Electric Delivery Vans Market Size

Electric Delivery Vans Market size is set to register over 16.6% CAGR during the forecast period i.e., between 2024-2036. The growth of the market can be attributed to the growing emphasis of government on electrification of public transport fleet, increasing demand for emission-free delivery vans, and escalating adoption of electric vehicles worldwide. According to the International Energy Agency, the stock of electric cars around the world rose up to more than 7.2 million in 2019, up from about 5 million in the year 2018. Around 2.1 electric cars were sold in 2019. Along with these, surge in environmental concerns around the world is giving impetus to the imposition of stringent emission regulations, which in turn is expected to significantly contribute to the market growth in the forthcoming years. Moreover, rising number of new products launches and collaborations among major companies is projected to offer ample growth opportunities to the market in the near future.