North America Electric Truck Market Share

North America Electric Truck Market Share

To get key market trends

  Download Free Sample

Volvo and Daimler held a significant market share of over 30% in 2023. Volvo maintains a strong presence in the electric truck industry, leveraging its established position in the global trucking industry. The company is expanding its electric truck portfolio, which includes the Volvo VNR Electric for urban and regional transport.
 

Volvo invests significantly in research and development for battery technology and autonomous driving solutions. Its partners
hips with major logistics companies, such as Amazon, further strengthen its market position. Additionally, Volvo provides comprehensive fleet management services, integrating telematics and charging infrastructure support to enhance operational efficiency for electric truck fleets.
 

Daimler is a key player in the North American electric truck market, primarily through its Freightliner brand. The company offers models like the eCascadia, which caters to both long-haul and urban transportation needs. Daimler is investing in battery technology and expanding its production capabilities to meet the growing demand for electric trucks. To address range concerns, the company collaborates with various charging infrastructure providers. Daimler also focuses on reducing the total cost of ownership for fleet operators, enhancing its competitive advantage through strategic partnerships and fleet services.
 

North America Electric Truck Market Companies

Major players operating in the North America electric truck industry are:

• BYD
• DAF Trucks
• Daimler
• Hino
• Isuzu
• Nikola Corporation
• PACCAR
• Renault
• Traton
• Volvo