New Zealand Electric Commercial Vehicle Market 2022-2027

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    NEW ZEALAND ELECTRIC COMMERCIAL VEHICLE MARKET

     

    INTRODUCTION

     

    This government’s Labour and Green party partnership will encourage long-term development in electric vehicle sales by improving incentives for EV adoption in 2021, propelling New Zealand to the forefront of Adoption of electric vehicles in Asia.

     

    With the implementation of the EV incentives, the New Zealand government proposed a “UTE tax” of a considerable amount on every new UTE sale, claiming that this would help to stimulate and fund the EV incentive program. UTEs account for a large amount of sales to the journeyman market, and this large segment currently lacks an EV powered alternative.

     

    Infographics : New Zealand Electric Commercial Vehicle Market, New Zealand Electric Commercial Vehicle Market Size, New Zealand Electric Commercial Vehicle Market Trends, New Zealand Electric Commercial Vehicle Market Forecast, New Zealand Electric Commercial Vehicle Market Risks, New Zealand Electric Commercial Vehicle Market Report, New Zealand Electric Commercial Vehicle Market Share

    NEW ZEALAND ELECTRIC COMMERCIAL VEHICLE MARKET DEVELOPMENTS AND INNOVATIONS

     

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 NZ passes latest plans to subsidize EV purchases within the market This will help in better adoption rates towards hybrid vehicles and BEVs as part of Low income and Middle income penetration of the markets. New Zealand This would enhance better Technological Controls
    2 New Zealand to Speed Electric Car Adoption to Cut Emissions The Ardern government publishes first emissions reduction plan New Zealand This would enhance better Technological Controls
    3 New Zealand passes EV legislation To guarantee that it reaches its greenhouse gas reduction targets, New Zealand has established legislation that establishes criteria for electric vehicles (EVs). New Zealand This would enhance better Technological Controls
    4 More zero-emission trucks hitting New Zealand roads The first electric truck experiment begins in Auckland’s Zero Emissions Area (ZEA) at the same time that a major manufacturer announces the arrival of its first hydrogen fuel cell-powered truck. New Zealand This would enhance better Technological Controls

     

    COMPETITIVE LANDSCAPE

     

    The electric vehicle (EV) market in New Zealand may be poised for exponential growth as a result of the government’s emissions reduction goals. Because pickup trucks are expected to dominate the sector, EV pickup trucks represent a clear opportunity and a reasonably simple market entry with no local compliance legislation.

     

    Local compliance is usually achieved in the country of origin through a self-certification process implemented by the local importer.

     

    Fuso Trucks is a leading mobiliser of the various explorer oriented electric vehicle manufacturer requirements in the market. The FUSO within Auckland, New Zealand’s largest city, the eCanter will be utilised for delivery and customer service.

     

    The locally CO2-neutral eCanter has been added to the Genesis fleet in order to help the company achieve its goal of lowering greenhouse gas emissions. The Advanced Emergency Braking System, Lane Departure Warning System, and Electronic Stability Program are all included in the vehicle’s safety.

     

    Hyundai Trucks and Bus is a leading mobiliser of the various explorer oriented electric vehicle manufacturer requirements in the market. HMC’s zero-emission buses seems to be the result of its designers’ never-ending quest for commercial trucks that are practical, reliable, and unique.

     

    This breakthrough, which is in line with the era of smart globalisation, embodies the exquisite mix of CV engineers’ experience and expertise. With its modern design that is equivalent to that of advanced countries, the new model, Elec City, has re-established the character of modern mass transit. It also hints to Hyundai’s future plans and mind-set.

     

    COMPANIES PROFILED

     

    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, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    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, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

     

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