DUBLIN--(BUSINESS WIRE)--The "Global Commercial Vehicle Electrification Potential and Trends, Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

This study provides an overview of the key trends in medium commercial vehicle ranging between 6.1 tonnes and 16 tonnes, and heavy commercial vehicle ranging above 16 tonnes segments of global electric truck market from 2016 to 2025. The various factors attracting adoption of electric trucks and the top challenges are studied in brief.

GHG emission regulations are ever strengthening in North America, Europe, and China. Climate change concerns among the public is especially propelling the automotive industry to reduce carbon footprint. Countries are looking for options to improve air quality in their communities and to contribute to mitigation of global climate change through electrification.

The study reveals that the Chinese truck market will dominate the electric truck market with aggressive plan of subsidy rollout coupled with deployment of charging infrastructure systems in large scale. China is leading the electrification and contributes to 50% of the global electric truck sales in today's scenario, and the trend is expected to remain the same by 2025.

North America, mainly Canada and the US, is expected to be the second largest market for electric trucks, having new disruptors emerging from the market. The incentive policies and stringent emission regulations in Europe, North America, and China will motivate the buyers, and the growing consumer demand for electric trucks will be satisfied by the product line-ups planned by OEMs.

New entrants like Tesla and Nikola are expected to disrupt the North American market, while Chinese manufacturers are eyeing on export markets to uphold the market dominance in terms of electric truck sales volume. The electric powertrain adoption is poised to accelerate post 2020 due to the fall in battery prices.

This study provides a summary on the available drivetrain technologies in the industry and future adoptions. By 2025, the penetration of electrification is expected to be 28.5% in medium-duty trucks and 6.5% in heavy-duty trucks in China. In North America, the penetration of electric powertrain is expected to be 8.3% and 12.3% in medium- and heavy-duty trucks, respectively.

Key Topics Covered:

1. Executive Summary

2. Research Scope And Segmentation

3. Market Environment And Dynamics

4. Use Case Analysis

5. Electrification Technology Overview

6. Global Market Outlook-Md & Hd Electric Trucks

7. Chinese Md & Hd Electric Truck Market Overview

8. North American Md & Hd Electric Truck Market Overview

9. European Md & Hd Electric Truck Market Overview

10. Growth Opportunities And Companies To Action

11. Key Conclusions And Future Outlook

12. Appendix

Companies Mentioned

  • Daimler
  • Nikola
  • Orange EV
  • Scania
  • Tesla
  • Volvo

For more information about this report visit https://www.researchandmarkets.com/research/rfl6gs/global_commercial?w=4

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Related Topics: Commercial Vehicles, Electric and Hybrid Vehicles