Class 2 Trucks Market Trends

Class 2 trucks are increasingly using electric powertrains because they provide zero emissions, cheaper running costs, and less reliance on fossil fuels. In response to the increased demand for environmentally friendly transportation options, manufacturers are producing electric vans and pickup trucks with enhanced battery technology, longer range, and faster charging capabilities. For instance, in September 2023, Ashok Leyland launched electric small trucks in the SCV segment. The new product lineup has increased the company's share in the class 2 trucks segment.

In the class 2 truck market, hybrid powertrains—which combine internal combustion engines with electric motors or other alternative fuel sources—are becoming more and more popular. Because they use less fuel, emit fewer pollutants, and perform better, hybrid vans and trucks are a desirable choice for fleet managers and customers who care about the environment.