BlueWeave Consulting Electric Commercial Vehicles Market Expected to Re

Electric Commercial Vehicles Market By Propulsion Type, By Vehicle
Type, By Component – Industry Analysis, Size, Share, Growth, Trends,
And Forecast, 2014-2024
Electric Commercial Vehicles Market: Overview
According to a new market report published by BlueWeave Consulting, the global electric commercial
vehicles market is expected to reach a value of US$ 149,316 Mn by 2024, supported by government
subsidies and tax rebates for commercial electrical vehicles. The market is projected to expand at a
CAGR of 13.0% during the forecast period from 2018 to 2024 by value. The market is expected to reach
1,440,820 units by end of 2024. The market is expected to expand at the CAGR of 10.4% by volume.
Need for fuel-efficient and emission-free vehicles and the increasing demand for electric commercial
vehicle such as electric truck in the logistics industry to minimize the additional liability of fuel expenses.
Innovations in EV battery capacity, which will enable electric commercial vehicle to carry heavy loads
over longer range, can create new revenue generation opportunities.
Need for fuel-efficient and emission free-vehicle and the available government subsidies and tax
rebates to fuel the growth of the electric commercial vehicle market.
Sample copy of Study Report on Electric Commercial Vehicles Market is Available:
https://bit.ly/2I9v8fT
Policies and mandates to curb urban pollution menace and the subsequent demand of emission-free
vehicle and the increasing demand for electrified vans and trucks from the logistics industry are the
driving factors for the electric commercial vehicle market. Whereas, the less number of charging stations
and high cost involved in the initial development of electric commercial vehicle are restraining factors
for the electric commercial vehicle market. Government funds and incentive programs to encourage
adoption of electric commercial vehicles such as public buses and electric trucks will be creating
opportunities in upcoming years. Increasing incorporation of telematics & communication capabilities in
electrical commercial vehicles is anticipated to boost market growth. Growing food & beverage industry
is another key factor driving industry growth over the next seven years owing to increasing food trucks
and refrigerated vehicles demand.
Electric Commercial Vehicles Market: Scope of the Report
The electric commercial vehicle market can be segmented on the basis propulsion type, vehicle type,
component, and region. Based on propulsion type, the global electric commercial vehicle market is
classified into battery electric vehicle (BEV), hybrid electric vehicle (HEV), Plug-in hybrid electric vehicles