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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
The expansion of the use of renewable energy in the transportation industry is made possible by electric vehicles. Electric mobility also generates considerable efficiency savings and might become a significant source of storage for fluctuating renewable power sources, in addition to the advantages of this change, such as a decrease in CO2 emissions and air pollution.
Electric vehicles (EVs) are energy-intensive technologies that increase the demand for power that can be generated from renewable sources. Opportunities to connect the renewable energy and low-carbon transportation industries are presented by electric automobiles.
The Austria Electric Truck Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
The first Volta Zero vehicles will be produced in Steyer, Austria, by Steyer Automotive, previously MAN Truck and Bus Austria, according to Volta Trucks, the company that produces fully electric commercial vehicles and offers related services. The news comes after a thorough and competitive tendering procedure with potential suppliers all around Europe.
Steyer Automotive was chosen as the manufacturer because of its vast expertise in the production of commercial vehicles, its established manufacturing infrastructure, and its resultant rapid time to market.
The company's intended market expansion across Europe, followed by North American and Asian markets, was affirmed by the Road-to-Zero Emissions strategy as well. It is already being considered to build more production facilities abroad.
Hyundai Motor of South Korea wants to test the practicality of hydrogen-powered heavy goods transport by delivering a new line of fuel-cell trucks to Europe later this year, upping the ante on competitors. In Europe, a new class of the Scient Hyundai truck is slated to debut with longer-lasting, more effective fuel cells.
Since, the most advanced hydrogen truck rental program me in the world, HHM, a joint venture between Hyundai and the Swiss hydrogen company H2 Energy, has been renting out "green" hydrogen vehicles to business clients in Europe.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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