Product Code: ETC13307293 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 绿帽社 | Author: Shubham Deep | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 绿帽社 internal database and industry insights, the Global Electric Trucks Market was valued at USD 18 Billion in 2024 and is expected to reach USD 49.2 Billion by 2031, growing at a compound annual growth rate of 15.91% during the forecast period (2025-2031).
The Global Electric Trucks Market is experiencing significant growth driven by increasing environmental concerns, government regulations promoting electric vehicle adoption, and the need for sustainable transportation solutions. The market is witnessing a surge in demand for electric trucks across various applications such as logistics, construction, and municipal services due to their lower operating costs, reduced emissions, and quieter operation compared to traditional diesel trucks. Key players in the market are investing heavily in research and development to enhance battery technology, increase driving range, and improve charging infrastructure to further drive the adoption of electric trucks. North America and Europe are leading markets for electric trucks, with Asia-Pacific also showing strong growth potential as countries prioritize electrification of their transportation sectors.
The Global Electric Trucks Market is experiencing significant growth driven by increasing focus on sustainability and stringent emission regulations. Key trends in the market include the rising demand for electric vehicles in urban areas to combat air pollution, advancements in battery technology leading to longer driving ranges, and the expansion of charging infrastructure. Opportunities in the market lie in the development of innovative electric truck models with higher payload capacities, integration of autonomous driving technology for improved efficiency, and partnerships between truck manufacturers and energy companies to enhance the charging network. Additionally, government incentives and subsidies for electric vehicles are further boosting market growth, making it a promising sector for investment and technological advancements.
The Global Electric Trucks Market faces several challenges, including high initial costs of electric trucks compared to traditional diesel trucks, limited charging infrastructure, and concerns regarding the range and efficiency of electric trucks for long-haul transportation. Additionally, the battery technology used in electric trucks is still evolving, leading to concerns about battery life, performance in extreme weather conditions, and the environmental impact of battery disposal. Furthermore, regulatory uncertainties and inconsistent policies related to electric vehicle incentives and emissions standards across different regions present challenges for market growth and adoption. Overall, addressing these challenges will be crucial for the widespread adoption and success of electric trucks in the global market.
The Global Electric Trucks Market is primarily driven by increasing environmental concerns and government regulations aimed at reducing carbon emissions. The push for sustainable transportation solutions has led to growing interest in electric trucks as a cleaner alternative to traditional diesel-powered vehicles. Additionally, rising fuel costs and maintenance expenses associated with conventional trucks are prompting fleet operators to consider the long-term cost savings offered by electric trucks. Technological advancements in battery technology, enabling longer driving ranges and faster charging times, are also fueling the market growth. Moreover, the emphasis on energy efficiency and the potential for lower total cost of ownership are further driving the adoption of electric trucks in various industries worldwide.
Government policies related to the Global Electric Trucks Market vary by country but generally include incentives such as tax credits, rebates, grants, and subsidies to promote the adoption of electric trucks. Additionally, regulations mandating emission reductions and promoting cleaner transportation solutions are driving the growth of the market. Many countries have set targets for phasing out the sale of traditional internal combustion engine vehicles in favor of electric vehicles, including electric trucks. Governments are also investing in charging infrastructure development to support the widespread adoption of electric trucks. Overall, government policies are playing a crucial role in accelerating the transition towards electric trucks and reducing carbon emissions in the transportation sector globally.
The Global Electric Trucks Market is poised for significant growth in the coming years driven by increasing environmental regulations, rising fuel costs, and a growing awareness of sustainability. The market is expected to witness a surge in demand as fleet operators and logistics companies seek to reduce their carbon footprint and operational costs. Technological advancements in battery technology, improvements in charging infrastructure, and government incentives for electric vehicle adoption are further boosting the market growth. As consumers and businesses alike prioritize eco-friendly transportation solutions, electric trucks are anticipated to gain traction across various industries such as logistics, construction, and municipal services. Overall, the Global Electric Trucks Market is projected to experience robust expansion and innovation as the world moves towards a greener and more sustainable future.
In the Global Electric Trucks Market, Asia is expected to dominate due to government initiatives promoting electric vehicle adoption and the presence of key market players in countries like China and Japan. North America is projected to witness significant growth driven by increasing investments in electric vehicle infrastructure and the push for sustainable transportation solutions. Europe is a mature market for electric trucks, with stringent emissions regulations driving adoption, while the Middle East and Africa region is gradually exploring electric truck technologies to reduce dependence on fossil fuels. Latin America is also showing potential for growth as countries like Brazil focus on sustainable transportation solutions. Overall, the electric trucks market is poised for steady expansion across these regions, driven by environmental concerns and the need for efficient freight transportation solutions.
Global Electric Trucks Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Electric Trucks Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Electric Trucks Market Revenues & Volume, 2021 & 2031F |
3.3 Global Electric Trucks Market - Industry Life Cycle |
3.4 Global Electric Trucks Market - Porter's Five Forces |
3.5 Global Electric Trucks Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Electric Trucks Market Revenues & Volume Share, By Truck Type, 2021 & 2031F |
3.7 Global Electric Trucks Market Revenues & Volume Share, By Battery Capacity, 2021 & 2031F |
3.8 Global Electric Trucks Market Revenues & Volume Share, By Features, 2021 & 2031F |
3.9 Global Electric Trucks Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.10 Global Electric Trucks Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Global Electric Trucks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Electric Trucks Market Trends |
6 Global Electric Trucks Market, 2021 - 2031 |
6.1 Global Electric Trucks Market, Revenues & Volume, By Truck Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Electric Trucks Market, Revenues & Volume, By Light-Duty, 2021 - 2031 |
6.1.3 Global Electric Trucks Market, Revenues & Volume, By Medium-Duty, 2021 - 2031 |
6.1.4 Global Electric Trucks Market, Revenues & Volume, By Heavy-Duty, 2021 - 2031 |
6.1.5 Global Electric Trucks Market, Revenues & Volume, By Off-Road, 2021 - 2031 |
6.2 Global Electric Trucks Market, Revenues & Volume, By Battery Capacity, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Electric Trucks Market, Revenues & Volume, By <100 kWh, 2021 - 2031 |
6.2.3 Global Electric Trucks Market, Revenues & Volume, By 100-200 kWh, 2021 - 2031 |
6.2.4 Global Electric Trucks Market, Revenues & Volume, By 200-500 kWh, 2021 - 2031 |
6.2.5 Global Electric Trucks Market, Revenues & Volume, By >500 kWh, 2021 - 2031 |
6.3 Global Electric Trucks Market, Revenues & Volume, By Features, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Electric Trucks Market, Revenues & Volume, By Fast Charging, 2021 - 2031 |
6.3.3 Global Electric Trucks Market, Revenues & Volume, By Regenerative Braking, 2021 - 2031 |
6.3.4 Global Electric Trucks Market, Revenues & Volume, By Long Range, 2021 - 2031 |
6.3.5 Global Electric Trucks Market, Revenues & Volume, By High Torque, 2021 - 2031 |
6.4 Global Electric Trucks Market, Revenues & Volume, By Application, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Electric Trucks Market, Revenues & Volume, By Last-Mile Delivery, 2021 - 2031 |
6.4.3 Global Electric Trucks Market, Revenues & Volume, By Urban Freight, 2021 - 2031 |
6.4.4 Global Electric Trucks Market, Revenues & Volume, By Long-Haul Transport, 2021 - 2031 |
6.4.5 Global Electric Trucks Market, Revenues & Volume, By Mining & Construction, 2021 - 2031 |
6.5 Global Electric Trucks Market, Revenues & Volume, By End User, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Electric Trucks Market, Revenues & Volume, By Logistics Companies, 2021 - 2031 |
6.5.3 Global Electric Trucks Market, Revenues & Volume, By Retail Chains, 2021 - 2031 |
6.5.4 Global Electric Trucks Market, Revenues & Volume, By Trucking Companies, 2021 - 2031 |
6.5.5 Global Electric Trucks Market, Revenues & Volume, By Industrial Operators, 2021 - 2031 |
7 North America Electric Trucks Market, Overview & Analysis |
7.1 North America Electric Trucks Market Revenues & Volume, 2021 - 2031 |
7.2 North America Electric Trucks Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Electric Trucks Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Electric Trucks Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Electric Trucks Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Electric Trucks Market, Revenues & Volume, By Truck Type, 2021 - 2031 |
7.4 North America Electric Trucks Market, Revenues & Volume, By Battery Capacity, 2021 - 2031 |
7.5 North America Electric Trucks Market, Revenues & Volume, By Features, 2021 - 2031 |
7.6 North America Electric Trucks Market, Revenues & Volume, By Application, 2021 - 2031 |
7.7 North America Electric Trucks Market, Revenues & Volume, By End User, 2021 - 2031 |
8 Latin America (LATAM) Electric Trucks Market, Overview & Analysis |
8.1 Latin America (LATAM) Electric Trucks Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Electric Trucks Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Electric Trucks Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Electric Trucks Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Electric Trucks Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Electric Trucks Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Electric Trucks Market, Revenues & Volume, By Truck Type, 2021 - 2031 |
8.4 Latin America (LATAM) Electric Trucks Market, Revenues & Volume, By Battery Capacity, 2021 - 2031 |
8.5 Latin America (LATAM) Electric Trucks Market, Revenues & Volume, By Features, 2021 - 2031 |
8.6 Latin America (LATAM) Electric Trucks Market, Revenues & Volume, By Application, 2021 - 2031 |
8.7 Latin America (LATAM) Electric Trucks Market, Revenues & Volume, By End User, 2021 - 2031 |
9 Asia Electric Trucks Market, Overview & Analysis |
9.1 Asia Electric Trucks Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Electric Trucks Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Electric Trucks Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Electric Trucks Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Electric Trucks Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Electric Trucks Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Electric Trucks Market, Revenues & Volume, By Truck Type, 2021 - 2031 |
9.4 Asia Electric Trucks Market, Revenues & Volume, By Battery Capacity, 2021 - 2031 |
9.5 Asia Electric Trucks Market, Revenues & Volume, By Features, 2021 - 2031 |
9.6 Asia Electric Trucks Market, Revenues & Volume, By Application, 2021 - 2031 |
9.7 Asia Electric Trucks Market, Revenues & Volume, By End User, 2021 - 2031 |
10 Africa Electric Trucks Market, Overview & Analysis |
10.1 Africa Electric Trucks Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Electric Trucks Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Electric Trucks Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Electric Trucks Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Electric Trucks Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Electric Trucks Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Electric Trucks Market, Revenues & Volume, By Truck Type, 2021 - 2031 |
10.4 Africa Electric Trucks Market, Revenues & Volume, By Battery Capacity, 2021 - 2031 |
10.5 Africa Electric Trucks Market, Revenues & Volume, By Features, 2021 - 2031 |
10.6 Africa Electric Trucks Market, Revenues & Volume, By Application, 2021 - 2031 |
10.7 Africa Electric Trucks Market, Revenues & Volume, By End User, 2021 - 2031 |
11 Europe Electric Trucks Market, Overview & Analysis |
11.1 Europe Electric Trucks Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Electric Trucks Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Electric Trucks Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Electric Trucks Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Electric Trucks Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Electric Trucks Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Electric Trucks Market, Revenues & Volume, By Truck Type, 2021 - 2031 |
11.4 Europe Electric Trucks Market, Revenues & Volume, By Battery Capacity, 2021 - 2031 |
11.5 Europe Electric Trucks Market, Revenues & Volume, By Features, 2021 - 2031 |
11.6 Europe Electric Trucks Market, Revenues & Volume, By Application, 2021 - 2031 |
11.7 Europe Electric Trucks Market, Revenues & Volume, By End User, 2021 - 2031 |
12 Middle East Electric Trucks Market, Overview & Analysis |
12.1 Middle East Electric Trucks Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Electric Trucks Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Electric Trucks Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Electric Trucks Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Electric Trucks Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Electric Trucks Market, Revenues & Volume, By Truck Type, 2021 - 2031 |
12.4 Middle East Electric Trucks Market, Revenues & Volume, By Battery Capacity, 2021 - 2031 |
12.5 Middle East Electric Trucks Market, Revenues & Volume, By Features, 2021 - 2031 |
12.6 Middle East Electric Trucks Market, Revenues & Volume, By Application, 2021 - 2031 |
12.7 Middle East Electric Trucks Market, Revenues & Volume, By End User, 2021 - 2031 |
13 Global Electric Trucks Market Key Performance Indicators |
14 Global Electric Trucks Market - Export/Import By Countries Assessment |
15 Global Electric Trucks Market - Opportunity Assessment |
15.1 Global Electric Trucks Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Electric Trucks Market Opportunity Assessment, By Truck Type, 2021 & 2031F |
15.3 Global Electric Trucks Market Opportunity Assessment, By Battery Capacity, 2021 & 2031F |
15.4 Global Electric Trucks Market Opportunity Assessment, By Features, 2021 & 2031F |
15.5 Global Electric Trucks Market Opportunity Assessment, By Application, 2021 & 2031F |
15.6 Global Electric Trucks Market Opportunity Assessment, By End User, 2021 & 2031F |
16 Global Electric Trucks Market - Competitive Landscape |
16.1 Global Electric Trucks Market Revenue Share, By Companies, 2024 |
16.2 Global Electric Trucks Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |