The Europe Medium & Heavy Duty Electric Trucks market is projected to grow at a CAGR of around 40% during the forecast period, i.e., 2023-28.                                      

Europe Medium & Heavy Duty Electric Trucks Market Dynamics:

Key Driver: Increasing Implementation of Stringent Norms for Emission Control

The sales of medium and heavy duty trucks vehicles have been growing steadily in Europe as more & more emission-related norms & regulations are being implemented by governments & the European Union in order to reduce the impact of global warming & greenhouse effect. In 2022, the European Union presented the new Euro 7 standards for ensuring cleaner vehicles on roads and improved air quality. These norms extremely focus on lowering harmful gasses like carbon monoxide, hydrocarbons, nitrogen oxides, etc.

In addition, various countries like Portugal, Finland, & Denmark, among others, have set their targets to phase-out conventional fuel-based trucks by 2040, which would result in a strong demand for electric trucks in the coming years. Hence, OEMs like Volvo, Renault, MAN, & Scania are increasing their production capacities in order to cater to the evolving consumer demands, thereby driving the Europe Medium & Heavy Duty Electric Trucks Market.

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Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Europe Medium & Heavy Duty Electric Trucks Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2022

-Historical Period: 2018 to 2021

-Forecast Period: 2023-28

• By Battery Capacity
• 50-250 KWH
• Above 250 KWH
• By Battery Type
• Lithium-Nickle-Manganese-Cobalt Oxide
• Lithium-Iron-Phosphate
• Others (Lead-Acid Batteries, Ultracapacitors, etc.)
• By Propulsion Type
• Battery Electric Truck (BET)
• Plug-in Hybrid Electric Truck (PHET)
• Fuel Cell Electric Truck (FCET)
• By Level of Automation
• Level 1
• Level 2
• Level 3
• Level 4 & 5
• By Range
• Up to 200 miles
• Above 200 miles
• By Application
• Long Haul Transportation
• Field Services
• Distribution Services
• Others (Last Mile Delivery, Refuse Services, etc.)
• By Country
• Germany
• The UK
• France
• Italy
• Spain
• Rest of the Europe

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   Volvo Group, Renault Trucks, Scania AB, Daimler, MAN trucks, Tevva Motors Limited, Tesla Motors Inc. trucks, IVECO SpA, E-Force One AG, DAF Trucks NV, Others

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