Europe Electric Light Commercial Vehicles Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

The Europe Electric Light Commercial Vehicles Market is segmented by Vehicle Configuration (Light Commercial Vehicles), by Fuel Category (BEV, FCEV, HEV, PHEV) and by Country (Austria, Belgium, Czech Republic, Denmark, Estonia, France, Germany, Ireland, Italy, Latvia, Lithuania, Norway, Poland, Russia, Spain, Sweden, UK, Rest-of-Europe). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

Europe Electric Light Commercial Vehicles Market Size

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Europe Electric Light Commercial Vehicles Market Summary
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Icons Lable Value
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2030
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 10.53 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2030) USD 33.4 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Fuel Category BEV
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2030) 21.21 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country France

Major Players

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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

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Europe Electric Light Commercial Vehicles Market Analysis

The Europe Electric Light Commercial Vehicles Market size is estimated at 10.53 billion USD in 2024, and is expected to reach 33.4 billion USD by 2030, growing at a CAGR of 21.21% during the forecast period (2024-2030).

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10.53 Billion

Market Size in 2024 (USD)

33.4 Billion

Market Size in 2030 (USD)

37.67 %

CAGR (2017-2023)

21.21 %

CAGR (2024-2030)

Largest Segment by Fuel Category

68.28 %

value share, BEV, 2023

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BEVs dominate due to advancements in battery technology, government incentives, and increasing infrastructure supporting electric vehicles in Europe.

Largest Country

19.26 %

value share, France, 2023

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France leads the electric light commercial vehicle market due to strong government support, extensive charging infrastructure, and high demand for zero-emission commercial vehicles.

Largest Segment by Vehicle Body Type

87.53 %

value share, Light Commercial Pick-up Trucks, 2023

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Light Commercial Pick-Up Trucks dominate due to their versatility, high demand from small businesses, and suitability for various commercial applications, making them essential in the market.

Fastest-growing Segment by Fuel Category

25.49 %

Projected CAGR, FCEV, 2024-2030

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FCEVs are the fastest-growing due to advancements in hydrogen fuel cell technology, expanding hydrogen refueling infrastructure, and a push for zero-emission commercial vehicles.

Leading Market Player

10.49 %

market share, Peugeot S.A., 2023

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Peugeot S.A. leads the market with its innovative electric light commercial vehicles, strong brand reputation, and extensive network supporting eco-friendly commercial transportation across Europe.

The electric light commercial vehicle (LCV) market is witnessing a surge, driven by stringent emissions regulations and the introduction of new electric vehicle (EV) models. With a notable shift toward electric vehicles in fleet operations, the market is poised for robust growth

  • Europe experienced a staggering 111% surge in its electric light commercial vehicle (eLCV) market in 2022. This growth was fueled by tightening emissions regulations, advancements in charging infrastructure, and the introduction of new EV van models. This strong momentum is expected to continue, with a projected growth rate of 41% in 2023, as more businesses embrace electrification. Several factors are driving this adoption: wider availability of light commercial EVs across vehicle classes, a declining total cost of ownership compared to traditional vehicles, and rising demand for sustainable urban transportation.
  • The shift to electric vans and trucks is accelerated by government subsidies and corporate sustainability commitments. While eLCV sales in Europe were relatively modest historically, they gained significant traction in 2021, registering a remarkable 74% Y-o-Y growth. Initially, limited range and high costs hindered the uptake of early eLCV models. However, the introduction of upgraded models, coupled with stricter EU emissions regulations, has spurred eLCV adoption since 2021. The expansion of charging infrastructure has also played a pivotal role in this growth.
  • The European eLCV market witnessed notable expansion between 2017 and 2021, setting the stage for a broader adoption. Projections indicate a robust 35% a CAGR for eLCVs from 2023 to 2029, as electric drivetrains become the standard. The stringent EU vehicle emission regulations, coupled with an improving total cost of ownership parity with conventional vehicles, will be key drivers for this growth. Moreover, the accelerated investments in charging networks are expected to facilitate a wider adoption of eLCVs. If these dynamics persist, eLCVs could capture over 65% of new LCV sales in Europe by 2029.
Europe Electric Light Commercial Vehicles Market

Country-specific developments in the European electric light commercial vehicles market are showcasing the continent's leadership in electrification efforts

  • Globally, sales of commercial vehicles reached a total of 17.7 million each year. With more than 2.9 million new vans, trucks, and buses, Europe accounts for 16.4% of global registrations. Consumer purchasing habits have shifted in favor of electric vehicles due to increasing environmental concerns, the government's plan to ban internal combustion engines by 2030, and a general understanding of the benefits of eco-friendly vehicles, such as fuel efficiency and zero emissions.
  • The COVID-19 pandemic has had unparalleled repercussions on culture and the economy. The automobile industry has experienced significant effects, and the recovery process is still expected to be drawn out and challenging. Despite this, the Italian government continues to predict that starting in 2025, the use of electric vehicles will significantly expand. Additionally, the European Commission approved public financing of EUR 3.2 billion in December 2019 from seven Member States for pan-European research and innovation projects. This promotes the development of highly innovative and sustainable technologies for lithium-ion batteries, involving R&I activities up to the first industrial deployment along the entire battery value chain.
  • The government has prioritized the development of batteries, vehicles, charging stations, digital mobility apps, ICT, smart mobility, and energy services to accelerate the adoption of electric vehicles in the coming years. The demand for electric commercial vehicles is anticipated to increase due to the growth of e-commerce and logistical activities.

Europe Electric Light Commercial Vehicles Market Trends

Environmental concerns, government support, and decarbonization goals fuel European electric vehicle demand and sales

  • The demand and sales of electric vehicles in European countries have grown significantly over the past few years. Germany witnessed a growth in the sales of electric cars by 22% in 2022 over 2021, followed by the United Kingdom with an 18.40% increase in 2022 over 2021. Growing environmental concerns, stringent governmental norms, advantages of electric vehicles such as fuel efficiency, low service cost, no carbon emissions, and subsidies by the government are some of the factors contributing to the growth of electric vehicles in European countries.
  • The demand for electric commercial vehicles, especially light trucks, is growing gradually in European countries. Moreover, the governments of various countries are also supporting the adoption of electric vehicles. In November 2021, the government of the United Kingdom announced a pledge that all heavy-duty vehicles would be zero-emission by the year 2040. Such factors have increased the sales of electric commercial vehicles in the United Kingdom by 23.17% in 2022 over 2021, and similar practices in various countries are enhancing the demand for electric commercial vehicles across Europe.
  • It is projected that the electrification of vehicles in European countries is expected to grow tremendously in the next few years. The efforts of the governments in the regions for decarbonization are expected to drive the electric commercial vehicle market in Europe. For instance, in January 2022, the transport minister of Germany announced a goal to put 15 million electric vehicles on the road by 2030. Such factors are expected to increase the sales of electric vehicles during the 2024-2030 period in European countries.
Europe Electric Light Commercial Vehicles Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Several European countries face population declines, while others grow, indicating a need for targeted policy interventions
  • European countries are experiencing growth in CVP, driven by government incentives for environmentally friendly vehicles
  • The general trend indicates a decline or stabilization in rates, influenced by economic factors and monetary policies
  • Declining battery prices and government initiatives drive demand for electric vehicles in Europe
  • Europe's advanced logistics, driven by the EU's open trade policies, has faced challenges like Brexit. With a focus on sustainability and technology in 2023, Europe was expected to remain a global logistics leader, poised for further innovation and adaptation
  • Within the European truck manufacturing sector, Belgium, Spain, and the UK have witnessed positive growth trajectories. In contrast, Italy and Russia are grappling with hurdles. As the industry looks ahead, the impetus on sustainability is set to define its future. Notably, each country is charting its course, balancing distinctive challenges and potential
  • Europe's GDP per capita is on track for steady growth, reflecting resilience and strategic policies
  • The European region is poised for economic stability, with concerted efforts to manage inflation and foster a balanced economic landscape
  • Europe is demonstrating a robust commitment to enhancing its EV infrastructure, with significant growth in both slow and fast-charging stations
  • Electrification in Europe drives the increase in regional battery pack demand
  • Since February 2023, diesel imports from the Middle East, Asia, and North America have increased due to the ban on imports from Russia

Europe Electric Light Commercial Vehicles Industry Overview

The Europe Electric Light Commercial Vehicles Market is fragmented, with the top five companies occupying 32.16%. The major players in this market are Ford Motor Company, Groupe Renault, Peugeot S.A., Toyota Motor Corporation and Volkswagen AG (sorted alphabetically).

Europe Electric Light Commercial Vehicles Market Leaders

  1. Ford Motor Company

  2. Groupe Renault

  3. Peugeot S.A.

  4. Toyota Motor Corporation

  5. Volkswagen AG

Europe Electric Light Commercial Vehicles Market Concentration

Other important companies include ADDAX MOTORS NV., ARRIVAL LTD., Daimler AG (Mercedes-Benz AG), Fiat Chrysler Automobiles N.V, Maxus, Nissan Motor Co. Ltd., Volvo Group.

*Disclaimer: Major Players sorted in alphabetical order.

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Europe Electric Light Commercial Vehicles Market News

  • June 2023: Mercedes-Benz DRIVE PILOT expands U.S. availability to California and introduce a SAE Level 3 system in a standard-production vehicle for use on public freeways in the most populous state in the U.S.
  • June 2023: FORD NEXT launches New pilot program creates flexible electric solutions for drivers who use the Uber platform in select U.S. markets, allowing them to lease a vehicle for more customized time periods.
  • May 2023: Mercedes Benz Vans is launching its electric small van for innercity deliveries and servicing operations. eCitan is a vehicle panel with 2 options such as the compact version of 4498 mm and 5922 mm.

Free with this Report

For the Vehicle Hub report, we provide an extensive collection of over 150 free charts, delivering detailed insights on regional and country-level dynamics within the vehicle industry. This encompasses in-depth analyses of vehicle registrations, usage patterns in both consumer and business segments, and evaluations of various vehicle configurations and body types. The report delves into critical industrial trends such as shifts in vehicle production and distribution centers, changes in vehicle ownership costs, and advancements in automotive technologies. Further, our report offers comprehensive market segmentation by vehicle type, body type, propulsion, and fuel categories, providing a nuanced understanding of the market landscape. It also explores the adoption rate of new technologies, the impact of regulatory changes, and the influence of economic factors on the vehicle market. We include a thorough examination of key industry players, regulatory frameworks, and market size in terms of both revenue and unit sales, leading to strategic projections and forecasts that account for emerging trends and potential shifts in the industry.

Europe Electric Light Commercial Vehicles Market
Europe Electric Light Commercial Vehicles Market
Europe Electric Light Commercial Vehicles Market
Europe Electric Light Commercial Vehicles Market

Europe Electric Light Commercial Vehicles Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. Population

    2. 2.2. GDP Per Capita

    3. 2.3. Consumer Spending For Vehicle Purchase (cvp)

    4. 2.4. Inflation

    5. 2.5. Interest Rate For Auto Loans

    6. 2.6. Impact Of Electrification

    7. 2.7. EV Charging Station

    8. 2.8. Battery Pack Price

    9. 2.9. New Xev Models Announced

    10. 2.10. Logistics Performance Index

    11. 2.11. Fuel Price

    12. 2.12. Oem-wise Production Statistics

    13. 2.13. Regulatory Framework

    14. 2.14. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 3.1. Vehicle Configuration

      1. 3.1.1. Light Commercial Vehicles

    2. 3.2. Fuel Category

      1. 3.2.1. BEV

      2. 3.2.2. FCEV

      3. 3.2.3. HEV

      4. 3.2.4. PHEV

    3. 3.3. Country

      1. 3.3.1. Austria

      2. 3.3.2. Belgium

      3. 3.3.3. Czech Republic

      4. 3.3.4. Denmark

      5. 3.3.5. Estonia

      6. 3.3.6. France

      7. 3.3.7. Germany

      8. 3.3.8. Ireland

      9. 3.3.9. Italy

      10. 3.3.10. Latvia

      11. 3.3.11. Lithuania

      12. 3.3.12. Norway

      13. 3.3.13. Poland

      14. 3.3.14. Russia

      15. 3.3.15. Spain

      16. 3.3.16. Sweden

      17. 3.3.17. UK

      18. 3.3.18. Rest-of-Europe

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles

      1. 4.4.1. ADDAX MOTORS NV.

      2. 4.4.2. ARRIVAL LTD.

      3. 4.4.3. Daimler AG (Mercedes-Benz AG)

      4. 4.4.4. Fiat Chrysler Automobiles N.V

      5. 4.4.5. Ford Motor Company

      6. 4.4.6. Groupe Renault

      7. 4.4.7. Maxus

      8. 4.4.8. Nissan Motor Co. Ltd.

      9. 4.4.9. Peugeot S.A.

      10. 4.4.10. Toyota Motor Corporation

      11. 4.4.11. Volkswagen AG

      12. 4.4.12. Volvo Group

  7. 5. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, POPULATION YOY GROWTH RATE, UNITS, 2017 - 2030
  1. Figure 2:  
  2. EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 3:  
  2. EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 4:  
  2. EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 5:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENTAGE, 2017 - 2022
  1. Figure 6:  
  2. EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 7:  
  2. EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2022
  1. Figure 8:  
  2. EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
  1. Figure 9:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, NEW XEV MODELS ANNOUNCED, VOLUME, YOY GROWTH RATE, UNITS, 2023 - 2027
  1. Figure 10:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, LPI YOY GROWTH RATE, 2017 - 2030
  1. Figure 11:  
  2. EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2022
  1. Figure 12:  
  2. EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2022
  1. Figure 13:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, VOLUME IN UNITS, 2017 - 2030
  1. Figure 14:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, VALUE IN USD, 2017 - 2030
  1. Figure 15:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY VEHICLE BODY TYPE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 16:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY VEHICLE BODY TYPE, BY VALUE IN USD, 2017 - 2030
  1. Figure 17:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 18:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 19:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 20:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VALUE IN USD, 2017 - 2030
  1. Figure 21:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 22:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL VANS, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 23:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL VANS, BY VALUE IN USD, 2017 - 2030
  1. Figure 24:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 25:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL CATEGORY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 26:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL CATEGORY, BY VALUE IN USD, 2017 - 2030
  1. Figure 27:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 28:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 29:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY BEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 30:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY BEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 31:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 32:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY FCEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 33:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY FCEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 34:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 35:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY HEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 36:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY HEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 37:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 38:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY PHEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 39:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY PHEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 40:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 41:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 42:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
  1. Figure 43:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 44:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 45:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY AUSTRIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 46:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY AUSTRIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 47:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 48:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY BELGIUM, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 49:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY BELGIUM, BY VALUE IN USD, 2017 - 2030
  1. Figure 50:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 51:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY CZECH REPUBLIC, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 52:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY CZECH REPUBLIC, BY VALUE IN USD, 2017 - 2030
  1. Figure 53:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 54:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY DENMARK, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 55:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY DENMARK, BY VALUE IN USD, 2017 - 2030
  1. Figure 56:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 57:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY ESTONIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 58:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY ESTONIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 59:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 60:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY FRANCE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 61:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY FRANCE, BY VALUE IN USD, 2017 - 2030
  1. Figure 62:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 63:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY GERMANY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 64:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY GERMANY, BY VALUE IN USD, 2017 - 2030
  1. Figure 65:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 66:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY IRELAND, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 67:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY IRELAND, BY VALUE IN USD, 2017 - 2030
  1. Figure 68:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 69:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY ITALY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 70:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY ITALY, BY VALUE IN USD, 2017 - 2030
  1. Figure 71:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 72:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY LATVIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 73:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY LATVIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 74:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 75:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY LITHUANIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 76:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY LITHUANIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 77:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 78:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY NORWAY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 79:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY NORWAY, BY VALUE IN USD, 2017 - 2030
  1. Figure 80:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 81:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY POLAND, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 82:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY POLAND, BY VALUE IN USD, 2017 - 2030
  1. Figure 83:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 84:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY RUSSIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 85:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY RUSSIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 86:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 87:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY SPAIN, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 88:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY SPAIN, BY VALUE IN USD, 2017 - 2030
  1. Figure 89:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 90:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY SWEDEN, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 91:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY SWEDEN, BY VALUE IN USD, 2017 - 2030
  1. Figure 92:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 93:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY UK, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 94:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY UK, BY VALUE IN USD, 2017 - 2030
  1. Figure 95:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 96:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-EUROPE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 97:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-EUROPE, BY VALUE IN USD, 2017 - 2030
  1. Figure 98:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 99:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017 - 2030
  1. Figure 100:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, MOST ADOPTED STRATEGIES, 2017 - 2030
  1. Figure 101:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET SHARE(%), BY MAJOR PLAYERS, 2021

Europe Electric Light Commercial Vehicles Industry Segmentation

Light Commercial Vehicles are covered as segments by Vehicle Configuration. BEV, FCEV, HEV, PHEV are covered as segments by Fuel Category. Austria, Belgium, Czech Republic, Denmark, Estonia, France, Germany, Ireland, Italy, Latvia, Lithuania, Norway, Poland, Russia, Spain, Sweden, UK, Rest-of-Europe are covered as segments by Country.

  • Europe experienced a staggering 111% surge in its electric light commercial vehicle (eLCV) market in 2022. This growth was fueled by tightening emissions regulations, advancements in charging infrastructure, and the introduction of new EV van models. This strong momentum is expected to continue, with a projected growth rate of 41% in 2023, as more businesses embrace electrification. Several factors are driving this adoption: wider availability of light commercial EVs across vehicle classes, a declining total cost of ownership compared to traditional vehicles, and rising demand for sustainable urban transportation.
  • The shift to electric vans and trucks is accelerated by government subsidies and corporate sustainability commitments. While eLCV sales in Europe were relatively modest historically, they gained significant traction in 2021, registering a remarkable 74% Y-o-Y growth. Initially, limited range and high costs hindered the uptake of early eLCV models. However, the introduction of upgraded models, coupled with stricter EU emissions regulations, has spurred eLCV adoption since 2021. The expansion of charging infrastructure has also played a pivotal role in this growth.
  • The European eLCV market witnessed notable expansion between 2017 and 2021, setting the stage for a broader adoption. Projections indicate a robust 35% a CAGR for eLCVs from 2023 to 2029, as electric drivetrains become the standard. The stringent EU vehicle emission regulations, coupled with an improving total cost of ownership parity with conventional vehicles, will be key drivers for this growth. Moreover, the accelerated investments in charging networks are expected to facilitate a wider adoption of eLCVs. If these dynamics persist, eLCVs could capture over 65% of new LCV sales in Europe by 2029.
Vehicle Configuration
Light Commercial Vehicles
Fuel Category
BEV
FCEV
HEV
PHEV
Country
Austria
Belgium
Czech Republic
Denmark
Estonia
France
Germany
Ireland
Italy
Latvia
Lithuania
Norway
Poland
Russia
Spain
Sweden
UK
Rest-of-Europe
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Market Definition

  • Vehicle Type - The category covers light commercial vehicle.
  • Vehicle Body Type - This includes Light Commercial Pick-up Trucks and Light Commercial Vans.
  • Fuel Category - The category exclusively covers electric propulsion systems, including various types such as HEV (Hybrid Electric Vehicles), PHEV (Plug-in Hybrid Electric Vehicles), BEV (Battery Electric Vehicles), and FCEV (Fuel Cell Electric Vehicles).
Keyword Definition
Electric Vehicle (EV) A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles.
BEV A BEV relies completely on a battery and a motor for propulsion. The battery in the vehicle must be charged by plugging it into an outlet or public charging station. BEVs do not have an ICE and hence are pollution-free. They have a low cost of operation and reduced engine noise as compared to conventional fuel engines. However, they have a shorter range and higher prices than their equivalent gasoline models.
PEV A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all-electric vehicles as well as plug-in hybrids.
Plug-in Hybrid EV A vehicle that can be powered either by an ICE or an electric motor. In contrast to normal hybrid EVs, they can be charged externally.
Internal combustion engine An engine in which the burning of fuels occurs in a confined space called a combustion chamber. Usually run with gasoline/petrol or diesel.
Hybrid EV A vehicle powered by an ICE in combination with one or more electric motors that use energy stored in batteries. These are continually recharged with power from the ICE and regenerative braking.
Commercial Vehicles Commercial vehicles are motorized road vehicles designed for transporting people or goods. The category includes light commercial vehicles (LCVs) and medium and heavy-duty vehicles (M&HCV).
Passenger Vehicles Passenger cars are electric motor– or engine-driven vehicles with at least four wheels. These vehicles are used for the transport of passengers and comprise no more than eight seats in addition to the driver’s seat.
Light Commercial Vehicles Commercial vehicles that weigh less than 6,000 lb (Class 1) and in the range of 6,001–10,000 lb (Class 2) are covered under this category.
M&HDT Commercial vehicles that weigh in the range of 10,001–14,000 lb (Class 3), 14,001–16,000 lb (Class 4), 16,001–19,500 lb (Class 5), 19,501–26,000 lb (Class 6), 26,001–33,000 lb (Class 7) and above 33,001 lb (Class 8) are covered under this category.
Bus A mode of transportation that typically refers to a large vehicle designed to carry passengers over long distances. This includes transit bus, school bus, shuttle bus, and trolleybuses.
Diesel It includes vehicles that use diesel as their primary fuel. A diesel engine vehicle have a compression-ignited injection system rather than the spark-ignited system used by most gasoline vehicles. In such vehicles, fuel is injected into the combustion chamber and ignited by the high temperature achieved when gas is greatly compressed.
Gasoline It includes vehicles that use gas/petrol as their primary fuel. A gasoline car typically uses a spark-ignited internal combustion engine. In such vehicles, fuel is injected into either the intake manifold or the combustion chamber, where it is combined with air, and the air/fuel mixture is ignited by the spark from a spark plug.
LPG It includes vehicles that use LPG as their primary fuel. Both dedicated and bi-fuel LPG vehicles are considered under the scope of the study.
CNG It includes vehicles that use CNG as their primary fuel. These are vehicles that operate like gasoline-powered vehicles with spark-ignited internal combustion engines.
HEV All the electric vehicles that use batteries and an internal combustion engine (ICE) as their primary source for propulsion are considered under this category. HEVs generally use a diesel-electric powertrain and are also known as hybrid diesel-electric vehicles. An HEV converts the vehicle momentum (kinetic energy) into electricity that recharges the battery when the vehicle slows down or stops. The battery of HEV cannot be charged using plug-in devices.
PHEV PHEVs are powered by a battery as well as an ICE. The battery can be charged through either regenerative breaking using the ICE or by plugging into some external charging source. PHEVs have a better range than BEVs but are comparatively less eco-friendly.
Hatchback These are compact-sized cars with a hatch-type door provided at the rear end.
Sedan These are usually two- or four-door passenger cars, with a separate area provided at the rear end for luggage.
SUV Popularly known as SUVs, these cars come with four-wheel drive, and usually have high ground clearance. These cars can also be used as off-road vehicles.
MPV These are multi-purpose vehicles (also called minivans) designed to carry a larger number of passengers. They carry between five and seven people and have room for luggage too. They are usually taller than the average family saloon car, to provide greater headroom and ease of access, and they are usually front-wheel drive.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all its reports.

  • Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the sales volume with their respective average selling price (ASP). While estimating ASP factors like average inflation, market demand shift, manufacturing cost, technological advancement, and varying consumer preference, among others have been taken into account.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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Europe Electric Light Commercial Vehicles Market Research FAQs

The Europe Electric Light Commercial Vehicles Market size is expected to reach USD 10.53 billion in 2024 and grow at a CAGR of 21.21% to reach USD 33.40 billion by 2030.

In 2024, the Europe Electric Light Commercial Vehicles Market size is expected to reach USD 10.53 billion.

Ford Motor Company, Groupe Renault, Peugeot S.A., Toyota Motor Corporation and Volkswagen AG are the major companies operating in the Europe Electric Light Commercial Vehicles Market.

In the Europe Electric Light Commercial Vehicles Market, the BEV segment accounts for the largest share by fuel category.

In 2024, France accounts for the largest share by country in the Europe Electric Light Commercial Vehicles Market.

In 2023, the Europe Electric Light Commercial Vehicles Market size was estimated at 10.53 billion. The report covers the Europe Electric Light Commercial Vehicles Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Electric Light Commercial Vehicles Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

Europe Electric Light Commercial Vehicles Industry Report

Statistics for the 2023 Europe Electric Light Commercial Vehicles market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Electric Light Commercial Vehicles analysis includes a market forecast outlook to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Europe Electric Light Commercial Vehicles Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030