Lucintel's latest market report analyzed that electric truck provides attractive opportunities in the light-duty electric truck, medium-duty electric truck, and heavy-duty electric truck markets. The electric truck market is expected to reach $XX billion by 2028 with a CAGR of 43% to 45%. In this market, battery electric truck is the largest segment by propulsion, whereas up to 150 miles is largest by range.
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Based on propulsion, the electric truck market is segmented into battery electric truck, hybrid electric truck, plug-in hybrid electric truck, and fuel-cell electric truck. The battery electric truck segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the increasing life and energy density of batteries along with reduced cost of batteries.
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The Electric Truck Market is marked by the presence of several big and small players. Some of the prominent players offering electric truck include AB Volvo, BYD, Daimler, Dongfeng Motor Company, Geely Automobiles, Man SE, Paccar Inc.,Scania, Tata Motors, and Workhorse.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
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