Commercial Electric Vehicle Market Drivers, Restraints, Competitive Landscape, Growth, and Demand Forecast, 2013–2025
Commercial electric vehicle market is projected to reach $362.7 billion by 2025. The growth of the market is majorly driven by stringent vehicular emission norms all around the globe. Conventional diesel-powered commercial vehicles contribute significantly to greenhouse gas (GHG) emissions. In order to cut down the emissions from these vehicles, the governments in different countries are tightening the emission standard. In addition, the governments are supporting the adoption of commercial vehicles running on alternative fuels by announcing financial incentives schemes for the purchase of these vehicles, benefitting the market during the forecast period. Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/commercial-electric-vehicle-market/report-sample Based on vehicle type, the market has been categorized into electric bus and electric truck. The commercial electric vehicle market for electric buses grew at a faster rate, w...