The Business Research Company’s latest report Electric Commercial Vehicles Global Market Report 2020 covers Electric Commercial Vehicles market drivers, Electric Commercial Vehicles market trends, Electric Commercial Vehicles market segments, Electric Commercial Vehicles market growth rate, Electric Commercial Vehicles market major players, and Electric Commercial Vehicles market size. The report provides in-depth analysis of the impact of COVID-19 on the Electric Commercial Vehicles industry, along with revised market numbers due to the effects of the coronavirus.
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Electric Commercial Vehicles Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global electric commercial vehicles market is expected to decline from $48.54 billion in 2019 to $40.7 billion in 2020 at a compound annual growth rate (CAGR) of -16.06%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $96.85 billion in 2023 at CAGR of 21.8%.
The report covers the Electric Commercial Vehicles market’s segments-
1) By Propulsion Type: BEV, PHEV, FCEV.
2) By Vehicle Type: Electric Bus, Electric Truck, Electric Pick-up Truck, Electric Van.
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.
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