Electric Trucks Market Size & Share, by Type (Medium, Light, Heavy-Duty Trucks); Range (Upto 200 Miles, Above 200 Miles); Propulsion Type (Battery, Plug-in Hybrid, Hybrid, Fuel Cell Electric Truck) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4777
  • Published Date: Apr 03, 2023
  • Report Format: PDF, PPT

Companies Dominating the Electric Trucks Market

top-features-companies
    • AB Volvo
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • BYD Company Ltd
    • Tata Motors Ltd.
    • Ford Motor Company
    • PACCAR Inc.
    • Mercedes-Benz Group AG
    • Rivian, LLC
    • Dongfeng Motor Corporation
    • ISUZU Motors Limited
    • Workhorse Group Incorporated

Browse Key Market Insights with Data Illustration:

In-the-news

In The News

  • Workhorse Group Incorporated announced the launch of its new Certified Dealer Program, an initiative to create an official network of verified dealers who have passed the protocols required to safely repair and maintain the Company's vehicles. Moreover, Kingsburg Truck Center in California, has been appointed as Workhorse's first certified electric vehicle ("EV") dealer in California.

  • BYD Company Ltd announced the first delivery of battery electric 8TT truck to the Port of Oakland. Moreover, the truck belongs to Class 8 was granted funds by the CARB and used for the three year feasibility study in order to detect whether the zero-emission trucks will be able to replace the diesel trucks.


Author Credits:  Rushikesh, Richa Gupta


  • Report ID: 4777
  • Published Date: Apr 03, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing adoption of electric trucks for logistics sector, strict emission regulations imposed by the government, and surging popularity of electric vehicles are the major factors driving the market growth.

The market size of electric trucks is anticipated to attain a CAGR of ~42.70% over the forecast period, i.e., 2023-2035.

Limited driving range, and high cost of the electric trucks are estimated to be the growth hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are BYD Company Ltd, Tata Motors Ltd., Ford Motor Company, PACCAR Inc., Mercedes-Benz Group AG, Rivian, LLC, Dongfeng Motor Corporation, ISUZU Motors Limited, Workhorse Group Incorporated, AB Volvo, and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, range, propulsion type, and by region.

The heavy-duty trucks segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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