Europe Electric Commercial Vehicle Market 2021-2026

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    A commercial motor vehicle (CMV) is one that is used for business or commercial reasons. A commercial driver, as opposed to a personal driver, runs a vehicle for business purposes. Commercial vehicles can transport either goods or people.


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    Buses and some vans qualify as commercial motor vehicles, as do large trucks and some tow trucks. Other types of CMVs include garbage trucks, delivery trucks, cement trucks, flatbed trucks and vehicles that transport passengers. Most commercial motor vehicles require matching commercial driver’s licenses to lawfully operate them.


    The most common type of commercial vehicle is the panel van. Panel vans are the ‘standard’ appearance for nearly every major commercial vehicle marketed in Europe, distinguished by their boxy form and big, roomy cargo bays in the back. Panel vans lack rear view mirrors and back windows, allowing drivers to see straight behind them, although the side mirrors are bigger than those found in most cars to compensate.


    To know more about developments in Electric van market, read our report



    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Ford moves into EV Commercial Van Segment Ford Motors has announced its entry into the commercial segment of vans manufacturing based upon the Electric propulsion. Europe This would enhance better EV battery Technologies and production




    Europe is making strides in developing a possible commercial vehicle fleet market all over the union nations as it has been expanding rapidly in terms of industrial mobilisation with more and more interfaces of talks being held across for renewable energy-based procurement and installations being set up at varied amounts of items.


    The United Kingdom (UK) is Europe’s third-largest electric vehicle market by sales volume, with a sales share just below the European average. The government has supported electric vehicle adoption with plug-in car grants of up to £3,000 (€3,350) and discounts on ownership taxes, as well as incentives for the buildout of public and private charging stations.


    This has enlightened the path of approach for the commercial vehicles to drive towards better mobility solutions being brought into action across the country and union at all times. With the right policy and charging infrastructure, road freight can be decarbonised to a great extent in the 2020s. This has been the aiming policy of implementation for the commercial vehicle industry in the EU.


    The Regulatory changes have been very keen towards the market developments for commercial vehicles which fall under the heavy category of operations. The EU’s heavy duty vehicle CO2 regulation, planned for 2022, should be addressed as part of the EU Green Deal’s 2030 climate plan. Given the electrification trajectory already considered by the industry (15% sales in 2030), ambitious zero emission vehicle mandates should be set, in particular for not-yet regulated truck categories- such as the small rigid trucks below 16 tonnes – which have very high electrification potential.




    The Europe Electric Commercial Vehicle Market can be segmented into following categories for further analysis.


    By vehicle Type

    • Long Haulage Trucks
    • Short Haulage Trucks
    • Medium Haulage Trucks
    • City bus
    • City van


    By Battery Type

    • Lithium Nickel Manganese Cobalt (LI-NMC)
    • Lithium Iron Phosphate (LFP)
    • Lithium Cobalt Oxide (LCO)
    • Lithium Titanate Oxide (LTO)
    • Lithium Manganese Oxide (LMO)
    • Lithium Nickel Cobalt Aluminium Oxide (NCA)


    By Battery capacity

    • Under 100kWh
    • 100-200kWh
    • More than 200kWh


    The Technological integration of the commercial vehicle electrifications has been on a large and ongoing pace towards better improved mobility at all times of the market optimisations. There have been varied levels of trends noticed in the technological advancement being made in terms of capacitance, speed, and other aspects of operations within a commercial EV which mainly focuses upon the Trucking segment of operations.


    The major focus has been on the powertrain aspects of the EV Commercial vehicle segments. The Vehicle batteries are interestingly ranging from 160- to 200-kWh capacities, giving the trucks a range of 90 to 125 miles, and a top speed of 56 mph. The commercial vehicles can be buses, vans, trucks, agricultural vehicles, such as combine harvesters or tractors, and construction machinery such as excavators or wheel loaders.


    The New Multiple Cell module-based application is being integrated into the commercial vehicles to have a dynamic range vertically or horizontally stacked cells to integrate into vehicle design  vertically for trucks, SUVs, and crossovers, or horizontally for cars and performance vehicles. In extension to these requirements, The Commercial vehicles are being integrated with other mechanical and digitised levels of interfaces.


    There has been a recent introduction of the Digital Programming aspects of operations wherein the chemistry of the battery management system can automatically be updated based upon the programming modules as required. This also helps in improvising the front, rear- and all-wheel drive variations.



    The European market has been making a focused approach of operations throughout the requirements of the union as part of the green energy approach and carbon negative emissions being met as a goal of importance. The European Union has been making its focus largely on the planned approach of better optimisations and better EV integrations into the commercial vehicles market as well.


    The E Trucks Europe has entered into the market as part of various requirements of the green energy implementation of the union. E-Trucks Europe is always looking for innovative opportunities in sustainable transport. It uses Hydrogen based fuelling to have better electrification implemented and integrated into the systems of operations. The Garbage Truck module had been introduced in Amsterdam which has a fuel cell power of 40 kW and a Hydrogen Storage capacitance of 20 Kgs.


    Volvo Trucks has made its revolutionary attempt into the market of commercial vehicles with introduction of various modules of operable EV based Trucks. The Volvo FM, FMX and FH Electric are based upon the zero tailpipe emission deliveries under the commercial vehicle segments. The Volvo FH Electric has a power capacity of 490kW and falls under the Heavy Duty based Commercial vehicle with a 44 Tonnes Gross capacitance weight. The Truck operates on a range of 300 Kms on efficiency and operable modes.


    Volta Trucks has been the most recent introduction into the EV trucking market. London-based Volta Trucks, founded in 2019, is currently on a European tour with its own entry into the last-mile delivery business. The Volta Truck has been operating  the last mile delivery-based Volta Zero module which has a payload capacity of 18690 Pounds. The body of the truck is made from carbon-neutral flax fibre, while the batteries are composed of lithium iron phosphates, so they do not rely on rare earth metals like other types of EV batteries.




    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix


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