전기상용차(ECV) 시장 : 차량 유형별, 추진 유형별, 구동 유형별, 차속별, 국가별, 지역별 - 산업 분석, 시장 규모, 시장 점유율, 예측(2025-2032년)

Electric Commercial Vehicle Market size was valued at US$ 59,897.24 Million in 2024, expanding at a CAGR of 26.5% from 2025 to 2032.

An electric commercial vehicle (ECV) is a type of motor vehicle designed for transporting goods or passengers for commercial purposes, powered entirely or primarily by electric energy stored in rechargeable batteries instead of conventional fossil fuels. These vehicles include trucks, vans, buses, and other utility vehicles used in industries such as logistics, public transportation, and delivery services. They operate using electric motors, offering benefits like lower operating costs, reduced greenhouse gas emissions, and quieter performance compared to internal combustion engine vehicles. ECVs play a key role in promoting sustainable transportation and meeting environmental regulations.

Electric Commercial Vehicle Market- Market Dynamics

Growth-Enabling Drivers Transforming the Electric Commercial Vehicle Market Landscape

The electric commercial vehicle (ECV) market is also experiencing a dramatic shift, fueled by the blending of technological, regulatory, and economic forces that are allowing electric to grow at a rapid pace and gain adoption. Government policies and stringent emission standards across the globe are forcing industries to transition from traditional diesel and petrol fleets to electric zero-emission alternatives. These programs, combined with tax credits, subsidies, and other financial incentives, are lowering the initial cost of electric commercial vehicles and making them increasingly appealing to fleet operators. Concurrently, development of battery technology such as increased energy density, extended driving ranges, quicker charging, and reducing prices is overcoming earlier hurdles and making electric commercial vehicles more practical for use in logistics, public transport, and last-mile delivery operations. The increasing fuel prices and operational expenditures of traditional vehicles are also encouraging businesses to introduce electric fleets, which provide lower operating and maintenance expenses over the long term.

Furthermore, the explosive growth of e-commerce and urban logistics services is boosting demand for green cars that can be used optimally in low-emission areas. The increased installation base of charging infrastructure and increasing emphasis by corporations on sustainability and environmental management is building a conducive environment for ECV adoption. Together, these growth-facilitating drivers not only push market growth but also redefine the entire commercial vehicle ecosystem and establish electric vehicles as the backbone of sustainable, future-proof mobility.

Electric Commercial Vehicle Market- Key Insights

As per the analysis shared by our research analyst, the global Electric Commercial Vehicle market is estimated to grow annually at a CAGR of around 26.5% over the forecast period (2025-2032).

Based on vehicle type segmentation, electric buses were predicted to show the maximum market share in the year 2024.

Based on propulsion type segmentation, battery electric vehicles (BEV) were the leading propulsion type in 2024.

Based on drive type segmentation, rear wheel drive (RWD) was the leading drive type in 2024.

Based on vehicle speed segmentation, the category above 80 km/h was the leading vehicle speed in 2024.

Based on region, Asia Pacific was the leading revenue generator in 2024.

Electric Commercial Vehicle Market- Segmentation Analysis:

The global electric commercial vehicle market is segmented based on vehicle type, propulsion type, drive type, vehicle speed, by country, and by region.

The market is divided into three categories based on electric commercial vehicle type: buses & coaches, heavy trucks, light commercial vehicles. Among these, electric buses hold the dominant position in the electric commercial vehicle market. This dominance is largely driven by the increasing adoption of electric buses in urban public transport systems worldwide, where governments are prioritizing the reduction of air pollution and greenhouse gas emissions. Many cities are replacing conventional diesel buses with electric alternatives to comply with stringent emission regulations and improve air quality. The heavy truck segment is also witnessing growth, particularly in logistics and freight transport, due to rising fuel costs and advancements in battery technology that allow longer ranges. Meanwhile, light commercial vehicles, such as electric vans and small delivery trucks, are increasingly used in last-mile delivery and e-commerce operations, benefiting from lower operating costs and easier maneuverability in urban areas. Overall, the electric bus segment leads the market because of strong government support, urban electrification policies, and increasing investment in public transportation infrastructure, making it the largest contributor to the growth of the electric commercial vehicle market.

The market is also divided into three categories based on drive type: all-wheel drive, rear-wheel drive, front-wheel drive. Rear wheel drive vehicles market holds the largest market share and dominates market. The electric commercial vehicle market is also segmented based on drive type into all-wheel drive (AWD), rear-wheel drive (RWD), and front-wheel drive (FWD) vehicles. Each drive type is designed to meet specific operational requirements, with advantages varying depending on vehicle size, payload, and terrain. Among these, rear-wheel drive vehicles hold the largest market share, primarily because they offer superior load distribution, stability, and traction for medium- and heavy-duty commercial vehicles. This makes them ideal for buses, trucks, and delivery vans that carry larger payloads over long distances. RWD systems are also preferred for their durability, efficiency, and lower maintenance costs compared to AWD vehicles. Wheel drive vehicles are used in off-road or specialized applications and front-wheel drive vehicles are more common in light-duty vans and smaller commercial vehicles, the strong performance, reliability, and cost-effectiveness of rear-wheel drive systems have made them the most widely adopted drive type in the electric commercial vehicle market. This preference is particularly noticeable in regions with established logistics and public transport infrastructure.

Electric Commercial Vehicle Market- Geographical Insights

Asia Pacific has the largest electric commercial vehicle market share globally in 2024.

Asia Pacific emerged as the largest market for electric commercial vehicles (ECVs) globally, reflecting the region's strong focus on sustainable transportation and emission reduction. China, being the largest contributor, has heavily invested in electric bus fleets and electric delivery trucks to meet urban emission targets and support its "green mobility" initiatives. India and Japan are also playing key roles, with government subsidies, tax incentives, and low-interest loans encouraging fleet operators to transition from conventional diesel vehicles to electric alternatives. The rapid growth of e-commerce and last-mile delivery services in the region is another major factor driving demand for electric vans and light commercial vehicles. Furthermore, advancements in battery technology, local manufacturing capabilities, and the expansion of charging infrastructure are making ECVs more accessible and efficient, supporting large-scale adoption across urban and semi-urban areas. Overall, these combined factors have positioned Asia Pacific at the forefront of the global ECV market, making it a hub for innovation, investment, and sustainable transportation solutions.

North America is projected to record the highest CAGR within the electric commercial vehicle market over the forecast period.

This rapid growth is driven by increasing government initiatives and stringent emission regulations aimed at reducing greenhouse gas emissions from commercial fleets. Countries like the United States and Canada are offering significant incentives, tax rebates, and grants to support the adoption of electric buses, trucks, and delivery vans. The region is also witnessing substantial investments in charging infrastructure, making electric commercial vehicles more practical for long-distance and urban operations. Additionally, the growing focus on sustainability among logistics, e-commerce, and public transport companies is accelerating the shift toward electric fleets. Advances in battery technology, such as higher energy density and faster charging, are further enhancing vehicle efficiency and operational range, contributing to North America's strong projected market growth.

Electric Commercial Vehicle Market- Competitive Landscape:

The worldwide Electric Commercial Vehicle (ECV) market is highly competitive, featuring well-established automakers, regional players, and innovative new entrants all fighting for market share. Major global players include BYD Company Ltd. (China), Tesla, Inc. (United States), Daimler Truck AG (Germany), Volvo Group (Sweden), Ford Motor Company (United States), and Rivian Automotive, Inc. (United States). BYD dominates the international electric bus market and has expanded rapidly in Latin America, Europe, and Asia-Pacific, and Tesla has attracted attention with the Tesla Semi truck supported by its large Supercharger network. Daimler's Freightliner Cascadia and Volvo's VNR Electric are major forces in the heavy-duty truck sector, while Ford has strengthened itself with the E-Transit van and F-150 Lightning Pro for fleet use. Rising disruptors like Nikola Corporation (USA), Arrival (UK), and Proterra Inc. (USA) are concentrating on lightweights, modular manufacturing, and logistics alliances with Amazon and UPS. In Asia-Pacific, Tata Motors (India), Ashok Leyland (India), and Mahindra Electric Mobility Ltd. (India) are strongly developing their electric bus, truck, and last-mile delivery solutions business.

In addition to vehicle makers, charging technology and infrastructure players contribute significantly to market development. Players such as ABB Ltd. (Switzerland), Siemens AG (Germany), Tata Power (India), and ChargePoint Holdings, Inc. (U.S.) are also investing significantly in high-volume charging networks to underpin fleet adoption. Cooperation has emerged as a core strategy, as illustrated in Volvo Group and Daimler Truck's common development of fuel cells or in BYD's European and Indian partnerships. With decreasing battery prices, tighter emissions regulations, and increasing fleet electrification programs, competition will only increase more. Amidst this changing scenario, players with strong R&D strength, mass market production capability, strong partnerships, and international market presence will be in the best position to become the leaders in the ECV sector in the years to come.

Recent Developments:

In March 2024, Tesla Inc. unveiled its updated Tesla Semi with improved battery efficiency and extended range, aiming to enhance operational viability for long-haul freight. This development is intended to reduce charging downtime and lower total cost of ownership for fleet operators.

In May 2024, BYD Company Ltd. launched its new line of electric delivery vans in Europe, targeting the urban logistics sector. The move is aimed at expanding the company's footprint in the global electric commercial vehicle market while meeting stringent emission regulations.

In July 2024, Volvo Trucks introduced an advanced electric heavy-duty truck model featuring higher payload capacity and faster charging capabilities. This initiative supports the company's goal of achieving a fully fossil-free vehicle portfolio by 2040.

In September 2024, Rivian Automotive Inc. began mass production of its electric commercial vans for major e-commerce clients. The launch focuses on improving delivery efficiency while reducing environmental impact in the last-mile delivery segment.

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL ELECTRIC COMMERCIAL VEHICLE MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS

• Ankai Automobile Co., Ltd.
• Arrival Ltd.
• Ashok Leyland
• BYD Company Ltd.
• Daimler Truck AG (Freightliner)
• Ford Motor Company
• Hino Motors (Toyota)
• Hyundai Motor Company
• Iveco Group
• Mahindra Electric Mobility Ltd.
• MAN Truck & Bus (Traton Group)
• Nikola Corporation
• Proterra Inc.
• Rivian Automotive, Inc.
• Scania (Traton Group)
• Stellantis
• Tata Motors
• Tesla, Inc.
• Volvo Group
• Yutong Bus Co., Ltd.
• Others

GLOBAL ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE- MARKET ANALYSIS, 2019 - 2032

• Buses & Coaches
• Heavy Trucks
• Light Commercial Vehicles
• Others

GLOBAL ELECTRIC COMMERCIAL VEHICLE MARKET, BY PROPULSION TYPE - MARKET ANALYSIS, 2019 - 2032

• Fuel Cell Electric Vehicle
• Plug-in Hybrid Electric vehicle
• Battery Electric Vehicle
• Others

GLOBAL ELECTRIC COMMERCIAL VEHICLE MARKET, BY DRIVE TYPE - MARKET ANALYSIS, 2019 - 2032

• All-wheel Drive
• Rear-wheel Drive
• Front-wheel Drive

GLOBAL ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE SPEED - MARKET ANALYSIS, 2019 - 2032

• Above 125 MPH
• 100MPH to 125MPH
• Less Than 100 MPH

GLOBAL ELECTRIC COMMERCIAL VEHICLE MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• The Netherlands
• Sweden
• Russia
• Poland
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Indonesia
• Thailand
• Philippines
• Rest of APAC
• Latin America
• Brazil
• Mexico
• Argentina
• Colombia
• Rest of LATAM
• The Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Turkey
• Algeria
• Egypt
• Rest of MEA

Table of Contents

1. Electric Commercial Vehicle Market Overview

• 1.1. Study Scope
• 1.2. Market Estimation Years

2. Executive Summary

• 2.1. Market Snippet
  • 2.1.1. Electric Commercial Vehicle Market Snippet by Vehicle Type
  • 2.1.2. Electric Commercial Vehicle Market Snippet by Propulsion Type
  • 2.1.3. Electric Commercial Vehicle Market Snippet by Drive Type
  • 2.1.4. Electric Commercial Vehicle Market Snippet by Vehicle Speed
  • 2.1.5. Electric Commercial Vehicle Market Snippet by Country
  • 2.1.6. Electric Commercial Vehicle Market Snippet by Region
• 2.2. Competitive Insights

3. Electric Commercial Vehicle Key Market Trends

• 3.1. Electric Commercial Vehicle Market Drivers
  • 3.1.1. Impact Analysis of Market Drivers
• 3.2. Electric Commercial Vehicle Market Restraints
  • 3.2.1. Impact Analysis of Market Restraints
• 3.3. Electric Commercial Vehicle Market Opportunities
• 3.4. Electric Commercial Vehicle Market Future Trends

4. Electric Commercial Vehicle Industry Study

• 4.1. PESTEL Analysis
• 4.2. Porter's Five Forces Analysis
• 4.3. Growth Prospect Mapping
• 4.4. Regulatory Framework Analysis

5. Electric Commercial Vehicle Market: Impact of Escalating Geopolitical Tensions

• 5.1. Impact of COVID-19 Pandemic
• 5.2. Impact of Russia-Ukraine War
• 5.3. Impact of Middle East Conflicts

6. Electric Commercial Vehicle Market Landscape

• 6.1. Electric Commercial Vehicle Market Share Analysis, 2024
• 6.2. Breakdown Data, by Key Manufacturer
  • 6.2.1. Established Players' Analysis
  • 6.2.2. Emerging Players' Analysis

7. Electric Commercial Vehicle Market - By Vehicle Type

• 7.1. Overview
  • 7.1.1. Segment Share Analysis, By Vehicle Type, 2024 & 2032 (%)
  • 7.1.2. Buses & Coaches
  • 7.1.3. Heavy Trucks
  • 7.1.4. Light Commercial Vehicles

8. Electric Commercial Vehicle Market - By Propulsion Type

• 8.1. Overview
  • 8.1.1. Segment Share Analysis, By Propulsion Type, 2024 & 2032 (%)
  • 8.1.2. Fuel Cell Electric Vehicle
  • 8.1.3. Plug-in Hybrid Electric vehicle
  • 8.1.4. Battery Electric Vehicle

9. Electric Commercial Vehicle Market - By Drive Type

• 9.1. Overview
  • 9.1.1. Segment Share Analysis, By Drive Type, 2024 & 2032 (%)
  • 9.1.2. All-wheel Drive
  • 9.1.3. Rear-wheel Drive
  • 9.1.4. Front-wheel Drive

10. Electric Commercial Vehicle Market - By Vehicle Speed

• 10.1. Overview
  • 10.1.1. Segment Share Analysis, By Vehicle speed, 2024 & 2032 (%)
  • 10.1.2. Above 125 MPH
  • 10.1.3. 100MPH to 125MPH
  • 10.1.4. Less Than 100 MPH

11. Electric Commercial Vehicle Market- By Geography

• 11.1. Introduction
  • 11.1.1. Segment Share Analysis, By Geography, 2024 & 2032 (%)
• 11.2. North America
  • 11.2.1. Overview
  • 11.2.2. Electric Commercial Vehicle Key Manufacturers in North America
  • 11.2.3. North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
  • 11.2.4. North America Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  • 11.2.5. North America Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
  • 11.2.6. North America Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
  • 11.2.7. North America Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.2.8. U.S.
    • 11.2.8.1. Overview
    • 11.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.2.8.3. U.S. Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.2.8.4. U.S. Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.2.8.5. U.S. Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.2.8.6. U.S. Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.2.9. Canada
    • 11.2.9.1. Overview
    • 11.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.2.9.3. Canada Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.2.9.4. Canada Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.2.9.5. Canada Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.2.9.6. Canada Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
• 11.3. Europe
  • 11.3.1. Overview
  • 11.3.2. Electric Commercial Vehicle Key Manufacturers in Europe
  • 11.3.3. Europe Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
  • 11.3.4. Europe Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  • 11.3.5. Europe Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
  • 11.3.6. Europe Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
  • 11.3.7. Europe Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.3.8. Germany
    • 11.3.8.1. Overview
    • 11.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.3.8.3. Germany Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.3.8.4. Germany Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.3.8.5. Germany Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.3.8.6. Germany Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.3.9. UK
    • 11.3.9.1. Overview
    • 11.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.3.9.3. UK Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.3.9.4. UK Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.3.9.5. UK Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.3.9.6. UK Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.3.10. France
    • 11.3.10.1. Overview
    • 11.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.3.10.3. France Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.3.10.4. France Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.3.10.5. France Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.3.10.6. France Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.3.11. Italy
    • 11.3.11.1. Overview
    • 11.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.3.11.3. Italy Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.3.11.4. Italy Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.3.11.5. Italy Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.3.11.6. Italy Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.3.12. Spain
    • 11.3.12.1. Overview
    • 11.3.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.3.12.3. Spain Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.3.12.4. Spain Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.3.12.5. Spain Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.3.12.6. Spain Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.3.13. The Netherlands
    • 11.3.13.1. Overview
    • 11.3.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.3.13.3. The Netherlands Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.3.13.4. The Netherlands Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.3.13.5. The Netherlands Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.3.13.6. The Netherlands Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.3.14. Sweden
    • 11.3.14.1. Overview
    • 11.3.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.3.14.3. Sweden Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.3.14.4. Sweden Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.3.14.5. Sweden Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.3.14.6. Sweden Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.3.15. Russia
    • 11.3.15.1. Overview
    • 11.3.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.3.15.3. Russia Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.3.15.4. Russia Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.3.15.5. Russia Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.3.15.6. Russia Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.3.16. Poland
    • 11.3.16.1. Overview
    • 11.3.16.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.3.16.3. Poland Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.3.16.4. Poland Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.3.16.5. Poland Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.3.16.6. Poland Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.3.17. Rest of Europe
    • 11.3.17.1. Overview
    • 11.3.17.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.3.17.3. Rest of the Europe Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.3.17.4. Rest of the Europe Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.3.17.5. Rest of the Europe Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.3.17.6. Rest of the Europe Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
• 11.4. Asia Pacific (APAC)
  • 11.4.1. Overview
  • 11.4.2. Electric Commercial Vehicle Key Manufacturers in Asia Pacific
  • 11.4.3. APAC Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
  • 11.4.4. APAC Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  • 11.4.5. APAC Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
  • 11.4.6. APAC Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
  • 11.4.7. APAC Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.4.8. China
    • 11.4.8.1. Overview
    • 11.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.4.8.3. China Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.4.8.4. China Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.4.8.5. China Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.4.8.6. China Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.4.9. India
    • 11.4.9.1. Overview
    • 11.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.4.9.3. India Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.4.9.4. India Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.4.9.5. India Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.4.9.6. India Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.4.10. Japan
    • 11.4.10.1. Overview
    • 11.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.4.10.3. Japan Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.4.10.4. Japan Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.4.10.5. Japan Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.4.10.6. Japan Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.4.11. South Korea
    • 11.4.11.1. Overview
    • 11.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.4.11.3. South Korea Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.4.11.4. South Korea Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.4.11.5. South Korea Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.4.11.6. South Korea Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.4.12. Australia
    • 11.4.12.1. Overview
    • 11.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.4.12.3. Australia Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.4.12.4. Australia Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.4.12.5. Australia Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.4.12.6. Australia Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.4.13. Indonesia
    • 11.4.13.1. Overview
    • 11.4.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.4.13.3. Indonesia Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.4.13.4. Indonesia Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.4.13.5. Indonesia Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.4.13.6. Indonesia Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.4.14. Thailand
    • 11.4.14.1. Overview
    • 11.4.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.4.14.3. Thailand Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.4.14.4. Thailand Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.4.14.5. Thailand Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.4.14.6. Thailand Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.4.15. Philippines
    • 11.4.15.1. Overview
    • 11.4.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.4.15.3. Philippines Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.4.15.4. Philippines Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.4.15.5. Philippines Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.4.15.6. Philippines Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.4.16. Rest of APAC
    • 11.4.16.1. Overview
    • 11.4.16.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.4.16.3. Rest of APAC Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.4.16.4. Rest of APAC Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.4.16.5. Rest of APAC Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.4.16.6. Rest of APAC Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
• 11.5. Latin America (LATAM)
  • 11.5.1. Overview
  • 11.5.2. Electric Commercial Vehicle Key Manufacturers in Latin America
  • 11.5.3. LATAM Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
  • 11.5.4. LATAM Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  • 11.5.5. LATAM Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
  • 11.5.6. LATAM Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
  • 11.5.7. LATAM Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.5.8. Brazil
    • 11.5.8.1. Overview
    • 11.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.5.8.3. Brazil Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.5.8.4. Brazil Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.5.8.5. Brazil Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.5.8.6. Brazil Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.5.9. Mexico
    • 11.5.9.1. Overview
    • 11.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.5.9.3. Mexico Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.5.9.4. Mexico Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.5.9.5. Mexico Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.5.9.6. Mexico Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.5.10. Argentina
    • 11.5.10.1. Overview
    • 11.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.5.10.3. Argentina Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.5.10.4. Argentina Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.5.10.5. Argentina Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.5.10.6. Argentina Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.5.11. Colombia
    • 11.5.11.1. Overview
    • 11.5.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.5.11.3. Colombia Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.5.11.4. Colombia Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.5.11.5. Colombia Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.5.11.6. Colombia Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.5.12. Rest of LATAM
    • 11.5.12.1. Overview
    • 11.5.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.5.12.3. Rest of LATAM Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.5.12.4. Rest of LATAM Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.5.12.5. Rest of LATAM Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.5.12.6. Rest of LATAM Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
• 11.6. Middle East and Africa (MEA)
  • 11.6.1. Overview
  • 11.6.2. Electric Commercial Vehicle Key Manufacturers in Middle East and Africa
  • 11.6.3. MEA Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
  • 11.6.4. MEA Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
  • 11.6.5. MEA Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
  • 11.6.6. MEA Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
  • 11.6.7. MEA Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.6.8. Saudi Arabia
    • 11.6.8.1. Overview
    • 11.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.6.8.3. Saudi Arabia Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.6.8.4. Saudi Arabia Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.6.8.5. Saudi Arabia Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.6.8.6. Saudi Arabia Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.6.9. United Arab Emirates
    • 11.6.9.1. Overview
    • 11.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.6.9.3. United Arab Emirates Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.6.9.4. United Arab Emirates Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.6.9.5. United Arab Emirates Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.6.9.6. United Arab Emirates Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.6.10. Israel
    • 11.6.10.1. Overview
    • 11.6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.6.10.3. Israel Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.6.10.4. Israel Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.6.10.5. Israel Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.6.10.6. Israel Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.6.11. Turkey
    • 11.6.11.1. Overview
    • 11.6.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.6.11.3. Turkey Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.6.11.4. Turkey Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.6.11.5. Turkey Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.6.11.6. Turkey Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.6.12. Algeria
    • 11.6.12.1. Overview
    • 11.6.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.6.12.3. Algeria Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.6.12.4. Algeria Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.6.12.5. Algeria Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.6.12.6. Algeria Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.6.13. Egypt
    • 11.6.13.1. Overview
    • 11.6.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.6.13.3. Egypt Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.6.13.4. Egypt Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.6.13.5. Egypt Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.6.13.6. Egypt Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)
  • 11.6.14. Rest of MEA
    • 11.6.14.1. Overview
    • 11.6.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
    • 11.6.14.3. Rest of MEA Market Size and Forecast, By Vehicle Type, 2019 - 2032 (US$ Million)
    • 11.6.14.4. Rest of MEA Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
    • 11.6.14.5. Rest of MEA Market Size and Forecast, By Drive Type , 2019 - 2032 (US$ Million)
    • 11.6.14.6. Rest of MEA Market Size and Forecast, By Vehicle Speed , 2019 - 2032 (US$ Million)

12. Key Vendor Analysis- Electric Commercial Vehicle Industry

• 12.1. Competitive Benchmarking
  • 12.1.1. Competitive Dashboard
  • 12.1.2. Competitive Positioning
• 12.2. Company Profiles
  • 12.2.1. Ankai Automobile Co., Ltd.
  • 12.2.2. Arrival Ltd.
  • 12.2.3. Ashok Leyland
  • 12.2.4. BYD Company Ltd.
  • 12.2.5. Daimler Truck AG (Freightliner)
  • 12.2.6. Ford Motor Company
  • 12.2.7. Hino Motors (Toyota)
  • 12.2.8. Hyundai Motor Company
  • 12.2.9. Iveco Group
  • 12.2.10. Mahindra Electric Mobility Ltd.
  • 12.2.11. MAN Truck & Bus (Traton Group)
  • 12.2.12. Nikola Corporation
  • 12.2.13. Proterra Inc.
  • 12.2.14. Rivian Automotive Inc.
  • 12.2.15. Scania (Traton Group)
  • 12.2.16. Stellantis
  • 12.2.17. Tata Motors
  • 12.2.18. Tesla, Inc.
  • 12.2.19. Volvo Group
  • 12.2.20. Yutong Bus Co. Ltd.
  • 12.2.21. Others

13. 360 Degree AnalystView

14. Appendix

• 14.1. Research Methodology
• 14.2. References
• 14.3. Abbreviations
• 14.4. Disclaimer
• 14.5. Contact Us