Product Code: ETC173840 | Publication Date: Jan 2022 | Updated Date: Jun 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
USA Electric Commercial Vehicle market currently, in 2023, has witnessed an HHI of 3918, Which has increased slightly as compared to the HHI of 2770 in 2017. The market is moving towards 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 States electric commercial vehicle market is experiencing rapid growth driven by increasing awareness of environmental sustainability and government incentives promoting the adoption of electric vehicles. The market encompasses a wide range of vehicles including electric trucks, vans, buses, and delivery vehicles, with key players such as Tesla, Rivian, and Proterra leading the way in innovation and technology. Factors such as lower operating costs, reduced emissions, and advancements in battery technology are driving the shift towards electric commercial vehicles. Government initiatives aimed at reducing greenhouse gas emissions and promoting clean transportation are further propelling market growth. As infrastructure for charging stations continues to expand across the country, the electric commercial vehicle market in the US is poised for continued expansion and significant market share gains in the coming years.
The US Electric Commercial Vehicle Market is experiencing significant growth driven by increasing environmental awareness and government incentives promoting electric vehicle adoption. Key trends include a surge in the development and deployment of electric delivery trucks and vans by major players such as UPS and Amazon, as well as the expansion of electric school buses and transit buses in urban areas. The demand for electric commercial vehicles is also being propelled by cost savings on fuel and maintenance, as well as advancements in battery technology leading to longer driving ranges. Moreover, partnerships between automakers and technology companies to enhance charging infrastructure and vehicle connectivity are expected to further accelerate the adoption of electric commercial vehicles in the US market.
In the US Electric Commercial Vehicle Market, several challenges are being faced. One major challenge is the high upfront costs associated with electric commercial vehicles compared to traditional diesel vehicles, which can deter fleet operators from making the switch. Infrastructure limitations, such as insufficient charging stations and the need for significant investment in charging infrastructure, also pose a challenge for widespread adoption of electric commercial vehicles. Additionally, range anxiety continues to be a concern for fleet operators, as the limited range of electric vehicles may not always meet the operational needs of businesses requiring long-distance travel. Regulatory uncertainties and the lack of standardized industry regulations further complicate the market landscape, impacting the decision-making process for fleet managers considering transitioning to electric vehicles.
The United States Electric Commercial Vehicle Market offers significant investment opportunities driven by increasing demand for sustainable transportation solutions. With growing awareness of environmental issues and stringent regulations on emissions, businesses are increasingly turning to electric commercial vehicles to reduce their carbon footprint. This market segment includes electric trucks, vans, buses, and other commercial vehicles, presenting opportunities for investors in electric vehicle manufacturers, charging infrastructure providers, battery technology companies, and related supply chain industries. The US government`s focus on promoting clean energy initiatives and incentives for electric vehicle adoption further enhances the investment potential in this sector. Investing in the US Electric Commercial Vehicle Market allows investors to capitalize on the shift towards electrification in the transportation industry and contribute to the development of a greener future.
The US government has implemented various policies to promote the adoption and growth of electric commercial vehicles. These policies include federal tax credits for electric vehicle purchases, grants for research and development of electric vehicle technology, and funding for charging infrastructure. Additionally, there are regulations in place that mandate certain percentages of vehicle fleets to be electric in the coming years, as well as emissions standards that incentivize the use of electric vehicles. The government aims to reduce greenhouse gas emissions, improve air quality, and decrease dependence on fossil fuels through these policies, ultimately driving the expansion of the electric commercial vehicle market in the US.
The United States Electric Commercial Vehicle Market is poised for significant growth in the coming years driven by factors such as increasing environmental regulations, government incentives, and the growing adoption of electric vehicles to reduce operating costs and carbon emissions. With advancements in battery technology and infrastructure development, electric commercial vehicles are becoming more viable options for fleet operators across various industries. The market is expected to witness a surge in demand for electric trucks, vans, and buses as businesses prioritize sustainability and seek to lower their carbon footprint. As a result, key players in the industry are focused on expanding their electric vehicle offerings and developing innovative solutions to meet the evolving needs of the commercial transportation sector.
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 States (US) Electric Commercial Vehicle Market Overview |
3.1 United States (US) Country Macro Economic Indicators |
3.2 United States (US) Electric Commercial Vehicle Market Revenues & Volume, 2021 & 2031F |
3.3 United States (US) Electric Commercial Vehicle Market - Industry Life Cycle |
3.4 United States (US) Electric Commercial Vehicle Market - Porter's Five Forces |
3.5 United States (US) Electric Commercial Vehicle Market Revenues & Volume Share, By Propulsion Type, 2021 & 2031F |
3.6 United States (US) Electric Commercial Vehicle Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.7 United States (US) Electric Commercial Vehicle Market Revenues & Volume Share, By Battery Type, 2021 & 2031F |
3.8 United States (US) Electric Commercial Vehicle Market Revenues & Volume Share, By Battery Capacity, 2021 & 2031F |
3.9 United States (US) Electric Commercial Vehicle Market Revenues & Volume Share, By Power Output, 2021 & 2031F |
3.10 United States (US) Electric Commercial Vehicle Market Revenues & Volume Share, By End-user, 2021 & 2031F |
3.11 United States (US) Electric Commercial Vehicle Market Revenues & Volume Share, By Component, 2021 & 2031F |
4 United States (US) Electric Commercial Vehicle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United States (US) Electric Commercial Vehicle Market Trends |
6 United States (US) Electric Commercial Vehicle Market, By Types |
6.1 United States (US) Electric Commercial Vehicle Market, By Propulsion Type |
6.1.1 Overview and Analysis |
6.1.2 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Propulsion Type, 2018 - 2031F |
6.1.3 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By BEV, 2018 - 2031F |
6.1.4 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By PHEV, 2018 - 2031F |
6.1.5 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By FCEV, 2018 - 2031F |
6.2 United States (US) Electric Commercial Vehicle Market, By Vehicle Type |
6.2.1 Overview and Analysis |
6.2.2 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Electric Bus, 2018 - 2031F |
6.2.3 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Electric Truck, 2018 - 2031F |
6.2.4 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Electric Pick-up Truck, 2018 - 2031F |
6.2.5 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Electric Van, 2018 - 2031F |
6.3 United States (US) Electric Commercial Vehicle Market, By Battery Type |
6.3.1 Overview and Analysis |
6.3.2 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Lithium-iron-phosphate (LFP), 2018 - 2031F |
6.3.3 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Lithium-nickel-manganese-cobalt oxide (NMC), 2018 - 2031F |
6.3.4 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Others, 2018 - 2031F |
6.4 United States (US) Electric Commercial Vehicle Market, By Battery Capacity |
6.4.1 Overview and Analysis |
6.4.2 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By less than 50 kWh, 2018 - 2031F |
6.4.3 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By 50â??250 kWh, 2018 - 2031F |
6.4.4 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By above 250 kWh, 2018 - 2031F |
6.5 United States (US) Electric Commercial Vehicle Market, By Power Output |
6.5.1 Overview and Analysis |
6.5.2 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By less than 100 KW,, 2018 - 2031F |
6.5.3 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By 100â??250 KW, 2018 - 2031F |
6.5.4 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Above 250 KW, 2018 - 2031F |
6.6 United States (US) Electric Commercial Vehicle Market, By End-user |
6.6.1 Overview and Analysis |
6.6.2 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Last Mile Delivery, 2018 - 2031F |
6.6.3 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Distribution Service, 2018 - 2031F |
6.6.4 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Field Service, 2018 - 2031F |
6.6.5 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Refuse Service, 2018 - 2031F |
6.6.6 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Long Haul Transportation, 2018 - 2031F |
6.7 United States (US) Electric Commercial Vehicle Market, By Component |
6.7.1 Overview and Analysis |
6.7.2 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Electric Motor, 2018 - 2031F |
6.7.3 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By EV Battery, 2018 - 2031F |
6.7.4 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By , 2018 - 2031F |
6.8 United States (US) Electric Commercial Vehicle Market, By Autonomous Vehicles |
6.8.1 Overview and Analysis |
6.8.2 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Electric Autonomous Truck, 2018 - 2031F |
6.8.3 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Electric Autonomous Bus, 2018 - 2031F |
7 United States (US) Electric Commercial Vehicle Market Import-Export Trade Statistics |
7.1 United States (US) Electric Commercial Vehicle Market Export to Major Countries |
7.2 United States (US) Electric Commercial Vehicle Market Imports from Major Countries |
8 United States (US) Electric Commercial Vehicle Market Key Performance Indicators |
9 United States (US) Electric Commercial Vehicle Market - Opportunity Assessment |
9.1 United States (US) Electric Commercial Vehicle Market Opportunity Assessment, By Propulsion Type, 2021 & 2031F |
9.2 United States (US) Electric Commercial Vehicle Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.3 United States (US) Electric Commercial Vehicle Market Opportunity Assessment, By Battery Type, 2021 & 2031F |
9.4 United States (US) Electric Commercial Vehicle Market Opportunity Assessment, By Battery Capacity, 2021 & 2031F |
9.5 United States (US) Electric Commercial Vehicle Market Opportunity Assessment, By Power Output, 2021 & 2031F |
9.6 United States (US) Electric Commercial Vehicle Market Opportunity Assessment, By End-user, 2021 & 2031F |
9.7 United States (US) Electric Commercial Vehicle Market Opportunity Assessment, By Component, 2021 & 2031F |
9.7 United States (US) Electric Commercial Vehicle Market Opportunity Assessment, By Autonomous Vehicles, 2021 & 2031F |
10 United States (US) Electric Commercial Vehicle Market - Competitive Landscape |
10.1 United States (US) Electric Commercial Vehicle Market Revenue Share, By Companies, 2021 |
10.2 United States (US) Electric Commercial Vehicle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |