The commercial EV market is unlikely to take off before the end of this decade
Limited offerings hamper US commercial EV market
Small number of commercial EV models offered by auto sector has weighed on adoption, conference speakers say
The market for commercial electric vehicles (EVs) in the US is hampered by a lack of models from automakers, meaning demand in the segment may not reach critical mass until towards the end of this decade. Global EV sales accelerated last year to reach 6.6mn, with EVs in Europe alone accounting for one in six car purchases, according to the International Energy Agency—a sign that some regions have reached or are nearing the inflection point in EV adoption. But the boom has been almost entirely confined to the passenger segment as consumers gravitate to a growing variety of new car offerings. The selection for commercial EVs is paltry by comparison, which has weighed on adoption, according to
Also in this section
18 February 2025
Demand for CCS to abate new gas-fired plants is rising as datacentres seek low-carbon power, Frederik Majkut, SVP of industrial decarbonisation, tells Carbon Economist
11 February 2025
Rising prices have added to concerns over CBAM impact on the competitiveness of EU manufacturing
7 February 2025
Norwegian energy company slashes spending on low-carbon sectors as transition decelerates
30 January 2025
The UAE’s oil and gas company puts its faith in technologies including CCS and AI to deliver its emission-reduction goals
