Australia Electric Truck Market Projected to Reach USD 133.0 Million by 2033

Market Overview
The Australia electric truck market size reached USD 17.1 Million in 2024 and is projected to grow to USD 133.0 Million by 2033. The market expansion is driven by strict government emissions regulations, sustainable transport adoption, rising fuel prices, battery technology improvements, EV charging infrastructure growth, and increased investment in fleet electrification. The forecast period spans from 2025 to 2033 with a CAGR of 25.64%.

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How AI is Reshaping the Future of Australia Electric Truck Market:
• AI-driven fleet management systems optimize delivery routes and charging schedules, enhancing efficiency and reducing energy consumption in electric trucks.
• Government schemes, such as Australia's investment in EV charging infrastructure, are supported by AI for predictive maintenance and demand forecasting, increasing uptime.
• Companies like Centurion use advanced AI algorithms to integrate renewable energy sources with battery storage systems powering electric trucks, improving sustainability.
• AI-enabled battery management systems improve battery life and performance, addressing challenges like range anxiety and charging time.
• Collaborative AI platforms facilitate partnerships between truck manufacturers and energy providers to enhance accessibility and operational efficiency of charging networks.
• AI-based data analytics help logistics firms comply with environmental regulations and meet corporate sustainability goals by tracking emissions and optimizing fleet operations.

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Australia Electric Truck Market Growth Factors
Government incentives and emissions reduction targets are needed to support the transition to electric trucks in Australia. Rebates, tax incentives and grants for fleet operators would help make the switch to electric trucks cheaper than using diesel. In Australia, creating low emissions zones in urban areas is a major driver of demand for electric trucks in the last-mile and urban logistics space. This supports clean energy targets in Australia by provision of economically viable options for this segment, while progressing Australia's climate change action and sustainability outcomes in the longer term.

The increasing cost of diesel fuel is a key driver for fleet operators and logistics companies to switch from diesel to electric trucks. The cost of fuel and its volatility creates a burden on the operational costs of conventional trucks. With a more predictable energy cost, electric trucks are increasingly cost-effective for operators of large freight and delivery fleets because their energy costs are less dependent on the fluctuations of the international fuel market. This drives a faster uptake of electric trucks in the freight and delivery markets.

Corporate sustainability targets are a major driver of the Australian electric truck market. Logistics companies, retailers, and e-commerce operators must meet stakeholder environmental, social and governance (ESG) expectations. Buying electric trucks integrates transportation into broader decarbonization strategies, and creates opportunities for collaboration with other supply chain partners in providing low-carbon solutions. Beyond compliance, electric truck fleets place companies in a position to be best prepared for incoming regulation, to win green customers, and to drive transformation.

Australia Electric Truck Market Segmentation
Vehicle Type Insights:
• Light-duty Truck
• Medium-duty Truck
• Heavy-duty Truck

Propulsion Insights:
• Battery Electric Truck
• Hybrid Electric Truck
• Plug-in Hybrid Electric Truck
• Fuel Cell Electric Truck

Range Insights:
• 0-150 Miles
• 151-300 Miles
• Above 300 Miles

Application Insights:
• Logistics
• Municipal
• Construction
• Mining
• Others

Regional Insights:
• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

Key Players
• Centurion
• Mercedes-Benz

Recent Development & News
• March 2025: Centurion announced deployment of 20 Mercedes-Benz eActros 300 electric trucks in the Perth metropolitan area, powered by a 10 MWh battery energy storage system and a 4.4 MW rooftop solar array, enhancing green logistics operations.
• February 2025: The Australian Government initiated a USD 2.4 Million project funded by ARENA to install 500 charging ports and 250 kerbside chargers across South Australia, Victoria, and New South Wales, including regional centers, to expand EV charging infrastructure.
• March 2025: Centurion secured USD 29 Million funding from the Australian Renewable Energy Agency's Future Fuels Program to add 30 battery electric trucks to its fleet, signaling increased corporate investment in fleet electrification.

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