Electric Commercial Vehicle Market Size worth USD 255.6 billion by 2030
The global Electric Commercial Vehicle market, by value, is estimated to grow from USD 60.41 billion in 2024 to USD 248.20 billion by 2030, with a CAGR of 26.6%.
Global electric commercial vehicle sales have surged due to regulatory incentives, technological advancements, and economic benefits. Additionally, growing last-mile delivery and urban logistics are driving the growth in electric commercial...
Electric Truck Market Outlook, Growth Trends, Key Opportunities, and Industry Insights 2030
The Electric Truck Industry is estimated to be 101,499 units in 2022 and is projected to grow at a CAGR of 34.2% during the forecast period, to reach 1,067,985 units by 2030. The global push toward sustainability is revolutionizing the commercial vehicle industry, with electric trucks leading the charge in reducing carbon emissions and operating costs. As governments implement stricter regulations...
Global Commercial Vehicle Outlook Projected to reach 3.5 million units by 2025
The global medium & heavy commercial vehicle sales were 3.3 million units in 2024 and are projected to reach 3.5 million units in 2025, witnessing a YoY growth of 4.4% from 2024 to 2025. Further, within the regional market Asia Pacific region accounted for almost half of the market share. While the Internal Combustion Engine (ICE) Vehicles held the major share, the Battery Electric Vehicles (BEV)...