Electric Truck Market by Size, Battery, Components, Geography, Growth, and Demand Forecast, 2013–2023

-

The global electric truck market is expected to observe extensive growth in the coming years because of stringent emission norms and growing government support in the form of subsidies, grants, and tax rebates for electric vehicles. In addition, falling battery pack costs, improving charging infrastructure, and increasing electric vehicle range have fueled the global demand for electric trucks.


Request to get the Sample Report@ https://www.psmarketresearch.com/market-analysis/electric-truck-market/report-sample

Based on the market size, the light commercial vehicle (LCV) category is expected to dominate the industry during the forecast period, owing to the higher production and sales and lower upfront cost of LCVs as compared to heavy commercial vehicles (HCVs). In the latter half of the forecast period, electric LCVs are expected to reach cost parity with diesel LCVs, which will further benefit their market growth.

Explore Full Report Description At@ https://www.psmarketresearch.com/market-analysis/electric-truck-market

During the forecast period, Asia-Pacific, led by China, is expected to be the largest electric truck market, globally. The Chinese government support for new energy vehicles as well as the government plans to end the sale of new conventional vehicles in the coming years is anticipated to fuel the demand for these trucks in the region.

Some of the major players in the industry are Daimler AG, BYD Co Ltd., Iveco S.p.A., E-Force One AG, Scania AB, Hino Motors Ltd., Allison Transmission Inc., Isuzu Motors Limited, Nissan Motor Company Ltd, and Dongfeng Motor Corporation.

Comments

Post a Comment

Popular posts from this blog

Demand for Electric Bike Set for Stupendous Growth in China and Post 2020, Buoyed by the Global COVID-19 Pandemic

-
In the 1950s, less than 20% of the Chinese people were urban dwellers, and by 2018, this percentage had soared to 59%, as per the World Urbanization Prospects 2018 report of the United Nations (UN). This has led to a massive rise in the number of automobiles on the roads of China, in part, making it the largest carbon emitter in the world. As a result, its government has been strongly encouraging the public to adopt electric vehicles (EV) by implementing stringent emission regulations and offering purchase subsidies and tax rebates. Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/china-electric-scooters-and-motorcycles-market/report-sample P&S Intelligence says that the increasing urbanization level, which is expected to touch almost 70% by 2030, will drive the electric bike market in China from $7.7 billion in 2017 to $12.5 billion by 2025, at a 6.1% CAGR during 2018–2025 (forecast period). As per the Health Effects Institute and Tsing...
Read more

India Electric Car Market Will See Strong Expansion Through 2025

-
Image
The air pollution levels in India have risen rapidly over the past few years. As per the Environmental Pollution Index 2018, the country is among the bottom five countries when environment health category is considered and ranked 178 out of 180, in terms of air quality. India’s carbon dioxide emissions rose by 4.6% in 2017. This surging emissions of ultra-fine particulate matter from fuel-based vehicles has caused the death of approximately 1,640,000 people in the country. In order to reduce the pollution, the government of the country is focusing on encouraging the utilization of electric vehicles. Owing to these factors, the demand for electric cars in India has risen considerably. According to a report by P&S Intelligence, the Indian electric car market is expected to generate a revenue of $707.4 million by 2025, rising from $71.1 million in 2017, and is projected to progress at a 34.5% CAGR during the forecast period (2018–2025). The different types of electric cars are hybr...
Read more

Logistics Industry is Expecting Major Tech Revolution in Near Future

-
Image
 The impact of COVID-19on the logistics industry has been quite negative, as the growth of the industry has slowed down due to the nationwide lockdown in most of the affected countries. Owing to the growth in e-commerce activities, increase in the disposable income of customers, and rapid urbanization in emerging economies, such as India and China, the logistics industry had been growing in recent years. Seeing the rising need for the transportation of goods, many new companies were entering the logistics space before the pandemic arrived. TheCOVID-19 impact analysis on the  logistics industry  reveals that trading activities between nations were discontinued to contain the spread of the virus, which disrupted the supply chain. For instance, the supply chain of China is operational across countries including India, South Korea, Japan, Hong Kong, Singapore, the U.K., Spain, Italy, and Germany, all of which are badly jolted by the pandemic. Apart from China, all t...
Read more