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Electric Truck Market To Develop Growth At A CAGR of 43.3% By 2027 Due To Decreasing Battery Prices And Strict Policy Regarding Release of Harmful Green House Gases | Million Insights

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Electric Truck Market To Develop Growth At A CAGR of 43.3% By 2027 Due To Decreasing Battery Prices And Strict Policy Regarding Release of Harmful Green House Gases | Million Insights

October 19
11:40 2021
Electric Truck Market To Develop Growth At A CAGR of 43.3% By 2027 Due To Decreasing Battery Prices And Strict Policy Regarding Release of Harmful Green House Gases | Million Insights
Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global electric truck industry report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

As per the published report, the global Electric Truck Market size is estimated to arrive at USD 14.19 billion by 2027. It is projected to develop by 43.3% CAGR from 2020 to 2027.

Strict policy regarding the release of the harmful green house gases, along with the decreasing battery prices plus the lesser maintenance overheads of the electric truck are the factors estimated to impel the enlargement of the market. Electric trucks are power-driven, by means of an electric motor, in place of an internal combustion engine, which runs on the traditional fossil fuels and generates green house gases. These trucks are the substitute for the conventional fuel powered trucks.

To download the sample PDF of “Electric Truck Market Report” please click here: https://www.millioninsights.com/industry-reports/global-electric-truck-market/request-sample


The electric trucks are sorted into hybrid and battery-electric trucks. The policy of raising the acceptance of these trucks, in logistics, transport as well as in metropolitan divisions, to decrease the release of harmful gases, will power the expansion of the electric truck market, during the forecast period. Amid the increasing concerns about the environment, the government organizations are enforcing strict standards and rules about the discharge. May perhaps, it pushes manufacturing companies of the commercial automobiles, to spend on building up the electric trucks.

The regional and national rules facilitate a helpful situation in the structure of stringent objectives regarding the discharge as well as barring the usage of diesel. Such as, the European Union (EU) has passed ratification to decrease the discharge by not less than 40% on or before 2030. This is estimated to power the expansion of the market for these trucks, during the forecast period.

To browse report summary & detailed TOC, please click the link below:  https://www.millioninsights.com/industry-reports/global-electric-truck-market


Further key findings from the report suggest:

• As a result of growing demand from the transport and logistics division, within the province, the U.S. market is anticipated to increase by the maximum CAGR, during the forecast period

• In 2019, the battery-electric trucks sector retained the major share. It is expected to carry on its domination, throughout the forecast period

• Due to the existence of a number of top companies, within the nation, China held the principal share, in 2019

Million Insights segmented the global electric truck market based on Vehicle Type, and Region.

Electric Trucks Vehicle Type Outlook (Revenue, USD Million, 2016 – 2027)

    • Battery electric Trucks

    • Hybrid Trucks

Electric Trucks Regional Outlook (Revenue, USD Million, 2016 – 2027)

    • The U.S.

    • Europe

        • Germany

        • Italy

        • France

        • Netherlands

    • China


Various companies for electric truck market are:

• Scania

• Navistar, Inc.

• Foton Motor Inc.

• Dong feng Motor Corporation

• BYD Auto Co. Ltd

• Tevva Motors Limited


• Isuzu Motors Ltd

• FAW Group Co., Ltd.

• Daimler AG

• AB Volvo

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About Million Insights      

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

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