Electric Commercial Vehicle Market  Synopsis

Electric Commercial Vehicle Market Size Was Valued at USD  64.84 Billion in 2023 and is Projected to Reach USD  479.60 Billion by 2032, Growing at a CAGR of 24.90% From 2024-2032.

An electric commercial vehicle is an electric vehicle used for business where the main means of propulsion is electricity or there is a dominant use of electricity instead of common internal combustion engines. Such vehicles consist of electric trucks, vans, and buses for moving goods or clients. It also has all the features of electric vehicles namely electric drive trains and battery packs that supply the energy for power. The distinct nature of ECV is that they are seen to be environmentally friendly in that they do not emit as much as traditional vehicles besides not requiring a lot of fossil fuel, not to mention that by using such vehicles, fuel and especially maintenance costs can be cut. Their implementation is on the increase as more organizations embark on emission and greenhouse gases reduction to meet the new environmental standards.

• The market for electric commercial vehicles is progressing and expanding at an incredible rate due to the driving factors of technology, policies, and markets. Its growth is mainly due to growing environmental concern, high standards of emission control, and availability of affordable means of transportation. Types of ECVs include delivery trucks which are electric instead of using the internal combustion engines, commercial buses, vans, and other large, heavy electric commercial vehicles. The market itself is defined by the fast shift of consumers from using fuel-powered vehicles to electrical ones, which is happening due to the development of upgrades and consumer attitudes.
•  The main drivers of the electric commercial vehicle industry have remained to be technological enhancements. With regard to electric vehicles, one of the main problems considered to be crucial is so-called ‘range anxiety’. This issue relates to available battery technology where new high-capacity, long-range batteries have been developed. Also, advancements in electric drives, energy regeneration systems, as well as increase in charging points have also attributed to the growing use of electric commercial vehicles. Governments around the world are also contributing in their ways by put in place and supporting policies and rebates for elektrische autos. For instance, many nations have realized the need to reduce their greenhouse gas emissions by specific amounts and thus give incentives such as subsidies and tax exemptions to electric vehicles. Such regulatory support in addition to increasing cost of fuel and other operating expense that are now linked with electric vehicles is helping more and more business organizations to shift to the use of electric fleets.
•  They are also seeing a lot of different companies coming into the market, not only just the automotive companies, but new startup ones that are focused on the electric drivetrain and battery. Major car manufacturers like Tesla, Daimler, Volvo ,etc. Having extended their electric vehicles lineup, whereas new entrants Rivian, Nikola, etc. Bringing new ideas of designing and manufacturing electric vehicles. Every organization is keen on entering into strategic partnerships, mergers, and or acquisitions to improve on their technological experience and penetration into the market. Furthermore, the continuous innovation in self-driving features is estimated to pull up the demand for electrical commercial vehicles due to improvement in productivity and the elimination of employees. 
•  But this market of electric commercial vehicles is not without its issues. Some of the factors that have to be sorted for growth to be sustainable are high initial expenditures, lack of adequate charge points, and improvements in battery collection and disposal. Nevertheless, the long-term forecast for the market remains favorable, due to the technological progress and the policy of encouraging the shift to electric commercial vehicles. All of these, the experts predict, will lead to the further integration of the market with other trends in transportation or mobility in the future, including smart cities and sustainability trends.

Electric Commercial Vehicle Market Trend Analysis

Growing Adoption of Zero-Emission Vehicles

• The observable trend of transitioning to zero-emission vehicles (ZEVs), especially electric commercial vehicles (EVs), influences the development of the transportation sector since it focuses on solving the existing problem of climate change and environmental protection. Due to the emerging regulatory standards for emissions and attractive incentives being offered by governments globally; the market for electric commercial vehicles is growing rapidly. New developments in the battery along with the extensions of charging networks are making electric vehicles more realistic and attractive to the business world.
• Manufacturers are today incorporating electric trucks, vans, and buses into their environment for emission and cost reduction because in the long-run electric vehicles are cheap to maintain and use than their internal combustion engine counterparts. Also, the transition to use electric commercial vehicles is in tandem with global sustainable developmental goals of green industries and the reduction of greenhouse gases. It is in line with the global shift towards electrification across all industries; thus, underlining the need for zero-emission strategies in the fight against climate change and the efforts to maintain environmental sustainability.

Government Incentives and Support Programs

• The development of incentives and support programmes administered by governments are essential for the advancement of ECV by making available for use of financial and legislation instruments. Most governments provide appealing incentives to both producers and consumers, including subvention, tax credit, and grant to purchase electric commercial vehicles and diminish the initial cost of adopting cleaner technology technologies for fleet owners. It is also not unusual to find other inducements or incentive structures like lower toll charges, allowance to use certain lanes and areas restricted to light traffic, and registration fees among others that complement the cash incentives in boosting the take off of ECVs.
• Governments also spend resources on infrastructures for example introducing more charging stand for electric vehicles is a key issue that hinders the deployment of the electric vehicles. Also, research and development grants and support of pilot projects influence a faster increase in the given technology while decreasing costs. With such complete support programs put in place by the governments, operational goals include fostering growth of the electric commercial vehicle market, as a way of achieving environmental accomplishment such as sustainability and ultimately reduction of green house emission while at the same stimulating economic progress in the green technology industry.

Electric Commercial Vehicle Market Segment Analysis:

Electric Commercial Vehicle Market Segmented based on  Propulsion, Vehicle, Range and  Component.

By  Propulsion, Battery Electric Vehicle segment is expected to dominate the market during the forecast period

• The market of electric commercial vehicles differs and tends to develop due to innovations in a variety of propulsion technologies. Battery Electric Vehicles (BEVs) are the most in the forefront of this move by providing clean and efficient mode of transport than the traditional fossil fuel powered vehicles, their adoption set to increase due to improvements in the battery technology &charging infrastructure. Part-electric hybrid systems which incorporate both internal combustion and electric motors offer more power and less energy consumption thus receive a lot of demand from fleet entrepreneurs who want to drive less emissions while at the same time not having to deal with range anxiety.
• PHEVs take this one step further by permitting external charging and are more suited to organisations with fluctuating daily milages in which they can use more electric only power. Another novel segment would be Fuel Cell Electric Vehicles (FCEVs) that use hydrogen fuel cells to create energy on board, have a fast refueling time and range, but problems with the hydrogen supply system. In summary, the structure is created mainly by these various electric commercial vehicle propulsion technologies contributing to the general process of decreasing carbon emissions and increasing energy efficiency in transportation industry.

By Range , 500 Miles and Above segment held the largest share in 2023

• The market of electric commercial vehicles is very active and characterized by changes at different geographic ranges due to the differences in the requirements for modern transport and infrastructure. The markets within 0-150 miles range have witnessed an increased deployment of electric commercial vehicles mainly in urban applications because of the value that SI and zero-emitting vehicles offer, especially in last-mile delivery and city logistics. For the 151 to 250 miles range, the market experiences a hike due to corporate user demands for medium range transport like distribution and service centers which can get better range and mileage while incurring less cost than conventional vehicles.
• When it comes to the 251-500 miles range, EVs are gradually penetrating long-haul missions in the commercial segment despite the fact that the uptake is somewhat restricted by the requirements of concrete charging infrastructure and relatively prolonged charging intervals. After 500 miles, the market is still relatively small and rapidly growing for pure battery electric vehicles as technologies attempt to break range and achieve affordable costs needed for long-haul operations; Battery technology and fast charging are expected to improve in the future to increase the application of battery electric to long highway operations. Specifically, every range segment has its own strengths and weaknesses concerning the general development of the electric commercial vehicle market which adapts to the various transportation demands.

Electric Commercial Vehicle Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• The electric commercial vehicles market share across the Asia Pacific over the forecast period is expected to experience a boost due to charging infrastructure, increasing environmental concerns and technological innovations. They stated that national and regional governments in Asia Pacific countries are launching higher standards of emissions and providing policies to encourage manufacturers and consumers to purchase electric vehicles thereby boosting the market.
•  Besides, rapid urbanization and increasing concern for environment friendly solutions in the region for transports is driving demand for electric commercial vehicles. Some of the major car makers in the region have began investing in electric cars technology and networks further enhancing the market potential. This has made the networks of charging electric vehicles and development of battery technologies to also increase the viability as well as potential of electric commercial vehicles, thereby putting Asia Pacific as a leading global force.

Active Key Players in the Electric Commercial Vehicle Market

• Daimler AG (Germany)
• Volvo Group (Sweden)
• MAN SE (Germany)
• Scania AB (Sweden)
• PACCAR Inc. (USA)
• Navistar International Corporation (USA)
• Isuzu Motors Ltd. (Japan)
• Hino Motors, Ltd. (Japan)
• Tata Motors Ltd. (India)
• Hyundai Motor Company (South Korea), Others Active Players

Key Industry Developments in the Electric Commercial Vehicle Market

• In June 2023, Volkswagen Commercial Vehicles is expected to conduct autonomous driving testing using the self-driving all-electric Volkswagen ID. The testing program has already been launched in Texas, United States, at Volkswagen Group of America (VWGoA) alongside European centers. The company aims to expand commercially available transport services and the Volkswagen Group's mobility options.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Electric Commercial Vehicle Market by Propulsion
 4.1 Electric Commercial Vehicle Market Snapshot and Growth Engine
 4.2 Electric Commercial Vehicle Market Overview
 4.3 Battery Electric Vehicle
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Battery Electric Vehicle: Geographic Segmentation Analysis
 4.4 Hybrid Electric Vehicle
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Hybrid Electric Vehicle: Geographic Segmentation Analysis
 4.5 Plug-in Hybrid Electric Vehicle
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Plug-in Hybrid Electric Vehicle: Geographic Segmentation Analysis
 4.6 Fuel Cell Electric Vehicle
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Fuel Cell Electric Vehicle: Geographic Segmentation Analysis

Chapter 5: Electric Commercial Vehicle Market by Vehicle
 5.1 Electric Commercial Vehicle Market Snapshot and Growth Engine
 5.2 Electric Commercial Vehicle Market Overview
 5.3 Bus
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Bus: Geographic Segmentation Analysis
 5.4 Trucks
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Trucks: Geographic Segmentation Analysis
 5.5 Pick-up Trucks
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Pick-up Trucks: Geographic Segmentation Analysis
 5.6 Van
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Van: Geographic Segmentation Analysis

Chapter 6: Electric Commercial Vehicle Market by Range
 6.1 Electric Commercial Vehicle Market Snapshot and Growth Engine
 6.2 Electric Commercial Vehicle Market Overview
 6.3 0-150 Miles
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 0-150 Miles: Geographic Segmentation Analysis
 6.4 151-250 Miles
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 151-250 Miles: Geographic Segmentation Analysis
 6.5 251-500 Miles
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 251-500 Miles: Geographic Segmentation Analysis
 6.6 500 Miles & Above
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 500 Miles & Above: Geographic Segmentation Analysis

Chapter 7: Electric Commercial Vehicle Market by Component
 7.1 Electric Commercial Vehicle Market Snapshot and Growth Engine
 7.2 Electric Commercial Vehicle Market Overview
 7.3 Electric Motor
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Electric Motor: Geographic Segmentation Analysis
 7.4 EV Battery
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 EV Battery: Geographic Segmentation Analysis
 7.5 Hydrogen Fuel Cell
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Hydrogen Fuel Cell : Geographic Segmentation Analysis

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Benchmarking
  8.1.2 Electric Commercial Vehicle Market Share by Manufacturer (2023)
  8.1.3 Industry BCG Matrix
  8.1.4 Heat Map Analysis
  8.1.5 Mergers and Acquisitions
  
 8.2 DAIMLER AG (GERMANY)
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Role of the Company in the Market
  8.2.5 Sustainability and Social Responsibility
  8.2.6 Operating Business Segments
  8.2.7 Product Portfolio
  8.2.8 Business Performance
  8.2.9 Key Strategic Moves and Recent Developments
  8.2.10 SWOT Analysis
 8.3 VOLVO GROUP (SWEDEN)
 8.4 MAN SE (GERMANY)
 8.5 SCANIA AB (SWEDEN)
 8.6 PACCAR INC (USA)
 8.7 NAVISTAR INTERNATIONAL CORPORATION (USA)
 8.8 ISUZU MOTORS LTD (JAPAN)
 8.9 HINO MOTORS LTD (JAPAN)
 8.10 TATA MOTORS LTD (INDIA)
 8.11 HYUNDAI MOTOR COMPANY (SOUTH KOREA)
 8.12 OTHERS ACTIVE PLAYERS

Chapter 9: Global Electric Commercial Vehicle Market By Region
 9.1 Overview
 9.2. North America Electric Commercial Vehicle Market
  9.2.1 Key Market Trends, Growth Factors and Opportunities
  9.2.2 Top Key Companies
  9.2.3 Historic and Forecasted Market Size by Segments
  9.2.4 Historic and Forecasted Market Size By Propulsion
   9.2.4.1 Battery Electric Vehicle
   9.2.4.2 Hybrid Electric Vehicle
   9.2.4.3 Plug-in Hybrid Electric Vehicle
   9.2.4.4 Fuel Cell Electric Vehicle
  9.2.5 Historic and Forecasted Market Size By Vehicle
   9.2.5.1 Bus
   9.2.5.2 Trucks
   9.2.5.3 Pick-up Trucks
   9.2.5.4 Van
  9.2.6 Historic and Forecasted Market Size By Range
   9.2.6.1 0-150 Miles
   9.2.6.2 151-250 Miles
   9.2.6.3 251-500 Miles
   9.2.6.4 500 Miles & Above
  9.2.7 Historic and Forecasted Market Size By Component
   9.2.7.1 Electric Motor
   9.2.7.2 EV Battery
   9.2.7.3 Hydrogen Fuel Cell
  9.2.8 Historic and Forecast Market Size by Country
   9.2.8.1 US
   9.2.8.2 Canada
   9.2.8.3 Mexico
 9.3. Eastern Europe Electric Commercial Vehicle Market
  9.3.1 Key Market Trends, Growth Factors and Opportunities
  9.3.2 Top Key Companies
  9.3.3 Historic and Forecasted Market Size by Segments
  9.3.4 Historic and Forecasted Market Size By Propulsion
   9.3.4.1 Battery Electric Vehicle
   9.3.4.2 Hybrid Electric Vehicle
   9.3.4.3 Plug-in Hybrid Electric Vehicle
   9.3.4.4 Fuel Cell Electric Vehicle
  9.3.5 Historic and Forecasted Market Size By Vehicle
   9.3.5.1 Bus
   9.3.5.2 Trucks
   9.3.5.3 Pick-up Trucks
   9.3.5.4 Van
  9.3.6 Historic and Forecasted Market Size By Range
   9.3.6.1 0-150 Miles
   9.3.6.2 151-250 Miles
   9.3.6.3 251-500 Miles
   9.3.6.4 500 Miles & Above
  9.3.7 Historic and Forecasted Market Size By Component
   9.3.7.1 Electric Motor
   9.3.7.2 EV Battery
   9.3.7.3 Hydrogen Fuel Cell
  9.3.8 Historic and Forecast Market Size by Country
   9.3.8.1 Bulgaria
   9.3.8.2 The Czech Republic
   9.3.8.3 Hungary
   9.3.8.4 Poland
   9.3.8.5 Romania
   9.3.8.6 Rest of Eastern Europe
 9.4. Western Europe Electric Commercial Vehicle Market
  9.4.1 Key Market Trends, Growth Factors and Opportunities
  9.4.2 Top Key Companies
  9.4.3 Historic and Forecasted Market Size by Segments
  9.4.4 Historic and Forecasted Market Size By Propulsion
   9.4.4.1 Battery Electric Vehicle
   9.4.4.2 Hybrid Electric Vehicle
   9.4.4.3 Plug-in Hybrid Electric Vehicle
   9.4.4.4 Fuel Cell Electric Vehicle
  9.4.5 Historic and Forecasted Market Size By Vehicle
   9.4.5.1 Bus
   9.4.5.2 Trucks
   9.4.5.3 Pick-up Trucks
   9.4.5.4 Van
  9.4.6 Historic and Forecasted Market Size By Range
   9.4.6.1 0-150 Miles
   9.4.6.2 151-250 Miles
   9.4.6.3 251-500 Miles
   9.4.6.4 500 Miles & Above
  9.4.7 Historic and Forecasted Market Size By Component
   9.4.7.1 Electric Motor
   9.4.7.2 EV Battery
   9.4.7.3 Hydrogen Fuel Cell
  9.4.8 Historic and Forecast Market Size by Country
   9.4.8.1 Germany
   9.4.8.2 UK
   9.4.8.3 France
   9.4.8.4 Netherlands
   9.4.8.5 Italy
   9.4.8.6 Russia
   9.4.8.7 Spain
   9.4.8.8 Rest of Western Europe
 9.5. Asia Pacific Electric Commercial Vehicle Market
  9.5.1 Key Market Trends, Growth Factors and Opportunities
  9.5.2 Top Key Companies
  9.5.3 Historic and Forecasted Market Size by Segments
  9.5.4 Historic and Forecasted Market Size By Propulsion
   9.5.4.1 Battery Electric Vehicle
   9.5.4.2 Hybrid Electric Vehicle
   9.5.4.3 Plug-in Hybrid Electric Vehicle
   9.5.4.4 Fuel Cell Electric Vehicle
  9.5.5 Historic and Forecasted Market Size By Vehicle
   9.5.5.1 Bus
   9.5.5.2 Trucks
   9.5.5.3 Pick-up Trucks
   9.5.5.4 Van
  9.5.6 Historic and Forecasted Market Size By Range
   9.5.6.1 0-150 Miles
   9.5.6.2 151-250 Miles
   9.5.6.3 251-500 Miles
   9.5.6.4 500 Miles & Above
  9.5.7 Historic and Forecasted Market Size By Component
   9.5.7.1 Electric Motor
   9.5.7.2 EV Battery
   9.5.7.3 Hydrogen Fuel Cell
  9.5.8 Historic and Forecast Market Size by Country
   9.5.8.1 China
   9.5.8.2 India
   9.5.8.3 Japan
   9.5.8.4 South Korea
   9.5.8.5 Malaysia
   9.5.8.6 Thailand
   9.5.8.7 Vietnam
   9.5.8.8 The Philippines
   9.5.8.9 Australia
   9.5.8.10 New Zealand
   9.5.8.11 Rest of APAC
 9.6. Middle East & Africa Electric Commercial Vehicle Market
  9.6.1 Key Market Trends, Growth Factors and Opportunities
  9.6.2 Top Key Companies
  9.6.3 Historic and Forecasted Market Size by Segments
  9.6.4 Historic and Forecasted Market Size By Propulsion
   9.6.4.1 Battery Electric Vehicle
   9.6.4.2 Hybrid Electric Vehicle
   9.6.4.3 Plug-in Hybrid Electric Vehicle
   9.6.4.4 Fuel Cell Electric Vehicle
  9.6.5 Historic and Forecasted Market Size By Vehicle
   9.6.5.1 Bus
   9.6.5.2 Trucks
   9.6.5.3 Pick-up Trucks
   9.6.5.4 Van
  9.6.6 Historic and Forecasted Market Size By Range
   9.6.6.1 0-150 Miles
   9.6.6.2 151-250 Miles
   9.6.6.3 251-500 Miles
   9.6.6.4 500 Miles & Above
  9.6.7 Historic and Forecasted Market Size By Component
   9.6.7.1 Electric Motor
   9.6.7.2 EV Battery
   9.6.7.3 Hydrogen Fuel Cell
  9.6.8 Historic and Forecast Market Size by Country
   9.6.8.1 Turkey
   9.6.8.2 Bahrain
   9.6.8.3 Kuwait
   9.6.8.4 Saudi Arabia
   9.6.8.5 Qatar
   9.6.8.6 UAE
   9.6.8.7 Israel
   9.6.8.8 South Africa
 9.7. South America Electric Commercial Vehicle Market
  9.7.1 Key Market Trends, Growth Factors and Opportunities
  9.7.2 Top Key Companies
  9.7.3 Historic and Forecasted Market Size by Segments
  9.7.4 Historic and Forecasted Market Size By Propulsion
   9.7.4.1 Battery Electric Vehicle
   9.7.4.2 Hybrid Electric Vehicle
   9.7.4.3 Plug-in Hybrid Electric Vehicle
   9.7.4.4 Fuel Cell Electric Vehicle
  9.7.5 Historic and Forecasted Market Size By Vehicle
   9.7.5.1 Bus
   9.7.5.2 Trucks
   9.7.5.3 Pick-up Trucks
   9.7.5.4 Van
  9.7.6 Historic and Forecasted Market Size By Range
   9.7.6.1 0-150 Miles
   9.7.6.2 151-250 Miles
   9.7.6.3 251-500 Miles
   9.7.6.4 500 Miles & Above
  9.7.7 Historic and Forecasted Market Size By Component
   9.7.7.1 Electric Motor
   9.7.7.2 EV Battery
   9.7.7.3 Hydrogen Fuel Cell
  9.7.8 Historic and Forecast Market Size by Country
   9.7.8.1 Brazil
   9.7.8.2 Argentina
   9.7.8.3 Rest of SA

Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies

Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research