The North America electric trucks market is expected to grow from US$ 1390.19 million in 2022 to US$ 5652.14 million by 2028. It is estimated to grow at a CAGR of 26.3% from 2022 to 2028.

North America Electric Trucks Market Introduction

Driven by the escalating concern over the transportation sector's environmental footprint, there's an unprecedented global requirement to decarbonize transportation. This is crucial for meeting climate goals and limiting global warming, leading to a surge in the adoption of low-carbon technology within the sector. Heightened awareness of adverse transportation-related emissions and a consumer shift towards zero-emission vehicles have resulted in a substantial increase in light-duty passenger vehicle adoption across the region. Additionally, the persistently rising demand for EVs is bolstered by significant investments from automotive industry leaders in the research, development, and production of electric vehicles. For example, General Motors, Volkswagen, Volvo, BMW, Nissan, and Audi jointly invested approximately US$ 150 billion in manufacturing electric vehicles and introduced new models across 2020–2021.

Furthermore, with declining EV prices and a broader range of models, electric vehicle production is set for rapid expansion in various countries, contingent on their overall economic growth and governmental policy support. Transportation stands as the primary pollution source across the region, with heavy-duty vehicles, such as trucks and buses, being major contributors. The inherent efficiency advantage of electric trucks over traditional diesel and natural gas vehicles is another factor poised to fuel this segment's growth in the coming years.

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North America Electric Trucks Strategic Insights

Strategic insights for the North America Electric Trucks market provide a data-driven analysis of the industry landscape, including prevailing trends, key participants, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from rivals by identifying untapped segments or developing distinct value propositions. By leveraging data analytics, these insights assist industry players in anticipating market shifts, whether they are investors, manufacturers, or other stakeholders. A future-oriented perspective is crucial, aiding stakeholders in foreseeing market changes and positioning themselves for enduring success in this vibrant region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Electric Trucks Market Segmentation

North America Electric Trucks Market By Propulsion

BEV

PHEV

FCV

North America Electric Trucks Market By Vehicle Type

LCV

Medium

HCV

North America Electric Trucks Market By Range

Less than 200 miles

More than 200 Miles

North America Electric Trucks Market By Level of Automation

Semi-Autonomous

Fully Autonomous

North America Electric Trucks Market Regions and Countries Covered    

North America

US

Canada

Mexico

North America Electric Trucks Market leaders and key company profiles

AB Volvo

BYD Company Ltd.

Daimler AG

FAW Group Co., Ltd

Navistar, Inc.

PACCAR Inc.

Proterra Inc.

Rivian

Scania

Tesla, Inc.

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