United States Heavy Electric Vehicle Market Accelerates: Transforming Global Transportation with Sustainable Power 2025 | Top key players - Volvo Group, BYD, Tesla, Nikola Corporation.

Market Size and Growth:

The Heavy Electric Vehicle Market size valued at US$ 51.77 billion in 2024, is projected to reach US$ 274.59 billion by 2032, expanding at a robust CAGR of 23.19% from 2025 to 2032.

The Heavy Electric Vehicle Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Heavy Electric Vehicle market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for growth.

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The Heavy Electric Vehicle (HEV) Market encompasses the production, sales, and adoption of electric-powered commercial and industrial vehicles, including trucks, buses, and construction equipment. These vehicles use advanced battery technologies or hybrid systems to reduce emissions, improve energy efficiency, and lower operational costs. The market is driven by government regulations, sustainability initiatives, and increasing demand for eco-friendly transportation solutions.

Recent Key Developments of United States (U.S):

Peterbilt's New EV Models: At the ACT Expo 2025, Peterbilt introduced the all-new Model 567EV and a next-generation version of the Model 579EV, expanding its lineup of electric semi-trucks for different applications like construction and short-haul. (May 1, 2025)

Ford's "Model T Moment" EV Platform: Ford unveiled plans for a new, affordable electric vehicle platform. The platform is designed for models under $30,000 and is expected to leverage lithium-iron phosphate batteries and domestic manufacturing. (July 2025)

Expansion of EV Charging Infrastructure Grants: The U.S. Department of Transportation announced $635 million in grants to deploy over 11,500 new EV charging ports and alternative fueling infrastructure. This funding, from the Bipartisan Infrastructure Law, supports both community projects and the buildout of a national network for heavy-duty vehicles. (January 10, 2025)

OEM Partnerships for Charging Networks: A joint venture formed by major automakers (including BMW, GM, Honda, Hyundai, Kia, Mercedes-Benz, and Stellantis) is continuing to expand its high-powered charging network across the U.S. New models from these companies are starting to include the NACS connector, granting them access to Tesla's Supercharger network. (September 2, 2025)

Rivian and WeaveGrid Smart Charging Pilot: Rivian partnered with WeaveGrid to pilot grid-integrated smart charging solutions. The collaboration supports bidirectional charging, allowing vehicle owners to provide power back to the grid for stability and potentially monetize this service. (June 2025)

Key Players:

Daimler Truck Holding AG
Volvo Group
BYD Company Limited
Tesla, Inc.
Nikola Corporation
Scania AB
PACCAR Inc.
Tata Motors Limited
Ashok Leyland Limited
Hyundai Motor Company.

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

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Market Segmentation:

By Vehicle Type: Electric Construction & Mining Vehicles, Electric Trucks, Electric Buses.

By Propulsion Type: Plug-in Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV), Fuel Cell Electric Vehicle (FCEV).

By Battery Type: Lithium-Ion Battery, Nickel-Metal Hydride (NiMH) Battery, Solid-State Battery, Others.

By Battery Capacity: Less than 200 kWh, 200-500 kWh, Above 500 kWh.

By Application: Logistics and Freight Transportation, Public Transport, Construction & Mining, Others.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Heavy Electric Vehicle market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Heavy Electric Vehicle Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Heavy Electric Vehicle market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Heavy Electric Vehicle Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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People Also Ask:

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