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Last Updated: Apr 25, 2025 | Study Period: 2023-2030
An electric truck is a battery-operated electric vehicle intended to deliver goods, carry specific payloads, or carry out other practical tasks. Compared to internal combustion trucks, electric vehicles produce less noise and pollutants.
The cost of owning and running electric trucks is significantly cheaper than that of their predecessors due to the great efficiency and low component counts of electric power trains, the lack of fuel combustion when idling, and the quiet and effective acceleration.
A move toward e-mobility and the growth of the nation's infrastructure for charging electric vehicles will encourage individuals to embrace electric trucks for commercial use in the years to come, especially in light of growing environmental concerns.
The Malaysia Electric Truck Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
Volvo Trucks is launching a number of new technologies that enhance driving comfort and safety while enabling precise manoeuvring in congested places and on slick or rough roads, such as those seen on construction sites.
The use of a truck's Terrain Brake helps to manoeuvre the vehicle through unsteady terrain easier and safer when travelling at low speeds.
Additionally, Volvo Trucks improved the cruise control so that it could be used at preset speeds as low as 4 km/h, or even 2 km/h if the optional crawler gears were employed. Drivers may now move the truck into reverse while it is moving forward instead of utilising the brakes.The new feature then automatically slows down the vehicle before backing it up while the driver only presses the gas pedal.
The first electric truck in Malaysia will shortly be delivered by Mercedes-Benz Malaysia Commercial Vehicles (MBMCV), the country's authorised distributor of FUSO vehicles.
Biforst Logistics, which recently signed a memorandum of understanding (MoU) with MBMCV to formalise the purchase following the truck's official introduction, will be the organisation receiving the electric-powered FUSO eCanter.
The three-person, 2,860 kg (kerb) eCanter employs a 70 kWh high-voltage battery to power its 185 kW electric engine, allowing it to tow weights up to 4,600 kg.
| 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, 2023-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2023-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2023-2030 |
| 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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