Market Size of north america electric truck Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2029 |
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Market Size (2024) | USD 16.66 Billion |
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Market Size (2029) | USD 64.65 Billion |
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Largest Share by Sub Body Type | Heavy-duty Commercial Trucks |
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CAGR (2024 - 2029) | 31.15 % |
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Largest Share by Country | US |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Electric Truck Market Analysis
The North America Electric Truck Market size is estimated at USD 16.66 billion in 2024, and is expected to reach USD 64.65 billion by 2029, growing at a CAGR of 31.15% during the forecast period (2024-2029).
- Largest Segment by Vehicle Type - Heavy-duty Commercial Trucks : E mobility is still developing, and limited electric options available in CV due to less models in big trucks make the electric pick-up trucks the largest seller in an electric CV in North America.
- Largest Segment by Fuel Type - BEV : The grants provided by the government are highest on BEV and stringent norms and more models available over another electric fuel type make BEV the largest fuel type in US electric truck market.
- Leading Country Market - US : The US trucking industry is one of the major contributors to the country's economy. Around 71% of the country's domestic freight weight is moved through trucks annually.
- Fastest-growing Country Market - Mexico : Growth in the e-commerce sector, developments in the logistics such as fleet growth, increasing construction activities are making the US the fastest-growing country in the truck market in the region.
