Executive Analysis of Electric Truck Market, Forecast to 2025

Chinese Thrust to Propel Global Light-medium-heavy Duty Electric Truck Market to More than 2.5 Million Units in Annual Sales by 2025
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Published: 26 Dec 2017

This study provides an overview of the opportunities in the global medium heavy-duty electric truck market in the period 2016–2025. The study reveals that the Chinese electric truck market will be the global electric medium heavy-duty truck leader and is expected to be dominated by fully electric trucks with 61.1% market share, followed by plug-in hybrid with 28.5% and hybrid with 10.4%, by 2025. New energy powertrain adoption is likely to increase, especially among medium-duty and heavy-duty trucks in China which is mainly dominated by new trucks models. The North American electric truck market is expected to be dominated by fully electric trucks with 53.3% market share, followed by plug-in hybrid with 30.7% and hybrid with 15.9%, by 2025. The new GHG emission regulations are pushing hard to achieve CO2 and fuel economy standards to satisfy EISA lead-time requirement. The European electric truck market is expected to be dominated by fully electric trucks with 54.6% market share, followed by plug-in hybrid with 37.4%, share and hybrid with 8.0%, by 2025. Several Western European countries are planning to adopt the ICE ban from 2025–2030, with expanding low-emission zones planning to ban diesel and gasoline engines. List of market participants reviewed in the study include AVL, Allison, BAE Systems, BYD, BYD America, Brusa, Chanje, Charge, Daimler, Donfeng, E-Force, Eaton, Emerson, Ennova, Enride, FAW, Foton, Fuso, GINAF, GKN, Geely, Hino Motors, Hitachi, JAC, MAN, Mack Trucks, Medcom, Motiv Power, Nanjin IVECO, Nikola, Nissan, Remy, Renault, Scania, Shaanxi, Siemens, Smith Electric, TM4, Tesla, Toyota, Traktionssysteme, UQM Technologies, VIA, Volvo, ZF, eTraction and many more.

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