Commercial Electric Vehicle Installed Base
Source Research:
Zero-Emission Vehicle Adoption in Fleets: Investments, Use Cases, Reduced Costs, Regulations, and Infrastructure
Research Report | 10 May 2023 | AN-5483
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The chart above depicts the projected growth of the global electrical commercial vehicle market. It shows an estimated increase from 171,000 vehicles in 2020 to approximately 3,000,000 vehicles by 2030. The term "commercial" in this context refers to the size of the vehicles, specifically Class 1 through Class 8 trucks and vans. The driving forces behind this growth are the rising demand for low emission commuting and governmental initiatives promoting zero-emission transportation for electric commercial vehicles.
