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 significant growth driven by factors such as increasing awareness of environmental sustainability, government incentives, and advancements in battery technology. The market includes electric vans, trucks, buses, and other commercial vehicles, with a focus on reducing emissions and operating costs for businesses. Major players in the market are investing in research and development to improve battery efficiency and vehicle range, while also expanding charging infrastructure to support the growing fleet of electric commercial vehicles. With a push towards electrification in the transportation sector, the US Electric Commercial Vehicle Market is expected to continue its upward trajectory, offering opportunities for manufacturers, fleet operators, and investors in the sustainable transportation industry.
The US Electric Commercial Vehicle Market is experiencing a surge in growth driven by increasing environmental regulations, government incentives, and the rising demand for sustainable transportation solutions. Major trends include the expansion of electric vehicle (EV) charging infrastructure, advancements in battery technology leading to longer ranges and faster charging times, and the introduction of innovative electric truck models by key players like Tesla, Rivian, and Ford. Fleet operators are increasingly embracing electric commercial vehicles to reduce operating costs, lower emissions, and enhance their corporate sustainability profiles. Additionally, partnerships between automakers, tech companies, and energy providers are driving collaboration and investment in electric vehicle technologies to meet the growing demand for cleaner transportation options in the commercial sector.
In the US Electric Commercial Vehicle Market, several challenges persist. One major obstacle is the high upfront cost of electric vehicles compared to traditional diesel or gasoline vehicles, which can deter fleet operators from making the switch. Additionally, there is a lack of adequate charging infrastructure, particularly for heavy-duty electric vehicles, limiting the practicality and range of these vehicles for long-haul operations. Concerns about battery range, charging times, and overall vehicle performance also contribute to the hesitancy among businesses to fully embrace electric commercial vehicles. Regulatory uncertainties and varying incentives across states further complicate adoption efforts. Overcoming these challenges will require continued investment in charging infrastructure, advancements in battery technology, and consistent regulatory support to drive the widespread adoption of electric commercial vehicles in the US market.
The US Electric Commercial Vehicle Market presents promising investment opportunities driven by increasing demand for eco-friendly transportation solutions. Electric commercial vehicles offer lower operating costs, reduced emissions, and government incentives, making them attractive for fleet operators and logistics companies looking to achieve sustainability goals and comply with regulations. Investors can consider opportunities in electric truck manufacturers, battery technology providers, charging infrastructure companies, and fleet management software developers. With the growing focus on electrification and the push for cleaner transportation, the US Electric Commercial Vehicle Market is poised for significant growth, making it an appealing sector for investors seeking to capitalize on the shift towards sustainable transportation solutions.
The US government has implemented various policies to promote the adoption of electric commercial vehicles (ECVs). This includes financial incentives such as tax credits for purchasing ECVs, grants for installing charging infrastructure, and funding for research and development in the electric vehicle sector. Additionally, the government has set emission standards and fuel efficiency targets to encourage the transition to cleaner transportation options. Various states have also introduced regulations such as zero-emission vehicle mandates and fleet electrification requirements to further support the growth of the ECV market. Overall, these policies aim to reduce greenhouse gas emissions, improve air quality, and enhance energy security by accelerating the deployment of electric commercial vehicles in the US market.
The future outlook for the US Electric Commercial Vehicle Market appears promising with continued growth expected due to several key factors. As environmental regulations become stricter, businesses are increasingly turning to electric vehicles to reduce their carbon footprint and operating costs. The advancements in battery technology are also making electric commercial vehicles more viable with improved range and charging infrastructure. Additionally, government initiatives and incentives to promote the adoption of electric vehicles are further driving the market growth. As a result, we can anticipate a surge in electric commercial vehicle sales in the US in the coming years, with both established manufacturers and new entrants competing to capture a larger share of this expanding market.
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, 2021-2031F |
6.1.3 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By BEV, 2021-2031F |
6.1.4 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By PHEV, 2021-2031F |
6.1.5 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By FCEV, 2021-2031F |
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, 2021-2031F |
6.2.3 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Electric Truck, 2021-2031F |
6.2.4 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Electric Pick-up Truck, 2021-2031F |
6.2.5 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Electric Van, 2021-2031F |
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), 2021-2031F |
6.3.3 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Lithium-nickel-manganese-cobalt oxide (NMC), 2021-2031F |
6.3.4 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Others, 2021-2031F |
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, 2021-2031F |
6.4.3 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By 50??250 kWh, 2021-2031F |
6.4.4 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By above 250 kWh, 2021-2031F |
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,, 2021-2031F |
6.5.3 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By 100??250 KW, 2021-2031F |
6.5.4 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Above 250 KW, 2021-2031F |
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, 2021-2031F |
6.6.3 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Distribution Service, 2021-2031F |
6.6.4 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Field Service, 2021-2031F |
6.6.5 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Refuse Service, 2021-2031F |
6.6.6 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Long Haul Transportation, 2021-2031F |
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, 2021-2031F |
6.7.3 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By EV Battery, 2021-2031F |
6.7.4 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By , 2021-2031F |
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, 2021-2031F |
6.8.3 United States (US) Electric Commercial Vehicle Market Revenues & Volume, By Electric Autonomous Bus, 2021-2031F |
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 |