Incentives to purchase electric light commercial vehicles (LCVs), trucks, and buses—such as subsidies, tax cuts, or even penalties on internal combustion engine (ICE) vehicles—can significantly make electric vehicles (EVs) attractive to fleets by considerably lowering the acquisition cost. Incentives also give original equipment manufacturers (OEMs) producing EVs a boost to invest more in the EV ecosystem to increase their production scale, which eventually will contribute to lower costs.

Government-issued incentives to establish EV charging infrastructure will support the expansion and scaling of both public and depot-based charging, as well as the proliferation of EVs. Setting up charging infrastructure involves a greater ecosystem comprised of diverse players, including charging equipment manufacturers, charge point operators, fleet and charging software companies, and energy utilities.

•    Why are fleets more incentivized to adopt electric LCVs, trucks, and buses, and how will it impact the future growth trajectory?
•    How are OEMs offering additional services by linking up with charging equipment manufacturers and utility companies?
•    Which new companies have entered the electric charging infrastructure space through equipment or software, and what are the new opportunities showcasing immense growth potential?