More than half of new utes to be electric by 2030: BCG report

AutoExec Summary
Electricity is expected to surpass diesel in the Australian ute market by 2030, with more than half of all light commercial vehicles to be electric by the end of the decade. The Boston Consulting Group’s report, “The Future of Buses and Light Commercial Vehicles Is Electric,” predicts buses will switch almost entirely to electric by 2030, with 95 percent of transit buses, 80 percent of school buses, and 55 percent of coaches being electrified. The report also forecasts that 55 percent of all LCVs sold in 2030 will be electric. While there are currently no electric utes or vans on the market, several brands are working on electric vehicles, and EV conversions from diesel to electric could provide an early glimpse of electric-powered utes. Brands mentioned: Toyota, LDV, Ford, Volkswagen, Chevrolet, Rivian, Tesla.