Research Articles

The electric truck market in the US is primed for huge growth. Having largely lagged behind China and Europe in electric commercial vehicle deployment, the transition to zero-emission vehicles in this sector now seems set to begin in earnest.

IDTechEx believe it is increasingly self-evident that the future of the industry cannot rely on the deployment of traditional combustion engines.

Despite the difficult current financial climate, there is evidence of growing momentum in the LCV market, transitioning away from conventional diesel fuelled light commercial vehicles (LCVs) toward electric light commercial vehicles (eLCVs).

The COVID-19 pandemic has forced shoppers online, driving huge demand for home delivery. Moreover, growth has the potential to resume beyond the pandemic: in addition to consumer goods, the genie is out the bottle for home grocery delivery, which many consumers, having experienced it for the first time, will want to continue. Light commercial vehicles (LCVs) are the backbone of this growing demand for delivery infrastructure.

The bus market is at a crossroads. The pressing need for cities around the world to improve air quality, alongside commitments by many governments to address climate change, are powering plans to deliver zero on-road emission city bus fleet solutions. Over the next decade these efforts will see major cities increasingly refuse to purchase anything but zero-emission buses, as they deliver on promised zero-emission zones to protect the health of their citizens.

Along with the rest of the automotive sector, the medium and heavy-duty truck market is evolving. Governments around the world, recognising the potentially catastrophic repercussions of unfettered climate change and witnessing the detrimental impact on human health from vehicle exhaust pollutant emissions in urban environments, are taking decisive action, that will, in the coming decades, drive vehicle manufacturers to zero on-road exhaust emission powertrain solutions. Consequently, the days of the fossil fuel powered combustion engine are numbered.

Global Production of Electric Light Commercial Vehicles to Exceed 2.4 Million Units Annually by 2030 Forecasts IDTechEx. The light commercial vehicle market is at the dawn of a revolution; the future is electric.

IDTechEx Technology Analyst Dr David Wyatt has recently published a report update "Electric Truck 2020-2030", focusing on electrification in the medium and heavy-duty truck markets, providing a comprehensive set of market forecasts.

The electric vehicle market is growing rapidly and, as Tesla has demonstrated, the market is not restricted to the established automotive OEMs. Indeed, the automotive landscape is changing as traditional internal combustion engines are being replaced by all-electric systems, in order to meet ever more stringent on-road emission legislation.