US Electric Commercial Vehicle Market 2022-2027

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    US ELECTRIC COMMERCIAL VEHICLE MARKET

     

    INTRODUCTION

    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

     

    US ELECTRIC COMMERCIAL VEHICLE MARKET DEVELOPMENTS AND INNOVATIONS

     

    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

     

    S No Overview of Development Development Detailing Possible Future Outcomes
    1 Merchants Fleets plans to expand its purchase of EVs -November 2021 Merchants Fleet, a fastly growing fleet company has informed that they are planning to purchase 18000 Bright drop EVs with 5400 additional EV410s, the mid-sized electric LCV(eLCV). This might decrease vehicle-related emissions in the environment we live in.
    2 IC bus has delivered EV bus to canada-May 2021 IC bus, a leading school bus manufacturer, announced that they have delivered their first electric CE series school buses to Canada.  IC bus produces 3 types of regenerative braking, allowing the bus to collect the kinetic energy produced while braking and use it to power the vehicle.
    3 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 This would enhance better EV battery Technologies and Truck production
    4 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 This would bring up new options of production for Nissan presence as an EV Mobility solutions for commercial requirements.
    5 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. Better Mobility and presence across various nations

     

     

    US ELECTRIC COMMERCIAL VEHICLE MARKET DYNAMICS

    SI no Timeline Company Developments
    1 Q2-2021 Ford In 2022, Ford is going to release the all-new Ford E Transit, an electric work van.
    2 Q2-2021 Ford In September 2021, Ford confirmed that the Ford’s new Rouge EV Center to be opened in Dearborn and the first all-electric Ford F-150 Lightning will be on sale from next year.
    3 Q2-2021 Chevrolet The all-electric Silverado which will be powered by Ultium will be launched on January 5 2022 at the event.
    4 Q2-2021 Ford  The all-electric Ford F-100 Eluminator concept truck with zero tail-pipe emissions has been revealed.
    5 Q2-2021 Navistar Navistar has launched the new fully-electric International eMV series truck for sales.
    6 Q2-2021 Volvo Volvo trucks will showcase VNR Electric for the 25th anniversary of VNL760 which is an original Volvo VN truck in 1996.
    7 Q1-2021 Daimler Daimler Truck North America(DTNA) has announced the all-electric Freightliner eCascadia and Freightliner eM2 are available for sales and order.
    8 Q1-2021 General Motors GM has expanded their lineup with the addition of Hummer EV SUV in 2024 which will mainly concentrate on off-road capability.
    9 Q1-2021 Mack Mack LR Electric, a refuse or garbage truck with a fully integrated Mack drivetrain will be spotlighted.

     

    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

     

    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 mobilization 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.

     

    US ELECTRIC COMMERCIAL VEHICLE MARKET SEGMENTATION

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

     

    US Electric Commercial Vehicle Market By vehicle Type

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

     

     

    US Electric Commercial Vehicle Market 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)

     

     

    US Electric Commercial Vehicle Market By Battery capacity

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

     

    RECENT TECHNOLOGICAL TRENDS IN US ELECTRIC COMMERCIAL VEHICLE MARKET

    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 optimizations.

     

    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.

     

    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

     

    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.

     

    US ELECTRIC COMMERCIAL VEHICLE MARKET COMPETITIVE LANDSCAPE

    SI no Timeline Company  Sales
    1 Q3-2021 General motors The revenue of General Motors in September 2021 is about 26,779 and in 2020 the revenue is about $35,480.
    2 Q3-2021 Ford  The Revenue for the third quarter for Ford was about $35.7 B.
    3 Q2-2021 Ford The vehicle sales of Ford till Oct-2021 is 175,918 and in 2020 the sales is 183,298.
    4 Q2-2021 Volvo Volvo Trucks North America and United Auto Workers(UAW) have tied up their hands for a six-year contract.
    5 Q2-2021 Hyzon Motors  In September 2021, Southern California Gas Co and Hyzon Motors, a hydrogen fuel cell-powered commercial vehicle manufacturer, announced their partnership to support Class 3 commercial service body utility trucks. 
    6 Q2-2021 Siemens In August 2021, The Siemens Corporation plans to expand its EV infrastructure manufacturing operations with its VersiCharge Level 2 AC charger line for commercial and residential use.

     

    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.

     

     

    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

     

    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.

     

    US ELECTRIC COMMERCIAL VEHICLE MARKET COMPANIES PROFILED

     

    THIS US ELECTRIC COMMERCIAL VEHICLE MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. US Electric Commercial Vehicle Market size and Forecast, by region, by application
    2. Average B-2-B price for US Electric Commercial Vehicle Market, by region, per user
    3. Technology trends and related opportunity for new US Electric Commercial Vehicle Market tech suppliers
    4. US Electric Commercial Vehicle Market share of leading vendors, by region,
    5. Coronavirus impact on US Electric Commercial Vehicle Market earnings
    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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