Electric Truck Market Size, Share, Growth, Trends Industry Forecast by 2026

According to the latest report by IMARC Group, titled “Electric Truck Market Size: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” provide the global electric truck market exhibited strong growth during 2015-2020 and expects the market to grow at a CAGR of around 20% during 2021-2026. The report provides a detailed analysis of the market by vehicle type, propulsion, range, application and Geography Also, the report analyzes the market’s competitive landscape.

Report Metric

Historical: 2015-2020

Base Year: 2020

Forecast Year: 2021-2026

Download free sample of the report:  https://www.imarcgroup.com/electric-truck-market/requestsample

Electric Truck Market Industry Definition and Application:

Electric trucks are electronic vehicles that run on batteries powered by the power grid. They are considered an efficient and cost-effective alternative to conventional fossil fuel trucks as they emit low CO2 emissions from vehicles, contributing to a greener environment. These trucks are extensively used in the commercial sector to deliver cargo due to their increased battery storage capacity.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Electric Truck Market Trends and Drivers:

The global electric truck market is primarily driven by various government initiatives and regulations that promote the adoption of zero-emission vehicles. The low maintenance cost of the electric trucks has also escalated their demand across several sectors such as logistics, municipal, construction, and mining. Besides this, the improvement in the electronic charging infrastructure and the utilization of magnetic resonance for wireless vehicle charging also acts as other growth-inducing factors. Furthermore, with the growing e-commerce sector, electric trucks are widely used to deliver products to remote locations. These factors are providing a positive thrust to the market growth.

Browse full report with TOC:  https://www.imarcgroup.com/electric-truck-market

Electric Truck Market Segmentation:

The report has segmented the market on the based on region, vehicle type, propulsion, range and application.

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

Breakup by Region:

• North America:(United State,Canada)
• Asia-Pacific:(China, Japan,India, South Korea,Australia, Indonesia,Others)
• Europe: (Germany,France,United Kingdom,Italy,Spain,Russia,Others
• Latin America: (Brazi,Mexico,Others)
• Middle East and Africa

Who are the Major Electric Truck Market Key players?

The report provides a detailed analysis of the market leaders, including.

AB Volvo, BYD Company Ltd., Daimler AG, FAW Group Co. Ltd., Navistar Inc., PACCAR Inc., Rivian Automotive Inc., Scania AB (Volkswagen AG), Tata Motors Limited, Tesla Inc. and Tevva Motors Limited.

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