COMMERCIAL ELECTRIC VEHICLE MARKET



One of the largest contributors to GHG emissions worldwide is the transportation sector, which is why several nations are focusing on replacing the current fleet of commercial cars with electric ones that emit no emissions.


The automotive industry is concentrating on efficiency, emission-free propulsion, and cutting-edge technologies in light of anticipated government regulations on emissions produced by vehicles.


The rise of e-commerce, logistics, delivery, and mobility are projected to propel the market for electric commercial vehicles over the forecast period.


The use of energy-efficient electric propulsion, increased vehicle range, and cutting-edge battery technology are the main areas of research and development for electric commercial vehicles, which has increased demand for these vehicles.


The performance and range of electric commercial vehicles are expected to be improved by these vehicles, but users may be hesitant to choose electric commercial vehicles over internal combustion engines (ICE) commercial vehicles due to issues like long charging times, high prices, short battery lives, and a lack of charging stations.


Also, logistics organisations, whose earnings have been continuously dropping as a result of the consistently growing cost of fuel, would considerably benefit from the deployment of electric commercial trucks. Important Manufacturers have recently introduced electric commercial vehicles, including BYD (China), Volkswagen AG (Germany), AB Volvo (Sweden), Nikola Motors (US), and Mercedes Benz Group AG (Germany).


The priority of the manufacturers is the introduction of electric commercial vehicle types. Some of the new models released by significant manufacturers are listed in the table below.



-By HildA Doku | thetransporteroline24| Ghana

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