The commercial vehicle industry is at the cusp of a major transformation that will change the dynamics of the supply chain and logistics industry. Frost & Sullivan has examined the top 10 CV developments that will have the highest impact on the commercial vehicle sector in the upcoming years. The CASE (connected, autonomous, safe, and electric) strategy will continue to hold center stage, but within that overall strategy, Frost & Sullivan has highlighted key developments that will play out by 2023 with real-life use case examples. Even with the short-term energy crisis on global segments, the push towards zero-emission vehicles will continue to be paramount across all CV OEMs to achieve their long-term carbon emission goals.
• 2023 could see key electric vehicle launches and large customers executing orders to make their fleet emission-free.
• To support the large addition of EVs on the ground, the investment and setup of charging infrastructure will grow, and Frost & Sullivan expects the spree of mergers and acquisitions in this industry to continue throughout 2023 to expand the charging infrastructure and build on core capabilities quickly.
• Within the EV truck sector, batteries will evolve rapidly with newer energy-efficient and cost-effective chemistries, gaining acceptance and driving a major shift toward LFP chemistry starting in 2023.
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