Global Business Electric Vehicle Market Growth 2025-2031
Description
The global Business Electric Vehicle market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.
Business Electric Vehicle refers to a commercial vehicle driven by an electric motor, usually used for commercial transportation and cargo transportation. These vehicles are powered by batteries rather than internal combustion engines. As such, they are often more environmentally friendly and energy efficient than commercial vehicles that run on conventional fuels.
Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.
LP Information, Inc. (LPI) ' newest research report, the “Business Electric Vehicle Industry Forecast” looks at past sales and reviews total world Business Electric Vehicle sales in 2024, providing a comprehensive analysis by region and market sector of projected Business Electric Vehicle sales for 2025 through 2031. With Business Electric Vehicle sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Business Electric Vehicle industry.
This Insight Report provides a comprehensive analysis of the global Business Electric Vehicle landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Business Electric Vehicle portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Business Electric Vehicle market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Business Electric Vehicle and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Business Electric Vehicle.
This report presents a comprehensive overview, market shares, and growth opportunities of Business Electric Vehicle market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Pure Electric System
Hybrid Power System
Segmentation by Application:
Enterprise
Municipal
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Tesla
KIA
Ford
General Motors
Bayerische Motoren Werke AG
Nissan
BMW
Mercedes-Benz
Rivian
Lucid
BYD Auto
Daimler AG
Volkswagen
Honda Motor Company
Toyota Motor Corporation
Zenith Motors
Alke
Volvo
Voltia A.S.
Key Questions Addressed in this Report
What is the 10-year outlook for the global Business Electric Vehicle market?
What factors are driving Business Electric Vehicle market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Business Electric Vehicle market opportunities vary by end market size?
How does Business Electric Vehicle break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Business Electric Vehicle refers to a commercial vehicle driven by an electric motor, usually used for commercial transportation and cargo transportation. These vehicles are powered by batteries rather than internal combustion engines. As such, they are often more environmentally friendly and energy efficient than commercial vehicles that run on conventional fuels.
Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.
LP Information, Inc. (LPI) ' newest research report, the “Business Electric Vehicle Industry Forecast” looks at past sales and reviews total world Business Electric Vehicle sales in 2024, providing a comprehensive analysis by region and market sector of projected Business Electric Vehicle sales for 2025 through 2031. With Business Electric Vehicle sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Business Electric Vehicle industry.
This Insight Report provides a comprehensive analysis of the global Business Electric Vehicle landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Business Electric Vehicle portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Business Electric Vehicle market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Business Electric Vehicle and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Business Electric Vehicle.
This report presents a comprehensive overview, market shares, and growth opportunities of Business Electric Vehicle market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Pure Electric System
Hybrid Power System
Segmentation by Application:
Enterprise
Municipal
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Tesla
KIA
Ford
General Motors
Bayerische Motoren Werke AG
Nissan
BMW
Mercedes-Benz
Rivian
Lucid
BYD Auto
Daimler AG
Volkswagen
Honda Motor Company
Toyota Motor Corporation
Zenith Motors
Alke
Volvo
Voltia A.S.
Key Questions Addressed in this Report
What is the 10-year outlook for the global Business Electric Vehicle market?
What factors are driving Business Electric Vehicle market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Business Electric Vehicle market opportunities vary by end market size?
How does Business Electric Vehicle break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
139 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Business Electric Vehicle by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Business Electric Vehicle by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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