Mordor Intelligence has published a new report on the Electric Truck Market offering a comprehensive analysis of trends, growth drivers, and future projections.
-- Introduction
The electric truck market is emerging as one of the fastest-growing segments in the commercial vehicle industry, driven by the global shift toward cleaner transportation solutions. Electric trucks are gaining traction as businesses and governments focus on reducing greenhouse gas emissions and improving fuel efficiency across freight and logistics operations. Their adoption is being accelerated by stricter environmental regulations, advancements in battery technology, and growing investments in charging infrastructure.
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Key Market Trends
Advancement in Charging Infrastructure
Expanding charging networks along highways and industrial hubs is removing operational barriers for electric truck fleets, particularly for long-haul transport applications.
Growing Demand from Logistics and Last-Mile Delivery
E-commerce growth and rising demand for efficient urban transport are encouraging the use of medium and light-duty electric trucks in city logistics and last-mile delivery.
Technology Focus on Battery Efficiency
Manufacturers are investing in longer-range batteries and fast-charging solutions to improve vehicle performance, reduce downtime, and enhance total cost of ownership for fleet operators.
Government Regulations and Incentives
Strict emission norms and financial incentives are pushing fleet operators toward electrification. In markets like North America and Europe, subsidies, tax breaks, and zero-emission targets are driving faster adoption.
Market Segmentation
By Vehicle Configuration
- Trucks
The market is focused on electric trucks used in various applications such as logistics, freight, and construction. These vehicles are designed to replace conventional diesel trucks across light, medium, and heavy-duty categories.
By Fuel Category
- BEV (Battery Electric Vehicles – BEVI): Fully electric trucks powered only by rechargeable batteries, offering zero tailpipe emissions and increasingly favored for urban and regional transport.
- FCEV (Fuel Cell Electric Vehicles – FOEV): Trucks that use hydrogen fuel cells to generate electricity onboard, suited for long-haul routes due to faster refueling and longer driving range.
- HEV (Hybrid Electric Vehicles): Trucks powered by both an internal combustion engine and electric motor, offering improved fuel efficiency but not entirely zero-emission.
- PHEV (Plug-in Hybrid Electric Vehicles): Trucks that combine internal combustion engines with batteries that can be recharged externally, bridging the gap between conventional and fully electric models.
By Region
- Africa: Still at an early adoption stage, but opportunities are rising with growing urbanization and government interest in sustainable transport.
- Asia-Pacific: The largest and fastest-growing market, led by China, where strong government support, local manufacturing, and advanced battery production drive rapid expansion.
- Europe: A leader in policy-driven adoption, supported by stringent emission regulations and heavy investment in charging infrastructure.
- Middle East: Adoption is slower but gradually picking up, driven by sustainability targets and diversification efforts in oil-dependent economies.
- North America: Experiencing strong growth due to incentives, regulatory backing, and high demand from logistics companies.
- South America: An emerging market where electrification is limited but expected to grow as infrastructure and government initiatives improve.
Major Players
- BYD Auto Co. Ltd.
A leading Chinese manufacturer, BYD is a global pioneer in electric vehicles and battery technology. The company has a strong presence in electric buses and trucks, with an expanding portfolio of medium- and heavy-duty electric trucks designed for logistics and urban transport.
- Daimler Truck Holding AG
Headquartered in Germany, Daimler Truck is one of the world’s largest commercial vehicle manufacturers. Through its Freightliner and Mercedes-Benz brands, the company is actively developing battery-electric and fuel cell-powered trucks for both regional and long-haul applications.
- Dongfeng Motor Corporation
Based in China, Dongfeng is a state-owned automaker with a diverse vehicle portfolio, including electric trucks. The company has been investing heavily in electrification, supported by government initiatives and growing domestic demand for clean transportation solutions.
- Groupe Renault
Renault, headquartered in France, is well known for its electric vehicle expertise in the passenger car segment and has extended this knowledge into light commercial vehicles and electric trucks. Its focus includes last-mile delivery solutions for urban markets in Europe.
- Volvo Group
The Sweden-based Volvo Group is a global leader in heavy-duty trucks and construction equipment. It has been at the forefront of electrification, offering electric trucks for distribution, refuse, and regional transport, and is also exploring fuel cell technologies through partnerships.
Conclusion
The electric truck market is on a strong upward path, driven by the combined influence of regulatory support, technological improvements in batteries, and the growing need for sustainable freight solutions. With major manufacturers investing in partnerships and expanding product portfolios, the market is steadily moving from pilot projects to large-scale deployment.
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Industry Research Reports
North America Electric Truck Market: The North America Electric Truck Market is segmented by Vehicle Configuration (Trucks), Fuel Category (BEV, FCEV, HEV, and PHEV), and Country (United States, Canada, and Mexico). The report provides market size in terms of both value (USD) and volume (units). It also offers a detailed breakdown by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.
Get More insights: https://www.mordorintelligence.com/industry-reports/north-america-electric-truck-market?utm_source=marketersmedia
United States Electric Pick-up Trucks Market: The United States Electric Pick-up Trucks Market is segmented by Fuel Category (BEV, HEV, and PHEV). The report provides market size in terms of both value (USD) and volume (units). It further presents a detailed breakdown by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.
Get More insights: https://www.mordorintelligence.com/industry-reports/united-states-electric-pick-up-trucks-market?utm_source=marketersmedia
Autonomous Truck Market: The Autonomous Truck Market is segmented by Truck Type (Light-Duty Trucks and others), Level of Autonomy (SAE Level 1–2 Driver Assist and beyond), ADAS Features (Adaptive Cruise Control, Lane Departure Warning, and more), Component (LIDAR, RADAR, Cameras, and others), Drive Type (IC Engine, Battery-Electric, Hybrid, and more), and Geography. The report provides market forecasts in terms of both value (USD) and volume (units).
Get More insights: https://www.mordorintelligence.com/industry-reports/autonomous-truck-market?utm_source=marketersmedia
About the company: Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals. With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics. For any inquiries or to access the full report, please contact: media@mordorintelligence.com https://www.mordorintelligence.com/
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