The demand for new and innovative commercial vehicles has been greatly fueled by tightening rules on vehicle emissions, improvements in vehicle safety, the advent of driver-assist systems in cars, and the explosive growth of logistics in the retail and e-commerce sectors. Given the expansion of the logistics and e-commerce sectors, there will certainly be a rise in the demand for LCVs.
The Light Commercial Vehicle Market (LCVs) is expanding as a result of the creation of new retail and e-commerce platforms that demand effective logistics due to rising urbanisation. Due to major corporations adopting electric vehicles more quickly, the shift to electric mobility is leading to a rise in demand for light commercial vehicles. In collaboration with other significant businesses, large manufacturers are also providing a number of items to help transition the bulk of current engine-powered light commercial vehicles to electric over the predicted period.
Read the Press Release of Light Commercial Vehicle Market
Read More- https://cmi-latestreportorientedblogs.blogspot.com/2022/12/light-commercial-vehicle-market.html
