ELECTRIC TRUCK MARKET ANALYSIS

Regional Analysis

Global Electric Truck Market: Regional Insights

North America is expected to show significant growth in the global electric truck market over the forecast period. This is owing to robust presence of major market players in the region, and increasing R&D activities in the region. Companies are increasingly investing in electric truck market. For instance, Ford invested more than U$ 6 billion in the U.S. Michigan plant for F-150 hybrid electric truck manufacturing. Along with this, rise in demand for zero-emission commercial vehicles, and growing cost of fuel in the region is also expected to boost growth of the market in the region.

Moreover, Europe is also expected to gain strong growth in the global electric truck market over the forecast period due to rise in environmental concerns, implementation of stringent regulations around emissions by governments of countries in the region. Most of these regulatory measure focus on reducing carbon dioxide and nitrogen oxides in air. Due to such laws and regulations, market players are including electric trucks in their products portfolios in the region. These factors are further driving growth of the market across the region.

• North America: U.S. and Canada
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America 
• Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa