Commercial Vehicles Segment Set to Explode in EV Industry

May 17, 2021 13:27:07

With passenger electric vehicles (“EVs”) poised to take over the roads over the next few decades, EV makers have been working tirelessly to capture a large segment of the market for themselves. Both electric vehicle startups and legacy automakers have thrown their hats into the race, and for most of them, Tesla is the one to beat. However, the commercial electric vehicle segment, which hasn’t received much attention as passenger vehicles from most carmakers, presents a major opportunity.

Commercial fleets don’t have to worry about most of the problems individual drivers face. For instance, they don’t have to worry about charging as they can all recharge from a central location, that is, wherever the fleets spend the night. And as businesses strive to meet new emissions standards, commercial fleets…

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