Product Code: ETC173848 | Publication Date: Jan 2022 | Updated Date: Jun 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
United Kingdom (UK) Electric Commercial Vehicle market currently, in 2023, has witnessed an HHI of 8605, Which has decreased moderately as compared to the HHI of 10000 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The United Kingdom Electric Commercial Vehicle Market is experiencing significant growth driven by a combination of environmental regulations, government incentives, and the increasing focus on sustainability. The market is witnessing a shift towards electrification in response to the need for reducing emissions and operating costs. Major players in the industry are introducing a wide range of electric commercial vehicles such as vans, trucks, and buses to cater to diverse customer needs. The infrastructure for electric vehicle charging is also rapidly expanding across the UK, further supporting the adoption of electric commercial vehicles. With advancements in battery technology and an increasing emphasis on clean transportation solutions, the UK Electric Commercial Vehicle Market is poised for continued expansion in the coming years.
The United Kingdom`s Electric Commercial Vehicle Market is experiencing a notable uptrend driven by a combination of government incentives, environmental regulations, and growing awareness of sustainability. Key trends include a surge in electric van sales, with companies increasingly transitioning their fleets to electric vehicles to lower emissions and operational costs. Additionally, advancements in battery technology are extending the range and improving the performance of electric commercial vehicles, making them more appealing to businesses. The expansion of charging infrastructure across the UK is also a significant trend, addressing concerns about range anxiety and supporting the widespread adoption of electric commercial vehicles. Overall, the market is poised for continued growth as more businesses prioritize sustainability and seek to meet stringent emissions targets.
In the UK Electric Commercial Vehicle Market, challenges include the high initial cost of electric vehicles compared to traditional diesel vehicles, limited charging infrastructure especially for heavy-duty commercial vehicles, concerns over range anxiety and charging times, as well as the need for government incentives and policies to support the adoption of electric vehicles in the commercial sector. Additionally, there are challenges related to the weight and size limitations of batteries for larger commercial vehicles, as well as the overall transition of fleets to electric vehicles while ensuring operational efficiency and cost-effectiveness. Overcoming these challenges will require significant investment in charging infrastructure, advancements in battery technology, supportive government policies, and collaboration between stakeholders to drive the widespread adoption of electric commercial vehicles in the UK.
The United Kingdom`s Electric Commercial Vehicle Market presents a promising investment opportunity due to the growing demand for sustainable transportation solutions. The UK government has set ambitious targets to reduce emissions, leading to incentives for the adoption of electric vehicles in the commercial sector. Investment opportunities exist in companies involved in electric vehicle manufacturing, charging infrastructure development, battery technology innovation, and fleet management solutions tailored for electric vehicles. Additionally, partnerships with logistics companies and government initiatives supporting the electrification of commercial fleets offer avenues for growth and collaboration in this burgeoning market segment. Investing in the UK Electric Commercial Vehicle Market aligns with the global trend towards decarbonization and presents long-term potential for investors seeking exposure to the sustainable transportation industry.
The UK government has implemented several policies to support the growth of the Electric Commercial Vehicle Market. These include financial incentives such as grants for purchasing electric vehicles and installing charging infrastructure, as well as exemptions from certain taxes and congestion charges. In addition, the government has set ambitious targets to phase out the sale of new petrol and diesel vehicles by 2030, which is expected to drive the adoption of electric commercial vehicles. Furthermore, there are ongoing initiatives to expand public charging infrastructure and promote research and development in the electric vehicle sector. Overall, these policies demonstrate the UK government`s commitment to accelerating the transition to electric commercial vehicles in order to reduce emissions and promote sustainable transportation.
The United Kingdom`s Electric Commercial Vehicle Market is poised for significant growth in the coming years as the country aims to achieve its ambitious environmental targets and reduce carbon emissions. Government incentives and regulations promoting the adoption of electric vehicles, along with advances in battery technology and charging infrastructure, are driving the market`s expansion. The increasing focus on sustainability and green transportation solutions among businesses and fleet operators is also expected to fuel demand for electric commercial vehicles. With a growing number of manufacturers introducing a diverse range of electric options, the UK electric commercial vehicle market is projected to witness steady growth and innovation, offering opportunities for both businesses and consumers looking to transition towards cleaner and more sustainable transportation solutions.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 United Kingdom (UK) Electric Commercial Vehicle Market Overview |
3.1 United Kingdom (UK) Country Macro Economic Indicators |
3.2 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, 2021 & 2031F |
3.3 United Kingdom (UK) Electric Commercial Vehicle Market - Industry Life Cycle |
3.4 United Kingdom (UK) Electric Commercial Vehicle Market - Porter's Five Forces |
3.5 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume Share, By Propulsion Type, 2021 & 2031F |
3.6 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.7 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume Share, By Battery Type, 2021 & 2031F |
3.8 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume Share, By Battery Capacity, 2021 & 2031F |
3.9 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume Share, By Power Output, 2021 & 2031F |
3.10 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume Share, By End-user, 2021 & 2031F |
3.11 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume Share, By Component, 2021 & 2031F |
4 United Kingdom (UK) Electric Commercial Vehicle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Kingdom (UK) Electric Commercial Vehicle Market Trends |
6 United Kingdom (UK) Electric Commercial Vehicle Market, By Types |
6.1 United Kingdom (UK) Electric Commercial Vehicle Market, By Propulsion Type |
6.1.1 Overview and Analysis |
6.1.2 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By Propulsion Type, 2021 - 2031F |
6.1.3 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By BEV, 2021 - 2031F |
6.1.4 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By PHEV, 2021 - 2031F |
6.1.5 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By FCEV, 2021 - 2031F |
6.2 United Kingdom (UK) Electric Commercial Vehicle Market, By Vehicle Type |
6.2.1 Overview and Analysis |
6.2.2 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By Electric Bus, 2021 - 2031F |
6.2.3 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By Electric Truck, 2021 - 2031F |
6.2.4 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By Electric Pick-up Truck, 2021 - 2031F |
6.2.5 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By Electric Van, 2021 - 2031F |
6.3 United Kingdom (UK) Electric Commercial Vehicle Market, By Battery Type |
6.3.1 Overview and Analysis |
6.3.2 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By Lithium-iron-phosphate (LFP), 2021 - 2031F |
6.3.3 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By Lithium-nickel-manganese-cobalt oxide (NMC), 2021 - 2031F |
6.3.4 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By Others, 2021 - 2031F |
6.4 United Kingdom (UK) Electric Commercial Vehicle Market, By Battery Capacity |
6.4.1 Overview and Analysis |
6.4.2 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By less than 50 kWh, 2021 - 2031F |
6.4.3 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By 50â??250 kWh, 2021 - 2031F |
6.4.4 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By above 250 kWh, 2021 - 2031F |
6.5 United Kingdom (UK) Electric Commercial Vehicle Market, By Power Output |
6.5.1 Overview and Analysis |
6.5.2 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By less than 100 KW,, 2021 - 2031F |
6.5.3 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By 100â??250 KW, 2021 - 2031F |
6.5.4 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By Above 250 KW, 2021 - 2031F |
6.6 United Kingdom (UK) Electric Commercial Vehicle Market, By End-user |
6.6.1 Overview and Analysis |
6.6.2 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By Last Mile Delivery, 2021 - 2031F |
6.6.3 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By Distribution Service, 2021 - 2031F |
6.6.4 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By Field Service, 2021 - 2031F |
6.6.5 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By Refuse Service, 2021 - 2031F |
6.6.6 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By Long Haul Transportation, 2021 - 2031F |
6.7 United Kingdom (UK) Electric Commercial Vehicle Market, By Component |
6.7.1 Overview and Analysis |
6.7.2 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By Electric Motor, 2021 - 2031F |
6.7.3 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By EV Battery, 2021 - 2031F |
6.7.4 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By , 2021 - 2031F |
6.8 United Kingdom (UK) Electric Commercial Vehicle Market, By Autonomous Vehicles |
6.8.1 Overview and Analysis |
6.8.2 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By Electric Autonomous Truck, 2021 - 2031F |
6.8.3 United Kingdom (UK) Electric Commercial Vehicle Market Revenues & Volume, By Electric Autonomous Bus, 2021 - 2031F |
7 United Kingdom (UK) Electric Commercial Vehicle Market Import-Export Trade Statistics |
7.1 United Kingdom (UK) Electric Commercial Vehicle Market Export to Major Countries |
7.2 United Kingdom (UK) Electric Commercial Vehicle Market Imports from Major Countries |
8 United Kingdom (UK) Electric Commercial Vehicle Market Key Performance Indicators |
9 United Kingdom (UK) Electric Commercial Vehicle Market - Opportunity Assessment |
9.1 United Kingdom (UK) Electric Commercial Vehicle Market Opportunity Assessment, By Propulsion Type, 2021 & 2031F |
9.2 United Kingdom (UK) Electric Commercial Vehicle Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.3 United Kingdom (UK) Electric Commercial Vehicle Market Opportunity Assessment, By Battery Type, 2021 & 2031F |
9.4 United Kingdom (UK) Electric Commercial Vehicle Market Opportunity Assessment, By Battery Capacity, 2021 & 2031F |
9.5 United Kingdom (UK) Electric Commercial Vehicle Market Opportunity Assessment, By Power Output, 2021 & 2031F |
9.6 United Kingdom (UK) Electric Commercial Vehicle Market Opportunity Assessment, By End-user, 2021 & 2031F |
9.7 United Kingdom (UK) Electric Commercial Vehicle Market Opportunity Assessment, By Component, 2021 & 2031F |
9.7 United Kingdom (UK) Electric Commercial Vehicle Market Opportunity Assessment, By Autonomous Vehicles, 2021 & 2031F |
10 United Kingdom (UK) Electric Commercial Vehicle Market - Competitive Landscape |
10.1 United Kingdom (UK) Electric Commercial Vehicle Market Revenue Share, By Companies, 2024 |
10.2 United Kingdom (UK) Electric Commercial Vehicle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |