The global electric commercial truck market is anticipated to grow at a considerable CAGR of 22.3 % during the forecast period. The reducing cost of EV batteries will make trucks more affordable and will help to increase demand, which will gear up the electric commercial truck market during the forecast period. Government strictness, companies are pushed to switch on electric trucks and vehicles to reduce emissions. Due to technological advancements and the production of EV batteries on a large bulk scale, the cost of EV batteries has been reduced over the past decade. For instance, in September 2020, Tesla Revealed a Plan to halve EV battery costs at battery day 2020. However, Tesla CEO Elon Musk combined these with others not released before to promise a reduction in the cost per kWh of batteries of over 50%. This would be a phenomenal achievement and way beyond current predictions for the industry. It could lead to a revolutionary reduction in EV pricing.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Electric Propulsion
- By Applications
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape– including AB Volvo, Daimler AG, Dongfeng Motor Corp., BYD Company Ltd., PACCAR Inc., Scania CV AB, Nikola Corp., Tesla Inc., Workhouse Group, and others.
Electric Commercial Truck Market Report Segment
By Electric Propulsion
- Plug-In Hybrid
- Fuel cell Electric
- Battery Electric
By Applications
- Logistics
- Municipal
- Construction
- Mining
- Others
A full Report of Electric Commercial Truck Market is Available at: https://www.omrglobal.com/industry-reports/electric-commercial-truck-market
Electric Commercial Truck Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- AB Volvo
- Cityfreighter Inc.
- Einride AB
- E-Trucks Europe
- Hitachi Ltd.
- Hyliion Inc.
- Lion Electrique
- Man Truck & Bus SE
- Nikola Corp.
- Rivian Automotive Inc.
- Sandvik AB
- Tata Motors Ltd.
- Tevva Motors Ltd.
- Tesla Inc.
- Via Motors Inc.
- Volkswagen AG
- Volta Trucks
- Workhorse Group
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
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Contact Person: Mr. Anurag Tiwari
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