On-Board Charger Market Report and Industry Size, 2019-2029

Commercial vehicles are used for the purpose of transporting goods or fare-paying passengers (commuting passengers from one location to another). In the European Union, the European Commission, a commercial vehicle is defined as any motor vehicle that is used for transporting more than nine people and transporting goods and standard fuel tanks, whether it is for payment or not.

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However, in the U.S., a commercial vehicle is decided on several parameters such as vehicles belonging to a company or corporation, vehicles being owned by a sole proprietor but being used for business, leased vehicle owned by a financial institution, vehicles exceeding a selected weight and class, or vehicles being used to carry any hazardous material. Some of the examples of commercial vehicles are trucks, box trucks, semi-trailer trucks, vans, buses, coaches, trailers, heavy equipment (in mining, construction, farming), travel trailers over XX pounds, and taxis.

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As the EV technology is becoming feasible to commercial vehicle manufacturers, the concept of battery electric trucks is being commercialized. However, diesel is expected to be dominant as a primary fuel, particularly for long haul operations. The early models are anticipated to be designed for short haul applications such as urban pickup and delivery, port drayage, and refuse truck. Although, the all-electric commercial vehicle have zero emissions, they face challenges like inadequate charging infrastructure and long charging times.

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