Electric Truck Market 2020 Growth Trends by Regions, Size and Share, Revenue, Business Developments and Key Players Forecast to 2024 – PRnews Leader

Electric Truck

Electric Truck Market” research report would be to present the accurate and tactical analysis of the market assets, growing factors, supply, industry size, regional segmentation, dynamics as well as prices variant for its forecast year 2024. The report study provides key statistics on the market status of the Electric Truck manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

Scope of the Report:

The global electric truck market study has been segmented by electric type, truck type, and application type.

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Top Players Are:

  • Dongfeng Motor Corporation
  • Hino Motors
  • Daimler (Mitsubishi Fuso)
  • PACCAR Inc.
  • Isuzu
  • Navistar International Corporation
  • Renault Trucks
  • BYD Auto Co. Ltd
  • Smith Electric Vehicles
  • Zenith Motors
  • Alke
  • Tesla Inc.

    Market Overview:

  • The global electric truck market is expected to register a CAGR of ~16.38% during the forecast period (2019 – 2024).
  • – Some of the major factors driving the growth of the marker are the enactment of stringent emission norms imposed on commercial vehicles, and reduction in fuel and maintenance cost.
  • – Governments across the world are putting pressure on manufacturers to reduce carbon emission caused due to diesel fuel combustion and tackle greenhouse gas emissions; in turn, pushing vehicle manufacturers to invest in developing electrified trucks while low emissions zones are driving fleets to replace diesel trucks with cleaner options.
  • – However, there are certain risks associated with the adoption of e-trucks, such as new vehicles must prove to be dependable, consumers need to be educated, and dealers and customers will require training. Furthermore, inadequate charging infrastructure for electric trucks is also expected to hinder the growth of the market.

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    Key Market Trends:

    Stringent Emission Regulation and Technological
    Source…