Electric Trucks Market Share, Analysis, and Growth by 2028
Electric Trucks Market: Strategic Insights
Electric Trucks Market
-
CAGR (2021 - 2028)29.4% -
Market Size 2021
US$ 4.59 Billion -
Market Size 2028
US$ 26.54 Billion
Market Dynamics
GROWTH DRIVERS
- Increasing environmental regulations.
- Rising fuel cost awareness.
- Growth in urban delivery demand.
FUTURE TRENDS
- Battery efficiency and range improvements.
- Integration with smart grid technology.
- Growth in long-haul electric trucking.
OPPORTUNITIES
- Expansion in autonomous electric trucks.
- Development of fast-charging solutions.
- Incentives for EV fleet adoption.
Key Players
- AB Volvo
- BYD Company Ltd
- Daimler AG
- FAW Group Co Ltd
- Navistar Inc
- PACCAR Inc
- Proterra Inc
- Rivian
- Scania
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Propulsion
- BEV
- PHEV
- FCV
Vehicle Type
- LCV and Medium & HCV
Range
- Less than 200 Miles and More than 200 Miles
Level of Automation
- Semi-Autonomous and Fully Autonomous