Thursday, 02 December 2021 11:49 GMT

Global Electric Commercial Vehicle Start-up Profiles and Growth Opportunities


(MENAFN- GlobeNewsWire - Nasdaq) New York, Nov. 26, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report 'Global Electric Commercial Vehicle Start-up Profiles and Growth Opportunities' -
Major European cities are forecast to ban diesel vehicle entry by 2030 to 2035.
Many large companies with private fleets have internal mandates to reduce carbon emissions to make their companies carbon neutral in the next 10 to 20 years. Amazon, Walmart, UPS, DHL, FedEx, and IKEA are some international conglomerates leading the way. The analyst projects the emergence of new opportunities and more demand for greener powertrain alternatives in the 2020s. The most prominent opportunities will be in battery electric technology to expedite the adoption of cleaner and more sustainable last-mile mobility. Battery prices have fallen steeply over the last decade and are expected to decline even further in the next five to 10 years. Prices of motors, power electronics, inverters, and other electrical components have also decreased considerably. Recently, numerous new participants have entered the EV space, attracted by the vast potential in volume and conducive business cases for early electrification adoption.Many new companies are start-ups building commercial EVs from scratch. Hence, they introduce new and dedicated platforms for electrification that make the vehicle highly efficient. Some of the top start-ups in this space are Arrival, Tesla, Rivian, Lion Electric, Hyzon Motors, Volta Trucks, Electric Last Mile Solutions (ELMS), and Nikola Motors. These companies are anticipated to play a significant role in transforming the commercial vehicle (CV) industry toward an electric ecosystem.Frost & Sullivan profiles these start-ups in this study, offering industry stakeholders insights into their manufacturing facilities, value chain, vehicle model launch timeline, product applications and specifications, strategic positioning, and future potential. We also present growth opportunities that market players can explore to enter the market or expand their industry footprint.
Read the full report:
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
__________________________




MENAFN26112021004107003653ID1103255561


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.