Electric Truck Market is anticipated to grow at a 73.65% CAGR from 2022 to 2030 | BYD (China), Scania (Sweden), Daimler AG (Germany)

Electric Truck Market Research Report

With a predicted CAGR of 73.65% from 2021 to 2030, the market for electric trucks worldwide, worth $392.3 million in 2020, is expected to reach $3,861.8 million by 2030.

Electric trucks are commercial vehicles used for cargo transportation powered by a battery pack. They don't require multi-speed gearboxes, which lowers maintenance costs and increases vehicle dependability while producing nearly no noise. Electric trucks' internal motors also feature fewer moving parts than diesel trucks. Further, due to government attempts to encourage the use of electric vehicles and their outstanding benefits, including vast amounts of torque, less noise pollution, plus lower operating costs, electric trucks are increasingly becoming the preferred choice among diesel trucks.

Get Free Sample PDF Brochure @ https://www.marketresearchfuture.com/sample_request/6261

The electric truck market has been segmented to

BYD (China)
Scania (Sweden)
Daimler AG (Germany)
PACCAR (US)
AB Volvo (Sweden)

Market Segmentation
Due to the increase in the product portfolio brought on by the increasing investment and finance, along with the recent advances that have been made, the electric radio control truck is currently on the verge of experiencing an exceptional level of growth and need.

The following criteria have been used to segment the electric truck market:

By Propulsion Type

PHEV
BEV
FCEV

By Type

Medium Duty Trucks
Light Duty Trucks
Heavy Duty Trucks

By End-User

Refuse Services
Last-Mile Delivery
Long Haul Transportation
Distribution services
Field Services

By Range

Above 200 Miles
Up to 200 Miles

By Battery Capacity

50-250 Kwh
Less Than 50kwh
Above 250 Kwh

By Payload Capacity

10,001-26,000 lbs
Up to 10,000 lbs
Above 26,001 lbs

By Level of Automation

Autonomous
Semi-autonomous

By Battery Type

Lithium-Iron-Phosphate
Lithium-Nickel-Manganese-Cobalt Oxide
Others

Regional classification

Due to the significant demand for electric vehicles for logistics transport fleets, the North American area is expected to increase steadily. The market for electric pickup trucks is likely to develop at the quickest rate in the European region because of the logistics industry's rapid adoption of these vehicles. Automotive OEMs are being forced to produce fuel-efficient and environmentally friendly automobiles for reasons that are on the rise, including increased pollution and environmental risks, strict government restrictions, and fierce competition. In this effort, various business sectors, including automobile OEMs and component producers, are looking into developing and designing vehicles that can adhere to emissions and fuel economy regulations.

The governments of the European region are offering significant incentives to encourage electric automobiles. Manufacturers of electric trucks, including Volvo, Daimler, and many others, are based in the area. As a consequence, there is now a huge demand for electric vehicles. Europe has devised a plan and set a highly ambitious goal of cutting CO2 emissions by 80% by 2050. The long-term emphasis will remain on electric vehicles as various national governments in contributing areas like Europe provide subsidies for electric infrastructure.

Industry news

The industry for electric trucks is expanding due to factors including a rise in government measures to promote e-mobility, strict emission standards placed on commercial vehicles fuelled by fossil fuels, and falling battery prices. The absence of charging infrastructure and the high cost of electric trucks impede market expansion throughout the anticipated time frame. Additionally, it is projected that the growing demand for electric trucks from the logistics industry and the advancement of self-driving electric truck technology would offer fantastic growth opportunities for businesses engaged in the electric truck market.

Browse In-depth Market Research Report @ https://www.marketresearchfuture.com/reports/electric-truck-market-6261

Browse more report

Automotive Blockchain Market@ https://www.marketresearchfuture.com/reports/automotive-blockchain-market-7735

Automotive Brake Linings Market@ https://www.marketresearchfuture.com/reports/automotive-brake-linings-market-7690

Automotive Brake Shoe Market@ https://www.marketresearchfuture.com/reports/automotive-brake-shoe-market-10296

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact

Market Research Future

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Website: https://www.marketresearchfuture.com

This release was published on openPR.