Electric Light Commercial Vehicle Market worth $116.60 billion by 2032
The electric light commercial vehicle market is projected to reach USD 116.60 billion by 2032 from USD 24.49 billion in 2025 at a CAGR of 25.0% during 2025–2032.
Electric light commercial vehicles (eLCVs) are rapidly becoming the mainstream choice, particularly for last-mile delivery and intra-city logistics, where predictable routes and high urban mileage make electrification cost-effective....
Electric Light Commercial Vehicle Market Size, Share, Industry Trends and Forecast 2030
The global electric light commercial vehicle market size is projected to grow from 333.6 thousand units in 2022 to 3,919.3 thousand units by 2030, at a CAGR of 36.1%.
Factors such as rising demand for zero-emissions commuting and government support for low-emission vehicles through subsidies and tax breaks have resulted in automakers embracing EVs and the expansion of the electric light commercial...