Electric Truck Market Recent Developments and Industry Outlook 2021 to 2025| Daimler (Mitsubishi Fuso), Voltia, BYD, Renault, Smith Electric Vehicles, Navistar, Alke XT, Zenith Motors

Global “Electric Truck Market” 2021 Research report produces information with reference to market size, share, trends, growth, cost structure, capacity, revenue, and forecast 2025. This report also contains the general and comprehensive study of the Electric Truck market with all its aspects influencing the growth of the market. This report is a full-scale quantitative survey of the Electric Truck industry and provides data for building strategies to expand the market growth and effectiveness.

The electric truck market was valued at USD 19.80 billion in 2020, and it is expected to register a CAGR of 14.3 % during the forecast period (2021-2026).

Market Overview:

An electric truck is a truck powered by electricity. Electric trucks promise to be a cheaper alternative to traditional trucks, while polluting less.

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Top Leading Companies of Global Electric Truck Market are: Daimler (Mitsubishi Fuso), Voltia, BYD, Renault, Smith Electric Vehicles, Navistar, Alke XT, Zenith Motors, Hino Motors, Isuzu, Dongfeng, PACCAR and others.

The competitive market players are identified along with their size, share, and strategies. The company profiles of these players, which includes their recent major developments, product portfolio, revenue, core competencies, and financials. Additionally, the report presents insights into the mergers & acquisitions, company profiles, financial status, product portfolio, and the SWOT analysis.

Key Market Trends

Stringent Emission Regulations are Fueling the Market Growth

With the growing environmental concerns, governments and environmental agencies are enacting stringent emission norms and laws that may increase the manufacturing cost of electric drivetrains and fuel-efficient diesel engines in the coming years.

In Europe, the European Union (EU) is committed to achieve its 20% greenhouse gas reduction target in 2020 for the second phase of the Kyoto Protocol (base year: 1990). The EU has also set the target to achieve 40% green house gas reduction by 2040 compared to 1990. By 2050, the EU aims to achieve the target of 0% greenhouse gas emission. The regulation EU 253/2014 sets the target of 147 gm of CO2 emission per kilometer for 2020 and 2021, for light commercial vehicles (LCVs), based on the NEDC (New European Driving Cycle) test procedure. The European Union set a target of 31% reduction of CO2 emission for LCVs by 2030.

In the United States, the EPA and NHTSA have proposed the implementation of the Safer Affordable Fuel-Efficient (SAFE) vehicles rule to be implemented from 2021 to 2026. The rule may set the standards for corporate average fuel economy and greenhouse gas emissions for passenger and light trucks. The Zero Emission Vehicles (ZEV) Program requires OEMs to sell specific numbers of clean and zero emission vehicles (electric, hybrid, and fuel cell powered commercial and passenger vehicles). The ZEV plan aims at putting 12 million ZEVs on road by 2030.

Global Electric Truck Market Split by Product Type and Applications:

This report segments the global Electric Truck market based on Types are:
Light-duty Truck
Medium-duty Truck
Heavy-duty Truck

Based on Application, the Global Electric Truck market is segmented into:
Construction
Logistics
Mining

Global Electric Truck Market Segmented by Regions:
North America (United States, Canada, Mexico)
Europe (Germany, UK, France, Italy, Spain, Russia)
Asia-Pacific (China, Japan, South Korea, Australia, India)
South America (Brazil, Argentina, Columbia)
The Middle East and Africa (UAE, Egypt, South Africa)

This report focuses on Electric Truck volume and value at the global level, regional level, and company level. From a global perspective, this report represents the overall Electric Truck market size by analyzing historical data and prospect. The report gives a clear understanding of the current market situation which includes region-wise industry environment, contemporary market and manufacturing trends, leading market contenders, and current consumption tendency of the end-user. The report also oversees market size, market share, growth rate, revenue, and CAGR reported previously along with its forecast estimation.

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Important Features that are under offering and key highlights of the report:
– Detailed overview of the Electric Truck market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of the Electric Truck market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
– A neutral perspective towards Electric Truck market performance
– Must-have information for market players to sustain and enhance their market footprint

The research includes historic data from 2015 to 2021 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Electric Truck Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Electric Truck industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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