Global Electric Van Market Size, Trends and Growth opportunity, By Propulsion Type (Battery Electric Vehicles, Hybrid Electric Vehicles, Fuel Cell Electric Vehicles, Plug-in Hybrid Electric Vehicles), By Vehicle Type (Short and Mid-range Electric Vans, Long-range Electric Vans), By Charging Type (Normal Charging, Fast Charging), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Electric Van Market
Global Electric Van Market was valued at USD 15.618 billion in 2021 and is expected to reach USD 31.807 billion by 2027, at a CAGR 10.90% from 2022-2027.
Electric vans are becoming increasingly popular with buyers, and for all good reasons. These EV vans offer a zero-emissions substitute for routine trips such as parcel deliveries, and the benefits are huge for local air pollution, especially in urban areas. Electric vans are cheaper to run than diesel and petrol vans because of the lower cost of electricity per mile. As well as potentially large savings on fuel, vehicle maintenance is usually cheaper and for a pure electric van, there is no vehicle excise duty or road tax to be paid.
Market Drivers
With technological breakthroughs and the mass production of electric vehicle (EV) batteries in massive volumes, the cost of EV batteries has decreased over the last few decades. As EV batteries are one of the most expensive components of the car, this has resulted in a reduction in the cost of electric vehicles.
Furthermore, an electric van is used for multipurpose, that includes side and rear doors and side panels. Electric van is called a motor truck vehicle which receives power from the power grid and is driven by an electric motor. These vans are primarily eco-friendly and emission free which significantly reduces carbon emission. In addition, battery powered electric vans have low noise levels and are well cushioned that makes every drive a smooth one.
Market Restraints
Many electric vehicle charging points are few in many areas across the globe. As a result, the availability of public EV charging stations for electric vehicles decreases, lowering adoption.
Market Segmentation
The Global Electric Van Market is segmented into propulsion type, vehicle type, battery type, charging type, end-use and region.
Based on propulsion type, battery EVs will lead the market over the forecast period and by vehicle type, the electric van market is segmented into long-range electric vans and short & mid-range electric vans.
Regional Analysis
The Global Electric Van Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The Asia Pacific region dominates the global electric van market, owing to a greater rate of EV adoption in the region on account of transportation pollution and rising fuel prices. Rising knowledge of the benefits of EVs, government incentives to encourage EVs, and the availability of EV charging infrastructure across Japan and China have resulted in increased adoption of electric vans, raising the region's market share. The Asia Pacific electric van market is led by Japan, China, and South Korea.
Key Players
Various key players are discussed into the Global Electric Van Market Report including: Tesla Inc, Mercedes-Benz Group AG, BYD Company Ltd, General Motors, Toyota Motor Corporation, Hyundai Motor Company, Honda Motor Company Ltd., Nissan Motor Co. ltd, Volkswagen AG, Stellantis N.V, and others.
Market Taxonomy
By Propulsion Type
• Battery Electric Vehicles
• Hybrid Electric Vehicles
• Fuel Cell Electric Vehicles
• Plug-in Hybrid Electric Vehicles
By Vehicle Type
• Short And Mid-Range Electric Vans
• Long-range Electric Vans
By Charging Type
• Normal Charging
• Fast Charging
By Battery Type
• Lithium-ion battery
• Lead-ion battery
• Lead carbon
By End-Use
• Personal
• Commercial
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Electric Van Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Electric Van Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Electric Van Market, By Propulsion Type
5.1 Y-o-Y Growth Comparison, By Propulsion Type
5.2 Global Electric Van Market Share Analysis, By Propulsion Type
5.3 Global Electric Van Market Size and Forecast, By Propulsion Type
5.3.1 Battery Electric Vehicles
5.3.2 Hybrid Electric Vehicles
5.3.3 Fuel Cell Electric Vehicles
5.3.4 Plug-in Hybrid Electric Vehicles
6 Global Electric Van Market, By Vehicle Type
6.1 Y-o-Y Growth Comparison, By Vehicle Type
6.2 Global Electric Van Market Share Analysis, By Vehicle Type
6.3 Global Electric Van Market Size and Forecast, By Vehicle Type
6.3.1 Short And Mid-Range Electric Vans
6.3.2 Long-range Electric Vans
7 Global Electric Van Market, By Charging Type
7.1 Y-o-Y Growth Comparison, By Charging Type
7.2 Global Electric Van Market Share Analysis, By Charging Type
7.3 Global Electric Van Market Size and Forecast, By Charging Type
7.3.1 Normal Charging
7.3.2 Fast Charging
8 Global Electric Van Market, By Battery Type
8.1 Y-o-Y Growth Comparison, By Battery Type
8.2 Global Electric Van Market Share Analysis, By Battery Type
8.3 Global Electric Van Market Size and Forecast, By Battery Type
8.3.1 Lithium-ion battery
8.3.2 Lead-ion battery
8.3.3 Lead carbon
9 Global Electric Van Market, By End-use
9.1 Y-o-Y Growth Comparison, By End-use
9.2 Global Electric Van Market Share Analysis, By End-use
9.3 Global Electric Van Market Size and Forecast, By End-use
9.3.1 Personal
9.3.2 Commercial
10 Global Electric Van Market, By Region
10.1 Global Electric Van Market Share Analysis, By Region
10.2 Global Electric Van Market Share Analysis, By Region
10.3 Global Electric Van Market Size and Forecast, By Region
11 North America Electric Van Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 North America Electric Van Market Share Analysis, By Propulsion Type
11.3 North America Electric Van Market Size and Forecast, By Vehicle Type
11.4 North America Electric Van Market Size and Forecast, By Charging Type
11.5 North America Electric Van Market Size and Forecast, By Battery Type
11.6 North America Electric Van Market Size and Forecast, By End-Use
11.7 North America Electric Van Market Size and Forecast, By Country
11.7.1 U.S.
11.7.2 Canada
11.7.3 Mexico
12 Europe Electric Van Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Europe Electric Van Market Share Analysis, By Propulsion Type
12.3 Europe Electric Van Market Size and Forecast, By Vehicle Type
12.4 Europe Electric Van Market Size and Forecast, By Charging Type
12.5 Europe Electric Van Market Size and Forecast, By Battery Type
12.5 Europe Electric Van Market Size and Forecast, By End-Use
12.7 Europe Electric Van Market Size and Forecast, By Country
12.7.1 Germany
12.7.2 France
12.7.3 UK
12.7.4 Rest of Europe
13 Asia Pacific Electric Van Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Asia Pacific Electric Van Market Share Analysis, By Propulsion Type
13.3 Asia Pacific Electric Van Market Size and Forecast, By Vehicle Type
13.4 Asia Pacific Electric Van Market Size and Forecast, By Charging Type
13.5 Asia Pacific Electric Van Market Size and Forecast, By Battery Type
13.6 Asia Pacific Electric Van Market Size and Forecast, By End-Use
13.7 Asia Pacific Electric Van Market Size and Forecast, By Country
13.7.1 China
13.7.2 Japan
13.7.3 India
13.7.4 Rest of Asia Pacific
14 Latin America Electric Van Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Latin America Electric Van Market Share Analysis, By Propulsion Type
14.3 Latin America Electric Van Market Size and Forecast, By Vehicle Type
14.4 Latin America Electric Van Market Size and Forecast, By Charging Type
14.5 Latin America Electric Van Market Size and Forecast, By Battery Type
14.6 Latin America Electric Van Market Size and Forecast, By End-Use
14.7 Latin America Electric Van Market Size and Forecast, Country
14.7.1 Brazil
14.7.2 Rest of Latin America
15 Middle East Electric Van Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Middle East Electric Van Market Share Analysis, By Propulsion Type
15.3 Middle East Electric Van Market Size and Forecast, By Vehicle Type
15.4 Middle East Electric Van Market Size and Forecast, By Charging Type
15.5 Middle East Electric Van Market Size and Forecast, By Battery Type
15.6 Middle East Electric Van Market Size and Forecast, By End-Use
15.7 Middle East Electric Van Market Size and Forecast, By Country
15.7.1 Saudi Arabia
15.7.2 UAE
15.7.3 Egypt
15.7.4 Kuwait
15.7.5 South Africa
16 Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17 Company Profiles
17.1 Tesla Inc.
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2 Mercedes-Benz Group AG
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3 BYD Company Ltd
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 General Motors
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
16.4.6 Key Strategies
17.5 Toyota Motor Corporation
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6 Hyundai Motor Company
16.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7 Honda Motor Company Ltd.
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8 Nissan Motor Co. ltd
17.8.1 Overview
17.8.2 Offerings
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9 Volkswagen AG
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10 Stellantis N.V
17.10.1 Overview
17.10.2 Offerings
17.10.3 Key Financials
17.10.4 Business Segment & Geographic Overview
17.10.5 Key Market Developments
17.10.6 Key Strategies
