U.S. Electric Truck Market Growth and Trends

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U.S. Electric Truck Market Will Reach 15,084.3
Million by 2030
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When people think of EVs, they frequently picture
smaller ones that can fit into small parking
spaces. But for tasks like contracting,
gardening, and deliveries, contemporary EVs have
begun to come in various forms and sizes. Fleet
managers would want to think again before
ignoring EVs as automakers develop increasingly
inventive solutions to the problems associated
with powering heavy-duty vehicles. The
government's e-mobility promotion efforts,
including pollution standards and financial
incentives for buying electric cars, are
primarily anticipated to fuel the expansion of
the U.S. electric truck market. Thus, this
industry is predicted to produce 15,084.3
million revenue by 2030. Additionally, it is
anticipated that the development of self-driving
technology and the surge in demand for electric
vehicles from the logistics sector would provide
electric truck manufacturers with considerable
growth potential. Furthermore, the EV industry
is anticipated to grow rapidly in the next years
as gasoline prices continue to climb. The SAFE
Vehicles regulation will be in effect in the U.S.
from 2021 to 2026. The proposal has established
corporate average fuel efficiency and greenhouse
gas emission criteria for passenger and light
cars. However, the high cost and absence of
charging infrastructure are projected to restrain
the industry's growth in the coming years.
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The growing trend of driverless vehicles will
significantly affect the sector. Long-term demand
for electric trucks will rise due to self-driving
technology because of how simple it is to use,
how it operates in self-driving mode, and how it
will improve prospects for road safety by doing
away with human mistakes. Historically, the
logistics sector dominated the country's sales of
these vehicles, which contributed over 75 of the
nation's income. The nation's need for such
environmentally friendly commercial vehicles is
driven by the rising logistical footprint and a
significant increase in retail, e-commerce, and
third-party logistics. Additionally, there is a
growing need for effective supply chains for
logistics services due to the need for doorstep
delivery that is quicker and more
convenient. LDTs are the most frequently
utilized vehicle type. This can be ascribed to
the nation's strong adoption and demand for
pickup vehicles. Many sectors are driving the
market for these LDTs by incorporating them into
their processes. To receive free sample pages of
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As a result, LDTs made up more than 85 of all
nationwide commercial vehicle purchases last
year. To assist fleet owners lower total
operating costs, they present a significant
potential for launching new electric versions to
the market for the major companies. Geographicall
y, California is anticipated to dominate the U.S.
electric truck market and rapidly expand
throughout the projected period. Due to the
government's strong support in the form of
incentive programs and the development of
policies that promote the use of EVs in the
state, the state currently controls the
sector. In 2035, the rules will be fully
applied the board predicted around 15 of the
1.2 million trucks on the highway to be running
on electricity, thus estimating a huge surge in
the requirement for e-trucks. Please fill the
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arket
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