Electric truck

The global electric commercial vehicle market size is projected to grow from 261 thousand units in 2020 to reach 1,890 thousand units by 2027, at a CAGR of 32.7%

Wednesday, November 20, 2019 - 6:00pm

The global electric commercial vehicle market size is projected to grow from 261 thousand units in 2020 to reach 1,890 thousand units by 2027, at a CAGR of 32.7%.

Key Points: 
  • The global electric commercial vehicle market size is projected to grow from 261 thousand units in 2020 to reach 1,890 thousand units by 2027, at a CAGR of 32.7%.
  • The advancements in battery pack technologies and electric powertrains are some of the major factors driving the growth of the electric commercial vehicle industry.
  • Increasing demand for fuel efficient and zero emission vehicles in the logistics sector is also driving the market.
  • The large volumes of electric bus, favorable regulations for electric commercial vehicles, and rapidly growing logistics sector are projected to boost the electric commercial vehicle market in the region.

Electric Commercial Vehicle Market Worth 1,890 Thousand Units by 2027 - Exclusive Report by MarketsandMarkets™

Wednesday, November 13, 2019 - 9:36am

CHICAGO, Nov. 13, 2019 /PRNewswire/ -- According to the new market research report " Electric Commercial Vehicle Market by Propulsion Type, Vehicle Type, Range, Battery Type, Length of Bus, Power Output Type, Battery Capacity Type, Component Type, Autonomous Vehicles Type, and Region - Global Forecast to 2027", published by MarketsandMarkets, the Electric Commercial Vehicle Market is projected to grow from 261 thousand units in 2020 to reach 1,890 thousand units by 2027, at a CAGR of 32.7%.

Key Points: 
  • CHICAGO, Nov. 13, 2019 /PRNewswire/ -- According to the new market research report " Electric Commercial Vehicle Market by Propulsion Type, Vehicle Type, Range, Battery Type, Length of Bus, Power Output Type, Battery Capacity Type, Component Type, Autonomous Vehicles Type, and Region - Global Forecast to 2027", published by MarketsandMarkets, the Electric Commercial Vehicle Market is projected to grow from 261 thousand units in 2020 to reach 1,890 thousand units by 2027, at a CAGR of 32.7%.
  • Thus, the Electric Commercial Vehicle Market is expected to witness significant growth in the future.
  • The Asia Pacific region is the largest Electric Commercial Vehicle Market in the world.
  • The large demand for electric buses, favorable regulations for electric commercial vehicles, and the rapidly growing logistics sector are expected to boost the Electric Commercial Vehicle Market in the region.

Electric Commercial Vehicle Market Worth 1,890 Thousand Units by 2027 - Exclusive Report by MarketsandMarkets™

Wednesday, November 13, 2019 - 9:41am

CHICAGO, Nov. 13, 2019 /PRNewswire/ -- According to the new market research report " Electric Commercial Vehicle Market by Propulsion Type, Vehicle Type, Range, Battery Type, Length of Bus, Power Output Type, Battery Capacity Type, Component Type, Autonomous Vehicles Type, and Region - Global Forecast to 2027", published by MarketsandMarkets, the Electric Commercial Vehicle Market is projected to grow from 261 thousand units in 2020 to reach 1,890 thousand units by 2027, at a CAGR of 32.7%.

Key Points: 
  • CHICAGO, Nov. 13, 2019 /PRNewswire/ -- According to the new market research report " Electric Commercial Vehicle Market by Propulsion Type, Vehicle Type, Range, Battery Type, Length of Bus, Power Output Type, Battery Capacity Type, Component Type, Autonomous Vehicles Type, and Region - Global Forecast to 2027", published by MarketsandMarkets, the Electric Commercial Vehicle Market is projected to grow from 261 thousand units in 2020 to reach 1,890 thousand units by 2027, at a CAGR of 32.7%.
  • Thus, the Electric Commercial Vehicle Market is expected to witness significant growth in the future.
  • The Asia Pacific region is the largest Electric Commercial Vehicle Market in the world.
  • The large demand for electric buses, favorable regulations for electric commercial vehicles, and the rapidly growing logistics sector are expected to boost the Electric Commercial Vehicle Market in the region.

China Heavy Truck Industry Report, 2019-2025: Product Segments, Export Market, Competition

Friday, November 8, 2019 - 12:30am

DUBLIN, Nov. 7, 2019 /PRNewswire/ -- The "China Heavy Truck Industry Report, 2019-2025" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Nov. 7, 2019 /PRNewswire/ -- The "China Heavy Truck Industry Report, 2019-2025" report has been added to ResearchAndMarkets.com's offering.
  • Product segments: About 35% sales of heavy trucks in China are semi-trailer tractors whose sales in 2018 reached 422,000 units at home.
  • China Heavy Truck Industry Report, 2019-2025 highlights the following:
    Production & sales, import & export and competitive pattern of segmented heavy trucks (complete heavy truck, chassis, semi-trailer tractor) in China
    Heavy truck upstream (steel, rubber) market size and prices and downstream (infrastructure construction, real estate development, freight transport) market size, etc.
  • 15 Chinese heavy truck manufacturers (operation, revenue structure, heavy truck business, etc.

Volvo Trucks Launches Sales of Electric Trucks for Urban Transport

Wednesday, November 6, 2019 - 8:30am

GTEBORG, Sweden, Nov. 6, 2019 /PRNewswire/ -- Volvo Trucks announces the start of sales of its Volvo FL and Volvo FE electric trucks in selected markets within Europe, meeting the increasing demand for sustainable transport solutions in city environments.

Key Points: 
  • GTEBORG, Sweden, Nov. 6, 2019 /PRNewswire/ -- Volvo Trucks announces the start of sales of its Volvo FL and Volvo FE electric trucks in selected markets within Europe, meeting the increasing demand for sustainable transport solutions in city environments.
  • In the absence of exhaust emissions and with reduced noise levels from electric trucks offer huge potential in urban areas.
  • Volvo FL Electric and Volvo FE Electric were developed in close collaboration with selected customers operating in Gothenburg, Sweden.
  • The Volvo FL Electric and Volvo FE Electric trucks have been developed for distribution, refuse handling and other urban transport applications.

NFI Leads Logistics Industry in Sustainability as Early Adopter of Electric Vehicles

Tuesday, October 29, 2019 - 4:10pm

Working with a range of manufacturers to implement electric vehicles into its operations, NFI received its first electric truck in August 2019 and will have 40 electric vehicles in its operational fleet by mid 2020, including electric yard tractors.

Key Points: 
  • Working with a range of manufacturers to implement electric vehicles into its operations, NFI received its first electric truck in August 2019 and will have 40 electric vehicles in its operational fleet by mid 2020, including electric yard tractors.
  • With plans to receive nine additional eCascadias, NFI will test the battery electric vehicles under real-world conditions and provide feedback to help enhance the integration of commercial electric vehicles into operations.
  • Further reinforcing its commitment to building its electric fleet, NFI has installed electric charging stations within its Southern California operations.
  • NFI will also receive 25 Kalmar Ottawa Electric T2E Terminal Tractors early next year for use in its California distribution centers.

Global Battery-Powered Electric Commercial Transport Fleet Expanding to 3 million Units by 2024

Tuesday, October 22, 2019 - 1:30pm

Government regulations, tax incentives, and improved price parity are leading to the increasing adoption of battery-powered electric commercial vehicles (BEV).

Key Points: 
  • Government regulations, tax incentives, and improved price parity are leading to the increasing adoption of battery-powered electric commercial vehicles (BEV).
  • This strong early adoption will drive the number of BEV commercial vehicles to 3 million units worldwide by 2024, according to global tech market advisory firm, ABI Research.
  • Recently, Daimler Trucks North America delivered its first Freightliner, eCascadia, to both Penske and NFI, and Amazon ordered 100,000 electric trucks from Rivian.
  • These findings are from ABI Researchs Commercial Transport and Supply Chain Disruptive Influencers report.

China Heavy Truck Industry Report, 2019-2025

Monday, October 21, 2019 - 1:10pm

In 2018, China, the largest heavy truck market around the globe, sold approximately 1.15 million heavy trucks (a 48.1% share of global total), up 2.8% on an annualized basis, with a CAGR of 7.9% from 2008 to 2018 and higher than the growth rate of global market.

Key Points: 
  • In 2018, China, the largest heavy truck market around the globe, sold approximately 1.15 million heavy trucks (a 48.1% share of global total), up 2.8% on an annualized basis, with a CAGR of 7.9% from 2008 to 2018 and higher than the growth rate of global market.
  • Export market: The cargo truck exported from China has an ever heavier tonnage, and the exported heavy trucks from China were approximately 50,000 tons altogether in 2018 with a year-on-year increase of over 10%, which is largely attributed to the factors as follows: 1) the heavy truck is in short supply in Europe, Africa, Americas, etc.
  • China Heavy Truck Industry Report, 2019-2025 highlights the following:
    Heavy truck ownership, production & sales, market structure, competitive landscape as well as the sales volume of natural gas heavy trucks and the development tendencies of heavy truck industry in China;
    Production & sales, import & export and competitive pattern of segmented heavy trucks (complete heavy truck, chassis, semi-trailer tractor) in China;
    Heavy truck upstream (steel, rubber) market size and prices and downstream (infrastructure construction, real estate development, freight transport) market size, etc.
  • ;
    15 Chinese heavy truck manufacturers (operation, revenue structure, heavy truck business, etc.).

Dependable Supply Chain Services Deploys Orange EV Electric Trucks as First Step Towards Zero-Emission Freight Facility

Wednesday, October 16, 2019 - 2:15pm

KANSAS CITY, Mo., and ONTARIO, Calif., Oct. 16, 2019 /PRNewswire-PRWeb/ -- Orange EV and Dependable Supply Chain Services today announced the deployment of Orange EV pure electric terminal trucks (aka yard trucks, hostlers, spotters), the first step in fulfilling the Dependable Highway Express (DHE) plan to transform their Ontario, California facility into a sustainable, energy efficient, emission-free freight terminal.

Key Points: 
  • KANSAS CITY, Mo., and ONTARIO, Calif., Oct. 16, 2019 /PRNewswire-PRWeb/ -- Orange EV and Dependable Supply Chain Services today announced the deployment of Orange EV pure electric terminal trucks (aka yard trucks, hostlers, spotters), the first step in fulfilling the Dependable Highway Express (DHE) plan to transform their Ontario, California facility into a sustainable, energy efficient, emission-free freight terminal.
  • Launching their transition to a zero-emission facility, DHE replaced two diesel yard trucks with two Orange EV battery electric trucks.
  • "Dependable strives to implement leading-edge green initiatives and has achieved the EPA's rigorous SmartWay supply chain sustainability standards.
  • Orange EV's Class 8 electric trucks, commercially deployed since 2015 , are more than 400% more energy efficient than their diesel counterparts.

CATL and VWCO Collaborate to Speed up Global Commercial Vehicle Electrification

Sunday, October 13, 2019 - 8:39pm

CATL is going to offer the comprehensive battery solutions for the electrification of VWCO, including battery development, manufacturing, as well as recycle and secondary use.

Key Points: 
  • CATL is going to offer the comprehensive battery solutions for the electrification of VWCO, including battery development, manufacturing, as well as recycle and secondary use.
  • Equipped with CATL's standard LFP (lithium iron phosphate) battery packs, e-Delivery 11 and 14-ton models will be launched to global market soon in 2020.
  • The cooperated electric trucks will be applied with the latest model of standard battery pack in CATL that is specifically designed for commercial vehicles.
  • The partnership is also a part of the pioneering e-Consortium, an alliance established between VWCO and selected suppliers for facilitating access to electric technology in the commercial vehicle (CV) sector.