North America Electric Truck Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The North America Electric Truck Market is segmented by Vehicle Configuration (Trucks), by Fuel Category (BEV, FCEV, HEV, PHEV) and by Country (Canada, Mexico, US). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

North America Electric Truck Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

North America Electric Truck Market Size

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North America Electric Truck Market Summary
Study Period 2017 - 2029
Base Year For Estimation 2024
Forecast Data Period 2025 - 2029
Market Size (2025) USD 22.74 Billion
Market Size (2029) USD 64.65 Billion
CAGR (2025 - 2029) 29.86 %
Market Concentration High

Major Players

North America Electric Truck Market Major Players

*Disclaimer: Major Players sorted in no particular order

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North America Electric Truck Market Analysis

The North America Electric Truck Market size is estimated at 22.74 billion USD in 2025, and is expected to reach 64.65 billion USD by 2029, growing at a CAGR of 29.86% during the forecast period (2025-2029).

The North American electric truck industry is undergoing a transformative shift driven by increasing environmental consciousness and technological advancements. Major manufacturers are accelerating their transition towards sustainable transportation solutions, with significant investments in research and development. This transformation is particularly evident in the manufacturing sector, where companies like Ford have committed substantial resources, including a USD 3.7 billion investment in 2022 for establishing new electric vehicle assembly plants across Michigan, Ohio, and Missouri. The industry's evolution is further supported by advancements in battery technology, improved charging infrastructure, and growing acceptance of electric commercial vehicles in commercial applications. These developments are reshaping the competitive landscape and establishing new benchmarks for sustainable transportation.


Strategic partnerships and collaborations are emerging as crucial drivers of innovation and market expansion in the electric truck market. A notable example is the 2023 partnership between Toyota and RDS Logistics Group to deploy "100% Electric Vehicles" at the Toyota Ontario Parts Center, demonstrating the industry's commitment to sustainable operations. The Hamburg Port Authority's 2023 memorandum of understanding with IVECO and Nikola for Class 8 battery-powered trucks further illustrates the growing emphasis on zero-emission solutions in commercial transportation. These collaborations are not only accelerating technological advancement but also creating new opportunities for market expansion and operational efficiency improvements.


The industry is witnessing a significant shift in corporate fleet management strategies, with major logistics companies leading the charge in adopting electric fleet vehicles. FedEx's commitment to achieving 50% electric vehicles in all new vehicle purchases by 2025, increasing to 100% by 2030, exemplifies this trend. This transition is supported by improving vehicle performance metrics, enhanced range capabilities, and decreasing total cost of ownership for electric commercial trucks. The integration of advanced technologies, including autonomous features and smart fleet management systems, is further enhancing the appeal of electric trucks for commercial applications.


Regulatory frameworks and government initiatives across North America are creating a supportive environment for electric truck adoption. The California Advanced Clean Fleets (ACF) Regulation, adopted in 2023, mandates a progressive transition to zero-emission vehicles, requiring 50% of heavy-duty vehicle sales for public fleets to be zero-emission by 2024, escalating to 100% by 2027. Similar initiatives are emerging across other states and provinces, with Quebec and British Columbia implementing their own zero-emission vehicle mandates. These regulatory measures, combined with various incentive programs and infrastructure investments, are creating a robust foundation for sustained market growth and technological innovation in the electric truck market.

Segment Analysis: Vehicle Configuration

Heavy-duty Commercial Trucks Segment in North America Electric Truck Market

Heavy-duty commercial trucks dominate the North American electric truck market, commanding approximately 80% market share in 2024. This significant market presence is driven by increasing demand for sustainable long-haul transportation solutions and stringent emission regulations across the region. The segment's growth is further bolstered by major manufacturers' investments in developing advanced electric powertrains specifically designed for heavy-duty applications. The US Multistate NESCAUM MOU's ambitious roadmap, which aims for a 30% share of zero-emission vehicles in medium and heavy-duty vehicle sales by 2030, has provided additional momentum to this segment. Enhanced battery capabilities, improved charging infrastructure, and growing recognition of the long-term benefits of electric heavy-duty commercial trucks have also contributed to its market leadership.

Market Analysis of North America Electric Truck Market: Chart for Vehicle Configuration

Medium-duty Commercial Trucks Segment in North America Electric Truck Market

The medium-duty commercial truck segment is experiencing rapid growth in the North American electric truck market, driven by increasing adoption in urban logistics and last-mile delivery applications. This segment's growth is supported by advancements in battery technology that allow for longer ranges and quicker charging times, making these vehicles increasingly viable for both personal use and commercial applications. The California Advanced Clean Fleets (ACF) Regulation, adopted in 2023, has been a significant catalyst, mandating a progressive shift to zero-emission vehicles within the medium-duty vehicle segment. The regulation's requirement for a 50% ZEV share of sales for public fleets by 2024, escalating to a complete transition by 2027, has created a strong growth trajectory for this segment.

Segment Analysis: Fuel Category

BEV Segment in North America Electric Truck Market

Battery Electric Vehicles (BEV) have emerged as the dominant force in the North American electric truck market, commanding approximately 61% market share in 2024. This significant market position can be attributed to several factors, including substantial advancements in battery technology that have improved range and performance capabilities. The segment's growth is further bolstered by extensive government support through incentives and regulations promoting zero-emission vehicles, particularly in states like California with its Advanced Clean Trucks regulation. Major manufacturers have responded to this demand by expanding their BEV truck offerings, with companies like Ford, Daimler, and Volvo introducing new models with enhanced capabilities. The segment has also benefited from the expanding charging infrastructure across North America, making BEV trucks increasingly viable for various commercial applications.

FCEV Segment in North America Electric Truck Market

The Fuel Cell Electric Vehicle (FCEV) segment is positioned as the fastest-growing category in the North American electric truck market, with a projected growth rate of approximately 70% between 2024 and 2029. This remarkable growth trajectory is driven by increasing recognition of hydrogen fuel cell technology's advantages in long-haul transportation, particularly its quick refueling capabilities and extended range compared to traditional battery-electric solutions. The segment's expansion is supported by significant investments in hydrogen infrastructure development across major transportation corridors in North America. Several leading manufacturers are accelerating their FCEV truck development programs, with companies like Toyota and PACCAR collaborating to advance hydrogen fuel cell technology for commercial vehicles. The segment is particularly attractive for heavy-duty applications where long range and minimal downtime are crucial operational requirements.

Remaining Segments in Fuel Category

The Hybrid Electric Vehicle (HEV) and Plug-in Hybrid Electric Vehicle (PHEV) segments represent important transitional technologies in the North American electric truck market. HEVs continue to appeal to operators seeking improved fuel efficiency without the range anxiety associated with fully electric vehicles, making them particularly suitable for varied duty cycles and regional operations. PHEVs offer a balanced solution, combining the benefits of electric propulsion with the flexibility of conventional powertrains, making them attractive for fleets that require both zero-emission capability in urban areas and extended range for longer routes. Both segments serve as stepping stones in the broader transition toward full electrification, providing fleet operators with practical alternatives while charging infrastructure continues to develop.

North America Electric Truck Market Geography Segment Analysis

North America Electric Truck Market in the United States

The United States dominates the North America Electric Truck Market, commanding approximately 84% of the total market volume in 2024, while also exhibiting the strongest growth trajectory with an expected growth rate of around 24% from 2024 to 2029. The market's robust performance can be attributed to the country's comprehensive approach to electric truck adoption, supported by substantial federal and state-level incentives. The U.S. government's ambitious environmental goals, particularly through initiatives like the Advanced Clean Trucks regulation, have created a favorable environment for electric truck adoption. Major metropolitan areas are leading the transition, with cities implementing low-emission zones and developing dedicated charging infrastructure. The presence of leading manufacturers and their significant investments in research and development has further accelerated market growth. Additionally, the country's well-developed logistics sector and increasing corporate commitments to sustainability have driven demand, particularly in the commercial transportation segment.

North America Electric Truck Market in Canada

Canada's electric truck market demonstrates significant potential, driven by the country's strong commitment to environmental sustainability and clean transportation. The government's comprehensive approach includes both federal and provincial initiatives to accelerate the adoption of electric commercial truck vehicles in commercial transportation. Provinces like Quebec and British Columbia are at the forefront, implementing their own zero-emission vehicle mandates and providing additional incentives for fleet electrification. The country's robust electricity infrastructure and clean energy mix provide an advantageous foundation for electric transport truck operations. Canadian cities are increasingly integrating electric trucks into their municipal fleets, setting an example for private sector adoption. The market is further strengthened by growing collaboration between government agencies, utilities, and private sector stakeholders in developing charging infrastructure. Local manufacturing capabilities and research institutions are contributing to technological advancements in cold-weather performance, addressing specific challenges posed by Canada's climate.

North America Electric Truck Market in Mexico

Mexico's electric truck market is experiencing a transformative phase, characterized by increasing awareness of sustainable transportation solutions and growing environmental concerns in urban areas. The country's strategic position in North American trade and manufacturing has attracted significant investment in electric vehicle production capabilities. Major cities, particularly Mexico City, are driving adoption through progressive environmental policies and restrictions on conventional vehicles in urban centers. The country's automotive manufacturing expertise is gradually shifting toward electric vehicle production, creating a robust ecosystem for electric truck development. Local governments are implementing supportive policies and working with international partners to develop charging infrastructure. The market is particularly active in last-mile delivery and urban logistics segments, where electric trucks offer operational advantages. Mexico's commitment to reducing urban air pollution has led to increased interest from fleet operators in electric alternatives, particularly in densely populated areas.

North America Electric Truck Market in Other Countries

The broader North American region demonstrates varying levels of electric truck adoption, influenced by local regulations, economic conditions, and infrastructure development. Each country's approach to electrification reflects its unique economic priorities and environmental goals. The market development is closely tied to regional trade relationships and cross-border cooperation in establishing charging networks and standardizing regulations. Local initiatives and pilot programs are helping to demonstrate the viability of electric trucks in different operating conditions and use cases. The success of early adopters is encouraging other markets to accelerate their transition to electric vehicles, particularly in the commercial transportation sector. International partnerships and knowledge sharing are playing crucial roles in developing market expertise and technical capabilities across the region.

North America Electric Truck Industry Overview

Top Companies in North America Electric Truck Market

The North American electric truck market is witnessing significant product innovation across major players, with companies focusing on developing advanced battery technologies and extending vehicle range capabilities. Manufacturers are demonstrating operational agility by rapidly adapting production facilities to accommodate electric trucks on the market while maintaining traditional vehicle lines. Strategic partnerships, particularly in charging infrastructure development and battery technology, have become increasingly common among leading players. Companies are expanding their footprint through dealership network growth and establishing new manufacturing facilities across the region. The industry is seeing substantial investments in research and development, particularly in areas like autonomous driving capabilities and smart vehicle technologies. Market leaders are also emphasizing after-sales service networks and customer support infrastructure to enhance their market presence and brand value.

Market Dominated by Established Automotive Giants

The North American electric truck market exhibits a highly consolidated structure, with traditional automotive manufacturers leveraging their existing infrastructure and brand reputation to dominate the space. These established players benefit from their extensive dealer networks, robust supply chains, and deep understanding of commercial vehicle requirements. The market is characterized by a mix of global automotive conglomerates and specialized electric vehicle manufacturers, with the former holding significant market share due to their manufacturing capabilities and financial resources. Strategic partnerships between traditional automakers and technology companies are reshaping the competitive landscape, particularly in developing advanced electric powertrains and autonomous driving capabilities.


The market has witnessed several strategic mergers and acquisitions, primarily focused on acquiring innovative technology startups and consolidating manufacturing capabilities. Major automotive companies are actively pursuing vertical integration strategies, particularly in battery production and charging infrastructure development. New entrants, especially those focused solely on electric commercial truck production, are challenging the status quo through innovative business models and advanced technology offerings. The industry is seeing increased collaboration between manufacturers and energy companies to develop comprehensive charging solutions and enhance the overall electric truck ecosystem.

Innovation and Infrastructure Drive Future Success

For incumbent players to maintain and expand their market share, focus on technological innovation and cost optimization remains crucial. Companies need to invest in developing proprietary battery technology and efficient manufacturing processes while expanding their charging infrastructure network. Success in the market increasingly depends on the ability to offer comprehensive fleet solutions, including maintenance services, charging infrastructure, and fleet management software. Established truck brands must also focus on developing specialized vehicles for different commercial applications while maintaining competitive pricing strategies to counter new market entrants.


Contenders in the market can gain ground by focusing on specific market segments or applications where they can offer unique value propositions. New entrants should prioritize developing strategic partnerships with charging infrastructure providers and fleet operators while investing in innovative technologies that address specific customer pain points. The market's future success factors include the ability to navigate evolving regulations around emissions and safety standards, particularly as governments implement stricter environmental policies. Companies must also consider the growing influence of fleet operators and logistics companies in purchase decisions, as these end-users increasingly prioritize total cost of ownership and operational efficiency in their vehicle selection process.

North America Electric Truck Market Leaders

  1. BYD Auto Co. Ltd.

  2. Daimler Truck North America LLC (Freightliner Trucks)

  3. Ford Motor Company

  4. Mitsubishi Fuso Truck and Bus Corporation

  5. Volvo Group

  6. *Disclaimer: Major Players sorted in no particular order
North America Electric Truck Market Concentration
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North America Electric Truck Market News

  • September 2023: IAA 2022: BYD presents eBus Blade Platform On September 19, BYD presented its latest innovations in eMobility for commercial vehicles at IAA Transportation. BYD unveiled its ground-breaking new eBus Blade Platform. Two pure-electric trucks, the ETM6 7.5-ton urban delivery truck and the ETH8 19-ton truck designed for logistics and waste collection, debut at the event alongside BYD’s new upgraded 12m eBus (electric bus).
  • September 2023: The Hamburg Port Authority, IVECO, and Nikola signed a memorandum of understanding for Class 8 battery-electric trucks with zero emissions. According to the agreement, they intended to collaborate in two phases involving up to 25 Nikola Tre battery-electric vehicles (BEVs), which were delivered to the port in 2022.
  • September 2023: Orange EV announced a new series of high-load, higher-speed, fast-charge terminal trucks for intermodal operations. There is expected to be a rise in the amount of lifting and handling of freight required for port and rail intermodal operations.

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North America Electric Truck Market
North America Electric Truck Market
North America Electric Truck Market
North America Electric Truck Market

North America Electric Truck Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 Population
  • 4.2 GDP Per Capita
  • 4.3 Consumer Spending For Vehicle Purchase (cvp)
  • 4.4 Inflation
  • 4.5 Interest Rate For Auto Loans
  • 4.6 Impact Of Electrification
  • 4.7 EV Charging Station
  • 4.8 Battery Pack Price
  • 4.9 New Xev Models Announced
  • 4.10 Logistics Performance Index
  • 4.11 Fuel Price
  • 4.12 Oem-wise Production Statistics
  • 4.13 Regulatory Framework
  • 4.14 Value Chain & Distribution Channel Analysis

5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

  • 5.1 Vehicle Configuration
    • 5.1.1 Trucks
    • 5.1.1.1 Heavy-duty Commercial Trucks
    • 5.1.1.2 Medium-duty Commercial Trucks
  • 5.2 Fuel Category
    • 5.2.1 BEV
    • 5.2.2 FCEV
    • 5.2.3 HEV
    • 5.2.4 PHEV
  • 5.3 Country
    • 5.3.1 Canada
    • 5.3.2 Mexico
    • 5.3.3 US

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles
    • 6.4.1 BYD Auto Co. Ltd.
    • 6.4.2 Daimler Truck North America LLC (Freightliner Trucks)
    • 6.4.3 Ford Motor Company
    • 6.4.4 Mitsubishi Fuso Truck and Bus Corporation
    • 6.4.5 Nikola Corporation
    • 6.4.6 Orange EV
    • 6.4.7 PACCAR Inc.
    • 6.4.8 Sany Heavy Industry Co. Ltd.
    • 6.4.9 Volvo Group
  • *List Not Exhaustive

7. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

8. APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (DROs)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
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List of Tables & Figures

  1. Figure 1:  
  2. POPULATION TRENDS, VOLUME IN UNITS, NORTH AMERICA, 2017 - 2030
  1. Figure 2:  
  2. GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, NORTH AMERICA, 2017 - 2030
  1. Figure 3:  
  2. AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, NORTH AMERICA, 2017 - 2030
  1. Figure 4:  
  2. INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, NORTH AMERICA, 2017 - 2030
  1. Figure 5:  
  2. AUTO LOAN INTEREST RATES, PERCENTAGE, NORTH AMERICA, 2017 - 2022
  1. Figure 6:  
  2. ELECTRIC VEHICLE MARKET PENETRATION RATE, BY VEHICLE TYPE, PERCENTAGE OF VOLUME, NORTH AMERICA, 2017 - 2030
  1. Figure 7:  
  2. CHARGING STATION DEPLOYMENT, BY TYPE, VOLUME IN UNITS, NORTH AMERICA, 2017 - 2022
  1. Figure 8:  
  2. AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, NORTH AMERICA, 2017 - 2030
  1. Figure 9:  
  2. ANNOUNCEMENT OF NEW XEV MODELS, BY VEHICLE TYPE, VOLUME IN UNITS, NORTH AMERICA, 2023 - 2027
  1. Figure 10:  
  2. WORLD BANK LOGISTICS PERFORMANCE INDEX, NORTH AMERICA, 2017 - 2030
  1. Figure 11:  
  2. FUEL PRICE, BY FUEL TYPE, USD/LITER, NORTH AMERICA, 2017 - 2022
  1. Figure 12:  
  2. OEM-WISE PRODUCTION STATISTICS, VOLUME IN UNITS, NORTH AMERICA, 2017 - 2022
  1. Figure 13:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, VOLUME IN UNITS, 2017 - 2030
  1. Figure 14:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, VALUE IN USD, 2017 - 2030
  1. Figure 15:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, BY VEHICLE BODY TYPE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 16:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, BY VEHICLE BODY TYPE, BY VALUE IN USD, 2017 - 2030
  1. Figure 17:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 18:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 19:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, BY HEAVY-DUTY COMMERCIAL TRUCKS, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 20:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, BY HEAVY-DUTY COMMERCIAL TRUCKS, BY VALUE IN USD, 2017 - 2030
  1. Figure 21:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 22:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, BY MEDIUM-DUTY COMMERCIAL TRUCKS, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 23:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, BY MEDIUM-DUTY COMMERCIAL TRUCKS, BY VALUE IN USD, 2017 - 2030
  1. Figure 24:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 25:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, BY FUEL CATEGORY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 26:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, BY FUEL CATEGORY, BY VALUE IN USD, 2017 - 2030
  1. Figure 27:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 28:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 29:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, BY BEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 30:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, BY BEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 31:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 32:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, BY FCEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 33:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, BY FCEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 34:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 35:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, BY HEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 36:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, BY HEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 37:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 38:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, BY PHEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 39:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, BY PHEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 40:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 41:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 42:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
  1. Figure 43:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 44:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 45:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, BY CANADA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 46:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, BY CANADA, BY VALUE IN USD, 2017 - 2030
  1. Figure 47:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 48:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, BY MEXICO, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 49:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, BY MEXICO, BY VALUE IN USD, 2017 - 2030
  1. Figure 50:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 51:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, BY US, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 52:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, BY US, BY VALUE IN USD, 2017 - 2030
  1. Figure 53:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 54:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017 - 2030
  1. Figure 55:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET, MOST ADOPTED STRATEGIES, 2017 - 2030
  1. Figure 56:  
  2. NORTH AMERICA ELECTRIC TRUCK MARKET SHARE(%), BY MAJOR PLAYERS

North America Electric Truck Industry Segmentation

Trucks are covered as segments by Vehicle Configuration. BEV, FCEV, HEV, PHEV are covered as segments by Fuel Category. Canada, Mexico, US are covered as segments by Country.
Vehicle Configuration Trucks Heavy-duty Commercial Trucks
Medium-duty Commercial Trucks
Fuel Category BEV
FCEV
HEV
PHEV
Country Canada
Mexico
US
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Market Definition

  • Vehicle Type - The category covers truck category.
  • Vehicle Body Type - This includes Medium-duty Commercial Trucks and Heavy-duty Commercial Trucks
  • Fuel Category - The category includes various fuel types such as Gasoline, Diesel, LPG (Liquefied Petroleum Gas), CNG (Compressed Natural Gas), HEV (Hybrid Electric Vehicles), PHEV (Plug-in Hybrid Electric Vehicles), BEV (Battery Electric Vehicles), and FCEV (Fuel Cell Electric Vehicles)
Keyword Definition
Electric Vehicle (EV) A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles.
BEV A BEV relies completely on a battery and a motor for propulsion. The battery in the vehicle must be charged by plugging it into an outlet or public charging station. BEVs do not have an ICE and hence are pollution-free. They have a low cost of operation and reduced engine noise as compared to conventional fuel engines. However, they have a shorter range and higher prices than their equivalent gasoline models.
PEV A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all-electric vehicles as well as plug-in hybrids.
Plug-in Hybrid EV A vehicle that can be powered either by an ICE or an electric motor. In contrast to normal hybrid EVs, they can be charged externally.
Internal combustion engine An engine in which the burning of fuels occurs in a confined space called a combustion chamber. Usually run with gasoline/petrol or diesel.
Hybrid EV A vehicle powered by an ICE in combination with one or more electric motors that use energy stored in batteries. These are continually recharged with power from the ICE and regenerative braking.
Commercial Vehicles Commercial vehicles are motorized road vehicles designed for transporting people or goods. The category includes light commercial vehicles (LCVs) and medium and heavy-duty vehicles (M&HCV).
Passenger Vehicles Passenger cars are electric motor– or engine-driven vehicles with at least four wheels. These vehicles are used for the transport of passengers and comprise no more than eight seats in addition to the driver’s seat.
Light Commercial Vehicles Commercial vehicles that weigh less than 6,000 lb (Class 1) and in the range of 6,001–10,000 lb (Class 2) are covered under this category.
M&HDT Commercial vehicles that weigh in the range of 10,001–14,000 lb (Class 3), 14,001–16,000 lb (Class 4), 16,001–19,500 lb (Class 5), 19,501–26,000 lb (Class 6), 26,001–33,000 lb (Class 7) and above 33,001 lb (Class 8) are covered under this category.
Bus A mode of transportation that typically refers to a large vehicle designed to carry passengers over long distances. This includes transit bus, school bus, shuttle bus, and trolleybuses.
Diesel It includes vehicles that use diesel as their primary fuel. A diesel engine vehicle have a compression-ignited injection system rather than the spark-ignited system used by most gasoline vehicles. In such vehicles, fuel is injected into the combustion chamber and ignited by the high temperature achieved when gas is greatly compressed.
Gasoline It includes vehicles that use gas/petrol as their primary fuel. A gasoline car typically uses a spark-ignited internal combustion engine. In such vehicles, fuel is injected into either the intake manifold or the combustion chamber, where it is combined with air, and the air/fuel mixture is ignited by the spark from a spark plug.
LPG It includes vehicles that use LPG as their primary fuel. Both dedicated and bi-fuel LPG vehicles are considered under the scope of the study.
CNG It includes vehicles that use CNG as their primary fuel. These are vehicles that operate like gasoline-powered vehicles with spark-ignited internal combustion engines.
HEV All the electric vehicles that use batteries and an internal combustion engine (ICE) as their primary source for propulsion are considered under this category. HEVs generally use a diesel-electric powertrain and are also known as hybrid diesel-electric vehicles. An HEV converts the vehicle momentum (kinetic energy) into electricity that recharges the battery when the vehicle slows down or stops. The battery of HEV cannot be charged using plug-in devices.
PHEV PHEVs are powered by a battery as well as an ICE. The battery can be charged through either regenerative breaking using the ICE or by plugging into some external charging source. PHEVs have a better range than BEVs but are comparatively less eco-friendly.
Hatchback These are compact-sized cars with a hatch-type door provided at the rear end.
Sedan These are usually two- or four-door passenger cars, with a separate area provided at the rear end for luggage.
SUV Popularly known as SUVs, these cars come with four-wheel drive, and usually have high ground clearance. These cars can also be used as off-road vehicles.
MPV These are multi-purpose vehicles (also called minivans) designed to carry a larger number of passengers. They carry between five and seven people and have room for luggage too. They are usually taller than the average family saloon car, to provide greater headroom and ease of access, and they are usually front-wheel drive.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all its reports.

  • Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the sales volume with their respective average selling price (ASP). While estimating ASP factors like average inflation, market demand shift, manufacturing cost, technological advancement, and varying consumer preference, among others have been taken into account.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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North America Electric Truck Market Research FAQs

How big is the North America Electric Truck Market?

The North America Electric Truck Market size is expected to reach USD 22.74 billion in 2025 and grow at a CAGR of 29.86% to reach USD 64.65 billion by 2029.

What is the current North America Electric Truck Market size?

In 2025, the North America Electric Truck Market size is expected to reach USD 22.74 billion.

Who are the key players in North America Electric Truck Market?

BYD Auto Co. Ltd., Daimler Truck North America LLC (Freightliner Trucks), Ford Motor Company, Mitsubishi Fuso Truck and Bus Corporation and Volvo Group are the major companies operating in the North America Electric Truck Market.

Which segment has the biggest share in the North America Electric Truck Market?

In the North America Electric Truck Market, the BEV segment accounts for the largest share by fuel category.

Which country has the biggest share in the North America Electric Truck Market?

In 2025, US accounts for the largest share by country in the North America Electric Truck Market.

What years does this North America Electric Truck Market cover, and what was the market size in 2025?

In 2025, the North America Electric Truck Market size was estimated at 22.74 billion. The report covers the North America Electric Truck Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the North America Electric Truck Market size for years: 2025, 2026, 2027, 2028 and 2029.

North America Electric Truck Market Research

Mordor Intelligence offers a comprehensive analysis of the North America electric truck market, drawing on decades of automotive industry expertise. Our extensive research covers the full range of electric commercial vehicles, including electric pickup trucks, electric semi trucks, and battery powered trucks. The report provides detailed insights into electric delivery truck segments, electric fleet vehicle adoption trends, and emerging technologies in electric cargo truck development across the truck market USA, Canada, and Mexico. Available as an easy-to-read report PDF for download, our analysis encompasses both electric commercial truck applications and consumer markets.

Stakeholders across the industry benefit from our detailed examination of electric truck sales trends, technological advancements, and market dynamics. The report offers valuable insights for manufacturers, fleet operators, and investors interested in electric transport truck and electric freight truck segments. Our comprehensive coverage includes a detailed analysis of electric truck industry developments, regulatory frameworks, and infrastructure requirements. The research provides actionable intelligence on electric trucks on the market, helping businesses make informed decisions about fleet electrification strategies and market entry opportunities in the rapidly evolving North American automotive sector.