Global Electric Commercial Vehicles Market Size and Forecast 2023-2032|BYD, Proterra, AB Volvo, Daimler AG, Nissan,

The Electric Commercial Vehicles Global Market Report 2023 by The Business Research Company, provides electric commercial vehicles market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Electric Commercial Vehicles Global Market Report 2023, the market size grew from $88.45 billion in 2022 to $116.95 billion in 2023 at a compound annual growth rate (CAGR) of 32.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global commercial electric vehicles is expected to grow from $357.44 billion in 2027 at a CAGR of 32.2%.

During the historic period, government subsidies on electric commercial vehicles marketcontributed to the growth of the electric commercial vehicle market.

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The electric commercial vehicles market is segmented:

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), Other Battery Types

4)By Technology: Battery Electric Commercial Vehicles, Plug-in Hybrids, Hybrids, Fuel Cell Electric Commercial Vehicles.

The electric commercial vehicles market report table of contents includes:

1. Executive Summary

2. Electric Commercial Vehicles Market Characteristics

3. Electric Commercial Vehicles Market Trends And Strategies

4. Electric Commercial Vehicles Market – Macro Economic Scenario