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Yahoo
5 days ago
- Yahoo
Electric Light Commercial Vehicle Market worth $116.60 billion by 2032
DELRAY BEACH, Fla., Aug. 13, 2025 /PRNewswire/ -- The electric light commercial vehicle market is projected to reach USD 116.60 billion by 2032 from USD 24.49 billion in 2025 at a CAGR of 25.0% during 2025–2032, according to a new report by MarketsandMarkets. The growth in the electric light commercial vehicle (eLCV) market can be attributed to the rising demand for efficient urban delivery and service vehicles, driven by e-commerce expansion and small business needs. Leading OEMs such as Ford (E-Transit), Stellantis (Citroën ë-Jumpy, Opel Vivaro-e), Rivian (EDV 700), and Mercedes-Benz (eSprinter) are taking strategic positions in this segment by offering purpose-built electric vans tailored for fleet operations. The integration of telematics, predictive maintenance, and route optimization technologies is contributing to a reduction in fleet operating costs by up to 20%, while also enhancing vehicle uptime. Strategic collaborations between OEMs and energy providers, including Stellantis with LG Energy Solution, Ford with SK On, and GM's BrightDrop initiative, are improving access to depot-based high-capacity charging infrastructure to support demanding commercial duty cycles. Concurrently, advancements in battery technologies, particularly modular battery packs and battery swapping systems developed by firms such as NIO and Ample, are minimizing vehicle downtime and improving operational flexibility. Emerging markets across Southeast Asia, Eastern Europe, and select countries in North America offer substantial untapped potential, supported by increasing urbanization and electric vehicle penetration levels still below 10% in many countries. Download an Illustrative overview: Browse in-depth TOC on "Electric Light Commercial Vehicle Market" 269 - Tables96 - Figures285 - Pages By vehicle type, vans are expected to hold a prominent market share during the forecast period. Switch Auto Insurance and Save Today! Great Rates and Award-Winning Service The Insurance Savings You Expect Affordable Auto Insurance, Customized for You Electric vans are a driving force in the electric light commercial vehicle market due to their suitability for urban logistics, regulatory compliance, and long-term cost efficiency. The significantly lower total cost of ownership, stemming from reduced maintenance, cheaper energy costs, and government incentives, makes electric vans especially attractive to fleet operators. Additionally, major logistics and delivery firms such as Amazon, DHL, and UPS are accelerating adoption to meet sustainability goals and benefit from operational savings. Electric vans are expected to witness an increasing demand due to lower operating costs, negligible harmful emissions, and government support. With the growing demand for electrification of mass transit and developments in battery technologies, pure electric vans were introduced to the market. OEMs are increasingly focusing on launching electric vans. For instance, in June 2025, Tata Motors launched the all-new Tata Ace Pro, heralding a transformative era in small cargo mobility. The Tata Ace Pro is India's most affordable four-wheel mini truck, delivering exceptional efficiency, unmatched versatility, and superior value. E-Transit Courier is a compact van that offers up to 300 km of range, up to 700 kg payload, and 25% more load space than the previous generation Transit Courier, enabling it to carry two Euro pallets. By GVWR, the 6,001-10,000 lbs segment is expected to hold the dominant market share during the forecast period. The 6,001–10,000 lbs GVWR holds the dominant share of the electric light commercial vehicle market and has witnessed steady adoption growth over the past four to five years, driven by early pilot deployments, maturing EV supply chains, and falling battery costs that have enhanced vehicle affordability and operational viability for fleets. The market is driven by the rising demand for electric light commercial vehicles that offer a balance between payload capacity and operational efficiency. This category includes popular models such as the Ford E-Transit, Rivian EDV 700, Bollinger B2 Chassis Cab, BrightDrop Zevo 600, and Mercedes-Benz eSprinter (long wheelbase variants), which are widely used by logistics companies, utility service providers, and urban freight operators. The 6,001–10,000 lbs segment of the electric light commercial vehicle market is primarily driven by the increasing fleet electrification efforts of last-mile logistics companies seeking to comply with stricter emission regulations and reduce operating costs. For example, Ryder System's June 2024 order of 200 BrightDrop Zevo 600 electric vans for its North American fleet, citing strong demand from e-commerce and retail clients for sustainable deliveries. The payload capacity and driving range offered by vehicles in this segment make them ideal for urban and regional logistics, especially where city access regulations favor zero-emission commercial vehicles. Europe is projected to be the fastest-growing market during the forecast period. In Europe, strategic partnerships between OEMs and energy companies are driving the rollout of charging infrastructure tailored for commercial fleets, including depot-based and fast-charging hubs across key logistics corridors. Further, the growth of e-commerce is also pushing demand for eLCVs in parcel delivery and urban logistics. The market is gradually shifting toward mid-sized and large electric vans capable of 100–200 miles of range and over 1,000 kg payload, which aligns with the operational needs of fleet managers. Furthermore, leasing and battery-as-a-service models are gaining traction, helping to reduce the upfront cost burden for small and medium enterprises (SMEs). The UK is the leading country with the largest market share in the region. Electric vans dominate the UK electric light commercial vehicle market. For instance, British Gas placed one of the UK's largest commercial EV orders, deploying around 1,000 Vauxhall Vivaro-e vans. As of May 2025, Royal Mail operates the UK's largest electric delivery fleet with approximately 7,000 electric vans, including a recent order of 2,100 Stellantis EVs (1,100 Peugeot E-Partner and 1,000 E-Expert vans), in addition to nearly 8,000 Ford E-Transit vans to accelerate its decarbonization strategy. These vehicles are favored for their compatibility with urban low-emission zones and expanding last-mile delivery needs. The E-Transit, in particular, has gained traction due to Ford's established dealer network and service support, while the Vivaro-e benefits from Stellantis' competitive fleet pricing and government-backed grants. Further, Kia is steadily entering the UK electric light commercial vehicle market, with its first dedicated electric van, the Kia PV5, expected to debut in 2025 as part of its Purpose-Built Vehicle (PBV) lineup. The uptake is especially visible in London, where congestion charges and ULEZ regulations have accelerated fleet electrification. Key Market Players of Electric Light Commercial Vehicle Industry: Prominent players in the Electric Light Commercial Vehicle Companies include Wuling Motors Holdings Limited. (China), Ford Motor Company (US), General Motors (US), Stellantis NV (Netherlands), and Renault (France). Get 10% Free Customization on this Report: This report provides insights on: Analysis of key drivers (cost optimization in EV batteries enhancing profitability and adoption, Escalating fossil fuel costs driving energy transition, Surging demand for zero-emission eLVCs reshaping logistics operations, government initiatives promoting eLCV adoption), restraints (inadequate charging infrastructure and persistent range anxiety hindering market adoption, exposure to supply chain disruptions), opportunities (battery leasing and mobility-as-a-service (MaaS) models, development of wireless EV charging technology for on-the-go charging), and challenges (lack of standardization in charging protocols, low availability of lithium for EV batteries) influencing the growth of the electric light commercial vehicle market Product Development/Innovation: Detailed insights into upcoming technologies and research & development activities in the electric light commercial vehicle market Market Development: Comprehensive information about lucrative markets (the report analyses the electric light commercial vehicle market across varied regions) Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the electric light commercial vehicle market Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, such as Wuling Motors Holdings Limited. (China), Ford Motor Company (US), General Motors (US), Stellantis NV (Netherlands), and Renault (France), in the electric light commercial vehicle market. Related Reports: Wireless Charging Market Electric Vehicle Market Electric Commercial Vehicle Market Electric Truck Market Get access to the latest updates on Electric Light Commercial Vehicle Companies and Electric Light Commercial Vehicle Industry Growth About MarketsandMarkets™: MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
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Travel + Leisure
09-08-2025
- Travel + Leisure
I'm an Atheist—but Going to Mass at the Sagrada Família Changed My Life Forever
From its inception, the Barcelona trip I took in March 2025 felt antithetical to who I am as a person (that is, type A). My friends and I booked everything the week of, dropping a few hundred euros on an Airbnb and budget plane tickets from Paris, where we were living at the time. Other than those essentials, we planned nothing for our weekend, eschewing my usual detailed itineraries for some level of slightly uncomfortable spontaneity. At this point, it was much too late to book tickets to any of the top attractions; Parc Güell, the Picasso Museum, and Sagrada Família were all sold out. All the same, we decided to wing it. The Friday morning of our trip, I sacrificed six of my precious eight hours of sleep to take a 3 a.m. Uber to Paris Orly Airport. By 10 a.m., my two friends and I were in the heart of Barcelona, where we'd be for the next 50 hours. The first day was long, hot, and exhausting. Running on about two hours of sleep with our huge, mildly dorky backpacks in tow, we hiked up Montjuïc hill; spent a few hours in the Joan Miró Foundation; and took a long, winding journey back down (albeit with spectacular views). When it was finally time to check in to our Airbnb, we struggled deeply with the janky lock, but the fight was ameliorated by a delicious meal of black paella at Restaurant Palermo. Afterward, I was more than ready to turn in for the night. My friends, however, were determined to see the Basílica de la Sagrada Família—so, outvoted, along I went. Walking through the Jardins de Laribal in Barcelona. Angela Lian/Travel + Leisure Construction on Sagrada Família began almost a century and a half ago, in 1882. Catalan modernist architect Antoni Gaudí took over its design the next year, and from 1914 until he passed away, it was his only project. The church, easily distinguishable by Gaudí's signature nature-inspired style, is still under construction—a project that has taken over 140 years to complete—but it's set to be done in 2026, the centennial of his death. When I visited, Sagrada Família was missing its tallest central spire, the tower of Jesus Christ. And yet, it was still a formidable sight: a stone behemoth in ivory and beige, impossibly intricate, breathtakingly tall. Honestly, American churches had never interested me. But the Gothic, stately, exponentially older European church was a different beast—and Sagrada Família was in league of its own. That night, we spent an hour walking around the entirety of the church, breathing it in, letting the unanticipated cold seep past our inadequate layers. Despite our best efforts, pictures captured nothing. We began in front of the Passion façade, a skeletal, shadowy construction centered on the cross and, just under it, the crucifixion scene. Then, after walking around the unfinished Glory façade, we reached Nativity. The exterior of La Sagrada Familia and a pitcher of sangria. Angela Lian/Travel + Leisure This side of Sagrada Família was darker, rounder—as if stained and eroded with time. With rippling shapes and mosslike florals, it's ornate, organic, and acutely Gaudían. We spent most of that hour in front of the Nativity façade: three upward-tilted chins, six unblinking eyes. As a lifelong atheist, I was mostly ignorant of the stories behind the biblical imagery on each of the church's sides, yet their raw, historic power struck me all the same. The unfinished nature of Sagrada Família only added to its effect. After all, there I was, witnessing something great in the long process of being made. We knew we wanted to go inside. But the question was, how do we actually do that? Standard tickets were long gone and last-minute tours were far too pricey for our college student budgets. After a bit of digging, we found a possibility. Every Saturday at 8 p.m., Sagrada Família holds an international Mass. All are welcome, and it's free. (There's also Mass on Sunday mornings, but we had a plane to catch.) Frankly, I didn't care much about the Mass aspect of it all. I just thought the outside was stunning and wanted to see the much-talked-about interior before leaving Barcelona. So, the next day, the three of us made our way to Mass. The plan wasn't set in stone. That night after our exterior tour of the church, we had a sangria-fueled late night out, naturally. Then on the day of, we took ourselves on an extensive walk through the Parc de la Ciutadella to Somorrostro Beach, where we sat for probably too long (entirely inappropriately dressed for the beach—I, for one, was in a black leather jacket and jeans, and none of us had brought sunscreen). Ultimately, we agreed that it would be okay if we did not have time for the Mass that night. But at the last minute, we decided to hop on the metro and try. In the end, we made it just in time and were among the last to be let inside. Angela and friends at Somorrostro Beach. Angela Lian/Travel + Leisure Before studying abroad in Europe, I had been in a church maybe two or three times in my life. My childhood best friend went to the local Methodist church, a nondescript, one-story white building on the road adjacent to my suburban Pennsylvania neighborhood. I had attended with her a couple of times, for some event or the other, and it hadn't left much of an impression on me. Growing up, the closest I ever really got to spirituality was visiting temples and burning incense on trips to China, or perhaps sporadically trying to meditate at various points in high school. But when I walked into this church, for the first time, I began to feel like I understood what it meant, yet I wasn't quite able to place a finger on what 'it' was. The interior was somehow more impressive than the façades. It spiraled upwards, with deceptively simple, tree-like columns and dizzyingly high ceilings. It felt like an enchanted forest of white stone, all warm lights and arches and rainbow-dappled glass, not a right angle to be found. I had the sense that the basilica was growing, and I with it. As we took it in from our folding seats, heads raised, lips parted, a hush fell over the crowd, and Mass began. To be honest, half the time, I had little to no clue what was going on. Some parts were spoken in English and French, but many elements of the Mass were in other languages, too. Add on the fact that I didn't have much foundational knowledge of the story being told to begin with—which, as my friend later told me, was of the parable of the prodigal son. But it was enough to simply exist inside the church, in a space that extended so far above and around us and seemed to buzz with tangible energy. Fifteen, 30, 45 minutes in, several groups of tourists got up and left. They, like us, probably just wanted to get inside for free—but we stayed glued the whole way through. We strained to hear speaking and singing in languages we couldn't understand, turned to greet our stranger-neighbors from different countries, and stood to watch a Eucharist we couldn't take part in. It wasn't how I pictured spending my last night in Barcelona. It wasn't something I'd pictured ever doing at all. I've always sought completeness, definitive knowledge, rigid structure. But that night, surrounded by a collective longing for faith and connection, I let it take me—the beauty of something unfinished, unanswered; the ever-unfolding realization of a centuries-old design. An hour later, it was dark outside, but inside—where we'd spent our whole lives, it seemed—the shadows glowed amber. Under the canopy of living stone, Mass ended. And so we went forth.
Yahoo
09-08-2025
- Yahoo
Tripadvisor (TRIP) Jumps to New High as Earnings Impress, Analysts Go Bullish
We recently published . Tripadvisor, Inc. (NASDAQ:TRIP) is one of the best-performing stocks on Friday. Tripadvisor touched a new all-time high on Friday as investors gobbled up shares following an impressive earnings performance and two analysts' reaffirmation of their bullish stance on the stock. In intra-day trading, Tripadvisor, Inc. (NASDAQ:TRIP) rallied to its highest 52-week price of $19.26 before paring gains to end the day just up by 11.68 percent at $17.97. Copyright: dolgachov / 123RF Stock Photo This followed a strong performance in the second quarter of the year, after GAAP net income increased by 49 percent to $36 million from $24 million in the same period last year, while total revenues rose by 7 percent to $529 million from $497 million year-on-year. In the first half, Tripadvisor, Inc. (NASDAQ:TRIP) swung to a net profit of $25 million from a $35 million net loss in the same period last year. Revenues inched up by 3.9 percent to $927 million from $892 million. Following the results, Tripadvisor, Inc. (NASDAQ:TRIP) earned a price target of $20 from both Bernstein and Wedbush. Bernstein maintained its 'outperform' rating, while Wedbush kept its 'neutral' stance on the stock. While we acknowledge the potential of TRIP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
