The electric van market is about USD 10,365.4 million in 2023, which will reach USD 60,963.1 million by 2030, at a considerable rate of 29% by the end of this decade.
This is because of e- vans’ extensive use in urban deliveries, last-mile logistics, and short-distance travel. In this sort of situations, a range of 100–200 miles are ample to take care of the daily working requirements without the necessity for regular recharging. Hence, automobiles offering this driving range on a full charge are valuable and reasonable for businesses operating in small areas.
The Li-ion battery category leads the electric van market, with a revenue share, of about 60%, and it will grow at a rate of round around 28.4% in the near future. These batteries can store a considerable amount of energy in a comparatively compact and lightweight package, thus letting EVs to have longer driving ranges short of increasing their size or weight.
Furthermore, recent tech progressions have led to improved safety, by making these batteries less prone to catching fire or overheating. Further, their mass production has given rise to low prices, which will eventually help make EVs lucrative for customers.
APAC dominates the industry with a share of 45%, and it will grow at a considerable rate, of 28.8% in the years to come.
The above 50 kWh category leads the industry with a revenue share of around 65%, and it will grow at a significant rate, of over 28%.
This is due to the driving range of e-vans with batteries providing over 50 kWh of energy capacity is generally greater than 150 miles on a single charge. Companies handling short-to-medium-distance deliveries profit from this variety since it reduces the requirement for regular charging and improves the working flexibility.
It is because of the rising sales with the help of e-commerce channels, the demand for electric vans will continue to increase in the years to come.
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When purchasing a vehicle, such as a used van, you should always perform a van check, whether it is stolen or scrapped.
Also, the government is supposed commercial vans to be examined to verify that they have been safe to operate and legal to run.
