Electric Commercial Vehicle Market to Grow at CAGR of 30% through 2032 – A Growing Market with Diverse Segments

Newark, Jan. 15, 2024 (GLOBE NEWSWIRE) — The Brainy Insights estimates that the USD 50 billion in 2022 global electric commercial vehicle market will reach USD 689.29 billion in 2032. The electric variety of commercial vehicles is known as an electric commercial vehicle. Because they malfunction less frequently, electric commercial vehicles require less maintenance, which saves money for owners and businesses of commercial vehicles. Their more straightforward design enables the makers to produce a tiny car. They also make less noise. They produce no pollutants, spend less on running costs, and require little maintenance. Owners of electric commercial vehicles might benefit financially and tax-wise from the supportive government measures.
• BYD Company Ltd
• Daimler AG
• Dongfeng Motor Company
• MAN SE
• NFI Group Inc.
• Proterra
• Scania
• Tata Motors
• VDL Groep BV
• Plug-In Hybrid Electric Vehicles
• Fuel Cell Electric Vehicles
• Medium Duty Trucks
• Heavy Duty Trucks
• Buses
• Others
• Nickel-Manganese-Cobalt Battery
• Solid-State Battery
• Others
• Europe (Germany, France, the UK, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)
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(GlobeNewsWire)