United States Electric Truck Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 48.80% (2024-2032)
The market in United States is primarily driven by the increasing demand for energy-efficient commercial vehicles. According to the latest report by IMARC Group, the United States electric truck market size is projected to exhibit a growth rate (CAGR) of 48.80% during 2024-2032.
The rapid urbanization and expansion of smart cities are fostering the need for environmentally friendly transportation solutions, boosting the demand for electric trucks in municipal and commercial applications. The growing emphasis on reducing noise pollution in urban areas is encouraging the adoption of electric trucks, which offer quieter operations compared to their diesel counterparts. Advances in lightweight materials and aerodynamics are improving the energy efficiency of electric trucks, making them more viable for a wide range of applications. The development of next-generation electric drivetrains with enhanced torque and performance capabilities is making electric trucks a competitive alternative to traditional internal combustion engine (ICE) vehicles. The increasing role of fleet electrification in corporate ESG (Environmental, Social, and Governance) strategies is accelerating investment in electric truck adoption. The proliferation of digitalization in fleet management, including real-time data analytics and telematics, is enhancing route optimization and energy efficiency for electric trucks. Furthermore, the expansion of battery recycling and second-life battery applications is improving the sustainability and cost-effectiveness of electric truck operations.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/united-states-electric-truck-market/requestsample
United States Electric Truck Industry Trends and Drivers:
The scope of the market in the United States is expanding as automakers and technology firms collaborate to advance next-generation electric truck platforms. With the broadening market scope, the development of wireless and inductive charging solutions is reducing infrastructure constraints and making electric truck deployment more seamless. As per the market analysis, the increased focus on localized battery production and supply chain resilience is mitigating dependency on foreign raw materials, strengthening domestic manufacturing capabilities. Growth opportunities are emerging as logistics companies explore the potential of shared electric trucking networks to optimize cargo transportation efficiency. The rising implementation of over-the-air (OTA) software updates is enabling electric trucks to receive performance enhancements and system optimizations remotely, extending vehicle lifespan. Additionally, the emergence of blockchain technology for tracking and verifying carbon credits in electric trucking operations is adding new value to sustainable logistics solutions. The push for electrification in the defense and emergency response sectors is creating new demand for specialized electric truck models. Increasing interest in micro-mobility and urban freight solutions is leading to the development of compact electric trucks tailored for city logistics. Besides this, the acceleration of AI-driven autonomous electric truck technology is paving the way for more efficient and cost-effective long-haul freight operations, further expanding the potential of the market.
United States Electric Truck Industry Segmentation:
The report has segmented the market into the following categories:
Breakup by Vehicle Type:
- Light-duty Truck
- Medium-duty Truck
- Heavy-duty Truck
Breakup by Propulsion:
- Battery Electric Truck
- Hybrid Electric Truck
- Plug-in Hybrid Electric Truck
- Fuel Cell Electric Truck
Breakup by Range:
- 0-150 Miles
- 151-300 Miles
- Above 300 Miles
Breakup by Application:
- Logistics
- Municipal
- Construction
- Mining
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Ask Our Expert & Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=20132&flag=C
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
