Press release
Electric Truck Market Size to Reach USD 24.1 Billion by 2035 | Driven by Fleet Electrification & Zero-Emission Logistics
Electric Truck Market Size to Reach USD 24.1 Billion by 2035
The electric truck market across the globe is growing actively because of several factors that are operating together to foster growth. The growing air pollution in the cities and the tougher emission standards in North America, Europe, and Asia-Pacific is forcing logistics operators to move away to electric trucks.
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Major Key Players
• BYD Company Ltd.
• Daimler Truck AG
• Ford Motor Company
• Foton Motor Group
• Hino Motors, Ltd.
• Hyundai Motor Company
• Isuzu Motors Ltd.
• Lion Electric Company
• MAN Truck & Bus SE
• Mercedes-Benz Group AG
• Navistar International Corporation
• Nikola Corporation
• Paccar Inc.
• Peterbilt Motors Company
• Rivian Automotive, Inc.
• Scania AB
• Tesla, Inc.
• Toyota Motor Corporation
• Volvo Group
• Workhorse Group Inc.
• Other Key Players
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Latest Industry News & Market Trends
Tesla Expands Electric Semi Truck Production Capacity
Tesla, Inc. has accelerated the production of its Class-8 Semi electric truck with the completion of a dedicated manufacturing facility at Gigafactory Nevada. The company is preparing for large-scale commercial production targeting approximately 50,000 units annually while expanding mega charging infrastructure and workforce capacity to support long-range freight transportation applications.
Daimler Truck Expands Electric Truck Production and Charging Partnerships
Recently, Daimler Truck expanded its electric truck strategy through increased production investments and partnerships focused on charging infrastructure development for heavy-duty electric vehicles. The company is accelerating deployment of battery-electric trucks across logistics and freight transportation sectors to support zero-emission commercial mobility initiatives.
Rising Fleet Electrification Accelerates Global Electric Truck Adoption
The global transportation industry is witnessing increasing adoption of electric trucks due to stricter emission regulations, rising fuel costs, and growing investments in EV charging infrastructure. Logistics operators and fleet owners are increasingly transitioning toward battery-electric commercial vehicles to reduce carbon emissions, improve operational efficiency, and meet sustainability targets across regional and long-haul transportation networks.
Regional Analysis of Global Electric Truck Market
In 2025, Volvo Group released its VNR Electric line in the U.S. regional freight networks, with a focus on the ability to travel long distances and depot charge. Such incentives as federal tax credit, fleet electrification grants, and increased attention of last-mile delivery operators contribute to the market growth further, making North America one of the major growth drivers in the world.
The electric truck market is experiencing the most significant growth trend in North America because of the robust e-commerce development, corporate sustainability programs, and the development of superior charging networks. Warring on the emission cut-offs and the operation cost, logistics firms are quickly converting to electric fleets.
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Global Electric Truck Market Segmentation
By Component
Electric Motors
Inverters
Battery
Battery Type
• Lithium-Ion (Li-Ion) Batteries
• Nickel-Metal Hydride (NiMH) Batteries
• Solid-State Batteries
• Lead-Acid Batteries
• Lithium Iron Phosphate (LFP) Batteries
• Nickel-Cobalt-Aluminum (NCA) Batteries
• Nickel-Manganese-Cobalt (NMC) Batteries
• Others (Zinc-Air, Flow Batteries, etc.)
Battery Capacity
• Less than 50 kWh
• 50-250 kWh
• More than 250 kWh
Charging Systems
Control Units
Drivetrain/Transmission
Others
By Charging Type
• Slow Charging (AC)
• Fast Charging (DC)
• Ultra-Fast Charging
By Application
• Last-Mile Delivery
• Long-Haul Transportation
• Construction & Mining
• Municipal Services
• Others
By End User
• Logistics & Transportation Companies
• Retail & E-commerce
• Manufacturing & Industrial
• Government & Municipal Authorities
• Others
Contact:
Mr. Debashish Roy
MarketGenics Global Research
800 N King Street, Suite 304 #4208, Wilmington, DE 19801, United States
USA: +1 (302) 303-2617
Email: sales@marketgenics.co
Website: https://marketgenics.co
About MarketGenics
MarketGenics is a global market research and business advisory firm empowering decision-makers across startups, Fortune 500 companies, non-profit organizations, universities, and government institutions. The company delivers comprehensive market intelligence, industry analysis, and strategic insights across diverse sectors.
MarketGenics publishes detailed industry research reports combining granular quantitative analysis with expert insights on market trends, competitive landscapes, and emerging opportunities. These reports help organizations make informed strategic decisions, identify growth opportunities, and support sustainable business development.
In addition to research publications, MarketGenics supports organizations with strategic insights on product development, application modeling, market expansion strategies, and identifying niche growth opportunities.
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