North America Electric Class 8 Truck Market 2022-2027

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    NORTH AMERICA ELECTRIC CLASS 8 TRUCK MARKET

    INTRODUCTION

    Electric trucks are characterised as commercial vehicles used for the transportation of cargo that are powered by a battery pack. Additionally, compared to diesel vehicles, the internal motors of electric trucks have less moving parts and do not require multi-speed gearboxes.

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    Governments all over the world are pressuring automakers to invest in the development of electric trucks in order to combat greenhouse gas emissions and minimise carbon emissions brought on by the combustion of diesel fuel.

     

    NORTH AMERICA ELECTRIC CLASS 8 TRUCK MARKET DEVELOPMENTS AND INNOVATIONS

    Relative to vehicles powered by gasoline, diesel, or compressed natural gas, electric trucks require a far larger initial investment. The cost of the equipment and parts utilised in production is likewise extremely significant.

     

    Due to the increasing demand for electric vehicles for fleets of logistics transport, North America is expected to rise steadily. Due to the region’s rapid adoption of electric pickup trucks in the logistics industry, Europe is predicted to have the fastest-growing market.

     

    Automotive OEMs are being forced to produce fuel-efficient and environmentally friendly automobiles by factors like the increase in pollution and environmental risks, strict government restrictions, and fierce competition.

     

    Truck designers and manufacturers are looking for ways to create trucks that can meet fuel efficiency standards as part of this effort.

     

    COMPETITIVE LANDSCAPE

    Although vehicle sales substantially decreased as a result of lockdowns in the early months of the epidemic, the whole automobile market incurred losses.

     

    The supply chain and logistics firms are actively taking part in replacing their fleet with greener cars, which may be attributed to the increased demand for logistics services as a result of developing e-commerce, retail, and industrial industries.

     

    However, once the lockout restrictions are lifted, it is anticipated that the market for electric trucks will pick up. 

     

    Kenworth is a leading mobiliser of the equipment in the market.

     

    The latest integration has been The Kenworth T680E electric tractor, a class 8 truck with a Meritor powertrain and a gross vehicle weight rating of 82,000 pounds (about 37 tonnes), is capable of 400 kW of continuous power or 500 kW of peak power.

     

    The car has a 396 kWh battery with a range of about 150 miles (240 kilometres) and a charging capacity of up to 120 kW. It is offered as a truck with a 64-axle arrangement or as a tractor with a day cab.

     

    Lion Electric is part of the component manufacture trending companies in the current industry. The class 6 and class 8 commercial urban trucks are all-electric and combine strength, comfort, and contemporary technology.

     

    Large onboard energy capacity that can power the vehicle’s equipment and propulsion. A specially constructed chassis and interior created for an all-electric, heavy-duty vehicle.

     

    To create the appropriate specialty truck, components and requirements were chosen to enable the integration of numerous mechanical and electrical tools.

     

    COMPANIES PROFILED

    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, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    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, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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