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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Due to their cheaper costs, improved performance, and fewer emissions, electric trucks are growing in popularity. A battery-powered electric truck can carry huge weights, move freight, and conduct activities with great performance.
Businesses may realize their full potential and set themselves apart from rivals thanks to electric heavy-duty trucks. The typical electric truck is a traditional heavy-duty vehicle; the fact that EV trucks don't require gasoline is already one of its main advantages owing to the price and environmental impact of fuel. Driving electric trucks lowers CO2 emissions while actually improving driver performance.
Additionally, EV vehicles have fewer components, which should result in less damage and require less maintenance. The type of truck and how it is used will determine this, though.
The China 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 commercial vehicle brand of Geely Holding Group has introduced its next-generation electric semi-truck, the Homtruck. China's auto giant anticipates starting production and deliveries and is aiming for foreign markets including Europe, Korea, Japan, and North America as many manufacturers seek to bring new technology to the commercial vehicle business.
The Homtruck will provide many power sources, including methanol hybrid and pure electric, and the Homtruck's batteries may be switched out, minimizing the need to charge. It is named after the original desire of its inventors to create a semi-truck that feels like home.
To guarantee optimum driver comfort while providing for their basic requirements, the roomy interior has a shower and toilet, a single bed, a refrigerator, a cooking area, and a small washing machine.
| 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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