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Electric Vans Market Share

Report ID: GMI7319
Published Date: Nov 2023
Report Format: PDF

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Electric Vans Market Share

Major companies operating in the electric vans industry are:

Ford Motor Company
General Motors
Mercedes-Benz Group AG
Nissan Motor Co., Ltd. A
Stellantis NV
TOYOTA MOTOR CORPORATION
Volkswagen AG

Stellantis NV is dominant player in the electric vans market due to their diverse portfolio of automotive brands, including Peugeot, Citroën, and Fiat, provides a range of electric van models tailored to different segments. Stellantis' established presence in the van market, experience in vehicle production, and the conversion of well-known van models to electric powertrains have contributed to its significance.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of electric vans reached USD 15.6 billion in 2022 and is poised to witness 13% CAGR from 2023 to 2032, due to the increasing awareness about the escalating environmental concerns and regulations worldwide.

The HEV propulsion segment recorded 60% of the market share in 2022, attributed to the ability of hybrid electric vans to offer transitional solutions toward greener transportation.

Asia Pacific market size was valued at USD 10.2 billion in 2022, owing to rising government implementation of policies and incentives to promote electric vehicles in the region.

Ford Motor Company, General Motors, Mercedes-Benz Group AG, Nissan Motor Co., Ltd. A, Stellantis NV, TOYOTA MOTOR CORPORATION, and Volkswagen AG are some of the major electric vans companies worldwide.