Chicago, May 4, 2023 (GLOBE NEWSWIRE) — electric commercial vehicle market According to a new report by MarketsandMarkets™, the size is projected to grow from 353,000 units in 2022 to 3,144,000 units by 2030, at a CAGR of 31.4% over the forecast period.

Browse and detailed table of contents “Market for electric commercial vehicles”
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report attributes details
Market size value in 2022: 353 thousand units
Probably by 2030: 3,144 thousand units
CAGR: 31.4%
Considered base year: 2021
Forecast period: 2022-2030
Biggest Market: Asia Pacific
Covered Region: North America, Europe, Asia Pacific and Rest of the World
Covered segments: Vehicle Type, Powertrain, Battery Type, Range, Bus Length, Performance, Component, Battery Capacity, Purpose, Autonomous Vehicle, Truck Payload, and Region
Covered companies: Among others BYD (China), Yutong (China), AB Volvo (Sweden), VDL Groep (Netherlands), CAF (Spain).
A total of 32 key company profiles covered and provided.

OEMs worldwide are investing heavily in research and testing applications that lead to continuous advances in electric commercial vehicles. For example, the Volvo Group is collaborating with Samsung SDI to develop advanced battery packs for the Volvo Group’s electric trucks. The alliance includes the joint development of battery packs specifically designed for the Volvo Group’s truck applications. The intention is that the Volvo Group will use Samsung SDI’s battery pack technology for assembly at the Volvo Group’s manufacturing plants.

Growth of the electric bus and van segments in the commercial vehicle market

In the electric utility vehicle market, the electric bus segment by vehicle type is projected to be the largest by volume in 2020. Increasing demand for zero-emission public transport in developed and developing countries…


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