The global electric van market is poised to grow by 151.72 th units during 2020-2024, progressing at a CAGR of 25% during the forecast period says the report of ResearchAndMarkets.com.
This report provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.
The market is driven by development of charging infrastructure for EVs, government subsidies and incentives, and preference for electric vans as economical mode of cargo and passenger transportation.
The study identifies the presence of battery renting options for electric vans as one of the prime reasons driving the electric van market growth during the next few years. Also, availability of electric vans on rent and growing focus on increasing mile range of electric vans will lead to sizable demand in the market.
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric van market vendors that include:
- BYD Co. Ltd.
- Daimler AG
- Ford Motor Co.
- Groupe PSA
- Mahindra & Mahindra Ltd.
- Nissan Motor Co. Ltd.
- Renault SA
- Toyota Motor Corporation
- Volkswagen AG
- Workhorse Group Inc