Executive Analysis of Electric Truck Market, Forecast to 2025

Executive Analysis of Electric Truck Market, Forecast to 2025

Chinese Thrust to Propel Global Light-medium-heavy Duty Electric Truck Market to More than 2.5 Million Units in Annual Sales by 2025

RELEASE DATE
26-Dec-2017
REGION
Global
Research Code: K1CB-01-00-00-00
SKU: AU01622-GL-MR_21346
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Description

This study provides an overview of the opportunities in the global medium heavy-duty electric truck market in the period 2016–2025. The study reveals that the Chinese electric truck market will be the global electric medium heavy-duty truck leader and is expected to be dominated by fully electric trucks with 61.1% market share, followed by plug-in hybrid with 28.5% and hybrid with 10.4%, by 2025. New energy powertrain adoption is likely to increase, especially among medium-duty and heavy-duty trucks in China which is mainly dominated by new trucks models. The North American electric truck market is expected to be dominated by fully electric trucks with 53.3% market share, followed by plug-in hybrid with 30.7% and hybrid with 15.9%, by 2025. The new GHG emission regulations are pushing hard to achieve CO2 and fuel economy standards to satisfy EISA lead-time requirement. The European electric truck market is expected to be dominated by fully electric trucks with 54.6% market share, followed by plug-in hybrid with 37.4%, share and hybrid with 8.0%, by 2025. Several Western European countries are planning to adopt the ICE ban from 2025–2030, with expanding low-emission zones planning to ban diesel and gasoline engines.

List of market participants reviewed in the study include AVL, Allison, BAE Systems, BYD, BYD America, Brusa, Chanje, Charge, Daimler, Donfeng, E-Force, Eaton, Emerson, Ennova, Enride, FAW, Foton, Fuso, GINAF, GKN, Geely, Hino Motors, Hitachi, JAC, MAN, Mack Trucks, Medcom, Motiv Power, Nanjin IVECO, Nikola, Nissan, Remy, Renault, Scania, Shaanxi, Siemens, Smith Electric, TM4, Tesla, Toyota, Traktionssysteme, UQM Technologies, VIA, Volvo, ZF, eTraction and many more.


Research Highlights

Growing penetration of electric and hybrid powertrain technologies in commercial vehicles, especially within city limits, will drive the demand for new types of drivelines. eAxles and motors mounted adjacent to wheel hubs are new technologies that are gaining traction in heavy-duty trucking applications. Battery prices have decreased by about 50% since 2010 and are expected to further decrease by 50% in the next 4 to 6 years. In batteries, Lithium sulfur is likely to be adopted as the next battery chemistry; however, advancement in lithium-ion technology will be seen.

Key Issues Addressed

  • What are the current and future market trends of the electric truck market?
  • How will the market transform into by 2025 in terms of the geographic growth?
  • What will be the downstream implications for electric truck drivetrains in  trucks?
  • Which models are likely to be launched in the next 2 or 4 years?
  • What will be the technological and affordability trends of electric powertrain components like batteries, motors, and  charging systems?

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Key Takeaways

Executive Summary—eTruck Market Outlook of Key Regions: 2025

Executive Summary—Impact of Electrification on Axles

Executive Summary—Future of Battery Chemistries

Executive Summary—Charging Interface Initiative (CHARIN)

Research Scope

Research Aims and Objectives

Key Questions this Study will Answer

Research Background

Research Methodology

Partial List of Industries Compared

Electric Truck Market Outlook of Key Regions—2025

Case Study—Chinese Government NEV Development Plan

Electric Powertrain—Purchase Incentive by Central Government

Electric Trucks—Purchase Incentive by Regional Government

Electric Powertrain—Key Influencing Trends

Electric Truck Portfolio of Key OEMs

Market Overview 2016—Powertrain Adoption in China

Electric Powertrain Adoption Forecast in China, 2016–2025

National Truck Fuel economy and GHG Emissions

North America NHTSA Fuel Consumption Standards

Phase 1 and Phase 2 Combination Tractor and Trailer Standards

Electric Powertrain—Truck Portfolio of Key OEMs

Market Overview 2016—Powertrain Adoption in North America

Electric Powertrain Adoption Forecast in North America: 2016–2025

UK, Italy, and Germany—Leading the Initiative with Low-Emission Zones

City Urban Access Restriction in EU Making VMs

EU GHG Emission Norms—Overview of Status Quo

Vehicle Energy Consumption Calculation Tool (VECTO)

Electric Truck Portfolio of Key OEMs

Electric Truck Portfolio of Key OEMs (continued)

Market Overview 2016—Powertrain Adoption in Europe

Electric Powertrain Adoption Forecast in Europe, 2016–2025

Various Electric Driveline Configurations

Impact of Electrification on Axles

Impact of Electrification on Wheel End

Impact of Electrification on Brakes

Future Battery Chemistries—Market Introduction Roadmap

Decline in Battery Prices to Make EVs Affordable

Lithium-ion Battery Cost Breakdown

Definition of EV Charging Infrastructure

AC Charging Plug and Connector Type

DC Charging Connector Geometry

CHAdeMO Charging

Charging Interface Initiative (CHARIN)

Growth Opportunity

Strategic Imperatives for Electric Vehicle Market

Key Conclusions and Future Outlook

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

Related Research
This study provides an overview of the opportunities in the global medium heavy-duty electric truck market in the period 2016–2025. The study reveals that the Chinese electric truck market will be the global electric medium heavy-duty truck leader and is expected to be dominated by fully electric trucks with 61.1% market share, followed by plug-in hybrid with 28.5% and hybrid with 10.4%, by 2025. New energy powertrain adoption is likely to increase, especially among medium-duty and heavy-duty trucks in China which is mainly dominated by new trucks models. The North American electric truck market is expected to be dominated by fully electric trucks with 53.3% market share, followed by plug-in hybrid with 30.7% and hybrid with 15.9%, by 2025. The new GHG emission regulations are pushing hard to achieve CO2 and fuel economy standards to satisfy EISA lead-time requirement. The European electric truck market is expected to be dominated by fully electric trucks with 54.6% market share, followed by plug-in hybrid with 37.4%, share and hybrid with 8.0%, by 2025. Several Western European countries are planning to adopt the ICE ban from 2025–2030, with expanding low-emission zones planning to ban diesel and gasoline engines. List of market participants reviewed in the study include AVL, Allison, BAE Systems, BYD, BYD America, Brusa, Chanje, Charge, Daimler, Donfeng, E-Force, Eaton, Emerson, Ennova, Enride, FAW, Foton, Fuso, GINAF, GKN, Geely, Hino Motors, Hitachi, JAC, MAN, Mack Trucks, Medcom, Motiv Power, Nanjin IVECO, Nikola, Nissan, Remy, Renault, Scania, Shaanxi, Siemens, Smith Electric, TM4, Tesla, Toyota, Traktionssysteme, UQM Technologies, VIA, Volvo, ZF, eTraction and many more.--BEGIN PROMO--

Research Highlights

Growing penetration of electric and hybrid powertrain technologies in commercial vehicles, especially within city limits, will drive the demand for new types of drivelines. eAxles and motors mounted adjacent to wheel hubs are new

More Information
No Index No
Podcast No
Author Chandramowli Kailasam
Industries Automotive
WIP Number K1CB-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9963-A6,9AF6-A6,9B01-A6,9B07-C1