Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Propulsion Type (BEV, PHEV, FCEV), By Type (Light Duty Trucks, Medium Duty Trucks, Heavy Duty Trucks), By End User (Last Mile Delivery, Long Haul Transportation, Refuse Services, Field Services, Distribution services), By Range (Upto 200 Miles, Above 200 Miles), By Battery Capacity (Less Than 50kwh, 50-250 Kwh, Above 250 Kwh), By Payload Capacity ( Upto 10,000 lbs, 10,001-26,000 lbs, Above 26,001 lbs), By Level of Automation (Semi-autonomous, Autonomous) And Competitive Landscape
Product Code: ETC185014 | Publication Date: May 2021 | Updated Date: Mar 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | Europe Electric Truck Market |
Forecast period | 2025-2031 |
Forecast Size | USD 14.2 billion by 2031 |
CAGR | 10.7% |
Growing Sector | Automotive |
Europe Electric Truck Market report thoroughly covers the market By Countries, By Propulsion Type, By Type, By End user, By Range, By Battery Capacity, By Payload Capacity, By Level Of Automation. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Europe electric truck market is expected to reach a size of USD 14.2 billion by 2031, growing at a CAGR of 10.7% during the forecast period of 2025-2031. This growth can be attributed to various factors such as government regulations promoting the use of electric vehicles, increasing demand for sustainable transportation solutions, and advancements in battery technology.
The Europe electric truck market is expected to experience significant growth in the coming years. This can be attributed to increasing concerns over environmental pollution and the need for sustainable transportation solutions. Electric trucks offer several advantages over traditional diesel or gasoline-powered trucks, such as lower operating costs, reduced emissions, and quieter operation.
According to 6Wresearch, the Europe Electric Truck Market Size is expected to reach a significant CAGR of 10.7% during the forecast period 2025-2031. The Europe Electric Truck Industry is being propelled by increasing demand for sustainable and eco-friendly transportation solutions. Governments across Europe are enforcing stringent emission standards to combat climate change, which has incentivized the adoption of electric trucks. The expectation for reduced operational costs due to lower fuel and maintenance expenses is another key driver behind the growth of the Electric Truck Market in Europe.
Furthermore, with advances in technology, electric trucks are becoming more efficient and reliable. Battery technology is improving, resulting in longer driving ranges and faster charging times. Additionally, innovations such as regenerative braking systems help extend the battery life of electric trucks.
However, the high upfront cost of electric trucks and the limited availability of charging infrastructure pose significant challenges to the expansion of the Europe Electric Truck Market. Battery-related concerns, such as limited range and long charging times, also continue to impact market penetration, particularly for long-distance freight transportation.
Significant technological developments were made in the Europe electric truck market in recent years. There is a trend towards the creation of modular battery systems and fast-charging solutions. Advanced telematics integration is becoming more and more popular as a means of improving vehicle-to-grid communication and fleet management. Smaller electric vehicles are being used by urban delivery firms to meet emission-free zones that have been enforced by a number of European towns. In order to address the market's infrastructure issues, alliances between automakers and energy suppliers have also become a significant trend.
The Electric Truck Market in Europe offers immense investment potential, catalyzed by growing government subsidies and incentives to promote electric vehicle (EV) adoption. Investments in battery technology advancements, such as solid-state batteries, are a crucial area of opportunity, as they aim to improve energy density while reducing costs. Startups and established players entering the market are focused on developing sustainable supply chains and green manufacturing processes, making the Europe Electric Truck Industry a ripe landscape for sustainable energy investments.
Several key players are driving innovation and competitiveness in the market. Companies such as Volvo Trucks, Daimler, MAN Truck & Bus, and Tesla are leading the industry with cutting-edge electric truck designs and expanding their product portfolios. These manufacturers are collaborating with technology firms and utility companies to establish a broader infrastructure for battery charging and smart operations, solidifying their Europe Electric Truck Market Share.
Government regulations play a pivotal role in shaping the Electric Truck Market in Europe. Policies supporting the transition to carbon-neutral transportation, such as subsidies for purchasing electric trucks and tax incentives for electric vehicle manufacturers, are creating a favorable climate for the market. The European Union's Green Deal is a landmark policy that aims to accelerate the decarbonization of transportation, promoting the adoption of electric trucks as a key solution.
The future of the Europe Electric Truck Market appears highly promising, with advancements in renewable energy integration and autonomous driving technologies set to revolutionize the transportation industry. The deployment of ultra-fast charging networks, coupled with improved battery capacities, is expected to address current challenges and further drive the Europe Electric Truck Market Growth. The combined efforts of industry leaders, investors, and policymakers are anticipated to position the Europe Electric Truck Market as a global leader in sustainable freight transportation innovation.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
Germany is expected to dominate the Europe electric truck market, owing to its strong automotive industry and the presence of major players.
According to Ravi Bhandari, Research Head, 6Wresearch, Battery electric vehicles (BEVs) are expected to dominate the market due to their lower long-term costs and zero-emission capabilities.
Light-duty trucks are expected to hold a significant share in the market due to their versatility and use in various industries such as last-mile delivery, field services, and distribution services.
Last-mile delivery is expected to dominate the market owing to the rise in e-commerce and parcel delivery services.
The above 200 miles segment is expected to dominate the market. This can be attributed to various factors such as increasing investment in developing more efficient batteries with longer ranges, improved charging infrastructure, and advancements in technology leading to increased efficiency and extended range of electric trucks.
Battery capacities ranging from 50-250 kWh are expected to have a significant market share due to their balance between cost and range.
Trucks with payload capacities above 26,001 lbs are expected to dominate the market as they are used for heavy-duty tasks such as construction, mining, and waste management.
Semi-autonomous trucks are expected to dominate the Europe electric truck market. This is mainly due to safety concerns and regulatory limitations surrounding the use of fully autonomous vehicles on public roads.
The market report has been segmented and sub-segmented into the following categories
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Electric Truck Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Electric Truck Market Revenues & Volume, 2021 & 2031F |
3.3 Europe Electric Truck Market - Industry Life Cycle |
3.4 Europe Electric Truck Market - Porter's Five Forces |
3.5 Europe Electric Truck Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Europe Electric Truck Market Revenues & Volume Share, By Propulsion Type, 2021 & 2031F |
3.7 Europe Electric Truck Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.8 Europe Electric Truck Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.9 Europe Electric Truck Market Revenues & Volume Share, By Range, 2021 & 2031F |
3.10 Europe Electric Truck Market Revenues & Volume Share, By Battery Capacity, 2021 & 2031F |
3.11 Europe Electric Truck Market Revenues & Volume Share, By Payload Capacity, 2021 & 2031F |
3.12 Europe Electric Truck Market Revenues & Volume Share, By Level of Automation, 2021 & 2031F |
4 Europe Electric Truck Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Electric Truck Market Trends |
6 Europe Electric Truck Market, 2021 - 2031 |
6.1 Europe Electric Truck Market, Revenues & Volume, By Propulsion Type, 2021 - 2031 |
6.2 Europe Electric Truck Market, Revenues & Volume, By Type, 2021 - 2031 |
6.3 Europe Electric Truck Market, Revenues & Volume, By End User, 2021 - 2031 |
6.4 Europe Electric Truck Market, Revenues & Volume, By Range, 2021 - 2031 |
6.5 Europe Electric Truck Market, Revenues & Volume, By Battery Capacity, 2021 - 2031 |
6.6 Europe Electric Truck Market, Revenues & Volume, By Payload Capacity, 2021 - 2031 |
6.7 Europe Electric Truck Market, Revenues & Volume, By Level of Automation, 2021 - 2031 |
7 Germany Electric Truck Market, 2021 - 2031 |
7.1 Germany Electric Truck Market, Revenues & Volume, By Propulsion Type, 2021 - 2031 |
7.2 Germany Electric Truck Market, Revenues & Volume, By Type, 2021 - 2031 |
7.3 Germany Electric Truck Market, Revenues & Volume, By End User, 2021 - 2031 |
7.4 Germany Electric Truck Market, Revenues & Volume, By Range, 2021 - 2031 |
7.5 Germany Electric Truck Market, Revenues & Volume, By Battery Capacity, 2021 - 2031 |
7.6 Germany Electric Truck Market, Revenues & Volume, By Payload Capacity, 2021 - 2031 |
7.7 Germany Electric Truck Market, Revenues & Volume, By Level of Automation, 2021 - 2031 |
8 United Kingdom Electric Truck Market, 2021 - 2031 |
8.1 United Kingdom Electric Truck Market, Revenues & Volume, By Propulsion Type, 2021 - 2031 |
8.2 United Kingdom Electric Truck Market, Revenues & Volume, By Type, 2021 - 2031 |
8.3 United Kingdom Electric Truck Market, Revenues & Volume, By End User, 2021 - 2031 |
8.4 United Kingdom Electric Truck Market, Revenues & Volume, By Range, 2021 - 2031 |
8.5 United Kingdom Electric Truck Market, Revenues & Volume, By Battery Capacity, 2021 - 2031 |
8.6 United Kingdom Electric Truck Market, Revenues & Volume, By Payload Capacity, 2021 - 2031 |
8.7 United Kingdom Electric Truck Market, Revenues & Volume, By Level of Automation, 2021 - 2031 |
9 France Electric Truck Market, 2021 - 2031 |
9.1 France Electric Truck Market, Revenues & Volume, By Propulsion Type, 2021 - 2031 |
9.2 France Electric Truck Market, Revenues & Volume, By Type, 2021 - 2031 |
9.3 France Electric Truck Market, Revenues & Volume, By End User, 2021 - 2031 |
9.4 France Electric Truck Market, Revenues & Volume, By Range, 2021 - 2031 |
9.5 France Electric Truck Market, Revenues & Volume, By Battery Capacity, 2021 - 2031 |
9.6 France Electric Truck Market, Revenues & Volume, By Payload Capacity, 2021 - 2031 |
9.7 France Electric Truck Market, Revenues & Volume, By Level of Automation, 2021 - 2031 |
10 Italy Electric Truck Market, 2021 - 2031 |
10.1 Italy Electric Truck Market, Revenues & Volume, By Propulsion Type, 2021 - 2031 |
10.2 Italy Electric Truck Market, Revenues & Volume, By Type, 2021 - 2031 |
10.3 Italy Electric Truck Market, Revenues & Volume, By End User, 2021 - 2031 |
10.4 Italy Electric Truck Market, Revenues & Volume, By Range, 2021 - 2031 |
10.5 Italy Electric Truck Market, Revenues & Volume, By Battery Capacity, 2021 - 2031 |
10.6 Italy Electric Truck Market, Revenues & Volume, By Payload Capacity, 2021 - 2031 |
10.7 Italy Electric Truck Market, Revenues & Volume, By Level of Automation, 2021 - 2031 |
11 Russia Electric Truck Market, 2021 - 2031 |
11.1 Russia Electric Truck Market, Revenues & Volume, By Propulsion Type, 2021 - 2031 |
11.2 Russia Electric Truck Market, Revenues & Volume, By Type, 2021 - 2031 |
11.3 Russia Electric Truck Market, Revenues & Volume, By End User, 2021 - 2031 |
11.4 Russia Electric Truck Market, Revenues & Volume, By Range, 2021 - 2031 |
11.5 Russia Electric Truck Market, Revenues & Volume, By Battery Capacity, 2021 - 2031 |
11.6 Russia Electric Truck Market, Revenues & Volume, By Payload Capacity, 2021 - 2031 |
11.7 Russia Electric Truck Market, Revenues & Volume, By Level of Automation, 2021 - 2031 |
12 Spain Electric Truck Market, 2021 - 2031 |
12.1 Spain Electric Truck Market, Revenues & Volume, By Propulsion Type, 2021 - 2031 |
12.2 Spain Electric Truck Market, Revenues & Volume, By Type, 2021 - 2031 |
12.3 Spain Electric Truck Market, Revenues & Volume, By End User, 2021 - 2031 |
12.4 Spain Electric Truck Market, Revenues & Volume, By Range, 2021 - 2031 |
12.5 Spain Electric Truck Market, Revenues & Volume, By Battery Capacity, 2021 - 2031 |
12.6 Spain Electric Truck Market, Revenues & Volume, By Payload Capacity, 2021 - 2031 |
12.7 Spain Electric Truck Market, Revenues & Volume, By Level of Automation, 2021 - 2031 |
13 Rest of Europe Electric Truck Market, 2021 - 2031 |
13.1 Rest of Europe Electric Truck Market, Revenues & Volume, By Propulsion Type, 2021 - 2031 |
13.2 Rest of Europe Electric Truck Market, Revenues & Volume, By Type, 2021 - 2031 |
13.3 Rest of Europe Electric Truck Market, Revenues & Volume, By End User, 2021 - 2031 |
13.4 Rest of Europe Electric Truck Market, Revenues & Volume, By Range, 2021 - 2031 |
13.5 Rest of Europe Electric Truck Market, Revenues & Volume, By Battery Capacity, 2021 - 2031 |
13.6 Rest of Europe Electric Truck Market, Revenues & Volume, By Payload Capacity, 2021 - 2031 |
13.7 Rest of Europe Electric Truck Market, Revenues & Volume, By Level of Automation, 2021 - 2031 |
14 Europe Electric Truck Market Key Performance Indicators |
15 Europe Electric Truck Market - Opportunity Assessment |
15.1 Europe Electric Truck Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Europe Electric Truck Market Opportunity Assessment, By Propulsion Type, 2021 & 2031F |
15.3 Europe Electric Truck Market Opportunity Assessment, By Type, 2021 & 2031F |
15.4 Europe Electric Truck Market Opportunity Assessment, By End User, 2021 & 2031F |
15.5 Europe Electric Truck Market Opportunity Assessment, By Range, 2021 & 2031F |
15.6 Europe Electric Truck Market Opportunity Assessment, By Battery Capacity, 2021 & 2031F |
15.7 Europe Electric Truck Market Opportunity Assessment, By Payload Capacity, 2021 & 2031F |
15.8 Europe Electric Truck Market Opportunity Assessment, By Level of Automation, 2021 & 2031F |
16 Europe Electric Truck Market - Competitive Landscape |
16.1 Europe Electric Truck Market Revenue Share, By Companies, 2021 |
16.2 Europe Electric Truck Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |