US Electric Truck Market Comprehensive Analysis and Forecast 2024 to 2030

May 19, 2025 - 17:05
 0

US Electric Truck Market Overview: 2024-2030

Base Year: 2023

Historical Years:  2019-22

Forecast Years: 2024-2030

The US Electric Truck Market size is valued at USD 711.42 million in 2023 and is projected to reach USD 13.92 billion by 2030. The market is also estimated to grow at a CAGR of around 36.16% during the forecast period, i.e., 2024-30. The US Electric Truck Market is going through significant growth due to multiple drivers like technological advancements and, of course, increasing healthcare needs. The increase in road accidents throughout the country creates a greater demand for X-rays.

Markntel Advisor’s US Electric Truck Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, US Electric Truck Market drivers, barriers, US Electric Truck Market Trends, and Key Players in US Electric Truck Market.

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US Electric Truck Market Dynamics: 2024-2030

The US Electric Truck Market Challenge:

Extended Charging Hours Slowing Down the Market’s Growth Pace – Although electric trucks have low maintenance costs and better performance, certain fleet operators and logistics companies are showcasing their redundancy to integrate these trucks into their fleets. This hesitancy among fleet managers is mainly due to the extended charging hours of electric freight carriers which increases the overall duration of trips. As per the American Trucking Association, contemporary long-haul battery electric trucks range about 150-330 miles and take 10 hours to charge fully. The extended charging hours are not suitable for many essential commodities in transit. Also, the longer duration of trips enhances the cost of trips, hampering the overall margin of logistics companies. Owing to this, many establishments in the logistics sector are not electrifying their fleet, which is hampering the US Electric Truck Market’s potentiality.

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US Electric Truck Market (2024-30): Segmentation Outlook

The market report has segmented the market into the following categories:

By Vehicle Type

Light-Duty Truck–Market Size & Forecast 2019–2030F, Thousand Units

Medium & Heavy Duty Truck–Market Size & Forecast 2019-2030F, Thousand Units

By Propulsion

Battery Electric Truck -Market Size & Forecast 2019-2030F, Thousand Units

Hybrid Electric Truck-Market Size & Forecast 2019-2030F, Thousand Units

Fuel Cell Electric Truck-Market Size & Forecast 2019-2030F, Thousand Units

By Range

 Up to 150 Miles- Market Size & Forecast 2019-2030F, Thousand Units

 151-250 Miles- Market Size & Forecast 2019-2030F, Thousand Units

 251-500 Miles- Market Size & Forecast 2019-2030F, Thousand Units

 >500 Miles- Market Size & Forecast 2019-2030F, Thousand Units

By Battery Type

Lithium-Ion Batteries - Market Size & Forecast 2019-2030F, Thousand Units

Lithium-Iron-Phosphate- Market Size & Forecast 2019-2030F, Thousand Units

Others- Market Size & Forecast 2019-2030F, Thousand Units

By Battery Capacity

<100 kWh- Market Size & Forecast 2019-2030F, Thousand Units

100- 200 kWh Market Size & Forecast 2019-2030, Thousand Units

Above 200 kWh- Market Size & Forecast 2019-2030F, Thousand Units

By Application

Logistics - Market Size & Forecast 2019-2030F, Thousand Units

Construction- Market Size & Forecast 2019-2030F, Thousand Units

Others - Market Size & Forecast 2019-2030F, Thousand Units

By Region

North East

Mid-West

West

South.

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the US Electric Truck Market:

Volvo Trucks, Stellantis, Nikola Motor Co., Tesla Inc. , Ford Motor Co., General Motors Co., Workhorse Group Inc., BYD Co. Ltd., Nu Ride Inc., Daimler Truck AG, Rivian.

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