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Electric Commercial Vehicles Global Market Report 2025
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Global Electric Commercial Vehicles Market Report 2025

Report Price : $4490.00

Pages : 175

Format : PDF

Published : January 2025

Delivery Time : 2-3 Business Days

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Electric Commercial Vehicles Global Market Report 2025

By Propulsion Type (BEV, PHEV, FCEV), By Vehicle Type (Electric Bus, Electric Truck, Electric Van, Others), By Battery Type (Lithium-Iron-Phosphate (LFP), Lithium-Nickel-Manganese-Cobalt Oxide (NMC), Others), By Technology (Battery Electric Commercial Vehicles, Plug-In Hybrids, Hybrids, Fuel Cell Electric Commercial Vehicles) – Impact of Tariff and Trade War on Market Size, Growth, Trends, and Forecast 2025–2034

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Electric Commercial Vehicles Market Overview

• Electric Commercial Vehicles Global Market Report 2025 market size has reached to $154.64 billion in 2024

• Expected to grow to $543.37 billion in 2029 at a compound annual growth rate (CAGR) of 28%

• Growth Driver: Government Subsidies Fuel Growth In The Electric Commercial Vehicle Market

• Market Trend: Strategic Partnerships Drive Electric Commercial Vehicle Market Growth

• Asia-Pacific was the largest region in 2024 and North America is the fastest growing region.

What Is Covered Under Electric Commercial Vehicles Market?

Electric commercial vehicles are electrically powered, self-propelled electric vehicles used for transportation that help reduce greenhouse gas emissions (GHG) and pollution and work with the help of both electric motors working in tandem.

The main propulsion types in electric commercial vehicles are BEV, PHEV, and FCEV. Battery electric vehicles operate only on stored electricity, and their main components consist of a high-voltage battery, one or more electric motors (either alternating current [AC] or direct current [DC]), and a controller for managing the power electronics. The vehicle types involved are electric buses, electric trucks, electric pick-up trucks, and electric vans. The battery types involved are lithium-iron-phosphate (left), lithium-nickel-manganese-cobalt oxide (NMC), and others. The technologies involved are battery-electric commercial vehicles, plug-in hybrids, hybrids, and fuel cell electric commercial vehicles.

Electric Commercial Vehicles Market 2025 - 2034

What Is The Electric Commercial Vehicles Market Size 2025 And Growth Rate?

The electric commercial vehicles market size has grown exponentially in recent years. It will grow from $154.64 billion in 2024 to $202.35 billion in 2025 at a compound annual growth rate (CAGR) of 30.9%. The growth in the historic period can be attributed to increasing investments by governments, reducing cost of EV batteries, growing demand for electrical commercial vehicles in emerging markets.

What Is The Electric Commercial Vehicles Market Growth Forecast?

The electric commercial vehicles market size is expected to see exponential growth in the next few years. It will grow to $543.37 billion in 2029 at a compound annual growth rate (CAGR) of 28.0%. The growth in the forecast period can be attributed to growth in the forecast period resulted from rise in fuel rates, rising popularity of charging vehicles overnight at home for lower costs, rapid growth in ecommerce, COVID-19 pandemic. Major trends in the forecast period include adopting artificial intelligence, use of electric R’s for camping, government initiatives in the electric commercial vehicle industry, use of electric vehicles in logistics, rising adoption of lithium-ion batteries, use of 3D printing to manufacture light and inexpensive components, increase in mergers and acquisitions among electric commercial vehicle manufacturers.

The forecast of 28.0% growth over the next five years reflects a modest reduction of 0.6% from the previous estimate for this market.This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through tariffs on complete powertrains, heavy-duty battery systems, and electronic controllers imported from China and Mexico, raising costs across freight and fleet electrification segments.The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

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What’s The Trade War Impact On Transport Industry?

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the transport sector, particularly in fleet maintenance and logistics operations. Higher duties on imported commercial vehicles, tires, and engine components have increased operational costs for trucking and freight companies, forcing them to raise shipping rates or reduce margins. Airlines and maritime shippers face similar pressures, with tariffs on aircraft parts and shipbuilding materials driving up capital expenditures. Additionally, retaliatory tariffs in key export markets have reduced demand for U.S.-made transportation equipment, further straining revenue streams. The sector must now prioritize fuel efficiency, alternative sourcing, and automation to offset rising expenses while maintaining service reliability.

How Is The Electric Commercial Vehicles Market Segmented?

1) By Propulsion Type: BEV, PHEV, FCEV.

2) By Vehicle Type: Electric Bus, Electric Truck, Electric Van, Others

3) By Battery Type: Lithium-Iron-Phosphate (LFP), Lithium-Nickel-Manganese-Cobalt Oxide (NMC), Others.

4) By Technology: Battery Electric Commercial Vehicles, Plug-In Hybrids, Hybrids, Fuel Cell Electric Commercial Vehicles.

Subsegments:

1) By BEV (Battery Electric Vehicle): Light Duty BEVs, Medium Duty BEVs, Heavy Duty BEVs

2) By PHEV (Plug-in Hybrid Electric Vehicle): Light Duty PHEVs, Medium Duty PHEVs, Heavy Duty PHEVs

3) By FCEV (Fuel Cell Electric Vehicle): Light Duty FCEVs, Medium Duty FCEVs, Heavy Duty FCEVs

What Is Driving The Electric Commercial Vehicles Market? Government Subsidies Fuel Growth In The Electric Commercial Vehicle Market

During the historic period, government subsidies on electric commercial vehicles market contributed to the growth of the electric commercial vehicle market. For instance, according to the Government of India Budget 2022-23, the faster adoption and manufacturing of hybrid and electric vehicles (FAME) scheme will provide a subsidy of up to INR 2908 crores. Similarly, according to the Uttar Pradesh government's Manufacturing and Mobility policy 2022, all-electric vehicles will be subsidized including bikes, scooters, three-wheelers, and cars. As part of this new policy, the state government will offer subsidies of up to Rs 1 lakh for electric cars for three years. The subsidies were given to three and four-wheeled electric vehicles for commercial and fleet applications. The market is being driven by the government's support for the use of growth of the electric commercial vehicles industry.

What Is Driving The Electric Commercial Vehicles Market? Surging Demand For Eco-Friendly Vehicles Propels Electric Commercial Vehicle Market Growth

Increasing demand for eco-friendly vehicles is expected to propel the growth of the electric commercial vehicle market going forward. Eco-friendly vehicles refer to vehicles designed to have a reduced negative impact on the environment compared to traditional internal combustion engine vehicles. These vehicles include electric vehicles, hybrid vehicles, hydrogen vehicles, and natural gas vehicles. For instance, in April 2023, according to the International Energy Agency (IEA), a France-based intergovernmental organization, electric car sales accounted for 14% of all new cars sold globally in 2022, a considerable rise from 9% in 2021. Over 2.3 million electric cars were sold in the first quarter of 2023, representing a 25% increase from the same period last year. Additionally, IT is projected that 14 million electric cars will be sold by the end of 2023, marking a 35% year-on-year increase. Therefore, the increasing demand for eco-friendly vehicles is driving the growth of the electric commercial vehicle industry.

Who Are The Major Players In The Global Electric Commercial Vehicles Market?

Major companies operating in the electric commercial vehicles market include BYD Company Ltd., Zhengzhou Yutong Bus Co. Ltd, Daimler AG, Proterra, VDL Groep BV, Irizar, ZHONGTONGBUS Bus Holding Co., Ltd, Ebusco B.V., Navistar, Inc., Workhorse Group Incorporated, Mahindra Electric, Tata Motors, Hyundai, Ashok Leyland, Nissan, Honda Motor Co. Ltd., Toyota, SAIC Motor, Geely, Dongfeng Motor, Chang’an Automobile, Guangzhou Automobile, Chery Automobile, FAW Group, Evergrande, BAIC Motor, Volkswagen, Renault, Audi, BMW, Mercedes Benz Motors, MAN Germany, DAF Trucks, Effigear EP Tender, Ze-Watt, Zembo, Ecovelo, Knave, SeaBubbles, Velco, Electra, EasyMile, MEDCOM, PERUN, Triggo, Varsovia Motor Company, Samocat Sharing, AVT & Co, PC Transport Systems, Carbogatto, Nucular, Via Motors, Tesla Inc, Hyliion, Ford, Lucid Motors, Chevrolet Bolt EV, Porsche, General Motors, Kia Motors, Energica Motor Company, Bozankaya, EVT motor, Car4future, infinity, Schneider, Melex Electrovehicles, GridCars, Mazibuko Motor Company, El Nasr Automotive Manufacturing Company, Eleksa, Jet Motors

What Are The Key Trends Of The Global Electric Commercial Vehicles Market? Strategic Partnerships Drive Electric Commercial Vehicle Market Growth

Electric commercial vehicles market companies are implementing strategic partnerships for the production of electric commercial vehicles. Strategic partnerships in electric commercial vehicles involve the sharing of resources and expertise that enhance the product and multiply the results. It attracts popularity from consumers and other stakeholders, helping to increase the investment while reducing costs. For instance, in July 2024, Uber Technologies Inc., a US-based transportation company, partnered with BYD Co. Ltd., a China-based electronic and automobile company. This partnership seeks to integrate 100,000 new BYD electric vehicles into the Uber platform across major global markets. It is expected that drivers will enjoy competitive pricing and financing options for BYD vehicles through Uber, with plans to expand this initiative to regions including the Middle East, Canada, Australia, and New Zealand.

What Are The Key Trends Of The Global Electric Commercial Vehicles Market? Game-Changing Sierra Ev Pickup Truck Redefines Electric Commercial Vehicle Market

Major companies operating in the electric commercial vehicle market are innovating new products such as Sierra EV pickup truck to increase their profitability in the market. The Sierra EV utilizes the Ultium platform, offering remarkable range, power, and Professional-Grade capability. For instance, in October 2022 GMC, a US-based automotive manufacturer launched the first-ever Sierra EV pickup truck as part of its all-electric truck lineup. The electric truck lineup, spearheaded by the 2024 Sierra EV Denali Edition 1, boasts a 400-mile range per full charge and exclusive features achievable solely through its specialized EV truck platform. The Sierra EV Denali Edition 1 produces 754 horsepower and 785 lb-ft of torque, with a maximum towing capacity of up to 9,500 lbs and the ability to accelerate from 0-60 mph in under 4.5 seconds.

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Electric Commercial Vehicles Market Merger And Acquisition: Cummins Acquires Siemens' Commercial Vehicles Business To Strengthen Electric Powertrain Solutions

In November 2022, Cummins Inc., a US-based power solutions company, acquired Siemens’ Commercial Vehicles business for a deal of $205 million. As a result of the acquisition, Cummins has enhanced its capabilities in direct drive and transmission-based remote mount electric motors, inverters, software, and related services, all of which are essential for the next generation of electric powertrains. This integration also brings nearly 200 new employees, mainly located in Germany, China, and the United States, allowing Cummins to provide a broader range of electrified product solutions to global customers in commercial vehicle applications. Siemens is a Germany-based company involved in the manufacturing of electric commercial vehicles.

Regional Outlook For The Global Electric Commercial Vehicles Market

Asia-Pacific was the largest region in the electric commercial vehicles market in 2024. North America was the second largest region in the global electric commercial vehicles market share. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain

What Defines the Electric Commercial Vehicles Market?

The electric commercial vehicles market consists of sales of hybrid electric vehicles (HEVs) and extended range electric vehicles (E-REVs). Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Electric Commercial Vehicles Industry?

The electric commercial vehicles market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the electric commercial vehicles industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Electric Commercial Vehicles Market Report Forecast Analysis

Report AttributeDetails
Market Size Value In 2025 $202.35 billion
Revenue Forecast In 2034 $543.37 billion
Growth Rate CAGR of 28% from 2025 to 2034
Base Year For Estimation 2024
Actual Estimates/Historical Data 2019-2024
Forecast Period 2025 - 2029 - 2034
Market Representation Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered 1) By Propulsion Type: BEV, PHEV, FCEV.
2) By Vehicle Type: Electric Bus, Electric Truck, Electric Van, Others
3) By Battery Type: Lithium-Iron-Phosphate (LFP), Lithium-Nickel-Manganese-Cobalt Oxide (NMC), Others.
4) By Technology: Battery Electric Commercial Vehicles, Plug-In Hybrids, Hybrids, Fuel Cell Electric Commercial Vehicles. Subsegments: 1) By BEV (Battery Electric Vehicle): Light Duty BEVs, Medium Duty BEVs, Heavy Duty BEVs
2) By PHEV (Plug-in Hybrid Electric Vehicle): Light Duty PHEVs, Medium Duty PHEVs, Heavy Duty PHEVs
3) By FCEV (Fuel Cell Electric Vehicle): Light Duty FCEVs, Medium Duty FCEVs, Heavy Duty FCEVs
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled BYD Company Ltd., Zhengzhou Yutong Bus Co. Ltd, Daimler AG, Proterra, VDL Groep BV, Irizar, ZHONGTONGBUS Bus Holding Co., Ltd, Ebusco B.V., Navistar, Inc., Workhorse Group Incorporated, Mahindra Electric, Tata Motors, Hyundai, Ashok Leyland, Nissan, Honda Motor Co. Ltd., Toyota, SAIC Motor, Geely, Dongfeng Motor, Chang’an Automobile, Guangzhou Automobile, Chery Automobile, FAW Group, Evergrande, BAIC Motor, Volkswagen, Renault, Audi, BMW, Mercedes Benz Motors, MAN Germany, DAF Trucks, Effigear EP Tender, Ze-Watt, Zembo, Ecovelo, Knave, SeaBubbles, Velco, Electra, EasyMile, MEDCOM, PERUN, Triggo, Varsovia Motor Company, Samocat Sharing, AVT & Co, PC Transport Systems, Carbogatto, Nucular, Via Motors, Tesla Inc, Hyliion, Ford, Lucid Motors, Chevrolet Bolt EV, Porsche, General Motors, Kia Motors, Energica Motor Company, Bozankaya, EVT motor, Car4future, infinity, Schneider, Melex Electrovehicles, GridCars, Mazibuko Motor Company, El Nasr Automotive Manufacturing Company, Eleksa, Jet Motors
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Table Of Contents

1. Executive Summary

2. Electric Commercial Vehicles Market Characteristics

3. Electric Commercial Vehicles Market Trends And Strategies

4. Electric Commercial Vehicles Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

4.1. Supply Chain Impact from Tariff War & Trade Protectionism

5. Global Electric Commercial Vehicles Growth Analysis And Strategic Analysis Framework

5.1. Global Electric Commercial Vehicles PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Electric Commercial Vehicles Market Growth Rate Analysis

5.4. Global Electric Commercial Vehicles Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Electric Commercial Vehicles Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Electric Commercial Vehicles Total Addressable Market (TAM)

6. Electric Commercial Vehicles Market Segmentation

6.1. Global Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

BEV

PHEV

FCEV

6.2. Global Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Electric Bus

Electric Truck

Electric Van

Others

6.3. Global Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Lithium-Iron-Phosphate (LFP)

Lithium-Nickel-Manganese-Cobalt Oxide (NMC)

Others

6.4. Global Electric Commercial Vehicles Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Battery Electric Commercial Vehicles

Plug-In Hybrids

Hybrids

Fuel Cell Electric Commercial Vehicles

6.5. Global Electric Commercial Vehicles Market, Sub-Segmentation Of BEV (Battery Electric Vehicle), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Light Duty BEVs

Medium Duty BEVs

Heavy Duty BEVs

6.6. Global Electric Commercial Vehicles Market, Sub-Segmentation Of PHEV (Plug-in Hybrid Electric Vehicle), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Light Duty PHEVs

Medium Duty PHEVs

Heavy Duty PHEVs

6.7. Global Electric Commercial Vehicles Market, Sub-Segmentation Of FCEV (Fuel Cell Electric Vehicle), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Light Duty FCEVs

Medium Duty FCEVs

Heavy Duty FCEVs

7. Electric Commercial Vehicles Market Regional And Country Analysis

7.1. Global Electric Commercial Vehicles Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Electric Commercial Vehicles Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Electric Commercial Vehicles Market

8.1. Asia-Pacific Electric Commercial Vehicles Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Electric Commercial Vehicles Market

9.1. China Electric Commercial Vehicles Market Overview

9.2. China Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Electric Commercial Vehicles Market

10.1. India Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Electric Commercial Vehicles Market

11.1. Japan Electric Commercial Vehicles Market Overview

11.2. Japan Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Electric Commercial Vehicles Market

12.1. Australia Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Electric Commercial Vehicles Market

13.1. Indonesia Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Electric Commercial Vehicles Market

14.1. South Korea Electric Commercial Vehicles Market Overview

14.2. South Korea Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Electric Commercial Vehicles Market

15.1. Western Europe Electric Commercial Vehicles Market Overview

15.2. Western Europe Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Electric Commercial Vehicles Market

16.1. UK Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Electric Commercial Vehicles Market

17.1. Germany Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Electric Commercial Vehicles Market

18.1. France Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Electric Commercial Vehicles Market

19.1. Italy Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Electric Commercial Vehicles Market

20.1. Spain Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Electric Commercial Vehicles Market

21.1. Eastern Europe Electric Commercial Vehicles Market Overview

21.2. Eastern Europe Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Electric Commercial Vehicles Market

22.1. Russia Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Electric Commercial Vehicles Market

23.1. North America Electric Commercial Vehicles Market Overview

23.2. North America Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Electric Commercial Vehicles Market

24.1. USA Electric Commercial Vehicles Market Overview

24.2. USA Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Electric Commercial Vehicles Market

25.1. Canada Electric Commercial Vehicles Market Overview

25.2. Canada Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Electric Commercial Vehicles Market

26.1. South America Electric Commercial Vehicles Market Overview

26.2. South America Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Electric Commercial Vehicles Market

27.1. Brazil Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Electric Commercial Vehicles Market

28.1. Middle East Electric Commercial Vehicles Market Overview

28.2. Middle East Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Electric Commercial Vehicles Market

29.1. Africa Electric Commercial Vehicles Market Overview

29.2. Africa Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Electric Commercial Vehicles Market Competitive Landscape And Company Profiles

30.1. Electric Commercial Vehicles Market Competitive Landscape

30.2. Electric Commercial Vehicles Market Company Profiles

30.2.1. BYD Company Ltd. Overview, Products and Services, Strategy and Financial Analysis

30.2.2. Zhengzhou Yutong Bus Co. Ltd Overview, Products and Services, Strategy and Financial Analysis

30.2.3. Daimler AG Overview, Products and Services, Strategy and Financial Analysis

30.2.4. Proterra Overview, Products and Services, Strategy and Financial Analysis

30.2.5. VDL Groep BV Overview, Products and Services, Strategy and Financial Analysis

31. Electric Commercial Vehicles Market Other Major And Innovative Companies

31.1. Irizar

31.2. ZHONGTONGBUS Bus Holding Co., Ltd

31.3. Ebusco B.V.

31.4. Navistar, Inc.

31.5. Workhorse Group Incorporated

31.6. Mahindra Electric

31.7. Tata Motors

31.8. Hyundai

31.9. Ashok Leyland

31.10. Nissan

31.11. Honda Motor Co. Ltd.

31.12. Toyota

31.13. SAIC Motor

31.14. Geely

31.15. Dongfeng Motor

32. Global Electric Commercial Vehicles Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Electric Commercial Vehicles Market

34. Recent Developments In The Electric Commercial Vehicles Market

35. Electric Commercial Vehicles Market High Potential Countries, Segments and Strategies

35.1 Electric Commercial Vehicles Market In 2029 - Countries Offering Most New Opportunities

35.2 Electric Commercial Vehicles Market In 2029 - Segments Offering Most New Opportunities

35.3 Electric Commercial Vehicles Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

Need tailored insights? Customise this report to fit your business goals.

List Of Tables

    Table 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Table 3: Global Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 4: Global Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 5: Global Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 6: Global Electric Commercial Vehicles Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 7: Global Electric Commercial Vehicles Market, Sub-Segmentation Of BEV (Battery Electric Vehicle), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 8: Global Electric Commercial Vehicles Market, Sub-Segmentation Of PHEV (Plug-in Hybrid Electric Vehicle), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 9: Global Electric Commercial Vehicles Market, Sub-Segmentation Of FCEV (Fuel Cell Electric Vehicle), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 10: Global Electric Commercial Vehicles Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 11: Global Electric Commercial Vehicles Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 12: Asia-Pacific, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 13: Asia-Pacific, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 14: Asia-Pacific, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 15: China, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 16: China, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 17: China, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 18: India, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 19: India, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 20: India, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 21: Japan, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 22: Japan, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 23: Japan, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 24: Australia, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 25: Australia, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 26: Australia, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 27: Indonesia, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 28: Indonesia, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 29: Indonesia, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 30: South Korea, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 31: South Korea, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 32: South Korea, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 33: Western Europe, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 34: Western Europe, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 35: Western Europe, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 36: UK, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 37: UK, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 38: UK, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 39: Germany, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 40: Germany, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 41: Germany, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 42: France, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 43: France, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 44: France, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 45: Italy, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 46: Italy, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 47: Italy, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 48: Spain, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 49: Spain, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 50: Spain, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 51: Eastern Europe, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 52: Eastern Europe, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 53: Eastern Europe, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 54: Russia, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 55: Russia, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 56: Russia, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 57: North America, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 58: North America, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 59: North America, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 60: USA, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 61: USA, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 62: USA, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 63: Canada, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 64: Canada, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 65: Canada, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 66: South America, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 67: South America, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 68: South America, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 69: Brazil, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 70: Brazil, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 71: Brazil, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 72: Middle East, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 73: Middle East, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 74: Middle East, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 75: Africa, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 76: Africa, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 77: Africa, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 78: BYD Company Ltd. Financial Performance
  • Table 79: Zhengzhou Yutong Bus Co. Ltd Financial Performance
  • Table 80: Daimler AG Financial Performance
  • Table 81: Proterra Financial Performance
  • Table 82: VDL Groep BV Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Figure 3: Global Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 4: Global Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 5: Global Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 6: Global Electric Commercial Vehicles Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 7: Global Electric Commercial Vehicles Market, Sub-Segmentation Of BEV (Battery Electric Vehicle), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 8: Global Electric Commercial Vehicles Market, Sub-Segmentation Of PHEV (Plug-in Hybrid Electric Vehicle), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 9: Global Electric Commercial Vehicles Market, Sub-Segmentation Of FCEV (Fuel Cell Electric Vehicle), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 10: Global Electric Commercial Vehicles Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 11: Global Electric Commercial Vehicles Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 12: Asia-Pacific, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 13: Asia-Pacific, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 14: Asia-Pacific, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 15: China, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 16: China, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 17: China, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 18: India, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 19: India, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 20: India, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 21: Japan, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 22: Japan, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 23: Japan, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 24: Australia, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 25: Australia, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 26: Australia, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 27: Indonesia, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 28: Indonesia, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 29: Indonesia, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 30: South Korea, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 31: South Korea, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 32: South Korea, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 33: Western Europe, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 34: Western Europe, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 35: Western Europe, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 36: UK, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 37: UK, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 38: UK, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 39: Germany, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 40: Germany, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 41: Germany, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 42: France, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 43: France, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 44: France, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 45: Italy, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 46: Italy, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 47: Italy, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 48: Spain, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 49: Spain, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 50: Spain, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 51: Eastern Europe, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 52: Eastern Europe, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 53: Eastern Europe, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 54: Russia, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 55: Russia, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 56: Russia, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 57: North America, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 58: North America, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 59: North America, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 60: USA, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 61: USA, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 62: USA, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 63: Canada, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 64: Canada, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 65: Canada, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 66: South America, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 67: South America, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 68: South America, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 69: Brazil, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 70: Brazil, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 71: Brazil, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 72: Middle East, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 73: Middle East, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 74: Middle East, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 75: Africa, Electric Commercial Vehicles Market, Segmentation By Propulsion Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 76: Africa, Electric Commercial Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 77: Africa, Electric Commercial Vehicles Market, Segmentation By Battery Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 78: BYD Company Ltd. Financial Performance
  • Figure 79: Zhengzhou Yutong Bus Co. Ltd Financial Performance
  • Figure 80: Daimler AG Financial Performance
  • Figure 81: Proterra Financial Performance
  • Figure 82: VDL Groep BV Financial Performance

Gain insight into trends and investment planning for the global Tire Machinery Market in 2025.

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Frequently Asked Questions

Electric commercial vehicles are electrically powered, self-propelled electric vehicles used for transportation that help reduce greenhouse gas emissions (GHG) and pollution and work with the help of both electric motors working in tandem. For further insights on this market, request a sample here

The market major growth driver - Government Subsidies Fuel Growth In The Electric Commercial Vehicle Market. For further insights on this market, request a sample here

The electric commercial vehicles market size has grown exponentially in recent years. It will grow from $154.64 billion in 2024 to $202.35 billion in 2025 at a compound annual growth rate (CAGR) of 30.9%. The growth in the historic period can be attributed to increasing investments by governments, reducing cost of EV batteries, growing demand for electrical commercial vehicles in emerging markets. The electric commercial vehicles market size is expected to see exponential growth in the next few years. It will grow to $543.37 billion in 2029 at a compound annual growth rate (CAGR) of 28.0%. The growth in the forecast period can be attributed to growth in the forecast period resulted from rise in fuel rates, rising popularity of charging vehicles overnight at home for lower costs, rapid growth in ecommerce, COVID-19 pandemic. Major trends in the forecast period include adopting artificial intelligence, use of electric R’s for camping, government initiatives in the electric commercial vehicle industry, use of electric vehicles in logistics, rising adoption of lithium-ion batteries, use of 3D printing to manufacture light and inexpensive components, increase in mergers and acquisitions among electric commercial vehicle manufacturers. For further insights on this market, request a sample here

The electric commercial vehiclesmarket covered in this report is segmented –
1) By Propulsion Type: BEV, PHEV, FCEV.
2) By Vehicle Type: Electric Bus, Electric Truck, Electric Van, Others
3) By Battery Type: Lithium-Iron-Phosphate (LFP), Lithium-Nickel-Manganese-Cobalt Oxide (NMC), Others.
4) By Technology: Battery Electric Commercial Vehicles, Plug-In Hybrids, Hybrids, Fuel Cell Electric Commercial Vehicles. Subsegments:
1) By BEV (Battery Electric Vehicle): Light Duty BEVs, Medium Duty BEVs, Heavy Duty BEVs
2) By PHEV (Plug-in Hybrid Electric Vehicle): Light Duty PHEVs, Medium Duty PHEVs, Heavy Duty PHEVs
3) By FCEV (Fuel Cell Electric Vehicle): Light Duty FCEVs, Medium Duty FCEVs, Heavy Duty FCEVs For further insights on this market, request a sample here

Asia-Pacific was the largest region in the electric commercial vehicles market in 2024. North America was the second largest region in the global electric commercial vehicles market share. The regions covered in the electric commercial vehicles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on this market, request a sample here.

Major companies operating in the electric commercial vehicles market include BYD Company Ltd., Zhengzhou Yutong Bus Co. Ltd, Daimler AG, Proterra, VDL Groep BV, Irizar, ZHONGTONGBUS Bus Holding Co., Ltd, Ebusco B.V., Navistar, Inc., Workhorse Group Incorporated, Mahindra Electric, Tata Motors, Hyundai, Ashok Leyland, Nissan, Honda Motor Co. Ltd., Toyota, SAIC Motor, Geely, Dongfeng Motor, Chang’an Automobile, Guangzhou Automobile, Chery Automobile, FAW Group, Evergrande, BAIC Motor, Volkswagen, Renault, Audi, BMW, Mercedes Benz Motors, MAN Germany, DAF Trucks, Effigear EP Tender, Ze-Watt, Zembo, Ecovelo, Knave, SeaBubbles, Velco, Electra, EasyMile, MEDCOM, PERUN, Triggo, Varsovia Motor Company, Samocat Sharing, AVT & Co, PC Transport Systems, Carbogatto, Nucular, Via Motors, Tesla Inc, Hyliion, Ford, Lucid Motors, Chevrolet Bolt EV, Porsche, General Motors, Kia Motors, Energica Motor Company, Bozankaya, EVT motor, Car4future, infinity, Schneider, Melex Electrovehicles, GridCars, Mazibuko Motor Company, El Nasr Automotive Manufacturing Company, Eleksa, Jet Motors . For further insights on this market, request a sample here.

Major trends in this market include Strategic Partnerships Drive Electric Commercial Vehicle Market Growth. For further insights on this market, request a sample here.

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Global Electric Commercial Vehicles Market Report 2025

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