Electric Trucks Market Showing Impressive Growth during Forecast Period 2023 - 2031

Global Electric Trucks report from Global Insight Services is the single authoritative source of intelligence on Electric Trucks market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Key Market Segments
The electric truck market bifurcated on the basis of propulsion type, type, range, end-user and region. On the basis of propulsion type, it is segmented into battery electric vehicle, hybrid electric vehicle, plug-in hybrid electric vehicle, and others. By type it is categorized into light duty trucks, medium duty trucks, and heavy duty trucks. By range, it is analyzed across less than upto 150 miles, 151-300 miles, and above 300 miles. By end-user, it is spread across last mile delivery, long haul transportation, refuse services and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.

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Key Market Players
The electric truck market report includes players such as BYD, Daimler AG, AB Volvo, PACCAR, Scania AB, Tata Motors, Workhorse, Man SE, Volkswagen AG, and Dongfeng Motor Company.

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Key Drivers
The key drivers of electric trucks market are the government regulations, the need for energy-efficient vehicles, and the declining cost of batteries.

The government regulations are the main driver for the electric trucks market. The government is imposing stricter emission standards and is offering incentives for the adoption of electric vehicles. The need for energy-efficient vehicles is another driver for the electric trucks market. The traditional trucks are heavy and consume a lot of fuel. The electric trucks are lightweight and consume less energy. The declining cost of batteries is also a driver for the electric trucks market. The batteries are the most expensive component of electric vehicles. However, the prices of batteries are falling due to the advancements in technology.

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