Wednesday, December 19, 2018
New Business Models and Subsidies Power Growth in the Global Electric Commercial Trucks Market
  SocialTwist Tell-a-Friend  

Novel, rapid charging systems vital to help the market compete against traditional powertrains, finds Frost & Sullivan

SANTA CLARA, California, Nov.  28, 2018 /PRNewswire/ --  Stringent emission regulations in China, North America, and Europe, coupled with the growing need for fleets to contain their operating and fuel costs in order to counteract volatile fuel prices, are prompting automotive original equipment manufacturers (OEMs) to roll out highly innovative and advanced electric trucks (eTrucks). Among the global regions, China's aggressive promotion of eTrucks, through subsidies and large-scale installation of quick charging infrastructure, has established it as the undisputed leader in the eTruck market, and the country is poised to account for 61.1 percent of the global eTrucks sales in 2025. Despite the fall in battery pack prices, eTrucks still command a high upfront acquisition cost, equating to more than twice the price of diesel truck. To make these technologies affordable to customers across the spectrum, OEMs are also gravitating towards new business models such as leasing of trucks, along with battery or fuel cells.

"With battery prices declining by nearly 80 percent during 2010-2017, electric vehicles (EVs) are pulling ahead of hybrids as the preferred alternative powertrain among market majors (Daimler, Volvo, Scania) as well as startups (Tesla, Orange EV, Nikola)," said Chandramowli Kailasam, Program Manager, Mobility. "Wheel hub motor architecture and central motor architecture with induction motors are expected to gain traction among heavy duty (HD) and medium duty (MD) trucks, respectively, as North American and European eTruck OEMs look to reduce their dependence on highly expensive rare-earth metals that goes into making permanent magnet motors. However, Chinese OEMs benefit from easy access to these rare-earth metals, at a much cheaper price, and, hence, are predominantly using permanent magnet motors."

Frost & Sullivan's recent analysis, Global Commercial Vehicle Electrification Potential and Trends, Forecast to 2025, provides an overview of the key trends in MD commercial vehicles ranging between 6.1 tonnes and 16 tonnes, and HD commercial vehicles in the above 16 tonnes segment. It covers the various factors driving the adoption of eTrucks and the top challenges from 2016 to 2025.

For further information on this analysis, please click here

"As the time taken for the refuelling of eTrucks will have to be comparable with the time taken to fill diesel, we will see huge demand for 350kW+ ultra-fast charging systems in the short term, and with Tesla Semi's commercial launch in 2019, Mega Chargers with 1MW charging capacity will help shorten the charging time drastically. However, fleets and drivers will still aspire for a charging time on par with the diesel refueling time," noted Darwin Sebastin, Senior Research Analyst, Mobility. "There will also be higher OEM investment in battery pack manufacturing and drivetrains. Fuel cells, in particular, will start gaining market shares post 2020 due to their higher energy density and light weight, which makes them ideal for long haul trucks."

In addition to the advances in battery chemistries, the emergence of an eMobility value chain and demonstrable shrinking RoI are expected to raise the global unit shipment of MD and HD eTrucks to 250,000 units by 2025. There will be further growth opportunities in:

  • Advanced battery technologies such as Li-Polymer and Solid-state-batteries
  • Fast charging standards with 900+kW capability by CHARIN and CHaDeMo-China's CEC
  • Efficient and low cost drives as induction and switch-reluctance motors
  • Exploring new markets in developing regions
  • Widening product portfolios in eTruck space beyond battery EVs (BEVs) and stepping into fuel-cell EVs (FCEVs)

Global Commercial Vehicle Electrification Potential and Trends, Forecast to 2025 is part of Frost & Sullivan's global Automotive & Transportation Growth Partnership Service program.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Global Commercial Vehicle Electrification Potential and Trends, Forecast to 2025

Kristina Menzefricke
T: +44 (0) 208 996 8589


More News by PR Newswire India

Bentall Kennedy and GreenOak Real Estate announce merger to form Bentall GreenOak, global real estate investment platform

Mumbai Jewellery & Gem Fair to Showcase Statement Pieces From Prime Indian Jewellers

Essence takes on integrated media duties for Airtel

JA Solar Supplies Modules for the First 3MW Bifacial Mono PERC Double Glass Solar Project in Brazil

Metasys(R) 10.0 redefines modern building management

Lipofilling, Expanded Stem Cells Are a Valuable Alternative to Breast Implants

Locus Chain to Launch a Digital Asset Exchange Platform in Dubai

Wood Adhesives Manufacturers Focus their Growth Strategy on Furniture, Building and Construction Industries

The Commonwealth Of The Bahamas New Visa Waiver Policy for Indian Nationals Holding Canadian, Schengen, USA and UK Visas

Big Data and IoT Advancements Drive Growth Opportunities for Prognostics in Commercial Vehicles

Supermicro Report Highlights Environmental Impact of Today's Cloud-Scale Data Centers

HTC Partners With China Mobile To Expand Its 5G Vision Globally

HUAWEI P20 Pro Honoured at the Prestigious News18 Tech and Auto Awards for Best Camera Phone of the Year

Intermarché maps its own-brand organic products using SGS Transparency-One

Xevo Recognized by Frost & Sullivan for its Groundbreaking Xevo Market Automotive Commerce and Services Platform

TATA Projects Builds Prayagraj Airport Terminal in 11 Months

New Report Explores Digital Travel Commerce and Payments Needs in Latin America & Caribbean

ThroughPut Inc Announces the Formation of Executive Advisory Board, Welcomes New Members

27th Mega Eye Camp Held at Dera Sacha Sauda

Mumbai to get its First Professionally Managed Self-redevelopment Project by Wedevelopment

ARLANXEO's Keltan(R) KSA opens flagship online Customer Self-Service Platform

Western Digital Hosts 'Data Innovation Bazaar' in Association With 'Startup India' and 'Invest India'

GIIS Chinchwad Amongst 0.1% Schools in India to Receive Cambridge Affiliation

Munters Wins Three Large Air Treatment Orders in China

Datamatics Recognized as the Best Cognitive Technology Provider by Computer Society of India, Mumbai

Indiannica Learning Organizes English Language Training (ELT) Workshop and Product Launch

Nishchae Suri to Join the Global Management Executive Team at EdCast

'Marketing Success Formula' a New Book by Rajesh Srinivasan (an IIM-L Alumnus) Reveals Four Proven Steps for Business Growth

HopOn India to Participate in Comic-Con 2018

Lenovo and Intel's Much-anticipated Legion of Champions III 2019 is Here and Raring to Go

UST Global Awarded 'Top Employers in the APAC for 2019' by the Top Employers Institute

Singapore Post eCommerce Division Recognised at the 2018 Asia eCommerce Awards

Empire State Building And Interscope Records, Along With iHeartMedia, Promise A "White Christmas" With Annual Holiday Music-To-Light Show Featuring OneRepublic

Shoclef Presents Live Shopping in the Global Marketplace

Ski Season Opens at Lotte Arai Resort on December 15

AWE 2019 releases new theme: Falling in love with AI - Smart Life

New Report Shows Rapid Damage to Milk Nutrients by Light

Artificial Intelligence Is Propelling the Pharmaceutical Industry by Enabling Smart Drug Discovery Solutions

Few Months Into the Launch, NowPaaS is Already a Success; Has Serviced More Than 100+ Manufacturers

Cityzenith's Smart World Proâ„¢ Digital Twin Software Platform Selected for New Capital City in India

Frost & Sullivan Applauds VMware for Global Software-Defined Wide Area Networking (SD-WAN) Market Leadership

The Rise of Industrial IoT Drives the Adoption of Predictive Inspection Models in Non-destructive Testing

After New Delhi, Indus Towers now Deploys 50 Intelligent Poles in Vadodara Under Government's Smart City Mission

Systech Releases Expanded Cloud Platform to Secure Global Supply Chains

KC Valley: MEIL’s another Glory

Top IT Jobs in Demand in India, Revealed by Simplilearn Study

Maxim India Achieves the Distinction of India's First Progressive 3D Mainstream Magazine Cover - Courtesy OnePlus

Microland Wins Best Practice Award at the NHRD TecHeaRt 2018

Kerala Tourism Launches International Children's Online Painting Competition 2018 in Memory of Edmund Thomas Clint

Fosun's Protechting Program wins UNGC's China Network award for its Sustainable Development in China

Cross-border Data Flows Fundamental for AI Growth in India

Affle Wins Big at MOBEXX Awards 2018

BioNet reports on persistence of antibody responses of recombinant pertussis vaccines in the Lancet Infectious Diseases

Datamatics to Demerge and Separately List its Subsidiary Lumina Datamatics

Dunya Labs Brings EOS Blockchain to India With Catalyst

Exclusive Launch: Karan Wahi X Spoyl Collection

Join in the 2018 world-leading Tea Fair with the gracious invitation extended by Huajuchen

Cold Delhi morning with very poor air...
India retains highest aviation safety ra...
Rahul takes tuition to dream, what to sp...
Vyapam scam: CBI court sentences 1 accus...
BJP MP son sent to jail in SC/ST Act...
Odisha BJP chief demands loan waiver for...
 Top Stories
Shuttlecock makers in Bengal's Ulub... 
I got my first negative review afte... 
BJP showing Parrikar as 'He-man, Su... 
Sonu Nigam clarifies his comment on... 
Most firms bet big on 5G but wary o... 
AgustaWestland case: CBI opposes Ch... 
Unaware of 2020 Sikh referendum cam... 
Cricket Ireland to offer profession...