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
19 December 2024
The utility-scale battery energy storage system market is evolving rapidly, with diverse offtake models emerging to offer bespoke, flexible contracting solutions
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
