US Electric Commercial Vehicle Market 2021-2026

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    Commercial vehicles simply refer to vehicles that are used primarily for work purposes. This usually includes big-rig trucks and semi-trucks but can extend to passenger vehicles and more. Commercial vehicles are vehicles that transport goods or passengers for profit. Examples of commercial vehicles include semi-trucks, box trucks, vans, buses, taxicabs, and trailers. Vehicles over a certain weight are also considered commercial vehicles. 


    For the vehicles to be considered as commercial class of vehicle, they need to have a gross combination weight of 26,001 pounds or more (11,794 kilograms), including towed units with a gross vehicle weight of 10,000 pounds or more (4,536 kilograms); Designed to carry 16 passengers or more and Transport hazardous materials.


    infographic: US Electric Commercial Vehicle Market, US Electric Commercial Vehicle Market Size, US Electric Commercial Vehicle Market Trends, US Electric Commercial Vehicle Market Forecast, US Electric Commercial Vehicle Market Risks, US Electric Commercial Vehicle Market Report, US Electric Commercial Vehicle Market Share


    Various eLCV deployment scenarios until 2030 are explored and their impact on carbon dioxide (CO2) and other pollutant emissions as well as pollutant concentrations are calculated. It is found that while in the United States eLCVs are already cost competitive, because of fiscal support, some remaining market barriers need to be overcome to pave the way to mass market deployment of eLCVs. 


    The development of electric commercial vehicles was soon stopped because fossil fuels such as gasoline and diesel were cheaper than electricity and trucks with a conventional drive were more powerful. These EV based Vans have been introduced into the service of USA from the 1960s wherein the range had been of a major anxiety requirement.


    The Class 8 truck market in the US is among the world’s biggest. To know more about it, please read our report



    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Rivian Plans for 2nd Plant production of EV trucks under Commercial Vehicles Rivian Automotive is in the early stages of determining the location for a second manufacturing plant of their electric vehicle trucks USA This would enhance better EV battery Technologies and Truck production
    2 Nissan Mid Class EV Truck implementation into the market Nissan is in the midst of exploring adding a truck smaller than the midsize Frontier pickup which is, at long last, new for 2022 USA This would bring up new options of production for Nissan presence as an EV Mobility solutions for commercial requirements.
    3 Triton EV Truck to deliver Semi Trucks to India Talwar Auto Garages PVT Ltd, one of the largest automotive distributors in South India, has signed a purchase order for 2,000 Triton EV semi-trucks. The trucks are worth USD 300 million (Rs 21,76,96,50,000). The first deliveries are scheduled almost after a year. USA – India Better Mobility and presence across various nations



    The United States is a continuous domain based commercial vehicle  development to have a possible commercial vehicle fleet market all over the nation 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 challenges and opportunities currently faced by commercial vehicle OEMs are significant and often exciting ones. Tighter environmental regulation will compel them to shift their portfolio toward electric vehicles, whether battery electric vehicles (BEVs) or fuel cell electric vehicles (FCEVs). Connected services will help achieve sustainability goals but also address much wider needs. Changes like these will force OEMs to look for new ways to innovate, both internally and externally.


    There has been a continuous collaboration going on between the private and public initiative requirements within the US as part of better mobility solutions placement. BYD, which is one of the largest manufacturers of EV Commercialized Trucks, had delivered its 100th battery-electric truck in the U.S in early 2020, a Class 8 model for Anheuser-Busch’s distribution operations in Oakland, California. It’s a relationship that’s likely to continue as Anheuser-Busch has committed to reducing carbon emissions by 25 percent across its entire value chain by 2025.


    The USA has been housing a good number of Electric Vehicle commercial companies to have better commercial based solutions placed in the country. There have been a number of companies changing the market dynamics by entering the market at a faster rate of testing and completion of required trials to be brought under the policy requirements of the states.




    The US 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.


    There has been an increased levels of cargo and volumetric adherence being followed at various levels of requirements, wherein the EV Commercial Vans comes in L1 and L2 lengths – the small battery means it’ll be quick to charge (which is useful, because there are no fast-charge options) alongside which the driving range has been on a considerable increase due to the increased powertrain light weighting technology.


    The recent technology integrations have been the exterior cameras linked to a digital display inside the cabin, giving the driver a 360-degree view outside the vehicle. Naturally, it will also come integrated with Amazon’s Alexa voice assistant for hands-free navigation help and weather updates. There are also strengthening based requirements being placed to have better protection levels added for main doors of commercial vans as part of cargo securing. These form the heavy held bulkhead technology for the commercial requirements.



    The US market of the commercial vehicles has been in extensive usage of operations as it has been the main source of transportation and extensive logistics in the country at all times. This has brought upon the much-required assistance requirements of provisioning better steps towards lower carbon emissions in the country. The market has been kept in the constant trials of the green policy for better EV companies being integrated into the market requirements of commercial vehicles with possible incentives.


    Sea Isuzu is one of the most prominent EV based commercial vehicle manufacturers in the country. They have been integrating various technologies for better domain operations. The Product of SEA-Drive power-systems are uniquely different with flexible upgradeable architecture, mid-mounted batteries for safety and dynamics, and on-board charging infrastructure offering the largest charging network in the world.


    The most recent model of Sea Isuzu NLR EV has been integrated with SEA-Drive 100a, the SEA Isuzu NLR EV is built on the Isuzu NLR platform with GVM up to 4.5t (Up to 9,900 lbs).  The 100kWh battery pack delivers a class-leading range of up to 275km (170 miles)* and a typical break even period of less than 4 years without grants and subsidies.


    Triton EV has been one of the most leading in the semi class of commercial vehicles in recent days.  It has a state-of-the-art Semi Truck with 300KWh battery & Hydrogen Cell stack which is the first production ready electric vehicle for operational usage.




    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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