Electric Commercial Vehicle Market Size, Demand and Outlook 2023-2028
According to IMARC Group’s latest report, titled “ Electric Commercial Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ”, the global electric commercial vehicle market size reached US$ 91.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 451.7 Billion by 2028, exhibiting a growth rate (CAGR) of 30.3% during 2023-2028. Industry Definition and Application: Electric commercial vehicles refer to self-propelling automobiles that are designed to operate on battery-based electric engines. These vehicles include numerous low- to heavy-duty automobiles, such as buses, vans, trucks, tractors, harvesters and loaders. Widely used for transporting goods as well as passengers, these vehicles are characterized by several operational benefits and low maintenance costs. Consequently, they find numerous applications across the agriculture, mining, logistics and construction sectors. Request Free Sample Report: ...