Electric Trucks Market Size

Electric Truck Market size was over USD 1.12 billion in 2024 and is expected to exceed USD 57.58 billion by the end of 2037, growing at over 35.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of electric truck is evaluated at USD 1.44 billion.

The market demand is being driven by growing concern over pollution and growing knowledge of the implications of climate change. In addition, governments throughout the world are pushing for the usage of electric cars in an effort to lower greenhouse gas emissions. The AGGI reached 1.49 in 2022, meaning that the warming effect of greenhouse gases has increased by 49% since 1990.

In addition to these, factors that are believed to fuel the market growth of electric truck is due to growing technological developments in batteries will present profitable prospects in the worldwide electric truck market. In order to maximize the efficiency of electric trucks in long-haul operations, market participants are investing more in the innovation of battery technology to improve the driving range and charging capacities of electric trucks.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of electric truck is evaluated at USD 1.44 billion.

The electric truck market size was over USD 1.12 billion in 2024 and is expected to exceed USD 57.58 billion by the end of 2037, growing at over 35.4% CAGR during the forecast period i.e., between 2025-2037. The market demand is being driven by growing concern over pollution and growing knowledge of the implications of climate change.

North America industry is anticipated to account for largest revenue share 34% by 2037, due to substantial R&D efforts in the region.

The major players in the market are Einride, Maersk, Daimler Truck AG, Ford Motor Company, General Motors, GreenPower Motor Company, Proterra., Rivian, Volvo Group, and others.

Electric Trucks Market Size