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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Electric trucks are characterized as commercial vehicles used for the transportation of freight that is powered by a battery pack. Additionally, compared to diesel trucks, electric trucks' internal motors have fewer moving parts and do not require multi-speed gearboxes, which lowers maintenance costs and increases vehicle dependability while producing nearly no noise.
As sales of battery-powered heavy trucks begin to increase, with Europe taking the lead, the global road transport business is transitioning towards more sustainable logistics. Heavy vehicles that are entirely electric are increasingly more prevalent in commercial traffic.
Additionally, due to government attempts to encourage the use of electric vehicles and its outstanding benefits including massive amounts of torque, less noise pollution, and cheaper maintenance costs, electric trucks are increasingly becoming the preferred alternative over diesel trucks.
The UK 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.
Tevva, a pioneer in electric trucks, has launched the new Tevva Vehicle, the first 7.5-tonne electric truck created in Britain and aimed at mass manufacture in the UK. With the United Kingdom and Europe committing to a target of net-zero emissions, the Tevva Truck has been introduced to meet the current industrial requirement to electrify.
The Tevva Truck offers a best-in-class combination of capability and cost efficiency from a zero-emissions medium-duty truck, while offering the toughness and resilience of conventional trucks. It has a range of up to 160 miles (250 km) in pure battery electric vehicle (BEV) form or up to 310 miles (500 km) with its patented range extender technology (REX), which has now been upgraded to use hydrogen fuel cells.
| 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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