PTR's analyst, Humza Farhan, provides an overview of the current trends in the commercial and off-highway vehicle segment in this video. Find out more by visiting out Commercial and Off-Highway research service page: [ Ссылка ]
The commercial vehicle industry is rapidly evolving around the world with the integration of battery, electric, and plug-in hybrid electric technologies. This change is driven by the need for more sustainable and environmentally friendly transportation solutions. Many major players in the commercial vehicle industry, such as Volvo, Daimler, Volkswagen, and Tesla, have already introduced electric vehicles into their lineups. These vehicles are capable of carrying heavy loads while producing zero emissions, making them a very attractive option for businesses looking to reduce their carbon footprints. Furthermore, governments around the world are also offering incentives and subsidies to encourage the adoption of electric commercial vehicles. For example, in the United Kingdom, businesses can receive grants for up to £16,000 for each electric van that they purchase. Despite these developments, there are still challenges to overcome in the adoption of electric commercial vehicles. The range of these vehicles can be very limited, making them less practical for long-haul transportation. Additionally, the infrastructure for charging these vehicles is not as yet widespread as for traditional gasoline or diesel vehicles. Overall, the integration of battery electric and plug-in hybrid electric technology in the commercial vehicle industry represents a very significant step towards more sustainable transportation. However, further advancements are absolutely necessary to make electric vehicles a practical and viable option for businesses around the world.
