The global electric commercial truck market is anticipated to grow at a significant CAGR of 22.3% during the forecast period. Due to growing environmental concerns, governments across the globe are focusing on enacting emission norms and laws to reduce vehicle emissions. The government norms and laws are targeting to reduce nitrogen oxides (NOx), and carbon dioxide (CO2) in the air. Increasing focus of the government on emission-free vehicles would drive the adoption of electric trucks in various industries.
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The adoption of advanced technology such as telematics and connectivity, autonomous driving technology, and battery technology in electric commercial trucks. Higher energy density and longer ranges for electric trucks on a single charge are made possible by advances in lithium-ion battery technology. Advancement in electric vehicle trucks by research and development initiatives that are concentrated on improving battery longevity, charging effectiveness, and shortening charging times is increasing. The development of electric drivetrains and powertrain systems tailored for heavy-duty applications is another area of innovation. Electric vehicle trucks are outfitted with powerful electric motors that can transport bulky objects over extended distances. Regenerative braking systems also aid in energy recovery during deceleration, that raises the efficiency of electric trucks even more.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Electric Commercial Truck Market by Electric Propulsion
- Plug-In Hybrid Electric Truck
- Fuel Cell Electric Truck
- Battery Electric Truck
Global Electric Commercial Truck Market by Application
- Logistics
- Municipal
- Construction
- Mining
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- AB Volvo
- Cityfreighter Inc.
- Einride AB
- E-Trucks Europe
- Hitachi Ltd.
- Hyliion Inc.
- Lion Electrique
- Man Truck & Bus SE
- Nikola Corp.
- Rivian Automotive Inc.
- Sandvik AB
- Tata Motors Ltd.
- Tevva Motors Ltd.
- Tesla Inc.
- Via Motors Inc.
- Volkswagen AG
- Volta Trucks
- Workhorse Group
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global electric commercial truck market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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