United States Electric Pick-up Trucks Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The United States Electric Pick-up Trucks Market is segmented by Fuel Type ( BEV, FCEV, HEV, PHEV )

US Electric Pick-up Trucks Market Size

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Icons Lable Value
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2016 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 14.09 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 56.90 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Fuel Type BEV
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 32.20 %
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Fuel Type FCEV

Major Players

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*Disclaimer: Major Players sorted in no particular order

Key Players

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US Electric Pick-up Trucks Market Analysis

The United States Electric Pick-up Trucks Market size is estimated at USD 14.09 billion in 2024, and is expected to reach USD 56.90 billion by 2029, growing at a CAGR of 32.20% during the forecast period (2024-2029).

  • Largest Segment by Fuel Type - BEV : The battery electric pickup truck holds the highest share in the US and is likely to increase, as the logistics and e-commerce industries are growing rapidly. Retail e-commerce sales in the United States were estimated at USD 768 billion in 2021, with YoY growth of 19.25%.
  • Fastest-growing Segment by Fuel Type - FCEV : The rising popularity of BEV, new EV model launches, and developing charging infrastructure are the key factors propelling the growth of the market.

US Electric Pick-up Trucks Market Trends

This section covers the major market trends shaping the US Electric Pick-up Trucks Market according to our research experts:

BEV is the largest segment by Fuel Type.

  • In the United States, EPA and NHTSA proposed the implementation of the Safer Affordable Fuel-Efficient (SAFE) vehicles rule to be implemented from 2021 to 2026. The rule may set the standards for corporate average fuel economy and greenhouse gas emissions for passenger and light trucks. The Zero Emission Vehicles (ZEV) program requires OEMs to sell specific numbers of clean and zero-emission vehicles (electric, hybrid, and fuel cell-powered commercial and passenger vehicles). The ZEV plan aims at putting 12 million ZEVs on the road by 2030.
  • All major delivery firms are beginning to replace their gas-powered fleets with electric or low-emission vehicles combating climate change and urban pollution. Big e-commerce companies have already announced to turn their entire fleets to electric. For instance, in March 2021, FedEx announced its global target for 50% of all newly procured vehicles to be electric by 2025, rising to 100% of all new purchases by 2030. FedEx aims to achieve carbon-neutral operations globally by 2040, with the electrification of its pick-up and delivery vehicles being a major area of investment.
  • The demand for LCVs is likely to increase as the logistics and e-commerce industries are growing rapidly. Retail e-commerce sales in the United States were estimated at USD 768 billion in 2021, with Y-o-Y growth of 19.25%, compared to around USD 645 billion in 2020. The market for electric LCVs is expected to register a CAGR of 4.8% during the forecast period (2022-2028).
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US Electric Pick-up Trucks Industry Overview

The United States Electric Pick-up Trucks Market is fragmented, with the top five companies occupying 0.00%. The major players in this market are BOLLINGER MOTORS INC, Ford Motor Company, General Motors Company, Lordstown Motors and Rivian Automotive, LLC (sorted alphabetically).

US Electric Pick-up Trucks Market Leaders

  1. BOLLINGER MOTORS INC

  2. Ford Motor Company

  3. General Motors Company

  4. Lordstown Motors

  5. Rivian Automotive, LLC

*Disclaimer: Major Players sorted in no particular order

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US Electric Pick-up Trucks Market Report - Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1 Study Assumptions & Market Definition

    2. 3.2 Scope of the Study

    3. 3.3 Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1 Population

    2. 4.2 GDP

    3. 4.3 CVP

    4. 4.4 Inflation Rate

    5. 4.5 Interest Rate For Auto Loans

    6. 4.6 Battery Price (per Kwh)

    7. 4.7 Electrification Impact

    8. 4.8 New XEV Models Announced

    9. 4.9 Charging Stations Deployment

    10. 4.10 Regulatory Framework

    11. 4.11 Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Fuel Type

      1. 5.1.1 BEV

      2. 5.1.2 FCEV

      3. 5.1.3 HEV

      4. 5.1.4 PHEV

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Key Strategic Moves

    2. 6.2 Market Share Analysis

    3. 6.3 Company Landscape

    4. 6.4 Company Profiles

      1. 6.4.1 BOLLINGER MOTORS INC

      2. 6.4.2 Canoo Technologies Inc.

      3. 6.4.3 Ford Motor Company

      4. 6.4.4 General Motors Company

      5. 6.4.5 Lordstown Motors

      6. 6.4.6 Rivian Automotive, LLC

      7. 6.4.7 Tesla Inc.

      8. 6.4.8 Workhorse

  7. 7. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

  8. 8. APPENDIX

    1. 8.1 Global Overview

      1. 8.1.1 Overview

      2. 8.1.2 Porter's Five Forces Framework

      3. 8.1.3 Global Value Chain Analysis

      4. 8.1.4 Market Dynamics (DROs)

    2. 8.2 Sources & References

    3. 8.3 List of Tables & Figures

    4. 8.4 Primary Insights

    5. 8.5 Data Pack

    6. 8.6 Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 2:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 3:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 4:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 5:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 6:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 7:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET, ELECTRIFICATION IMPACT, VOLUME, YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 8:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET, NEW XEV MODELS ANNOUNCED, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
  1. Figure 9:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET, CHARGING STATIONS DEPLOYMENT, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
  1. Figure 10:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET, VOLUME IN UNITS, 2016 – 2026
  1. Figure 11:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET, VALUE IN USD, 2016 – 2026
  1. Figure 12:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 13:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 14:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 15:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 16:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET, BY BEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 17:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET, BY BEV, BY VALUE IN USD, 2016-2028
  1. Figure 18:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 19:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET, BY FCEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 20:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET, BY FCEV, BY VALUE IN USD, 2016-2028
  1. Figure 21:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 22:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET, BY HEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 23:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET, BY HEV, BY VALUE IN USD, 2016-2028
  1. Figure 24:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 25:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET, BY PHEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 26:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET, BY PHEV, BY VALUE IN USD, 2016-2028
  1. Figure 27:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 28:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 29:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 30:  
  2. UNITED STATES ELECTRIC PICK-UP TRUCKS MARKET SHARE(%), BY MAJOR PLAYERS, 2021

US Electric Pick-up Trucks Industry Segmentation

BEV, FCEV, HEV, PHEV are covered as segments by Fuel Type.
Fuel Type
BEV
FCEV
HEV
PHEV
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Market Definition

  • Body Type - 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.
  • Engine Type - Hybrid and electric vehicles are vehicles that run on batteries and use one or more electric motors for propulsion.
  • Fuel Type - Hybrid and electric vehicles include HEV, PHEV, BEV, and FCEV.
  • Sub Body Type - Light truck or light-duty truck is a US classification for vehicles with a gross vehicle weight of up to 3,860 kg and a payload capacity of up to 1,815 kg. Similar goods vehicle classes in the European Union, Canada, Australia, and New Zealand are termed light commercial vehicles and are limited to a gross vehicle weight of up to 3,500 kg.
  • Vehicle Type - Commercial vehicles are motorized road vehicles designed for transporting people or goods. The category includes light commercial vehicles (LCVs).
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Research Methodology

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

  • Step-1: Identify Key Variables: In order 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 on the basis of 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. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
  • 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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US Electric Pick-up Trucks Market Research FAQs

The United States Electric Pick-up Trucks Market size is expected to reach USD 14.09 billion in 2024 and grow at a CAGR of 32.20% to reach USD 56.90 billion by 2029.

In 2024, the United States Electric Pick-up Trucks Market size is expected to reach USD 14.09 billion.

BOLLINGER MOTORS INC, Ford Motor Company, General Motors Company, Lordstown Motors and Rivian Automotive, LLC are the major companies operating in the United States Electric Pick-up Trucks Market.

In the United States Electric Pick-up Trucks Market, the BEV segment accounts for the largest share by fuel type.

In 2024, the FCEV segment accounts for the fastest growing by fuel type in the United States Electric Pick-up Trucks Market.

In 2023, the United States Electric Pick-up Trucks Market size was estimated at USD 10.66 billion. The report covers the United States Electric Pick-up Trucks Market historical market size for years: 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United States Electric Pick-up Trucks Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

United States Electric Pick-up Trucks Industry Report

Statistics for the 2024 United States Electric Pick-up Trucks market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States Electric Pick-up Trucks analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

United States Electric Pick-up Trucks Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029