Global Electric Commercial Vehicle Forecast

Publish Date : November, 2023

The global electric Commercial Vehicle market is projected to reach 2.5M units by 2030 with an expected CAGR of 39.5% from 2020 to 2030. China, the USA, Japan, South Korea, and Europe are the largest Electric Commercial Vehicle market in the world.

Global Electric Commercial Vehicle Market Forecast

LCV segment is expected to reach around 30 to 33% by 2030 as per current market dynamics, Policies, battery Price, Semiconductor availability, Fuel price, and other key parameters.

Global Electric Commercial Vehicle Market penetration forecast

The commercial vehicle segment is projected to account for approximately 14% of the total electricity demand in the electric vehicle sector by 2030. The United States is expected to have the highest share of CO2 emissions in the electric commercial vehicle market, primarily due to road transportation.

ACG eMobility Centre released the Global Electric Vehicle Commercial Vehicle forecast data from 2020 to 2040. The data is divided into the following categories:

Total Commercial Vehicle Sales and Forecast:

  • Total Light Commercial Vehicle Sales and Forecast
  • Total Medium Commercial Vehicle Sales and Forecast
  • Total Heavy Commercial Vehicle Sales and Forecast

Total Commercial Vehicle Sales By Drivetrain:

  • Diesel and gasoline
  • Electric
  • Fuel cell
  • Natural gas

Electric Commercial Vehicle Sales Segment:

  • Light Electric Commercial Vehicle
  • Medium Electric Commercial Vehicle
  • Heavy Electric Commercial Vehicle

Sales by Region:

  • China,
  • US
  • Europe
  • Japan
  • South Korea
  • India
  • RoW

Total kilometres travelled by commercial vehicle from 2019 and onwards;

  • US
  • Europe
  • China
  • India
  • RoW

OEMs wise Electric Truck Analysis – Product Portfolio, Investment, Sales Volume, Market Share, Price, Range, Battery Capacity, Application, Type of Trucks, Business Model, and Technology:

  • Volvo
  • Rivian
  • Daimler
  • MAN
  • Tevva
  • Tesla
  • Scania

Other key features of the database:

  • Freight Demand – Freight ton-miles by region
  • Indexed Total Commercial vehicle Sales
  • Charging Infrastructure status and forecast for key region by Fast and Slow charging station
  • Charging Infrastructure cost Analysis and Forecast
  • Battery chemistry and cost forecast

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