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Electric Trucks Market by Propulsion (BEV, PHEV & FCEV), Type (Light, Medium & Heavy-duty Trucks), Range (up to 200 miles & above 200 miles), Battery Type, Battery Capacity, Level of Automation, End User, Payload Capacity & Region - Global Forecast to 2030

  • ID: 5410437
  • Report
  • August 2021
  • Region: Global
  • 223 Pages
  • Markets and Markets

FEATURED COMPANIES

  • AB Volvo
  • BYD
  • Ford Motor Company
  • Kaiyun Motors
  • Proterra
  • Tesla, Inc

The electric trucks market is estimated to be 69,597 units in 2021 and is projected to grow at a CAGR of 39.7% during the forecast period, to reach 1,413,694 units by 2030.



Due to the rising emissions levels and increasing prices of petroleum, along with petroleum’s limited availability, there has been a growing demand for Zero emission alternative fuel vehicles. This has been a major factor for increasing demand of EV’s in the market since the past few years. The governments of several countries are taking initiatives to promote clean sources of energy by instituting stringent emission norms and providing subsidies, tax benefits for early adoption of EV’s and other low emission vehicles to help meet these stringent emission regulations. Electric trucks have also been growing in demand past few years due to these reasons. Top OEM’s like BYD, Daimler AG, AB Volvo, PACCAR Inc, Scania AB,  and other players like Renault, Tata Motors, Tesla Inc, Rivian and others have been working for development of electric trucks.   


A Major issue with electric trucks has been lower range due to limited battery capacity. With improving technology, as better EV batteries are being produced, the range of these EV trucks have been improving significantly. The reducing Battery cost will also reduce the overall cost of electric trucks, thereby improving the profitability by use of these trucks for commercial operations. This will further create demand for EV trucks in the future. Development of appropriate charging infrastructure has further improved the viability of electric trucks in the market for daily use across various sectors. The development of self-driving truck technology will also improve the demand for electric trucks once technology is matured. Most countries have come up with policy’s for shifting to electric vehicles such as trucks for commercial operations. For Instance, since 2019, US has made regulations to shift to using electric trucks for interstate logistics across some states in the country. Germany and China have also promoted the use of electric trucks and have become some of the top markets for this segment. Germany has setup electric lines on their highways for use of electric trucks without the need for destination charging. China has encouraged OEM’s in the country to produce electric trucks for its domestic use. The country had more than 20 times the sales of electric trucks domestically than US and Europe combined till the first half of 2020. 


The major challenge for the growth of the electric truck market is its high cost. However, increasing R&D in the field of EV technology is leading to decreasing cost of EV Batteries, gradually reducing the cost difference. Another challenge to the growth of the electric truck market is lack of standardization of EV charging infrastructure and slow setup of EV charging stations in many countries. The limited range of electric trucks also limit their use in various countries. In India for instance, the limited number of electric trucks operate by battery switching due to less availability of EV fast charging stations. Lesser driving range and inadequate charging infrastructure are the key factors resulting in limited popularity of electric trucks in developing countries.


The electric truck market in Europe is segmented into France, Germany, Netherlands, Norway, Sweden, and United Kingdom. Europe has stringent emission regulation standards. The governments of European region are providing huge incentives to promote electric vehicles. As a result, the demand for electric vehicles has increased tremendously in the region. The region is home to electric truck manufacturers such as Volvo, Daimler and others. Europe has set a very ambitious goal of reducing 80% CO2 emission by 2050 and has created a roadmap for the same. The governments of various countries in Europe are subsidizing electric infrastructure and the focus will continue to be on electric vehicles in the long run.  Volvo has announced plans to launch a complete range of heavy duty electric trucks in the region starting 2021 and through the upcoming years. It is currently running tests for Volvo FMX, Volvo FX, Volvo FM which would be used for regional transport and urban construction. Sales will start by the end of 2021 and production in large volumes will start by the first half of 2022. These trucks will come with a battery configuration of around 186 miles or 300 km. The company is targeting 50% electric sales in the region by 2030.  Some top electric truck startups in the region include Einride (Sweden), Volta Trucks (Sweden), Tevva (UK), StreetScooter (Germany) and E-Trucks Europe (Netherlands). These companies have also been developing electric truck technology and some of them have already brought electric trucks for the market. 


The electric truck market is dominated by players such as BYD(China), Daimler AG (Germany), AB Volvo (Sweden), PACCAR(U.S.), Scania AB(Sweden) and others. Key strategies adopted by these companies to sustain their positions are new launches, expansions, collaborations, and joint ventures. These strategies have been analyzed to understand the positions of these companies in the market. For instance, in March 2021, The Volvo Group has acquired 50 percent of the partnership interests in the existing Daimler Truck Fuel Cell GmbH & Co. The ambition is to make the new joint venture a leading global manufacturer of fuel-cells, and thus help the world take a major step towards climate-neutral and sustainable transportation by 2050. Also, in November 2020, Scania AB acquired Nantong Gaikai and the acquisition allowed it to obtain truck manufacturing license in China. Nantong Gaikai was under state owned Jiangsu Gaikai Investment Development Group.


Light duty trucks to ensure dominant position of the segment

The electric truck market by vehicle type comprises majorly of light-duty trucks, medium-duty and heavy-duty trucks. This is because of their growing popularity for electric pickups around the world as zero emission vehicles while for medium-duty and heavy-duty vehicles, the price of long-range electric trucks increases drastically which makes it less economical for many regions. As prices of EV batteries decreases and range of vehicles keep improving, the market for electric trucks will also increase at a faster rate in the coming years. The demand for light-duty electric trucks would grow with increase in adoption of light duty-trucks in e-commerce and distribution services. 


NMC Battery segment expected to lead to market growth

The electric truck market is dominated by the NMC battery as it is the most efficient. Most market-leading Chinese OEMs use these batteries in electric trucks in its fleets. These batteries have a comparatively higher energy density than LFP batteries. Also, the cost of NMC batteries is declining and level with the cost of LFP batteries, thus, further boosting the NMC battery market. Although, the demand for LFP is also on the rise in the forecasted period as the life of LFP batteries is longer than the NMC batteries. Adoption of NMC batteries is expected to rise in the near future in European and American countries. 


The study contains insights from various industry experts, ranging from component suppliers to tier 1 companies and OEMs.


The break-up of the primaries is as follows: 

  • By Company Type: Tier 1 - 40%, Tier 2 – 42%, Others - 18%
  • By Designation: C level - 57%, D level - 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), Daimler AG (Germany), AB Volvo (Sweden), PACCAR(U.S.), Scania AB(Sweden) and others.


Research Coverage

The report segments the electric trucks market and forecasts its size, by volume, on the basis of propulsion type (BEV, PHEV, FCEV) vehicle 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), by range (upto 200 miles, above 200 miles), payload capacity (upto 10,000 lbs, 10,001-26,000 lbs, Above 26,000 lbs), level of automation (semi-autonomous and automation), battery capacity (less than 50kWh, 50-250 kwh, above 250 kwh) & Region.  It also covers the competitive landscape and company profiles of the major players in the electric truck market ecosystem.


Key Benefits of Buying the Report:

  • The report will help market leaders/new entrants in this market with information on the closest approximations of revenue and volume for electric truck market and its sub segments. 
  • This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. 
  • The report will also help the market players understand the impact of COVID-19 on electric trucks market.
  • The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AB Volvo
  • BYD
  • Ford Motor Company
  • Kaiyun Motors
  • Proterra
  • Tesla, Inc

1    Introduction
1.1    Objectives Of The Study
1.2    Market Definition
Table 1    Segments And Their Definition
1.2.1    Inclusions & Exclusions
Table 2    Inclusions & Exclusions
1.3    Market Scope
Figure 1    Market Segmentation: Electric Trucks Market
1.3.1    Years Considered For Study
1.4    Currency
Table 3    Currency Exchange Rates (USD)
1.5    Package Size
1.6    Stakeholders
2    Research Methodology
2.1    Research Data
Figure 2    Electric Trucks Market: Research Design
Figure 3    Research Design Model
2.1.1    Secondary Data
2.1.1.1    Key Secondary Sources For Electric Truck Sales
2.1.1.2    Key Data From Secondary Sources
2.1.2    Primary Data
Figure 4    Breakdown Of Primary Interviews
2.1.2.1    Primary Participants
2.2    Market Estimation Methodology
Figure 5    Research Methodology: Hypothesis Building
2.3    Market Size Estimation
2.3.1    Bottom-Up Approach
Figure 6    Bottom-Up Approach: Electric Trucks Market
2.3.2    Top-Down Approach
Figure 7    Top-Down Approach: Electric Trucks Market
Figure 8    Electric Trucks Market: Research Design And Methodology
Figure 9    Research Approach: Electric Trucks Market
2.3.3    Demand-Side Approach
2.4    Data Triangulation
Figure 10    Data Triangulation
2.5    Factor Analysis
2.5.1    Factor Analysis For Market Sizing: Demand- And Supply-Side
2.6    Research Assumptions
2.7    Research Limitations
3    Executive Summary
Figure 11    Electric Trucks Market Dynamics
Table 4    Adoption Of Electric Commercial Vehicles, By Company
Figure 12    NMC Batteries To Hold The Largest Share In The Electric Truck Market, 2021 Vs. 2030 (Units)
Figure 13    The Heavy-Duty Trucks Segment Is Expected To Grow At The Highest Growth During The Forecast Period
3.1    Covid-19 Impact On Electric Trucks Market, 2021–2030
Figure 14    Impact Of Covid-19 On Electric Truck Market
4    Premium Insights
4.1    Attractive Opportunities In The Electric Trucks Market
Figure 15    Increased Fuel-Efficient Vehicle Ownership Is Expected To Drive The Demand For Electric Trucks
4.2    Electric Trucks Market, By Region
Figure 16    Asia Pacific Is Estimated To Account For The Largest Share Of Electric Trucks Market In 2021
4.3    Electric Trucks Market, By Battery Type
Figure 17    The Lithium-Nickel-Manganese-Cobalt Oxide Segment Is Expected To Lead The Market From 2021 To 2030
4.4    Electric Trucks Market, By Range
Figure 18    Above 200 Miles Segment To Grow At A Higher Rate During The Forecast Period
4.5    Electric Trucks Market, By Propulsion
Figure 19    Fcev Segment Is Projected To Grow At The Highest CAGR
From 2021 To 2030
4.6    Electric Trucks Market, By Level Of Automation
Figure 20    The Semi-Autonomous Electric Trucks Segment Is Expected To Lead The Market
4.7    Electric Trucks Market, By Battery Capacity
Figure 21    50-250 Kwh Segment Is Anticipated To Grow At The Highest CAGR During The Forecast Period
4.8    Electric Trucks Market, By End user
Figure 22    The Field Services Segment Is Projected To Grow At The Highest CAGR From 2021 To 2030
4.9    Electric Trucks Market, By Type
Figure 23    The Light-Duty Trucks Segment Is Expected To Lead The Market
5    Market Overview
5.1    Introduction
5.2    Market Dynamics
Figure 24    Electric Trucks Market: Market Dynamics
Table 5    Electric Trucks Market: Impact Of Market Dynamics
5.2.1    Drivers
5.2.1.1    Reducing The Cost Of EV Batteries
Figure 25    Ev Battery Pricing Analysis
Figure 26    Operating Cost: Electric Trucks Vs. Ice Trucks
5.2.1.2    Lower Operating Costs
Table 6    Average Gasoline Prices In US (2016-2020)
Table 7    Average Diesel Prices In US (2016-2020)
Figure 27    Oil Consumption Around The World In The Past 10 Years
5.2.1.3    Upcoming EV Truck Models Being Developed With Higher Vehicle Range
Table 8    New And Upcoming EV Truck Models (2021)
5.2.1.4    Rising Demand For Electric Trucks In The Logistics And Other Industries
Figure 28    Electric Trucks Market Share, By End user (2020)
5.2.2    Restraints
5.2.2.1    High Initial Investment Required In Electric Truck Production
Figure 29    Fuel Infrastructure: Initial Investment
5.2.2.2    Lack Of EV Charging Infrastructure
Figure 30    EV Charger Density Comparison
Figure 31    Private, Semi-Public, And Public Charging
5.2.2.3    Long Charging Time Compared To Other Fuels
Figure 32    Charging Time Required To Charge using Different Charging Types
5.2.2.4    Limited Vehicle Range
5.2.3    Opportunities
5.2.3.1    Development Of Self-Driving Truck Technology
5.2.3.2    Government Initiatives Pertaining To EVs
Figure 33    Electrification Target, By Country
Figure 34    Regulatory Comparison For EVs Across The World
Table 9    Government Programs For The Promotion Of Electric Commercial Vehicle Sales
5.2.3.3    Development Of Wireless EV Charging Technology For Easy Truck Charging
5.2.4    Challenges
5.2.4.1    High Cost Of Existing Range Of Electric Trucks
5.2.4.2    Insufficient Standardization Of EV Charging Infrastructure
Figure 35    EV Chargers used Around The World
5.3    Porter’s Five Forces
Figure 36    Porter’s Five Forces: Electric Trucks Market
Table 10    Electric Trucks Market: Impact Of Porters 5 Forces
5.3.1    Threat Of Substitutes
5.3.2    Threat Of New Entrants
5.3.3    Bargaining Power Of Buyers
5.3.4    Bargaining Power Of Suppliers
5.3.5    Rivalry Among Existing Competitors
5.4    Electric Trucks Market Ecosystem
Figure 37    Electric Trucks Market: Ecosystem Analysis
5.4.1    EV Charging Providers
5.4.2    Tier I Suppliers
5.4.3    Oems
5.4.4    End user
Table 11    Electric Trucks Market: Role Of Companies In Ecosystem
5.5    Value Chain Analysis
Figure 38    Value Chain Analysis Of Electric Trucks Market
5.6    Revenue Shift For Electric Trucks Manufacturer
Figure 39    Revenue Shift And Hot Bets In Electric Trucks Market
5.7    Electric Truck Pricing Analysis
Table 12    Diesel/Petrol Truck: Average Price Comparison
Table 13    Electric Truck: Average Price Comparison
5.8    Technology Analysis
5.8.1    Smart Charging System In E-Truck Stations
Figure 40    Smart EV Charging System
5.8.2    Solid-State Battery (SSB)
5.8.3    Iot In Electric Vehicles
5.9    Patent Analysis
Table 14    Important Patent Registrations Related To The Electric Truck Market
5.10    Case Study
5.10.1    A Case Study On Battery-Electric Truck user’S Experiences In Norway
5.11    Regulatory Overview
5.11.1    Netherlands
Table 15    Netherlands: Incentives For Electric Vehicles
Table 16    Netherlands: Electric Vehicle Charging Station Incentives
5.11.2    Germany
Table 17    Germany: Electric Vehicle Incentives
Table 18    Germany: Electric Vehicle Charging Station Incentives
5.11.3    France
Table 19    France: Electric Vehicle Incentives
Table 20    France: Electric Vehicle Charging Station Incentives
5.11.4    Uk
Table 21    Uk: Electric Vehicle Incentives
Table 22    Uk: Electric Vehicle Charging Station Incentives
5.11.5    China
Table 23    China: Electric Vehicle Incentives
Table 24    China: Electric Vehicle Charging Station Incentives
5.11.6    us
Table 25    US: Electric Vehicle Incentives
Table 26    US: Electric Vehicle Charging Station Incentives
5.12    Covid-19 Impact Analysis
5.12.1    Impact On Raw Material Supply
5.12.2    Covid-19 Impact On The Automotive Industry
5.12.3    OEM Announcements
Table 27    OEM Announcements
5.12.4    Impact On Electric Truck Production
5.13    Electric Truck Market, Scenarios (2021–2030)
5.13.1    Most Likely Scenario
Table 28    Electric Trucks Market (Most Likely), By Region, 2021–2030 (Units)
5.13.2    Optimistic Scenario
Table 29    Electric Trucks Market (Optimistic), By Region, 2021–2030 (Units)
5.13.3    Pessimistic Scenario
Table 30    Electric Trucks Market (Pessimistic), By Region, 2021–2030 (Units)
6    Electric Trucks Market, By Battery Capacity
6.1    Introduction
Figure 41    50-250 Kwh Segment Expected To Grow At The Highest CAGR During Forecast Period
Table 31    Electric Trucks Market Size, By Battery Capacity, 2019–2030 (Units)
6.2    Operational Data
Table 32    Electric Trucks And Their Battery Capacities
Table 33    Vehicle Models, By Battery Capacity
6.2.1    Assumptions
Table 34    Assumptions: By Battery Capacity
6.2.2    Research Methodology
6.3    <50 Kwh
6.3.1    High Adoption Rate Of Electric Pick-Up Trucks Is Expected To Boost The <50 Kwh Segment
Table 35    <50 Kwh: Electric Trucks Market, By Region, 2019–2030 (Units)
6.4    50-250 Kwh
6.4.1    Affordable Electric Trucks And Pick-Up Trucks Drive 50-250 Kwh Segment In Asia Pacific
Table 36    50-250 Kwh: Electric Trucks Market, By Region, 2019–2030 (Units)
6.5    Above 250 Kwh
6.5.1    Trucks With A Battery Capacity Of More Than 250 Kwh Is Preferred To Transport Heavy Logistics
Table 37    Above 250 Kwh: Electric Trucks Market, By Region, 2019–2030 (Units)
6.6    Key Industry Insights
7    Electric Trucks Market, By Battery Type
7.1    Introduction
Figure 42    Lithium-Nickel-Manganese-Cobalt Oxide (Nmc) Segment Is Expected To Dominate The Electric Trucks Market During The Forecast Period
Table 38    Electric Trucks Market Size, By Battery Type, 2019–2030 (Units)
7.2    Operational Data
Table 39    Electric Trucks Data, Battery Type
Table 40    Types Of Lithium-Ion Battery Chemistries
Table 41    Most Commonly used Lithium-Ion Batteries And Their Specifications
7.2.1    Assumptions
7.2.2    Research Methodology
7.3    Lithium-Nickel-Manganese-Cobalt Oxide
7.3.1    Advancements In Battery Technology To Boost Nmc Segment
Table 42    Lithium-Nickel-Manganese-Cobalt Oxide Batteries In Electric Trucks Market, By Region, 2019–2030 (Units)
7.4    Lithium-Iron-Phosphate
7.4.1    Low Prices Of LFP Batteries Drive Market
Table 43    Lithium-Iron-Phosphate Batteries In Electric Trucks Market, By Region, 2019–2030 (Units)
7.5    Others
7.5.1    OEMs Focus On R&D To Boost The Market For Other Batteries
Table 44    Other Batteries In Electric Trucks Market, By Region, 2019–2030 (Units)    1
7.6    Key Industry Insights
8    Electric Trucks Market, By End user
8.1    Introduction
8.2    Operational Data
8.2.1    Assumptions
Table 47    Assumptions: By End user
8.2.2    Research Methodology
8.3    Last Mile Delivery
8.4    Field Services
8.5    Distribution Services
8.6    Long Haul Transportation
8.7    Refuse Services
8.8    Key Industry Insights
9    Electric Trucks Market, Level Of Automation
9.1    Introduction
9.2    Electric Trucks Market, By Level Of Automation
Figure 44    Electric Trucks Market, By Level Of Automation, 2021 Vs. 2030 (Units)
Table 48    Electric Trucks Market Size, By Level Of Automation, 2021–2030 (Units)
9.3    Operational Data
Table 49    Developments From OEMs Towards Self-Driving Technology
9.3.1    Assumptions
Table 50    Assumptions: By Electric Vehicle Type
9.3.2    Research Methodology
9.4    Level 1
9.5    Level 2 & 3
9.6    Level 4
9.7    Level 5
Table 51    OEM Models, By Level Of Automation
9.8    Key Industry Insights
10    Electric Trucks Market, By Payload Capacity
10.1    Introduction
10.2    Operational Data
Table 52    Operational Data: Electric Trucks Data Based On Payload Capacity
10.3    Upto 10,000 Lbs
10.4    10,001- 26,000 Lbs
10.5    Above 26,000 Lbs
11    Electric Truck Market, By Propulsion Type
11.1    Introduction
Figure 45    The Bev Segment Is Expected To Dominate The Electric Trucks Market During The Forecast Period
Table 53    Electric Trucks Market Size, By Propulsion Type, 2019–2030 (Units)
11.2    Operational Data
Table 54    Electric Truck Data, By Propulsion Type
11.2.1    Assumptions
11.2.2    Upcoming Electric Trucks And Electric Pick-Up Truck Models
11.2.3    Research Methodology
11.3    Bev
11.3.1    Asia Pacific Is Expected To Dominate The Bev Market
Table 55    Battery Electric Vehicles Market, By Region, 2019–2030 (Units)
11.4    Fcev
11.4.1    Ongoing Developments By Oems To Drive Fcev Market
Table 56    Fuel Cell Electric Vehicles Market, By Region, 2019–2030 (Units)
11.5    Phev
11.5.1    Asia Pacific Is Projected To Be The Largest Phev Market
Table 57    Plug-In Hybrid Electric Vehicles Market, By Region, 2019–2030 (Units)
11.6    Key Industry Insights
12    Electric Truck Market, By Range
12.1    Introduction
Figure 46    The Upto 200 Miles Segment Expected To Dominate Electric Trucks Market During The Forecast Period    1
Table 58    Electric Trucks Market Size, By Range, 2019–2030 (Units)
12.2    Operational Data
Table 59    New And Upcoming EV Truck Models, By Range
12.2.1    Assumptions
Table 60    Assumptions: By Range
12.2.2    Research Methodology
12.3    Upto 200 Miles
12.3.1    Affordable Electric Trucks Have A Range Of Upto 200 Miles
Table 61    Upto 200 Miles: Electric Trucks Market, By Region, 2019–2030 (Units)
12.4    Above 200 Miles
12.4.1    Advancements In Battery Technologies Will Drive The Demand For Vehicles Having A Range Of Above 200 Miles
Table 62    Above 200 Miles: Electric Trucks Market, By Region, 2019–2030 (Units)
12.5    Key Industry Insights
13    Electric Trucks Market, By Type
13.1    Introduction
Table 63    Electric Trucks Market, By Type, 2019–2030 (Units)
Figure 47    The Heavy-Duty Trucks Segment Is Expected To Grow At The Highest CAGR During The Forecast Period
13.2    Operational Data
Table 64    Top New And Upcoming Electric Trucks Across The World
13.2.1    Assumptions
Table 65    Assumptions: By Type
13.2.2    Research Methodology
13.3    Light-Duty Trucks
13.3.1    Growing Emission Norms And Last Mile Delivery For Commercial use Will Boost The Demand For These Trucks
Table 66    Light-Duty Electric Vehicle Regulations
Table 67    Light-Duty Electric Trucks Market, By Region, 2019–2030 (Units)
Table 68    Light-Duty Commercial Trucks Market, By Robotaxi Market, 2021–2030 (Units)
13.4    Medium-Duty Trucks
13.4.1    The Adoption Of Electric Trucks In E-Commerce And Intra-State Logistics Will Boost The Demand For These Trucks
Table 69    Medium-Duty Electric Trucks Market, By Region, 2019–2030 (Units)
13.5    Heavy-Duty Trucks
13.5.1    Adoption Of Electric Trucks For Inter-State Logistics And Specialised Trucks Will Increase The Demand For These Trucks
Table 70    Heavy-Duty Electric Vehicle Regulations
Table 71    Heavy-Duty Electric Trucks Market, By Region, 2019–2030 (Units)
13.6    Key Primary Insights
14    Electric Trucks Market, By Region
14.1    Introduction
Figure 48    Asia Pacific Is Expected To Be The Largest Market For Electric Trucks During The Forecast Period
Table 72    Electric Trucks Market, By Region, 2019–2030 (usd Million)
Table 73    Electric Trucks Market, By Region, 2019–2030 (Units)
14.2    Asia Pacific
Figure 49    Asia Pacific: Electric Trucks Market Snapshot
Table 74    Asia Pacific: Electric Trucks Market, By Country, 2019–2030 (Units)
14.2.1    China
14.2.1.1    Increased Investment In Charging Infrastructure Will Drive The Market
Table 75    China: Electric Trucks Market, By Type, 2019–2030 (Units)
14.2.2    India
14.2.2.1    Government Initiatives Expected To Drive The Demand For Electric Trucks In The Country
Table 76    India: Electric Trucks Market, By Type, 2019–2030 (Units)
14.2.3    Japan
14.2.3.1    Advancements In Battery Technology Will Boost The Market
Table 77    Japan: Electric Trucks Market, By Type, 2019–2030 (Units)
14.2.4    South Korea
14.2.4.1    Increased Investment In Electric Commercial Vehicles Will Boost The Market
Table 78    South Korea: Electric Trucks Market, By Type, 2019–2030 (Units)
14.3    Europe
Figure 50    Europe: Electric Trucks Market Snapshot
Table 79    Europe: Electric Truck Market, By Country, 2019–2030 (Units)
14.3.1    France
14.3.1.1    Government Offering Purchase Grants Will Boost The Market
Table 80    France: Electric Trucks Market, By Type, 2019–2030 (Units)
14.3.2    Germany
14.3.2.1    E-Highway Program Will Boost The Market
Table 81    Germany: Electric Trucks Market, By Type, 2019–2030 (Units)
14.3.3    Netherlands
14.3.3.1    Government Focus On Greener Vehicles Will Boost The Demand For Electric Trucks
Table 82    Netherlands: Electric Trucks Market, By Type, 2019–2030 (Units)
14.3.4    Norway
14.3.4.1    Government Incentives Will Fuel The Demand For Electric Trucks
Table 83    Norway: Electric Trucks Market, By Type, 2019–2030 (Units)
14.3.5    Sweden
14.3.5.1    The Presence Of Top Oems Is Expected To Boost The Market
Table 84    Sweden: Electric Trucks Market, By Type, 2019–2030 (Units)
14.3.6    UK
14.3.6.1    Country Investment Towards Ultra-Low Emission Vehicles Will Boost The Market
Figure 51    UK: Roadmap To 2035
Table 85    UK: Electric Trucks Market, By Type, 2019–2030 (Units)
14.4    North America
Figure 52    North America: Electric Truck Market Snapshot
Table 86    North America: Electric Truck Market, By Country, 2019–2030 (Units)
14.4.1    Canada
14.4.1.1    Increasing Development In Electric Vehicles Infrastructure Will Boost The Market
Table 87    Canada: Electric Truck Market, By Type, 2019–2030 (Units)
14.4.2    US
14.4.2.1    Increasing Developments In Electric Truck Technology Will Drive The Market
Table 88    US: Electric Trucks Market, By Type, 2019–2030 (Units)
15    Competitive Landscape
15.1    Overview
Figure 53    Key Developments By Leading Players, 2018–2021
15.2    Market Share Analysis For The Electric Trucks Market
Table 89    Market Share Analysis, 2020
Figure 54    Market Share Analysis, 2020
15.3    Revenue Analysis Of Top Key Players
15.4    Competitive Scenario
15.4.1    New Product Launches
Table 90    Product Launches, 2018–2021
15.5    Deals
Table 91    Deals, 2018–2021
15.6    Others
Table 92    Others, 2018-2021
15.7    Company Evaluation Quadrant
15.7.1    Stars
15.7.2    Emerging Leaders
15.7.3    Pervasive
15.7.4    Participants
Figure 55    Electric Truck Market: Company Evaluation Quadrant, 2021
15.8    Electric Trucks Market: Company Footprint, 2021
15.9    Electric Trucks Market: Product Footprint, 2021
15.10    Electric Trucks Market: Regional Footprint, 2021
15.11    Winners Vs. Tail-Enders
16    Company Profiles
(Business Overview, Products Offered, Swot Analysis)
16.1    Key Players
16.1.1    BYD
Table 93    BYD: Business Overview
Figure 56    BYD: Company Snapshot
Table 94    BYD: Products Offered
Table 95    BYD: New Product Developments
Table 96    BYD: Deals
Table 97    BYD: Others
16.1.2    AB Volvo
Table 98    AB Volvo: Business Overview
Figure 57    AB Volvo: Company Snapshot
Table 99    AB Volvo: Products Offered
Table 100    AB Volvo: New Product Developments
Table 101    AB Volvo: Deals
Table 102    AB Volvo: Others
16.1.3    Daimler AG
Table 103    Daimler AG: Business Overview
Figure 58    Daimler AG: Company Snapshot
Table 104    Daimler AG: Products Offered
Table 105    Daimler AG: New Product Developments
Table 106    Daimler AG: Deals
Table 107    Daimler AG: Others
16.1.4    Paccar Inc
Table 108    Paccar Inc: Business Overview
Figure 59    Paccar Inc: Company Snapshot
Table 109    Paccar Inc: Products Offered
Table 110    Paccar Inc: New Product Developments
Table 111    Paccar Inc: Deals
16.1.5    Scania Ab
Table 112    Scania Ab: Business Overview
Figure 60    Scania Ab: Company Snapshot
Table 113    Scania Ab: Products Offered
Table 114    Scania Ab: New Product Developments
Table 115    Scania Ab: Deals
Table 116    Scania Ab: Others
16.1.6    Rivian
Table 117    Rivian: Business Overview
Table 118    Rivian: Products Offered
Table 119    Rivian: New Product Developments
Table 120    Rivian: Deals
Table 121    Rivian: Others
16.1.7    Tesla, Inc
Table 122    Tesla, Inc.: Business Overview
Figure 61    Tesla, Inc.: Company Snapshot
Table 123    Tesla, Inc.: Products Offered
Table 124    Tesla, Inc.: New Product Developments
Table 125    Tesla, Inc.: Deals
16.1.8    Navistar Inc
Table 126    Navistar Inc: Business Overview
Figure 62    Navistar Inc: Company Snapshot
Table 127    Navistar Inc: Products Offered
Table 128    Navistar Inc: New Product Developments
Table 129    Navistar Inc: Deals
Table 130    Navistar Inc: Others
16.1.9    Dongfeng Motor Corporation
Table 131    Dongfeng Motor Corporation: Business Overview
Figure 63    Dongfeng Motor Corporation: Company Snapshot
Table 132    Dongfeng Motor Corporation: Products Offered
Table 133    Dongfeng Motor Corporation: Deals
16.1.10    FAW Group Corporation
Table 134    FAW Group Corporation: Business Overview
Table 135    FAW Group Corporation: Products Offered
Table 136    FAW Group Corporation: New Product Developments
16.1.11    Proterra
Table 137    Proterra: Business Overview
Table 138    Proterra: Products Offered
Table 139    Proterra: New Product Developments
Table 140    Proterra: Deals
16.1.12    VDL Groep
Table 141    VDL Groep: Business Overview
Figure 64    VDL Groep: Company Snapshot
Table 142    VDL Groep: Products Offered
Table 143    VDL Groep: New Product Developments
Table 144    VDL Groep: Deals
*Details On Business Overview, Products Offered, Recent Developments Not Be Captured In Case Of Unlisted Companies
16.2    Other Key Players
16.2.1    Tata Motors
16.2.2    Workhorse
16.2.3    Nikola Corporation
16.2.4    Ford Motor Company
16.2.5    Ashok Leyland
16.2.6    Isuzu Motors Ltd
16.2.7    Yinlong Energy Co, Ltd
16.2.8    Irizar Group
16.2.9    Iveco S.P.A
16.2.10    Triton
16.2.11    Bollinger Motors
16.2.12    XOS Trucks Inc
16.2.13    Atlis Motor Vehicles
16.2.14    Emoss Mobile Systems BV
16.2.15    Kaiyun Motors
17    Recommendations
17.1    North America And Asia Pacific Are Key Markets For Electric Trucks
17.2    Adoption Of Light-Duty Electric Trucks Is On The Rise
17.3    Conclusion
18    Appendix
18.1    Key Insights Of Industry Experts
18.2    Discussion Guide
Note: Product cover images may vary from those shown
  • BYD 
  • AB Volvo    
  • Daimler AG      
  • Paccar Inc    
  • Scania Ab    
  • Rivian    
  • Tesla, Inc    
  • Navistar Inc     
  • Dongfeng Motor Corporation     
  • FAW Group Corporation     
  • Proterra     
  • VDL Groep       
  • Tata Motors    
  • Workhorse    
  • Nikola Corporation    
  • Ford Motor Company    
  • Ashok Leyland    
  • Isuzu Motors Ltd     
  • Yinlong Energy Co, Ltd 
  • Irizar Group     
  • Iveco S.P.A    
  • Triton     
  • Bollinger Motors    
  • XOS Trucks Inc    
  • Atlis Motor Vehicles    
  • Emoss Mobile Systems BV   
  • Kaiyun Motors  

 


Note: Product cover images may vary from those shown

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