Electric Commercial Vehicles update: Global Market to Grow at a CAGR of 39.85% During 2017-2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 9, 2018--The “Electric Commercial Vehicle Market by Propulsion (BEV, HEV, PHEV & FCEV), Vehicle Type (Bus, Truck, Pick-Up Truck and Van), Component, Range, Autonomous Vehicle, Charging Infrastructure, and Region - Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The global electric commercial vehicle market is projected to grow at a CAGR of 39.85% from 125,212 units in 2017 to reach 1,831,865 units by 2025.
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.
On the other hand, factors such as limited battery power, longer charging duration, and more environment friendly fuel products are creating challenges for electric commercial vehicle market.
Electric bus is estimated to hold the largest volume share of the global electric commercial vehicle market in 2017. This segment is estimated to grow with a significant CAGR and is expected to remain the largest market, in terms of volume, during the forecast period. The growth of this segment is driven by government regulations and mandates to adopt and implement electric buses in emerging economies like India and China as well as in developed economies such as France, Sweden, and The Netherlands.
Major Players ProfiledNissan (Japan) Daimler (Germany) Tesla (US) Proterra (US) BYD (China) LG Chem (South Korea) Samsung SDI (South Korea) Panasonic (Japan) Delphi (UK) ABB (Switzerland) Continental (Germany) Siemens (Germany) Mitsubishi Electric (Japan)
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Electric Commercial Vehicle Market, By Propulsion
7 Electric Commercial Vehicle Market, By Vehicle Type
8 Electric Commercial Vehicle Market, By Range
9 Electric Commercial Vehicle Market, By Component
10 Electric Commercial Vehicle Market, By Region
11 Electric Commercial Vehicle Market, By Autonomous Vehicles
12 Electric Commercial Vehicle Market, By Charging Infrastructure Type
13 Competitive Landscape
14 Company ProfilesTesla Nissan BYD Daimler Proterra LG Chem Samsung SDI Panasonic Delphi ABB Continental Siemens Mitsubishi Electric Toshiba Ballard Power Systems Hydrogenics ITM Power Ceres Power Plug Power Nedstack Nuvera AFCC Toyota Honda Hyundai
For more information about this report visit https://www.researchandmarkets.com/research/kjmlpk/electric?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181009005706/en/
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Related Topics:Commercial Vehicles,Electric and Hybrid Vehicles,Engines and Engine Parts
INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 10/09/2018 09:14 AM/DISC: 10/09/2018 09:14 AM