The Europe Electric Trucks Market was valued at USD 3.8 billion in 2025 and is estimated to grow at a CAGR of 14.4% to reach USD 14.7 billion by 2035.
The market is undergoing a major transition driven by tightening environmental regulations, improving battery performance, and the rapid expansion of high-capacity charging networks across the region. Fleet operators are increasingly drawn to electric trucks due to significantly lower energy consumption and reduced maintenance requirements compared to diesel-powered vehicles. Operating expenses for electric trucks are estimated to be around 30% lower than those of diesel trucks for comparable workloads, while electric drivetrains deliver substantially higher energy efficiency for the same transport output. Despite these advantages, adoption has been constrained by high upfront vehicle costs, which remain two to three times higher than diesel alternatives. To address this challenge, Europe is witnessing growing acceptance of flexible financing structures, leasing models, and total cost of ownership-based procurement strategies that are improving affordability and accelerating deployment.
The heavy-duty segment accounted for 60% share in 2025 and is expected to grow at a CAGR of 13.5% through 2035. Advancements in battery density and the parallel development of charging and refueling ecosystems are strengthening the viability of heavy electric trucks. With increasingly stringent carbon emission limits and strong sustainability commitments from freight and logistics operators, battery-powered and fuel cell-based heavy-duty trucks are becoming central to Europe’s future freight transport framework, positioning this segment for significant technological transformation.
The class 8 vehicles segment represented 46.8% share in 2025 and is forecast to grow at a CAGR of 13% from 2026 to 2035. Higher adoption across logistics, industrial transport, and construction sectors is being driven by regulatory mandates targeting zero-emission freight movement. Battery electric trucks have gained strong acceptance in heavy-duty applications, while fuel cell electric models are gradually gaining traction for long-distance operations where extended range and reduced downtime are critical considerations.
Germany Electric Trucks Market held a 35.5% share in 2025 and is projected to grow at a CAGR of 14.8% between 2026 and 2035. Market leadership is supported by ambitious climate objectives, strong industrial logistics demand, and favorable national policies that reduce adoption barriers. Incentives such as purchase support, tax advantages, and accelerated cost recovery have strengthened fleet electrification across major logistics corridors and industrial regions.
Key companies operating in the Europe Electric Trucks Market include Volvo Trucks, Daimler Truck, Scania AB, MAN Truck, Iveco, Renault Trucks, DAF Trucks, Tatra, Sisu Auto, and BelAZ. Companies in the Europe electric trucks market are strengthening their competitive position through accelerated electrification strategies, platform innovation, and strategic partnerships. Leading manufacturers are investing heavily in battery development, powertrain efficiency, and modular vehicle architectures to support multiple use cases. Firms are expanding service networks and forming collaborations to improve operational reliability for fleet customers. Many players are also offering flexible financing, leasing, and pay-per-use models to address high upfront costs. Strategic alliances with logistics providers and infrastructure developers, along with localized manufacturing and supply chain optimization, are enabling companies to improve scalability, meet regulatory requirements, and secure long-term market presence across Europe.
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The market is undergoing a major transition driven by tightening environmental regulations, improving battery performance, and the rapid expansion of high-capacity charging networks across the region. Fleet operators are increasingly drawn to electric trucks due to significantly lower energy consumption and reduced maintenance requirements compared to diesel-powered vehicles. Operating expenses for electric trucks are estimated to be around 30% lower than those of diesel trucks for comparable workloads, while electric drivetrains deliver substantially higher energy efficiency for the same transport output. Despite these advantages, adoption has been constrained by high upfront vehicle costs, which remain two to three times higher than diesel alternatives. To address this challenge, Europe is witnessing growing acceptance of flexible financing structures, leasing models, and total cost of ownership-based procurement strategies that are improving affordability and accelerating deployment.
The heavy-duty segment accounted for 60% share in 2025 and is expected to grow at a CAGR of 13.5% through 2035. Advancements in battery density and the parallel development of charging and refueling ecosystems are strengthening the viability of heavy electric trucks. With increasingly stringent carbon emission limits and strong sustainability commitments from freight and logistics operators, battery-powered and fuel cell-based heavy-duty trucks are becoming central to Europe’s future freight transport framework, positioning this segment for significant technological transformation.
The class 8 vehicles segment represented 46.8% share in 2025 and is forecast to grow at a CAGR of 13% from 2026 to 2035. Higher adoption across logistics, industrial transport, and construction sectors is being driven by regulatory mandates targeting zero-emission freight movement. Battery electric trucks have gained strong acceptance in heavy-duty applications, while fuel cell electric models are gradually gaining traction for long-distance operations where extended range and reduced downtime are critical considerations.
Germany Electric Trucks Market held a 35.5% share in 2025 and is projected to grow at a CAGR of 14.8% between 2026 and 2035. Market leadership is supported by ambitious climate objectives, strong industrial logistics demand, and favorable national policies that reduce adoption barriers. Incentives such as purchase support, tax advantages, and accelerated cost recovery have strengthened fleet electrification across major logistics corridors and industrial regions.
Key companies operating in the Europe Electric Trucks Market include Volvo Trucks, Daimler Truck, Scania AB, MAN Truck, Iveco, Renault Trucks, DAF Trucks, Tatra, Sisu Auto, and BelAZ. Companies in the Europe electric trucks market are strengthening their competitive position through accelerated electrification strategies, platform innovation, and strategic partnerships. Leading manufacturers are investing heavily in battery development, powertrain efficiency, and modular vehicle architectures to support multiple use cases. Firms are expanding service networks and forming collaborations to improve operational reliability for fleet customers. Many players are also offering flexible financing, leasing, and pay-per-use models to address high upfront costs. Strategic alliances with logistics providers and infrastructure developers, along with localized manufacturing and supply chain optimization, are enabling companies to improve scalability, meet regulatory requirements, and secure long-term market presence across Europe.
Comprehensive Market Analysis and Forecast
- Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
- Competitive landscape with Porter’s Five Forces and PESTEL analysis
- Market size, segmentation, and regional forecasts
- In-depth company profiles, business strategies, financial insights, and SWOT analysis
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Table of Contents
Chapter 1 Methodology
Chapter 2 Executive Summary
Chapter 3 Industry Insights
Chapter 4 Competitive Landscape, 2025
Chapter 5 Market Estimates & Forecast, by Class, 2022-2035 ($Bn, Unit)
Chapter 6 Market Estimates & Forecast, by Vehicle, 2022-2035 ($Bn, Unit)
Chapter 7 Market Estimates & Forecast, by Propulsion, 2022-2035 ($Bn, Unit)
Chapter 8 Market Estimates & Forecast, by Body, 2022-2035 ($Bn, Unit)
Chapter 9 Market Estimates & Forecast, by End Use, 2022-2035 ($Bn, Unit)
Chapter 10 Market Estimates & Forecast, by Battery Capacity, 2022-2035 ($Bn, Unit)
Chapter 11 Market Estimates & Forecast, by Range Capacity, 2022-2035 ($Bn, Unit)
Chapter 12 Market Estimates & Forecast, by Region, 2022-2035 ($Bn, Units)
Chapter 13 Company Profiles
Companies Mentioned
The companies profiled in this Europe Electric Trucks market report include:- BelAZ
- BYD
- Daimler Truck
- Ford
- Foton
- Fuso
- Hyundai Motor Group
- Isuzu
- Nikola Corporation
- Tesla
- Volvo Trucks
- DAF Trucks
- Einride
- Iveco
- MAN Truck
- Quantron AG
- Renault Trucks
- Scania AB
- Sisu Auto
- TATA
- Tatra
- BEDEO
- E‑Trucks Europe BE
- Quantron AG
- SuperPanther
- Tevva Motors
- Windrose Technology
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 246 |
| Published | January 2026 |
| Forecast Period | 2025 - 2035 |
| Estimated Market Value ( USD | $ 3.8 Billion |
| Forecasted Market Value ( USD | $ 14.7 Billion |
| Compound Annual Growth Rate | 14.4% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 28 |
