Showing posts with label U.S. Electric Truck Market. Show all posts
Showing posts with label U.S. Electric Truck Market. Show all posts

Electric Trucks are Revolutionizing the Road in the U.S.

The automotive industry in the U.S.  is undergoing a remarkable transformation in recent years, as the push for greener and more sustainable transportation increases. There has been a significant rise in the use of electric vehicles in the country.  With electric cars garnering substantial attention, the focus is now shifting toward electric trucks.

An electric truck can be any type of truck, semi-truck, heavy-duty commercial, or military truck driven by batteries designed to carry payloads, transport cargo, or perform other utilitarian work.

The Increasing Requirement for Electric Trucks

With environmental concerns and carbon emission reduction becoming increasingly vital, the requirement for electric trucks in the U.S. has been gaining momentum. They offer several advantages over their conventional counterparts, such as reduced greenhouse gas emissions, decreased fuel costs, and improved efficiency. This combination of environmental sustainability and economic benefits has attracted the attention of stakeholders, including consumers, fleet operators, and policymakers toward electric trucks.

The U.S. government has taken numerous initiatives to encourage e-mobility and also placed stringent emission standards on fossil fuel-powered commercial vehicles.

The industry of electric trucks in the U.S. will reach USD 15,084.3 million by the end of this decade. 

Environmental Benefits

Electric trucks have revolutionized the transportation industry by significantly reducing greenhouse gas emissions. Unlike traditional diesel-powered trucks, which emit large amounts of carbon dioxide and other pollutants, electric ones produce zero tailpipe emissions. Transitioning to electric trucks can contribute toward breathing cleaner air and reduce the effects of climate change. 

Electric trucks also have the capability of running silently because they run on an electric motor instead of an engine. Therefore, reducing noise pollution. Additionally, e-vehicles are virtually silent, and they help in reducing noise pollution.

Low Maintenance Cost

Electric trucks have a relatively low maintenance expenses as they don’t have as many moving parts as an internal combustion automobile. The requirement of servicing for electric trucks is lesser than the traditional diesel or gasoline trucks. Thus, the yearly expenditure of running an e-truck is significantly low.

Use of Electric Trucks in Logistics

The transportation industry is shifting toward e-trucks to advance efficiency in delivering goods. The progression of batteries and the new motors can promote the adoption of e-vehicles in urban logistics to deliver orders to home or physical points of sale. 

With not consuming fossil fuels, these automobiles can reduce logistics expenses.

The increasing logistics footprint and notable development in retail, third-party logistics, and e-commerce are boosting the adoption of such environmentally friendly commercial automobiles in the nation.

Additionally, with the rising requirement for quicker and more convenient deliveries at the doorstep, the necessity for effective supply chains for logistics services is increasing.

Hence, it is because of the low maintenance and operation cost of electric trucks, reducing cost of batteries, and a number of supportive initiatives taken by the government, the requirement for electric truck will continue to increase in the years to come in the U.S.


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U.S. Electric Truck Market to register Robust Growth of 51.6% during 2020–2030

The U.S. electric truck market is expected to generate a revenue of $15,084.3 million by 2030, increasing from $211.5 million in 2019, and the market is expected to witness robust growth of 51.6% CAGR during the forecast period (2020–2030). The market is growing due to the increasing government support for the deployment of electric trucks in the country and the falling process of battery packs. In addition to this, electric trucks are cheaper to maintain and operate as compared to traditional diesel trucks.



On the basis of vehicle type, the U.S. electric truck market is divided into heavy-duty truck (HDT), light-duty truck (LDT), and medium-duty truck (MDT). Out of these, the LTDs are predicted to account for the largest share of the market in 2030, owing to the increasing demand for pickup trucks in the country. In the U.S., LTDs accounted for more than 85% of the sales of commercial vehicles. Other than this, the HDT division is predicted to grow at the fastest pace during the forecast period.

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The rapid deployment of electric trucks in the logistics operations is also a major trend in the U.S. electric truck market. The logistics sectors itself has been registering considerable growth in the country since the past few years, owing to the expansion of the e-commerce industry. With the rising requirement for more-convenient and faster deliveries at customers’ doorsteps, the need for effective logistics has been on a rise. Various logistics companies are electrifying their fleet for making their operations optimized.

The supportive government policies are the major reason for the growth of the U.S. electric truck market. Governments on both the state and federal level have set strict targets for reducing carbon dioxide and nitrogen oxide emissions from vehicles. Moreover, in California, which is also the largest market for electric trucks in the country, vouchers and funds are being provided for the purchase of electric vehicles. Up to $20 million are supposed to be provided for the same purpose in the state till 2020.

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In conclusion, the demand for electric trucks in the U.S. is growing due to the favorable government policies and expansion of the logistics sector.

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