Electric truck is an electric mobility that is powered by an electric motor, or a truck that receives power or energy primarily from the power grid. Electric trucks are primarily low or zero-emission trucks, which contributes significantly toward a greener environment, as it is a solution to curb vehicular emission. Battery electric truck and hybrid electric truck are two major types of electric trucks. Applications of electric trucks are growing, owing to an increase in the battery storage ... Read more
According to the recent study the electric truck market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 43% to 45% from 2023 to 2028. Growth in this market is primarily driven by increasing government initiatives for adoption of emission-free vehicles combined with reduced cost of electric vehicle batteries.
Market Overview:
Electric trucks are commercial vehicles equipped with an electric powertrain consisting of battery packs and electric motors. They provide more efficiencies than traditionally fueled trucks by emitting zero tailpipe emissions and less noise. Increasing concerns over environmental pollution and stringent emission norms are pushing commercial fleet owners and logistics companies to adopt electric trucks for last-mile deliveries and short-haul ... Read more
Electric trucks come with zero direct emissions and can help reduce harmful exhaust emissions from diesel trucks. Electric trucks use electricity to power their motors rather than diesel or gasoline combustion engines. This helps reduce carbon emissions, making them an environment friendly alternative. Electric trucks provide equivalent haulage and towing capacities as conventional diesel trucks. They offer minimal maintenance, more uptime and lower running costs compared to diesel ... Read more
