Europe Commercial Electric Vehicle Market Outlook and Opportunities in Growing Regions

1. Commercial Electric Vehicle Market Size, Trends, Company Profiles, Growth Rate, Trends and its Emerging Opportunities 1 ©P&SIntelligence.Allrightsreserved

2. The decreasing costs and improving operational efficiency of Lithium-ion batteries are some of the biggest factors causing the increasing adoption of commercial electric vehicles across the world. As per the industry experts, the average cost of lithium-ion battery packs for bulk orders decreased from approximately $642/kWh in 2012 to almost $209/kWh in 2017. As batteries account for nearly 40% of the total manufacturing cost of a commercial electric vehicle, their declining prices will significantly boost the manufacturing and sales of the commercial electric vehicles. Request to Get the Sample Report: https://www.psmarketresearch.com/market- analysis/commercial-electric-vehicle-market/report-sample Driven by the above-mentioned factors, the revenue generated from the worldwide sales of commercial electric vehicles is expected to rise from $144.5 billion in 2017 to $362.7 billion by 2025. The global commercial electric vehicle market is predicted to advance at a CAGR of 13.3% during the forecast period (2018–2025). There are two types of commercial electric vehicles available in the market — electric buses and electric trucks. Of these, the electric trucks recorded higher sales in 2017. This is owing to the banning diesel trucks in many countries and the burgeoning demand for the transportation of goods around the world. Geographically, the Asia-Pacific (APAC) region is expected to observe the highest and fastest growth in the adoption of commercial electric vehicles during the forecast period. In this region, China is currently witnessing the highest sales of commercial electric vehicles, owing to the presence of favorable government policies for commercial electric vehicles in the country. The commercial electric vehicle market is also observing huge progress in other APAC countries such as India, on account of the existence of several government policies and measures promoting the deployment of electric buses in private and government fleets, in the country. Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/send- enquiry?enquiry-url=commercial-electric-vehicle-market Hence, it can be said with full confidence that the demand for commercial electric vehicles will rise considerably throughout the world, in the coming years, because of the declining prices of the Lithium-ion batteries, increasing pollution levels, lower operating costs of these vehicles than the fossil fuels-powered vehicles, and the presence of favorable government policies regarding the deployment of commercial vehicles in several countries. COMMERCIAL ELECTRIC VEHICLE MARKET, BY GEOGRAPHY North America Market By propulsion By vehicle type By battery By country – U.S. and Canada Europe Market

3. By propulsion By vehicle type By battery By country – Germany, U.K., France, Italy, Spain, Netherlands, Norway, and Rest of Europe APAC Market By propulsion By vehicle type By battery By country – China, Japan, South Korea, Rest of APAC RoW Market By propulsion By vehicle type By battery By country – Brazil, U.A.E., Others This study covers •Historical and the present size of the Commercial Electric Vehicle Market •Major factors driving the market and their impact during the short, medium, and long terms •Market restraints and their impact during the short, medium, and long terms •Recent trends and evolving opportunities for the market participants •Historical and the present size of the market segments and understand their comparative future potential •Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings •Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders •Major players operating in the market and their service offerings •Recent strategic developments by the major players in the market About P&S Intelligence P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. 3 ©P&SIntelligence.Allrightsreserved

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