Global Commercial Vehicle Electrification Potential and Trends, Forecast to 2025
Drop in Battery Pack Price Below $100/kwh Compounded by Slew of eTruck Product Launches to Capitalise on Subsidies are Poised to Push Electrification in MD & HD Truck Segment to 11.1% by 2025 Translating to 250,000 Market Opportunity
  • GHG emission regulations are ever strengthening in North America, Europe, and China. Climate change concerns among the public is especially propelling the automotive industry to reduce carbon footprint. Countries are looking for options to improve air quality in their communities and to contribute to mitigation of global climate change through electrification. This study provides an overview of the key trends in medium commercial vehicle ranging between 6.1 tonnes and 16 tonnes, and heavy commercial vehicle ranging above 16 tonnes segments of global electric truck market from 2016 to 2025. The various factors attracting adoption of electric trucks and the top challenges are studied in brief. The study reveals that the Chinese truck market will dominate the electric truck market with aggressive plan of subsidy rollout coupled with deployment of charging infrastructure systems in large scale.

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