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US Electric Trucks Market

ID: MRFR/AT/16540-HCR
100 Pages
Garvit Vyas
October 2025

US Europe Electric Trucks Market

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US Electric Trucks Market Summary

As per analysis, the US Electric Truck Market is projected to grow from USD 2.73 Billion in 2024 to USD 10.06 Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 12.61% during the forecast period (2025 - 2035).

Key Market Trends & Highlights

The US Electric Truck Market is poised for substantial growth driven by technological advancements and increasing demand for sustainable solutions.

  • Technological advancements in battery technology are enhancing the efficiency and range of electric trucks.
  • Government incentives and regulations are playing a crucial role in accelerating the adoption of electric trucks across various sectors.
  • The freight transport segment remains the largest, while the last mile delivery segment is experiencing the fastest growth in electric truck adoption.
  • Key market drivers include rising fuel costs and government support programs aimed at promoting environmental sustainability.

Market Size & Forecast

2024 Market Size 2.73 (USD Billion)
2035 Market Size 10.06 (USD Billion)
CAGR (2025 - 2035) 12.61%

Major Players

Tesla (US), Ford (US), General Motors (US), Rivian (US), Nikola (US), Workhorse Group (US), Lordstown Motors (US), Canoo (US)

US Electric Trucks Market Trends

The US Electric Truck Market is currently experiencing a transformative phase, driven by a confluence of technological advancements, regulatory support, and shifting consumer preferences. As the nation increasingly prioritizes sustainability, electric trucks are emerging as a viable alternative to traditional diesel-powered vehicles. This shift is not merely a trend but appears to be a fundamental change in the transportation landscape, with manufacturers investing heavily in research and development to enhance battery efficiency and vehicle performance. Furthermore, government incentives and policies aimed at reducing carbon emissions are likely to bolster the adoption of electric trucks across various sectors, including logistics and public transportation. In addition to regulatory support, the US Electric Truck Market is witnessing a growing interest from fleet operators who recognize the long-term cost benefits associated with electric vehicles. The potential for lower operational costs, coupled with advancements in charging infrastructure, suggests that electric trucks may soon become the preferred choice for many businesses. As the market evolves, it seems that collaboration between manufacturers, technology providers, and government entities will be crucial in addressing challenges such as range anxiety and charging accessibility. Overall, the trajectory of the US Electric Truck Market indicates a promising future, characterized by innovation and a commitment to sustainable transportation solutions.

Technological Advancements in Battery Technology

The US Electric Truck Market is witnessing rapid improvements in battery technology, which are crucial for enhancing vehicle range and performance. Innovations in lithium-ion batteries and the development of solid-state batteries may significantly extend the operational capabilities of electric trucks, making them more appealing to fleet operators.

Government Incentives and Regulations

Regulatory frameworks and financial incentives from federal and state governments are playing a pivotal role in the growth of the US Electric Truck Market. Policies aimed at reducing greenhouse gas emissions and promoting clean energy solutions are likely to encourage businesses to transition to electric trucks.

Growing Demand from Fleet Operators

There is an increasing interest among fleet operators in the US Electric Truck Market, driven by the potential for reduced operational costs and improved sustainability. As more companies recognize the long-term benefits of electric vehicles, the demand for electric trucks is expected to rise.

US Electric Trucks Market Drivers

Government Incentives and Support Programs

The US Electric Truck Market benefits significantly from various government incentives and support programs aimed at promoting electric vehicle adoption. Federal and state governments have introduced tax credits, grants, and rebates to encourage fleet operators to transition to electric trucks. For example, the federal government offers a tax credit of up to $7,500 for electric vehicle purchases, which can substantially reduce the upfront costs for businesses. Additionally, several states have implemented their own incentive programs, further enhancing the financial attractiveness of electric trucks. As of January 2026, these incentives have contributed to a notable increase in electric truck registrations, with a reported growth rate of 25% year-over-year. This supportive regulatory environment is expected to continue fostering growth in the US Electric Truck Market.

Rising Fuel Costs and Economic Considerations

The US Electric Truck Market is also being propelled by rising fuel costs and the economic advantages associated with electric trucks. As fuel prices continue to fluctuate, fleet operators are increasingly seeking cost-effective alternatives to traditional diesel trucks. Electric trucks offer lower operating costs, primarily due to reduced fuel expenses and maintenance requirements. According to recent data, electric trucks can save fleet operators up to 40% in fuel costs compared to their diesel counterparts. This economic incentive is particularly appealing in an environment where profit margins are under pressure. As of January 2026, the total cost of ownership for electric trucks is becoming more favorable, making them an attractive option for businesses looking to optimize their logistics operations. Consequently, this trend is likely to bolster the growth of the US Electric Truck Market.

Environmental Regulations and Sustainability Goals

The US Electric Truck Market is increasingly influenced by stringent environmental regulations and sustainability goals set by both federal and state authorities. The push for reduced greenhouse gas emissions has led to the implementation of stricter emissions standards for commercial vehicles. As a result, fleet operators are compelled to explore electric truck options to comply with these regulations. The Biden administration has set ambitious targets to achieve net-zero emissions by 2050, which further emphasizes the need for cleaner transportation solutions. By January 2026, many companies are actively integrating electric trucks into their fleets to align with these sustainability goals, thereby driving demand in the US Electric Truck Market. This regulatory pressure is likely to accelerate the transition towards electric vehicles in the commercial sector.

Technological Advancements in Electric Truck Design

The US Electric Truck Market is experiencing a surge in technological advancements that enhance the efficiency and performance of electric trucks. Innovations in electric drivetrains, lightweight materials, and aerodynamics are contributing to improved range and payload capacity. For instance, manufacturers are increasingly adopting advanced battery management systems that optimize energy consumption, potentially extending the operational range of electric trucks. As of January 2026, the average range of electric trucks has reportedly increased to over 300 miles on a single charge, making them more viable for long-haul applications. This trend indicates a shift in the market dynamics, as fleet operators are more inclined to invest in electric trucks that offer competitive performance compared to traditional diesel vehicles. Consequently, these advancements are likely to drive growth in the US Electric Truck Market.

Growing Consumer Awareness and Demand for Green Solutions

The US Electric Truck Market is witnessing a growing consumer awareness and demand for environmentally friendly transportation solutions. As sustainability becomes a priority for consumers and businesses alike, there is an increasing expectation for companies to adopt greener practices. This shift in consumer sentiment is driving fleet operators to consider electric trucks as part of their logistics strategy. Surveys indicate that a significant percentage of consumers are willing to pay a premium for products delivered by electric vehicles, reflecting a broader trend towards sustainability. By January 2026, this heightened awareness is likely to influence purchasing decisions, prompting more companies to invest in electric trucks to meet consumer expectations. This evolving landscape is expected to further stimulate growth in the US Electric Truck Market.

Market Segment Insights

By Application: Freight Transport (Largest) vs. Last Mile Delivery (Fastest-Growing)

In the US Electric Truck Market, the application segment is primarily dominated by freight transport, which holds a significant share of the market. This segment benefits from longstanding infrastructure and established logistics networks. Following freight transport, sectors like construction and public transportation also contribute notably to the market, with their share increasing steadily, thanks to the growing emphasis on sustainability and regulatory support for electric vehicles. Last mile delivery, emerging as a crucial player, is gaining traction among businesses looking to optimize efficiency and reduce carbon footprints. Over recent years, growth trends indicate a shift towards environmental consciousness, driving demand for electric trucks in freight transport as firms seek sustainable solutions. Furthermore, last mile delivery is rapidly becoming the fastest-growing segment, propelled by the e-commerce boom and changing consumer habits. This segment's need for efficient, eco-friendly delivery solutions is driving innovation and investment in electric truck technologies, ensuring that it remains a focal point for market dynamics in the coming years.

Freight Transport (Dominant) vs. Construction (Emerging)

Freight transport stands as the dominant application in the US Electric Truck Market, characterized by its extensive utilization for long-haul logistics and repeatable routes that contribute to operational efficiency. This segment benefits from established infrastructures, robust demand from logistics companies, and significant investments pushing electrification. Additionally, the focus on reducing carbon emissions further fuels this segment's growth. In contrast, the construction segment is emerging but holds significant potential, driven by an increasing emphasis on sustainable practices and mandates from regulatory bodies pushing for low-emission solutions. Construction projects are increasingly adopting electric trucks to transport materials, reducing noise and pollution on job sites. As construction companies seek to modernize their fleets, this segment is poised for accelerated growth.

By Vehicle Type: Light Duty Trucks (Largest) vs. Heavy Duty Trucks (Fastest-Growing)

The US Electric Truck Market shows a noteworthy distribution in its vehicle type segmentation. Light Duty Trucks hold the largest share, reflecting the consumer shift towards electric solutions in smaller, urban deliveries. Conversely, Medium Duty and Heavy Duty Trucks are gaining traction, particularly as fleets adapt to stricter emission regulations and sustainability goals, leading to increasing adoption of electric variants in these categories.

Light Duty Trucks (Dominant) vs. Heavy Duty Trucks (Emerging)

Light Duty Trucks remain the dominant player in the US Electric Truck Market due to their versatility, lower operational costs, and the rise of eco-conscious consumer preferences. These trucks are primarily utilized for local deliveries and urban logistics. On the other hand, Heavy Duty Trucks represent an emerging segment, rapidly evolving with advancements in battery technology and charging infrastructure. Their adoption is driven by the need for emissions reduction in freight transport, with many companies transitioning from diesel to electric to meet regulatory demands and improve sustainability. This segment is expected to witness significant growth as technology advances and operational efficiencies are realized.

By Powertrain Type: Battery Electric (Largest) vs. Fuel Cell Electric (Fastest-Growing)

The US Electric Truck Market is primarily dominated by Battery Electric trucks, accounting for a substantial share of the market due to their efficiency and cost-effectiveness. Plug-in Hybrid Electric trucks also hold a notable portion, providing flexibility for users who may not be ready to fully transition to electric. However, Fuel Cell Electric trucks are emerging as a significant player, thanks to advancements in hydrogen technologies and increasing investments in infrastructure.

Battery Electric (Dominant) vs. Fuel Cell Electric (Emerging)

Battery Electric trucks are currently the dominant force in the US Electric Truck Market, favored for their zero emissions, lower operating costs, and extensive charging networks. They are well-suited for urban logistics and short-haul applications, offering greater range and performance. In contrast, Fuel Cell Electric trucks represent an emerging segment with promising potential. They are recognized for their quick refueling capabilities and longer ranges, making them ideal for long-haul transportation. As hydrogen infrastructure develops and technology advances, these trucks will likely carve a more significant niche in the market.

By Charging Infrastructure: Home Charging (Largest) vs. Public Charging Stations (Fastest-Growing)

The 'Charging Infrastructure' segment of the US Electric Truck Market exhibits varied market share distributions among its three main values: Home Charging, Public Charging Stations, and Fleet Charging Solutions. Home Charging emerges as the largest segment, benefiting from residential investments in EV infrastructure. Public Charging Stations are the fastest-growing segment, propelled by increasing demand for accessible fast charging options in urban areas. Fleet Charging Solutions, while vital for commercial operators, occupy a smaller market share compared to the other two.

Home Charging (Dominant) vs. Public Charging Stations (Emerging)

Home Charging serves as the dominant segment in the US Electric Truck Market, offering convenience for private truck owners and reducing the dependency on public infrastructure. This segment thrives on the integration of home energy solutions and resilient battery technology. In contrast, Public Charging Stations are emerging rapidly, particularly in urban areas. Their growth is fueled by the expansion of charging networks and partnerships with municipalities. Fleet Charging Solutions, meanwhile, cater to commercial fleets seeking efficient and cost-effective charging options and are increasingly becoming a staple of fleet management strategies.

By Payload Capacity: 10,000 to 20,000 pounds (Largest) vs. 5,000 to 10,000 pounds (Fastest-Growing)

In the US Electric Truck Market, the payload capacity segment is witnessing significant distribution among its various categories. The capacity range of 10,000 to 20,000 pounds holds the largest market share, indicating its prominence among consumers and businesses seeking effective solutions for medium to heavy transport needs. Meanwhile, the 5,000 to 10,000 pounds category emerges as the fastest-growing segment, appealing especially to urban logistics and delivery services that require lighter vehicles with enhanced efficiency.

Payload Capacity: 10,000 to 20,000 pounds (Dominant) vs. 5,000 to 10,000 pounds (Emerging)

The payload capacity of 10,000 to 20,000 pounds remains the dominant choice in the US Electric Truck Market, favored for its ability to cater to a wide array of commercial applications including freight and distribution. This segment's leadership is driven by its compatibility with various electric truck models that offer a balance between size and efficiency. Conversely, the 5,000 to 10,000 pounds segment is emerging rapidly, largely fueled by the growth of e-commerce and on-demand delivery services. This lighter capacity class provides flexibility and maneuverability, attracting customers who prioritize urban mobility and reduced operational costs. Together, these segments reflect the changing landscape of logistics where both heavy and light-duty electric trucks have essential roles.

Get more detailed insights about US Electric Trucks Market

Key Players and Competitive Insights

The Electric Truck Market is currently characterized by a dynamic competitive landscape, driven by technological advancements, regulatory support for sustainable transportation, and increasing demand for zero-emission vehicles. Major players such as Tesla (US), Ford (US), and Rivian (US) are at the forefront, each adopting distinct strategies to enhance their market positioning. Tesla (US) continues to innovate with its cutting-edge battery technology and autonomous driving capabilities, while Ford (US) leverages its extensive manufacturing capabilities and brand loyalty to penetrate the market with its electric F-150 Lightning. Rivian (US), on the other hand, focuses on niche segments, particularly the adventure and outdoor lifestyle market, which shapes its product offerings and marketing strategies. Collectively, these strategies contribute to a competitive environment that is increasingly focused on innovation and sustainability.

In terms of business tactics, companies are localizing manufacturing to reduce costs and improve supply chain efficiency. This approach is particularly evident in the Electric Truck Market, which appears to be moderately fragmented, with several players vying for market share. The collective influence of key players is significant, as they engage in strategic partnerships and collaborations to enhance their technological capabilities and expand their market reach.

In December 2025, Ford (US) announced a partnership with a leading battery manufacturer to develop next-generation battery technology aimed at increasing the range and efficiency of its electric trucks. This strategic move is likely to bolster Ford's competitive edge by addressing one of the primary concerns of electric vehicle consumers—range anxiety. By investing in advanced battery solutions, Ford positions itself as a leader in the electric truck segment, potentially attracting a broader customer base.

In November 2025, Rivian (US) unveiled its plans to expand its production facility in Normal, Illinois, which is expected to double its manufacturing capacity by mid-2026. This expansion is crucial for Rivian as it seeks to meet the growing demand for its electric trucks, particularly the R1T model. The increased production capacity may enhance Rivian's ability to fulfill orders and improve its market presence, thereby solidifying its position in a competitive landscape.

In January 2026, Tesla (US) launched a new version of its electric truck, the Cybertruck, featuring enhanced performance metrics and improved safety features. This launch is significant as it not only showcases Tesla's commitment to innovation but also reinforces its market leadership. The introduction of advanced safety technologies may appeal to consumers prioritizing safety in their purchasing decisions, further differentiating Tesla from its competitors.

As of January 2026, current trends in the Electric Truck Market indicate a strong emphasis on digitalization, sustainability, and the integration of artificial intelligence in vehicle design and manufacturing processes. Strategic alliances among companies are shaping the competitive landscape, fostering innovation and collaboration. Looking ahead, it is anticipated that competitive differentiation will increasingly pivot from price-based strategies to a focus on technological innovation, supply chain reliability, and sustainability initiatives. This shift underscores the importance of adapting to evolving consumer preferences and regulatory frameworks in the pursuit of market leadership.

Key Companies in the US Electric Trucks Market include

Future Outlook

US Electric Trucks Market Future Outlook

The US Electric Truck Market is projected to grow at a 12.61% CAGR from 2025 to 2035, driven by technological advancements, regulatory support, and increasing demand for sustainable logistics.

New opportunities lie in:

  • Development of advanced battery recycling programs
  • Integration of AI for fleet management optimization
  • Expansion of charging infrastructure partnerships with municipalities

By 2035, the market is poised for substantial growth, reflecting a robust transition to electric transportation.

Market Segmentation

US Electric Trucks Market Application Outlook

  • Freight Transport
  • Construction
  • Public Transportation
  • Last Mile Delivery

US Electric Trucks Market Vehicle Type Outlook

  • Light Duty Trucks
  • Medium Duty Trucks
  • Heavy Duty Trucks

US Electric Trucks Market Powertrain Type Outlook

  • Battery Electric
  • Plug-in Hybrid Electric
  • Fuel Cell Electric

US Electric Trucks Market Payload Capacity Outlook

  • Less than 5,000 pounds
  • 5,000 to 10,000 pounds
  • 10,000 to 20,000 pounds
  • More than 20,000 pounds

US Electric Trucks Market Charging Infrastructure Outlook

  • Home Charging
  • Public Charging Stations
  • Fleet Charging Solutions

Report Scope

MARKET SIZE 20242.73(USD Billion)
MARKET SIZE 20253.11(USD Billion)
MARKET SIZE 203510.06(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)12.61% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledTesla (US), Ford (US), General Motors (US), Rivian (US), Nikola (US), Workhorse Group (US), Lordstown Motors (US), Canoo (US)
Segments CoveredApplication, Vehicle Type, Powertrain Type, Charging Infrastructure, Payload Capacity
Key Market OpportunitiesGrowing demand for sustainable logistics solutions drives innovation in the US Electric Truck Market.
Key Market DynamicsGrowing regulatory support and technological advancements drive the US Electric Truck Market towards increased adoption and competition.
Countries CoveredUS
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FAQs

What is the current valuation of the US Electric Truck Market?

As of 2024, the US Electric Truck Market was valued at 2.73 USD Billion.

What is the projected market size for the US Electric Truck Market by 2035?

The market is projected to reach 10.06 USD Billion by 2035.

What is the expected CAGR for the US Electric Truck Market during the forecast period?

The expected CAGR for the US Electric Truck Market from 2025 to 2035 is 12.61%.

Which companies are the key players in the US Electric Truck Market?

Key players include Tesla, Ford, General Motors, Rivian, Nikola, Workhorse Group, Lordstown Motors, and Canoo.

What are the main applications driving the US Electric Truck Market?

The main applications include Freight Transport, Construction, Public Transportation, and Last Mile Delivery.

How does the market segment by vehicle type look in terms of valuation?

In 2024, Light Duty Trucks were valued at 1.1 USD Billion, Medium Duty Trucks at 0.8 USD Billion, and Heavy Duty Trucks at 0.83 USD Billion.

What is the valuation of the US Electric Truck Market by powertrain type?

The market was valued at 1.5 USD Billion for Battery Electric, 0.8 USD Billion for Plug-in Hybrid Electric, and 0.43 USD Billion for Fuel Cell Electric in 2024.

What charging infrastructure segments are included in the US Electric Truck Market?

Charging infrastructure segments include Home Charging, Public Charging Stations, and Fleet Charging Solutions, with respective valuations in 2024.

What is the valuation of the US Electric Truck Market by payload capacity?

In 2024, the market was segmented by payload capacity, with valuations for various weight categories ranging from 0.55 to 0.91 USD Billion.

How is the growth trajectory of the US Electric Truck Market expected to evolve?

The market is likely to experience substantial growth, driven by increasing demand and technological advancements, particularly from 2025 to 2035.

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