Press release
Electric Truck Market Growing Massively at +14% CAGR by 2031 | Key Players: Rivian, Nikola Corporation, BYD, Daimler AG, Volvo Group, Ford, General Motors, PACCAR, Mitsubishi Fuso Truck
The Global Electric truck Market in terms of revenue was estimated to be worth USD XX billion in 2023 and is poised to grow at a CAGR of 14.0% from 2024 to 2031.
Get Free Sample Copy of this Report:
https://www.theresearchinsights.com/request_sample.php?id=559267
Top Key Players Profiled in This Report:
Rivian, Nikola Corporation, BYD, Daimler AG, Volvo Group, Ford, General Motors, PACCAR, Mitsubishi Fuso Truck and Bus Corporation and Others.
Increased focus of government on emission free vehicles and policies would drive adoption of electric trucks in the e-commerce and logistics sector. Further, It will create opportunities for OEMs to expand their revenue stream and geographical presence in electric commercial vehicle industry.
Electric Truck Market Trends
As EV batteries are one of the more expensive components of an electric truck, this has caused the price of electric trucks to plummet. For instance, the cost of an EV battery in 2010 was approximately USD 1,100 per kWh. While the cost is as low as USD 100 per kWh in China, their price dropped to about USD 137 per kWh by 2020. By 2030, the cost of EV batteries is anticipated to drop to about USD 40-60 per kWh, which will significantly lower the cost of EV trucks and bring their pricing closer to that of traditional ICE trucks. The expanding EV batteries industry is another factor driving the electric truck market revenue.
The electric truck market is anticipated to develop due to government incentives and programs. Innovative policies and incentive programs are being implemented by governments worldwide to promote the use of electric vehicles in all market segments (bikes, autos, cars and commercial vehicles). For instance, the Indian government introduced the FAME II amendment and the PLI (production-linked incentive) program for the auto industry, intending to convert 30% of private automobiles, 70% of commercial vehicles, and 80% of two- and three-wheelers to electric by 2030. Therefore, the growing government policies have enhanced the global market CAGR in recent years.
Get 30% Discount on this Report:
https://www.theresearchinsights.com/ask_for_discount.php?id=559267
Electric Truck Market Segmentation by Vehicle:
• Light-duty trucks
• Medium-duty trucks
• Heavy-duty trucks
Electric Truck Market Segmentation by Application:
• Logistics & delivery
• Construction
• Waste management
• Others
Electric Truck Market Segmentation by Battery Technology:
• Battery electric trucks
• Hybrid electric trucks
• Plug-in hybrid electric trucks
• Fuel cell electric trucks
Electric Truck Market Segmentation by Battery Capacity:
• Below 100 kWh
• 100-300 kWh
• Above 300 kWh
Electric Truck Market Segmentation by Battery GVWR:
• Below 6 tons
• 6 - 14 tons
• Above 14 tons
Electric Truck Market by Regions:
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Reasons for buying this report:-
• It offers an analysis of changing competitive scenario.
• For making informed decisions in the businesses, it offers analytical data with strategic planning methodologies.
• It offers seven-year assessment of Electric Truck Market.
• It helps in understanding the major key product segments.
• Researchers throw light on the dynamics of the market such as drivers, restraints, trends, and opportunities.
• It offers regional analysis of Electric Truck Market along with business profiles of several stakeholders.
• It offers massive data about trending factors that will influence the progress of the Electric Truck Market.
Purchase Complete Electric Truck Market Report at:
https://www.theresearchinsights.com/checkout?id=559267
Contact us:
Robin
Sales manager
+91-996-067-0000
sales@theresearchinsights.com
https://www.theresearchinsights.com
About us:
The Research Insights - A global leader in analytics, research and advisory that can assist you to renovate your business and modify your approach. With us, you will learn to take decisions intrepidly. We make sense of drawbacks, opportunities, circumstances, estimations and information using our experienced skills and verified methodologies. Our research reports will give you an exceptional experience of innovative solutions and outcomes. We have effectively steered businesses all over the world with our market research reports and are outstandingly positioned to lead digital transformations. Thus, we craft greater value for clients by presenting advanced opportunities in the global market.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electric Truck Market Growing Massively at +14% CAGR by 2031 | Key Players: Rivian, Nikola Corporation, BYD, Daimler AG, Volvo Group, Ford, General Motors, PACCAR, Mitsubishi Fuso Truck here
News-ID: 3490643 • Views: …
More Releases from The Research Insights
Medical Scheduling Software Market poised to grow at CAGR of +13% by 2031 | Kare …
Medical scheduling software allows patients to schedule their appointments through online when they are away from the hospitals or clinics. The practice employs the comprehensive system with an integrated patient portal and scheduling software. Common features of a medical scheduling software include, patient registration, appointment reminder services, customizable settings, and patient tracking. The economic and efficient handling of the software has led to increased preference of the software.
The global Medical…
Here's how Business Travel Market growing at a CAGR of +10% by 2031 | Airbnb, Am …
Business travel is a division of regular tourism in which people travel for a business-oriented purpose. It includes transportation, accommodation, business work, entertainment, and other activities.
According to World Travel and Tourism Council (WTTC), the global travel & tourism sector contributed to around $5.8 trillion to the global GDP (Gross Domestic Product) in 2021. The business travel segment witnesses the highest growth rate in this industry, as employees working in multinational…
Luxury Goods Market Will Reflect Significant Growth during 2024 - 2031 | LVMH Gr …
Luxury goods are high-value products in terms of price and quality. These goods are mostly considered as status symbols for individuals. The global luxury goods market has significantly benefited from the economic growth in the Asia-Pacific and LAMEA regions. Increase in spending capacity of consumers and rise in living standards are expected to boost the market growth.
Countries in the developing regions, such as China, India, South Korea, UAE, and Brazil…
Movies and Entertainment Market to Witness Promising Growth by 2024 - 2031 | Uni …
The Movies and Entertainment Market encompasses the production, distribution, and consumption of various forms of entertainment content, including but not limited to movies, television shows, streaming media, music, live performances, and gaming. It includes both traditional mediums such as theaters and broadcast television, as well as emerging digital platforms like streaming services and online gaming platforms. This market is driven by consumer demand for diverse and engaging entertainment experiences, as…
More Releases for Electric
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region.
Click…
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021
The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market…
Wireless Sensors Market Regional Outlook, Top Manufactures General Electric, Yok …
The Global Wireless Sensors Market is measurement tools equipped with transmitters that convert signals from instruments into radio transmission signals. Increasing interest of manufacturers in research and development of more efficient Wireless sensors are expected to drive the wireless sensors market. However, this market is highly competitive and price sensitive are hampering the growth of the market.
For More Info, Get Sample Report Here @ https://www.orianresearch.com/request-sample/1371276
What you can expect from…
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities…
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research.
This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa…
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in…
