According to our latest research, the Global Range Prediction for Commercial EVs market size was valued at $1.2 billion in 2024 and is projected to reach $7.8 billion by 2033, expanding at a robust CAGR of 23.8% during the forecast period of 2025–2033. The primary factor driving this exceptional growth is the rapid electrification of commercial vehicle fleets worldwide, spurred by stringent emission regulations and the need for accurate, real-time range estimation to maximize operational efficiency and reduce total cost of ownership.
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