Europe Electric Light Commercial Vehicles Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Europe Electric Light Commercial Vehicles Market is segmented by Body Type ( Light Commercial Vehicles ) , by Fuel Type ( 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 )

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Europe Electric Light Commercial Vehicles Market Size

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Europe Electric Light Commercial Vehicles Market
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2016 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 5.33 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 13.80 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Sub Body Type Light Commercial Pick-up Trucks
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 20.96 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country Germany

Major Players
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*Disclaimer: Major Players sorted in no particular 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 USD 5.33 billion in 2024, and is expected to reach USD 13.80 billion by 2029, growing at a CAGR of 20.96% during the forecast period (2024-2029).

  • Largest Segment by Fuel Type - BEV : In Europe, pure battery light commercial vehicles has highest sales in all fuel types. Due to higher fuel efficiency and less maintenance cost, the demand for the BEV LCV is increasing significantly.
  • Largest Segment by Sub-Body Type - Light Commercial Pick-up Trucks : An increase in online purchases and growth in the e-commerce industry has grown the last mile logistics, which has immensely grown the market for vans for delivery in Europe in recent years.
  • Fastest-growing Segment by Fuel Type - FCEV : Government focus on green mobility to cut carbon emissions, and development in charging infrastructure is making BEV the fastest growing fuel type in commercial vehicles in Europe.
  • Largest Segment by Country - Germany : France has witnessed the highest sales of electric LCV in Europe. Stringent norms by the government and adopting electric mobility are fueling demand for electric light commercial vehicles in France.

Europe Electric Light Commercial Vehicles Market Trends

This section covers the major market trends shaping the Europe Electric Light Commercial Vehicles Market according to our research experts:

Light Commercial Pick-up Trucks is the largest segment by Sub Body Type.

  • The foundation of Europe's economy, growth, and competitiveness is efficient transport. The commercial vehicle industry is committed to assisting the European economy meet ambitious climate targets set forth in the Paris Agreement. Alternative fuels and powertrains are becoming more varied, but there are still very few charging and refueling locations appropriate for commercial vehicles. There are 6.3 million vehicles in use across the European Union that transport about 15 billion tons of freight annually or 76.7% of all freight transported over land.
  • Europe was the focal point of COVID-19's effects, with around 50,000 units of output lost in March and April as a result of strict factory closures, workplace regulations across the area, supply chain issues, and orders to stay at home. By the end of 2020, the commercial vehicle manufacturing in Europe decreased by almost 20% from the previous year. Countries, like Poland in Central Europe and Italy in Western Europe, where the trucking industry prominently facilitates the flow of commodities throughout Europe, are expected to experience the largest fall in demand.
  • The logistics, construction, and e-commerce activity growth raised the need for material transportation, driving up commercial vehicle sales across the world. This may fuel the market for business vehicles in the near future. The market is anticipated to develop as a result of the rise in construction and e-commerce activities, as well as the transition toward electric vehicles, which is anticipated to present chances for market expansions in the years to come.
Europe Electric Light Commercial Vehicles Market

Germany is the largest segment by Country.

  • There are worldwide sales of commercial vehicles total of 17.7 million each year. With more than 2.9 million new vans, trucks, and buses, Europe accounted for 16.4% of global registrations. Consumer purchasing habits have altered in favor of electric vehicles as a result of increasing environmental concerns, the government's plan to ban internal combustion engines by 2030, and a general understanding of the advantages of eco-friendly cars, 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 it is still expected that the recovery process will be drawn out and challenging. In spite of 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. It promotes the development of highly creative 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, cars, charging stations, digital mobility apps, ICT, smart mobility, and energy services in order to speed up the adoption of electric vehicles in the next 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

Europe Electric Light Commercial Vehicles Industry Overview

The Europe Electric Light Commercial Vehicles Market is moderately consolidated, with the top five companies occupying 61.54%. The major players in this market are Citroen, Nissan Motor Company Ltd, Opel, Renault Group and Volkswagen AG (sorted alphabetically).

Europe Electric Light Commercial Vehicles Market Leaders

  1. Citroen

  2. Nissan Motor Company Ltd

  3. Opel

  4. Renault Group

  5. Volkswagen AG

*Disclaimer: Major Players sorted in no particular order

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

  • January 2022: Nissan has announced the new Townstar van, which will go on sale in June 2022. This model will take the place of the e-NV200. With both petrol and fully electric engine options, the all-new Townstar provides a comprehensive and competitive offering to the tiny van category. The brand-new Townstar, which is entirely electric is designed to hasten the switch to zero-emission motoring. The all-new Townstar, the newest addition to Nissan's fully electric compact LCV series is designed to be a trustworthy efficient and sustainable business partner that is optimised to meet the demands of clients who have ever-changing needs.
  • January 2022: Alnatura has a partnership with Addax Motors. This is where Addax Motors comes in. The company provided a fleet of Addax cars to support Alnatura during the last mile delivery as the organic food retail chain Alnatura launches its e-commerce operation coupled with a home delivery option.
  • January 2022: Allego Holding B.V, the leading pan-European electric vehicle charging network, and Volkswagen Group France announced their partnership with Groupe Bertrand to expand its HPC network in France by installing 15 Ultra-Fast Charging Hubs by the middle of 2023.

Europe Electric Light Commercial Vehicles Market Report - Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1. Study Assumptions & Market Definition

    2. 3.2. Scope of the Study

    3. 3.3. Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1. Population

    2. 4.2. GDP

    3. 4.3. CVP

    4. 4.4. Inflation Rate

    5. 4.5. Interest Rate For Auto Loans

    6. 4.6. Battery Price (per Kwh)

    7. 4.7. Logistics Performance Index

    8. 4.8. Electrification Impact

    9. 4.9. New XEV Models Announced

    10. 4.10. Charging Stations Deployment

    11. 4.11. Regulatory Framework

    12. 4.12. Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1. Body Type

      1. 5.1.1. Light Commercial Vehicles

        1. 5.1.1.1. Light Commercial Pick-up Trucks

        2. 5.1.1.2. Light Commercial Vans

    2. 5.2. Fuel Type

      1. 5.2.1. BEV

      2. 5.2.2. FCEV

      3. 5.2.3. HEV

      4. 5.2.4. PHEV

    3. 5.3. Country

      1. 5.3.1. Austria

      2. 5.3.2. Belgium

      3. 5.3.3. Czech Republic

      4. 5.3.4. Denmark

      5. 5.3.5. Estonia

      6. 5.3.6. France

      7. 5.3.7. Germany

      8. 5.3.8. Ireland

      9. 5.3.9. Italy

      10. 5.3.10. Latvia

      11. 5.3.11. Lithuania

      12. 5.3.12. Norway

      13. 5.3.13. Poland

      14. 5.3.14. Russia

      15. 5.3.15. Spain

      16. 5.3.16. Sweden

      17. 5.3.17. UK

      18. 5.3.18. Rest-of-Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1. Key Strategic Moves

    2. 6.2. Market Share Analysis

    3. 6.3. Company Landscape

    4. 6.4. Company Profiles

      1. 6.4.1. AB Volvo

      2. 6.4.2. ADDAX MOTORS NV.

      3. 6.4.3. ARRIVAL LTD.

      4. 6.4.4. Citroen

      5. 6.4.5. Fiat

      6. 6.4.6. Ford Motor Company

      7. 6.4.7. Maxus

      8. 6.4.8. Nissan Motor Company Ltd

      9. 6.4.9. Opel

      10. 6.4.10. Peugeot

      11. 6.4.11. Renault Group

      12. 6.4.12. Tesla Inc.

      13. 6.4.13. Volkswagen AG

  7. 7. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

  8. 8. APPENDIX

    1. 8.1. Global Overview

      1. 8.1.1. Overview

      2. 8.1.2. Porter's Five Forces Framework

      3. 8.1.3. Global Value Chain Analysis

      4. 8.1.4. Market Dynamics (DROs)

    2. 8.2. Sources & References

    3. 8.3. List of Tables & Figures

    4. 8.4. Primary Insights

    5. 8.5. Data Pack

    6. 8.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 2:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 3:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 4:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 5:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 6:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 7:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 8:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, ELECTRIFICATION IMPACT, VOLUME, YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 9:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, NEW XEV MODELS ANNOUNCED, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
  1. Figure 10:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, CHARGING STATIONS DEPLOYMENT, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
  1. Figure 11:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, VOLUME IN UNITS, 2016 – 2026
  1. Figure 12:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, VALUE IN USD, 2016 – 2026
  1. Figure 13:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY SUB BODY TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 14:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY SUB BODY TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 15:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028
  1. Figure 16:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028
  1. Figure 17:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VOLUME IN UNITS, 2016-2028
  1. Figure 18:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL PICK-UP TRUCKS, BY VALUE IN USD, 2016-2028
  1. Figure 19:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 20:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL VANS, BY VOLUME IN UNITS, 2016-2028
  1. Figure 21:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY LIGHT COMMERCIAL VANS, BY VALUE IN USD, 2016-2028
  1. Figure 22:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 23:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 24:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 25:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 26:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 27:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY BEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 28:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY BEV, BY VALUE IN USD, 2016-2028
  1. Figure 29:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 30:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY FCEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 31:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY FCEV, BY VALUE IN USD, 2016-2028
  1. Figure 32:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 33:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY HEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 34:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY HEV, BY VALUE IN USD, 2016-2028
  1. Figure 35:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 36:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY PHEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 37:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY PHEV, BY VALUE IN USD, 2016-2028
  1. Figure 38:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 39:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 40:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 41:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2016
  1. Figure 42:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2016
  1. Figure 43:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY AUSTRIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 44:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY AUSTRIA, BY VALUE IN USD, 2016-2028
  1. Figure 45:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 46:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY BELGIUM, BY VOLUME IN UNITS, 2016-2028
  1. Figure 47:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY BELGIUM, BY VALUE IN USD, 2016-2028
  1. Figure 48:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 49:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY CZECH REPUBLIC, BY VOLUME IN UNITS, 2016-2028
  1. Figure 50:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY CZECH REPUBLIC, BY VALUE IN USD, 2016-2028
  1. Figure 51:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 52:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY DENMARK, BY VOLUME IN UNITS, 2016-2028
  1. Figure 53:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY DENMARK, BY VALUE IN USD, 2016-2028
  1. Figure 54:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 55:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY ESTONIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 56:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY ESTONIA, BY VALUE IN USD, 2016-2028
  1. Figure 57:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 58:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY FRANCE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 59:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY FRANCE, BY VALUE IN USD, 2016-2028
  1. Figure 60:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 61:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY GERMANY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 62:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY GERMANY, BY VALUE IN USD, 2016-2028
  1. Figure 63:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 64:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY IRELAND, BY VOLUME IN UNITS, 2016-2028
  1. Figure 65:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY IRELAND, BY VALUE IN USD, 2016-2028
  1. Figure 66:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 67:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY ITALY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 68:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY ITALY, BY VALUE IN USD, 2016-2028
  1. Figure 69:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 70:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY LATVIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 71:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY LATVIA, BY VALUE IN USD, 2016-2028
  1. Figure 72:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 73:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY LITHUANIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 74:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY LITHUANIA, BY VALUE IN USD, 2016-2028
  1. Figure 75:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 76:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY NORWAY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 77:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY NORWAY, BY VALUE IN USD, 2016-2028
  1. Figure 78:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 79:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY POLAND, BY VOLUME IN UNITS, 2016-2028
  1. Figure 80:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY POLAND, BY VALUE IN USD, 2016-2028
  1. Figure 81:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 82:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY RUSSIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 83:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY RUSSIA, BY VALUE IN USD, 2016-2028
  1. Figure 84:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 85:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY SPAIN, BY VOLUME IN UNITS, 2016-2028
  1. Figure 86:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY SPAIN, BY VALUE IN USD, 2016-2028
  1. Figure 87:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 88:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY SWEDEN, BY VOLUME IN UNITS, 2016-2028
  1. Figure 89:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY SWEDEN, BY VALUE IN USD, 2016-2028
  1. Figure 90:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 91:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY UK, BY VOLUME IN UNITS, 2016-2028
  1. Figure 92:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY UK, BY VALUE IN USD, 2016-2028
  1. Figure 93:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 94:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-EUROPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 95:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, BY REST-OF-EUROPE, BY VALUE IN USD, 2016-2028
  1. Figure 96:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 97:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 98:  
  2. EUROPE ELECTRIC LIGHT COMMERCIAL VEHICLES MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 99:  
  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 Body Type. BEV, FCEV, HEV, PHEV are covered as segments by Fuel Type. 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.
Body Type
Light Commercial Vehicles
Light Commercial Pick-up Trucks
Light Commercial Vans
Fuel Type
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

  • Body Type - 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.
  • Engine Type - Hybrid and electric vehicles are vehicles that run on batteries and use one or more electric motors for propulsion.
  • Fuel Type - Hybrid and electric vehicles include HEV, PHEV, BEV, and FCEV.
  • Sub Body Type - Under this category, light commercial pickup trucks, and light commercial vans have been included.
  • Vehicle Type - Commercial vehicles are motorized road vehicles designed for transporting people or goods. The category includes light commercial vehicles (LCVs).
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Research Methodology

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

  • Step-1: Identify Key Variables: In order 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 on the basis of 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. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
  • 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 5.33 billion in 2024 and grow at a CAGR of 20.96% to reach USD 13.80 billion by 2029.

In 2024, the Europe Electric Light Commercial Vehicles Market size is expected to reach USD 5.33 billion.

Citroen, Nissan Motor Company Ltd, Opel, Renault Group 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 Light Commercial Pick-up Trucks segment accounts for the largest share by sub body type.

In 2024, Germany 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 USD 4.21 billion. The report covers the Europe Electric Light Commercial Vehicles Market historical market size for years: 2016, 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 and 2029.

Europe Electric Light Commercial Vehicles Industry Report

Statistics for the 2024 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 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Europe Electric Light Commercial Vehicles Report Snapshots

Europe Electric Light Commercial Vehicles Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029