Product Code: PG1R-42
Incentives Targeting the Adoption of Electric Trucks, Buses, and Light Commercial Vehicles Set to Increase Growth Potential
Incentives to purchase electric light commercial vehicles (LCVs), trucks, and buses-such as subsidies, tax cuts, or even penalties on internal combustion engine (ICE) vehicles-can significantly make electric vehicles (EVs) attractive to fleets by considerably lowering the acquisition cost. Incentives also give original equipment manufacturers (OEMs) producing EVs a boost to invest more in the EV ecosystem to increase their production scale, which eventually will contribute to lower costs.
Fleets need to consider the total cost of ownership when acquiring alternative powertrain vehicles. They must pursue incentives that will bring down costs even further. Supplier-side credits and carbon taxes on OEMs will be key drivers in increasing the production of clean energy vehicles, especially commercial vehicles that make up the majority of carbon emissions in the transportation industry.
Government-issued incentives to establish EV charging infrastructure will support the expansion and scaling of both public and depot-based charging, as well as the proliferation of EVs. Setting up charging infrastructure involves a greater ecosystem comprised of diverse players, including charging equipment manufacturers, charge point operators, fleet and charging software companies, and energy utilities.
Fleets are more incentivized to adopt electric LCVs, trucks, and buses when they have added support to set up charging infrastructure. A lot of OEMs are also offering additional services on this front by linking up with charging equipment manufacturers and utility companies. Many new companies have entered the electric charging infrastructure space, either through equipment or software, which increases the scope of participation and value created.
The study period is 2024-2035, with 2024 as the base year and 2025-2035 as the forecast period. Market segments analyzed are medium and heavy-duty (MD/HD) trucks with a gross vehicle weight rating (GVWR) >6 tonnes (t), buses with a GVWR >6 t, and LCVs with a GVWR <6 t. Regions covered include Europe, North America, China, India, ASEAN, and Latin America.
Table of Contents
Strategic Imperatives
- Why is it Increasingly Difficult to Grow?
- The Strategic Imperative 8
- The Impact of the Top 3 Strategic Imperatives on the Electric Commercial Vehicle Industry
Scope and Segmentation
- Research Scope
- Segmentation
Overview of Incentives and Taxation Benefits: France
- EV Incentives and Taxation-France
- EV Infrastructure Incentives-France
Overview of Incentives and Taxation Benefits: Germany
- EV Incentives and Taxation-Germany
- EV Infrastructure Incentives-Germany
Overview of Incentives and Taxation Benefits: Italy
- EV Incentives and Taxation-Italy
- EV Infrastructure Incentives-Italy
Overview of Incentives and Taxation Benefits: Spain
- EV Incentives and Taxation-Spain
- EV Infrastructure Incentives-Spain
Overview of Incentives and Taxation Benefits: United Kingdom
- EV Incentives and Taxation-United Kingdom
- EV Infrastructure Incentives-United Kingdom
Overview of Incentives and Taxation Benefits: Norway
- EV Incentives and Taxation-Norway
- EV Infrastructure Incentives-Norway
Overview of Incentives and Taxation Benefits: Netherlands
- EV Incentives and Taxation-Netherlands
- EV Infrastructure Incentives-Netherlands
Overview of Incentives and Taxation Benefits: Belgium
- EV Incentives and Taxation-Belgium
- EV Infrastructure Incentives-Belgium
Overview of Incentives and Taxation Benefits: Poland
- EV Incentives and Taxation-Poland
- EV Infrastructure Incentives-Poland
Overview of Incentives and Taxation Benefits: Denmark
- EV Incentives and Taxation-Denmark
- EV Infrastructure Incentives-Denmark
Overview of Incentives and Taxation Benefits: Switzerland
- EV Incentives and Taxation-Switzerland
- EV Infrastructure Incentives-Switzerland
Overview of Incentives and Taxation Benefits: Finland
- EV Incentives and Taxation-Finland
- EV Infrastructure Incentives-Finland
Overview of Incentives and Taxation Benefits: Austria
- EV Incentives and Taxation-Austria
- EV Infrastructure Incentives-Austria
Overview of Incentives and Taxation Benefits: Croatia
- EV Incentives and Taxation-Croatia
- EV Infrastructure Incentives-Croatia
Overview of Incentives and Taxation Benefits: Czechia
- EV Incentives and Taxation-Czechia
- EV Infrastructure Incentives-Czechia
Overview of Incentives and Taxation Benefits: Greece
- EV Incentives and Taxation-Greece
- EV Infrastructure Incentives-Greece
Overview of Incentives and Taxation Benefits: Hungary
- EV Incentives and Taxation-Hungary
- EV Infrastructure Incentives-Hungary
Overview of Incentives and Taxation Benefits: Ireland
- EV Incentives and Taxation-Ireland
- EV Infrastructure Incentives-Ireland
Overview of Incentives and Taxation Benefits: Slovenia
- EV Incentives and Taxation-Slovenia
- EV Infrastructure Incentives-Slovenia
Overview of Incentives and Taxation Benefits: Iceland
- EV Incentives and Taxation-Iceland
- EV Infrastructure Incentives-Iceland
Overview of Incentives and Taxation Benefits: United States
- EV Incentives and Taxation-United States
- EV Infrastructure Incentives-United States
Overview of Incentives and Taxation Benefits: Canada
- EV Incentives and Taxation-Canada
- EV Infrastructure Incentives-Canada
Overview of Incentives and Taxation Benefits: China
- EV Incentives and Taxation-China
- EV Infrastructure Incentives-China
Overview of Incentives and Taxation Benefits: India
- EV Incentives and Taxation-India
- EV Infrastructure Incentives-India
Overview of Incentives and Taxation Benefits: Malaysia
- EV Incentives and Taxation-Malaysia
- EV Infrastructure Incentives-Malaysia
Overview of Incentives and Taxation Benefits: Thailand
- EV Incentives and Taxation-Thailand
- EV Infrastructure Incentives-Thailand
Overview of Incentives and Taxation Benefits: Philippines
- EV Incentives and Taxation-Philippines
- EV Infrastructure Incentives-Philippines
Overview of Incentives and Taxation Benefits: Indonesia
- EV Incentives and Taxation-Indonesia
- EV Infrastructure Incentives-Indonesia
Overview of Incentives and Taxation Benefits: Vietnam
- EV Incentives and Taxation-Vietnam
- EV Infrastructure Incentives-Vietnam
Overview of Incentives and Taxation Benefits: Singapore
- EV Incentives and Taxation-Singapore
- EV Infrastructure Incentives-Singapore
Overview of Incentives and Taxation Benefits: Mexico
- EV Incentives and Taxation-Mexico
- EV Infrastructure Incentives-Mexico
Overview of Incentives and Taxation Benefits: Brazil
- EV Incentives and Taxation-Brazil
- EV Infrastructure Incentives-Brazil
Overview of Incentives and Taxation Benefits: Chile
- EV Incentives and Taxation-Chile
- EV Infrastructure Incentives-Chile
Overview of Incentives and Taxation Benefits: Argentina
- EV Incentives and Taxation-Argentina
- EV Infrastructure Incentives-Argentina
Overview of Incentives and Taxation Benefits: Colombia
- EV Incentives and Taxation-Colombia
Growth Opportunity Universe
- Growth Opportunity 1: Incentives to Improve EV Affordability
- Growth Opportunity 2: Incentives to Increase Charging Infrastructure
- Growth Opportunity 3: Government Mandates and Corporate Goals Expedite Electric Powertrain Adoption
Appendix & Next Steps
- Benefits and Impacts of Growth Opportunities
- Next Steps
- Legal Disclaimer