Electric Delivery Vans Market Share

North America Market Analysis

On the basis of geographical analysis, the global market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. North America industry is predicted to account for largest revenue share by 2036, on the back of rising technological advancements in electric vehicles, and high awareness levels about fossil fuel emissions. In addition, intensifying government support regarding electrification of delivery trucks is also evaluated to boost market growth in the coming years.

Furthermore, the market in Europe is also assessed to occupy significant market share during the forecast period ascribing to favorable government policies associated with the manufacture of green vehicles and the strong presence of electric vehicle companies in the region. As per the European Environment Agency, the uptake of electric vans increased in Europe, from 0.8 % of total registrations in 2018 to 1.3 % in 2019. In 2019, electric car registrations were close to 550,000 units, having reached 300,000 units in 2018.