Commercial vehicles with electric propulsion systems that take the place of conventional internal combustion engines are known as electric trucks, or e-trucks. These vehicles are a cleaner and greener option than traditional diesel or gasoline-fueled trucks since they run on electrically operated motors that are powered by batteries.
Nowadays, electric cars are starting to play a part in the greater shift in transportation toward sustainability. As more people gain access to mobile internet, battery and charging infrastructure advancements continue to remove barriers to electric mobility. As a result, these vehicles continue to advance rapidly. They can be employed in a variety of capacities, including commercial transportation, freight hauling, and product delivery. They also provide an eco-friendly replacement for those dusky diesel truck.
Lists of Companies Profiled in the Report:
PACCAR Inc. (United States), Navistar International (United States), Tesla (United States), Rivian (United States), Nikola Corporation (United States), Bollinger Motors (United States), Xos Trucks (United States), Workhorse Group (United States), Motiv Power Systems (United States), Lightning eMotors (United States), Daimler AG (Germany), Volvo Group (Sweden), Traton SE (Germany), Einride (Sweden), Arrival (United Kingdom), Tevva Motors (United Kingdom), BYD Auto Co. Ltd (China), Dongfeng Motor Corporation (China), FAW Group (China), Hino Motors (Japan), SEA Electric (Australia), and Other Major Players.
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Growth
Over the course of the projection period, there should be steady development prospects in the electric truck market due to the strong demand from logistics organizations worldwide. Growing public knowledge of ecologically friendly transportation options is crucial because over 80 percent of emissions come from freight and airline transportation combined.
Significant Point Mentioned in Electric Truck Market Report:
By Propulsion
- Battery electric vehicle
- Hybrid electric vehicle
- Plug-in hybrid electric vehicle
- Fuel cell electric vehicle
By Vehicle type
- Light-duty electric truck
- Medium-duty electric truck
- Heavy-duty electric truck
By Range
- 0-150 miles
- 151-300 miles
- 300 miles above
World electric truck market:
Over the course of the study period, a lot of attention has been focused on the impact that self-driving technology—which is currently undergoing rapid development—will have on international markets. Big automakers like Daimler, Vera, Tesla, and Volvo are already preparing to build ways to have autonomous trucks on the road so they can sell them. Its development is also the focus of several groups in the take-off phase. Involvement in autonomous transportation theory will increase market efficiency. Thus, this is probably the direction that electric trucks are going to take in what is now recognized as their growth trajectory.
By Region
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
- Middle East Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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Growing Demand
Vehicle exhaust keeps getting cleaner as well; by next year standards will have been progressively tightened to a point where all new automobiles cannot exceed this standard for no more than one calendar year. At the same time, more and more manufacturers are replacing commercial diesel buses with electric vehicles. Its contribution to carbon emissions is substantial, yet the growth of electric vehicles in logistics accounts for a large share of demand. Therefore, this will require market expansion.
Target Audience of the Electric Truck Market in Market Study:
- Key Consulting Companies Advisors
- Key manufacturers
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers
- Third-party knowledge providers
- Investment bankers
- Investors
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