Heavy duty electric land vehicles

Abstract:
There are about 250 manufacturers of heavy industrial vehicles worldwide but most do not make EVs. Between them they will make about 700,000 of these vehicles in 2010. Most participants have under $20 million sales yearly. Mid-sized companies have largely vanished in line with marketing theory for maturing markets. This industry was characterised by a dash for market leadership as the market matured, with frequent purchases of competitors. Many participants seek global reach with manufacturing in major markets. Some promote a global brand to support this. Others diffuse their image over many brand names and even have competing subsidiaries. Some specialise in the largest or the smallest machines, in ICE or EV power. By 2015, the demand for heavy industrial electric vehicles will be comparable to that for light industrial/commercial electric vehicles as shown below.

By Dr Peter Harrop, IDTechEx

Heavy duty electric land vehicles

Cambridge, MA | Posted on October 25th, 2010Global market value for heavy industrial electric vehicles vs light industrial/commercial electric vehicles in 2015

Source IDTechEx report, "Electric Vehicles 2010-2020"