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Results for tag: "Commercial Vehicle Electrification"

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North America and Europe Commercial Vehicles Electric Drivetrain Supplier Profiles and Growth Opportunities - Product Thumbnail Image

North America and Europe Commercial Vehicles Electric Drivetrain Supplier Profiles and Growth Opportunities

  • Report
  • October 2021
  • 79 Pages
  • North America, Europe North America, Europe
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North American and European Commercial Vehicle Electric Drivetrain Growth Opportunities - Product Thumbnail Image

North American and European Commercial Vehicle Electric Drivetrain Growth Opportunities

  • Report
  • October 2021
  • 73 Pages
  • North America, Europe North America, Europe
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  • 8 Results (Page 1 of 1)
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Commercial vehicle electrification refers to the conversion of commercial vehicles – which include a range of vehicles like trucks, buses, vans, and heavy-duty transports – from fossil fuel-based propulsion to electric powertrains. This transition is driven by a growing emphasis on reducing greenhouse gas emissions, improving urban air quality, and minimizing reliance on non-renewable energy sources. Electrification in the commercial sector poses unique challenges compared to passenger vehicles due to their larger size, heavier payloads, and longer required driving ranges. However, advancements in battery technology, electric motor efficiency, and charging infrastructure continue to make electrification a viable option for a wider range of commercial uses. Electrified commercial vehicles now encompass all-electric, hybrid, and fuel cell variants, each offering different benefits and suited to specific applications. Governments, municipalities, and transportation companies are increasingly adopting electric commercial vehicles (ECVs) to meet regulatory standards and sustainability goals while taking advantage of the lower operating costs associated with electric propulsion. Several companies operate in the commercial vehicle electrification market, offering various products and services to cater to this growing industry. Key players include Tesla, Inc., known for its all-electric semi-truck; BYD Auto Co., Ltd., which manufactures electric buses and commercial vehicles; Daimler Truck AG, with its range of electric trucks and buses under different brands including Freightliner and Fuso; Volvo Group, offering electric trucks and buses for various markets; and Nikola Corporation, focusing on battery-electric and hydrogen fuel cell commercial Show Less Read more