Press release
Electric Pickup Truck Market Top Key Players – Ford, Lordstown, Hummer, Chevrolet, Rivian, Tesla Inc., Bollinger, Nikola, General Motors
However, unlike a conventional truck, a pickup is not large enough to undertake huge towing duties and significant freight for heavy jobs. Pickup trucks are more like a family or daily truck, whereas standard trucks might well be utilized for industrial or business purposes.
The pickup truck, often referred to as a pickup truck, is a light-powered vehicle that requires an open rear cargo compartment. In North America, the word "pickup" refers to a coupe truck based on a commercial vehicle and personal vehicle chassis with a lighter chassis and factory-built platform, but often on a specific basis.
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GLOBAL ELECTRIC PICKUP TRUCK MARKET DYNAMICS
Electric trucks are commercial vehicles that are powered by a battery pack and are used to deliver freight. Furthermore, compared to the diesel trucks, electric truck engines have fewer moving parts and do not require multispeed gearboxes, which reduces vehicle maintenance costs and improves dependability while emitting nearly no noise pollution.
Furthermore, due to government initiatives to encourage the use of electric vehicles and its incredible benefits such as gobs of power, no pollution, fewer maintenance costs, and others, electric trucks are becoming the favoured choice over diesel trucks.
Governments all around the globe are placing pressure on car manufacturers to minimize carbon emissions generated by diesel fuel burning and address greenhouse gas emissions, which are prompting them to invest in creating electric trucks.
GLOBAL ELECTRIC PICKUP TRUCK MARKET SEGMENTATION
The Global Electric Pickup Truck Market can be segmented into following categories for further analysis.
By Application
• Light Duty Pickup Truck
• Heavy Duty Pickup Truck
• Mid Duty Pickup Truck
By Product Type
• Battery Electric Vehicle
• Hybrid Electric Vehicle
• Plug in Hybrid Electric Vehicle
• Fuel Cell Electric Vehicle
By Architecture Type
• 0 to 150 Miles
• 151 to 300 Miles
• 300 Miles above
By Regional Classification
• Asia Pacific Region – APAC
• Middle East and Gulf Region
• Africa Region
• North America Region
• Europe Region
• Latin America and Caribbean Region
RECENT TECHNOLOGICAL TRENDS IN GLOBAL ELECTRIC PICKUP TRUCK MARKET
Electric freight trucks will be technically equipped to contend with fossil fuel powered vehicles in the near future. Because of technological advancements, battery powered heavy trucks can compete with their fossil fuel counterparts on price and range, with better charging stations.
Previous electric pickup truck prototypes were widely regarded as unworkable in comparison to internal combustion engine vehicles because they depended on large, costly batteries that limited cargo room.
COMPETITIVE LANDSCAPE
Supply chain and logistics companies are actively engaged in replacing traditional vehicles with cleaner vehicles as the demand for logistics services is increasing due to advances in e-commerce, retail, and industry.
For example, logistics organizations in the UK are starting to prepare to have more electric commercial vehicles in the future. On the other hand, the lack of electric vehicle charging infrastructure is a stumbling block for the electric vehicle industry.
COMPANIES PROFILED
• Ford
• Lordstown
• Hummer
• Chevrolet
• Rivian
• Tesla Inc.
• Bollinger
• Nikola
• General Motors
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About Us:
We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment.We deal in syndicated research, custom research and consumer research for all the above domains mentioned.
We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.
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