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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
26-Dec-2017
Global
Market Research
K1CB-01-00-00-00
AU01622-GL-MR_21346
$4,950.00
Special Price $3,712.50 save 25 %
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?
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
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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
| Deliverable Type | Market Research |
|---|---|
| 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 |
