Frost Radar™: Electric Medium- and Heavy-Duty Trucks in North America, 2024

Frost Radar™: Electric Medium- and Heavy-Duty Trucks in North America, 2024

A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines

The four megatrends driving transformation in the commercial vehicle (CV) industry are connected, autonomous, shared, and electric (CASE). Digital transformation through CV innovation will help to achieve a cleaner, safer, and more sustainable environment, with a proliferation of electric CVs expected in the upcoming decade.

Tesla, Nikola Motors, and XoS Trucks are the Growth Index leaders on this Frost Radar™. These companies demonstrate technological credibility, robust product portfolios, and wide networks of sales and distribution partners to ensure a sustainable market presence.

Tesla, Terraline, and Lion Electric are the Innovation Index leaders. These companies demonstrate high levels of technological innovation, more patents, and novel ideas and concepts to disrupt the industry.

Tesla’s massive investment in research, aggressive implementation plans, and technical superiority position it as the undisputed leader driving the automotive industry’s shift toward electrification. Electric start-up Nikola Motors distinguishes itself with its goal to create a hydrogen-based transportation ecosystem, covering sales, hydrogen fueling stations, and maintenance.

Workhorse, Motiv Electric Trucks, and Bollinger Motors each report healthy growth rates and innovation in key areas and merit being mentioned on the Frost Radar™.

Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.