By 2030, the Western Europe heavy ground transportation vehicles market will be worth $271.5 billion. This can be attributed to the area's fast urbanization, automotive technology advancements, and commercial activity growth. Additionally, new use cases are being developed due to the push toward electrification and the development of digital technologies.
Only 1% of new registrations in Europe in 2020 were for zero-emission heavy-duty vehicles (HDVs). 95% were battery-powered, and fuel-cell electric technologies were marginally present.As a result, Europe's share of the worldwide HDV industry with no emissions in 2020 was a little under 3%. The adoption of zero-emission HDVs is anticipated to rise dramatically over the next ten years due to EU-wide laws on pollution reduction.
The region's bus business brought in nearly $8 billion in the past. The growing number of people earning middle-class wages fuels this industry's growth. Additionally, businesses have upped their R&D expenditures recently in preparation for introducing electric buses into the municipal fleets of Western European nations.
Governments support commercial fleet owners and public transportation agencies in utilizing BEBs, which are environmentally beneficial, due to their strong concern for the environment. France, the U.K., and Germany are responsible for more than 50% of all-electric buses in Western Europe.
The greatest revenue share in Western Europe was accounted for by France. With some of the most famous landmarks in the world, top-notch art and architecture, stunning scenery, and an incredible amount of history, the nation attracts tourists of all ages.
Thus, the expansion of the bus sector is due to travelers and daily commuters. To further promote the usage of electric mobility in the nation, the government also promotes the production of electric vehicles and the development of the necessary charging infrastructure.
Because they are simpler to drive and have greater power than trucks with manual transmissions, the demand for vehicles with automated gearboxes is rising quickly. A simpler system is needed for automatic transmission, enabling the engine to run more efficiently.
Furthermore, the attention of OEMs has switched to different powertrains for vehicles due to the tightening of pollution rules for heavy-duty vehicles, including Regulation (EU) 2019/1242. Consequently, commercial vehicle manufacturers in the area are creating trucks with automatic transmissions.
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