The electric trucks market is expected to grow from US$ 4,592.55 million in 2021 to US$ 26,542.90 million by 2028.
The electric trucks market in North America and Europe is expanding significantly. The market growth in these regions is ascribed to ongoing developments in battery materials and the rising focus on green mobility. As the sales of heavy battery-electric trucks begin to pick up, the international trucking sector is migrating toward more sustainable transportation, with Europe leading the way. Europe has an increasingly large number of heavy all-electric vehicles in commercial fleets on the road.
China is the largest contributor to the APAC electric trucks market. In other countries of APAC, manufacturers are being encouraged to use electrical technology with the rising stringency of pollution limits in several nations. South Korea and Japan are expected to make significant investments in EV infrastructure, including charging stations. Asia-Pacific is expected to register the highest CAGR in the electric trucks market during the forecast period.
In Europe, the number of commercial vehicles empowered with electric propulsion (2.0%) lagged behind the number of electrically powered passenger automobiles (5.9%) in 2020. The development of electrified commercial vehicles has been a priority for European manufacturers. However, the subsidies focus more on passenger cars.
Several South American countries are leading the way in the electric truck sector. Owing to the public-private partnerships, Chile is predicted to be one of the most competitive and attractive hybrid and electric vehicle markets during 2020-2025. Brazil is a developing market with conducive conditions for the development of flex-hybrid technology, among others. Mexico and Brazil are predicted to be the largest EV markets in terms of actual market volume, while Colombia and Chile are expected to be the fastest-growing markets in South America. Uruguay and Ecuador have announced incentives and financial plans to encourage the adoption of electric buses in local fleets, and thus, they have significant hybrid technology penetration rates.
The key companies operating in the electric trucks market include Daimler AG; AB Volvo; Tesla; BYD Company Ltd; Navistar Inc; FAW Group Co. Ltd; PACCAR Inc; Rivian; Scania; and Proterra Inc.
The current government and regulatory policies in North America fuel the production and sales of electric trucks in the region. For instance, the South Coast Air Quality Management District (South Coast AQMD) is engaged with the California Air Resources Board (CARB) and the California Energy Commission (CEC) for the deployment of 100 battery-electric regional haul and drayage trucks across California, through a partnership with NFI Industries (NFI) and Schneider. This partnership and related development is supported under the Joint Electric Truck Scaling Initiative (JETSI). Being the largest initiative for the commercial deployment of battery-electric trucks in North America to date, the JETSI aims to increase the number of zero-emission heavy-duty trucks for the movement of goods. The Federal Government of the US has set a goal: by 2030, half of all new passenger cars and light trucks sold should be ZEVs, a category including both battery-electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) that can be charged with electricity, as well as hydrogen-powered fuel-cell electric vehicles (FCEVs).
The need for electric trucks was prevalent during the pre-COVID-19 period due to the growing urban population. The sluggish demand for electric trucks largely impacted global and regional sales, which has disrupted material and component supplies, production schedules, and sales dynamics (thereby boosting online sales). Confinement measures for COVID-19 control were a major reason for the drop in automotive manufacturing in the first half of 2020. Since China is one of the world's leading manufacturers of automobile parts, most traditional vehicle components are procured or manufactured domestically in the country. In China, domestic production of traditional vehicle components, such as electric motors, quickly recovered after the lockdown was lifted; however, production of special EV components, such as power batteries, lagged, due to supply pressure from upstream raw materials, as well as due to lowered demand in downstream markets.
The overall electric trucks market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast of the electric trucks market analysis with respect to all the segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. Participants of this process include VPs, business development managers, market intelligence managers, national sales managers, and external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the electric trucks market.
The electric trucks market in North America and Europe is expanding significantly. The market growth in these regions is ascribed to ongoing developments in battery materials and the rising focus on green mobility. As the sales of heavy battery-electric trucks begin to pick up, the international trucking sector is migrating toward more sustainable transportation, with Europe leading the way. Europe has an increasingly large number of heavy all-electric vehicles in commercial fleets on the road.
China is the largest contributor to the APAC electric trucks market. In other countries of APAC, manufacturers are being encouraged to use electrical technology with the rising stringency of pollution limits in several nations. South Korea and Japan are expected to make significant investments in EV infrastructure, including charging stations. Asia-Pacific is expected to register the highest CAGR in the electric trucks market during the forecast period.
In Europe, the number of commercial vehicles empowered with electric propulsion (2.0%) lagged behind the number of electrically powered passenger automobiles (5.9%) in 2020. The development of electrified commercial vehicles has been a priority for European manufacturers. However, the subsidies focus more on passenger cars.
Several South American countries are leading the way in the electric truck sector. Owing to the public-private partnerships, Chile is predicted to be one of the most competitive and attractive hybrid and electric vehicle markets during 2020-2025. Brazil is a developing market with conducive conditions for the development of flex-hybrid technology, among others. Mexico and Brazil are predicted to be the largest EV markets in terms of actual market volume, while Colombia and Chile are expected to be the fastest-growing markets in South America. Uruguay and Ecuador have announced incentives and financial plans to encourage the adoption of electric buses in local fleets, and thus, they have significant hybrid technology penetration rates.
The key companies operating in the electric trucks market include Daimler AG; AB Volvo; Tesla; BYD Company Ltd; Navistar Inc; FAW Group Co. Ltd; PACCAR Inc; Rivian; Scania; and Proterra Inc.
The current government and regulatory policies in North America fuel the production and sales of electric trucks in the region. For instance, the South Coast Air Quality Management District (South Coast AQMD) is engaged with the California Air Resources Board (CARB) and the California Energy Commission (CEC) for the deployment of 100 battery-electric regional haul and drayage trucks across California, through a partnership with NFI Industries (NFI) and Schneider. This partnership and related development is supported under the Joint Electric Truck Scaling Initiative (JETSI). Being the largest initiative for the commercial deployment of battery-electric trucks in North America to date, the JETSI aims to increase the number of zero-emission heavy-duty trucks for the movement of goods. The Federal Government of the US has set a goal: by 2030, half of all new passenger cars and light trucks sold should be ZEVs, a category including both battery-electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) that can be charged with electricity, as well as hydrogen-powered fuel-cell electric vehicles (FCEVs).
The need for electric trucks was prevalent during the pre-COVID-19 period due to the growing urban population. The sluggish demand for electric trucks largely impacted global and regional sales, which has disrupted material and component supplies, production schedules, and sales dynamics (thereby boosting online sales). Confinement measures for COVID-19 control were a major reason for the drop in automotive manufacturing in the first half of 2020. Since China is one of the world's leading manufacturers of automobile parts, most traditional vehicle components are procured or manufactured domestically in the country. In China, domestic production of traditional vehicle components, such as electric motors, quickly recovered after the lockdown was lifted; however, production of special EV components, such as power batteries, lagged, due to supply pressure from upstream raw materials, as well as due to lowered demand in downstream markets.
The overall electric trucks market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast of the electric trucks market analysis with respect to all the segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. Participants of this process include VPs, business development managers, market intelligence managers, national sales managers, and external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the electric trucks market.
Table of Contents
1. Introduction1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
1.3.1 Global Electric Trucks Market - By Propulsion
1.3.2 Global Electric Trucks Market - By Vehicle Type
1.3.3 Global Electric Trucks Market - By Range
1.3.4 Global Electric Trucks Market - By Level of Automation
1.3.5 Global Electric Trucks Market - By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Electric Trucks Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Electric Trucks Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Government Initiatives and Stringent Emission Rules to Boost the Electric Trucks Growth
5.1.2 Surge in Global Production and Sales of EVs
5.2 Market Restraints
5.2.1 Low Penetration of Electric Powertrain in Heavy Commercial Vehicles (HCV) is Flourishing the Growth for Diesel Powertrain
5.3 Market Opportunities
5.3.1 Manufacturing of Self-Driving Truck Technology
5.4 Future Trends
5.4.1 Smart Charging and Connected Infrastructure
5.5 Impact Analysis of Drivers and Restraints
6. Electric Trucks Market - Global Market Analysis
6.1 Electric Trucks Market Global Overview
6.2 Global Electric Trucks Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. Electric Trucks Market Revenue and Forecast to 2028 - Type
7.1 Overview
7.2 Electric Trucks Market, By Propulsion Type (2021 and 2028)
7.3 BEV
7.3.1 Overview
7.3.2 BEV: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
7.4 PHEV
7.4.1 Overview
7.4.2 PHEV: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
7.5 FCV
7.5.1 Overview
7.5.2 FCV: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
8. Electric Trucks Market - By Vehicle Type
8.1 Overview
8.2 Electric Trucks Market, By Vehicle Type (2021 and 2028)
8.3 LCV
8.3.1 Overview
8.3.2 LCV: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Medium and HCV
8.4.1 Overview
8.4.2 Medium and HCV: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
9. Electric Trucks Market - By Range
9.1 Overview
9.2 Electric Trucks Market, By Range (2021 and 2028)
9.3 Less than 200 miles
9.3.1 Overview
9.3.2 Less than 200 miles: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
9.4 More than 200 miles
9.4.1 Overview
9.4.2 More than 200 miles: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
10. Electric Trucks Market - By Level of Automation
10.1 Overview
10.2 Electric Trucks Market, By Level of Automation (2021 and 2028)
10.3 Semi-Autonomous
10.3.1 Overview
10.3.2 Semi-Autonomous: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
10.4 Fully-Autonomous
10.4.1 Overview
10.4.2 Fully-Autonomous: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11. Electric Trucks Market - Geographic Analysis
11.1 Overview
11.2 North America: Electric Trucks Market
11.2.1 North America: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.2.2 North America: Electric Trucks Market, By Propulsion Type
11.2.3 North America: Electric Trucks Market, By Vehicle Type
11.2.4 North America: Electric Trucks Market, By Range
11.2.5 North America: Electric Trucks Market, By Level of Automation
11.2.6 North America: Electric Trucks Market, by Key Country
11.2.6.1 US: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.2.6.1.1 US: Electric Trucks Market, By Propulsion Type
11.2.6.1.2 US: Electric Trucks Market, By Vehicle Type
11.2.6.1.3 US: Electric Trucks Market, By Level of Automation
11.2.6.2 Canada: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.2.6.2.1 Canada: Electric Trucks Market, By Propulsion Type
11.2.6.2.2 Canada: Electric Trucks Market, By Vehicle Type
11.2.6.2.3 Canada: Electric Trucks Market, By Level of Automation
11.2.6.3 Mexico: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.2.6.3.1 Mexico: Electric Trucks Market, By Propulsion Type
11.2.6.3.2 Mexico: Electric Trucks Market, By Vehicle Type
11.2.6.3.3 Mexico: Electric Trucks Market, By Range
11.2.6.3.4 Mexico: Electric Trucks Market, By Level of Automation
11.3 Europe: Electric Trucks Market
11.3.1 Europe: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.3.2 Europe: Electric Trucks Market, By Propulsion Type
11.3.3 Europe: Electric Trucks Market, By Vehicle Type
11.3.4 Europe: Electric Trucks Market, By Range
11.3.5 Europe: Electric Trucks Market, By Level of Automation
11.3.6 Europe: Electric Trucks Market, by Key Country
11.3.6.1 Germany: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.3.6.1.1 Germany: Electric Trucks Market, By Propulsion Type
11.3.6.1.2 Germany: Electric Trucks Market, By Vehicle Type
11.3.6.1.3 Germany: Electric Trucks Market, By Range
11.3.6.1.4 Germany: Electric Trucks Market, By Level of Automation
11.3.6.2 France: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.3.6.2.1 France: Electric Trucks Market, By Propulsion Type
11.3.6.2.2 France: Electric Trucks Market, By Vehicle Type
11.3.6.2.3 France: Electric Trucks Market, By Range
11.3.6.2.4 France: Electric Trucks Market, By Level of Automation
11.3.6.3 Italy: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.3.6.3.1 Italy: Electric Trucks Market, By Propulsion Type
11.3.6.3.2 Italy: Electric Trucks Market, By Vehicle Type
11.3.6.3.3 Italy: Electric Trucks Market, By Range
11.3.6.3.4 Italy: Electric Trucks Market, By Level of Automation
11.3.6.4 UK: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.3.6.4.1 UK: Electric Trucks Market, By Propulsion Type
11.3.6.4.2 UK: Electric Trucks Market, By Vehicle Type
11.3.6.4.3 UK: Electric Trucks Market, By Range
11.3.6.4.4 UK: Electric Trucks Market, By Level of Automation
11.3.6.5 Russia: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.3.6.5.1 Russia: Electric Trucks Market, By Propulsion Type
11.3.6.5.2 Russia: Electric Trucks Market, By Vehicle Type
11.3.6.5.3 Russia: Electric Trucks Market, By Range
11.3.6.5.4 Russia: Electric Trucks Market, By Level of Automation
11.3.6.6 Rest of Europe: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.3.6.6.1 Rest of Europe: Electric Trucks Market, By Propulsion Type
11.3.6.6.2 Rest of Europe: Electric Trucks Market, By Vehicle Type
11.3.6.6.3 Rest of Europe: Electric Trucks Market, By Range
11.3.6.6.4 Rest of Europe: Electric Trucks Market, By Level of Automation
11.4 APAC: Electric Trucks Market
11.4.1 APAC: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.4.2 APAC: Electric Trucks Market, By Propulsion Type
11.4.3 APAC: Electric Trucks Market, By Vehicle Type
11.4.4 APAC: Electric Trucks Market, By Range
11.4.5 APAC: Electric Trucks Market, By Level of Automation
11.4.6 APAC: Electric Trucks Market, by Key Country
11.4.6.1 Australia: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.4.6.1.1 Australia: Electric Trucks Market, By Propulsion Type
11.4.6.1.2 Australia: Electric Trucks Market, By Vehicle Type
11.4.6.1.3 Australia: Electric Trucks Market, By Range
11.4.6.1.4 Australia: Electric Trucks Market, By Level of Automation
11.4.6.2 China: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.4.6.2.1 China: Electric Trucks Market, By Propulsion Type
11.4.6.2.2 China: Electric Trucks Market, By Vehicle Type
11.4.6.2.3 China: Electric Trucks Market, By Range
11.4.6.2.4 China: Electric Trucks Market, By Level of Automation
11.4.6.3 India: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.4.6.3.1 India: Electric Trucks Market, By Propulsion Type
11.4.6.3.2 India: Electric Trucks Market, By Vehicle Type
11.4.6.3.3 India: Electric Trucks Market, By Range
11.4.6.3.4 India: Electric Trucks Market, By Level of Automation
11.4.6.4 Japan: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.4.6.4.1 Japan: Electric Trucks Market, By Propulsion Type
11.4.6.4.2 Japan: Electric Trucks Market, By Vehicle Type
11.4.6.4.3 Japan: Electric Trucks Market, By Range
11.4.6.4.4 Japan: Electric Trucks Market, By Level of Automation
11.4.6.5 South Korea: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.4.6.5.1 South Korea: Electric Trucks Market, By Propulsion Type
11.4.6.5.2 South Korea: Electric Trucks Market, By Vehicle Type
11.4.6.5.3 South Korea: Electric Trucks Market, By Range
11.4.6.5.4 South Korea: Electric Trucks Market, By Level of Automation
11.4.6.6 Rest of APAC: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.4.6.6.1 Rest of APAC: Electric Trucks Market, By Propulsion Type
11.4.6.6.2 Rest of APAC: Electric Trucks Market, By Vehicle Type
11.4.6.6.3 Rest of APAC: Electric Trucks Market, By Range
11.4.6.6.4 Rest of APAC: Electric Trucks Market, By Level of Automation
11.5 MEA: Electric Trucks Market
11.5.1 MEA: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.5.2 MEA: Electric Trucks Market, By Propulsion Type
11.5.3 MEA: Electric Trucks Market, By Vehicle Type
11.5.4 MEA: Electric Trucks Market, By Range
11.5.5 MEA: Electric Trucks Market, By Level of Automation
11.5.6 MEA: Electric Trucks Market, by Key Country
11.5.6.1 South Africa: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.5.6.1.1 South Africa: Electric Trucks Market, By Propulsion Type
11.5.6.1.2 South Africa: Electric Trucks Market, By Vehicle Type
11.5.6.1.3 South Africa: Electric Trucks Market, By Range
11.5.6.1.4 South Africa: Electric Trucks Market, By Level of Automation
11.5.6.2 Saudi Arabia: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.5.6.2.1 Saudi Arabia: Electric Trucks Market, By Propulsion Type
11.5.6.2.2 Saudi Arabia: Electric Trucks Market, By Vehicle Type
11.5.6.2.3 Saudi Arabia: Electric Trucks Market, By Range
11.5.6.2.4 Saudi Arabia: Electric Trucks Market, By Level of Automation
11.5.6.3 UAE: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.5.6.3.1 UAE: Electric Trucks Market, By Propulsion Type
11.5.6.3.2 UAE: Electric Trucks Market, By Vehicle Type
11.5.6.3.3 UAE: Electric Trucks Market, By Range
11.5.6.3.4 UAE: Electric Trucks Market, By Level of Automation
11.5.6.4 Rest of MEA: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.5.6.4.1 Rest of MEA: Electric Trucks Market, By Propulsion Type
11.5.6.4.2 Rest of MEA: Electric Trucks Market, By Vehicle Type
11.5.6.4.3 Rest of MEA: Electric Trucks Market, By Range
11.5.6.4.4 Rest of MEA: Electric Trucks Market, By Level of Automation
11.6 SAM: Electric Trucks Market
11.6.1 SAM: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.6.2 SAM: Electric Trucks Market, By Propulsion Type
11.6.3 SAM: Electric Trucks Market, By Vehicle Type
11.6.4 SAM: Electric Trucks Market, By Range
11.6.5 SAM: Electric Trucks Market, By Level of Automation
11.6.6 SAM: Electric Trucks Market, by Key Country
11.6.6.1 Brazil: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.6.6.1.1 Brazil: Electric Trucks Market, By Propulsion Type
11.6.6.1.2 Brazil: Electric Trucks Market, By Vehicle Type
11.6.6.1.3 Brazil: Electric Trucks Market, By Range
11.6.6.1.4 Brazil: Electric Trucks Market, By Level of Automation
11.6.6.2 Argentina: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.6.6.2.1 Argentina: Electric Trucks Market, By Propulsion Type
11.6.6.2.2 Argentina: Electric Trucks Market, By Vehicle Type
11.6.6.2.3 Argentina: Electric Trucks Market, By Range
11.6.6.2.4 Argentina: Electric Trucks Market, By Level of Automation
11.6.6.3 Rest of SAM: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
11.6.6.3.1 Rest of SAM: Electric Trucks Market, By Propulsion Type
11.6.6.3.2 Rest of SAM: Electric Trucks Market, By Vehicle Type
11.6.6.3.3 Rest of SAM: Electric Trucks Market, By Range
11.6.6.3.4 Rest of SAM: Electric Trucks Market, By Level of Automation
12. Impact of COVID-19 Pandemic on Electric Trucks Market
12.1 Overview
12.2 North America: Impact Assessment of COVID-19 Pandemic
12.3 Europe: Impact Assessment of COVID-19 Pandemic
12.4 APAC: Impact Assessment of COVID-19 Pandemic
12.5 MEA: Impact Assessment of COVID-19 Pandemic
12.6 SAM: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Market Initiative
13.2 New Development
14. Company Profile
14.1 AB Volvo
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 BYD Company Ltd
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Daimler AG
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 FAW Group Co.,Ltd.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Navistar, Inc.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 PACCAR Inc.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Proterra Inc.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Rivian
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Scania
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Tesla, Inc.
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About the Publisher
15.2 Glossary
List of Tables
Table 1. Global Electric Trucks Market, Revenue and Forecast, 2019 - 2028 (US$ Million)
Table 2. North America: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 6. North America: Electric Trucks Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 9. US: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 10. US: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 14. Canada: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 17. Mexico: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 18. Mexico: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 19. Europe: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 20. Europe: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 21. Europe: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 22. Europe: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 23. Europe: Electric Trucks Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 24. Germany: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 25. Germany: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 26. Germany: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 27. Germany: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 28. France: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 29. France: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 30. France: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 31. France: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 32. Italy: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 33. Italy: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 34. Italy: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 35. Italy: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 36. UK: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 37. UK: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 38. UK: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 39. UK: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 40. Russia: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 41. Russia: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 42. Russia: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 43. Russia: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 44. Rest of Europe: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 45. Rest of Europe: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 46. Rest of Europe: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 47. Rest of Europe: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 48. APAC: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 49. APAC: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 50. APAC: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 51. APAC: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 52. APAC: Electric Trucks Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 53. Australia: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 54. Australia: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 55. Australia: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 56. Australia: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 57. China: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 58. China: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 59. China: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 60. China: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 61. India: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 62. India: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 63. India: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 64. India: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 65. Japan: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 66. Japan: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 67. Japan: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 68. Japan: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 69. South Korea: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 70. South Korea: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 71. South Korea: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 72. South Korea: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of APAC: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 74. Rest of APAC: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 75. Rest of APAC: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 76. Rest of APAC: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 77. MEA: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 78. MEA: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 79. MEA: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 80. MEA: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 81. MEA: Electric Trucks Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 82. South Africa: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 83. South Africa: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 84. South Africa: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 85. South Africa: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 86. Saudi Arabia: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 87. Saudi Arabia: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 88. Saudi Arabia: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 89. Saudi Arabia: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 90. UAE: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 91. UAE: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 92. UAE: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 93. UAE: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 94. Rest of MEA: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 95. Rest of MEA: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 96. Rest of MEA: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 97. Rest of MEA: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 98. SAM: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 99. SAM: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 100. SAM: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 101. SAM: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 102. SAM: Electric Trucks Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 103. Brazil: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 104. Brazil: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 105. Brazil: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 106. Brazil: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 107. Argentina: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 108. Argentina: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 109. Argentina: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 110. Argentina: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 111. Rest of SAM: Electric Trucks Market, By Propulsion Type - Revenue and Forecast to 2028 (US$ Million)
Table 112. Rest of SAM: Electric Trucks Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 113. Rest of SAM: Electric Trucks Market, By Range - Revenue and Forecast to 2028 (US$ Million)
Table 114. Rest of SAM: Electric Trucks Market, By Level of Automation - Revenue and Forecast to 2028 (US$ Million)
Table 115. Glossary of Terms, Electric Trucks Market
List of Figures
Figure 1. Electric Trucks Market Segmentation
Figure 2. Electric Trucks Market Segmentation - Geography
Figure 3. Electric Trucks Market Overview
Figure 4. Electric Trucks Market, By Propulsion
Figure 5. Electric Trucks Market, By Vehicle Type
Figure 6. Electric Trucks Market, By Range
Figure 7. Electric Trucks Market, By Level of Automation
Figure 8. Electric Trucks Market, By Region
Figure 9. North America: PEST Analysis
Figure 10. Europe: PEST Analysis
Figure 11. APAC: PEST Analysis
Figure 12. MEA: PEST Analysis
Figure 13. SAM: PEST Analysis
Figure 14. Electric Trucks Market Ecosystem Analysis
Figure 15. Expert Opinion
Figure 16. Electric Trucks Market: Impact Analysis of Drivers and Restraints
Figure 17. Geographic Overview of Electric Trucks Market
Figure 18. Global Electric Trucks Market, Forecast and Analysis (US$ Million)
Figure 19. Market Positioning- Top Five Players
Figure 20. Electric Trucks Market Revenue Share, By Propulsion Type (2021 and 2028)
Figure 21. BEV: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. PHEV: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. FCV: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. Electric Trucks Market Revenue Share, By Vehicle Type (2021 and 2028)
Figure 25. LCV: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. Medium and HCV: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. Electric Trucks Market Revenue Share, By Range (2021 and 2028)
Figure 28. Less than 200 miles: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. More than 200 miles: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. Electric Trucks Market Revenue Share, By Level of Automation (2021 and 2028)
Figure 31. Semi-Autonomous: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 32. Fully-Autonomous: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 33. Global Electric Trucks Market Revenue Share, By Region (2021 & 2028)
Figure 34. North America: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 35. North America: Electric Trucks Market Revenue Share, By Propulsion Type (2021 & 2028)
Figure 36. North America: Electric Trucks Market Revenue Share, By Vehicle Type (2021 & 2028)
Figure 37. North America: Electric Trucks Market Revenue Share, By Range (2021 & 2028)
Figure 38. North America: Electric Trucks Market Revenue Share, By Level of Automation (2021 & 2028)
Figure 39. North America: Electric Trucks Market Revenue Share, by Key Country (2021 & 2028)
Figure 40. US: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 41. Canada: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 42. Mexico: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 43. Europe: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 44. Europe: Electric Trucks Market Revenue Share, By Propulsion Type (2021 & 2028)
Figure 45. Europe: Electric Trucks Market Revenue Share, By Vehicle Type (2021 & 2028)
Figure 46. Europe: Electric Trucks Market Revenue Share, By Range (2021 & 2028)
Figure 47. Europe: Electric Trucks Market Revenue Share, By Level of Automation (2021 & 2028)
Figure 48. Europe: Electric Trucks Market Revenue Share, by Key Country (2021 & 2028)
Figure 49. Germany: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 50. France: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 51. Italy: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 52. UK: Electric Trucks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 53. Russia: Electric T
Samples
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Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AB Volvo
- BYD Company Ltd
- Daimler AG
- FAW Group Co.,Ltd.
- Navistar, Inc.
- PACCAR Inc.
- Proterra Inc.
- Rivian
- Scania
- Tesla, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 180 |
| Published | June 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 4592.55 Million |
| Forecasted Market Value ( USD | $ 26542.9 Million |
| Compound Annual Growth Rate | 29.4% |
| Regions Covered | Global |
