Executive Analysis of Electric Truck Market, Forecast to 2025
Chinese Thrust to Propel Global Light-medium-heavy Duty Electric Truck Market to More than 2.5 Million Units in Annual Sales by 2025
  • This study provides an overview of the opportunities in the global medium heavy-duty electric truck market in the period 2016–2025. The study reveals that the Chinese electric truck market will be the global electric medium heavy-duty truck leader and is expected to be dominated by fully electric trucks with 61.1% market share, followed by plug-in hybrid with 28.5% and hybrid with 10.4%, by 2025. New energy powertrain adoption is likely to increase, especially among medium-duty and heavy-duty trucks in China which is mainly dominated by new trucks models. The North American electric truck market is expected to be dominated by fully electric trucks with 53.3% market share, followed by plug-in hybrid with 30.7% and hybrid with 15.9%, by 2025. The new GHG emission regulations are pushing hard to achieve CO2 and fuel economy standards to satisfy EISA lead-time requirement. The European electric truck market is expected to be dominated by fully electric trucks with 54.6% market share, followed by plug-in hybrid with 37.4%, share and hybrid with 8.0%, by 2025. Several Western European countries are planning to adopt the ICE ban from 2025–2030, with expanding low-emission zones planning to ban diesel and gasoline engines.

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