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Electric Truck Market by Propulsion (BEV, PHEV, FCEV), Type (Light-duty Trucks, Medium-duty Trucks, Heavy-duty Trucks), Range, Battery Type, Battery Capacity, Level of Automation, End User, Payload Capacity, and Region - Global Forecast to 2032

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    Report

  • 301 Pages
  • June 2025
  • Region: Global
  • Markets and Markets
  • ID: 5410437
The electric truck market is projected to grow at a CAGR of 29.5%, reaching USD 32.13 billion by 2032 from USD 5.24 billion in 2025.

The adoption of medium-duty electric trucks is gaining strong momentum, subject to stringent emission regulations and their operational benefits for urban and regional delivery. Cities worldwide are enforcing stricter limits on vehicle emissions to combat air pollution, particularly in dense urban areas where medium-duty trucks are heavily utilized for last-mile delivery and logistics. Electric trucks in this category, typically classified between Class 4 and Class 6, provide a zero-emission solution that aligns with these regulatory goals, especially as governments implement low-emission zones and congestion charges targeting diesel-powered fleets.

Moreover, medium-duty electric trucks benefit from reduced noise levels, allowing for off-peak and nighttime deliveries without disturbing residents, which is particularly valuable in metropolitan areas. Companies like Ford, with its E-Transit and F-650 EV models, and BYD, with its 6D and T5 series, have introduced medium-duty electric trucks tailored for urban freight, postal delivery, and field service use cases. These trucks typically range from 150 to 200 miles per charge, which is sufficient for daily urban operations, and they reduce the total cost of ownership through lower fuel and maintenance costs. Fleet operators are increasingly viewing these vehicles as sustainable alternatives and strategic assets that enhance route efficiency, compliance, and corporate ESG goals.

The above 200 miles segment is anticipated to exhibit the fastest growth during the forecast period.

Electric trucks with a range above 200 miles are expected to exhibit the fastest growth during the forecast period as fleet operators increasingly seek long-range solutions for regional and long-haul logistics. This demand is driven by the need to match or exceed the operational flexibility of traditional diesel trucks, particularly in freight corridors where longer distances and limited charging downtime are critical considerations.

Improvements in battery technology, such as high-energy-density lithium-ion and emerging solid-state batteries, are enabling electric trucks to achieve ranges above 200 miles on a single charge. Models like the Tesla Semi (with a reported range of up to 500 miles), the Freightliner eCascadia (with up to 230 miles), and Volvo’s VNR Electric (with up to 275 miles) illustrate the shift toward extended-range capabilities. These vehicles are increasingly being adopted for intercity transportation, food & beverage distribution, and middle-mile delivery, where fewer charging interruptions translate to higher productivity and lower total cost of ownership.

The rapid growth in this segment is further supported by significant investment in high-capacity charging infrastructure across major transportation networks. Public-private initiatives in the US, Canada, and Europe are accelerating the deployment of megawatt charging systems (MCS) along freight corridors, making long-range electric trucking more viable. Leading logistics providers such as PepsiCo, Schneider, and DHL are already piloting or operating long-range electric trucks for daily routes above 200 miles.

Stricter carbon regulations for long-haul transport, combined with federal and state-level incentives for higher-performance zero-emission vehicles, are also creating favorable conditions for fleet transitions. As range anxiety continues to diminish and battery prices decline, electric trucks with extended range are becoming a strategic asset for fleets aiming to decarbonize operations without compromising logistical reach. This makes the above 200-mile segment the most attractive and fastest-growing within the electric truck market landscape.

The US is projected to be the largest market for electric trucks in North America during the forecast period.

The US is expected to lead the North American electric truck market during the forecast period. This growth is primarily driven by federal regulations, state-level mandates, and substantial investments in electrification infrastructure. The Environmental Protection Agency (EPA) and Department of Transportation (DOT) have rolled out strict emissions targets for medium- and heavy-duty vehicles, accelerating the shift toward electric alternatives. Meanwhile, states like California, New York, and Washington have enacted the Advanced Clean Trucks (ACT) rule, mandating that an increasing percentage of commercial trucks sold must be zero-emission starting in 2024.

Similarly, the Inflation Reduction Act (IRA) provides incentives for commercial EV adoption, including up to USD 40,000 in tax credits per electric truck, creating a cost-effective pathway for fleet operators to transition from diesel to electric. In response, major players such as Tesla, Ford, Rivian, and Freightliner are scaling electric truck production to meet surging demand across urban delivery, regional haulage, and field service applications. The US market is also benefiting from rapidly expanding charging infrastructure and growing participation by large logistics and retail companies in electric fleet deployment. Amazon, Walmart, and FedEx have committed to electrifying their delivery operations, with thousands of electric trucks already in use or on order. Tesla’s Semi, Freightliner’s eCascadia, and Ford’s F-150 Lightning are key models driving adoption in long-haul, heavy-duty, and light-duty segments.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
  • by Company Type: Tier 1 - 40%, Tier 2 - 42%, OEMs - 18%
  • by Designation: CXOs - 57%, Directors - 29%, Others - - 14%
  • by Region: North America - 39%, Europe - 33%, Asia Pacific - 28%
The electric truck market is dominated by players such as BYD (China), AB Volvo (Sweden), Ford Motor Company (US), Daimler Truck AG (Germany), and Dongfeng Motor Corporation (China), among others.

Research Coverage

The report segments the electric truck market and forecasts its size by volume based on propulsion (BEV, PHEV, FCEV), type (light-duty trucks, medium-duty trucks, heavy-duty trucks), battery type (Lithium-Nickel-Manganese-Cobalt Oxide, Lithium-Iron-Phosphate, others), end user (last-mile delivery, long-haul transportation, distribution services, refuse services, field services), range (up to 200 miles, above 200 miles), payload capacity (up to 10,000 lbs, 10,001-26,000 lbs, above 26,000 lbs), level of automation (semi-autonomous, autonomous), battery capacity (Less than 50 kWh, 50-250 kWh, above 250 kWh), and region (North America, Europe, Asia Pacific, and Middle East & Africa). The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and market strategies.

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall electric truck market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of Key Drivers (declining battery costs, extended electric truck range, government initiatives for commercial vehicles, elevated demand for electric trucks in logistics and commercial sector), Restraints (high initial investment for production, lack of EV charging infrastructure, extended charging duration), Opportunities (development of self-driving truck technology, rapid development in fuel cell technology), and Challenges (insufficient standardization of EV charging infrastructure and low availability of lithium for EV batteries) influencing the growth of the electric truck market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and product & service launches in the electric truck market
  • Market Development: Comprehensive information about lucrative markets - the report analyzes the electric truck market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the electric truck market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like BYD (China), AB Volvo (Sweden), Ford Motor Company (US), Rivian (US), Dongfeng Motor Corporation (China), among others in the electric truck market

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered and Regional Scope
1.3.2 Inclusions and Exclusions
1.3.3 Years Considered
1.4 Currency Considered
1.5 Unit Considered
1.6 Stakeholders
1.7 Summary of Changes
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 List of Secondary Sources
2.1.1.2 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 List of Primary Participants
2.1.2.2 Key Data from Primary Sources
2.1.2.3 Breakdown of Primary Interviews
2.1.2.4 Major Objectives of Primary Research
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Factor Analysis
2.5 Research Assumptions
2.6 Research Limitations
2.7 Risk Assessment
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities for Players in Electric Truck Market
4.2 Electric Truck Market, by Region
4.3 Electric Truck Market, by Type
4.4 Electric Truck Market, by Battery Type
4.5 Electric Truck Market, by Battery Capacity
4.6 Electric Truck Market, by Range
4.7 Electric Truck Market, by End-user
4.8 Electric Truck Market, by Level of Automation
4.9 Electric Truck Market, by Propulsion
4.10 Electric Truck Market, by Payload Capacity
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Declining Battery Costs
5.2.1.2 Government Initiatives Promoting Electric Commercial Vehicle Sales
5.2.1.3 Increasing Range of Electric Trucks
5.2.1.4 Growing Demand for Electric Trucks in Logistics and Other Industrial Sectors
5.2.2 Restraints
5.2.2.1 High Initial Investment for Production
5.2.2.2 Lack of EV Charging Infrastructure
5.2.2.3 Extended Charging Duration
5.2.3 Opportunities
5.2.3.1 Ongoing Development of Self-Driving Truck Technology
5.2.3.2 Innovations in Fuel Cell Technology
5.2.4 Challenges
5.2.4.1 Limited Availability of Lithium for EV Batteries
5.2.4.2 Inadequate Standardization of EV Charging Infrastructure
5.3 Trends and Disruptions Impacting Customer Business
5.4 Ecosystem Analysis
5.5 Value Chain Analysis
5.6 Regulatory Landscape
5.6.1 Regulatory Framework
5.6.2 Regulatory Bodies, Government Agencies, and Other Organizations
5.7 Pricing Analysis
5.7.1 Average Selling Pricing of Electric Trucks Offered by Key Players
5.7.2 Average Selling Pricing Trend, by Region
5.8 Trade Analysis
5.8.1 Import Scenario (842710)
5.8.2 Export Scenario (842710)
5.9 Technology Analysis
5.9.1 Key Technologies
5.9.1.1 Solid-State Batteries
5.9.1.2 Cell-To-Pack Technology
5.9.2 Complementary Technologies
5.9.2.1 Smart Charging Systems
5.9.3 Adjacent Technologies
5.9.3.1 Autonomous Driving
5.10 Patent Analysis
5.11 Case Studies
5.11.1 Battery-Electric Trucks Enhance User Experience in Norway
5.11.2 Fortescue Employs Battery-Electric Trucks for Mining Operations
5.11.3 Ruan Adopts Electric Terminal Trucks for Logistics Operations
5.12 Bill of Materials
5.13 Investment and Funding Scenario
5.14 Total Cost of Ownership
5.15 OEM Sourcing Strategies
5.15.1 Future Sourcing Strategies of OEMs
5.15.2 OEM Motor Rating Analysis, by Range
5.15.3 Competitive Market Assessment, by Payload Capacity
5.16 Potential Electric Truck Launches by OEMs
5.17 Key Stakeholders and Buying Criteria
5.17.1 Stakeholders in Buying Process
5.17.2 Key Buying Criteria
5.18 Key Conferences and Events, 2025-2026
5.19 Impact of AI/Gen AI
6 Electric Truck Market, by Type
6.1 Introduction
6.1.1 Operational Data
6.2 Light-Duty Trucks
6.2.1 Rise in E-Commerce Volumes and Urban Delivery Needs
6.3 Medium-Duty Trucks
6.3.1 Extensive Use in E-Commerce and Intra-State Logistics
6.4 Heavy-Duty Trucks
6.4.1 Rapid Fleet Electrification due to Improved Focus on Sustainability
6.5 Industry Insights
7 Electric Truck Market, by Range
7.1 Introduction
7.1.1 Operational Data
7.2 Up to 200 Miles
7.2.1 Suitable for Short-Haul and Medium-Scale Logistics
7.3 Above 200 Miles
7.3.1 Rise of Electric Truck Fleets for Long-Haul Transportation
7.4 Industry Insights
8 Electric Truck Market, by Propulsion
8.1 Introduction
8.1.1 Operational Data
8.2 BEV
8.2.1 Accelerated Fleet Electrification Incentives
8.3 Fcev
8.3.1 Ongoing Developments by Prominent OEMs
8.4 PHEV
8.4.1 Advancements in Lithium-Ion Batteries
8.5 Industry Insights
9 Electric Truck Market, by Payload Capacity
9.1 Introduction
9.1.1 Operational Data
9.2 Up to 10,000 Lbs
9.2.1 Push for Sustainable Transportation Solutions
9.3 10,001-26,000 Lbs
9.3.1 Increased Focus on Clean Mobility
9.4 Above 26,000 Lbs
9.4.1 Strict Emission Regulations and Corporate Sustainability Initiatives
9.5 Industry Insights
10 Electric Truck Market, by Level of Automation
10.1 Introduction
10.2 Semi-Autonomous
10.2.1 Level
10.2.1.1 Integration of Automated Transmissions and Dynamic Steering Systems in Electric Trucks
10.2.2 Level 2 &
10.2.2.1 Substantial Investments by OEMs
10.3 Autonomous
10.3.1 Level
10.3.1.1 Government Support for Autonomous Electric Trucks
10.3.2 Level
10.3.2.1 Excellent Vehicle Safety and Reliability
10.4 Industry Insights
11 Electric Truck Market, by Battery Type
11.1 Introduction
11.1.1 Operational Data
11.2 Lithium-Nickel-Manganese-Cobalt Oxide (Nmc)
11.2.1 Ongoing Advancements in Battery Technology
11.3 Lithium-Iron-Phosphate (Lfp)
11.3.1 Lower Cost Than Other Batteries
11.4 Others
11.5 Industry Insights
12 Electric Truck Market, by Battery Capacity
12.1 Introduction
12.1.1 Operational Data
12.2 Less Than 50 kWh
12.2.1 Increasing Consumer Awareness of Zero-Emission Vehicles
12.3 50-250 kWh
12.3.1 Large-Scale Deployment in Affordable Electric Trucks
12.4 Above 250 kWh
12.4.1 Rising Demand for Environmentally Friendly Transportation
12.5 Industry Insights
13 Electric Truck Market, by End-user
13.1 Introduction
13.1.1 Operational Data
13.2 Last-Mile Delivery
13.2.1 Focus on Electrification of Delivery Fleets
13.3 Field Services
13.3.1 Need for Sustainable Solutions in Field Maintenance
13.4 Distribution Services
13.4.1 High Demand for Electric Trucks in Logistics
13.5 Long-Haul Transportation
13.5.1 Logistics Companies’ Inclination Toward Sustainable Transportation
13.6 Refuse Services
13.6.1 Shift in Global Waste Management Practices
13.7 Industry Insights
14 Electric Truck Market, by Region
14.1 Introduction
14.2 Asia-Pacific
14.2.1 Macroeconomic Outlook
14.2.2 China
14.2.2.1 Shift Toward Electric Commercial Vehicles to Reduce Vehicular Emissions
14.2.3 India
14.2.3.1 Favorable Government Initiatives for Electric Trucks
14.2.4 Japan
14.2.4.1 Advancements in Battery Technology and EV Infrastructure
14.2.5 South Korea
14.2.5.1 Increased Investments in Commercial Electric Vehicles
14.3 Europe
14.3.1 Microeconomic Outlook
14.3.2 France
14.3.2.1 Comprehensive Government Incentives and Active Pilot Projects
14.3.3 Germany
14.3.3.1 Significant Presence of Truck Manufacturers and Robust Government Policies
14.3.4 Netherlands
14.3.4.1 Rising Adoption of Green Commercial Vehicles
14.3.5 Norway
14.3.5.1 Robust Tax Incentives for Electric Vehicles
14.3.6 Sweden
14.3.6.1 Rapid OEM Expansion due to Favorable Taxation for Zero-Emission Vehicles
14.3.7 UK
14.3.7.1 Growing Investments in Ultra-Low Emission Vehicles
14.4 North America
14.4.1 Macroeconomic Outlook
14.4.2 US
14.4.2.1 Rigorous Developments in Electric Truck Technology
14.4.3 Canada
14.4.3.1 Strong Regulatory Framework and Targeted Incentives for Zero-Emission Transport
14.5 Middle East & Africa
14.5.1 Macroeconomic Outlook
14.5.2 South Africa
14.5.2.1 Inclination Toward Sustainable Transportation
14.5.3 Egypt
14.5.3.1 Elevated Demand for Efficient Freight Transportation
15 Competitive Landscape
15.1 Introduction
15.2 Key Player Strategies/Right to Win, 2022-2025
15.3 Revenue Analysis, 2022-2024
15.4 Market Share Analysis, 2024
15.5 Company Valuation and Financial Metrics
15.6 Brand/Product Comparison
15.7 Company Evaluation Matrix: Key Players, 2024
15.7.1 Stars
15.7.2 Emerging Leaders
15.7.3 Pervasive Players
15.7.4 Participants
15.7.5 Company Footprint
15.7.5.1 Company Footprint
15.7.5.2 Type Footprint
15.7.5.3 Propulsion Footprint
15.7.5.4 Battery Type Footprint
15.7.5.5 Region Footprint
15.8 Company Evaluation Matrix: Start-Ups/SMEs, 2024
15.8.1 Progressive Companies
15.8.2 Responsive Companies
15.8.3 Dynamic Companies
15.8.4 Starting Blocks
15.8.5 Competitive Benchmarking
15.8.5.1 List of Start-Ups/SMEs
15.8.5.2 Competitive Benchmarking of Start-Ups/SMEs
15.9 Competitive Scenario
15.9.1 Product Launches/Developments
15.9.2 Deals
15.9.3 Expansions
15.9.4 Others
16 Company Profiles
16.1 Key Players
16.1.1 Ab Volvo
16.1.1.1 Business Overview
16.1.1.2 Products/Solutions Offered
16.1.1.3 Recent Developments
16.1.1.3.1 Product Launches/Developments
16.1.1.3.2 Deals
16.1.1.3.3 Expansions
16.1.1.3.4 Others
16.1.1.4 Analyst's View
16.1.1.4.1 Key Strengths
16.1.1.4.2 Strategic Choices
16.1.1.4.3 Weaknesses and Competitive Threats
16.1.2 Daimler Truck AG
16.1.2.1 Business Overview
16.1.2.2 Products/Solutions Offered
16.1.2.3 Recent Developments
16.1.2.3.1 Product Launches/Developments
16.1.2.3.2 Deals
16.1.2.3.3 Expansions
16.1.2.3.4 Others
16.1.2.4 Analyst's View
16.1.2.4.1 Key Strengths
16.1.2.4.2 Strategic Choices
16.1.2.4.3 Weaknesses and Competitive Threats
16.1.3 Ford Motor Company
16.1.3.1 Business Overview
16.1.3.2 Products/Solutions Offered
16.1.3.3 Recent Developments
16.1.3.3.1 Product Launches/Developments
16.1.3.3.2 Deals
16.1.3.3.3 Expansions
16.1.3.3.4 Others
16.1.3.4 Analyst's View
16.1.3.4.1 Key Strengths
16.1.3.4.2 Strategic Choices
16.1.3.4.3 Weaknesses and Competitive Threats
16.1.4 Dongfeng Motor Corporation
16.1.4.1 Business Overview
16.1.4.2 Products/Solutions Offered
16.1.4.3 Recent Developments
16.1.4.3.1 Product Launches/Developments
16.1.4.3.2 Deals
16.1.4.3.3 Expansions
16.1.4.4 Analyst's View
16.1.4.4.1 Key Strengths
16.1.4.4.2 Strategic Choices
16.1.4.4.3 Weaknesses and Competitive Threats
16.1.5 Rivian
16.1.5.1 Business Overview
16.1.5.2 Products/Solutions Offered
16.1.5.3 Recent Developments
16.1.5.3.1 Product Launches/Developments
16.1.5.3.2 Deals
16.1.5.3.3 Others
16.1.5.4 Analyst's View
16.1.5.4.1 Key Strengths
16.1.5.4.2 Strategic Choices
16.1.5.4.3 Weaknesses and Competitive Threats
16.1.6 Byd Company Ltd.
16.1.6.1 Business Overview
16.1.6.2 Products/Solutions Offered
16.1.6.3 Recent Developments
16.1.6.3.1 Product Launches/Developments
16.1.6.3.2 Deals
16.1.6.3.3 Expansions
16.1.6.3.4 Others
16.1.7 Tesla, Inc.
16.1.7.1 Business Overview
16.1.7.2 Products/Solutions Offered
16.1.7.3 Recent Developments
16.1.7.3.1 Product Launches/Developments
16.1.7.3.2 Deals
16.1.7.3.3 Expansions
16.1.7.3.4 Others
16.1.8 Scania
16.1.8.1 Business Overview
16.1.8.2 Products/Solutions Offered
16.1.8.3 Recent Developments
16.1.8.3.1 Product Launches/Developments
16.1.8.3.2 Deals
16.1.8.3.3 Expansions
16.1.8.3.4 Others
16.1.9 Paccar Inc.
16.1.9.1 Business Overview
16.1.9.2 Products/Solutions Offered
16.1.9.3 Recent Developments
16.1.9.3.1 Product Launches/Developments
16.1.9.3.2 Deals
16.1.9.3.3 Expansions
16.1.9.3.4 Others
16.1.10 Foton International
16.1.10.1 Business Overview
16.1.10.2 Products/Solutions Offered
16.1.10.3 Recent Developments
16.1.10.3.1 Product Launches/Developments
16.1.10.3.2 Deals
16.1.10.3.3 Expansions
16.1.10.3.4 Others
16.1.11 Vdl Groep
16.1.11.1 Business Overview
16.1.11.2 Products/Solutions Offered
16.1.11.3 Recent Developments
16.1.11.3.1 Product Launches/Developments
16.1.11.3.2 Deals
16.1.11.3.3 Others
16.2 Other Players
16.2.1 Workhorse Group
16.2.2 Tata Motors Limited
16.2.3 Ashok Leyland
16.2.4 Isuzu Motors Ltd.
16.2.5 Irizar Group
16.2.6 Iveco S.P.A
16.2.7 Bollinger Motors
16.2.8 Xos Trucks, Inc.
16.2.9 Man SE
16.2.10 Kaiyun Motors
16.2.11 Zhejiang Geely New Energy Commercial Vehicle Group Co. Ltd.
16.2.12 Orange EV
16.2.13 Hino Motors, Ltd.
17 Recommendations
17.1 Asia-Pacific to be Key Market for Electric Trucks
17.2 Rising Adoption of Light-Duty Electric Trucks
17.3 Key Growth Opportunities
17.3.1 Advancements in Battery Technology
17.3.2 Demand for Long-Range Electric Trucks
17.4 Conclusion
18 Appendix
18.1 Insights from Industry Experts
18.2 Discussion Guide
18.3 Knowledgestore: The Subscription Portal
18.4 Customization Options
List of Tables
Table 1 Electric Truck Market Definition, by Type
Table 2 Electric Truck Market Definition, by End-user
Table 3 Electric Truck Market Definition, by Battery Type
Table 4 Electric Truck Market Definition, by Propulsion
Table 5 Electric Truck Market Definition, by Level of Automation
Table 6 Currency Exchange Rates
Table 7 Government Initiatives for Electric Commercial Vehicle Sales
Table 8 Electric Truck Models, by Range and Battery Capacity
Table 9 Purchase Orders/Supply Contracts for Electric Trucks
Table 10 Electric Truck Manufacturing Cost Breakdown (% of Total Capex)
Table 11 Developments in Self-Driving Truck
Table 12 Electric Truck Incentives and Exemptions, 2025
Table 13 Regulatory Framework
Table 14 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Organizations
Table 15 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 16 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 17 Middle East & Africa: Regulatory Bodies, Government Agencies, and Other Organizations
Table 18 Average Selling Pricing of Electric Trucks Offered by Key Players, 2024 (USD)
Table 19 Average Selling Price Trend, by Region, 2022-2024 (USD)
Table 20 US: Import, by Country (%)
Table 21 France: Import, by Country (%)
Table 22 UK: Import, by Country (%)
Table 23 Germany: Import, by Country (%)
Table 24 Italy: Import, by Country (%)
Table 25 China: Export, by Country (%)
Table 26 Germany: Export, by Country (%)
Table 27 US: Export, by Country (%)
Table 28 Sweden: Export, by Country (%)
Table 29 Italy: Export, by Country (%)
Table 30 Patent Analysis
Table 31 List of Fundings, 2024-2025
Table 32 Total Cost of Ownership for Electric Trucks
Table 33 Electric Truck Launches by OEMs, 2025-2026
Table 34 Influence of Stakeholders on Buying Process, by Type (%)
Table 35 Key Buying Criteria, by Type
Table 36 Key Conferences and Events, 2025-2026
Table 37 Electric Truck Market, by Type, 2021-2024 (Units)
Table 38 Electric Truck Market, by Type, 2025-2032 (Units)
Table 39 Light-Duty Electric Truck Market, by Region, 2021-2024 (Units)
Table 40 Light-Duty Electric Truck Market, by Region, 2025-2032 (Units)
Table 41 Medium-Duty Electric Truck Market, by Region, 2021-2024 (Units)
Table 42 Medium-Duty Electric Truck Market, by Region, 2025-2032 (Units)
Table 43 Heavy-Duty Electric Truck Market, by Region, 2021-2024 (Units)
Table 44 Heavy-Duty Electric Truck Market, by Region, 2025-2032 (Units)
Table 45 Electric Truck Market, by Range, 2021-2024 (Units)
Table 46 Electric Truck Market, by Range, 2025-2032 (Units)
Table 47 Up to 200 Miles: Electric Truck Market, by Region, 2021-2024 (Units)
Table 48 Up to 200 Miles: Electric Truck Market, by Region, 2025-2032 (Units)
Table 49 Above 200 Miles: Electric Truck Market, by Region, 2021-2024 (Units)
Table 50 Above 200 Miles: Electric Truck Market, by Region, 2025-2032 (Units)
Table 51 Electric Truck Market, by Propulsion, 2021-2024 (Units)
Table 52 Electric Truck Market, by Propulsion, 2025-2032 (Units)
Table 53 BEV: Electric Truck Market, by Region, 2021-2024 (Units)
Table 54 BEV: Electric Truck Market, by Region, 2025-2032 (Units)
Table 55 Fcev: Electric Truck Market, by Region, 2021-2024 (Units)
Table 56 Fcev: Electric Truck Market, by Region, 2025-2032 (Units)
Table 57 PHEV: Electric Truck Market, by Region, 2021-2024 (Units)
Table 58 PHEV: Electric Truck Market, by Region, 2025-2032 (Units)
Table 59 Electric Truck Market, by Payload Capacity, 2021-2024 (Units)
Table 60 Electric Truck Market, by Payload Capacity, 2025-2032 (Units)
Table 61 Electric Truck Market, by Level of Automation, 2021-2024 (Units)
Table 62 Electric Truck Market, by Level of Automation, 2025-2032 (Units)
Table 63 Electric Truck Market, by Battery Type, 2021-2024 (Units)
Table 64 Electric Truck Market, by Battery Type, 2025-2032 (Units)
Table 65 Lithium-Nickel-Manganese-Cobalt Oxide: Electric Truck Market, by Region, 2021-2024 (Units)
Table 66 Lithium-Nickel-Manganese-Cobalt Oxide: Electric Truck Market, by Region, 2025-2032 (Units)
Table 67 Lithium-Iron-Phosphate: Electric Truck Market, by Region, 2021-2024 (Units)
Table 68 Lithium-Iron-Phosphate: Electric Truck Market, by Region, 2025-2032 (Units)
Table 69 Others: Electric Truck Market, by Region, 2021-2024 (Units)
Table 70 Others: Electric Truck Market, by Region, 2025-2032 (Units)
Table 71 Electric Truck Market, by Battery Capacity, 2021-2024 (Units)
Table 72 Electric Truck Market, by Battery Capacity, 2025-2032 (Units)
Table 73 Less Than 50 kWh: Electric Truck Market, by Region, 2021-2024 (Units)
Table 74 Less Than 50 kWh: Electric Truck Market, by Region, 2025-2032 (Units)
Table 75 50-250 kWh: Electric Truck Market, by Region, 2021-2024 (Units)
Table 76 50-250 kWh: Electric Truck Market, by Region, 2025-2032 (Units)
Table 77 Above 250 kWh: Electric Truck Market, by Region, 2021-2024 (Units)
Table 78 Above 250 kWh: Electric Truck Market, by Region, 2025-2032 (Units)
Table 79 Electric Truck Market, by End-user, 2021-2024 (Units)
Table 80 Electric Truck Market, by End-user, 2025-2032 (Units)
Table 81 Electric Truck Market, by Region, 2021-2024 (Units)
Table 82 Electric Truck Market, by Region, 2025-2032 (Units)
Table 83 Electric Truck Market, by Region, 2021-2024 (USD Million)
Table 84 Electric Truck Market, by Region, 2025-2032 (USD Million)
Table 85 Asia-Pacific: Electric Truck Market, by Country, 2021-2024 (Units)
Table 86 Asia-Pacific: Electric Truck Market, by Country, 2025-2032 (Units)
Table 87 China: Electric Truck Market, by Type, 2021-2024 (Units)
Table 88 China: Electric Truck Market, by Type, 2025-2032 (Units)
Table 89 India: Electric Truck Market, by Type, 2021-2024 (Units)
Table 90 India: Electric Truck Market, by Type, 2025-2032 (Units)
Table 91 Japan: Electric Truck Market, by Type, 2021-2024 (Units)
Table 92 Japan: Electric Truck Market, by Type, 2025-2032 (Units)
Table 93 South Korea: Electric Truck Market, by Type, 2021-2024 (Units)
Table 94 South Korea: Electric Truck Market, by Type, 2025-2032 (Units)
Table 95 Europe: Electric Truck Market, by Country, 2021-2024 (Units)
Table 96 Europe: Electric Truck Market, by Country, 2025-2032 (Units)
Table 97 France: Electric Truck Market, by Type, 2021-2024 (Units)
Table 98 France: Electric Truck Market, by Type, 2025-2032 (Units)
Table 99 Germany: Electric Truck Market, by Type, 2021-2024 (Units)
Table 100 Germany: Electric Truck Market, by Type, 2025-2032 (Units)
Table 101 Netherlands: Electric Truck Market, by Type, 2021-2024 (Units)
Table 102 Netherlands: Electric Truck Market, by Type, 2025-2032 (Units)
Table 103 Norway: Electric Truck Market, by Type, 2021-2024 (Units)
Table 104 Norway: Electric Truck Market, by Type, 2025-2032 (Units)
Table 105 Sweden: Electric Truck Market, by Type, 2021-2024 (Units)
Table 106 Sweden: Electric Truck Market, by Type, 2025-2032 (Units)
Table 107 UK: Electric Truck Market, by Type, 2021-2024 (Units)
Table 108 UK: Electric Truck Market, by Type, 2025-2032 (Units)
Table 109 North America: Electric Truck Market, by Country, 2021-2024 (Units)
Table 110 North America: Electric Truck Market, by Country, 2025-2032 (Units)
Table 111 US: Electric Truck Market, by Type, 2021-2024 (Units)
Table 112 US: Electric Truck Market, by Type, 2025-2032 (Units)
Table 113 Canada: Electric Truck Market, by Type, 2021-2024 (Units)
Table 114 Canada: Electric Truck Market, by Type, 2025-2032 (Units)
Table 115 Middle East & Africa: Electric Truck Market, by Country, 2021-2024 (Units)
Table 116 Middle East & Africa: Electric Truck Market, by Country, 2025-2032 (Units)
Table 117 South Africa: Electric Truck Market, by Type, 2021-2024 (Units)
Table 118 South Africa: Electric Truck Market, by Type, 2025-2032 (Units)
Table 119 Egypt: Electric Truck Market, by Type, 2021-2024 (Units)
Table 120 Egypt: Electric Truck Market, by Type, 2025-2032 (Units)
Table 121 Key Player Strategies/Right to Win, 2022-2025
Table 122 Electric Truck Market: Degree of Competition, 2024
Table 123 Type Footprint
Table 124 Propulsion Footprint
Table 125 Battery Type Footprint
Table 126 Region Footprint
Table 127 List of Start-Ups/SMEs
Table 128 Competitive Benchmarking of Start-Ups/SMEs
Table 129 Electric Truck Market: Product Launches/Developments, 2022-2025
Table 130 Electric Truck Market: Deals, 2022-2025
Table 131 Electric Truck Market: Expansions, 2022-2025
Table 132 Electric Truck Market: Others, 2022-2025
Table 133 Ab Volvo: Company Overview
Table 134 Ab Volvo: Products/Solutions Offered
Table 135 Ab Volvo: Product Launches/Developments
Table 136 Ab Volvo: Deals
Table 137 Ab Volvo: Expansions
Table 138 Ab Volvo: Others
Table 139 Daimler Truck AG: Company Overview
Table 140 Daimler Truck AG: Products/Solutions Offered
Table 141 Daimler Truck AG: Product Launches/Developments
Table 142 Daimler Truck AG: Deals
Table 143 Daimler Truck AG: Expansions
Table 144 Daimler Truck AG: Others
Table 145 Ford Motor Company: Company Overview
Table 146 Ford Motor Company: Products/Solutions Offered
Table 147 Ford Motor Company: Product Launches/Developments
Table 148 Ford Motor Company: Deals
Table 149 Ford Motor Company: Expansions
Table 150 Ford Motor Company: Others
Table 151 Dongfeng Motor Corporation: Company Overview
Table 152 Dongfeng Motor Corporation: Products/Solutions Offered
Table 153 Dongfeng Motor Corporation: Product Launches/Developments
Table 154 Dongfeng Motor Corporation: Deals
Table 155 Dongfeng Motor Corporation: Expansions
Table 156 Rivian: Company Overview
Table 157 Rivian: Products/Solutions Offered
Table 158 Rivian: Product Launches/Developments
Table 159 Rivian: Deals
Table 160 Rivian: Others
Table 161 Byd Company Ltd.: Company Overview
Table 162 Byd Company Ltd.: Products/Solutions Offered
Table 163 Byd Company Ltd.: Product Launches/Developments
Table 164 Byd Company Ltd.: Deals
Table 165 Byd Company Ltd.: Expansions
Table 166 Byd Company Ltd.: Others
Table 167 Tesla, Inc.: Company Overview
Table 168 Tesla, Inc.: Products/Solutions Offered
Table 169 Tesla, Inc.: Product Launches/Developments
Table 170 Tesla, Inc.: Deals
Table 171 Tesla, Inc.: Expansions
Table 172 Tesla, Inc.: Others
Table 173 Scania: Company Overview
Table 174 Scania: Products/Solutions Offered
Table 175 Scania: Product Launches/Developments
Table 176 Scania: Deals
Table 177 Scania: Expansions
Table 178 Scania: Others
Table 179 Paccar Inc.: Company Overview
Table 180 Paccar Inc.: Products/Solutions Offered
Table 181 Paccar Inc.: Product Launches/Developments
Table 182 Paccar Inc.: Deals
Table 183 Paccar Inc.: Expansions
Table 184 Paccar Inc.: Others
Table 185 Foton International: Company Overview
Table 186 Foton International: Products/Solutions Offered
Table 187 Foton International: Product Launches/Developments
Table 188 Foton International: Deals
Table 189 Foton International: Expansions
Table 190 Foton International: Others
Table 191 Vdl Groep: Company Overview
Table 192 Vdl Groep: Products/Solutions Offered
Table 193 Vdl Groep: Product Launches/Developments
Table 194 Vdl Groep: Deals
Table 195 Vdl Groep: Others
Table 196 Workhorse Group: Company Overview
Table 197 Tata Motors Limited: Company Overview
Table 198 Ashok Leyland: Company Overview
Table 199 Isuzu Motors Ltd.: Company Overview
Table 200 Irizar Group: Company Overview
Table 201 Iveco S.P.A: Company Overview
Table 202 Bollinger Mtors: Company Overview
Table 203 Xos Trucks, Inc.: Company Overview
Table 204 Man SE: Company Overview
Table 205 Kaiyun Motors: Company Overview
Table 206 Zhejiang Geely New Energy Commercial Vehicle Group Co. Ltd.: Company Overview
Table 207 Orange EV: Company Overview
Table 208 Hino Motors, Ltd.: Company Overview
List of Figures
Figure 1 Electric Truck Market Segmentation
Figure 2 Research Design
Figure 3 Research Design Model
Figure 4 Research Methodology: Hypothesis Building
Figure 5 Bottom-Up Approach
Figure 6 Top-Down Approach
Figure 7 Market Size Estimation Notes
Figure 8 Data Triangulation
Figure 9 Factor Analysis for Market Sizing: Demand and Supply Sides
Figure 10 Electric Truck Market Outlook
Figure 11 Electric Truck Market, by Region, 2025-2032
Figure 12 Lithium Nickel Manganese Cobalt Oxide to Hold Highest Share in 2025
Figure 13 Medium-Duty Trucks to be Fastest-Growing Segment During Forecast Period
Figure 14 Key Players in Electric Truck Market
Figure 15 Rise in Fuel-Efficient Vehicle Ownership to Drive Market
Figure 16 Asia-Pacific to be Largest Market for Electric Trucks During Forecast Period
Figure 17 Light-Duty Trucks to Surpass Other Segments During Forecast Period
Figure 18 Lithium-Iron-Phosphate Segment to be Dominant During Forecast Period
Figure 19 Above 250 kWh Segment to Hold Highest Share in 2025
Figure 20 Up to 200 Miles Segment to be Larger Than Above 200 Miles Segment During Forecast Period
Figure 21 Long-Haul Transportation to Exhibit Fastest Growth During Forecast Period
Figure 22 Semi-Autonomous to Acquire Higher Share Than Autonomous During Forecast Period
Figure 23 BEV Segment to Secure Leading Position During Forecast Period
Figure 24 Above 26,001 Lbs Segment to be Prevalent During Forecast Period
Figure 25 Electric Truck Market Dynamics
Figure 26 Price Trend of EV Batteries, 2020-2030 (USD/kWh)
Figure 27 Global Electrification Target, 2025-2050
Figure 28 US Grid Scenario
Figure 29 Private, Semi-Public, and Public Charging
Figure 30 Charging Time Required for Different Methods
Figure 31 Lithium-Ion Battery Demand, 2015-2030
Figure 32 EV Chargers Used Globally
Figure 33 Trends and Disruptions Impacting Customer Business
Figure 34 Ecosystem Analysis
Figure 35 Value Chain Analysis
Figure 36 Patent Analysis
Figure 37 Bill of Materials for Electric Trucks
Figure 38 Investment and Funding Scenario, 2022-2025
Figure 39 Total Cost of Ownership: Ford Electric Transit vs. Ice Transit 3.5-Ton Models
Figure 40 Future Sourcing Strategies of OEMs
Figure 41 OEM Motor Rating Analysis, by Range
Figure 42 Competitive Market Assessment, by Payload Capacity
Figure 43 Electric Trucks Cargo Delivery vs. Payload Capacity
Figure 44 Influence of Stakeholders on Buying Process, by Type
Figure 45 Key Buying Criteria, by Type
Figure 46 Electric Truck Market, by Type, 2025-2032 (Units)
Figure 47 Electric Truck Market, by Range, 2025-2032 (Units)
Figure 48 Electric Truck Market, by Propulsion, 2025-2032 (Units)
Figure 49 Electric Truck Market, by Payload Capacity, 2025-2032 (Units)
Figure 50 Electric Truck Market, by Level of Automation, 2025-2032 (Units)
Figure 51 Electric Truck Market, by Battery Type, 2025-2032 (Units)
Figure 52 Electric Truck Market, by Battery Capacity, 2025-2032 (Units)
Figure 53 Electric Truck Market, by End-user, 2025-2032 (Units)
Figure 54 Electric Truck Market, by Region, 2025-2032 (Units)
Figure 55 Asia-Pacific: Real GDP Growth Rate, by Country, 2024-2026
Figure 56 Asia-Pacific: GDP Per Capita, by Country, 2024-2026
Figure 57 Asia-Pacific: Cpi Inflation Rate, by Country, 2024-2026
Figure 58 Asia-Pacific: Manufacturing Industry Contribution to GDP, 2024
Figure 59 Asia-Pacific: Electric Truck Market Snapshot
Figure 60 Europe: Real GDP Growth Rate, by Country, 2024-2026
Figure 61 Europe: GDP Per Capita, by Country, 2024-2026
Figure 62 Europe: Cpi Inflation Rate, by Country, 2024-2026
Figure 63 Europe: Manufacturing Industry Contribution to GDP, 2024
Figure 64 Europe: Electric Truck Market, by Country, 2025-2032 (Units)
Figure 65 North America: Real GDP Growth Rate, by Country, 2024-2026
Figure 66 North America: GDP Per Capita, by Country, 2024-2026
Figure 67 North America: Cpi Inflation Rate, by Country, 2024-2026
Figure 68 North America: Manufacturing Industry Contribution to GDP, 2024
Figure 69 North America: Electric Truck Market Snapshot
Figure 70 Middle East & Africa: Real GDP Annual Percentage Change, 2024-2026
Figure 71 Middle East & Africa: GDP Per Capita, by Country, 2024-2026
Figure 72 Middle East & Africa: Cpi Inflation Rate, by Country, 2024-2026
Figure 73 Middle East & Africa: Manufacturing Industry Contribution to GDP, 2024
Figure 74 Middle East & Africa: Electric Truck Market, by Country, 2025-2032 (Units)
Figure 75 Revenue Analysis of Top Five Players, 2022-2024
Figure 76 Market Share Analysis of Key Players, 2024
Figure 77 Valuation of Key Players, 2024
Figure 78 Financial Metrics of Key Players, 2024
Figure 79 Brand/Product Comparison
Figure 80 Company Evaluation Matrix (Key Players), 2024
Figure 81 Company Footprint
Figure 82 Company Evaluation Matrix (Start-Ups/SMEs), 2024
Figure 83 Ab Volvo: Company Snapshot
Figure 84 Daimler Truck AG: Company Snapshot
Figure 85 Ford Motor Company: Company Snapshot
Figure 86 Dongfeng Motor Corporation: Company Snapshot
Figure 87 Rivian: Company Snapshot
Figure 88 Byd Company Ltd.: Company Snapshot
Figure 89 Tesla, Inc.: Company Snapshot
Figure 90 Scania: Company Snapshot
Figure 91 Paccar Inc.: Company Snapshot
Figure 92 Vdl Groep: Company Snapshot

Companies Mentioned

  • Ab Volvo
  • Daimler Truck AG
  • Ford Motor Company
  • Dongfeng Motor Corporation
  • Rivian
  • Byd Company Ltd.
  • Tesla, Inc.
  • Scania
  • Paccar Inc.
  • Foton International
  • Vdl Groep
  • Workhorse Group
  • Tata Motors Limited
  • Ashok Leyland
  • Isuzu Motors Ltd.
  • Irizar Group
  • Iveco S.P.A
  • Bollinger Motors
  • Xos Trucks, Inc.
  • Man SE
  • Kaiyun Motors
  • Zhejiang Geely New Energy Commercial Vehicle Group Co. Ltd.
  • Orange EV
  • Hino Motors, Ltd.

Table Information