United States Electric Truck Market Analysis and Growth Forecast 2020-2030: Market is Expected to Witness Robust Growth of 51.6% CAGR
The U.S. electric truck market is expected to generate a revenue of $15,084.3 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 U.S. electric truck market is expected to generate a revenue of $15,084.3 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.
- 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).
- The supportive government policies are the major reason for the growth of the U.S. electric truck market.