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Rueben Scriven Author
Senior Analyst - UK
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rueben.scriven@interactanalysis.com
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With a background in computational biology, Rueben Scriven joined Interact Analysis two years ago and leads the warehouse automation and on-highway commercial vehicle research areas. Rueben has spoken at some of the leading industry events and moderated several panel discussions on the topic of commercial vehicle electrification. He’s also appeared on CNBC to provide insight on the global electric bus market.

 

“Despite the Covid-19 outbreak making 2020 a phenomenally difficult year for the commercial vehicle market, the uptake of electrified vehicles continues at pace and we expect the next 5 years to see marked growth in almost every market and vehicle application type.”

Covid-19 has had a major impact on the market but a strong recovery and strong growth is forecast for electrified powertrains. Along with the announcement from China in regards to their future electric vehicle policy, Interact Analysis have prepared a credible, detailed and fully researched report of the market which would be an asset to any business plan.

Full Description

For the last 2 years, Interact Analysis have been developing a rigorous forecasting methodology for commercial vehicles electrification.

Using a TCO model to compare the advantage of electric commercial vehicles to diesel vehicles along with well modelled forecasts and transparent assumptions, they have been able to produce detailed forecasts on the market up to the year 2026.

With just under 5,000 individual market forecasts and just over 50 market share tables, this report provides the most comprehensive assessment of the global electrified commercial vehicle market.

 

Objective

To produce an accurate and up to date report on market sizes, prices, volumes for hybrid and electric trucks and buses technology.

Key Findings

  • There were 20 million registrations in 2019 for the global commercial vehicle market.
  • It is predicted that there will be over 2.5 million annual registrations of electrified powertrains by 2030, mainly from China, US, Germany, France and the UK.
  • Long term CAGR growth from 2021 for the overall market is predicted at 2%
  • Major growth opportunities exist in electrification to exceed 20% in the long term

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Posted by Rueben Scriven

Graduating from Durham University with a first-class degree in Biochemistry, Rueben is leveraging his background in science and computer modelling by joining our growing analyst team.

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