The Worldwide Electric Commercial Vehicle Industry is Expected to Grow at a CAGR of 41.1% Between 2020 and 2028
Share this article Share this article ResearchAndMarkets.com's offering. The global electric commercial vehicle market is projected to grow from 129 thousand units in 2020 to reach 2,026 thousand units by 2028, at a CAGR of 41.1%. The advancements in battery pack technologies and electric powertrains are some of the major factors driving the growth of the electric commercial vehicle industry. Many countries are focusing on the electrification of their public transportation fleets. Factors such as a rise in pollution and environmental hazards, stringent government regulations, and stiff compet...
Source: prnewswire.com