAD MARKET FOR 100-250 KW POWER OUTPUT 169
TABLE 93 100-250 KW POWER OUTPUT ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS) 169
TABLE 94 100-250 KW POWER OUTPUT ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS) 169
12.4 ABOVE 250 KW 170
12.4.1 UPCOMING MARKET FOR BEST-IN-CLASS ELECTRIC PICKUPS AND BUSES 170
TABLE 95 ABOVE 250 KW POWER OUTPUT ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS) 170
TABLE 96 ABOVE 250 KW POWER OUTPUT ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS) 170
12.5 KEY INDUSTRY INSIGHTS 171

13 ELECTRIC COMMERCIAL VEHICLE MARKET, BY RANGE 172
13.1 INTRODUCTION 173
FIGURE 59 LESS THAN 150 MILES SEGMENT TO ACQUIRE HIGHEST DEMAND IN ELECTRIC COMMERCIAL VEHICLE MARKET IN FORECAST PERIOD 173
TABLE 97 ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, BY RANGE, 2018-2021 (UNITS) 174
TABLE 98 ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, BY RANGE, 2022-2030 (UNITS) 174
13.1.1 OPERATIONAL DATA 174
TABLE 99 ELECTRIC COMMERCIAL VEHICLE DATA BASED ON RANGE 174
13.1.2 ASSUMPTIONS 175
13.1.3 RESEARCH METHODOLOGY 175
13.2 LESS THAN 150 MILES 176
13.2.1 AFFORDABLE ELECTRIC VANS TO DRIVE LESS THAN 150 MILES SEGMENT 176
TABLE 100 LESS THAN 150 MILES RANGE ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS) 176
TABLE 101 LESS THAN 150 MILES RANGE ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS) 176
13.3 150-300 MILES 177
13.3.1 HIGH ADOPTION RATE OF ELECTRIC BUSES TO BOOST 150-300 MILES ELECTRIC CV MARKET 177
TABLE 102 150-300 MILES RANGE ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS) 177
TABLE 103 150-300 MILES RANGE ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS) 177
13.4 ABOVE 300 MILES 178
13.4.1 ADVANCEMENTS IN BATTERY TECHNOLOGIES TO DRIVE ABOVE 300 MILES SEGMENT 178
TABLE 104 ABOVE 300 MILES RANGE ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2018-2021 (UNITS) 178
TABLE 105 ABOVE 300 MILES RANGE ELECTRIC COMMERCIAL VEHICLES MARKET, BY REGION, 2022-2030 (UNITS) 178
13.5 KEY INDUSTRY INSIGHTS 179

14 ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE 180
14.1 INTRODUCTION 181
FIGURE 60 ELECTRIC VAN SEGMENT TO BE LARGEST MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS) 181
TABLE 106 ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, BY VEHICLE TYPE, 2018-2021 (UNITS) 182
TABLE 107 ELECTRIC COMMERCIAL VEHICLE MARKET SIZE, BY VEHICLE TYPE, 2022-2030 (UNITS) 182
14.1.1 OPERATIONAL DATA 183
TABLE 108 ELECTRIC COMMERCIAL VEHICLE DATA BASED ON VEHICLE TYPE 183
14.1.2 ASSUMPTIONS 184
14.1.3 RESEARCH METHODOLOGY 184
14.2 ELECTRIC BUS 184
14.2.1 ELECTRIC BUS DEMAND TO GROW WITH DEMAND FOR EMISSION-FREE PUBLIC TRANSPORT 184
TABLE 109 ELECTRIC BUS MARKET, BY REGION, 2018-2021 (UNITS) 185
TABLE 110 ELECTRIC BUS MARKET, BY REGION, 2022-2030 (UNITS) 185
14.3 ELECTRIC PICKUP TRUCK 185
14.3.1 ELECTRIC PICKUP SALES TO GROW WITH BEST-IN-CLASS ELECTRIC PICKUPS FRO OEMS 185
TABLE 111 ELECTRIC PICKUP TRUCK MARKET, BY REGION, 2018-2021 (UNITS) 186
TABLE 112 ELECTRIC PICKUP TRUCK MARKET, BY REGION, 2022-2030 (UNITS) 186
14.4 ELECTRIC TRUCK 186
14.4.1 ADVANCEMENTS IN BATTERY TECHNOLOGY TO BOOST ELECTRIC TRUCK MARKET 186
TABLE 113 ELECTRIC TRUCK MARKET, BY REGION, 2018-2021 (UNITS) 187
TABLE 114 ELECTRIC TRUCK MARKET, BY REGION, 2022-2030 (UNITS) 187
14.4.2 MEDIUM-DUTY AND HEAVY-DUTY TRUCKS 187
14.5 ELECTRIC VAN 188
14.5.1 INCREASING DEMAND FROM LOGISTICS PROVIDERS TO DRIVE ELECTRIC VAN MARKET 188
TABLE 115 ELECTRIC VAN MARKET, BY REGION, 2018-2021 (UNITS) 188
TABLE 116 ELECTRIC VAN MARKET, BY REGION, 2022-2030 (UNITS) 188
14.6 KEY INDUSTRY INSIGHTS 189

15 ELECTRIC COMMERCIAL VEHICLE MARKET, BY END USER 190
15.1 INTRODUCTION 191
FIGURE 61 HIGHER ADOPTION OF ELECTRIC COMMERCIAL VEHICLES FOR LAST MILE DELIVERY SERVICES TO LEAD MARKET 191
TABLE 117 ELECTRIC COMMERCIAL VEHICLE MARKET, BY END-USER, 2018-2021 (UNITS) 191
TABLE 118 ELECTRIC COMMERCIAL VEHICLE MARKET, BY END-USER, 2022-2030 (UNITS) 192
15.1.1 OPERATIONAL DATA 192
TABLE 119 END USER BY VEHICLE TYPE 192
15.1.2 ASSUMPTIONS 193
15.1.3 RESEARCH METHODOLOGY 193
15.2 LAST MILE DELIVERY 193
15.3 FIELD SERVICES 194
15.4 DISTRIBUTION SERVICE 194
15.5 LONG HAUL TRANSPORTATION 194
15.6 REFUSE SERVICE 195
15.7 KEY INDUSTRY INSIGHTS 195

16 ELECTRIC TRUCK MARKET, BY TRUCK PAYLOAD CAPACITY 196
16.1 INTRODUCTION 197
FIGURE 62 HIGHER ADOPTION OF PICKUP TRUCKS TO COMMAND HIGHER DEMAND IN UP TO 10,000 LBS SEGMENT 197
TABLE 120 ELECTRIC TRUCK MARKET, BY TRUCK PAYLOAD CAPACITY, 2018-2021 (UNITS) 197
TABLE 121 ELECTRIC TRUCK MARKET, BY TRUCK PAYLOAD CAPACITY, 2022-2030 (UNITS) 198
16.1.1 OPERATIONAL DATA 198
TABLE 122 ELECTRIC TRUCK DATA BASED ON PAYLOAD CAPACITY 198
16.1.2 ASSUMPTIONS 198
16.1.3 RESEARCH METHODOLOGY 199
16.2 UPTO 10,000 LBS 199
16.3 10,001- 26,000 LBS 199
16.4 26,001 LBS AND ABOVE 200
16.5 KEY INDUSTRY INSIGHTS 200

17 ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION 201
17.1 INTRODUCTION 202
FIGURE 63 ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2022-2030 (UNITS) 203
TABLE 123 ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2018-2021 (UNITS) 203
TABLE 124 ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION, 2022-2030 (UNITS) 203
17.2 ASIA PACIFIC 204
FIGURE 64 ASIA PACIFIC: ELECTRIC COMMERCIAL VEHICLE MARKET SNAPSHOT 205
TABLE 125 ASIA PACIFIC: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2018-2021 (UNITS) 205
TABLE 126 ASIA PACIFIC: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2022-2030 (UNITS) 206
17.2.1 CHINA 206
17.2.1.1 Electric buses to dominate Chinese market 206
TABLE 127 CHINA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS) 207
TABLE 128 CHINA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS) 207
17.2.2 JAPAN 208
17.2.2.1 Renowned OEMs to manufacture advanced electric vans in Japan to speed up ECV adoption 208
TABLE 129 JAPAN ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS) 208
TABLE 130 JAPAN ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS) 208
17.2.3 INDIA 209
17.2.3.1 Indian electric commercial vehicle market to witness rapid growth 209
FIGURE 65 REGULATIONS AND POSSIBLE IMPACT FOR ECVS IN INDIA 209
FIGURE 66 INCENTIVE AND REGULATORY LANDSCAPE FOR EVS IN INDIA 210
TABLE 131 INDIA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS) 211
TABLE 132 INDIA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS) 211
17.2.4 SOUTH KOREA 212
17.2.4.1 Explosive growth in demand for electric pickups to lead ECV market in South Korea 212
FIGURE 67 NEW EV INCENTIVE BUDGET IN SOUTH KOREA 212
TABLE 133 SOUTH KOREA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS) 213
TABLE 134 SOUTH KOREA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS) 213
17.3 EUROPE 214
FIGURE 68 EUROPE: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2022-2030 (UNITS) 215
TABLE 135 EUROPE ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2018-2021 (UNITS) 216
TABLE 136 EUROPE ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2022-2030 (UNITS) 216
17.3.1 FRANCE 217
17.3.1.1 Electric van segment to dominate French ECV Market 217
TABLE 137 FRANCE ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS) 217
TABLE 138 FRANCE ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS) 218
17.3.2 GERMANY 218
17.3.2.1 Setup of charging corridors to boost ECV demand in Germany 218
FIGURE 69 E-HIGHWAY PROJECT IN GERMANY DEVELOPED BY SIEMENS 219
TABLE 139 GERMANY ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS) 220
TABLE 140 GERMANY ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS) 220
17.3.3 SPAIN 220
17.3.3.1 Government focus on replacing existing bus and van fleets expected to positively impact ECV market in Spain 220
TABLE 141 SPAIN ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS) 221
TABLE 142 SPAIN ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS) 221
17.3.4 AUSTRIA 221
17.3.4.1 Government incentives to push ECV market in Austria 221
TABLE 143 AUSTRIA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS) 222
TABLE 144 AUSTRIA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS) 222
17.3.5 NORWAY 222
17.3.5.1 Logistics and fleet providers to raise demand in ECV market in Norway 222
TABLE 145 NORWAY ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS) 223
TABLE 146 NORWAY ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS) 223
17.3.6 SWEDEN 224
17.3.6.1 Presence of market-leading OEMs and startups to propel electric commercial vehicle market in Sweden 224
TABLE 147 SWEDEN ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS) 224
TABLE 148 SWEDEN ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS) 225
17.3.7 SWITZERLAND 225
17.3.7.1 Swiss ECV market to grow at fast rate with minimal tax policy for EV imports 225
TABLE 149 SWITZERLAND ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS) 226
TABLE 150 SWITZERLAND ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS) 226
17.3.8 NETHERLANDS 226
17.3.8.1 ECV manufacturing OEMs and attractive government to positively influence ECV market in Netherlands 226
TABLE 151 NETHERLANDS ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS) 227
TABLE 152 NETHERLANDS ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS) 227
17.3.9 BELGIUM 228
17.3.9.1 Higher electric bus and van adoption to speed up market growth in Belgium 228
TABLE 153 BELGIUM ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS) 228
TABLE 154 BELGIUM ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS) 228
17.3.10 UK 229
17.3.10.1 Government electrification roadmap to pace shift to electric for commercial vehicles 229
FIGURE 70 UK EV ROADMAP 230
TABLE 155 UK ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS) 230
TABLE 156 UK ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS) 231
17.3.11 ITALY 231
17.3.11.1 Government incentives to generate higher demand for electric commercial vehicle market in Italy 231
TABLE 157 ITALY ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS) 231
TABLE 158 ITALY ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS) 232
17.3.12 DENMARK 232
17.3.12.1 Favorable government regulations to expand electric commercial vehicle market in Denmark 232
TABLE 159 DENMARK ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS) 232
TABLE 160 DENMARK ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS) 233
17.3.13 PORTUGAL 233
17.3.13.1 Electric vans sales to lead electric commercial vehicle market in Portugal 233
TABLE 161 PORTUGAL ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS) 233
TABLE 162 PORTUGAL ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS) 234
17.3.14 IRELAND 234
17.3.14.1 Favorable policies to support growth of electric commercial vehicle market 234
TABLE 163 IRELAND ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS) 234
TABLE 164 IRELAND ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS) 235
17.4 NORTH AMERICA 236
FIGURE 71 NORTH AMERICA EV BATTERY INITIATIVES 236
FIGURE 72 NORTH AMERICA: ELECTRIC COMMERCIAL VEHICLE MARKET SNAPSHOT 237
TABLE 165 NORTH AMERICA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2018-2021 (UNITS) 237
TABLE 166 NORTH AMERICA: ELECTRIC COMMERCIAL VEHICLE MARKET, BY COUNTRY, 2022-2030 (UNITS) 238
17.4.1 US 238
17.4.1.1 Electric pick-up truck segment to accelerate electric commercial vehicle market in US 238
TABLE 167 US ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS) 239
TABLE 168 US ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS) 239
17.4.2 CANADA 240
17.4.2.1 Electric pickup truck segment to dominate electric commercial vehicle market in Canada 240
TABLE 169 CANADA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2018-2021 (UNITS) 240
TABLE 170 CANADA ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, 2022-2030 (UNITS) 240

18 COMPETITIVE LANDSCAPE 242
18.1 OVERVIEW 242
18.2 MARKET SHARE ANALYSIS FOR ELECTRIC COMMERCIAL VEHICLE MARKET 242
TABLE 171 MARKET SHARE ANALYSIS, 2021 242
FIGURE 73 MARKET SHARE ANALYSIS, 2021 243
18.3 REVENUE ANALYSIS OF TOP 5 COMPANIES 245
FIGURE 74 REVENUE ANALYSIS, 2017-2021 245
18.4 COMPETITIVE SCENARIO 245
18.4.1 DEALS, 2019-2022 245
TABLE 172 DEALS, 2019-2022 246
18.4.2 NEW PRODUCT LAUNCHES, 2019-2022 247
TABLE 173 NEW PRODUCT LAUNCHES, 2019-2022 247
18.4.3 OTHERS, 2019-2022 248
TABLE 174 EXPANSIONS, 2019-2022 248
18.5 COMPANY EVALUATION QUADRANT FOR ELECTRIC COMMERCIAL VEHICLE MARKET 249
18.5.1 STARS 249
18.5.2 EMERGING LEADERS 249
18.5.3 PERVASIVE 249
18.5.4 EMERGING COMPANIES 249
FIGURE 75 ELECTRIC COMMERCIAL VEHICLE MARKET: COMPANY EVALUATION QUADRANT, 2021 250
TABLE 175 ELECTRIC COMMERCIAL VEHICLE MARKET: COMPANY FOOTPRINT, 2022 250
TABLE 176 ELECTRIC COMMERCIAL VEHICLE MARKET: PRODUCT FOOTPRINT, 2021 251
TABLE 177 ELECTRIC COMMERCIAL VEHICLE MARKET: REGIONAL FOOTPRINT, 2022 251
18.6 COMPETITIVE EVALUATION QUADRANT FOR SMES 252
18.6.1 PROGRESSIVE COMPANIES 252
18.6.2 RESPONSIVE COMPANIES 252
18.6.3 DYNAMIC COMPANIES 252
18.6.4 STARTING BLOCKS 252
FIGURE 76 ELECTRIC COMMERCIAL VEHICLE MARKET: COMPETITIVE LEADERSHIP MAPPING SME, 2021 253

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