Commercial Vehicle & Transportation

POWER UP

GLOBAL COMMERCIAL ELECTRIC VEHICLE MARKETS TO 2040

For businesses working to understand the future of the electric medium and heavy-duty vehicles, ACT Research has developed a breakthrough report that aggregates and examines propulsion systems development of battery and fuel cell electric powertrains, government regulations and subsidies, electric and hydrogen supply and infrastructure as well as a total-cost-of-ownership model of 85 unique vehicle applications across 7 regions and more than 20 countries thru 2040.

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Powering Up Tomorrow

Standardizing information on commercial vehicles around the world is a challenge. Not only that, but there is a lack of industry-wide understanding, standardization, and aggregation of battery and fuel cell electric commercial vehicle technology resources, unit economic driven total-cost-of-ownership (TCO) model, and adoption rate forecasts across global medium and heavy-duty vehicles.

How do you quantify the Total Addressable Market (TAM) for the global medium and heavy-duty commercial vehicle market?

Where can you find a deep dive into the various technology models and adoption by application?

What about the vast infrastructure development impact, timeline, and potential updates and impact on adoption across various global markets?

Or, how about having global government subsidies and incentives collected and organized into one document for ease of use and comparison across your key markets?

Not to mention looking for an industry-recognized, independent forecast for investor credibility, fleet payback, and pricing advantages taking that bring together the cost factors from around the world.

The global commercial vehicle market is in need of a one-stop resource that collects and analyzes all the relevant and necessary information on propulsion system technology, battery, and fuel cell technology, charging, and infrastructure, global government regulations, and subsidies, while also taking a deep dive into technology adoption and long-term strategic forecasting by duty cycle across medium and heavy-duty commercial vehicles around the world.

At ACT Research, we’ve worked with commercial vehicle OEMs, suppliers, new entrant technology suppliers, fleets, dealers, and financial firms for more than 30 years providing award-winning market data, industry analysis, and forecasting services. What’s more, we’ve performed several in-depth analyses of various alternative powertrains, starting with natural gas in the early 2010s. By bringing more than 300 years of collective transportation market experience to the project, we realized that we are the ideal company with the understanding, skill, and expertise to provide actionable intelligence for global businesses planning, preparing, and budgeting for what lies around the curve.

Is your business working to figure out that applications make sense for adoption now?

Or, what global regions to allocate funds for development?

Need an independent TCO analysis?

Or, do you just want all the information on global infrastructure, charging, battery, and fuel cell technology in one place?

For businesses working to understand the future of worldwide medium and heavy-duty electric vehicles, ACT Research has developed a groundbreaking report that gathers and evaluates propulsion systems evolution of battery and fuel cell electric, global government regulations and subsidies, electric and hydrogen supply, and infrastructure as well as a total-cost-of-ownership model of 85 unique vehicle applications around the world thru 2040.

That’s why ACT Research has developed POWER UP, an economic-driven, bottoms-up analysis of the global battery and fuel cell electric vehicle market; a one-stop resource combining first-hand industry knowledge of battery and fuel cell commercial electric vehicle market leaders with ACT’s expertise in analysis and forecasting to provide a first-of-its-kind global business planning tool. By collaborating with nearly 40 of the leaders in battery and fuel cell technology for global medium and heavy-duty commercial vehicles, ACT Research has developed an extensive and highly-regarded report analyzing and forecasting adoption rates of 85 unique vehicle applications across 7 regions and more than 20 countries thru 2040. Recognized as the leader in commercial vehicle demand forecasting, ACT Research has developed and aggregated information from, around the world on propulsion systems technology development covering battery and fuel cell electric powertrains, global government regulations and subsidies, regional electric and hydrogen supply and infrastructure, and crafted a total-cost-of-ownership model complete with three scenarios (base, slow, fast adoption) that are regarded by new and legacy OEMs, Tier 1 & 2 Suppliers, investment firms, and fleets as the best in the market.

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Powering Up The Globe

This report takes a deep dive into eight areas, including economic assumptions, propulsion systems technology, battery technology, fuel cell technology, government regulations and subsidies, electric supply and charging infrastructure, hydrogen fueling and infrastructure, providing context to our assumptions in our total-cost-of-ownership (TCO) model.

Economic Assumptions – Utilize ACT’s award-winning economic forecasts so you can understand the macro perspective of the global economy and its impact on commercial vehicle production.

Propulsion Systems Technology – An aggregation and comparison of the benefits and challenges of battery and fuel cell electric power against diesel powertrain vehicles so you can monitor and assess the technology opportunities and challenges of each propulsion type in each of the 7 global regions covered in this work.

Battery Technology – Understand the current and future trends of battery technology including energy density, reliability, and cycle life so you can understand how the adoption of battery technology may be impacted by emerging trends.

Fuel Cell Technology – With insights into the current challenges and opportunities of fuel cell technology, comparisons of region-specific diesel powers and battery electric vehicles, as well as future trends in fuel cell development, this section will help provide an in-depth exploration of fuel cell technology and it’s the path to adoption.

Government: Regulations & Subsidies – A detailed list of net-zero targets, pledges, timelines, and incentives from each of the more than 20 countries that are driving electric vehicle adoption by governments so you can identify opportunities and keep information on changes.

Electric Supply & Charging Infrastructure – Will there be enough electricity generating capacity to serve the incremental demand for commercial vehicle charging and will it come from “green” sources? This section will collect and summarize the data on capacity from around the world, as well as the considerations of carbon emissions, grid reliability to address these questions, and more.

Hydrogen Supply & Fueling Infrastructure – A summary of current global hydrogen initiatives, global collaborations, and a review of hydrogen applications, production, and fuel infrastructure so you can weigh the economic benefits lined-out in our analysis.

Total Cost-of-Ownership – This TCO model drives the calculations for market share adoption, based on economic considerations of a more favorable TCO versus the incumbent diesel ICE powertrains, coupled with an investment payback period so you can have a method consistent with considerations of a commercial vehicle buyer when making investment decisions to purchase or lease. Included is a base, slow, and fast case scenario of each of the 85 unique vehicle applications for all regions and countries.

Build & Unit Sale Forecast 2022-2030, 2035, 2040

 

  • HD Regional Truckload
  • HD Local Truckload
  • HD Long-Haul Truckload
  • HD Less-Than-Truckload Line Haul
  • Long-Haul Transit Bus
  • Inner-City Transit Bus
  • Straight Truck, Refuse Hauler
  • Terminal Tractor/Yard Spotter
  • HD Straight Truck/Construction
  • MH Local/Urban Delivery Box Truck
  • School Bus
  • MD Less-Than-Truckload, Pickup & Delivery
  • MD Refrigerated Box Truck
  • MD Utility Aerial Lift Truck
  • MD Beverage Truck
  • MD Urban Parcel Delivery Truck, Short-Range
  • MD Service/Utility/Work Truck
Custom base, slow, and fast case TCO Analysis of 7 regions, 23 countries, and 85 unique vehicle applications

Diesel + Battery Electric + Fuel Cell Electric comparisons by segment and application

  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
  • Europe
    • Germany
    • France
    • Netherlands
    • Baltic Countries
    • Scandinavian Countries
    • United Kingdom
    • Italy
    • Spain
    • Poland
    • Turkey
    • All Others
  • South America
    • Brazil
  • North America
    • Canada
    • United States

“It’s fabulous. The information you’ll get out of that (ACT’s North American CEV Study) saves you the time it would take to gather it all yourself. We get a lot of information suppliers and OEM partners. . . [ACT was] able to bring it all together as well as add additional richness to it, so I would highly recommend you look to get it.”

Paul Rosa

SVP Procurement & Fleet Planning

Global Strategic Business Planning

What is strategic business intelligence from an industry expert worth to your business? Companies often pay five or six figures for custom project work, benefiting from and using our forecasts and insights for strategic planning, preparing, and budgeting. That’s why we’ve developed POWER UP: Global Commercial Vehicle Markets to 2040, to bring together ACT’s industry expertise with first-hand knowledge from nearly 40 commercial battery and fuel cell electric vehicle players for the cost of $50,000, saving you time and money, without sacrificing quality, valuable information.

How can you join the nearly 40 businesses that have supported the development of this groundbreaking report? We invite your organization to join ACT Research in furthering this research as we look to develop the second edition of POWER UP in 2023. Join now to become a multi-client participant for the second edition of the report and you’ll receive 30% off the final results (published in 2023) plus our current findings at no additional cost upon sign-up. Join before February 15, 2023, to receive both editions of the study along with your 30% discount.

The transportation industry is powering up to transition to electric vehicles, but there are still unanswered questions regarding global infrastructure, electric capacity and supply, duty cycles, and payback. That’s why we created this report, to provide guidance for strategic global business planning over the next 20 years. For a limited time, we’re inviting you to work with battery and fuel cell electric vehicle OEMs, suppliers, infrastructure suppliers, fleets, and more to continue to provide actionable intelligence with our second edition of POWER UP.

You’ll gain access starting with a kick-off call, followed by delivery of the POWER UP report and TCO models for review. Next, a review call will be scheduled to address any questions and review our assumptions. Then, we’ll review our Onboarding Questionnaire and recap the response in a follow-up call. Delivery of the third edition will be completed and presented in 2023.

Kick-Off Call – The goal is to make introductions to define roles on both sides of the partnership. In addition, understanding the objectives and needs of the participants, as well as those of ACT Research and the result of the end product is necessary to ensure all parties are on the same page. Finally, the next steps are addressed and outlined, including an overview of the Onboarding Questionnaire. Once the kick-off call is completed, the report deliverables (PDF analysis document, excel TCO models, and executive summary PPTX) will be delivered via email.

Onboarding Questionnaire – This document is a standardized list of more than 40 questions for all participants to review and address. Through responses, the research team at ACT is armed with additional data points to better refine and develop the TCO model. A follow-up call to review the questions (replies accepted in both written and oral form), dig into details, and add context to the results is a key aspect of this process.

Initial TCO Call – On a call approximately one to three weeks after the Onboarding Questionnaire follow-up, the ACT team will review the model and how it has been developed. At this time we encourage questions and challenge the assumptions that will then be taken into consideration when revising the model.

Intermediate Updates – Once the TCO call is completed, our team will reach out for follow-ups and questions on an intermediate basis as they discuss items with other participants and continue to develop the model.

Preliminary Report – A timetable has yet to be established, but roughly 45 days prior to publishing the third edition of the report, the ACT team will deliver a preliminary document for review by all participants. The preliminary document will include an analysis document, digging into the total available market, regulations, infrastructure, safety, insurance, and detailed TCO analysis by application, as well as the TCO models reviewing the base, slow, and fast adoption rates scenarios. We ask for review and feedback on the preliminary findings via a video call.

Final Report – Again, nearly 45 days post preliminary feedback, ACT Research will present the final report via email as a zip file with the PDF analysis document, three excel TCO models, as well as an executive summary PPTX. At this time, we’ll request a date for the executive summary call with our research team to review the findings and address any questions you may have.

If you’re in need of quality, industry insights, and strategic intelligence from an industry expert on the future of global medium and heavy-duty battery and fuel cell electrification, then act now. Complete the form below to get started working with the ACT Research team. Or, do you have more questions and want to talk through the report with a member of our team? Then fill out the form below to schedule a call. The deadline for additional multi-client participants is February 15, 2023. Don’t miss your opportunity to take advantage of working with the expert team at ACT Research, provide input into this ground-breaking work, receive a 30% discount on the final report, and get a jump start with our initial TCO analysis. Join us in our continuous effort to better understand and anticipate the path to power up.