MarkNtel Advisors recently published a detailed industry analysis of the Europe Medium & Heavy Duty Electric Trucks Market. The report covers growth trends, regional marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Europe Medium & Heavy Duty Electric Trucks Market (2023-2028)
The Europe Medium & Heavy Duty Electric Trucks market is projected to grow at a CAGR of around 40% during the forecast period, i.e., 2023-28
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Key Driver: Increasing Implementation of Stringent Norms for Emission Control
The sales of medium and heavy duty trucks vehicles have been growing steadily in Europe as more & more emission-related norms & regulations are being implemented by governments & the European Union in order to reduce the impact of global warming & greenhouse effect. In 2022, the European Union presented the new Euro 7 standards for ensuring cleaner vehicles on roads and improved air quality. These norms extremely focus on lowering harmful gasses like carbon monoxide, hydrocarbons, nitrogen oxides, etc.
In addition, various countries like Portugal, Finland, & Denmark, among others, have set their targets to phase-out conventional fuel-based trucks by 2040, which would result in a strong demand for electric trucks in the coming years. Hence, OEMs like Volvo, Renault, MAN, & Scania are increasing their production capacities in order to cater to the evolving consumer demands, thereby driving the Europe Medium & Heavy Duty Electric Trucks Market.
What segments define the Europe Medium & Heavy Duty Electric Trucks market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
-By Battery Capacity
-50-250 KWH
-Above 250 KWH
-By Battery Type
-Lithium-Nickle-Manganese-Cobalt Oxide
-Lithium-Iron-Phosphate
-Others (Lead-Acid Batteries, Ultracapacitors, etc.)
-By Propulsion Type
-Battery Electric Truck (BET)
-Plug-in Hybrid Electric Truck (PHET)
-Fuel Cell Electric Truck (FCET)
-By Level of Automation
-Level 1
-Level 2
-Level 3
-Level 4 & 5
-By Range
-Up to 200 miles
-Above 200 miles
-By Application
-Long Haul Transportation
-Field Services
-Distribution Services
-Others (Last Mile Delivery, Refuse Services, etc.)
-By Country
-Germany
-The UK
-France
-Italy
-Spain
-Rest of the Europe
Explore the Complete Europe Medium & Heavy Duty Electric Trucks Market Analysis Report – https://www.marknteladvisors.com/research-library/europe-medium-heavy-duty-electric-trucks-market.html
Who are the leading key players shaping the Europe Medium & Heavy Duty Electric Trucks Market landscape?
Volvo Group, Renault Trucks, Scania AB, Daimler, MAN trucks, Tevva Motors Limited, Tesla Motors Inc. trucks, IVECO SpA, E-Force One AG, DAF Trucks NV, Others
Questions Addressed in this Study
1.What factors are driving the Europe Medium & Heavy Duty Electric Trucks Market growth?
2.How is the Europe Medium & Heavy Duty Electric Trucks Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Europe Medium & Heavy Duty Electric Trucks Market?
4.What is the current size of the Europe Medium & Heavy Duty Electric Trucks Market, and how is it projected to change in the future?
6.What is the future outlook for the Europe Medium & Heavy Duty Electric Trucks Market in terms of technological advancements and market expansion?
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