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Europe Electric Truck Market, By Propulsion Type (BEV (Battery Electric Vehicle), PHEV (Plug-in Hybrid Electric Vehicle), FCEV (Fuel Cell Electric Vehicle)); By Type (Light Duty Trucks, Medium Duty Trucks, Heavy Duty Trucks); By End User (Last-Mile Deliv

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from $3,599 200 Pages BlueWeave Consulting February, 2024 BLWC18632525
Best Price Guarantee
Price from $3,599
Length 200 Pages
Publisher BlueWeave Consulting
Published Date February, 2024
SKU BLWC18632525

Europe Electric Truck Market, By Propulsion Type (BEV (Battery Electric Vehicle), PHEV (Plug-in Hybrid Electric Vehicle), FCEV (Fuel Cell Electric Vehicle)); 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 (Up to 200 Miles, Above 200 Miles); By Battery Capacity (Less Than 50 kWh, 50–250 kWh, Above 250 kWh); By Country (Germany, United Kingdom, Italy, France, Spain, Belgium, Russia, Netherlands, Rest of Europe), Trend Analysis, Competitive Landscape & Forecast, 2019–2030


Europe Electric Truck Market Size Zooming 11.8X at Robust CAGR of 42.36% During 2024–2030 to Touch USD 8.65 Billion by 2030
Europe Electric Truck Market due to an increasing demand for sustainable transportation solutions, advancements in electric vehicle technology, governments’ supportive incentives, and stringent emissions regulations driven growing environmental awareness.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Europe Electric Truck Market size at USD 0.73 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Europe Electric Truck Market size to grow at a CAGR of 42.36% reaching a value of USD 8.65 billion by 2030. The Europe Electric Truck Market is propelled by stringent emissions regulations, a growing focus on sustainability, and government incentives promoting electric vehicle adoption. Rising environmental concerns and the need to reduce carbon footprints are driving fleet operators to embrace electric trucks. Advancements in battery technology, improving charging infrastructure, and decreasing battery costs contribute to market growth. Additionally, heightened consumer demand for eco-friendly transportation solutions and a shift toward cleaner energy sources in logistics further stimulate the high growth of Electric Truck Market in Europe. These combined factors create a conducive environment for the widespread adoption of electric trucks across the continent.
Opportunity – Rapid expansion of charging infrastructure
As the demand for sustainable transportation grows, the pivotal growth driver for the Europe Electric Truck Market is the relentless expansion of charging infrastructure. Governments and private stakeholders are investing significantly in a robust network of charging stations, alleviating range anxiety and accelerating the adoption of electric trucks. The infrastructure surge enhances the feasibility of electric trucks but also positions the market for substantial growth, propelling the continent toward a cleaner and more efficient future.


Impact of Escalating Geopolitical Tensions on Europe Electric Truck Market
Escalating geopolitical tensions in Europe have significantly impacted the Electric Truck Market in the region. Increased uncertainties, trade restrictions, and geopolitical rivalries have disrupted the supply chain, leading to delays in the manufacturing and delivery of electric trucks. Instances of heightened political friction, such as trade disputes and sanctions, have resulted in increased production costs, affecting the market’s overall profitability. Additionally, shifting alliances and geopolitical dynamics have influenced investment patterns, deterred potential investors, and hindered market growth. The Europe Electric Truck Market faces the challenge of navigating through geopolitical uncertainties, requiring adaptability and strategic planning to mitigate the adverse effects on production, distribution, and market expansion.
Europe Electric Truck Market
Segmental Coverage
Europe Electric Truck Market – By Propulsion Type
Based on propulsion type, Europe Electric Truck Market is divided into Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), and Fuel Cell Electric Vehicle (FCEV) segments. The BEV segment is the largest in the Europe Electric Truck Market by propulsion type. This indicates a predominant focus on fully electric trucks powered solely by batteries, reflecting the growing emphasis on sustainable and eco-friendly transportation solutions in the European market. The BEV segment's prominence underscores the region's commitment to reducing emissions and transitioning towards cleaner energy alternatives in the commercial transportation sector.
Europe Electric Truck Market – By Type
By type, Europe Electric Truck Market is divided into Light Duty Trucks, Medium Duty Trucks, and Heavy Duty Trucks segments. The heavy duty trucks segment dominates the market, followed by medium duty trucks and light duty trucks. The heavy duty trucks segment represents a substantial portion of the market, reflecting the growing demand for electric solutions in the transportation of goods and freight. The segment's prominence underscores the industry's focus on addressing sustainability challenges in the logistics and transportation sector, with a particular emphasis on larger, more robust electric truck models designed for heavy-duty applications.
Competitive Landscape
Europe Electric Truck Market is fiercely competitive. Major companies in the market include Volvo Group, Daimler Truck AG, Scania AB, Renault Trucks, MAN Trucks & Buses, DAF Trucks NV, Tevva Motors Limited, IVECO SpA, E-Force One AG, and Tesla Motors Inc. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Europe Electric Truck Market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Europe Electric Truck Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in Europe Electric Truck Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.


1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Europe Electric Truck Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Stricter emission regulations
3.2.1.2. Growing government incentives
3.2.1.3. Rising fuel costs
3.2.2. Restraints
3.2.2.1. Limited availability of key components
3.2.2.2. Slower adoption in long-haul trucking
3.2.3. Opportunities
3.2.3.1. Expanding charging infrastructure
3.2.3.2. Growing demand for heavy-duty electric trucks
3.2.4. Challenges
3.2.4.1. Limited range and charging infrastructure
3.2.4.2. Payload and performance limitations
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Europe Electric Truck Market Overview
4.1. Market Size & Forecast, 2019–2030
4.1.1. By Value (USD Billion)
4.2. Market Share and Forecast
4.2.1. By Propulsion Type
4.2.1.1. BEV (Battery Electric Vehicle)
4.2.1.2. PHEV (Plug-in Hybrid Electric Vehicle)
4.2.1.3. FCEV (Fuel Cell Electric Vehicle)
4.2.2. By Type
4.2.2.1. Light Duty Trucks
4.2.2.2. Medium Duty Trucks
4.2.2.3. Heavy Duty Trucks
4.2.3. By End User
4.2.3.1. Last-Mile Delivery
4.2.3.2. Long Haul Transportation
4.2.3.3. Refuse Services
4.2.3.4. Field Services
4.2.3.5. Distribution Services
4.2.4. By Range
4.2.4.1. Up to 200 Miles
4.2.4.2. Above 200 Miles
4.2.5. By Battery Capacity
4.2.5.1. Less Than 50 kWh
4.2.5.2. 50–250 kWh
4.2.5.3. Above 250 kWh
4.2.6. By Country
4.2.6.1. Germany
4.2.6.2. United Kingdom
4.2.6.3. Italy
4.2.6.4. France
4.2.6.5. Spain
4.2.6.6. Belgium
4.2.6.7. Russia
4.2.6.8. The Netherlands
4.2.6.9. Rest of Europe
5. Germany Electric Truck Market
5.1. Market Size & Forecast, 2019–2030
5.1.1. By Value (USD Billion)
5.2. Market Share & Forecast
5.2.1. By Propulsion Type
5.2.2. By Type
5.2.3. By End User
5.2.4. By Range
5.2.5. By Battery Capacity
6. United Kingdom Electric Truck Market
6.1. Market Size & Forecast, 2019–2030
6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
6.2.1. By Propulsion Type
6.2.2. By Type
6.2.3. By End User
6.2.4. By Range
6.2.5. By Battery Capacity
7. Italy Electric Truck Market
7.1. Market Size & Forecast, 2019–2030
7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
7.2.1. By Propulsion Type
7.2.2. By Type
7.2.3. By End User
7.2.4. By Range
7.2.5. By Battery Capacity
8. France Electric Truck Market
8.1. Market Size & Forecast, 2019–2030
8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
8.2.1. By Propulsion Type
8.2.2. By Type
8.2.3. By End User
8.2.4. By Range
8.2.5. By Battery Capacity
9. Spain Electric Truck Market
9.1. Market Size & Forecast, 2019–2030
9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
9.2.1. By Propulsion Type
9.2.2. By Type
9.2.3. By End User
9.2.4. By Range
9.2.5. By Battery Capacity
10. Belgium Electric Truck Market
10.1. Market Size & Forecast, 2019–2030
10.1.1. By Value (USD Billion)
10.2. Market Share & Forecast
10.2.1. By Propulsion Type
10.2.2. By Type
10.2.3. By End User
10.2.4. By Range
10.2.5. By Battery Capacity
11. Russia Electric Truck Market
11.1. Market Size & Forecast, 2019–2030
11.1.1. By Value (USD Billion)
11.2. Market Share & Forecast
11.2.1. By Propulsion Type
11.2.2. By Type
11.2.3. By End User
11.2.4. By Range
11.2.5. By Battery Capacity
12. The Netherlands Electric Truck Market
12.1. Market Size & Forecast, 2019–2030
12.1.1. By Value (USD Billion)
12.2. Market Share & Forecast
12.2.1. By Propulsion Type
12.2.2. By Type
12.2.3. By End User
12.2.4. By Range
12.2.5. By Battery Capacity
13. Rest of Europe Electric Truck Market
13.1. Market Size & Forecast, 2019–2030
13.1.1. By Value (USD Billion)
13.2. Market Share & Forecast
13.2.1. By Propulsion Type
13.2.2. By Type
13.2.3. By End User
13.2.4. By Range
13.2.5. By Battery Capacity
14. Competitive Landscape
14.1. List of Key Players and Their Offerings
14.2. Europe Electric Truck Market Share Analysis, 2023
14.3. Competitive Benchmarking, By Operating Parameters
14.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
15. Impact of Escalating Geopolitical Tensions on Europe Electric Truck Market
16. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
16.1. Volvo Group
16.2. Daimler Truck AG
16.3. Scania AB
16.4. Renault Trucks
16.5. MAN Trucks & Buses
16.6. DAF Trucks NV
16.7. Tevva Motors Limited
16.8. IVECO SpA
16.9. E-Force One AG
16.10. Tesla Motors Inc.
16.11. Other Prominent Players
17. Key Strategic Recommendations
18. Research Methodology
18.1. Qualitative Research
18.1.1. Primary & Secondary Research
18.2. Quantitative Research
18.3. Market Breakdown & Data Triangulation
18.3.1. Secondary Research
18.3.2. Primary Research
18.4. Breakdown of Primary Research Respondents, By Region
18.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
Figure 1 Europe Electric Truck Market Segmentation
Figure 2 Europe Electric Truck Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 Europe Electric Truck Market Size, By Value (USD Billion), 2019–2030
Figure 5 Europe Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030
Figure 6 Europe Electric Truck Market Share, By Type, By Value, 2019–2030
Figure 7 Europe Electric Truck Market Share, By End User, By Value, 2019–2030
Figure 8 Europe Electric Truck Market Share, By Range, By Value, 2019–2030
Figure 9 Europe Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030
Figure 11 Europe Electric Truck Market Share, By Country, By Value, 2019–2030
Figure 12 Germany Electric Truck Market Size, By Value (USD Billion), 2019–2030
Figure 13 Germany Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030
Figure 14 Germany Electric Truck Market Share, By Type, By Value, 2019–2030
Figure 15 Germany Electric Truck Market Share, By End User, By Value, 2019–2030
Figure 16 Germany Electric Truck Market Share, By Range, By Value, 2019–2030
Figure 17 Germany Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030
Figure 19 United Kingdom Electric Truck Market Size, By Value (USD Billion), 2019–2030
Figure 20 United Kingdom Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030
Figure 21 United Kingdom Electric Truck Market Share, By Type, By Value, 2019–2030
Figure 22 United Kingdom Electric Truck Market Share, By End User, By Value, 2019–2030
Figure 23 United Kingdom Electric Truck Market Share, By Range, By Value, 2019–2030
Figure 24 United Kingdom Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030
Figure 25 Italy Electric Truck Market Size, By Value (USD Billion), 2019–2030
Figure 26 Italy Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030
Figure 27 Italy Electric Truck Market Share, By Type, By Value, 2019–2030
Figure 28 Italy Electric Truck Market Share, By End User, By Value, 2019–2030
Figure 29 Italy Electric Truck Market Share, By Range, By Value, 2019–2030
Figure 30 Italy Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030
Figure 31 France Electric Truck Market Size, By Value (USD Billion), 2019–2030
Figure 32 France Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030
Figure 33 France Electric Truck Market Share, By Type, By Value, 2019–2030
Figure 34 France Electric Truck Market Share, By End User, By Value, 2019–2030
Figure 35 France Electric Truck Market Share, By Range, By Value, 2019–2030
Figure 36 France Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030
Figure 37 Spain Electric Truck Market Size, By Value (USD Billion), 2019–2030
Figure 38 Spain Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030
Figure 39 Spain Electric Truck Market Share, By Type, By Value, 2019–2030
Figure 40 Spain Electric Truck Market Share, By End User, By Value, 2019–2030
Figure 41 Spain Electric Truck Market Share, By Range, By Value, 2019–2030
Figure 42 Spain Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030
Figure 43 The Netherlands Electric Truck Market Size, By Value (USD Billion), 2019–2030
Figure 44 The Netherlands Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030
Figure 45 The Netherlands Electric Truck Market Share, By Type, By Value, 2019–2030
Figure 46 The Netherlands Electric Truck Market Share, By End User, By Value, 2019–2030
Figure 47 The Netherlands Electric Truck Market Share, By Range, By Value, 2019–2030
Figure 48 The Netherlands Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030
Figure 49 Belgium Electric Truck Market Size, By Value (USD Billion), 2019–2030
Figure 50 Belgium Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030
Figure 51 Belgium Electric Truck Market Share, By Type, By Value, 2019–2030
Figure 52 Belgium Electric Truck Market Share, By End User, By Value, 2019–2030
Figure 53 Belgium Electric Truck Market Share, By Range, By Value, 2019–2030
Figure 54 Belgium Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030
Figure 55 NORDIC Countries Electric Truck Market Size, By Value (USD Billion), 2019–2030
Figure 56 NORDIC Countries Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030
Figure 57 NORDIC Countries Electric Truck Market Share, By Type, By Value, 2019–2030
Figure 58 NORDIC Countries Electric Truck Market Share, By End User, By Value, 2019–2030
Figure 59 NORDIC Countries Electric Truck Market Share, By Range, By Value, 2019–2030
Figure 60 NORDIC Countries Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030
Figure 61 Rest of Europe Electric Truck Market Size, By Value (USD Billion), 2019–2030
Figure 62 Rest of Europe Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030
Figure 63 Rest of Europe Electric Truck Market Share, By Type, By Value, 2019–2030
Figure 64 Rest of Europe Electric Truck Market Share, By End User, By Value, 2019–2030
Figure 65 Rest of Europe Electric Truck Market Share, By Range, By Value, 2019–2030
Figure 66 Rest of Europe Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030
List of Tables
Table 1 Europe Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030
Table 2 Europe Electric Truck Market Share, By Type, By Value, 2019–2030
Table 3 Europe Electric Truck Market Share, By End User, By Value, 2019–2030
Table 4 Europe Electric Truck Market Share, By Range, By Value, 2019–2030
Table 5 Europe Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030
Table 6 Europe Electric Truck Market Share, By Country, By Value, 2019–2030
Table 7 Germany Electric Truck Market Size, By Value (USD Billion), 2019–2030
Table 8 Germany Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030
Table 9 Germany Electric Truck Market Share, By Type, By Value, 2019–2030
Table 10 Germany Electric Truck Market Share, By End User, By Value, 2019–2030
Table 11 Germany Electric Truck Market Share, By Range, By Value, 2019–2030
Table 12 Germany Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030
Table 13 United Kingdom Electric Truck Market Size, By Value (USD Billion), 2019–2030
Table 14 United Kingdom Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030
Table 15 United Kingdom Electric Truck Market Share, By Type, By Value, 2019–2030
Table 16 United Kingdom Electric Truck Market Share, By End User, By Value, 2019–2030
Table 17 United Kingdom Electric Truck Market Share, By Range, By Value, 2019–2030
Table 18 United Kingdom Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030
Table 19 Italy Electric Truck Market Size, By Value (USD Billion), 2019–2030
Table 20 Italy Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030
Table 21 Italy Electric Truck Market Share, By Type, By Value, 2019–2030
Table 22 Italy Electric Truck Market Share, By End User, By Value, 2019–2030
Table 23 Italy Electric Truck Market Share, By Range, By Value, 2019–2030
Table 24 Italy Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030
Table 25 France Electric Truck Market Size, By Value (USD Billion), 2019–2030
Table 26 France Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030
Table 27 France Electric Truck Market Share, By Type, By Value, 2019–2030
Table 28 France Electric Truck Market Share, By End User, By Value, 2019–2030
Table 29 France Electric Truck Market Share, By Range, By Value, 2019–2030
Table 30 France Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030
Table 31 Spain Electric Truck Market Size, By Value (USD Billion), 2019–2030
Table 32 Spain Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030
Table 33 Spain Electric Truck Market Share, By Type, By Value, 2019–2030
Table 34 Spain Electric Truck Market Share, By End User, By Value, 2019–2030
Table 35 Spain Electric Truck Market Share, By Range, By Value, 2019–2030
Table 36 Spain Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030
Table 37 The Netherlands Electric Truck Market Size, By Value (USD Billion), 2019–2030
Table 38 The Netherlands Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030
Table 39 The Netherlands Electric Truck Market Share, By Type, By Value, 2019–2030
Table 40 The Netherlands Electric Truck Market Share, By End User, By Value, 2019–2030
Table 41 The Netherlands Electric Truck Market Share, By Range, By Value, 2019–2030
Table 42 The Netherlands Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030
Table 43 Belgium Electric Truck Market Size, By Value (USD Billion), 2019–2030
Table 44 Belgium Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030
Table 45 Belgium Electric Truck Market Share, By Type, By Value, 2019–2030
Table 46 Belgium Electric Truck Market Share, By End User, By Value, 2019–2030
Table 47 Belgium Electric Truck Market Share, By Range, By Value, 2019–2030
Table 48 Belgium Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030
Table 49 NORDIC Countries Electric Truck Market Size, By Value (USD Billion), 2019–2030
Table 50 NORDIC Countries Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030
Table 51 NORDIC Countries Electric Truck Market Share, By Type, By Value, 2019–2030
Table 52 NORDIC Countries Electric Truck Market Share, By End User, By Value, 2019–2030
Table 53 NORDIC Countries Electric Truck Market Share, By Range, By Value, 2019–2030
Table 54 NORDIC Countries Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030
Table 55 Rest of Europe Electric Truck Market Size, By Value (USD Billion), 2019–2030
Table 56 Rest of Europe Electric Truck Market Share, By Propulsion Type, By Value, 2019–2030
Table 57 Rest of Europe Electric Truck Market Share, By Type, By Value, 2019–2030
Table 58 Rest of Europe Electric Truck Market Share, By End User, By Value, 2019–2030
Table 59 Rest of Europe Electric Truck Market Share, By Range, By Value, 2019–2030
Table 60 Rest of Europe Electric Truck Market Share, By Battery Capacity, By Value, 2019–2030
Table 61 Volvo Group Company Overview
Table 62 Volvo Group Financial Overview
Table 63 Daimler Truck AG Company Overview
Table 64 Daimler Truck AG Financial Overview
Table 65 Scania AB Company Overview
Table 66 Scania AB Financial Overview
Table 67 Renault Trucks Company Overview
Table 68 Renault Trucks Financial Overview
Table 69 MAN Trucks & Buses Company Overview
Table 70 MAN Trucks & Buses Financial Overview
Table 71 DAF Trucks NV Company Overview
Table 72 DAF Trucks NV Financial Overview
Table 73 Tevva Motors Limited Company Overview
Table 74 Tevva Motors Limited Financial Overview
Table 75 IVECO SpA Company Overview
Table 76 IVECO SpA Financial Overview
Table 77 E-Force One AG Company Overview
Table 78 E-Force One AG Financial Overview
Table 79 Tesla Motors Inc. Company Overview
Table 80 Tesla Motors Inc. Financial Overview
Table 81 Other Prominent Players Company Overview
Table 82 Other Prominent Players Financial Overview

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