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Europe Electric Truck Market

Europe Electric Truck Market

Europe Electric Truck Market, By Propulsion Type (BEV (Battery Electric Vehicle), PHEV (Plug-in Hybrid Electric Vehicle), FCEV (Fuel Cell Electric Vehicle)); By Type (Light Duty Trucks, Medium Duty Trucks, Heavy Duty Trucks); By End User (Last-Mile Delivery, Long Haul Transportation, Refuse Services, Field Services, Distribution Services); By Range (Up to 200 Miles, Above 200 Miles); By Battery Capacity (Less Than 50 kWh, 50–250 kWh, Above 250 kWh); By Country (Germany, United Kingdom, Italy, France, Spain, Belgium, Russia, Netherlands, Rest of Europe), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: February 2024
  • Report ID: BWC24089
  • Available Format: PDF
  • Page: 200

Report Overview

Increasing environmental concerns, government incentives, rising fuel costs, advancements in battery technology, and a growing emphasis on sustainable transportation solutions are key driving factors propelling the growth of the Europe Electric Truck Market during the forecast period between 2024 and 2030.

Europe Electric Truck Market – Industry Trends & Forecast Report, 2030

Europe Electric Truck Market size was estimated at USD 0.73 billion in 2023. During the forecast period between 2024 and 2029, the size of Europe Electric Truck Market is projected to grow at a CAGR of 42.36% reaching a value of USD 8.65 billion by 2030. The Europe Electric Truck Market is propelled by stringent emissions regulations, a growing focus on sustainability, and government incentives promoting electric vehicle adoption. Rising environmental concerns and need to reduce carbon footprints are driving fleet operators to embrace electric trucks. Advancements in battery technology, improving charging infrastructure, and decreasing battery costs contribute to market growth. Additionally, heightened consumer demand for eco-friendly transportation solutions and a shift toward cleaner energy sources in logistics further stimulate the electric truck market in Europe. The combined factors create a conducive environment for the widespread adoption of electric trucks across the continent.

Europe Electric Truck Market

Electric Truck – Overview

Electric trucks are vehicles powered by electric motors, eliminating the need for traditional internal combustion engines (ICE). These eco-friendly trucks use rechargeable batteries or other electric power sources, reducing carbon emissions and dependence on fossil fuels. Electric trucks offer a sustainable solution for freight transportation, promising lower operating costs and environmental impact. With advancements in battery technology, electric trucks are gaining popularity in the commercial sector, contributing to the global shift toward cleaner and more sustainable transportation options. Companies are increasingly investing in the development of electric truck models to address environmental concerns and meet the growing demand for green alternatives in the truck industry.

Europe Electric Truck Market

Growth Drivers

Rising Fuel Costs

Rising fuel costs propel drive the demand for electric trucks in Europe. As conventional fuel prices soar, the demand for eco-friendly alternatives intensifies, driving a significant uptick in electric truck adoption across Europe. Companies are increasingly turning to electric fleets to mitigate the impact of escalating fuel expenses, capitalizing on the cost-effectiveness and sustainability of electric vehicles. The trend aligns with environmental goals and also positions the electric truck market as a strategic solution for businesses seeking economic resilience amid volatile fuel markets.

Challenges

Slower Adoption in Long-Haul Trucking

Despite the promising growth of the Europe Electric Truck Market, a notable restraint is the slower adoption of electric trucks in long-haul trucking. While electric trucks have gained traction in urban delivery and short-haul operations, challenges such as limited charging infrastructure and the need for advanced battery technology hinder their widespread use in long-distance transportation. The higher energy demands and weight of cargo in long-haul scenarios pose hurdles for electric trucks to match the efficiency and range of traditional diesel-powered counterparts. Overcoming the barriers is crucial to fully unlock the potential of electric trucks across diverse transport applications.

Impact of Escalating Geopolitical Tensions on Europe Electric Truck Market

Escalating geopolitical tensions in Europe have significantly impacted the Electric Truck Market. Increased uncertainties, trade restrictions, and geopolitical rivalries have disrupted the supply chain, leading to delays in the manufacturing and delivery of electric trucks. Instances of heightened political friction, such as trade disputes and sanctions, have resulted in increased production costs, affecting the market's overall profitability. Additionally, shifting alliances and geopolitical dynamics have influenced investment patterns, deterred potential investors, and hindered market growth. The Europe Electric Truck Market faces the challenge of navigating through geopolitical uncertainties, requiring adaptability and strategic planning to mitigate the adverse effects on production, distribution, and market expansion.

Europe Electric Truck Market

Segmental Coverage

Europe Electric Truck Market – By Propulsion Type

Based on propulsion type, Europe Electric Truck Market is divided into Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), and Fuel Cell Electric Vehicle (FCEV) segments. The BEV segment is the largest in the Europe Electric Truck Market. This indicates a predominant focus on fully electric trucks powered solely by batteries, reflecting the growing emphasis on sustainable and eco-friendly transportation solutions in the European market. The BEV segment's prominence underscores the region's commitment to reducing emissions and transitioning towards cleaner energy alternatives in the commercial transportation sector.

Europe Electric Truck Market Size

Europe Electric Truck Market – By Type

By type, Europe Electric Truck Market is divided into Light Duty Trucks, Medium Duty Trucks, and Heavy Duty Trucks segments. The heavy duty trucks segment dominates the market, followed by medium duty trucks and light duty trucks. The heavy duty trucks represent a substantial portion of the market, reflecting the growing demand for electric solutions in the transportation of goods and freight. The segment's prominence underscores the industry's focus on addressing sustainability challenges in the logistics and transportation sector, with a particular emphasis on larger, more robust electric truck models designed for heavy-duty applications.

Europe Electric Truck Market – By End User

By end user, Europe Electric Truck Market is divided into Last-Mile Delivery, Long Haul Transportation, Refuse Services, Field Services, and Distribution Services segments. The long haul transportation segment emerges as a significant driver, reflecting the market's focus on efficient and sustainable freight transport over extended distances. The segment underscores the growing adoption of electric trucks to address environmental concerns and align with evolving logistics requirements, signaling a pivotal shift towards cleaner and more sustainable solutions in the European transportation sector.

Europe Electric Truck Market – By Range

By Range, Europe Electric Truck Market is divided into Up to 200 Miles and above 200 Miles segments. These segments delineate the range capabilities of electric trucks, with the former catering to shorter distances and the latter targeting longer hauls. The division reflects the industry's focus on addressing diverse transportation needs, from local deliveries within a 200-mile radius to more extensive logistics requiring a range exceeding 200 miles. The segmentation underscores the versatility of electric trucks, accommodating varying operational requirements and promoting sustainable solutions across different transport applications in the European market.

Europe Electric Truck Market – By Battery Capacity

By Battery Capacity, Europe Electric Truck Market is divided into Less Than 50 kWh, 50–250 kWh, and Above 250 kWh segments. The 50–250 kWh range segment is the largest in the Europe Electric Truck Market. The segment appears to dominate the landscape, reflecting a strong preference or demand for electric trucks falling in the specific battery capacity range in the European market. The preference for medium-sized battery capacities suggests a balance between operational range and efficiency, aligning with the evolving dynamics of the electric truck sector in the region.

Europe Electric Truck Market Share

Europe Electric Truck Market – By Country

By Country, Europe Electric Truck Market is divided into Germany, United Kingdom, Italy, France, Spain, Belgium, Russia, the Netherlands, and Rest of Europe. Germany is the leading country in electric truck adoption. The country is at the forefront of sustainable transportation, driven by robust infrastructure, government incentives, and a strong commitment to environmental initiatives. The United Kingdom, Italy, France, Spain, Belgium, Russia, and the Netherlands also contribute significantly to the market, collectively shaping the landscape. The Rest of Europe plays a crucial role in further diversifying the electric truck market, as the region embraces the transition towards cleaner and more efficient transportation solutions.

Competitive Landscape

Major players in the Europe Electric Truck Market include Volvo Group, Daimler Truck AG, Scania AB, Renault Trucks, MAN Trucks & Buses, DAF Trucks NV, Tevva Motors Limited, IVECO SpA, E-Force One AG, and Tesla Motors Inc. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In May 2022 - Volvo Trucks and Deutsche Post DHL Group formed a collaboration to expedite the transition to zero-emission vehicles. DHL plans to accelerate its shift to big electric vehicles by deploying 44 new electric Volvo trucks on European routes. The planned order includes 40 Volvo FE and Volvo FL electric trucks, which will be utilized for package deliveries in urban areas. Electric trucks for longer routes are also included in the scope, and DHL has opted to start employing Volvo trucks for regional haulage, beginning with four Volvo FM Electric trucks in the United Kingdom.

  • In June 2022 – Scania, a Sweden-based company, introduced the "next level of battery-electric trucks (BEV)". With R or S sleeper cabs, the charging capability of the new e-trucks is up to 375 kW, which means that an hour of charging will add some 270 to 300 km of range, and the power output level for a Scania 45 R or S is 410 kW (equivalent to some 560 hp).

Scope of Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

Revenue in USD Billion

Market Coverage

Germany, United Kingdom, Italy, France, Spain, Belgium, Russia, the Netherlands, Rest of Europe

Product/Service Segmentation

Propulsion Type, Type, End User, Range, Battery Capacity, Country

Key Players

Volvo Group, Daimler Truck AG, Scania AB, Renault Trucks, MAN Trucks & Buses, DAF Trucks NV, Tevva Motors Limited, IVECO SpA, E-Force One AG, Tesla Motors Inc.

 

By Propulsion Type

  • BEV (Battery Electric Vehicle)

  • PHEV (Plug-in Hybrid Electric Vehicle)

  • FCEV (Fuel Cell Electric Vehicle)

By Type

  • Light Duty Trucks

  • Medium Duty Trucks

  • Heavy Duty Trucks

By End User

  • Last-Mile Delivery

  • Long Haul Transportation

  • Refuse Services

  • Field Services

  • Distribution Services

By Range

  • Up to 200 Miles

  • Above 200 Miles

By Battery Capacity

  • Less Than 50 kWh

  • 50–250 kWh

  • Above 250 kWh

By Country

  • Germany

  • United Kingdom

  • Italy

  • France

  • Spain

  • Belgium

  • Russia

  • The Netherlands

  • Rest of Europe

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3.  Europe Electric Truck Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Stricter emission regulations
        2. Growing government incentives
        3. Rising fuel costs
      2. Restraints
        1. Limited availability of key components
        2. Slower adoption in long-haul trucking
      3. Opportunities
        1. Expanding charging infrastructure
        2. Growing demand for heavy-duty electric trucks
      4. Challenges
        1. Limited range and charging infrastructure
        2. Payload and performance limitations
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4.  Europe Electric Truck Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share and Forecast
      1. By Propulsion Type
        1. BEV (Battery Electric Vehicle)
        2. PHEV (Plug-in Hybrid Electric Vehicle)
        3. FCEV (Fuel Cell Electric Vehicle)
      2. By Type
        1. Light Duty Trucks
        2. Medium Duty Trucks
        3. Heavy Duty Trucks
      3. By End User
        1. Last-Mile Delivery
        2. Long Haul Transportation
        3. Refuse Services
        4. Field Services
        5. Distribution Services
      4. By Range
        1. Up to 200 Miles
        2. Above 200 Miles
      5. By Battery Capacity
        1. Less Than 50 kWh
        2. 50–250 kWh
        3. Above 250 kWh
      6. By Country
        1. Germany
        2. United Kingdom
        3. Italy
        4. France
        5. Spain
        6. Belgium
        7. Russia
        8. The Netherlands
        9. Rest of Europe
  5. Germany Electric Truck Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Propulsion Type
      2. By Type
      3. By End User
      4. By Range
      5. By Battery Capacity
  6. United Kingdom Electric Truck Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Propulsion Type
      2. By Type
      3. By End User
      4. By Range
      5. By Battery Capacity
  7. Italy Electric Truck Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Propulsion Type
      2. By Type
      3. By End User
      4. By Range
      5. By Battery Capacity
  8. France Electric Truck Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Propulsion Type
      2. By Type
      3. By End User
      4. By Range
      5. By Battery Capacity
  9. Spain Electric Truck Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Propulsion Type
      2. By Type
      3. By End User
      4. By Range
      5. By Battery Capacity
  10. Belgium Electric Truck Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Propulsion Type
      2. By Type
      3. By End User
      4. By Range
      5. By Battery Capacity
  11. Russia Electric Truck Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Propulsion Type
      2. By Type
      3. By End User
      4. By Range
      5. By Battery Capacity
  12. The Netherlands Electric Truck Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Propulsion Type
      2. By Type
      3. By End User
      4. By Range
      5. By Battery Capacity
  13. Rest of Europe Electric Truck Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Propulsion Type
      2. By Type
      3. By End User
      4. By Range
      5. By Battery Capacity
  14. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Europe Electric Truck Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  15. Impact of Escalating Geopolitical Tensions on Europe Electric Truck Market
  16. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Volvo Group
    2. Daimler Truck AG
    3. Scania AB
    4. Renault Trucks
    5. MAN Trucks & Buses
    6. DAF Trucks NV
    7. Tevva Motors Limited
    8. IVECO SpA
    9. E-Force One AG
    10. Tesla Motors Inc.
    11. Other Prominent Players
  17. Key Strategic Recommendations
  18. Research Methodology
    1.    Qualitative Research
      1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Region
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

List of Figures

 

Figure 1       Europe Electric Truck Market Segmentation           

Figure 2       Europe Electric Truck Market Value Chain Analysis           

Figure 3       Company Market Share Analysis, 2023         

Figure 4       Europe Electric Truck Market Size, By Value (USD Billion), 2019–2030          

Figure 5       Europe Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030                

Figure 6       Europe Electric Truck Market Share, By Type, By Value, 2019–2030              

Figure 7       Europe Electric Truck Market Share, By End User, By Value, 2019–2030                   

Figure 8       Europe Electric Truck Market Share, By Range, By Value, 2019–2030            

Figure 9       Europe Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030               

Figure 11     Europe Electric Truck Market Share, By Country, By Value, 2019–2030         

Figure 12     Germany Electric Truck Market Size, By Value (USD Billion), 2019–2030                  

Figure 13     Germany Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030                  

Figure 14     Germany Electric Truck Market Share, By Type, By Value, 2019–2030           

Figure 15     Germany Electric Truck Market Share, By End User, By Value, 2019–2030               

Figure 16     Germany Electric Truck Market Share, By Range, By Value, 2019–2030         

Figure 17     Germany Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030                  

Figure 19     United Kingdom Electric Truck Market Size, By Value (USD Billion), 2019–2030               

Figure 20     United Kingdom Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030          

Figure 21     United Kingdom Electric Truck Market Share, By Type, By Value, 2019–2030           

Figure 22     United Kingdom Electric Truck Market Share, By End User, By Value, 2019–2030                  

Figure 23     United Kingdom Electric Truck Market Share, By Range, By Value, 2019–2030                 

Figure 24     United Kingdom Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030          

Figure 25     Italy Electric Truck Market Size, By Value (USD Billion), 2019–2030              

Figure 26     Italy Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030            

Figure 27     Italy Electric Truck Market Share, By Type, By Value, 2019–2030                 

Figure 28     Italy Electric Truck Market Share, By End User, By Value, 2019–2030           

Figure 29     Italy Electric Truck Market Share, By Range, By Value, 2019–2030               

Figure 30     Italy Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030           

Figure 31     France Electric Truck Market Size, By Value (USD Billion), 2019–2030           

Figure 32     France Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030                

Figure 33     France Electric Truck Market Share, By Type, By Value, 2019–2030              

Figure 34     France Electric Truck Market Share, By End User, By Value, 2019–2030         

Figure 35     France Electric Truck Market Share, By Range, By Value, 2019–2030            

Figure 36     France Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030               

Figure 37     Spain Electric Truck Market Size, By Value (USD Billion), 2019–2030            

Figure 38     Spain Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030           

Figure 39     Spain Electric Truck Market Share, By Type, By Value, 2019–2030                

Figure 40     Spain Electric Truck Market Share, By End User, By Value, 2019–2030          

Figure 41     Spain Electric Truck Market Share, By Range, By Value, 2019–2030              

Figure 42     Spain Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030                 

Figure 43     The Netherlands Electric Truck Market Size, By Value (USD Billion), 2019–2030               

Figure 44     The Netherlands Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030          

Figure 45     The Netherlands Electric Truck Market Share, By Type, By Value, 2019–2030           

Figure 46     The Netherlands Electric Truck Market Share, By End User, By Value, 2019–2030                  

Figure 47     The Netherlands Electric Truck Market Share, By Range, By Value, 2019–2030                

Figure 48     The Netherlands Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030          

Figure 49     Belgium Electric Truck Market Size, By Value (USD Billion), 2019–2030         

Figure 50     Belgium Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030                  

Figure 51     Belgium Electric Truck Market Share, By Type, By Value, 2019–2030            

Figure 52     Belgium Electric Truck Market Share, By End User, By Value, 2019–2030                 

Figure 53     Belgium Electric Truck Market Share, By Range, By Value, 2019–2030          

Figure 54     Belgium Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030                  

Figure 55     NORDIC Countries Electric Truck Market Size, By Value (USD Billion), 2019–2030                  

Figure 56     NORDIC Countries Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030          

Figure 57     NORDIC Countries Electric Truck Market Share, By Type, By Value, 2019–2030               

Figure 58     NORDIC Countries Electric Truck Market Share, By End User, By Value, 2019–2030                  

Figure 59     NORDIC Countries Electric Truck Market Share, By Range, By Value, 2019–2030                  

Figure 60     NORDIC Countries Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030          

Figure 61     Rest of Europe Electric Truck Market Size, By Value (USD Billion), 2019–2030           

Figure 62     Rest of Europe Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030          

Figure 63     Rest of Europe Electric Truck Market Share, By Type, By Value, 2019–2030             

Figure 64     Rest of Europe Electric Truck Market Share, By End User, By Value, 2019–2030              

Figure 65     Rest of Europe Electric Truck Market Share, By Range, By Value, 2019–2030           

Figure 66     Rest of Europe Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030                                                                             

 

List of Tables

 

Table 1 Europe Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030

Table 2 Europe Electric Truck Market Share, By Type, By Value, 2019–2030

Table 3 Europe Electric Truck Market Share, By End User, By Value, 2019–2030

Table 4 Europe Electric Truck Market Share, By Range, By Value, 2019–2030

Table 5 Europe Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030

Table 6 Europe Electric Truck Market Share, By Country, By Value, 2019–2030

Table 7 Germany Electric Truck Market Size, By Value (USD Billion), 2019–2030

Table 8 Germany Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030

Table 9 Germany Electric Truck Market Share, By Type, By Value, 2019–2030

Table 10      Germany Electric Truck Market Share, By End User, By Value, 2019–2030

Table 11      Germany Electric Truck Market Share, By Range, By Value, 2019–2030

Table 12      Germany Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030

Table 13      United Kingdom Electric Truck Market Size, By Value (USD Billion), 2019–2030

Table 14      United Kingdom Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030

Table 15      United Kingdom Electric Truck Market Share, By Type, By Value, 2019–2030

Table 16      United Kingdom Electric Truck Market Share, By End User, By Value, 2019–2030

Table 17      United Kingdom Electric Truck Market Share, By Range, By Value, 2019–2030

Table 18      United Kingdom Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030

Table 19      Italy Electric Truck Market Size, By Value (USD Billion), 2019–2030

Table 20      Italy Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030

Table 21      Italy Electric Truck Market Share, By Type, By Value, 2019–2030

Table 22      Italy Electric Truck Market Share, By End User, By Value, 2019–2030

Table 23      Italy Electric Truck Market Share, By Range, By Value, 2019–2030

Table 24      Italy Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030

Table 25      France Electric Truck Market Size, By Value (USD Billion), 2019–2030

Table 26      France Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030

Table 27      France Electric Truck Market Share, By Type, By Value, 2019–2030

Table 28      France Electric Truck Market Share, By End User, By Value, 2019–2030

Table 29      France Electric Truck Market Share, By Range, By Value, 2019–2030

Table 30      France Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030

Table 31      Spain Electric Truck Market Size, By Value (USD Billion), 2019–2030

Table 32      Spain Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030

Table 33      Spain Electric Truck Market Share, By Type, By Value, 2019–2030

Table 34      Spain Electric Truck Market Share, By End User, By Value, 2019–2030

Table 35      Spain Electric Truck Market Share, By Range, By Value, 2019–2030

Table 36      Spain Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030

Table 37      The Netherlands Electric Truck Market Size, By Value (USD Billion), 2019–2030

Table 38      The Netherlands Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030

Table 39      The Netherlands Electric Truck Market Share, By Type, By Value, 2019–2030

Table 40      The Netherlands Electric Truck Market Share, By End User, By Value, 2019–2030

Table 41      The Netherlands Electric Truck Market Share, By Range, By Value, 2019–2030

Table 42      The Netherlands Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030

Table 43      Belgium Electric Truck Market Size, By Value (USD Billion), 2019–2030

Table 44      Belgium Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030

Table 45      Belgium Electric Truck Market Share, By Type, By Value, 2019–2030

Table 46      Belgium Electric Truck Market Share, By End User, By Value, 2019–2030

Table 47      Belgium Electric Truck Market Share, By Range, By Value, 2019–2030

Table 48      Belgium Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030

Table 49      NORDIC Countries Electric Truck Market Size, By Value (USD Billion), 2019–2030

Table 50      NORDIC Countries Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030

Table 51      NORDIC Countries Electric Truck Market Share, By Type, By Value, 2019–2030

Table 52      NORDIC Countries Electric Truck Market Share, By End User, By Value, 2019–2030

Table 53      NORDIC Countries Electric Truck Market Share, By Range, By Value, 2019–2030

Table 54      NORDIC Countries Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030

Table 55      Rest of Europe Electric Truck Market Size, By Value (USD Billion), 2019–2030

Table 56      Rest of Europe Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030

Table 57      Rest of Europe Electric Truck Market Share, By Type, By Value, 2019–2030

Table 58      Rest of Europe Electric Truck Market Share, By End User, By Value, 2019–2030

Table 59      Rest of Europe Electric Truck Market Share, By Range, By Value, 2019–2030

Table 60      Rest of Europe Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030

Table 61      Volvo Group Company Overview

Table 62      Volvo Group Financial Overview

Table 63      Daimler Truck AG Company Overview

Table 64      Daimler Truck AG Financial Overview

Table 65      Scania AB Company Overview

Table 66      Scania AB Financial Overview

Table 67      Renault Trucks Company Overview

Table 68      Renault Trucks Financial Overview

Table 69      MAN Trucks & Buses Company Overview

Table 70      MAN Trucks & Buses Financial Overview

Table 71      DAF Trucks NV Company Overview

Table 72      DAF Trucks NV Financial Overview

Table 73      Tevva Motors Limited Company Overview

Table 74      Tevva Motors Limited Financial Overview

Table 75      IVECO SpA Company Overview

Table 76      IVECO SpA Financial Overview

Table 77      E-Force One AG Company Overview

Table 78      E-Force One AG Financial Overview

Table 79      Tesla Motors Inc. Company Overview

Table 80      Tesla Motors Inc. Financial Overview

Table 81      Other Prominent Players Company Overview

Table 82      Other Prominent Players Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Europe Electric Truck Market size was estimated at USD 0.73 billion in 2023.
Ans: Europe Electric Truck Market size is expected to grow at a CAGR of 42.36% during the forecast period between 2024 and 2030.
Ans: Europe Electric Truck Market size is expected to reach a market value of USD 8.65 billion by 2030.
Ans: Major factors driving the growth of the Europe Electric Truck Market include increasing environmental concerns, government incentives, rising fuel costs, advancements in battery technology, and a growing emphasis on sustainable transportation solutions.
Ans: Germany accounts for the highest market share in the Europe Electric Truck Market.
Ans: The heavy duty trucks segment accounts for the highest market share in the Europe Electric Truck Market by type.
Ans: The battery electric vehicle (BEV) segment accounts for the highest market share in the Europe Electric Truck Market by propulsion type.
Ans: Key players in the Europe Electric Truck Market include Volvo Group, Daimler Truck AG, Scania AB, Renault Trucks, MAN Trucks & Buses, DAF Trucks NV, Tevva Motors Limited, IVECO SpA, E-Force One AG, and Tesla Motors Inc.