
Study Period | 2019 - 2030 |
Base Year For Estimation | 2024 |
Forecast Data Period | 2025 - 2030 |
Market Size (2025) | USD 1.76 Billion |
Market Size (2030) | USD 16.86 Billion |
CAGR (2025 - 2030) | 57.13 % |
Market Concentration | High |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Electric Trucks Europe Market Analysis
The Europe Electric Truck Market size is estimated at USD 1.76 billion in 2025, and is expected to reach USD 16.86 billion by 2030, at a CAGR of 57.13% during the forecast period (2025-2030).
The European electric truck industry is experiencing a transformative phase characterized by rapid technological advancement and increasing market adoption. In 2023, the industry witnessed significant growth with over 4,700 electric trucks registered in the EU, marking a substantial increase from less than 2,000 units in 2022. This growth trajectory is further supported by major industry collaborations, exemplified by the February 2024 partnership between Hyundai Motor Company and Iveco Group to develop electric heavy-duty truck solutions for European markets, encompassing both battery electric and fuel cell electric technologies.
The market landscape is being reshaped by strategic investments in charging infrastructure and innovative solutions to support the growing electric truck fleet. In March 2024, bp pulse's acquisition of Ashford International Truckstop in Kent, one of Europe's largest truck stops, represents a significant step toward establishing a comprehensive Europe-wide network of electric truck charging infrastructure. This development is particularly crucial given the strategic location near Dover, the UK's busiest ferry port, where approximately 3.5 million Heavy Goods Vehicles traverse annually through the port and Eurotunnel.
The industry is witnessing a surge in technological innovations aimed at optimizing electric truck operations and infrastructure planning. In September 2023, Amazon introduced CHALET, an innovative open-source tool designed to assist private industry, government entities, and local authorities in determining optimal locations for installing electric charging points for heavy goods vehicles. This development coincides with the establishment of Europe's first charging corridor for electric heavy-duty vehicles along a 600-km road stretch in Western Germany, marking a significant milestone in supporting logistical operations.
The market is experiencing notable momentum in fleet electrification, with major logistics companies making substantial commitments to electric vehicles. A prime example is the March 2024 agreement between Volvo Trucks and DFDS, where the logistics giant ordered 100 electric trucks, effectively doubling its electric fleet to 225 units and positioning itself as Europe's leading operator of heavy electric trucks. This trend is further supported by the development of advanced charging solutions, as evidenced by Kempower's April 2024 launch of its 1.2 MW electric truck charging station, capable of delivering substantial charge to large battery packs within approximately 30 minutes.
Electric Trucks Europe Market Trends
Trend Towards Heavy-Duty Electric Trucks in the Region to Drive Demand
The electrification of medium and heavy-duty transport has become crucial in reducing greenhouse gas emissions in Europe, as trucks account for less than 2% of vehicles on the road but contribute to 22% of CO2 emissions from road transport. In January 2024, negotiators from the Council and the European Parliament reached a provisional political agreement concerning CO2 emission standards for heavy-duty vehicles (HDVs), establishing new targets for 2030, 2035, and 2040. These regulations aim to promote an increasing proportion of zero-emission vehicles in the EU-wide heavy-duty vehicle fleet while ensuring innovation and competitiveness within the sector.
Major manufacturers are demonstrating strong commitment through significant orders and developments. In March 2024, Volvo Trucks secured an order for 100 electric trucks from logistics giant DFDS, nearly doubling its fleet of Volvo electric trucks to 225 units and positioning itself as Europe's leading operator of heavy electric trucks. Similarly, in March 2024, Hyundai Motor Company and Iveco Group strengthened their collaboration to develop electric heavy-duty truck solutions, encompassing both battery electric trucks and fuel cell electric trucks for European markets. The industry's transformation is further evidenced by manufacturers' dual-pronged strategies, with companies like Volvo and Daimler pursuing both battery-electric and fuel cell technologies, while others like Italy's Iveco focus primarily on specific technologies to maintain competitive advantages.
Supportive Government Policies to Enhance Overall Electric Trucks Demand
European governments have implemented comprehensive support mechanisms to accelerate electric truck adoption. For instance, in France, companies can receive subsidies covering up to 40% of conversion expenses from diesel to electric trucks, with a maximum cap of EUR 50,000 per vehicle. Additionally, a zero-interest loan program has been introduced for purchasing small electric commercial vehicles priced under EUR 60,000. The Netherlands has also introduced significant incentives, with smaller businesses eligible for reimbursement of up to 60% of the additional costs compared to a diesel vehicle, while larger organizations can request a 40% subsidy.
The regulatory framework has been further strengthened by innovative policies across the region. EU member states have implemented a new road toll system offering at least 50% discounts on distance-based road tolls for zero-emission trucks, with annual toll costs reaching up to EUR 25,000 per truck. From 2026, countries must apply truck air pollution charges, and from 2024, time-based road charges will be restricted and must vary according to CO2 emissions. These initiatives are complemented by infrastructure development, as evidenced by recent developments such as bp pulse's acquisition of Ashford International Truckstop in Kent in March 2024, aimed at establishing a Europe-wide network of electric truck charging infrastructure. This comprehensive approach combining financial incentives, regulatory measures, and infrastructure development creates a favorable environment for electric truck adoption across Europe.
Segment Analysis: By Propulsion Type
Plug-in Hybrid Segment in Europe Electric Truck Market
The plug-in hybrid segment dominates the European electric truck market, commanding approximately 80% of the market share in 2024. This significant market position is attributed to the segment's ability to offer a practical transition solution for fleet operators, combining the benefits of electric propulsion with the flexibility of conventional powertrains. The segment's strong performance is driven by increasing demand from logistics companies and municipal operations seeking to reduce emissions while maintaining operational flexibility. Major truck manufacturers in Europe, including Volvo, Daimler, and Scania, have expanded their plug-in hybrid truck offerings, providing various models suited for different applications from urban delivery to long-haul transportation. These vehicles are particularly well-suited for urban delivery operations where emissions regulations are most stringent, while still offering the range and flexibility needed for longer routes.

Fuel Cell Electric Segment in Europe Electric Truck Market
The fuel cell electric segment is emerging as the fastest-growing segment in the European electric truck market, with a projected growth rate of approximately 45% during the forecast period 2024-2029. This remarkable growth trajectory is driven by increasing investments in hydrogen infrastructure and growing recognition of fuel cell technology's advantages for heavy-duty applications. The segment's expansion is supported by various European government initiatives and funding programs aimed at developing hydrogen refueling infrastructure. Major manufacturers are increasingly focusing on fuel cell technology, with companies like Hyundai Motor Company and Iveco Group strengthening their collaborations to develop fuel cell electric truck solutions tailored for European markets. The technology's appeal lies in its ability to offer longer range capabilities and faster refueling times compared to battery electric alternatives, making it particularly attractive for long-haul transportation applications.
Remaining Segments in Propulsion Type
The battery electric segment represents a crucial component of the European electric truck market, offering zero-emission solutions particularly suited for urban and regional distribution. This segment has gained significant traction due to advancing battery technology, improving range capabilities, and expanding charging infrastructure across Europe. Battery electric trucks are increasingly being adopted by logistics companies and municipal fleets, particularly in urban areas where noise and emission regulations are stringent. The segment benefits from substantial government incentives and subsidies across various European countries, making it an attractive option for fleet operators looking to transition to sustainable transportation solutions.
Segment Analysis: By Truck Type
Light-duty Truck Segment in Europe Electric Truck Market
The light-duty truck segment dominates the European electric truck market, commanding approximately 85% market share in 2024. This significant market position is primarily driven by the segment's versatility and suitability for urban delivery operations, where shorter routes and frequent stops are common. The segment's growth is further supported by the increasing adoption of electric light-duty trucks by e-commerce companies and last-mile delivery services across major European cities. Major manufacturers like Volvo, Daimler, and Renault are actively expanding their light-duty electric truck portfolios to meet the growing demand. The segment's success is also attributed to the well-developed charging infrastructure in urban areas, making it more practical for daily operations, along with favorable government incentives and regulations promoting zero-emission vehicles in city centers.
Heavy-duty Truck Segment in Europe Electric Truck Market
The heavy-duty truck segment is emerging as the fastest-growing segment in the European electric truck market, with a projected growth rate of approximately 54% during the forecast period 2024-2029. This remarkable growth is driven by increasing environmental regulations and the growing focus on decarbonizing long-haul transportation. Major European manufacturers are investing heavily in developing advanced heavy-duty electric trucks with improved range and charging capabilities. The segment is witnessing significant technological advancements in battery technology and charging infrastructure specifically designed for heavy-duty applications. Strategic partnerships between truck manufacturers, logistics companies, and charging infrastructure providers are further accelerating the adoption of heavy-duty electric trucks. The segment's growth is also supported by various government initiatives and subsidies aimed at promoting zero-emission heavy-duty vehicles across European countries.
Remaining Segments in Truck Type
The medium-duty truck segment represents a crucial bridge between light-duty and heavy-duty applications in the European electric truck market. This segment primarily serves regional distribution and municipal services, offering a balance between payload capacity and range requirements. Medium-duty electric trucks are particularly popular in waste management, construction, and regional logistics operations. The segment benefits from the increasing focus on urban air quality improvements and noise reduction requirements in European cities. Manufacturers are developing specialized medium-duty electric trucks with features tailored to specific applications like refrigerated transport and municipal services, contributing to the overall market growth and diversification of electric truck applications.
Segment Analysis: By Application
Logistics Segment in Europe Electric Truck Market
The logistics segment dominates the European electric truck market, commanding approximately 67% market share in 2024, while also emerging as the fastest-growing segment with a projected growth rate of around 39% during 2024-2029. This segment's prominence is driven by the rapid expansion of e-commerce and urban delivery services, where electric trucks offer significant benefits including lower fuel costs, reduced maintenance expenses, and improved air quality in urban areas. Major logistics companies across Europe are increasingly investing in electric semi trucks to meet evolving demands of urban delivery services and comply with stringent emission regulations. The segment's growth is further supported by government incentives and subsidies promoting the adoption of electric vehicles in the logistics sector. For instance, in March 2024, Volvo Trucks secured an order for 100 electric trucks from DFDS, making it the largest operator of heavy electric trucks in Europe with a total fleet of 225 units. Additionally, innovative tools like Amazon's CHALET, launched in September 2023, are helping stakeholders optimize the placement of charging infrastructure, further accelerating the adoption of electric trucks in logistics operations.
Remaining Segments in Application Market
The municipal and other applications segments also play crucial roles in shaping the European electric truck market landscape. The municipal segment primarily focuses on essential city services such as waste collection and disposal, with many European municipalities transitioning their fleets to electric utility trucks to reduce urban emissions and noise pollution. Cities across Europe are increasingly deploying electric dump trucks and other municipal service vehicles, demonstrating strong commitment to sustainable urban operations. The other applications segment encompasses various specialized uses including construction vehicles, specialized industrial applications, and other commercial operations. This segment is witnessing growing adoption as manufacturers develop purpose-built electric box trucks for specific applications, supported by technological advancements in battery technology and charging infrastructure. The diversification of applications continues to expand as more industries recognize the benefits of electric freight trucks in reducing operational costs and meeting sustainability goals.
Europe Electric Truck Market Geography Segment Analysis
Europe Electric Truck Market in France
France has established itself as the dominant force in the European electric truck market, commanding approximately 20% of the total market value in 2024. The country's leadership position is primarily driven by its comprehensive approach to electric commercial vehicle adoption, combining robust national incentives with strategic infrastructure development. The French government's commitment to sustainable transportation is evident through its subsidy program that covers up to 40% of a company's conversion expenditures from diesel to electric trucks, with a maximum cap of EUR 50,000 per vehicle. This initiative has attracted both domestic and international manufacturers to expand their electric truck offerings in the French market. The country's strategic location and well-developed logistics network have further enhanced its appeal as a prime market for electric truck deployment. Additionally, France's focus on developing charging infrastructure along major transportation corridors has created a conducive environment for fleet operators to transition to electric vehicles. The presence of major manufacturers like Renault Trucks and their continuous innovation in electric vehicle technology has also contributed significantly to the market's growth.
Europe Electric Truck Market in Italy
Italy has emerged as the fastest-growing market for electric trucks in Europe, with a projected CAGR of approximately 40% from 2024 to 2029. The country's remarkable growth trajectory is supported by its ambitious environmental targets and comprehensive policy framework aimed at promoting sustainable transportation solutions. The Italian government's commitment to reducing emissions in the transportation sector has led to the implementation of various incentives and support measures for electric vehicle adoption. The country has been actively developing its charging infrastructure network, with a particular focus on strategic locations along major transportation routes. The growing emphasis on urban logistics and last-mile delivery solutions has created significant opportunities for electric delivery truck deployment in Italian cities. Local authorities have been instrumental in promoting the transition to electric vehicles through various initiatives and pilot programs. The presence of established automotive manufacturers and emerging electric vehicle startups has fostered innovation and competition in the market, leading to a wider range of electric truck options for consumers.
Europe Electric Truck Market in United Kingdom
The United Kingdom has positioned itself as a key player in the European electric truck market through its comprehensive approach to sustainable transportation. The British government's commitment to decarbonizing the transport sector is reflected in its extended electric van and truck subsidy scheme, which will continue until 2025. The country has developed a robust ecosystem supporting electric truck adoption, including manufacturing facilities, research and development centers, and charging infrastructure networks. British fleet operators have shown increasing interest in electric trucks, particularly for urban logistics and last-mile delivery applications. The country's focus on developing innovative charging solutions and supporting infrastructure has created a favorable environment for electric truck operations. Local authorities across the UK have implemented various initiatives to promote zero-emission vehicles, including preferential access to urban areas and reduced operating costs for electric trucks. The presence of both established manufacturers and innovative startups has contributed to a diverse and competitive market landscape.
Europe Electric Truck Market in Germany
Germany's electric truck market has demonstrated strong growth potential, supported by its robust automotive industry and comprehensive approach to sustainable transportation. The country's strategic focus on developing charging infrastructure and supporting technologies has created a favorable environment for electric truck adoption. German manufacturers have been at the forefront of electric truck innovation, with companies like Daimler and MAN introducing advanced electric models to the market. The country's well-developed logistics sector has provided numerous opportunities for electric truck deployment, particularly in urban areas and along major transportation corridors. Local initiatives and pilot projects have helped demonstrate the viability of electric trucks in various applications, from urban delivery to long-haul transportation. The presence of a strong automotive supply chain and research institutions has fostered continuous innovation in electric vehicle technology. German cities have been proactive in promoting electric truck adoption through various incentives and regulatory measures.
Europe Electric Truck Market in Other Countries
The electric truck market across other European countries demonstrates varying levels of development and adoption rates, influenced by local policies, infrastructure readiness, and market conditions. Countries like Spain, Poland, and the Netherlands have shown significant progress in developing their electric truck markets through targeted initiatives and support measures. The Nordic countries, particularly Norway and Sweden, have emerged as early adopters of electric trucks, driven by their strong environmental policies and well-developed charging infrastructure. Eastern European countries are gradually increasing their focus on electric truck adoption, supported by EU initiatives and funding programs. Switzerland and Austria have made notable progress in promoting electric trucks, particularly in mountainous regions where the regenerative braking capabilities of electric vehicles offer additional benefits. These markets are characterized by different approaches to incentivizing electric truck adoption, ranging from purchase subsidies to operational benefits such as reduced road tolls and preferential access to urban areas. The diversity of approaches across these countries contributes to the overall growth and development of the European electric truck market.
Electric Trucks Europe Industry Overview
Top Companies in Europe Electric Truck Market
The European electric truck market is characterized by intense innovation and strategic developments from both established automotive manufacturers and new entrants. Companies are heavily investing in research and development to enhance battery technology, improve vehicle range, and develop advanced powertrain solutions. Operational agility is demonstrated through flexible manufacturing approaches and adaptable supply chain networks, allowing manufacturers to respond quickly to market demands. Strategic partnerships, particularly in charging infrastructure development and battery technology, have become increasingly common among market players. Companies are also expanding their presence through dealership networks, service centers, and strategic collaborations with logistics providers. The focus on sustainable transportation solutions and zero-emission vehicles has driven manufacturers to accelerate their electric truck development programs and market deployment strategies.
Market Dominated by Traditional Automotive Giants
The European electric truck market exhibits a consolidated structure dominated by established automotive manufacturers who have leveraged their existing production capabilities, distribution networks, and brand reputation to gain market share. These traditional players, including major European truck manufacturers, have successfully transitioned their expertise from conventional vehicles to electric alternatives while maintaining their market leadership. The presence of new entrants, particularly technology-focused companies and specialized electric vehicle manufacturers, has created a dynamic competitive environment, though they currently hold smaller market shares compared to established players.
The market has witnessed significant merger and acquisition activities, primarily focused on technology acquisition and market expansion. Traditional manufacturers are acquiring or forming strategic partnerships with technology companies to accelerate their electric vehicle development capabilities. Local players, particularly in key European markets, maintain strong positions through their understanding of regional requirements and established customer relationships. The market also sees collaboration between global and local players, combining international expertise with local market knowledge to enhance competitive positioning.
Innovation and Adaptation Drive Market Success
Success in the European electric commercial vehicle market increasingly depends on manufacturers' ability to balance technological innovation with practical market requirements. Companies must focus on developing cost-effective solutions while maintaining vehicle performance and reliability to gain market share. The establishment of comprehensive service networks, charging infrastructure, and after-sales support has become crucial for market success. Manufacturers need to demonstrate clear value propositions that address total cost of ownership, operational efficiency, and environmental benefits to attract fleet operators and logistics companies.
Future market leadership will require companies to navigate complex regulatory environments while maintaining technological advancement and cost competitiveness. The concentration of end-users in specific sectors, such as logistics and municipal services, necessitates targeted product development and marketing strategies. The risk of substitution from alternative technologies, particularly hydrogen fuel cells, requires manufacturers to maintain flexibility in their technology roadmaps. Companies must also consider potential regulatory changes regarding emissions standards, charging infrastructure requirements, and urban access restrictions, adapting their strategies accordingly to maintain competitive advantages. The development of an electric fleet is crucial for companies aiming to meet these evolving demands and regulatory standards.
Electric Trucks Europe Market Leaders
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Volvo Group
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Renault Trucks
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Scania AB
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Daimler
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MAN trucks
- *Disclaimer: Major Players sorted in no particular order

Electric Trucks Europe Market News
In June 2022, Swedish commercial vehicle maker Scania debuted its regional long-haul electric truck that would be available in Europe as both a rigid truck and a tractor-trailer. The truck would achieve full charge in less than 90 minutes, half the length of a driver's mandated 45-minute rest period for every 4.5 hours of driving in Europe at 375 kW. Both the Scania 45 R and S series feature a 410 kW powertrain.
In June 2022, Plastic Omnium announced that it had agreed with ACTIA Group to acquire 100% of ACTIA Power Division for an enterprise value of EUR 52.5 million, with a closing scheduled in the third quarter of 2022. ACTIA Power, based in the United Kingdom, specializes in designing and manufacturing onboard batteries, power electronics, and electrification systems for electric vehicles in heavy mobility: trucks, buses, coaches, trains, and construction equipment.
In June 2022, Mercedes Benz Trucks, a Daimler trucks subsidiary, announced its new eActros long-haul electric truck for long-distance transport at the IAA Transportation 2022 in Hanover. However, before its launch, the company revealed that the truck could achieve a 20% to 80% charge in 30 minutes.
In May 2022, Mercedes-Benz Trucks announced that it is systematically pressing ahead with introducing additional battery-electric models for this and the future. For the important long-haul segment, the eActros LongHaul, with a range of around 500 kilometers on one battery charge, is scheduled to be ready for series production in 2024. Mercedes-Benz Trucks aims to increase the share of locally CO2-neutral new vehicles in Europe to more than 5 % by 2030.
In April 2022, Volta Trucks unveiled the small 7.5 and 12 -ton iterations of the Volta Zero 16-ton. Both the new trucks would be visually similar to the 16-ton from the front, with the 12-ton having a long chassis design and an extra wheel to cater to the payload.
Electric Trucks Europe Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size in Value USD Million)
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5.1 By Propulsion Type
- 5.1.1 Plug-In Hybrid
- 5.1.2 Fuel Cell Electric
- 5.1.3 Battery-Electric
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5.2 By Truck Type
- 5.2.1 Light Truck
- 5.2.2 Medium-Duty Truck
- 5.2.3 Heavy-Duty Truck
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5.3 By Application
- 5.3.1 Logistics
- 5.3.2 Municipal
- 5.3.3 Other Applications
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5.4 By Country
- 5.4.1 Germany
- 5.4.2 United Kingdom
- 5.4.3 France
- 5.4.4 Italy
- 5.4.5 Netherland
- 5.4.6 Spain
- 5.4.7 Rest of Europe
- 5.4.8
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
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6.2 Company Profiles*
- 6.2.1 AB Volvo
- 6.2.2 Volta Trucks
- 6.2.3 Daimler Trucks (Mercedes Benz Group AG )
- 6.2.4 DAF Trucks NV (PACCAR Inc.)
- 6.2.5 E-Trucks Europe BE
- 6.2.6 Renault Trucks
- 6.2.7 Tesla Motors Inc.
- 6.2.8 Einride AB
- 6.2.9 Tevva Motors Limited
- 6.2.10 BYD Co. Ltd
- 6.2.11 Scania AG
- 6.2.12 MAN SE (Volkaswagen AG)
- 6.2.13 IVECO SpA
- 6.2.14 E-Force One AG
- 6.2.15
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Electric Trucks Europe Industry Segmentation
Electric trucks can be defined as commercial vehicles powered by a pack of batteries, and they are used for the transportation of cargo. In electric trucks, motors inside have fewer parts moving compared to a diesel truck and don't need multi-speed transmissions, reducing the vehicle's maintenance cost and improving reliability with almost zero noise pollution.
The European electric truck market covers the latest trends and technological development in the electric bus market in European countries. The report's scope covers segmentation based on propulsion type, truck, application, and country. By Propulsion type, the market is segmented into a plug-in hybrid, fuel cell electric, and battery electric. By truck type, the market is segmented into light truck, medium-duty truck, and heavy-duty truck. By application, the market is segmented into logistics, municipal, and other applications. By country, the market is segmented into Germany, the United Kingdom, France, Italy, the Netherland, Spain, and the Rest of Europe. For each segment, market sizing and forecasting are based on value (USD million).
By Propulsion Type | Plug-In Hybrid |
Fuel Cell Electric | |
Battery-Electric | |
By Truck Type | Light Truck |
Medium-Duty Truck | |
Heavy-Duty Truck | |
By Application | Logistics |
Municipal | |
Other Applications | |
By Country | Germany |
United Kingdom | |
France | |
Italy | |
Netherland | |
Spain | |
Rest of Europe | |
Electric Trucks Europe Market Research FAQs
How big is the Europe Electric Truck Market?
The Europe Electric Truck Market size is expected to reach USD 1.76 billion in 2025 and grow at a CAGR of 57.13% to reach USD 16.86 billion by 2030.
What is the current Europe Electric Truck Market size?
In 2025, the Europe Electric Truck Market size is expected to reach USD 1.76 billion.
Who are the key players in Europe Electric Truck Market?
Volvo Group, Renault Trucks, Scania AB, Daimler and MAN trucks are the major companies operating in the Europe Electric Truck Market.
What years does this Europe Electric Truck Market cover, and what was the market size in 2024?
In 2024, the Europe Electric Truck Market size was estimated at USD 0.75 billion. The report covers the Europe Electric Truck Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe Electric Truck Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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