Electric Van Market – Trends Forecast Till 2030

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Electric Van Market Trends, Size, Share, Demands,
Overview, Growth, Revenue and Forecast to 2030
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Electric Van Market, by Range (Up to 100 miles,
100 to 200 miles, above 200 miles), by Battery
Capacity (Up to 50 kWh, above 50 kWh), by
Propulsion (Battery Electric Van, Plug-in Hybrid
Electric Van), by Application (Personal,
Commercial) End user (Last mile delivery, field
services, distribution services, refrigerated
services) and region (North America, Europe,
Asia-Pacific, Middle East and Africa and South
America).

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Market Overview
Electric vans run on electricity and use an
electric motor instead of an internal combustion
engine. Electricity is produced by the batteries
installed in the electric van. The traction
battery  powers the electric motor and the vans
are charged by connecting to a charging station
or wall socket. In addition, an electric van is
often used for commercial purposes such as cargo
transportation, package delivery, last mile
deliveries and more. In addition, electric vans
have several advantages such as environmental
friendliness, lower operating costs, low
maintenance costs and others. The growth of the
global electric van market is fueled by
government initiatives to promote electric
mobility, reduced costs of electric vehicle
batteries and increase demand for emission-free
and efficient electric vans. However, the lack of
charging infrastructure and the limited range of
electric vans are factors restraining the growth
of the market. Further, technological
advancements are expected to provide growth
opportunities during the forecast
period. Purchase this Report
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Key Findings
The Electric Van Market is segmented into various
segments such as Range, battery capacity,
charging type, propulsion, application, end user
and region The propulsion type segment is
further divided into battery electric vehicles,
hybrid electric vehicles, fuel cell electric
vehicles and plug-in hybrid electric vehicles.
The battery electric vehicle segment dominated
the electric van market and is  the fastest
growing segment during the forecast period. Due
to its advantages like zero emission and zero
pollution, the battery electric car is in high
demand and as a result, this market is expected
to develop at the highest CAGR. During the
forecast period, this will be the main driver for
expansion of the battery market globally. Based
on the type of charging, the electric van market
is further divided into standard charging and
fast charging. The plug-in segment dominated the
electric van market and is  the fastest growing
segment during the forecast period. These
chargers are the most  used chargers on the
market. The power varies between 3 kW and 6 kW,
and the vehicle charges in  8 to 12 hours. The
electric car must be fully charged at night.
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Key Findings
The market is also divided into various regions
such as North America, Europe, Asia-Pacific,
South America, and Middle East and Africa. North
America is estimated to account for the largest
market share during the forecast period. Inquire
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Competitive Landscape

• Renault S.A.
• Tesla Inc
• Mercedes-Benz Group AG
• General Motors Company
• Ford Motor Company
• Nissan Motor Co., Ltd.
• Workhorse Group, Inc.
• Stellantis NV
• Toyota Motor Corporation
• Volkswagen AG
• BYD Company Ltd

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Recent Developments
In May 2022, Ford Motor Company launched
E-Transit in Europe with a range of 236
miles.  In October 2021, BYD launched ETP3 Panel
Van with a load capacity of 780 kg and a driving
range of 275 km. It is also equipped with a 44.9
kWh battery, a 35-kW rated electric motor, and a
top speed of 100 km/hour.  In April 2021, Toyota
Motor Corporation launched the Proace Electric
van which offers a battery capacity of 75 kWh and
a range of 175 km.
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Contact Information
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