Electric Truck Market Overview and Growth Trends
Electric Truck Market Size Was Valued at USD 3.19 Billion in 2023 and is Projected to Reach USD 14.39 Billion by 2032, Growing at a CAGR of 18.22% From 2024-2032.
Electric trucks often referred to as e-trucks, are commercial vehicles equipped with electric propulsion systems that replace traditional internal combustion engines. These trucks utilize electrically operated motors powered by batteries to drive, offering a cleaner and more environmentally friendly alternative to conventional diesel or gasoline-powered trucks.