Applications
Commercial Battery and Range Extended EV Market
• North America and Europe Commercial Vehicle Market estimated at $200 billion in 2020 – IHS Markit
• By 2040 it is estimated that 56% of Light Commercial Vehicles and 31% of Medium Commercial Vehicles will be electrified. – Bloomberg (BNEF)
• Large EV truck/van orders from fleets like Amazon (100,000) and UPS (10,000) are accelerating commercial EV adoption.
• Global electric truck market is estimated to reach $15 billion by 2030 growing at a CAGR of 51.6% - PS Market Research
Vehicles
![](https://cdn11.bigcommerce.com/s-o7tw49gdyf/images/stencil/original/image-manager/application-vehicles-terminal-tractors.png?t=1670614445)
![](https://cdn11.bigcommerce.com/s-o7tw49gdyf/images/stencil/original/image-manager/application-vehicles-agriculture.png?t=1670614464)
![](https://cdn11.bigcommerce.com/s-o7tw49gdyf/images/stencil/original/image-manager/application-vehicles-port-drayage-v2.png?t=1672685116)
![](https://cdn11.bigcommerce.com/s-o7tw49gdyf/images/stencil/original/image-manager/application-vehicles-med-delivery.png?t=1670614504)
![](https://cdn11.bigcommerce.com/s-o7tw49gdyf/images/stencil/original/image-manager/application-vehicles-class8.png?t=1670614521)
![](https://cdn11.bigcommerce.com/s-o7tw49gdyf/images/stencil/original/image-manager/application-vehicles-utility-service-v2.png?t=1672685354)
![](https://cdn11.bigcommerce.com/s-o7tw49gdyf/images/stencil/original/image-manager/application-vehicles-school-buses-v2.png?t=1673465027)
![](https://cdn11.bigcommerce.com/s-o7tw49gdyf/images/stencil/original/image-manager/application-vehicles-hotel-shuttle-new-2.png?t=1673044959)
![](https://cdn11.bigcommerce.com/s-o7tw49gdyf/images/stencil/original/image-manager/application-vehicles-locomotive.png?t=1670615064)