This post was originally published on this site
https://i-invdn-com.investing.com/news/LYNXNPEC0E0NG_M.jpg
Noteworthy progress in COVID-19 vaccination programs worldwide, and favorable fiscal and monetary policies, should boost the demand further. Moreover, the rising popularity of electric vehicles (EVs) and substantial government incentives to encourage growth in the sector have led to increased production of electric commercial trucks. According to Adroit Market Research, the global heavy-duty trucks market size is expected to grow to $225.9 billion in 2025.
Given this backdrop, we think the shares of prominent commercial truck manufacturers Volvo ADR (VLVLY), Cummins Inc . (NYSE:CMI) and PACCAR Inc (NASDAQ:PCAR) should deliver significant returns.
