The North America electric trucks market is expected to grow from US$ 1390.19 million in 2022 to US$ 5652.14 million by 2028. It is estimated to grow at a CAGR of 26.3% from 2022 to 2028.
North America Electric Trucks Market Introduction
The growing unease about the impact of the transportation sector on the environment has generated an unprecedented global demand for decarbonizing transportation to achieve climate goals and limit global warming. This has thus increased the acceptance of low-carbon technology in the transportation sector. Escalating concerns about the adverse effects of transportation-related emissions and the changing consumer inclination towards zero-emission vehicles have resulted in a notable surge in the adoption of light-duty passenger vehicles throughout the region. Furthermore, the steadily growing demand for EVs is supported by substantial financial commitments from leading automotive manufacturers in the research & development and production of electric vehicles. As an example, prominent firms like General Motors, Volkswagen, Volvo, BMW, Nissan, and Audi have collectively invested approximately US$ 150 billion in the manufacturing of electric vehicles and introduced new models throughout the period of 2020–2021. Vendors have the opportunity to attract new customers and broaden their market presence in emerging economies by offering innovative features and technologies. This factor is projected to propel the North America electric trucks market at a promising CAGR during the forecast period.
Download our Sample PDF Report
@ https://www.businessmarketinsights.com/sample/BMIRE00025898
North America Electric Trucks Strategic Insights
Strategic insights into the North America Electric Trucks sector provide a data-driven examination of the industry’s landscape, including current trends, key participants, and regional specificities. These insights offer actionable recommendations, enabling readers to distinguish themselves from competitors by identifying unexploited segments or developing unique value propositions. By employing data analytics, these insights assist industry players, encompassing investors, manufacturers, and other stakeholders, in anticipating market transformations. A future-focused perspective is vital, aiding stakeholders in foreseeing market shifts and positioning themselves for sustained success within this dynamic region. In essence, effective strategic insights empower readers to make well-considered decisions that enhance profitability and achieve their business objectives within the market.
North America Electric Trucks Market Segmentation
North America Electric Trucks Market: By Propulsion
- BEV
- PHEV
- FCV
North America Electric Trucks Market: By Vehicle Type
- LCV
- Medium
- HCV
North America Electric Trucks Market: By Range
- Less than 200 miles
- More than 200 Miles
North America Electric Trucks Market: By Level of Automation
- Semi-Autonomous
- Fully Autonomous
North America Electric Trucks Market: Regions and Countries Covered
North America
- US
- Canada
- Mexico
North America Electric Trucks Market: Market leaders and key company profiles
- AB Volvo
- BYD Company Ltd.
- Daimler AG
- FAW Group Co., Ltd
- Navistar, Inc.
- PACCAR Inc.
- Proterra Inc.
- Rivian
- Scania
- Tesla, Inc.
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications
