United States Electric Commercial Vehicle Market By Propulsion Type (BEV, HEV, PHEV and FCEV), By Range (0-150 Miles, 151-250 Miles, 251-500 Miles and 500 Miles & Above), By Component (Electric Motor, EV Battery and Hydrogen Fuel Cell), By Company and By Geography, Forecast & Opportunities, 2026

United States electric commercial vehicle market is projected to grow at a double digit CAGR during the forecast. Since, trucks need heavy hauling power, they have avoided electrification until recently, but now battery manufacturers are working on improving the battery efficiency and one that could pull significant weight and bringing down both size & cost that is boosting the demand for electric commercial vehicles in United States. 

Amidst lockdown due to COVID-19, the country is anticipated to witness low vehicle sales in 2021; however, growing demand for reducing GHGs and government incentives on purchase of electric vehicle are projected to drive the market through 2026. 

Along with big giants, many Chinese brands and small manufacturing companies have launched their commercial vehicles in the local market and many companies are testing their prototypes of electric trucks to launch them in the United States market by 2021. In New York City alone, maximum UPS trucks could be electric soon. A corporation with the New York State Energy Research and Development Authority & Unique Electric Solutions will help convert existing UPS diesel trucks to electric, it is expected that more than 15000 UPS trucks will get converted into electric trucks by 2026. 

The major player operating in United States electric commercial vehicle Market are Daimler, Tesla, Proterra, NISSAN, BYD, Proterra, Honda, Hyundai, LG Chem, ABB etc. Most of the companies are doing good with developing new products along with new advanced technologies to stay strong in the United States Electric Commercial Vehicle market. Many companies are merging with other companies as a part of a strategy for good dealing and to cope with market competition. 

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022–2026

Objective of the Study:

• To analyse and forecast the market size of electric commercial vehicle market, in terms of value and volume.
• To classify and forecast united states electric commercial vehicle market based on propulsion type, range, component, and regional distribution.
• To identify drivers and challenges for united states electric commercial vehicle market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in united states electric commercial vehicle market.
• To conduct the pricing analysis for electric commercial vehicle market.
• To identify and analyse the profile of leading players involved in the manufacturing of united states electric commercial vehicle market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across United States. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across United States.

TechSci Research calculated the market size of United States Electric Commercial Vehicle Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

• Electric Commercial Vehicle Manufacturers
• Automotive OEMs
• Traders, Distributors, and Suppliers
• Raw Material Suppliers
• Industry associations and experts
• Research organizations and consulting companies.
• Research Institutes
• Industry associations
• Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, United States Electric Commercial Vehicle Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• United States Electric Commercial Vehicle Market, By Propulsion Type:
• BEV
• HEV
• PHEV
• FCEV
• United States Electric Commercial Vehicle Market, By Range:
• 0-150 Miles
• 151-250 Miles
• 251-500 Miles
• 500 Miles & Above
• United States Electric Commercial Vehicle Market, By Component:
• Electric Motor
• EV Battery
• Hydrogen Fuel Cell
•  United States Electric Commercial Vehicle Market, by Country:
• United States
• South-Region
• West-Region
• Mid-West Region
• Northeast-Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Electric Commercial Vehicle Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

• Profit margin analysis in case of direct and indirect sales channel.