According to the latest report by IMARC Group, titled, “Electric Truck Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, The global electric truck market size reached US$ 515.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,556.1 Million by 2028, exhibiting a growth rate (CAGR) of 32.2% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Industry Definition and Application:
An electric truck is a commercial vehicle powered by one or more electric motors rather than a traditional internal combustion engine (ICE) fueled by gasoline or diesel. It is charged using an external power source and is designed to handle heavy-duty tasks. It produces no emissions from its tailpipes, significantly reducing greenhouse gas (GHG) emissions and air pollution. It also offers instant torque and enables improved acceleration and performance in urban driving conditions. In addition, it operates more quietly than traditional ICE trucks. Since it provides higher energy efficiency, environmental friendliness, and lower maintenance costs, the electric truck finds extensive applications in the logistics, municipal, construction, and mining industries across the globe.
Request for a free sample copy of this report: https://www.imarcgroup.com/electric-truck-market/requestsample
Electric Truck Market Trends and Drivers:
The global electric truck market is primarily driven by the rising focus on sustainable development. Moreover, key players are investing heavily in the development of lightweight variants of electric trucks to enhance fuel efficiency while reducing vehicular emissions, thereby positively influencing the market growth. Additionally, the rising funding by private and public agencies for constructing electric vehicle (EV) charging stations has catalyzed market growth. Furthermore, several favorable initiatives taken by governments of various countries, such as the provision of attractive subsidies and loans on the purchase of EVs, to promote e-mobility and control pollution levels are contributing to market growth. Other factors, including the increasing need for logistics and freights, ongoing research and development (R&D) activities, rapid industrialization, and significant improvements in the automotive and e-commerce sectors, are also anticipated to create a positive market outlook.
Global Electric Truck 2023-2028 Analysis and Segmentation:
Competitive Landscape:
- VolvoGroup
- BYD Company Ltd.
- Mercedes-Benz Group AG
- China FAW Group Co. Ltd.
- Isuzu Motors Ltd
- Navistar Inc.
- PACCAR Inc.
- Rivian Automotive, Inc.
- Volkswagen AG
- Tata Motors Limited
- Tesla, Inc.
- Tevva Motors Limited.
Breakup by Vehicle Type:
- Light-duty Truck
- Medium-duty Truck
- Heavy-duty Truck
Breakup by Propulsion:
- Battery Electric Truck
- Hybrid Electric Truck
- Plug-in Hybrid Electric Truck
- Fuel Cell Electric Truck
Breakup by Range:
- 0-150 Miles
- 151-300 Miles
- Above 300 Miles
Breakup by Application:
- Logistics
- Municipal
- Construction
- Mining
- Others
Buy Full Report With TOC: https://www.imarcgroup.com/checkout?id=3635&method=1
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: +1-631-791-1145
Address:134 N 4th St.
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com