The Electric Off Highway Equipment (EOHE) market is a subset of the larger Electric and Hybrid Vehicle (EHV) market. EOHE includes vehicles such as forklifts, tractors, and other industrial equipment that are powered by electric or hybrid powertrains. These vehicles are typically used in industrial, agricultural, and construction applications. EOHE offers several advantages over traditional internal combustion engine (ICE) vehicles, such as improved fuel efficiency, reduced emissions, and lower maintenance costs. Additionally, EOHE vehicles are often quieter and more reliable than their ICE counterparts. The EOHE market is expected to grow in the coming years as more companies adopt electric and hybrid vehicles for their operations. Governments around the world are also providing incentives to encourage the adoption of EOHE vehicles. Some companies in the EOHE market include Caterpillar, Komatsu, John Deere, and Volvo. Show Less Read more
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