電気トラック市場 – 2032年までの世界予測

Electric Truck Market - Global Forecast to 2032

電気トラック市場 - 駆動方式(BEV、PHEV、FCEV)、タイプ(小型トラック、中型トラック、大型トラック)、航続距離、バッテリータイプ、バッテリー容量、自動化レベル、エンドユーザー、積載量、地域別 - 2032年までの世界予測
Electric Truck Market by Propulsion (BEV, PHEV, FCEV), Type (Light-duty Trucks, Medium-duty Trucks, Heavy-duty Trucks), Range, Battery Type, Battery Capacity, Level of Automation, End User, Payload Capacity, and Region - Global Forecast to 2032

商品番号 : SMB-5123

出版社MarketsandMarkets
出版年月2025年6月
ページ数301
図表数300
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本レポートでは、電気トラック市場をセグメント化し、推進力(BEV、PHEV、FCEV)、タイプ(小型トラック、中型トラック、大型トラック)、バッテリータイプ(リチウムニッケルマンガンコバルト酸化物、リチウム鉄リン酸塩、その他)、エンドユーザー(ラストマイル配送、長距離輸送、配送サービス、ゴミ収集サービス、フィールドサービス)、航続距離(最大200マイル、200マイル以上)、積載量(最大10,000ポンド、10,001~26,000ポンド、26,000ポンド以上)、自動化レベル(半自律型、自律型)、バッテリー容量(<50 kWh、50~250 kWh、250 kWh以上)、および地域(北米、ヨーロッパ、アジア太平洋、中東およびアフリカ)に基づいて規模別に市場規模を予測しています。この調査には、市場の主要プレーヤーの詳細な競合分析、各社の企業プロファイル、製品およびビジネス提供に関する主要な観察、最近の動向、市場戦略も含まれています。

本レポートは、市場リーダー企業および新規参入企業にとって、電気トラック市場全体および各サブセグメントの収益数値の近似値に関する情報を提供するのに役立ちます。また、ステークホルダーが競争環境を理解し、事業のポジショニングを改善し、適切な市場開拓戦略を策定するための洞察を深めるのに役立ちます。さらに、本レポートは市場の動向を把握し、主要な市場牽引要因、制約要因、課題、そして機会に関する情報を提供するのに役立ちます。

The electric truck market is projected to grow at a CAGR of 29.5%, reaching USD 32,133.4 million by 2032 from USD 5,247.2 million in 2025.

電気トラック市場は、2025年の52億4,720万米ドルから2032年には321億3,340万米ドルに達すると予測され、年平均成長率29.5%で成長すると予想されています。

電気トラック市場 - 2032年までの世界予測
electric-truck-market-new

The adoption of medium-duty electric trucks is gaining strong momentum, subject to stringent emission regulations and their operational benefits for urban and regional delivery. Cities worldwide are enforcing stricter limits on vehicle emissions to combat air pollution, particularly in dense urban areas where medium-duty trucks are heavily utilized for last-mile delivery and logistics. Electric trucks in this category, typically classified between Class 4 and Class 6, provide a zero-emission solution that aligns with these regulatory goals, especially as governments implement low-emission zones and congestion charges targeting diesel-powered fleets. Moreover, medium-duty electric trucks benefit from reduced noise levels, allowing for off-peak and nighttime deliveries without disturbing residents, which is particularly valuable in metropolitan areas. Companies like Ford, with its E-Transit and F-650 EV models, and BYD, with its 6D and T5 series, have introduced medium-duty electric trucks tailored for urban freight, postal delivery, and field service use cases. These trucks typically range from 150 to 200 miles per charge, which is sufficient for daily urban operations, and they reduce the total cost of ownership through lower fuel and maintenance costs. Fleet operators are increasingly viewing these vehicles as sustainable alternatives and strategic assets that enhance route efficiency, compliance, and corporate ESG goals.

中型電気トラックの導入は、厳格な排出ガス規制と、都市部および地方配送における運用上のメリットを背景に、急速に進んでいます。世界中の都市では、大気汚染対策として、特にラストマイル配送や物流に中型トラックが多用される人口密集都市部において、車両排出ガス規制の強化が進んでいます。このカテゴリーの電気トラックは、通常クラス4とクラス6に分類され、これらの規制目標に合致するゼロエミッションソリューションを提供します。特に、政府がディーゼル車を対象とした低排出ゾーンや渋滞税を導入する中で、その重要性は増しています。さらに、中型電気トラックは騒音レベルが低いため、オフピーク時や夜間の配送でも住民に迷惑をかけることなく配達できるため、特に大都市圏では大きなメリットとなります。フォードのE-TransitやF-650 EVモデル、BYDの6DやT5シリーズといった企業は、都市部の貨物輸送、郵便配達、フィールドサービスといった用途向けにカスタマイズされた中型電気トラックを投入しています。これらのトラックの航続距離は通常、1回の充電で150~200マイル(約240~320km)と、都市部の日常的な運行には十分な航続距離です。また、燃料費とメンテナンス費の削減により、総所有コスト(TCO)を削減できます。フリートオペレーターは、これらの車両を、ルート効率、コンプライアンス、そして企業のESG目標達成に貢献する持続可能な代替手段、そして戦略的資産として捉える傾向が高まっています。

“The above 200 miles segment is anticipated to exhibit the fastest growth during the forecast period.”

Electric trucks with a range above 200 miles are expected to exhibit the fastest growth during the forecast period as fleet operators increasingly seek long-range solutions for regional and long-haul logistics. This demand is driven by the need to match or exceed the operational flexibility of traditional diesel trucks, particularly in freight corridors where longer distances and limited charging downtime are critical considerations. Improvements in battery technology, such as high-energy-density lithium-ion and emerging solid-state batteries, are enabling electric trucks to achieve ranges above 200 miles on a single charge. Models like the Tesla Semi (with a reported range of up to 500 miles), the Freightliner eCascadia (with up to 230 miles), and Volvo’s VNR Electric (with up to 275 miles) illustrate the shift toward extended-range capabilities. These vehicles are increasingly being adopted for intercity transportation, food & beverage distribution, and middle-mile delivery, where fewer charging interruptions translate to higher productivity and lower total cost of ownership.

The rapid growth in this segment is further supported by significant investment in high-capacity charging infrastructure across major transportation networks. Public-private initiatives in the US, Canada, and Europe are accelerating the deployment of megawatt charging systems (MCS) along freight corridors, making long-range electric trucking more viable. Leading logistics providers such as PepsiCo, Schneider, and DHL are already piloting or operating long-range electric trucks for daily routes above 200 miles. Stricter carbon regulations for long-haul transport, combined with federal and state-level incentives for higher-performance zero-emission vehicles, are also creating favorable conditions for fleet transitions. As range anxiety continues to diminish and battery prices decline, electric trucks with extended range are becoming a strategic asset for fleets aiming to decarbonize operations without compromising logistical reach. This makes the above 200-mile segment the most attractive and fastest-growing within the electric truck market landscape.

電気トラック市場 - 2032年までの世界予測 region
electric-truck-market-new-region

“The US is projected to be the largest market for electric trucks in North America during the forecast period.”

The US is expected to lead the North American electric truck market during the forecast period. This growth is primarily driven by federal regulations, state-level mandates, and substantial investments in electrification infrastructure. The Environmental Protection Agency (EPA) and Department of Transportation (DOT) have rolled out strict emissions targets for medium- and heavy-duty vehicles, accelerating the shift toward electric alternatives. Meanwhile, states like California, New York, and Washington have enacted the Advanced Clean Trucks (ACT) rule, mandating that an increasing percentage of commercial trucks sold must be zero-emission starting in 2024. Similarly, the Inflation Reduction Act (IRA) provides incentives for commercial EV adoption, including up to USD 40,000 in tax credits per electric truck, creating a cost-effective pathway for fleet operators to transition from diesel to electric. In response, major players such as Tesla, Ford, Rivian, and Freightliner are scaling electric truck production to meet surging demand across urban delivery, regional haulage, and field service applications. The US market is also benefiting from rapidly expanding charging infrastructure and growing participation by large logistics and retail companies in electric fleet deployment. Amazon, Walmart, and FedEx have committed to electrifying their delivery operations, with thousands of electric trucks already in use or on order. Tesla’s Semi, Freightliner’s eCascadia, and Ford’s F-150 Lightning are key models driving adoption in long-haul, heavy-duty, and light-duty segments.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.

  • By Company Type: Tier 1 – 40%, Tier 2 – 42%, OEMs – 18%
  • By Designation: CXOs – 57%, Directors – 29%, Others -–14%
  • By Region: North America – 39%, Europe – 33%, Asia Pacific – 28%

The electric truck market is dominated by players such as BYD (China), AB Volvo (Sweden), Ford Motor Company (US), Daimler Truck AG (Germany), and Dongfeng Motor Corporation (China), among others.

電気トラック市場 - 2032年までの世界予測 ecosystem
electric-truck-market-new-ecosystem

Research Coverage

The report segments the electric truck market and forecasts its size by volume based on propulsion (BEV, PHEV, FCEV), type (light-duty trucks, medium-duty trucks, heavy-duty trucks), battery type (Lithium-Nickel-Manganese-Cobalt Oxide, Lithium-Iron-Phosphate, others), end user (last-mile delivery, long-haul transportation, distribution services, refuse services, field services), range (up to 200 miles, above 200 miles), payload capacity (up to 10,000 lbs, 10,001–26,000 lbs, above 26,000 lbs), level of automation (semi-autonomous, autonomous), battery capacity (<50 kWh, 50–250 kWh, above 250 kWh), and region (North America, Europe, Asia Pacific, and Middle East & Africa).  The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and market strategies.

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall electric truck market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of Key Drivers (declining battery costs, extended electric truck range, government initiatives for commercial vehicles, elevated demand for electric trucks in logistics and commercial sector), Restraints (high initial investment for production, lack of EV charging infrastructure, extended charging duration), Opportunities (development of self-driving truck technology, rapid development in fuel cell technology), and Challenges (insufficient standardization of EV charging infrastructure and low availability of lithium for EV batteries) influencing the growth of the electric truck market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and product & service launches in the electric truck market
  • Market Development: Comprehensive information about lucrative markets – the report analyzes the electric truck market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the electric truck market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like BYD (China), AB Volvo (Sweden), Ford Motor Company (US), Rivian (US), Dongfeng Motor Corporation (China), among others in the electric truck market

Table of Contents

1               INTRODUCTION              23

1.1           STUDY OBJECTIVES       23

1.2           MARKET DEFINITION   24

1.3           STUDY SCOPE   27

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      27

1.3.2        INCLUSIONS AND EXCLUSIONS 28

1.3.3        YEARS CONSIDERED      28

1.4           CURRENCY CONSIDERED            29

1.5           UNIT CONSIDERED        30

1.6           STAKEHOLDERS               30

1.7           SUMMARY OF CHANGES               30

2               RESEARCH METHODOLOGY       32

2.1           RESEARCH DATA              32

2.1.1        SECONDARY DATA          33

2.1.1.1    List of secondary sources    34

2.1.1.2    Key data from secondary sources       35

2.1.2        PRIMARY DATA 35

2.1.2.1    List of primary participants 36

2.1.2.2    Key data from primary sources           37

2.1.2.3    Breakdown of primary interviews      38

2.1.2.4    Major objectives of primary research                 38

2.2           MARKET SIZE ESTIMATION         39

2.2.1        BOTTOM-UP APPROACH              41

2.2.2        TOP-DOWN APPROACH                42

2.3           DATA TRIANGULATION                43

2.4           FACTOR ANALYSIS          44

2.5           RESEARCH ASSUMPTIONS           46

2.6           RESEARCH LIMITATIONS             46

2.7           RISK ASSESSMENT           47

3               EXECUTIVE SUMMARY  48

4               PREMIUM INSIGHTS       53

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELECTRIC TRUCK MARKET         53

4.2           ELECTRIC TRUCK MARKET, BY REGION                53

4.3           ELECTRIC TRUCK MARKET, BY TYPE      54

4.4           ELECTRIC TRUCK MARKET, BY BATTERY TYPE 54

4.5           ELECTRIC TRUCK MARKET, BY BATTERY CAPACITY                 55

4.6           ELECTRIC TRUCK MARKET, BY RANGE  55

4.7           ELECTRIC TRUCK MARKET, BY END USER            56

4.8           ELECTRIC TRUCK MARKET, BY LEVEL OF AUTOMATION                 56

4.9           ELECTRIC TRUCK MARKET, BY PROPULSION     57

4.10         ELECTRIC TRUCK MARKET, BY PAYLOAD CAPACITY                 57

5               MARKET OVERVIEW       58

5.1           INTRODUCTION              58

5.2           MARKET DYNAMICS       59

5.2.1        DRIVERS               59

5.2.1.1    Declining battery costs        59

5.2.1.2    Government initiatives promoting electric commercial vehicle sales        60

5.2.1.3    Increasing range of electric trucks     61

5.2.1.4    Growing demand for electric trucks in logistics and other industrial sectors  62

5.2.2        RESTRAINTS      64

5.2.2.1    High initial investment for production              64

5.2.2.2    Lack of EV charging infrastructure   65

5.2.2.3    Extended charging duration                67

5.2.3        OPPORTUNITIES              67

5.2.3.1    Ongoing development of self-driving truck technology 67

5.2.3.2    Innovations in fuel cell technology    68

5.2.4        CHALLENGES    69

5.2.4.1    Limited availability of lithium for EV batteries                69

5.2.4.2    Inadequate standardization of EV charging infrastructure                 69

5.3           TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS            70

5.4           ECOSYSTEM ANALYSIS  71

5.5           VALUE CHAIN ANALYSIS               72

5.6           REGULATORY LANDSCAPE         75

5.6.1        REGULATORY FRAMEWORK       76

5.6.2        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             76

5.7           PRICING ANALYSIS          81

5.7.1        AVERAGE SELLING PRICING OF ELECTRIC TRUCKS OFFERED BY KEY PLAYERS          81

5.7.2        AVERAGE SELLING PRICING TREND, BY REGION                 82

5.8           TRADE ANALYSIS             82

5.8.1        IMPORT SCENARIO (842710)        82

5.8.2        EXPORT SCENARIO (842710)        84

5.9           TECHNOLOGY ANALYSIS             85

5.9.1        KEY TECHNOLOGIES     85

5.9.1.1    Solid-state batteries              85

5.9.1.2    Cell-to-Pack technology      86

5.9.2        COMPLEMENTARY TECHNOLOGIES       86

5.9.2.1    Smart charging systems       86

5.9.3        ADJACENT TECHNOLOGIES       87

5.9.3.1    Autonomous driving             87

5.10         PATENT ANALYSIS          88

5.11         CASE STUDIES  92

5.11.1      BATTERY-ELECTRIC TRUCKS ENHANCE USER EXPERIENCE IN NORWAY             92

5.11.2      FORTESCUE EMPLOYS BATTERY-ELECTRIC TRUCKS FOR MINING OPERATIONS          93

5.11.3      RUAN ADOPTS ELECTRIC TERMINAL TRUCKS FOR LOGISTICS OPERATIONS              93

5.12         BILL OF MATERIALS       94

5.13         INVESTMENT AND FUNDING SCENARIO               94

5.14         TOTAL COST OF OWNERSHIP   96

5.15         OEM SOURCING STRATEGIES    98

5.15.1      FUTURE SOURCING STRATEGIES OF OEMS         98

5.15.2      OEM MOTOR RATING ANALYSIS, BY RANGE        98

5.15.3      COMPETITIVE MARKET ASSESSMENT, BY PAYLOAD CAPACITY           99

5.16         POTENTIAL ELECTRIC TRUCK LAUNCHES BY OEMS                 100

5.17         KEY STAKEHOLDERS AND BUYING CRITERIA     100

5.17.1      STAKEHOLDERS IN BUYING PROCESS    100

5.17.2      KEY BUYING CRITERIA  102

5.18         KEY CONFERENCES AND EVENTS, 2025–2026        103

5.19         IMPACT OF AI/GEN AI   104

6               ELECTRIC TRUCK MARKET, BY TYPE      105

6.1           INTRODUCTION              106

6.1.1        OPERATIONAL DATA     107

6.2           LIGHT-DUTY TRUCKS   107

6.2.1        RISE IN E-COMMERCE VOLUMES AND URBAN DELIVERY NEEDS  107

6.3           MEDIUM-DUTY TRUCKS               109

6.3.1        EXTENSIVE USE IN E-COMMERCE AND INTRA-STATE LOGISTICS          109

6.4           HEAVY-DUTY TRUCKS  110

6.4.1        RAPID FLEET ELECTRIFICATION DUE TO IMPROVED FOCUS ON SUSTAINABILITY      110

6.5           INDUSTRY INSIGHTS     111

7               ELECTRIC TRUCK MARKET, BY RANGE  112

7.1           INTRODUCTION              113

7.1.1        OPERATIONAL DATA     114

7.2           UP TO 200 MILES              114

7.2.1        SUITABLE FOR SHORT-HAUL AND MEDIUM-SCALE LOGISTICS          114

7.3           ABOVE 200 MILES             115

7.3.1        RISE OF ELECTRIC TRUCK FLEETS FOR LONG-HAUL TRANSPORTATION         115

7.4           INDUSTRY INSIGHTS     117

8               ELECTRIC TRUCK MARKET, BY PROPULSION     118

8.1           INTRODUCTION              119

8.1.1        OPERATIONAL DATA     120

8.2           BEV        120

8.2.1        ACCELERATED FLEET ELECTRIFICATION INCENTIVES                 120

8.3           FCEV     121

8.3.1        ONGOING DEVELOPMENTS BY PROMINENT OEMS                 121

8.4           PHEV     123

8.4.1        ADVANCEMENTS IN LITHIUM-ION BATTERIES 123

8.5           INDUSTRY INSIGHTS     124

9               ELECTRIC TRUCK MARKET, BY PAYLOAD CAPACITY                 125

9.1           INTRODUCTION              126

9.1.1        OPERATIONAL DATA     127

9.2           UP TO 10,000 LBS              127

9.2.1        PUSH FOR SUSTAINABLE TRANSPORTATION SOLUTIONS        127

9.3           10,001–26,000 LBS              128

9.3.1        INCREASED FOCUS ON CLEAN MOBILITY             128

9.4           ABOVE 26,000 LBS             128

9.4.1        STRICT EMISSION REGULATIONS AND CORPORATE SUSTAINABILITY INITIATIVES   128

9.5           INDUSTRY INSIGHTS     129

10            ELECTRIC TRUCK MARKET, BY LEVEL OF AUTOMATION                 130

10.1         INTRODUCTION              131

10.2         SEMI-AUTONOMOUS     132

10.2.1      LEVEL 1                 132

10.2.1.1  Integration of automated transmissions and dynamic steering systems in electric trucks    132

10.2.2      LEVEL 2 & 3         133

10.2.2.1  Substantial investments by OEMs     133

10.3         AUTONOMOUS 133

10.3.1      LEVEL 4                 133

10.3.1.1  Government support for autonomous electric trucks     133

10.3.2      LEVEL 5                 134

10.3.2.1  Excellent vehicle safety and reliability               134

10.4         INDUSTRY INSIGHTS     134

11            ELECTRIC TRUCK MARKET, BY BATTERY TYPE 135

11.1         INTRODUCTION              136

11.1.1      OPERATIONAL DATA     137

11.2         LITHIUM-NICKEL-MANGANESE-COBALT OXIDE (NMC)                 138

11.2.1      ONGOING ADVANCEMENTS IN BATTERY TECHNOLOGY  138

11.3         LITHIUM-IRON-PHOSPHATE (LFP)          139

11.3.1      LOWER COST THAN OTHER BATTERIES                139

11.4         OTHERS                140

11.5         INDUSTRY INSIGHTS     141

12            ELECTRIC TRUCK MARKET, BY BATTERY CAPACITY                 142

12.1         INTRODUCTION              143

12.1.1      OPERATIONAL DATA     144

12.2         LESS THAN 50 KWH         145

12.2.1      INCREASING CONSUMER AWARENESS OF ZERO-EMISSION VEHICLES      145

12.3         50–250 KWH        146

12.3.1      LARGE-SCALE DEPLOYMENT IN AFFORDABLE ELECTRIC TRUCKS          146

12.4         ABOVE 250 KWH                147

12.4.1      RISING DEMAND FOR ENVIRONMENTALLY FRIENDLY TRANSPORTATION         147

12.5         INDUSTRY INSIGHTS     148

13            ELECTRIC TRUCK MARKET, BY END USER            149

13.1         INTRODUCTION              150

13.1.1      OPERATIONAL DATA     152

13.2         LAST-MILE DELIVERY    152

13.2.1      FOCUS ON ELECTRIFICATION OF DELIVERY FLEETS                 152

13.3         FIELD SERVICES                152

13.3.1      NEED FOR SUSTAINABLE SOLUTIONS IN FIELD MAINTENANCE 152

13.4         DISTRIBUTION SERVICES             153

13.4.1      HIGH DEMAND FOR ELECTRIC TRUCKS IN LOGISTICS                 153

13.5         LONG-HAUL TRANSPORTATION              153

13.5.1      LOGISTICS COMPANIES’ INCLINATION TOWARD SUSTAINABLE TRANSPORTATION           153

13.6         REFUSE SERVICES            154

13.6.1      SHIFT IN GLOBAL WASTE MANAGEMENT PRACTICES                 154

13.7         INDUSTRY INSIGHTS     154

14            ELECTRIC TRUCK MARKET, BY REGION                155

14.1         INTRODUCTION              156

14.2         ASIA PACIFIC     158

14.2.1      MACROECONOMIC OUTLOOK  158

14.2.2      CHINA  162

14.2.2.1  Shift toward electric commercial vehicles to reduce vehicular emissions                162

14.2.3      INDIA    163

14.2.3.1  Favorable government initiatives for electric trucks       163

14.2.4      JAPAN   165

14.2.4.1  Advancements in battery technology and EV infrastructure                 165

14.2.5      SOUTH KOREA  166

14.2.5.1  Increased investments in commercial electric vehicles  166

14.3         EUROPE               167

14.3.1      MICROECONOMIC OUTLOOK   167

14.3.2      FRANCE                172

14.3.2.1  Comprehensive government incentives and active pilot projects                 172

14.3.3      GERMANY           173

14.3.3.1  Significant presence of truck manufacturers and robust government policies             173

14.3.4      NETHERLANDS 174

14.3.4.1  Rising adoption of green commercial vehicles 174

14.3.5      NORWAY              175

14.3.5.1  Robust tax incentives for electric vehicles        175

14.3.6      SWEDEN              176

14.3.6.1  Rapid OEM expansion due to favorable taxation for zero-emission vehicles  176

14.3.7      UK          177

14.3.7.1  Growing investments in ultra-low emission vehicles      177

14.4         NORTH AMERICA             178

14.4.1      MACROECONOMIC OUTLOOK  179

14.4.2      US           182

14.4.2.1  Rigorous developments in electric truck technology       182

14.4.3      CANADA               183

14.4.3.1  Strong regulatory framework and targeted incentives for zero-emission transport                183

14.5         MIDDLE EAST & AFRICA                184

14.5.1      MACROECONOMIC OUTLOOK  185

14.5.2      SOUTH AFRICA 188

14.5.2.1  Inclination toward sustainable transportation 188

14.5.3      EGYPT  189

14.5.3.1  Elevated demand for efficient freight transportation      189

15            COMPETITIVE LANDSCAPE         191

15.1         INTRODUCTION              191

15.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2025                 191

15.3         REVENUE ANALYSIS, 2022–2024  194

15.4         MARKET SHARE ANALYSIS, 2024                 194

15.5         COMPANY VALUATION AND FINANCIAL METRICS                 197

15.6         BRAND/PRODUCT COMPARISON             198

15.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 200

15.7.1      STARS   200

15.7.2      EMERGING LEADERS     200

15.7.3      PERVASIVE PLAYERS      200

15.7.4      PARTICIPANTS 200

15.7.5      COMPANY FOOTPRINT 202

15.7.5.1  Company footprint               202

15.7.5.2  Type footprint       203

15.7.5.3  Propulsion footprint             203

15.7.5.4  Battery type footprint          204

15.7.5.5  Region footprint   204

15.8         COMPANY EVALUATION MATRIX: START-UPS/SMES, 2024        205

15.8.1      PROGRESSIVE COMPANIES         205

15.8.2      RESPONSIVE COMPANIES            205

15.8.3      DYNAMIC COMPANIES  205

15.8.4      STARTING BLOCKS         205

15.8.5      COMPETITIVE BENCHMARKING               207

15.8.5.1  List of start-ups/SMEs        207

15.8.5.2  Competitive benchmarking of start-ups/SMEs               208

15.9         COMPETITIVE SCENARIO             209

15.9.1      PRODUCT LAUNCHES/DEVELOPMENTS               209

15.9.2      DEALS  214

15.9.3      EXPANSIONS     218

15.9.4      OTHERS                221

16            COMPANY PROFILES      227

16.1         KEY PLAYERS     227

16.1.1      AB VOLVO           227

16.1.1.1  Business overview 227

16.1.1.2  Products/Solutions offered 228

16.1.1.3  Recent developments           230

16.1.1.3.1                Product launches/developments        230

16.1.1.3.2                Deals      231

16.1.1.3.3                Expansions             232

16.1.1.3.4                Others    232

16.1.1.4  MnM view              233

16.1.1.4.1                Key strengths        233

16.1.1.4.2                Strategic choices   234

16.1.1.4.3                Weaknesses and competitive threats 234

16.1.2      DAIMLER TRUCK AG      235

16.1.2.1  Business overview 235

16.1.2.2  Products/Solutions offered 236

16.1.2.3  Recent developments           237

16.1.2.3.1                Product launches/developments        237

16.1.2.3.2                Deals      238

16.1.2.3.3                Expansions             238

16.1.2.3.4                Others    239

16.1.2.4  MnM view              239

16.1.2.4.1                Key strengths        239

16.1.2.4.2                Strategic choices   240

16.1.2.4.3                Weaknesses and competitive threats 240

16.1.3      FORD MOTOR COMPANY             241

16.1.3.1  Business overview 241

16.1.3.2  Products/Solutions offered 242

16.1.3.3  Recent developments           242

16.1.3.3.1                Product launches/developments        242

16.1.3.3.2                Deals      242

16.1.3.3.3                Expansions             243

16.1.3.3.4                Others    243

16.1.3.4  MnM view              244

16.1.3.4.1                Key strengths        244

16.1.3.4.2                Strategic choices   244

16.1.3.4.3                Weaknesses and competitive threats 244

16.1.4      DONGFENG MOTOR CORPORATION      245

16.1.4.1  Business overview 245

16.1.4.2  Products/Solutions offered 246

16.1.4.3  Recent developments           247

16.1.4.3.1                Product launches/developments        247

16.1.4.3.2                Deals      247

16.1.4.3.3                Expansions             248

16.1.4.4  MnM view              248

16.1.4.4.1                Key strengths        248

16.1.4.4.2                Strategic choices   249

16.1.4.4.3                Weaknesses and competitive threats 249

16.1.5      RIVIAN 250

16.1.5.1  Business overview 250

16.1.5.2  Products/Solutions offered 251

16.1.5.3  Recent developments           251

16.1.5.3.1                Product launches/developments        251

16.1.5.3.2                Deals      251

16.1.5.3.3                Others    252

16.1.5.4  MnM view              252

16.1.5.4.1                Key strengths        252

16.1.5.4.2                Strategic choices   253

16.1.5.4.3                Weaknesses and competitive threats 253

16.1.6      BYD COMPANY LTD.      254

16.1.6.1  Business overview 254

16.1.6.2  Products/Solutions offered 255

16.1.6.3  Recent developments           256

16.1.6.3.1                Product launches/developments        256

16.1.6.3.2                Deals      257

16.1.6.3.3                Expansions             258

16.1.6.3.4                Others    258

16.1.7      TESLA, INC.        260

16.1.7.1  Business overview 260

16.1.7.2  Products/Solutions offered 261

16.1.7.3  Recent developments           261

16.1.7.3.1                Product launches/developments        261

16.1.7.3.2                Deals      261

16.1.7.3.3                Expansions             262

16.1.7.3.4                Others    262

16.1.8      SCANIA 263

16.1.8.1  Business overview 263

16.1.8.2  Products/Solutions offered 264

16.1.8.3  Recent developments           264

16.1.8.3.1                Product launches/developments        264

16.1.8.3.2                Deals      265

16.1.8.3.3                Expansions             266

16.1.8.3.4                Others    267

16.1.9      PACCAR INC.      268

16.1.9.1  Business overview 268

16.1.9.2  Products/Solutions offered 269

16.1.9.3  Recent developments           270

16.1.9.3.1                Product launches/developments        270

16.1.9.3.2                Deals      271

16.1.9.3.3                Expansions             271

16.1.9.3.4                Others    272

16.1.10   FOTON INTERNATIONAL             274

16.1.10.1                 Business overview 274

16.1.10.2                 Products/Solutions offered 274

16.1.10.3                 Recent developments           275

16.1.10.3.1             Product launches/developments        275

16.1.10.3.2             Deals      276

16.1.10.3.3             Expansions             277

16.1.10.3.4             Others    277

16.1.11   VDL GROEP        278

16.1.11.1                 Business overview 278

16.1.11.2                 Products/Solutions offered 279

16.1.11.3                 Recent developments           279

16.1.11.3.1             Product launches/developments        279

16.1.11.3.2             Deals      280

16.1.11.3.3             Others    280

16.2         OTHER PLAYERS              281

16.2.1      WORKHORSE GROUP     281

16.2.2      TATA MOTORS LIMITED              282

16.2.3      ASHOK LEYLAND             283

16.2.4      ISUZU MOTORS LTD.     283

16.2.5      IRIZAR GROUP  284

16.2.6      IVECO S.P.A        284

16.2.7      BOLLINGER MOTORS    285

16.2.8      XOS TRUCKS, INC.           285

16.2.9      MAN SE 286

16.2.10   KAIYUN MOTORS             286

16.2.11   ZHEJIANG GEELY NEW ENERGY COMMERCIAL VEHICLE GROUP CO., LTD.             287

16.2.12   ORANGE EV        288

16.2.13   HINO MOTORS, LTD.     288

17            RECOMMENDATIONS   289

17.1         ASIA PACIFIC TO BE KEY MARKET FOR ELECTRIC TRUCKS                289

17.2         RISING ADOPTION OF LIGHT-DUTY ELECTRIC TRUCKS                 289

17.3         KEY GROWTH OPPORTUNITIES                290

17.3.1      ADVANCEMENTS IN BATTERY TECHNOLOGY    290

17.3.2      DEMAND FOR LONG-RANGE ELECTRIC TRUCKS                 290

17.4         CONCLUSION    291

18            APPENDIX           292

18.1         INSIGHTS FROM INDUSTRY EXPERTS     292

18.2         DISCUSSION GUIDE        293

18.3         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                297

18.4         CUSTOMIZATION OPTIONS        299

18.5         RELATED REPORTS         299

18.6         AUTHOR DETAILS           300

LIST OF TABLES

TABLE 1                ELECTRIC TRUCK MARKET DEFINITION, BY TYPE     24

TABLE 2                ELECTRIC TRUCK MARKET DEFINITION, BY END USER            25

TABLE 3                ELECTRIC TRUCK MARKET DEFINITION, BY BATTERY TYPE 25

TABLE 4                ELECTRIC TRUCK MARKET DEFINITION, BY PROPULSION     26

TABLE 5                ELECTRIC TRUCK MARKET DEFINITION, BY LEVEL OF AUTOMATION              26

TABLE 6                CURRENCY EXCHANGE RATES  29

TABLE 7                GOVERNMENT INITIATIVES FOR ELECTRIC COMMERCIAL VEHICLE SALES  60

TABLE 8                ELECTRIC TRUCK MODELS, BY RANGE AND BATTERY CAPACITY       62

TABLE 9                PURCHASE ORDERS/SUPPLY CONTRACTS FOR ELECTRIC TRUCKS          63

TABLE 10              ELECTRIC TRUCK MANUFACTURING COST BREAKDOWN (% OF TOTAL CAPEX)       65

TABLE 11              DEVELOPMENTS IN SELF-DRIVING TRUCK                 68

TABLE 12              ELECTRIC TRUCK INCENTIVES AND EXEMPTIONS, 2025           75

TABLE 13              REGULATORY FRAMEWORK       76

TABLE 14              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 76

TABLE 15              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 77

TABLE 16              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           79

TABLE 17              MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  80

TABLE 18              AVERAGE SELLING PRICING OF ELECTRIC TRUCKS OFFERED BY KEY PLAYERS, 2024 (USD)                81

TABLE 19              AVERAGE SELLING PRICE TREND, BY REGION, 2022–2024 (USD)                82

TABLE 20              US: IMPORT, BY COUNTRY (%)  82

TABLE 21              FRANCE: IMPORT, BY COUNTRY (%)       82

TABLE 22              UK: IMPORT, BY COUNTRY (%) 83

TABLE 23              GERMANY: IMPORT, BY COUNTRY (%)  83

TABLE 24              ITALY: IMPORT, BY COUNTRY (%)           83

TABLE 25              CHINA: EXPORT, BY COUNTRY (%)          84

TABLE 26              GERMANY: EXPORT, BY COUNTRY (%)  84

TABLE 27              US: EXPORT, BY COUNTRY (%)  84

TABLE 28              SWEDEN: EXPORT, BY COUNTRY (%)      85

TABLE 29              ITALY: EXPORT, BY COUNTRY (%)           85

TABLE 30              PATENT ANALYSIS          89

TABLE 31              LIST OF FUNDINGS, 2024–2025    95

TABLE 32              TOTAL COST OF OWNERSHIP FOR ELECTRIC TRUCKS                96

TABLE 33              ELECTRIC TRUCK LAUNCHES BY OEMS, 2025–2026        100

TABLE 34              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY TYPE (%)  101

TABLE 35              KEY BUYING CRITERIA, BY TYPE               103

TABLE 36              KEY CONFERENCES AND EVENTS, 2025–2026                 103

TABLE 37              ELECTRIC TRUCK MARKET, BY TYPE, 2021–2024 (UNITS)                106

TABLE 38              ELECTRIC TRUCK MARKET, BY TYPE, 2025–2032 (UNITS)                107

TABLE 39              LIGHT-DUTY ELECTRIC TRUCK MARKET, BY REGION, 2021–2024 (UNITS)         108

TABLE 40              LIGHT-DUTY ELECTRIC TRUCK MARKET, BY REGION, 2025–2032 (UNITS)         108

TABLE 41              MEDIUM-DUTY ELECTRIC TRUCK MARKET, BY REGION, 2021–2024 (UNITS)         109

TABLE 42              MEDIUM-DUTY ELECTRIC TRUCK MARKET, BY REGION, 2025–2032 (UNITS)         109

TABLE 43              HEAVY-DUTY ELECTRIC TRUCK MARKET, BY REGION, 2021–2024 (UNITS)         110

TABLE 44              HEAVY-DUTY ELECTRIC TRUCK MARKET, BY REGION, 2025–2032 (UNITS)         111

TABLE 45              ELECTRIC TRUCK MARKET, BY RANGE, 2021–2024 (UNITS)      113

TABLE 46              ELECTRIC TRUCK MARKET, BY RANGE, 2025–2032 (UNITS)      114

TABLE 47              UP TO 200 MILES: ELECTRIC TRUCK MARKET, BY REGION, 2021–2024 (UNITS)  115

TABLE 48              UP TO 200 MILES: ELECTRIC TRUCK MARKET, BY REGION, 2025–2032 (UNITS)  115

TABLE 49              ABOVE 200 MILES: ELECTRIC TRUCK MARKET, BY REGION, 2021–2024 (UNITS)  116

TABLE 50              ABOVE 200 MILES: ELECTRIC TRUCK MARKET, BY REGION, 2025–2032 (UNITS)  116

TABLE 51              ELECTRIC TRUCK MARKET, BY PROPULSION, 2021–2024 (UNITS)            119

TABLE 52              ELECTRIC TRUCK MARKET, BY PROPULSION, 2025–2032 (UNITS)            120

TABLE 53              BEV: ELECTRIC TRUCK MARKET, BY REGION, 2021–2024 (UNITS)            121

TABLE 54              BEV: ELECTRIC TRUCK MARKET, BY REGION, 2025–2032 (UNITS)            121

TABLE 55              FCEV: ELECTRIC TRUCK MARKET, BY REGION, 2021–2024 (UNITS)            122

TABLE 56              FCEV: ELECTRIC TRUCK MARKET, BY REGION, 2025–2032 (UNITS)            122

TABLE 57              PHEV: ELECTRIC TRUCK MARKET, BY REGION, 2021–2024 (UNITS)            123

TABLE 58              PHEV: ELECTRIC TRUCK MARKET, BY REGION, 2025–2032 (UNITS)            123

TABLE 59              ELECTRIC TRUCK MARKET, BY PAYLOAD CAPACITY, 2021–2024 (UNITS)    126

TABLE 60              ELECTRIC TRUCK MARKET, BY PAYLOAD CAPACITY, 2025–2032 (UNITS)    127

TABLE 61              ELECTRIC TRUCK MARKET, BY LEVEL OF AUTOMATION, 2021–2024 (UNITS)           132

TABLE 62              ELECTRIC TRUCK MARKET, BY LEVEL OF AUTOMATION, 2025–2032 (UNITS)           132

TABLE 63              ELECTRIC TRUCK MARKET, BY BATTERY TYPE, 2021–2024 (UNITS)            137

TABLE 64              ELECTRIC TRUCK MARKET, BY BATTERY TYPE, 2025–2032 (UNITS)            137

TABLE 65              LITHIUM-NICKEL-MANGANESE-COBALT OXIDE: ELECTRIC TRUCK MARKET,

BY REGION, 2021–2024 (UNITS)  138

TABLE 66              LITHIUM-NICKEL-MANGANESE-COBALT OXIDE: ELECTRIC TRUCK MARKET,

BY REGION, 2025–2032 (UNITS)  138

TABLE 67              LITHIUM-IRON-PHOSPHATE: ELECTRIC TRUCK MARKET, BY REGION,

2021–2024 (UNITS)            139

TABLE 68              LITHIUM-IRON-PHOSPHATE: ELECTRIC TRUCK MARKET, BY REGION,

2025–2032 (UNITS)            139

TABLE 69              OTHERS: ELECTRIC TRUCK MARKET, BY REGION, 2021–2024 (UNITS)         141

TABLE 70              OTHERS: ELECTRIC TRUCK MARKET, BY REGION, 2025–2032 (UNITS)         141

TABLE 71              ELECTRIC TRUCK MARKET, BY BATTERY CAPACITY, 2021–2024 (UNITS)    144

TABLE 72              ELECTRIC TRUCK MARKET, BY BATTERY CAPACITY, 2025–2032 (UNITS)    144

TABLE 73              LESS THAN 50 KWH: ELECTRIC TRUCK MARKET, BY REGION, 2021–2024 (UNITS)  145

TABLE 74              LESS THAN 50 KWH: ELECTRIC TRUCK MARKET, BY REGION, 2025–2032 (UNITS)  145

TABLE 75              50–250 KWH: ELECTRIC TRUCK MARKET, BY REGION, 2021–2024 (UNITS)         146

TABLE 76              50–250 KWH: ELECTRIC TRUCK MARKET, BY REGION, 2025–2032 (UNITS)         146

TABLE 77              ABOVE 250 KWH: ELECTRIC TRUCK MARKET, BY REGION, 2021–2024 (UNITS)         147

TABLE 78              ABOVE 250 KWH: ELECTRIC TRUCK MARKET, BY REGION, 2025–2032 (UNITS)         147

TABLE 79              ELECTRIC TRUCK MARKET, BY END USER, 2021–2024 (UNITS)      151

TABLE 80              ELECTRIC TRUCK MARKET, BY END USER, 2025–2032 (UNITS)      151

TABLE 81              ELECTRIC TRUCK MARKET, BY REGION, 2021–2024 (UNITS)      156

TABLE 82              ELECTRIC TRUCK MARKET, BY REGION, 2025–2032 (UNITS)      157

TABLE 83              ELECTRIC TRUCK MARKET, BY REGION, 2021–2024 (USD MILLION)       157

TABLE 84              ELECTRIC TRUCK MARKET, BY REGION, 2025–2032 (USD MILLION)       157

TABLE 85              ASIA PACIFIC: ELECTRIC TRUCK MARKET, BY COUNTRY, 2021–2024 (UNITS)    161

TABLE 86              ASIA PACIFIC: ELECTRIC TRUCK MARKET, BY COUNTRY, 2025–2032 (UNITS)    162

TABLE 87              CHINA: ELECTRIC TRUCK MARKET, BY TYPE, 2021–2024 (UNITS)            162

TABLE 88              CHINA: ELECTRIC TRUCK MARKET, BY TYPE, 2025–2032 (UNITS)            163

TABLE 89              INDIA: ELECTRIC TRUCK MARKET, BY TYPE, 2021–2024 (UNITS)            164

TABLE 90              INDIA: ELECTRIC TRUCK MARKET, BY TYPE, 2025–2032 (UNITS)            164

TABLE 91              JAPAN: ELECTRIC TRUCK MARKET, BY TYPE, 2021–2024 (UNITS)            165

TABLE 92              JAPAN: ELECTRIC TRUCK MARKET, BY TYPE, 2025–2032 (UNITS)            165

TABLE 93              SOUTH KOREA: ELECTRIC TRUCK MARKET, BY TYPE, 2021–2024 (UNITS)               166

TABLE 94              SOUTH KOREA: ELECTRIC TRUCK MARKET, BY TYPE, 2025–2032 (UNITS)               167

TABLE 95              EUROPE: ELECTRIC TRUCK MARKET, BY COUNTRY, 2021–2024 (UNITS)    171

TABLE 96              EUROPE: ELECTRIC TRUCK MARKET, BY COUNTRY, 2025–2032 (UNITS)    171

TABLE 97              FRANCE: ELECTRIC TRUCK MARKET, BY TYPE, 2021–2024 (UNITS)            172

TABLE 98              FRANCE: ELECTRIC TRUCK MARKET, BY TYPE, 2025–2032 (UNITS)            173

TABLE 99             GERMANY: ELECTRIC TRUCK MARKET, BY TYPE, 2021–2024 (UNITS)            173

TABLE 100          GERMANY: ELECTRIC TRUCK MARKET, BY TYPE, 2025–2032 (UNITS)            173

TABLE 101            NETHERLANDS: ELECTRIC TRUCK MARKET, BY TYPE, 2021–2024 (UNITS)               174

TABLE 102            NETHERLANDS: ELECTRIC TRUCK MARKET, BY TYPE, 2025–2032 (UNITS)               175

TABLE 103            NORWAY: ELECTRIC TRUCK MARKET, BY TYPE, 2021–2024 (UNITS)            175

TABLE 104            NORWAY: ELECTRIC TRUCK MARKET, BY TYPE, 2025–2032 (UNITS)            176

TABLE 105            SWEDEN: ELECTRIC TRUCK MARKET, BY TYPE, 2021–2024 (UNITS)            177

TABLE 106            SWEDEN: ELECTRIC TRUCK MARKET, BY TYPE, 2025–2032 (UNITS)            177

TABLE 107            UK: ELECTRIC TRUCK MARKET, BY TYPE, 2021–2024 (UNITS)      178

TABLE 108            UK: ELECTRIC TRUCK MARKET, BY TYPE, 2025–2032 (UNITS)      178

TABLE 109            NORTH AMERICA: ELECTRIC TRUCK MARKET, BY COUNTRY, 2021–2024 (UNITS)              182

TABLE 110            NORTH AMERICA: ELECTRIC TRUCK MARKET, BY COUNTRY, 2025–2032 (UNITS)              182

TABLE 111            US: ELECTRIC TRUCK MARKET, BY TYPE, 2021–2024 (UNITS)      183

TABLE 112            US: ELECTRIC TRUCK MARKET, BY TYPE, 2025–2032 (UNITS)      183

TABLE 113            CANADA: ELECTRIC TRUCK MARKET, BY TYPE, 2021–2024 (UNITS)            183

TABLE 114            CANADA: ELECTRIC TRUCK MARKET, BY TYPE, 2025–2032 (UNITS)            184

TABLE 115            MIDDLE EAST & AFRICA: ELECTRIC TRUCK MARKET, BY COUNTRY,

2021–2024 (UNITS)            187

TABLE 116            MIDDLE EAST & AFRICA: ELECTRIC TRUCK MARKET, BY COUNTRY,

2025–2032 (UNITS)            187

TABLE 117            SOUTH AFRICA: ELECTRIC TRUCK MARKET, BY TYPE, 2021–2024 (UNITS)               188

TABLE 118            SOUTH AFRICA: ELECTRIC TRUCK MARKET, BY TYPE, 2025–2032 (UNITS)               188

TABLE 119            EGYPT: ELECTRIC TRUCK MARKET, BY TYPE, 2021–2024 (UNITS)            189

TABLE 120            EGYPT: ELECTRIC TRUCK MARKET, BY TYPE, 2025–2032 (UNITS)            190

TABLE 121            KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2025        191

TABLE 122            ELECTRIC TRUCK MARKET: DEGREE OF COMPETITION, 2024       194

TABLE 123            TYPE FOOTPRINT            203

TABLE 124            PROPULSION FOOTPRINT           203

TABLE 125            BATTERY TYPE FOOTPRINT       204

TABLE 126            REGION FOOTPRINT     204

TABLE 127            LIST OF START-UPS/SMES           207

TABLE 128            COMPETITIVE BENCHMARKING OF START-UPS/SMES           208

TABLE 129            ELECTRIC TRUCK MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, 2022–2025                209

TABLE 130            ELECTRIC TRUCK MARKET: DEALS, 2022–2025                 214

TABLE 131            ELECTRIC TRUCK MARKET: EXPANSIONS, 2022–2025        218

TABLE 132            ELECTRIC TRUCK MARKET: OTHERS, 2022–2025                 221

TABLE 133            AB VOLVO: COMPANY OVERVIEW           227

TABLE 134            AB VOLVO: PRODUCTS/SOLUTIONS OFFERED                 228

TABLE 135            AB VOLVO: PRODUCT LAUNCHES/DEVELOPMENTS    230

TABLE 136            AB VOLVO: DEALS           231

TABLE 137            AB VOLVO: EXPANSIONS              232

TABLE 138            AB VOLVO: OTHERS       232

TABLE 139            DAIMLER TRUCK AG: COMPANY OVERVIEW                 235

TABLE 140            DAIMLER TRUCK AG: PRODUCTS/SOLUTIONS OFFERED             236

TABLE 141            DAIMLER TRUCK AG: PRODUCT LAUNCHES/DEVELOPMENTS    237

TABLE 142            DAIMLER TRUCK AG: DEALS      238

TABLE 143            DAIMLER TRUCK AG: EXPANSIONS         238

TABLE 144            DAIMLER TRUCK AG: OTHERS   239

TABLE 145            FORD MOTOR COMPANY: COMPANY OVERVIEW          241

TABLE 146            FORD MOTOR COMPANY: PRODUCTS/SOLUTIONS OFFERED          242

TABLE 147            FORD MOTOR COMPANY: PRODUCT LAUNCHES/DEVELOPMENTS    242

TABLE 148            FORD MOTOR COMPANY: DEALS             242

TABLE 149            FORD MOTOR COMPANY: EXPANSIONS                 243

TABLE 150            FORD MOTOR COMPANY: OTHERS         243

TABLE 151            DONGFENG MOTOR CORPORATION: COMPANY OVERVIEW   245

TABLE 152            DONGFENG MOTOR CORPORATION: PRODUCTS/SOLUTIONS OFFERED          246

TABLE 153            DONGFENG MOTOR CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS               247

TABLE 154            DONGFENG MOTOR CORPORATION: DEALS                 247

TABLE 155            DONGFENG MOTOR CORPORATION: EXPANSIONS     248

TABLE 156            RIVIAN: COMPANY OVERVIEW  250

TABLE 157            RIVIAN: PRODUCTS/SOLUTIONS OFFERED                 251

TABLE 158            RIVIAN: PRODUCT LAUNCHES/DEVELOPMENTS    251

TABLE 159            RIVIAN: DEALS  251

TABLE 160            RIVIAN: OTHERS               252

TABLE 161            BYD COMPANY LTD.: COMPANY OVERVIEW                 254

TABLE 162            BYD COMPANY LTD.: PRODUCTS/SOLUTIONS OFFERED             255

TABLE 163            BYD COMPANY LTD.: PRODUCT LAUNCHES/DEVELOPMENTS    256

TABLE 164            BYD COMPANY LTD.: DEALS      257

TABLE 165            BYD COMPANY LTD.: EXPANSIONS         258

TABLE 166            BYD COMPANY LTD.: OTHERS   258

TABLE 167            TESLA, INC.: COMPANY OVERVIEW         260

TABLE 168            TESLA, INC.: PRODUCTS/SOLUTIONS OFFERED                 261

TABLE 169            TESLA, INC.: PRODUCT LAUNCHES/DEVELOPMENTS    261

TABLE 170            TESLA, INC.: DEALS         261

TABLE 171            TESLA, INC.: EXPANSIONS            262

TABLE 172            TESLA, INC.: OTHERS     262

TABLE 173            SCANIA: COMPANY OVERVIEW 263

TABLE 174            SCANIA: PRODUCTS/SOLUTIONS OFFERED                 264

TABLE 175            SCANIA: PRODUCT LAUNCHES/DEVELOPMENTS    264

TABLE 176            SCANIA: DEALS 265

TABLE 177            SCANIA: EXPANSIONS    266

TABLE 178            SCANIA: OTHERS              267

TABLE 179            PACCAR INC.: COMPANY OVERVIEW      268

TABLE 180            PACCAR INC.: PRODUCTS/SOLUTIONS OFFERED             269

TABLE 181            PACCAR INC.: PRODUCT LAUNCHES/DEVELOPMENTS    270

TABLE 182            PACCAR INC.: DEALS      271

TABLE 183            PACCAR INC.: EXPANSIONS         271

TABLE 184            PACCAR INC.: OTHERS  272

TABLE 185            FOTON INTERNATIONAL: COMPANY OVERVIEW          274

TABLE 186            FOTON INTERNATIONAL: PRODUCTS/SOLUTIONS OFFERED          274

TABLE 187            FOTON INTERNATIONAL: PRODUCT LAUNCHES/DEVELOPMENTS    275

TABLE 188            FOTON INTERNATIONAL: DEALS             276

TABLE 189            FOTON INTERNATIONAL: EXPANSIONS                 277

TABLE 190            FOTON INTERNATIONAL: OTHERS         277

TABLE 191            VDL GROEP: COMPANY OVERVIEW         278

TABLE 192            VDL GROEP: PRODUCTS/SOLUTIONS OFFERED                 279

TABLE 193            VDL GROEP: PRODUCT LAUNCHES/DEVELOPMENTS    279

TABLE 194            VDL GROEP: DEALS        280

TABLE 195            VDL GROEP: OTHERS    280

TABLE 196            WORKHORSE GROUP: COMPANY OVERVIEW                 281

TABLE 197            TATA MOTORS LIMITED: COMPANY OVERVIEW                 282

TABLE 198            ASHOK LEYLAND: COMPANY OVERVIEW                 283

TABLE 199            ISUZU MOTORS LTD.: COMPANY OVERVIEW                 283

TABLE 200            IRIZAR GROUP: COMPANY OVERVIEW   284

TABLE 201            IVECO S.P.A: COMPANY OVERVIEW         284

TABLE 202            BOLLINGER MTORS: COMPANY OVERVIEW                 285

TABLE 203            XOS TRUCKS, INC.: COMPANY OVERVIEW                 285

TABLE 204            MAN SE: COMPANY OVERVIEW 286

TABLE 205            KAIYUN MOTORS: COMPANY OVERVIEW                 286

TABLE 206            ZHEJIANG GEELY NEW ENERGY COMMERCIAL VEHICLE GROUP CO., LTD.: COMPANY OVERVIEW          287

TABLE 207            ORANGE EV: COMPANY OVERVIEW         288

TABLE 208            HINO MOTORS, LTD.: COMPANY OVERVIEW                 288

LIST OF FIGURES

FIGURE 1              ELECTRIC TRUCK MARKET SEGMENTATION                 27

FIGURE 2              RESEARCH DESIGN         32

FIGURE 3              RESEARCH DESIGN MODEL         33

FIGURE 4              RESEARCH METHODOLOGY: HYPOTHESIS BUILDING           40

FIGURE 5              BOTTOM-UP APPROACH              41

FIGURE 6              TOP-DOWN APPROACH                42

FIGURE 7              MARKET SIZE ESTIMATION NOTES         42

FIGURE 8              DATA TRIANGULATION                43

FIGURE 9              FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES    45

FIGURE 10            ELECTRIC TRUCK MARKET OUTLOOK  48

FIGURE 11            ELECTRIC TRUCK MARKET, BY REGION, 2025–2032        49

FIGURE 12            LITHIUM NICKEL MANGANESE COBALT OXIDE TO HOLD HIGHEST SHARE IN 2025           50

FIGURE 13            MEDIUM-DUTY TRUCKS TO BE FASTEST-GROWING SEGMENT DURING

FORECAST PERIOD         51

FIGURE 14            KEY PLAYERS IN ELECTRIC TRUCK MARKET                 51

FIGURE 15            RISE IN FUEL-EFFICIENT VEHICLE OWNERSHIP TO DRIVE MARKET         53

FIGURE 16            ASIA PACIFIC TO BE LARGEST MARKET FOR ELECTRIC TRUCKS DURING

FORECAST PERIOD         53

FIGURE 17            LIGHT-DUTY TRUCKS TO SURPASS OTHER SEGMENTS DURING FORECAST PERIOD               54

FIGURE 18            LITHIUM-IRON-PHOSPHATE SEGMENT TO BE DOMINANT DURING FORECAST PERIOD              54

FIGURE 19            ABOVE 250 KWH SEGMENT TO HOLD HIGHEST SHARE IN 2025   55

FIGURE 20            UP TO 200 MILES SEGMENT TO BE LARGER THAN ABOVE 200 MILES SEGMENT DURING FORECAST PERIOD                 55

FIGURE 21            LONG-HAUL TRANSPORTATION TO EXHIBIT FASTEST GROWTH DURING

FORECAST PERIOD         56

FIGURE 22            SEMI-AUTONOMOUS TO ACQUIRE HIGHER SHARE THAN AUTONOMOUS DURING FORECAST PERIOD                 56

FIGURE 23            BEV SEGMENT TO SECURE LEADING POSITION DURING FORECAST PERIOD       57

FIGURE 24            ABOVE 26,001 LBS SEGMENT TO BE PREVALENT DURING FORECAST PERIOD       57

FIGURE 25            ELECTRIC TRUCK MARKET DYNAMICS 59

FIGURE 26            PRICE TREND OF EV BATTERIES, 2020–2030 (USD/KWH)        60

FIGURE 27            GLOBAL ELECTRIFICATION TARGET, 2025–2050                 61

FIGURE 28            US GRID SCENARIO         66

FIGURE 29            PRIVATE, SEMI-PUBLIC, AND PUBLIC CHARGING          66

FIGURE 30            CHARGING TIME REQUIRED FOR DIFFERENT METHODS           67

FIGURE 31            LITHIUM-ION BATTERY DEMAND, 2015–2030                 69

FIGURE 32            EV CHARGERS USED GLOBALLY                70

FIGURE 33            TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS   70

FIGURE 34            ECOSYSTEM ANALYSIS  71

FIGURE 35            VALUE CHAIN ANALYSIS               73

FIGURE 36            PATENT ANALYSIS          88

FIGURE 37            BILL OF MATERIALS FOR ELECTRIC TRUCKS                 94

FIGURE 38            INVESTMENT AND FUNDING SCENARIO, 2022–2025        94

FIGURE 39            TOTAL COST OF OWNERSHIP: FORD ELECTRIC TRANSIT VS. ICE TRANSIT 3.5-TON MODELS       97

FIGURE 40            FUTURE SOURCING STRATEGIES OF OEMS                 98

FIGURE 41            OEM MOTOR RATING ANALYSIS, BY RANGE                 98

FIGURE 42            COMPETITIVE MARKET ASSESSMENT, BY PAYLOAD CAPACITY      99

FIGURE 43            ELECTRIC TRUCKS CARGO DELIVERY VS. PAYLOAD CAPACITY      99

FIGURE 44            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY TYPE          101

FIGURE 45            KEY BUYING CRITERIA, BY TYPE               102

FIGURE 46            ELECTRIC TRUCK MARKET, BY TYPE, 2025–2032 (UNITS)                106

FIGURE 47            ELECTRIC TRUCK MARKET, BY RANGE, 2025–2032 (UNITS)      113

FIGURE 48            ELECTRIC TRUCK MARKET, BY PROPULSION, 2025–2032 (UNITS)            119

FIGURE 49            ELECTRIC TRUCK MARKET, BY PAYLOAD CAPACITY, 2025–2032 (UNITS)    126

FIGURE 50            ELECTRIC TRUCK MARKET, BY LEVEL OF AUTOMATION, 2025–2032 (UNITS)           131

FIGURE 51            ELECTRIC TRUCK MARKET, BY BATTERY TYPE, 2025–2032 (UNITS)            136

FIGURE 52            ELECTRIC TRUCK MARKET, BY BATTERY CAPACITY, 2025–2032 (UNITS)    143

FIGURE 53            ELECTRIC TRUCK MARKET, BY END USER, 2025–2032 (UNITS)      150

FIGURE 54            ELECTRIC TRUCK MARKET, BY REGION, 2025–2032 (UNITS)      156

FIGURE 55            ASIA PACIFIC: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026      159

FIGURE 56            ASIA PACIFIC: GDP PER CAPITA, BY COUNTRY, 2024–2026              159

FIGURE 57            ASIA PACIFIC: CPI INFLATION RATE, BY COUNTRY, 2024–2026      159

FIGURE 58            ASIA PACIFIC: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024  160

FIGURE 59            ASIA PACIFIC: ELECTRIC TRUCK MARKET SNAPSHOT          161

FIGURE 60            EUROPE: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026      168

FIGURE 61            EUROPE: GDP PER CAPITA, BY COUNTRY, 2024–2026        169

FIGURE 62            EUROPE: CPI INFLATION RATE, BY COUNTRY, 2024–2026              169

FIGURE 63            EUROPE: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024  169

FIGURE 64            EUROPE: ELECTRIC TRUCK MARKET, BY COUNTRY, 2025–2032 (UNITS)    171

FIGURE 65            NORTH AMERICA: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026                180

FIGURE 66            NORTH AMERICA: GDP PER CAPITA, BY COUNTRY, 2024–2026      180

FIGURE 67            NORTH AMERICA: CPI INFLATION RATE, BY COUNTRY, 2024–2026      180

FIGURE 68            NORTH AMERICA: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024            181

FIGURE 69            NORTH AMERICA: ELECTRIC TRUCK MARKET SNAPSHOT          181

FIGURE 70            MIDDLE EAST & AFRICA: REAL GDP ANNUAL PERCENTAGE CHANGE, 2024–2026            185

FIGURE 71            MIDDLE EAST & AFRICA: GDP PER CAPITA, BY COUNTRY, 2024–2026      185

FIGURE 72            MIDDLE EAST & AFRICA: CPI INFLATION RATE, BY COUNTRY, 2024–2026                186

FIGURE 73            MIDDLE EAST & AFRICA: MANUFACTURING INDUSTRY CONTRIBUTION

TO GDP, 2024     186

FIGURE 74            MIDDLE EAST & AFRICA: ELECTRIC TRUCK MARKET, BY COUNTRY,

2025–2032 (UNITS)            187

FIGURE 75            REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2022−2024            194

FIGURE 76            MARKET SHARE ANALYSIS OF KEY PLAYERS, 2024        195

FIGURE 77            VALUATION OF KEY PLAYERS, 2024         197

FIGURE 78            FINANCIAL METRICS OF KEY PLAYERS, 2024                 198

FIGURE 79            BRAND/PRODUCT COMPARISON             199

FIGURE 80            COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024  201

FIGURE 81            COMPANY FOOTPRINT 202

FIGURE 82            COMPANY EVALUATION MATRIX (START-UPS/SMES), 2024                206

FIGURE 83            AB VOLVO: COMPANY SNAPSHOT           228

FIGURE 84            DAIMLER TRUCK AG: COMPANY SNAPSHOT                 235

FIGURE 85            FORD MOTOR COMPANY: COMPANY SNAPSHOT          241

FIGURE 86            DONGFENG MOTOR CORPORATION: COMPANY SNAPSHOT   245

FIGURE 87            RIVIAN: COMPANY SNAPSHOT  250

FIGURE 88            BYD COMPANY LTD.: COMPANY SNAPSHOT                 255

FIGURE 89            TESLA, INC.: COMPANY SNAPSHOT         260

FIGURE 90            SCANIA: COMPANY SNAPSHOT 263

FIGURE 91            PACCAR INC.: COMPANY SNAPSHOT      268

FIGURE 92            VDL GROEP: COMPANY SNAPSHOT        278