Zero Emission Trucks Market Size

Zero Emission Trucks Market size is estimated at USD 8.1 billion in 2024 and is projected to exceed USD 185.2 billion by the end of 2037, witnessing over 29.8% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of zero emission trucks is evaluated at USD 10.5 billion.

The zero emission trucks market growth can be primarily attributed to increasing government mandates to cater to climate change and reduce air pollution. Policies such as the U.S. Clean Air Act, India’s Council on Climate Change Act, 2021, Canada’s Net Zero Commissions Accountability Act, and the European Union’s Green Deal are steadily encouraging companies to adopt zero emission technology, including zero emission trucks across various sectors. Many governments across the globe are focused on implementing zero or low-emission zones where only zero-emission vehicles (ZEVs) are allowed. This has resulted in increasing overall sales of electric trucks.

Zero emission trucks are rapidly gaining traction across several sectors including logistics and transportation, last-mile delivery, and construction. According to the International Energy Agency (IEA), the sales of electric trucks have drastically increased by 35% in 2023 as compared to the sales in 2022. In June 2023, the North American Council for Freight Efficiency partnered with Rocky Mountain Institute to launch an initiative, Run on Less- Electric DEPOT that deployed more than 300 electric trucks of various sizes in different areas and applications to check where these trucks and where challenges persist.