Heavy-duty Electric Trucks Market Size, Share & Trends Analysis Report By Vehicle Class (Class 7, Class 8), By Propulsion Type (BEV, PHEV), By Application (Logistics and Delivery, Construction, Waste Management), By Region, and Segment Forecasts, 2026 - 2

Heavy-duty Electric Trucks Market Summary

The global heavy-duty electric trucks market size was estimated at USD 1.93 billion in 2025 and is projected to reach USD 6.45 billion by 2033, growing at a CAGR of 15.1% from 2026 to 2033. Heavy-duty electric trucks are designed for hauling heavy loads. They are the electric counterparts of conventional diesel-powered trucks used for long-distance freight hauling and construction and mining dump trucks.

With the growing emphasis on sustainable and eco-friendly practices, heavy-duty electric trucks are becoming increasingly prevalent in the freight, logistics, construction, and transport industries, providing a modern approach to meeting the demands of cargo transportation.

Heavy-duty electric trucks are transforming the transportation industry with their numerous benefits. Some of the benefits include reduced carbon footprint, enhanced performance, operational efficiency, quieter operations, economic advantages, and reduced maintenance needs. Heavy-duty electric trucks make a substantial impact on reducing CO2 emissions, thereby contributing to a cleaner environment. They provide a smoother driving experience with superior torque and acceleration compared to diesel trucks. In urban settings, particularly with frequent stops, heavy-duty electric trucks provide greater efficiency than their diesel counterparts. Their minimal noise levels enable operation with less disturbance, making them suitable for noise-sensitive areas and nighttime operations. Such benefits of heavy-duty electric trucks are expected to improve market growth.

Furthermore, governments worldwide provide incentives for purchasing heavy-duty electric trucks, such as tax credits, rebates, and grants, aimed at lowering the initial acquisition costs of these vehicles. For instance, the Inflation Reduction Act established a tax credit to incentivize the adoption of electric medium-duty and heavy-duty commercial vehicles. The Qualified Commercial Clean Vehicle tax credit provides up to USD 40,000 in tax credits for the purchase of eligible electric trucks and other large commercial vehicles acquired and placed into service on or after January 1, 2023. Thus, rising government support to promote the adoption of electric heavy-duty vehicles, such as electric trucks, is further propelling market growth.

The sales of heavy-duty vehicles, including all medium- and heavy-duty trucks, are gradually increasing across the globe. According to the International Energy Agency (IEA), electric truck sales saw a 35% increase in 2023 compared to 2022. China remains the major market, accounting for 70% of global sales in 2023, down from 85% in 2022. In Europe, electric truck sales nearly tripled in 2023, surpassing 10,000 units. The U.S. also experienced a threefold increase in electric truck sales, reaching 1,200 units. Thus, the growing production and sales of electric trucks across the globe are expected to contribute to market growth.

Despite the various benefits of heavy-duty electric trucks, high upfront costs, limited daily range, and higher operating costs under certain conditions could hamper market growth. Highway driving impacts the heavy-duty electric truck's battery, often necessitating frequent battery replacements. In addition, heavy-duty electric trucks have a limited range, demanding regular recharging of their batteries. This limitation can pose challenges for long-haul trucking operations that require prolonged periods of driving without access to charging stations. However, with ongoing advancements in heavy-duty electric trucks technology, the growth of the market is expected to increase from 2026 to 2033.

Global Heavy-duty Electric Trucks Market Report Segmentation

The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the heavy-duty electric trucks market based on vehicle class, propulsion type, application, and region:

• Vehicle Class Outlook (Volume, Units; Revenue, USD Million, 2021 - 2033)
• Class 7
• Class 8
• Propulsion Type Outlook (Volume, Units; Revenue, USD Million, 2021 - 2033)
• Battery Electric Vehicle (BEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
• Hybrid Electric Vehicle (HEV)
• Application Outlook (Volume, Units; Revenue, USD Million, 2021 - 2033)
• Logistics and Delivery
• Construction
• Waste Management
• Others
• Regional Outlook (Volume, Units; Revenue, USD Million, 2021 - 2033)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Latin America
• Brazil
• Middle East & Africa
• UAE
• Kingdom of Saudi Arabia
• South Africa

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