Global Electric Commercial Vehicle Market 2018-2022
About Electric Commercial Vehicles
Electric commercial vehicles are vehicles that are propelled by a combination of battery pack and a motor driven powertrain.
Technavio’s analysts forecast Global Electric Commercial Vehicle market to grow at a CAGR of 41.67% from 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the Global Electric Commercial Vehicle market for the period 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report - Global Electric Commercial Vehicle Market 2018-2022
Technavio recognizes the following companies as the key players in the Global Electric Commercial Vehicle market for 2018-2022: BYD, Daimler, Nissan Motor, Renault, Tesla, Volvo
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is the introduction of power recovery options in electric commercial vehicles.”
According to the report, one driver in the market is the growing preference for electric long-haul trucks.
Further, the report states that one challenge in the market is the limited operational range of electric commercial vehicles.