Electric Commercial Vehicle Market by Vehicle Type (Pickups, Medium and Heavy-Duty Trucks, Vans, Buses), Propulsion, Range, Battery Type, Power Output, Battery Capacity, Component, End User, Body Construction and Region - Global Forecast to 2030
The global electric commercial vehicles market is projected to grow from USD 70.9 Billion in 2024 to USD 255.6 Billion by 2030, registering a CAGR of 23.8%. The global EV market is experiencing explosive growth fueled by government incentives, environmental concerns, and advancements in battery technology. This surge in EV production translates to a higher demand for electric commercial vehicles. Also, electric commercial vehicles operate at lower cost than ICE commercial vehicles. Growing research of EV batteries and EV charging systems will drive the electric commercial vehicle market. Electric vehicle charging stations, battery swapping stations, and fleet stations must be installed globally to meet the growing demand for electric commercial vehicles.
“The BEVs segment to hold largest market share during the forecast period.”
The BEVs segment is expected to hold a larger share of the electric commercial vehicle market during the forecast period. Over the long term, BEVs can offer lower operating costs compared to traditional internal combustion engine vehicles. Lower fuel costs, reduced maintenance requirements (fewer moving parts), and potential incentives or subsidies contribute to a favorable Total Cost of Ownership, making BEVs economically viable for commercial applications. Ongoing advancements in battery technology, such as increased energy density, improved charging infrastructure, and longer battery life, address some of the concerns associated with electric vehicles. These advancements enhance the performance and competitiveness of BEVs in commercial applications. Automotive OEMs around the world also offer commercial BEVs. For instance, in the BEV market, K5, K6, K7M, K8, and K9 are some of the electric commercial bus series offered by BYD. Thus, the aforementioned factors will drive the demand for BEVs in the electric commercial vehicle market during the forecast period.
“NMC batteries is expected to be the largest market in the forecast period.”
NMC batteries hold the largest market share due to the widespread use of these batteries globally. Many leading battery manufacturers, such as CATL (China), LG Energy Solutions (South Korea), Panasonic Corporation (Japan), and BYD (China), produce NMC batteries. NMC (Nickel Manganese Cobalt) batteries are widely adopted in the electric commercial vehicle market. These batteries have balanced cost and performance, making them cost-effective for electric commercial vehicles. This cost-effectiveness is crucial for the commercial sector, where the total cost of ownership is a significant consideration. Many leading OEMs also incorporate NMC batteries in their electric trucks, including Mercedes-Benz e-Actros, Volvo FL Electric, BYD T series, and Rivian R1T. These batteries have a higher energy density than LFP batteries, and the declining cost of NMC batteries further drives the segment.
“The last–mile delivery segment is estimated to lead end use segment market during the forecast period.”
By end use, the last-mile delivery segment is expected to lead the market during the forecast period. This segment’s growth is primarily driven by the evolving landscape of e-commerce and increased consumer demand for efficient and sustainable delivery solutions. Transition towards electric vans is on rise to lower operational cost for last mile deliveries particularly in urban areas. Electric commercial vehicles offer an ideal solution for last-mile delivery, providing a cost-effective and environmentally friendly alternative to traditional gasoline-powered vehicles. Additionally, the push towards stricter emission regulations and sustainability goals, both by governments and businesses, further propels the adoption of electric last-mile delivery vehicles. In September 2023, FedEx Express Europe announced the addition of 23 Mercedes-Benz eSprinter vans in its UK operations.
“Asia Pacific is projected to dominate the market for 151–300 miles segment during the forecast period.”
Asia Pacific is poised to dominate the 151–300 miles segment of the electric commercial vehicle market in the coming years, primarily due to the increasing use of electric trucks and vans for urban deliveries and transport. These vehicles balance range and versatility, making them well-suited for regional logistics and inter-city transport in densely populated and dynamic markets. Moreover, the region’s commitment to sustainable practices aligns with electric vehicles' zero-emission and low-noise characteristics, addressing environmental concerns and contributing to cleaner and quieter urban environments. Regional market players such as BYD (China) and Yutong (China) offer various electric commercial vehicles ranging from 151 to 300 miles. For instance, BYD’s E1 pickup truck has a range of around 155 miles. The company also offers the T5 electric van with a range of up to 190 miles and the K6 electric bus with a range of up to 165 miles. As the transportation industry in Asia Pacific continues to prioritize efficiency and eco-friendliness, the demand for electric commercial vehicles with a range of 151–300 miles is expected to witness substantial growth, establishing the region as a leader in this pivotal segment.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
Research Coverage:
The Market Study Covers the electric commercial vehicle market By Propulsion (BEV, FCEV), Vehicle Type (Medium-duty Trucks, Heavy-duty Truck, Electric Pickup Trucks, Light Vans, Full-size Vans and Buses & Coaches), Range, Battery Type (LFP Batteries, NMC Batteries, Solid-state Batteries, and Others), Power Output (Less than 100 kW, 100?250 kW, and Above 250 kW), Battery Capacity (Less than 60 kWh, 60?120 kWh, 121?200 kWh, 201?300 kWh, 301?500 kWh, and 501?1,000 kWh), Component (Battery Packs, Onboard Chargers, Electric Motors, Inverters, DC-DC Converters, Fuel-cell Stacks, E-Axels (Including Gearboxes)), End Use (Last-mile Delivery, Field Services, Distribution Services, Refuse Trucks, Long-haul Transportation), by Body Construction (Integrated, Semi-integrated, and Full-sized ) and Region (Asia Pacific, Europe and North America). It also covers the competitive landscape and company profiles of the major players in the electric commercial vehicle market ecosystem.
Key Benefits of the Report
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.
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall electric commercial vehicle market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
“The BEVs segment to hold largest market share during the forecast period.”
The BEVs segment is expected to hold a larger share of the electric commercial vehicle market during the forecast period. Over the long term, BEVs can offer lower operating costs compared to traditional internal combustion engine vehicles. Lower fuel costs, reduced maintenance requirements (fewer moving parts), and potential incentives or subsidies contribute to a favorable Total Cost of Ownership, making BEVs economically viable for commercial applications. Ongoing advancements in battery technology, such as increased energy density, improved charging infrastructure, and longer battery life, address some of the concerns associated with electric vehicles. These advancements enhance the performance and competitiveness of BEVs in commercial applications. Automotive OEMs around the world also offer commercial BEVs. For instance, in the BEV market, K5, K6, K7M, K8, and K9 are some of the electric commercial bus series offered by BYD. Thus, the aforementioned factors will drive the demand for BEVs in the electric commercial vehicle market during the forecast period.
“NMC batteries is expected to be the largest market in the forecast period.”
NMC batteries hold the largest market share due to the widespread use of these batteries globally. Many leading battery manufacturers, such as CATL (China), LG Energy Solutions (South Korea), Panasonic Corporation (Japan), and BYD (China), produce NMC batteries. NMC (Nickel Manganese Cobalt) batteries are widely adopted in the electric commercial vehicle market. These batteries have balanced cost and performance, making them cost-effective for electric commercial vehicles. This cost-effectiveness is crucial for the commercial sector, where the total cost of ownership is a significant consideration. Many leading OEMs also incorporate NMC batteries in their electric trucks, including Mercedes-Benz e-Actros, Volvo FL Electric, BYD T series, and Rivian R1T. These batteries have a higher energy density than LFP batteries, and the declining cost of NMC batteries further drives the segment.
“The last–mile delivery segment is estimated to lead end use segment market during the forecast period.”
By end use, the last-mile delivery segment is expected to lead the market during the forecast period. This segment’s growth is primarily driven by the evolving landscape of e-commerce and increased consumer demand for efficient and sustainable delivery solutions. Transition towards electric vans is on rise to lower operational cost for last mile deliveries particularly in urban areas. Electric commercial vehicles offer an ideal solution for last-mile delivery, providing a cost-effective and environmentally friendly alternative to traditional gasoline-powered vehicles. Additionally, the push towards stricter emission regulations and sustainability goals, both by governments and businesses, further propels the adoption of electric last-mile delivery vehicles. In September 2023, FedEx Express Europe announced the addition of 23 Mercedes-Benz eSprinter vans in its UK operations.
“Asia Pacific is projected to dominate the market for 151–300 miles segment during the forecast period.”
Asia Pacific is poised to dominate the 151–300 miles segment of the electric commercial vehicle market in the coming years, primarily due to the increasing use of electric trucks and vans for urban deliveries and transport. These vehicles balance range and versatility, making them well-suited for regional logistics and inter-city transport in densely populated and dynamic markets. Moreover, the region’s commitment to sustainable practices aligns with electric vehicles' zero-emission and low-noise characteristics, addressing environmental concerns and contributing to cleaner and quieter urban environments. Regional market players such as BYD (China) and Yutong (China) offer various electric commercial vehicles ranging from 151 to 300 miles. For instance, BYD’s E1 pickup truck has a range of around 155 miles. The company also offers the T5 electric van with a range of up to 190 miles and the K6 electric bus with a range of up to 165 miles. As the transportation industry in Asia Pacific continues to prioritize efficiency and eco-friendliness, the demand for electric commercial vehicles with a range of 151–300 miles is expected to witness substantial growth, establishing the region as a leader in this pivotal segment.
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: OEMs – 50%, Tier I – 20%, Tier II– 30%,
- By Designation: CXOs – 15%, Directors– 20%, Others– 65%
- By Region: North America– 30%, Europe – 20%, Asia Pacific– 50%
Research Coverage:
The Market Study Covers the electric commercial vehicle market By Propulsion (BEV, FCEV), Vehicle Type (Medium-duty Trucks, Heavy-duty Truck, Electric Pickup Trucks, Light Vans, Full-size Vans and Buses & Coaches), Range, Battery Type (LFP Batteries, NMC Batteries, Solid-state Batteries, and Others), Power Output (Less than 100 kW, 100?250 kW, and Above 250 kW), Battery Capacity (Less than 60 kWh, 60?120 kWh, 121?200 kWh, 201?300 kWh, 301?500 kWh, and 501?1,000 kWh), Component (Battery Packs, Onboard Chargers, Electric Motors, Inverters, DC-DC Converters, Fuel-cell Stacks, E-Axels (Including Gearboxes)), End Use (Last-mile Delivery, Field Services, Distribution Services, Refuse Trucks, Long-haul Transportation), by Body Construction (Integrated, Semi-integrated, and Full-sized ) and Region (Asia Pacific, Europe and North America). It also covers the competitive landscape and company profiles of the major players in the electric commercial vehicle market ecosystem.
Key Benefits of the Report
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.
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall electric commercial vehicle market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Decreasing cost of EV batteries, rising fossil fuel prices, increasing demand for emission-free electric commercial vehicles in logistics industry, government initiatives promoting electric commercial vehicle adoption), restraints (High development costs, concerns over battery safety, insufficient EV charging infrastructure), opportunities (New revenue pockets in North America and Northern Europe, development of wireless EV charging technology for on-the-go charging), and challenges (Limited battery capacity, low availability of lithium for EV batteries, insufficient grid infrastructure) influencing the growth of the electric commercial vehicle market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the electric commercial vehicle market
- Market Development: Comprehensive information about lucrative markets – the report analyses the electric commercial vehicle market across varied regions
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the electric commercial vehicle market
- Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like BYD (China), Mercedes-Benz Group AG (Germany), Yutong (China), AB Volvo (Sweden), Ford Motor Company (US) and among others in the electric commercial vehicle market Page 25 of 34 strategies.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 REGIONS COVERED
1.3.2 YEARS CONSIDERED
1.3.3 CURRENCY CONSIDERED
1.4 STAKEHOLDERS
1.5 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.1.2 List of secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of primary interviews
2.1.2.2 Sampling techniques & data collection methods
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH: ELECTRIC COMMERCIAL VEHICLE MARKET
2.2.2 TOP-DOWN APPROACH: ELECTRIC COMMERCIAL VEHICLE MARKET
2.3 DATA TRIANGULATION
2.4 FACTOR ANALYSIS
2.4.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES
2.5 RESEARCH ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELECTRIC COMMERCIAL VEHICLE MARKET
4.2 ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE
4.3 ELECTRIC COMMERCIAL VEHICLE MARKET, BY PROPULSION
4.4 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY TYPE
4.5 ELECTRIC COMMERCIAL VEHICLE MARKET, BY RANGE
4.6 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY CAPACITY
4.7 ELECTRIC COMMERCIAL VEHICLE MARKET, BY POWER OUTPUT
4.8 ELECTRIC COMMERCIAL VEHICLE MARKET, BY END USE
4.9 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BODY CONSTRUCTION
4.10 ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Decreasing cost of EV batteries
5.2.1.2 Rising fossil fuel prices
5.2.1.3 Increasing demand for emission-free electric commercial vehicles in logistics industry
5.2.1.4 Government initiatives promoting electric commercial vehicle adoption
5.2.2 RESTRAINTS
5.2.2.1 High development costs
5.2.2.2 Concerns over battery safety
5.2.2.3 Insufficient EV charging infrastructure
5.2.3 OPPORTUNITIES
5.2.3.1 New revenue pockets in North America and Northern Europe
5.2.3.2 Development of wireless EV charging technology for on-the-go charging
5.2.4 CHALLENGES
5.2.4.1 Limited battery capacity
5.2.4.2 Low availability of lithium for EV batteries
5.2.4.3 Insufficient grid infrastructure
5.3 PRICING ANALYSIS
5.3.1 AVERAGE SELLING PRICE TREND, BY VEHICLE TYPE
5.3.2 PRICING ANALYSIS, BY REGION
5.4 POTENTIAL ELECTRIC COMMERCIAL VEHICLE LAUNCHES BY OEMS
5.5 BILL OF MATERIALS
5.6 OEM SOURCING STRATEGIES
5.6.1 SOURCING STRATEGIES BY ELECTRIC COMMERCIAL VEHICLE OEMS
5.6.2 OEM MOTOR RATING ANALYSIS, BY RANGE
5.6.3 COMPETITIVE MARKET ASSESSMENT, BY PAYLOAD CAPACITY
5.7 SUPPLY CHAIN ANALYSIS
5.8 ECOSYSTEM MAPPING
5.8.1 EV CHARGING INFRASTRUCTURE PROVIDERS
5.8.2 COMPONENT MANUFACTURERS
5.8.3 TIER II SUPPLIERS
5.8.4 TIER I SUPPLIERS
5.8.5 RAW MATERIAL SUPPLIERS
5.8.6 OEMS
5.9 TOTAL COST OF OWNERSHIP
5.9.1 TOTAL COST OF OWNERSHIP: DIESEL VS. ELECTRIC BUSES
5.10 INSIGHTS ON ELECTRIC COMMERCIAL VEHICLES
5.10.1 RANGE/BATTERY CAPACITY
5.10.2 RANGE/END USE
5.10.3 BATTERY CAPACITY/END USE
5.10.4 POWER/CHARGING DURATION
5.11 CASE STUDY ANALYSIS
5.11.1 ASSESSMENT OF INVESTMENT IN ELECTRIC BUSES
5.11.2 USER EXPERIENCE OF BATTERY-ELECTRIC TRUCKS IN NORWAY
5.11.3 ELECTRIC VEHICLE FLEETS FOR PUBLIC SECTOR IN VERMONT
5.12 INVESTMENT AND FUNDING SCENARIO
5.13 PATENT ANALYSIS
5.13.1 INTRODUCTION
5.14 TECHNOLOGY ANALYSIS
5.14.1 FUTURE TECHNOLOGY OVERVIEW
5.14.2 OFFBOARD TOP-DOWN PANTOGRAPH CHARGING SYSTEMS
5.14.3 ONBOARD BOTTOM-UP PANTOGRAPH CHARGING SYSTEMS
5.14.4 GROUND-BASED STATIC/DYNAMIC WIRELESS CHARGING SYSTEMS
5.14.5 PACKAGED FUEL CELL SYSTEM MODULES
5.14.6 METHANE FUEL CELLS
5.14.7 SMART CHARGING SYSTEMS
5.14.8 IOT IN ELECTRIC VEHICLES
5.14.9 SOLID-STATE BATTERIES
5.15 TRADE ANALYSIS
5.15.1 IMPORT SCENARIO (HS CODE 8702)
5.15.2 EXPORT SCENARIO (HS CODE 8702)
5.16 REGULATORY LANDSCAPE
5.16.1 COUNTRY-WISE REGULATIONS
5.16.1.1 Netherlands
5.16.1.2 Germany
5.16.1.3 France
5.16.1.4 UK
5.16.1.5 China
5.16.1.6 US
5.16.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.17 KEY CONFERENCES AND EVENTS, 2025–2026
5.18 KEY STAKEHOLDERS AND BUYING CRITERIA
5.18.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.18.2 BUYING CRITERIA
5.19 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6 ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE
6.1 INTRODUCTION
6.1.1 OPERATIONAL DATA
6.2 PICKUP TRUCKS
6.2.1 INCREASED OFFERINGS FROM OEMS TO DRIVE MARKET
6.3 TRUCKS
6.3.1 DEVELOPMENT OF ELECTRIC TRUCKS BY AUTOMOTIVE OEMS TO DRIVE MARKET
6.3.1.1 Medium-duty trucks
6.3.1.2 Heavy-duty trucks
6.4 VANS
6.4.1 BOOMING LOGISTICS INDUSTRY TO DRIVE MARKET
6.4.1.1 Light vans
6.4.1.2 Full-size vans
6.5 BUSES & COACHES
6.5.1 GROWING DEMAND FOR EMISSION-FREE PUBLIC TRANSPORT
TO DRIVE MARKET
6.6 KEY INDUSTRY INSIGHTS
7 ELECTRIC COMMERCIAL VEHICLE MARKET, BY PROPULSION
7.1 INTRODUCTION
7.1.1 OPERATIONAL DATA
7.2 BEVS
7.2.1 ADVANCEMENTS IN BATTERY TECHNOLOGY TO DRIVE MARKET
7.3 FCEVS
7.3.1 ONGOING DEVELOPMENTS BY OEMS TO DRIVE MARKET
7.4 KEY INDUSTRY INSIGHTS
8 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY TYPE
8.1 INTRODUCTION
8.2 NMC BATTERIES
8.2.1 HIGH DENSITY AND COMPACT SIZE TO DRIVE MARKET
8.3 LFP BATTERIES
8.3.1 AFFORDABILITY AND SUPERIOR SAFETY TO DRIVE MARKET
8.4 SOLID-STATE BATTERIES
8.4.1 FAST RECHARGING CAPABILITIES TO DRIVE MARKET
8.5 OTHERS
8.6 KEY INDUSTRY INSIGHTS
9 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY CAPACITY
9.1 INTRODUCTION
9.2 LESS THAN 60 KWH
9.2.1 INCREASING ADOPTION OF COMPACT ELECTRIC VANS FOR LOCAL TRANSPORTATION TO DRIVE MARKET
9.3 60–120 KWH
9.3.1 NORTH AMERICAN GOVERNMENT POLICIES FOR ELECTRIFICATION OF TRANSPORTATION TO DRIVE MARKET
9.4 121–200 KWH
9.4.1 RISING ADOPTION OF ELECTRIFICATION IN TRANSPORT SECTOR TO DRIVE MARKET
9.5 201–300 KWH
9.5.1 IMPROVED DRIVING RANGE TO FUEL MARKET GROWTH
9.6 301–500 KWH
9.6.1 INCREASING PREFERENCE FOR LONG-HAUL ELECTRIC COMMERCIAL VEHICLES TO DRIVE MARKET
9.7 501–1,000 KWH
9.7.1 RISING E-COMMERCE AND RETAIL SECTORS TO DRIVE MARKET
9.8 KEY INDUSTRY INSIGHTS
10 ELECTRIC COMMERCIAL VEHICLE MARKET, BY POWER OUTPUT
10.1 INTRODUCTION
10.2 LESS THAN 100 KW
10.2.1 GROWING ADOPTION OF ELECTRIC VANS FOR DELIVERIES BY LOGISTICS INDUSTRY TO DRIVE MARKET
10.3 100–250 KW
10.3.1 INCREASING DEMAND FOR ELECTRIC TRUCKS AND BUSES TO DRIVE MARKET
10.4 ABOVE 250 KW
10.4.1 RISING DEMAND FOR HIGH-POWERED ELECTRIC TRUCKS AND PICKUP TRUCKS TO DRIVE MARKET
10.5 KEY INDUSTRY INSIGHTS
11 ELECTRIC COMMERCIAL VEHICLE MARKET, BY RANGE
11.1 INTRODUCTION
11.2 LESS THAN 150 MILES
11.2.1 E-COMMERCE BOOM AND DELIVERY DEMANDS TO DRIVE MARKET
11.3 151–300 MILES
11.3.1 RISING DEMAND FOR ELECTRIC TRUCKS FROM TRANSPORTATION INDUSTRY TO DRIVE MARKET
11.4 ABOVE 300 MILES
11.4.1 RISING ADOPTION OF ELECTRIC PICKUP TRUCKS TO DRIVE MARKET
11.5 KEY INDUSTRY INSIGHTS
12 ELECTRIC COMMERCIAL VEHICLE MARKET, BY END USE
12.1 INTRODUCTION
12.2 LAST-MILE DELIVERY
12.2.1 RISING DEMAND FOR VEHICLE ELECTRIFICATION IN E-COMMERCE SECTOR TO DRIVE MARKET
12.3 FIELD SERVICES
12.3.1 RISING DEMAND FOR GREEN MOBILITY IN FIELD SERVICES SECTOR TO DRIVE MARKET
12.4 DISTRIBUTION SERVICES
12.4.1 INCREASING RELIANCE ON DELIVERY SERVICES TO FUEL MARKET EXPANSION
12.5 LONG-HAUL TRANSPORTATION
12.5.1 PUSH FOR SUSTAINABLE TRANSPORTATION TO DRIVE MARKET
12.6 REFUSE TRUCKS
12.6.1 GROWING PUBLIC AWARENESS ABOUT RESPONSIBLE WASTE COLLECTION TO DRIVE MARKET
12.7 KEY INDUSTRY INSIGHTS
13 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BODY CONSTRUCTION
13.1 INTRODUCTION
13.2 INTEGRATED
13.2.1 REDUCED PRODUCTION COSTS TO DRIVE MARKET
13.3 SEMI-INTEGRATED
13.3.1 IMPROVED STRUCTURAL STRENGTH TO DRIVE MARKET
13.4 FULL-SIZED
13.4.1 SPACIOUS CARGO CAPACITY TO DRIVE MARKET
13.5 KEY INDUSTRY INSIGHTS
14 ELECTRIC COMMERCIAL VEHICLE MARKET, BY COMPONENT
14.1 INTRODUCTION
14.2 BATTERY PACKS
14.3 ONBOARD CHARGERS
14.4 ELECTRIC MOTORS
14.5 INVERTERS
14.6 DC-DC CONVERTERS
14.7 FUEL-CELL STACKS
15 ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION
15.1 INTRODUCTION
15.2 ASIA PACIFIC
15.2.1 MACROECONOMIC OUTLOOK
15.2.2 CHINA
15.2.2.1 Predominance of leading players to drive market
15.2.3 JAPAN
15.2.3.1 Increased investments in automotive R&D to drive market
15.2.4 INDIA
15.2.4.1 Expansion of major OEMs to support market growth
15.2.5 SOUTH KOREA
15.2.5.1 Rising demand for electric pickup trucks to drive market
15.3 EUROPE
15.3.1 MACROECONOMIC OUTLOOK
15.3.2 FRANCE
15.3.2.1 Increased adoption of electric vans for delivery purposes to drive market
15.3.3 GERMANY
15.3.3.1 Setting up of charging corridors to drive market
15.3.4 SPAIN
15.3.4.1 Government focus on replacing existing bus and van fleets to drive market
15.3.5 AUSTRIA
15.3.5.1 Government incentives to drive market
15.3.6 NORWAY
15.3.6.1 Development of charging infrastructure to drive market
15.3.7 SWEDEN
15.3.7.1 Presence of market-leading OEMs and startups to drive market
15.3.8 NETHERLANDS
15.3.8.1 Advancement in EV charging infrastructure to drive market
15.3.9 UK
15.3.9.1 Government electrification roadmap to drive market
15.3.10 ITALY
15.3.10.1 Advancements in electric commercial vehicles to drive market
15.3.11 OTHERS
15.4 NORTH AMERICA
15.4.1 MACROECONOMIC OUTLOOK
15.4.2 US
15.4.2.1 Rising adoption of electric vans to drive market
15.4.3 CANADA
15.4.3.1 Government plans to electrify transit to drive market
16 COMPETITIVE LANDSCAPE
16.1 OVERVIEW
16.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
16.2.1 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN ELECTRIC COMMERCIAL VEHICLES MARKET
16.3 MARKET SHARE ANALYSIS, 2024
16.4 REVENUE ANALYSIS, 2019–2023
16.5 COMPANY VALUATION AND FINANCIAL METRICS
16.5.1 COMPANY VALUATION
16.5.2 FINANCIAL METRICS
16.6 ELECTRIC BUS COMPARISON BY OEMS
16.7 BRAND/PRODUCT COMPARISON
16.8 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
16.8.1 STARS
16.8.2 EMERGING LEADERS
16.8.3 PERVASIVE PLAYERS
16.8.4 PARTICIPANTS
16.8.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024
16.8.5.1 Company Footprint
16.8.5.2 Regional Footprint
16.8.5.3 Vehicle Type Footprint
16.8.5.4 Propulsion Type Footprint
16.8.5.5 Battery Type Footprint
16.9 COMPANY EVALUATION MATRIX: STARTUPS/SMES , 2024
16.9.1 PROGRESSIVE COMPANIES
16.9.2 RESPONSIVE COMPANIES
16.9.3 DYNAMIC COMPANIES
16.9.4 STARTING BLOCKS
16.9.5 COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2024
16.9.5.1 Detailed list of key startups/SMEs
16.10 COMPETITIVE SCENARIO
16.10.1 PRODUCT LAUNCHES
16.10.2 DEALS
16.10.3 EXPANSIONS
16.10.4 OTHER DEVELOPMENTS
17 COMPANY PROFILES
17.1 KEY PLAYERS
17.1.1 BYD
17.1.1.1 Business overview
17.1.1.2 Products offered
17.1.1.3 Recent developments
17.1.1.3.1 Product launches
17.1.1.3.2 Deals
17.1.1.3.3 Expansions
17.1.1.3.4 Other developments
17.1.1.4 MnM view
17.1.1.4.1 Key strengths
17.1.1.4.2 Strategic choices
17.1.1.4.3 Weaknesses and competitive threats
17.1.2 MERCEDES-BENZ GROUP AG
17.1.2.1 Business overview
17.1.2.2 Products offered
17.1.2.3 Recent developments
17.1.2.3.1 Product launches
17.1.2.3.2 Deals
17.1.2.3.3 Expansions
17.1.2.3.4 Other developments
17.1.2.4 MnM view
17.1.2.4.1 Key strengths
17.1.2.4.2 Strategic choices
17.1.2.4.3 Weaknesses and competitive threats
17.1.3 YUTONG BUS CO., LTD.
17.1.3.1 Business overview
17.1.3.2 Products offered
17.1.3.3 Recent developments
17.1.3.3.1 Product launches
17.1.3.3.2 Deals
17.1.3.3.3 Expansions
17.1.3.4 Other developments
17.1.3.5 MnM view
17.1.3.5.1 Key strengths
17.1.3.5.2 Strategic choices
17.1.3.5.3 Weaknesses and competitive threats
17.1.4 AB VOLVO
17.1.4.1 Business overview
17.1.4.2 Products offered
17.1.4.3 Recent developments
17.1.4.3.1 Product launches
17.1.4.3.2 Deals
17.1.4.3.3 Expansions
17.1.4.4 MnM view
17.1.4.4.1 Key strengths
17.1.4.4.2 Strategic choices
17.1.4.4.3 Weaknesses and competitive threats
17.1.5 FORD MOTOR COMPANY
17.1.5.1 Business overview
17.1.5.2 Products offered
17.1.5.3 Recent developments
17.1.5.3.1 Product launches
17.1.5.3.2 Deals
17.1.5.3.3 Expansions
17.1.5.3.4 Other developments
17.1.5.4 MnM view
17.1.5.4.1 Key strengths
17.1.5.4.2 Strategic choices
17.1.5.4.3 Weaknesses and competitive threats
17.1.6 TESLA, INC.
17.1.6.1 Business overview
17.1.6.2 Products offered
17.1.6.3 Recent development
17.1.6.3.1 Product launches
17.1.6.3.2 Deals
17.1.6.3.3 Expansions
17.1.7 RENAULT
17.1.7.1 Business overview
17.1.7.2 Products offered
17.1.7.3 Recent development
17.1.7.3.1 Product launches
17.1.7.3.2 Deals
17.1.7.3.3 Expansions
17.1.7.3.4 Other developments
17.1.8 PACCAR INC.
17.1.8.1 Business overview
17.1.8.2 Products offered
17.1.8.3 Recent developments
17.1.8.3.1 Product launches
17.1.8.3.2 Deals
17.1.8.3.3 Expansions
17.1.8.3.4 Other developments
17.1.9 SCANIA AB
17.1.9.1 Business overview
17.1.9.2 Products offered
17.1.9.3 Recent developments
17.1.9.3.1 Product launches
17.1.9.3.2 Deals
17.1.9.3.3 Expansions
17.1.9.3.4 Other developments
17.1.10 DONGFENG MOTOR CORPORATION
17.1.10.1 Business overview
17.1.10.2 Products offered
17.1.10.3 Recent developments
17.1.10.3.1 Product launches
17.1.10.3.2 Deals
17.1.10.3.3 Expansions
17.1.10.3.4 Other developments
17.1.11 GENERAL MOTORS
17.1.11.1 Business overview
17.1.11.2 Products offered
17.1.11.3 Recent developments
17.1.11.3.1 Product launches
17.1.11.3.2 Deals
17.1.11.3.3 Expansions
17.1.11.3.4 Other developments
17.1.12 VDL GROEP
17.1.12.1 Business overview
17.1.12.2 Products offered
17.1.12.3 Recent developments
17.1.12.3.1 Product launches
17.1.12.3.2 Deals
17.1.12.3.3 Expansions
17.1.12.3.4 Other developments
17.1.13 RIVIAN
17.1.13.1 Business overview
17.1.13.2 Products offered
17.1.13.3 Recent developments
17.1.13.3.1 Product launches
17.1.13.3.2 Deals
17.1.13.3.3 Expansions
17.2 OTHER PLAYERS
17.2.1 TATA MOTORS LIMITED
17.2.2 WORKHORSE GROUP
17.2.3 NIKOLA CORPORATION
17.2.4 ASHOK LEYLAND
17.2.5 ISUZU MOTORS LTD.
17.2.6 IRIZAR GROUP
17.2.7 IVECO
17.2.8 BOLLINGER MOTORS
17.2.9 XOS TRUCKS INC.
17.2.10 MAN SE
17.2.11 GOLDEN DRAGON
17.2.12 ZENITH MOTORS
17.2.13 ARRIVAL
17.2.14 LORDSTOWN MOTORS
18 RECOMMENDATIONS BY MARKETSANDMARKETS
18.1 ASIA PACIFIC TO BE SIGNIFICANT MARKET FOR ELECTRIC COMMERCIAL VEHICLES
18.2 LESS THAN 150 MILES TO EMERGE AS LARGEST MARKET SEGMENT
18.3 NMC BATTERIES TO BE PROMISING SEGMENT
18.4 CONCLUSION
19 APPENDIX
19.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
19.2 DISCUSSION GUIDE
19.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
19.4 CUSTOMIZATION OPTIONS
19.4.1 PROFILING OF ADDITIONAL MARKET PLAYERS (UP TO 5)
19.4.2 ELECTRIC COMMERCIAL VEHICLE MARKET, BY END USE, AT REGIONAL LEVEL
19.4.3 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BODY CONSTRUCTION AT REGIONAL LEVEL
19.5 RELATED REPORTS
19.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 REGIONS COVERED
1.3.2 YEARS CONSIDERED
1.3.3 CURRENCY CONSIDERED
1.4 STAKEHOLDERS
1.5 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.1.2 List of secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of primary interviews
2.1.2.2 Sampling techniques & data collection methods
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH: ELECTRIC COMMERCIAL VEHICLE MARKET
2.2.2 TOP-DOWN APPROACH: ELECTRIC COMMERCIAL VEHICLE MARKET
2.3 DATA TRIANGULATION
2.4 FACTOR ANALYSIS
2.4.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES
2.5 RESEARCH ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELECTRIC COMMERCIAL VEHICLE MARKET
4.2 ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE
4.3 ELECTRIC COMMERCIAL VEHICLE MARKET, BY PROPULSION
4.4 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY TYPE
4.5 ELECTRIC COMMERCIAL VEHICLE MARKET, BY RANGE
4.6 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY CAPACITY
4.7 ELECTRIC COMMERCIAL VEHICLE MARKET, BY POWER OUTPUT
4.8 ELECTRIC COMMERCIAL VEHICLE MARKET, BY END USE
4.9 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BODY CONSTRUCTION
4.10 ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Decreasing cost of EV batteries
5.2.1.2 Rising fossil fuel prices
5.2.1.3 Increasing demand for emission-free electric commercial vehicles in logistics industry
5.2.1.4 Government initiatives promoting electric commercial vehicle adoption
5.2.2 RESTRAINTS
5.2.2.1 High development costs
5.2.2.2 Concerns over battery safety
5.2.2.3 Insufficient EV charging infrastructure
5.2.3 OPPORTUNITIES
5.2.3.1 New revenue pockets in North America and Northern Europe
5.2.3.2 Development of wireless EV charging technology for on-the-go charging
5.2.4 CHALLENGES
5.2.4.1 Limited battery capacity
5.2.4.2 Low availability of lithium for EV batteries
5.2.4.3 Insufficient grid infrastructure
5.3 PRICING ANALYSIS
5.3.1 AVERAGE SELLING PRICE TREND, BY VEHICLE TYPE
5.3.2 PRICING ANALYSIS, BY REGION
5.4 POTENTIAL ELECTRIC COMMERCIAL VEHICLE LAUNCHES BY OEMS
5.5 BILL OF MATERIALS
5.6 OEM SOURCING STRATEGIES
5.6.1 SOURCING STRATEGIES BY ELECTRIC COMMERCIAL VEHICLE OEMS
5.6.2 OEM MOTOR RATING ANALYSIS, BY RANGE
5.6.3 COMPETITIVE MARKET ASSESSMENT, BY PAYLOAD CAPACITY
5.7 SUPPLY CHAIN ANALYSIS
5.8 ECOSYSTEM MAPPING
5.8.1 EV CHARGING INFRASTRUCTURE PROVIDERS
5.8.2 COMPONENT MANUFACTURERS
5.8.3 TIER II SUPPLIERS
5.8.4 TIER I SUPPLIERS
5.8.5 RAW MATERIAL SUPPLIERS
5.8.6 OEMS
5.9 TOTAL COST OF OWNERSHIP
5.9.1 TOTAL COST OF OWNERSHIP: DIESEL VS. ELECTRIC BUSES
5.10 INSIGHTS ON ELECTRIC COMMERCIAL VEHICLES
5.10.1 RANGE/BATTERY CAPACITY
5.10.2 RANGE/END USE
5.10.3 BATTERY CAPACITY/END USE
5.10.4 POWER/CHARGING DURATION
5.11 CASE STUDY ANALYSIS
5.11.1 ASSESSMENT OF INVESTMENT IN ELECTRIC BUSES
5.11.2 USER EXPERIENCE OF BATTERY-ELECTRIC TRUCKS IN NORWAY
5.11.3 ELECTRIC VEHICLE FLEETS FOR PUBLIC SECTOR IN VERMONT
5.12 INVESTMENT AND FUNDING SCENARIO
5.13 PATENT ANALYSIS
5.13.1 INTRODUCTION
5.14 TECHNOLOGY ANALYSIS
5.14.1 FUTURE TECHNOLOGY OVERVIEW
5.14.2 OFFBOARD TOP-DOWN PANTOGRAPH CHARGING SYSTEMS
5.14.3 ONBOARD BOTTOM-UP PANTOGRAPH CHARGING SYSTEMS
5.14.4 GROUND-BASED STATIC/DYNAMIC WIRELESS CHARGING SYSTEMS
5.14.5 PACKAGED FUEL CELL SYSTEM MODULES
5.14.6 METHANE FUEL CELLS
5.14.7 SMART CHARGING SYSTEMS
5.14.8 IOT IN ELECTRIC VEHICLES
5.14.9 SOLID-STATE BATTERIES
5.15 TRADE ANALYSIS
5.15.1 IMPORT SCENARIO (HS CODE 8702)
5.15.2 EXPORT SCENARIO (HS CODE 8702)
5.16 REGULATORY LANDSCAPE
5.16.1 COUNTRY-WISE REGULATIONS
5.16.1.1 Netherlands
5.16.1.2 Germany
5.16.1.3 France
5.16.1.4 UK
5.16.1.5 China
5.16.1.6 US
5.16.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.17 KEY CONFERENCES AND EVENTS, 2025–2026
5.18 KEY STAKEHOLDERS AND BUYING CRITERIA
5.18.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.18.2 BUYING CRITERIA
5.19 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6 ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE
6.1 INTRODUCTION
6.1.1 OPERATIONAL DATA
6.2 PICKUP TRUCKS
6.2.1 INCREASED OFFERINGS FROM OEMS TO DRIVE MARKET
6.3 TRUCKS
6.3.1 DEVELOPMENT OF ELECTRIC TRUCKS BY AUTOMOTIVE OEMS TO DRIVE MARKET
6.3.1.1 Medium-duty trucks
6.3.1.2 Heavy-duty trucks
6.4 VANS
6.4.1 BOOMING LOGISTICS INDUSTRY TO DRIVE MARKET
6.4.1.1 Light vans
6.4.1.2 Full-size vans
6.5 BUSES & COACHES
6.5.1 GROWING DEMAND FOR EMISSION-FREE PUBLIC TRANSPORT
TO DRIVE MARKET
6.6 KEY INDUSTRY INSIGHTS
7 ELECTRIC COMMERCIAL VEHICLE MARKET, BY PROPULSION
7.1 INTRODUCTION
7.1.1 OPERATIONAL DATA
7.2 BEVS
7.2.1 ADVANCEMENTS IN BATTERY TECHNOLOGY TO DRIVE MARKET
7.3 FCEVS
7.3.1 ONGOING DEVELOPMENTS BY OEMS TO DRIVE MARKET
7.4 KEY INDUSTRY INSIGHTS
8 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY TYPE
8.1 INTRODUCTION
8.2 NMC BATTERIES
8.2.1 HIGH DENSITY AND COMPACT SIZE TO DRIVE MARKET
8.3 LFP BATTERIES
8.3.1 AFFORDABILITY AND SUPERIOR SAFETY TO DRIVE MARKET
8.4 SOLID-STATE BATTERIES
8.4.1 FAST RECHARGING CAPABILITIES TO DRIVE MARKET
8.5 OTHERS
8.6 KEY INDUSTRY INSIGHTS
9 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BATTERY CAPACITY
9.1 INTRODUCTION
9.2 LESS THAN 60 KWH
9.2.1 INCREASING ADOPTION OF COMPACT ELECTRIC VANS FOR LOCAL TRANSPORTATION TO DRIVE MARKET
9.3 60–120 KWH
9.3.1 NORTH AMERICAN GOVERNMENT POLICIES FOR ELECTRIFICATION OF TRANSPORTATION TO DRIVE MARKET
9.4 121–200 KWH
9.4.1 RISING ADOPTION OF ELECTRIFICATION IN TRANSPORT SECTOR TO DRIVE MARKET
9.5 201–300 KWH
9.5.1 IMPROVED DRIVING RANGE TO FUEL MARKET GROWTH
9.6 301–500 KWH
9.6.1 INCREASING PREFERENCE FOR LONG-HAUL ELECTRIC COMMERCIAL VEHICLES TO DRIVE MARKET
9.7 501–1,000 KWH
9.7.1 RISING E-COMMERCE AND RETAIL SECTORS TO DRIVE MARKET
9.8 KEY INDUSTRY INSIGHTS
10 ELECTRIC COMMERCIAL VEHICLE MARKET, BY POWER OUTPUT
10.1 INTRODUCTION
10.2 LESS THAN 100 KW
10.2.1 GROWING ADOPTION OF ELECTRIC VANS FOR DELIVERIES BY LOGISTICS INDUSTRY TO DRIVE MARKET
10.3 100–250 KW
10.3.1 INCREASING DEMAND FOR ELECTRIC TRUCKS AND BUSES TO DRIVE MARKET
10.4 ABOVE 250 KW
10.4.1 RISING DEMAND FOR HIGH-POWERED ELECTRIC TRUCKS AND PICKUP TRUCKS TO DRIVE MARKET
10.5 KEY INDUSTRY INSIGHTS
11 ELECTRIC COMMERCIAL VEHICLE MARKET, BY RANGE
11.1 INTRODUCTION
11.2 LESS THAN 150 MILES
11.2.1 E-COMMERCE BOOM AND DELIVERY DEMANDS TO DRIVE MARKET
11.3 151–300 MILES
11.3.1 RISING DEMAND FOR ELECTRIC TRUCKS FROM TRANSPORTATION INDUSTRY TO DRIVE MARKET
11.4 ABOVE 300 MILES
11.4.1 RISING ADOPTION OF ELECTRIC PICKUP TRUCKS TO DRIVE MARKET
11.5 KEY INDUSTRY INSIGHTS
12 ELECTRIC COMMERCIAL VEHICLE MARKET, BY END USE
12.1 INTRODUCTION
12.2 LAST-MILE DELIVERY
12.2.1 RISING DEMAND FOR VEHICLE ELECTRIFICATION IN E-COMMERCE SECTOR TO DRIVE MARKET
12.3 FIELD SERVICES
12.3.1 RISING DEMAND FOR GREEN MOBILITY IN FIELD SERVICES SECTOR TO DRIVE MARKET
12.4 DISTRIBUTION SERVICES
12.4.1 INCREASING RELIANCE ON DELIVERY SERVICES TO FUEL MARKET EXPANSION
12.5 LONG-HAUL TRANSPORTATION
12.5.1 PUSH FOR SUSTAINABLE TRANSPORTATION TO DRIVE MARKET
12.6 REFUSE TRUCKS
12.6.1 GROWING PUBLIC AWARENESS ABOUT RESPONSIBLE WASTE COLLECTION TO DRIVE MARKET
12.7 KEY INDUSTRY INSIGHTS
13 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BODY CONSTRUCTION
13.1 INTRODUCTION
13.2 INTEGRATED
13.2.1 REDUCED PRODUCTION COSTS TO DRIVE MARKET
13.3 SEMI-INTEGRATED
13.3.1 IMPROVED STRUCTURAL STRENGTH TO DRIVE MARKET
13.4 FULL-SIZED
13.4.1 SPACIOUS CARGO CAPACITY TO DRIVE MARKET
13.5 KEY INDUSTRY INSIGHTS
14 ELECTRIC COMMERCIAL VEHICLE MARKET, BY COMPONENT
14.1 INTRODUCTION
14.2 BATTERY PACKS
14.3 ONBOARD CHARGERS
14.4 ELECTRIC MOTORS
14.5 INVERTERS
14.6 DC-DC CONVERTERS
14.7 FUEL-CELL STACKS
15 ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION
15.1 INTRODUCTION
15.2 ASIA PACIFIC
15.2.1 MACROECONOMIC OUTLOOK
15.2.2 CHINA
15.2.2.1 Predominance of leading players to drive market
15.2.3 JAPAN
15.2.3.1 Increased investments in automotive R&D to drive market
15.2.4 INDIA
15.2.4.1 Expansion of major OEMs to support market growth
15.2.5 SOUTH KOREA
15.2.5.1 Rising demand for electric pickup trucks to drive market
15.3 EUROPE
15.3.1 MACROECONOMIC OUTLOOK
15.3.2 FRANCE
15.3.2.1 Increased adoption of electric vans for delivery purposes to drive market
15.3.3 GERMANY
15.3.3.1 Setting up of charging corridors to drive market
15.3.4 SPAIN
15.3.4.1 Government focus on replacing existing bus and van fleets to drive market
15.3.5 AUSTRIA
15.3.5.1 Government incentives to drive market
15.3.6 NORWAY
15.3.6.1 Development of charging infrastructure to drive market
15.3.7 SWEDEN
15.3.7.1 Presence of market-leading OEMs and startups to drive market
15.3.8 NETHERLANDS
15.3.8.1 Advancement in EV charging infrastructure to drive market
15.3.9 UK
15.3.9.1 Government electrification roadmap to drive market
15.3.10 ITALY
15.3.10.1 Advancements in electric commercial vehicles to drive market
15.3.11 OTHERS
15.4 NORTH AMERICA
15.4.1 MACROECONOMIC OUTLOOK
15.4.2 US
15.4.2.1 Rising adoption of electric vans to drive market
15.4.3 CANADA
15.4.3.1 Government plans to electrify transit to drive market
16 COMPETITIVE LANDSCAPE
16.1 OVERVIEW
16.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
16.2.1 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN ELECTRIC COMMERCIAL VEHICLES MARKET
16.3 MARKET SHARE ANALYSIS, 2024
16.4 REVENUE ANALYSIS, 2019–2023
16.5 COMPANY VALUATION AND FINANCIAL METRICS
16.5.1 COMPANY VALUATION
16.5.2 FINANCIAL METRICS
16.6 ELECTRIC BUS COMPARISON BY OEMS
16.7 BRAND/PRODUCT COMPARISON
16.8 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
16.8.1 STARS
16.8.2 EMERGING LEADERS
16.8.3 PERVASIVE PLAYERS
16.8.4 PARTICIPANTS
16.8.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024
16.8.5.1 Company Footprint
16.8.5.2 Regional Footprint
16.8.5.3 Vehicle Type Footprint
16.8.5.4 Propulsion Type Footprint
16.8.5.5 Battery Type Footprint
16.9 COMPANY EVALUATION MATRIX: STARTUPS/SMES , 2024
16.9.1 PROGRESSIVE COMPANIES
16.9.2 RESPONSIVE COMPANIES
16.9.3 DYNAMIC COMPANIES
16.9.4 STARTING BLOCKS
16.9.5 COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2024
16.9.5.1 Detailed list of key startups/SMEs
16.10 COMPETITIVE SCENARIO
16.10.1 PRODUCT LAUNCHES
16.10.2 DEALS
16.10.3 EXPANSIONS
16.10.4 OTHER DEVELOPMENTS
17 COMPANY PROFILES
17.1 KEY PLAYERS
17.1.1 BYD
17.1.1.1 Business overview
17.1.1.2 Products offered
17.1.1.3 Recent developments
17.1.1.3.1 Product launches
17.1.1.3.2 Deals
17.1.1.3.3 Expansions
17.1.1.3.4 Other developments
17.1.1.4 MnM view
17.1.1.4.1 Key strengths
17.1.1.4.2 Strategic choices
17.1.1.4.3 Weaknesses and competitive threats
17.1.2 MERCEDES-BENZ GROUP AG
17.1.2.1 Business overview
17.1.2.2 Products offered
17.1.2.3 Recent developments
17.1.2.3.1 Product launches
17.1.2.3.2 Deals
17.1.2.3.3 Expansions
17.1.2.3.4 Other developments
17.1.2.4 MnM view
17.1.2.4.1 Key strengths
17.1.2.4.2 Strategic choices
17.1.2.4.3 Weaknesses and competitive threats
17.1.3 YUTONG BUS CO., LTD.
17.1.3.1 Business overview
17.1.3.2 Products offered
17.1.3.3 Recent developments
17.1.3.3.1 Product launches
17.1.3.3.2 Deals
17.1.3.3.3 Expansions
17.1.3.4 Other developments
17.1.3.5 MnM view
17.1.3.5.1 Key strengths
17.1.3.5.2 Strategic choices
17.1.3.5.3 Weaknesses and competitive threats
17.1.4 AB VOLVO
17.1.4.1 Business overview
17.1.4.2 Products offered
17.1.4.3 Recent developments
17.1.4.3.1 Product launches
17.1.4.3.2 Deals
17.1.4.3.3 Expansions
17.1.4.4 MnM view
17.1.4.4.1 Key strengths
17.1.4.4.2 Strategic choices
17.1.4.4.3 Weaknesses and competitive threats
17.1.5 FORD MOTOR COMPANY
17.1.5.1 Business overview
17.1.5.2 Products offered
17.1.5.3 Recent developments
17.1.5.3.1 Product launches
17.1.5.3.2 Deals
17.1.5.3.3 Expansions
17.1.5.3.4 Other developments
17.1.5.4 MnM view
17.1.5.4.1 Key strengths
17.1.5.4.2 Strategic choices
17.1.5.4.3 Weaknesses and competitive threats
17.1.6 TESLA, INC.
17.1.6.1 Business overview
17.1.6.2 Products offered
17.1.6.3 Recent development
17.1.6.3.1 Product launches
17.1.6.3.2 Deals
17.1.6.3.3 Expansions
17.1.7 RENAULT
17.1.7.1 Business overview
17.1.7.2 Products offered
17.1.7.3 Recent development
17.1.7.3.1 Product launches
17.1.7.3.2 Deals
17.1.7.3.3 Expansions
17.1.7.3.4 Other developments
17.1.8 PACCAR INC.
17.1.8.1 Business overview
17.1.8.2 Products offered
17.1.8.3 Recent developments
17.1.8.3.1 Product launches
17.1.8.3.2 Deals
17.1.8.3.3 Expansions
17.1.8.3.4 Other developments
17.1.9 SCANIA AB
17.1.9.1 Business overview
17.1.9.2 Products offered
17.1.9.3 Recent developments
17.1.9.3.1 Product launches
17.1.9.3.2 Deals
17.1.9.3.3 Expansions
17.1.9.3.4 Other developments
17.1.10 DONGFENG MOTOR CORPORATION
17.1.10.1 Business overview
17.1.10.2 Products offered
17.1.10.3 Recent developments
17.1.10.3.1 Product launches
17.1.10.3.2 Deals
17.1.10.3.3 Expansions
17.1.10.3.4 Other developments
17.1.11 GENERAL MOTORS
17.1.11.1 Business overview
17.1.11.2 Products offered
17.1.11.3 Recent developments
17.1.11.3.1 Product launches
17.1.11.3.2 Deals
17.1.11.3.3 Expansions
17.1.11.3.4 Other developments
17.1.12 VDL GROEP
17.1.12.1 Business overview
17.1.12.2 Products offered
17.1.12.3 Recent developments
17.1.12.3.1 Product launches
17.1.12.3.2 Deals
17.1.12.3.3 Expansions
17.1.12.3.4 Other developments
17.1.13 RIVIAN
17.1.13.1 Business overview
17.1.13.2 Products offered
17.1.13.3 Recent developments
17.1.13.3.1 Product launches
17.1.13.3.2 Deals
17.1.13.3.3 Expansions
17.2 OTHER PLAYERS
17.2.1 TATA MOTORS LIMITED
17.2.2 WORKHORSE GROUP
17.2.3 NIKOLA CORPORATION
17.2.4 ASHOK LEYLAND
17.2.5 ISUZU MOTORS LTD.
17.2.6 IRIZAR GROUP
17.2.7 IVECO
17.2.8 BOLLINGER MOTORS
17.2.9 XOS TRUCKS INC.
17.2.10 MAN SE
17.2.11 GOLDEN DRAGON
17.2.12 ZENITH MOTORS
17.2.13 ARRIVAL
17.2.14 LORDSTOWN MOTORS
18 RECOMMENDATIONS BY MARKETSANDMARKETS
18.1 ASIA PACIFIC TO BE SIGNIFICANT MARKET FOR ELECTRIC COMMERCIAL VEHICLES
18.2 LESS THAN 150 MILES TO EMERGE AS LARGEST MARKET SEGMENT
18.3 NMC BATTERIES TO BE PROMISING SEGMENT
18.4 CONCLUSION
19 APPENDIX
19.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
19.2 DISCUSSION GUIDE
19.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
19.4 CUSTOMIZATION OPTIONS
19.4.1 PROFILING OF ADDITIONAL MARKET PLAYERS (UP TO 5)
19.4.2 ELECTRIC COMMERCIAL VEHICLE MARKET, BY END USE, AT REGIONAL LEVEL
19.4.3 ELECTRIC COMMERCIAL VEHICLE MARKET, BY BODY CONSTRUCTION AT REGIONAL LEVEL
19.5 RELATED REPORTS
19.6 AUTHOR DETAILS
