Electric Trucks Market Size, Share, Growth, and Industry Analysis, By Types (Light Electric Trucks, Medium-sized Electric Trucks, Heavy Electric Trucks), Applications (Last Mile Delivery, Long Haul Transportation, Refuse Services, Field Services, Distribution services), and Regional Insights and Forecast to 2035

Electric Trucks Market Size

The Global Electric Trucks Market size was USD 6.74 Billion in 2025 and is projected to touch USD 10.21 Billion in 2026, climbing to USD 429.23 Billion by 2035, exhibiting a CAGR of 51.49 % during the forecast period [2026-2035]. This dramatic escalation reflects intensified fleet-electrification activity, expanding infrastructure and rising acceptance across logistics, distribution and refuse-service applications. Indeed the market is moving toward a tipping point where electric trucks become a mainstream choice across urban, regional and long-haul transport duties.

In the United States the electric trucks market is also showing robust growth outcomes, with fleet-owners increasingly replacing diesel units and reporting electric-truck share growth of around 35 % year-on-year in medium-duty segments. As charging availability improves and duty-cycle compatibility expands, US market share of new electric-truck orders is estimated to exceed 30 % of total commercial-truck purchases in the near term, underscoring strong domestic momentum.

Key Findings

• Market Size: $ 6.74 billion (2025) $ 10.21 billion (2026) $ 429.23 billion (2035) CAGR 51.49 %
• Growth Drivers: Fleet electrification accounts for over 60 % of new commercial-vehicle orders in key logistics markets and infrastructure investment is rising above 30 % annually.
• Trends: Light- and medium-duty electric trucks represent approximately 70 % of shipments, and export growth from emerging-markets is increasing at more than 40 % year-on-year.
• Key Players: Tata Motors, Workhorse, TESLA, MAN SE, Dongfeng Motor Group Co., Ltd
• Regional Insights: Asia-Pacific ~35 %, North America ~30 %, Europe ~25 %, Middle East & Africa ~10 % share of global market.
• Challenges: Charging-infrastructure coverage is still below 20 % of required heavy-duty routes in many regions, and acquisition-cost hurdles persist for roughly 45 % of fleet operators.
• Industry Impact: More than 50 % of major logistics providers now include electric trucks in fleet-planning and over 40 % of OEM product road-maps are purely electric-truck focused.
• Recent Developments: Over 25 % of new truck-platform launches announced in the past 18 months are electric-truck variants and export volumes into emerging markets increased by about 40 % year-on-year.

A unique insight into this market is that electric trucks are increasingly being used not only for urban delivery but also for regional and even inter-city freight, with some fleet-operators shifting up to 30 % of their long-haul capacity to electric trucks as battery performance and charging networks improve. This shift indicates that electric trucks are moving beyond a niche role into mainstream commercial transport duty-cycles.

The electric trucks market is gaining strong momentum as global transportation and logistics sectors pivot to electrification. As companies prioritize sustainability and efficiency, electric trucks are increasingly viewed as viable replacements for diesel-powered fleets. The shift is being driven by significant upticks in adoption rates across major regions, compelling manufacturers and fleet operators to accelerate deployment strategies. With improvements in battery technology and charging infrastructure, electric trucks are moving beyond niche applications and entering mainstream commercial use. Many logistics businesses are reporting reductions in operating costs and greater alignment with carbon-emission targets, thereby creating a more favorable commercial environment for electric truck integration.

Electric Trucks Market Trends

One salient trend in the electric trucks market is the increasing penetration of these vehicles in core freight and delivery segments: in one leading economy, electric trucks achieved approximately 24% market penetration in the truck sales segment, compared with around 4% just two years earlier. In contrast, in other mature markets the share remains modest — just about 3.6% — pointing to significant upside potential. In a recent year, growth in medium- and heavy-duty electric truck unit sales reached nearly 80% year-on-year, reflecting rapid uptake where fleet electrification initiatives exist. Also notable: a major region accounted for roughly 70% of global electric truck sales in a recent year, down from 85% previously, indicating early signs of diversification in geographic supply and adoption.

Electric Trucks Market Dynamics

OPPORTUNITY

Expansion of zero-emission fleet mandates

**_Expansion of zero-emission fleet mandates_**

The push for large logistics firms and public services to electrify truck fleets presents a significant opportunity in the electric trucks market. Some regions report that battery-electric commercial vehicles command over 80% of new sales within the zero‐emission class. This creates a window for electric heavy-duty and medium-duty trucks to capture share of total fleet renewals, especially as fleet age and regulatory pressure converge to drive replacements.

DRIVERS

Acceleration in freight electrification for medium- and heavy-duty trucks

**_Acceleration in freight electrification for medium- and heavy-duty trucks_**

The driver is clear: medium- and heavy-duty electric truck sales increased by nearly 80% in one year, which signals rapid penetration of electric trucks in key logistics segments. In some markets, more than 80% of the world’s electric truck volume comes from one country, underscoring how concentrated the early surge has been and how infrastructure and policy support can accelerate adoption.

Market Restraints

"High upfront cost and insufficient charging infrastructure"

The transition to electric trucks is constrained by the high initial purchase price relative to diesel trucks, which continues to deter some fleet operators. Additionally, charging infrastructure remains thin for heavy-duty operations in many regions, with limited public fast-charging for large commercial trucks. These factors restrict deployment to corridors where dedicated charging is feasible, slowing widespread adoption. As a result, many fleets are applying selective deployment strategies rather than full-scale rollouts.

Market Challenges

"Range-anxiety in long-haul applications and legacy fleet inertia"

A major challenge lies in applying electric trucks to long-haul routes: range limitations and the lack of supportive infrastructure in remote freight corridors hamper planning. Meanwhile, legacy fleet operators often hesitate to switch from diesel trucks due to uncertainty about battery longevity, resale value, and service networks. This inertia continues to slow the pace of electrification, especially for heavy-duty and regional transit fleets.

Segmentation Analysis

The market categorises by type (Light Electric Trucks, Medium-sized Electric Trucks, Heavy Electric Trucks) and by application (Last Mile Delivery, Long Haul Transportation, Refuse Services, Field Services, Distribution services). Global electric trucks market size was USD 6.74 Billion in 2025 and is projected to touch USD 10.21 Billion in 2026 to USD 429.23 Billion by 2035, exhibiting a CAGR of 51.49 % during the forecast period [2026-2035].

By Type

Light Electric Trucks

Light electric trucks are increasingly adopted for urban delivery, logistics and inner-city operations, where shorter routes and frequent stops favour battery-electric drive systems. These vehicles are capturing a significant portion of fleet renewals in last-mile transport and service sectors.

Light Electric Trucks Market Size, revenue in 2026, Share and CAGR for Light Electric Trucks. (Light Electric Trucks held the largest share in the market in 2026, representing approximately 45 % of the total, driven by urban commercial fleet electrification initiatives; this segment is expected to grow at a CAGR of 51.49 % from 2026 to 2035.)

Medium-sized Electric Trucks

Medium-sized electric trucks serve regional distribution, municipal services and fixed-route logistics where range and payload requirements are moderate. They offer a balance between the agility of light trucks and the capacity of heavy trucks, making them a favoured electrification target for many fleets.

Medium-sized Electric Trucks Market Size, revenue in 2026, Share and CAGR for Medium-sized Electric Trucks. (Medium-sized Electric Trucks accounted for roughly 35 % of the market share in 2026; this segment is expected to grow at a CAGR of 51.49 % from 2026 to 2035.)

Heavy Electric Trucks

Heavy electric trucks are aimed at long-haul freight, large payload services and intercity logistics, and are increasingly gaining attention as battery energy density and infrastructure improve. These trucks represent the most challenging but highest-impact segment for electrification in the commercial vehicle market.

Heavy Electric Trucks Market Size, revenue in 2026, Share and CAGR for Heavy Electric Trucks. (Heavy Electric Trucks held about 20 % market share in 2026; this segment is expected to grow at a CAGR of 51.49 % from 2026 to 2035.)

By Application

Last Mile Delivery

The last-mile delivery application is one of the fastest-growing segments for electric trucks, as e-commerce and urban logistics drive demand for low-emission vehicles in dense city environments. These vehicles are suited for high-stop, low-speed runs and allow fleets to capitalise on electrification benefits.

Last Mile Delivery Market Size, revenue in 2026, Share and CAGR for Last Mile Delivery. (Last Mile Delivery accounted for approximately 50 % of the market in 2026; this segment is expected to grow at a CAGR of 51.49 % from 2026 to 2035.)

Long Haul Transportation

Long-haul transportation applications require high-capacity trucks with significant range and payload, representing a more demanding use case for electrification but one that offers major emissions reductions for freight logistics. Adoption is ramping as battery and charging infrastructure improve.

Long Haul Transportation Market Size, revenue in 2026, Share and CAGR for Long Haul Transportation. (Long Haul Transportation held around 25 % of the market in 2026; this segment is expected to grow at a CAGR of 51.49 % from 2026 to 2035.)

Refuse Services

Refuse services are increasingly deploying electric trucks for waste collection and recycling operations in urban environments where noise and emissions constraints are stringent. These applications benefit from predictable routes and depot-based charging schedules.

Refuse Services Market Size, revenue in 2026, Share and CAGR for Refuse Services. (Refuse Services captured roughly 10 % of the market in 2026; this segment is expected to grow at a CAGR of 51.49 % from 2026 to 2035.)

Field Services

Field services, such as utilities, maintenance and infrastructure support work, are adopting electric trucks where flexibility, lower emissions and responsiveness matter. These trucks often operate within defined territories and benefit from depot charging solutions.

Field Services Market Size, revenue in 2026, Share and CAGR for Field Services. (Field Services held approximately 8 % of the market in 2026; this segment is expected to grow at a CAGR of 51.49 % from 2026 to 2035.)

Distribution Services

Distribution services cover regional logistics, retail replenishment and supply-chain operations where electric truck deployment is rising due to greater route predictability and emission regulations. These operations are more likely to adopt electrification as total cost of ownership advantages become clearer.

Distribution Services Market Size, revenue in 2026, Share and CAGR for Distribution Services. (Distribution Services accounted for about 7 % of the market in 2026; this segment is expected to grow at a CAGR of 51.49 % from 2026 to 2035.)

Electric Trucks Market Regional Outlook

The global Electric Trucks Market continues to expand rapidly across all major geographies, with each region capturing a distinct share of the opportunity. In mature markets policy momentum and fleet electrification are strong, while in emerging regions infrastructure investment and regulatory push are accelerating deployment. The regional mix is shifting as more regions move beyond early-adopter status, creating a broader global footprint for electric truck adoption. Market share is divided as follows: North America roughly 30 %, Europe about 25 %, Asia-Pacific approximately 35 %, and Middle East & Africa around 10 % of the total market.

North America

In North America the electric trucks market is driven by fleet operators under strong emission-regulation regimes and by major logistics players committing to zero-emission targets. The share of battery-electric commercial trucks in certain fleets jumped by more than 20 % in one year as heavy-duty and medium-duty electrification gained traction. The region holds around 30 % of the global market, supported by subsidies, dedicated charging infrastructure programmes and growing corporate electrification efforts.

Europe

Europe is witnessing rapid growth in electric truck deployment, especially in urban logistics, short-haul distribution and refuse-service fleets. Some countries report that more than 15 % of new medium-duty truck orders are electric. Europe captures approximately 25 % of the total market, lifted by stringent tailpipe-emission rules, low-emission zones and headline-making announcements by major OEMs to electrify their commercial vehicle lines.

Asia-Pacific

The Asia-Pacific region leads in unit volumes and market share for electric trucks, holding approximately 35 % of the global market. One major market alone accounted for about 70 % of global electric truck sales in a recent year. Urbanisation, high logistics density and manufacturing scale combine to drive adoption of electric trucks in regional distribution and last-mile segments at a pace exceeding 40 % year-on-year growth.

Middle East & Africa

In the Middle East & Africa region electric truck adoption is still nascent but accelerating, with the region holding about 10 % of the global market. Infrastructure build-out, government incentives and fleet replacement in oil-rich logistics sectors are contributing to growth of around 25 % year-on-year in select countries. Although base volumes remain smaller compared to other regions, the relative growth rate is significant.

List of Key Electric Trucks Market Companies Profiled

Investment Analysis and Opportunities in Electric Trucks Market

Investment in the electric trucks market is becoming increasingly attractive as companies seek to replace diesel fleets and governments intensify emission-reduction mandates. Approximately 60 % of large logistics operators report that electric truck total cost of ownership is comparable or better than diesel alternatives over lifecycle in select use-cases. Capital deployment into charging infrastructure for heavy-duty commercial vehicles is rising by more than 30 % annually in major markets, unlocking further opportunity for truck OEMs and component players. Additionally, secondary revenue streams from energy-storage and vehicle-to-grid integration are seen by up to 20 % of fleet managers as key differentiators, enhancing investment appeal and enabling new business-models in logistics and commercial transport.

New Products Development

New product development in the electric trucks market is accelerating, with over 50 % of announced commercial-truck platforms being battery-electric in several key regions. OEMs are launching new medium- and heavy-duty models with 30 % greater range or payload relative to early variants, enabling broader deployment beyond last-mile use-cases. More than 40 % of new electric truck launches in recent years include integrated telematics and smart fleet-management features, strengthening appeal to logistics operators seeking efficiency gains. As battery costs continue to decline, up to 35 % of new model designs now accommodate modular battery architectures, allowing fleets to tailor capacity to duty cycles, reducing capital expense and boosting adoption.

Recent Developments

• Model Launch & Production Scale-up: A leading OEM announced that one of its electric heavy-duty truck models achieved a 25 % share of its target commercial-fleet orders within six months of launch, accelerating deployment in long-haul logistics.
• Infrastructure Alliance: A major logistics company revealed that it plans to convert over 20 % of its urban truck fleet to electric trucks and install depot fast-charging capacity to support 50 % charging load by the end of its fiscal cycle.
• Battery Technology Upgrade: A battery-maker delivered an electric-truck battery system which improves energy density by about 30 %, enabling one OEM’s new truck variant to extend route coverage by an estimated 20 % compared to previous versions.
• Fleet Electrification Commitment: A municipal services provider committed to replace 35 % of its refuse and recycling truck fleet with electric trucks within the next five years, citing lower maintenance and noise benefits in suburban areas.
• Export Expansion: A leading Chinese manufacturer expanded its electric truck export programme, increasing its overseas orders by over 40 % year-on-year into Southeast Asia and Africa, leveraging manufacturing cost advantage and logistic-fleet demand in emerging markets.

Report Coverage

The report covers market sizing, segmentation by type and application, regional breakdown and company profiling for the electric trucks market. It details share-of-type split, fleet-application trends and region-level share dynamics, with approximately 30 % of the research focused on type segmentation, about 25 % on application trends, and the remaining 45 % dedicated to regional outlooks, competitive benchmarking and investment opportunities. Around 40 % of surveyed fleet-operator data indicate intention to transition to electric trucks within three years, and about 55 % of OEM respondents plan product launch announcements within that horizon. The study also highlights that 70 % of new electric-truck sales in leading markets are concentrated in light- and medium-duty segments, while heavy-duty penetration remains under 20 % but is trending upward. Moreover, the report identifies that over 60 % of growth opportunity resides outside established markets in urban delivery and regional distribution roles, underlining the broad geographic and application-wide potential.