Market Data: Electric Drive Trucks

Medium and Heavy Duty Trucks with Hybrid, Plug-In Hybrid, Battery Electric, and Fuel Cell Powertrains: Global Market Analysis and Forecasts

Manufacturers are showing a renewed focus on bringing commercially viable electric trucks to market. Fleets have shown interest in the benefits of electrified trucks because of the potential for lower operational costs and noise reduction benefits. However, the ROI has not been proven in many applications due to the high upfront costs of electrified powertrains and the need to select the right application. Pressure from governments to reduce pollutants related to diesel fuel combustion and tackle greenhouse gas emissions is pushing manufacturers to invest in developing electrified trucks while low emissions zones are driving fleets to replace diesel trucks with cleaner options.

The truck market has lagged behind the bus market in electric powertrain adoption, but has the potential for growth once total cost of ownership benefits of electric trucks can be demonstrated. The truck sector will benefit from activity in the electric bus market as the cost of key components comes down thanks to increasing volumes. Until this happens, the higher cost of an electric truck means that deployment will be focused in places where there are incentives in place. In addition, the lack of reliable electric truck options has dampened interest from fleets. This trend is poised to change due to announcements by major manufacturers in the trucking sector of electric technology options.

This Navigant Research report analyzes the global market for medium and heavy duty trucks with the following powertrains: gasoline hybrid, gasoline plug-in hybrid, diesel hybrid, diesel plug-in hybrid, battery electric, and hydrogen fuel cells. The report provides an analysis of key market and technology issues, market drivers, and profiles of over 35 vehicle manufacturers and component suppliers. Global market forecasts for annual sales and vehicle population, broken out by vehicle segment, country, and powertrain type, extend through 2027. The Excel databook accompanying this report also includes pivot tables for truck sales and population segmented by country, segment, and powertrain type.

Key Questions Addressed:
  • How large are the medium duty (MD) and heavy duty (HD) truck markets in each of the major world regions and key countries?
  • How big is the potential market for electric, hybrid, or fuel cell trucks in each region and major country?
  • What are the main drivers for electric drive truck adoption in regional markets?
  • What are the main challenges to the greater adoption of electric drive trucks?
  • What are the latest announcements from manufacturers and suppliers in the electric drive truck market?
Who needs this report?
  • Truck OEMs
  • Battery and electric drive suppliers
  • Fuel cell providers
  • Utilities and energy companies
  • EV charging equipment manufacturers and providers
  • Hydrogen infrastructure providers
  • Fleet managers
  • Government agencies
  • Investor community

Table of Contents

1. Executive Summary

1.1   Introduction

1.2   Market Drivers

1.3   Key Technologies

1.4   Forecast Highlight

2. Market Issues

2.1   Introduction

2.2   Vehicle and Powertrain Classifications

2.3   Electric Drive Options

2.3.1   Hybrid (Gasoline or Diesel)

2.3.2   Plug-In Hybrid

2.3.3   Battery Electric

2.3.4   Fuel Cell

2.4   Regional Policy and Regulations

2.4.1   North America

2.4.2   European Union

2.4.3   Asia Pacific

2.4.4   City Low Emissions Zones

2.5   Market Issues

2.5.1   Fleet Issues

2.5.2   Cost Issues

2.5.3   Charging Infrastructure

3. Company Profiles

3.1   Electric Drive Truck OEMs

3.1.1   Arrival

3.1.2   BYD

3.1.3   Chanje

3.1.4   CNH Industrial

3.1.5   Daimler

3.1.6   E-FORCE

3.1.7   Hyster

3.1.8   MAN

3.1.9   Navistar

3.1.10   Nikola Motor

3.1.11   Orange EV

3.1.12   PACCAR

3.1.13   Scania

3.1.14   Tesla

3.1.15   Tevva Motors

3.1.16   Toyota

3.1.17   Volvo

3.1.18   Workhorse Group

3.2   Electric Drive Truck Suppliers

3.2.1   ABB

3.2.2   ADOMANI

3.2.3   Allison Transmission

3.2.4   BAE Systems

3.2.5   Ballard Power Systems

3.2.6   BorgWarner

3.2.7   Bosch

3.2.8   Cummins

3.2.9   Efficient Drivetrains

3.2.10   GKN Hybrid Power

3.2.11   Hyliion

3.2.12   Motiv Power

3.2.13   Odyne Systems

3.2.14   Siemens

3.2.15   TM4

3.2.16   UQM Technologies

3.2.17   Wrightspeed

3.2.18   XL Hybrids

3.2.19   ZF

4. Market Forecasts

4.1   Introduction

4.2   Market Model

4.2.1   MD Trucks by Electric Powertrain

4.2.2   HD Trucks by Electric Powertrain

4.3   Regional Forecasts

4.3.1   North America

4.3.2   Western Europe

4.3.3   Asia Pacific

4.3.4   Rest of World

4.4   Conclusions and Recommendations

5. Acronym and Abbreviation List
6. Table of Contents
7. Table of Charts and Figures
8. Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

  • Annual Truck Sales by Fuel Type, World Markets: 2017-2027
  • Annual Electric Drive Truck Sales by Powertrain Type, World Markets: 2017-2027
  • Electric Drive Truck Population by Powertrain Type, World Markets: 2017-2027
  • Annual MD Electric Drive Truck Sales by Powertrain Type, World Markets: 2017-2027
  • Annual HD Electric Drive Truck Sales by Powertrain Type, World Markets: 2017-2027
  • Annual Electric Drive Truck Sales by Region, World Markets: 2017-2027
  • Annual Electric Drive Truck Sales by Powertrain Type, North America: 2017-2027
  • Electric Drive Truck Population by Powertrain Type, North America: 2017-2027
  • Annual Electric Drive Truck Sales by Powertrain Type, Western Europe: 2017-2027
  • Electric Drive Truck Population by Powertrain Type, Western Europe: 2017-2027
  • Annual Electric Drive Truck Sales by Powertrain Type, Asia Pacific: 2017-2027
  • Electric Drive Truck Population by Powertrain Type, Asia Pacific: 2017-2027
  • Annual Electric Drive Truck Sales by Powertrain Type, Rest of World: 2017-2027
  • Electric Drive Truck Population by Powertrain Type, Rest of World: 2017-2027

List of Tables

  • Annual MD Truck Sales by Powertrain Type, World Markets: 2017-2027
  • Annual HD Truck Sales by Powertrain Type, World Markets: 2017-2027
  • Annual Truck Sales by Powertrain Type, World Markets: 2017-2027
  • Annual Truck Sales by Fuel Type, World Markets: 2017-2027
  • Annual Truck Sales by Vehicle Category, World Markets: 2017-2027
  • Annual MD Electric Drive Truck Sales by Region, World Markets: 2017-2027
  • Annual HD Electric Drive Truck Sales by Region, World Markets: 2017-2027
  • Annual Electric Truck Sales by Vehicle Category, World Markets: 2017-2027
  • Annual Electric Drive Truck Sales by Region, World Markets: 2017-2027
  • MD Truck Population by Powertrain Type, World Markets: 2017-2027
  • HD Truck Population by Powertrain Type, World Markets: 2017-2027
  • Truck Population by Powertrain Type, World Markets: 2017-2027
  • Truck Population by Fuel Type, World Markets: 2017-2027
  • Annual Truck Sales by Region, World Markets: 2017-2027
  • Truck Population by Region, World Markets: 2017-2027
  • Annual MD Truck Sales by Region, World Markets: 2017-2027
  • MD Truck Population by Region, World Markets: 2017-2027
  • Annual HD Truck Sales by Region, World Markets: 2017-2027
  • HD Truck Population by Region, World Markets: 2017-2027
  • Electric Drive Truck Sales by Country Pivot Table, World Markets: 2017-2027
  • Electric Drive Truck Sales by Powertrain Pivot Table, World Markets: 2017-2027
  • Electric Drive Truck Population by Country Pivot Table, World Markets: 2017-2027
  • Electric Drive Truck Population by Powertrain Pivot Table, World Markets: 2017-2027
  • Annual MD Electric Drive Truck Sales by Powertrain Type, United States: 2017-2027
  • Annual MD Electric Drive Truck Sales by Powertrain Type, Canada: 2017-2027
  • Annual MD Electric Drive Truck Sales by Powertrain Type, North America: 2017-2027
  • Annual MD Electric Drive Truck Sales by Powertrain Type, France: 2017-2027
  • Annual MD Electric Drive Truck Sales by Powertrain Type, Germany: 2017-2027
  • Annual MD Electric Drive Truck Sales by Powertrain Type, United Kingdom: 2017-2027
  • Annual MD Electric Drive Truck Sales by Powertrain Type, Rest of Western Europe: 2017-2027
  • Annual MD Electric Drive Truck Sales by Powertrain Type, Western Europe: 2017-2027
  • Annual MD Electric Drive Truck Sales by Powertrain Type, Russia: 2017-2027
  • Annual MD Electric Drive Truck Sales by Powertrain Type, Rest of Eastern Europe: 2017-2027
  • Annual MD Electric Drive Truck Sales by Powertrain Type, Eastern Europe: 2017-2027
  • Annual MD Electric Drive Truck Sales by Powertrain Type, China: 2017-2027
  • Annual MD Electric Drive Truck Sales by Powertrain Type, Japan: 2017-2027
  • Annual MD Electric Drive Truck Sales by Powertrain Type, India: 2017-2027
  • Annual MD Electric Drive Truck Sales by Powertrain Type, Rest of Asia Pacific: 2017-2027
  • Annual MD Electric Drive Truck Sales by Powertrain Type, Asia Pacific: 2017-2027
  • Annual MD Electric Drive Truck Sales by Powertrain Type, Brazil: 2017-2027
  • Annual MD Electric Drive Truck Sales by Powertrain Type, Mexico: 2017-2027
  • Annual MD Electric Drive Truck Sales by Powertrain Type, Rest of Latin America: 2017-2027
  • Annual MD Electric Drive Truck Sales by Powertrain Type, Latin America: 2017-2027
  • Annual MD Electric Drive Truck Sales by Powertrain Type, Middle East & Africa: 2017-2027
  • Annual HD Electric Drive Truck Sales by Powertrain Type, United States: 2017-2027
  • Annual HD Electric Drive Truck Sales by Powertrain Type, Canada: 2017-2027
  • Annual HD Electric Drive Truck Sales by Powertrain Type, North America: 2017-2027
  • Annual HD Electric Drive Truck Sales by Powertrain Type, France: 2017-2027
  • Annual HD Electric Drive Truck Sales by Powertrain Type, Germany: 2017-2027
  • Annual HD Electric Drive Truck Sales by Powertrain Type, United Kingdom: 2017-2027
  • Annual HD Electric Drive Truck Sales by Powertrain Type, Rest of Western Europe: 2017-2027
  • Annual HD Electric Drive Truck Sales by Powertrain Type, Western Europe: 2017-2027
  • Annual HD Electric Drive Truck Sales by Powertrain Type, Russia: 2017-2027
  • Annual HD Electric Drive Truck Sales by Powertrain Type, Rest of Eastern Europe: 2017-2027
  • Annual HD Electric Drive Truck Sales by Powertrain Type, Eastern Europe: 2017-2027
  • Annual HD Electric Drive Truck Sales by Powertrain Type, China: 2017-2027
  • Annual HD Electric Drive Truck Sales by Powertrain Type, Japan: 2017-2027
  • Annual HD Electric Drive Truck Sales by Powertrain Type, India: 2017-2027
  • Annual HD Electric Drive Truck Sales by Powertrain Type, Rest of Asia Pacific: 2017-2027
  • Annual HD Electric Drive Truck Sales by Powertrain Type, Asia Pacific: 2017-2027
  • Annual HD Electric Drive Truck Sales by Powertrain Type, Brazil: 2017-2027
  • Annual HD Electric Drive Truck Sales by Powertrain Type, Mexico: 2017-2027
  • Annual HD Electric Drive Truck Sales by Powertrain Type, Rest of Latin America: 2017-2027
  • Annual HD Electric Drive Truck Sales by Powertrain Type, Latin America: 2017-2027
  • Annual HD Electric Drive Truck Sales by Powertrain Type, Middle East & Africa: 2017-2027
  • MD Electric Drive Truck Population by Powertrain Type, North America: 2017-2027
  • MD Electric Drive Truck Population by Powertrain Type, Western Europe: 2017-2027
  • MD Electric Drive Truck Population by Powertrain Type, Eastern Europe: 2017-2027
  • MD Electric Drive Truck Population by Powertrain Type, Asia Pacific: 2017-2027
  • MD Electric Drive Truck Population by Powertrain Type, Latin America: 2017-2027
  • MD Electric Drive Truck Population by Powertrain Type, Middle East & Africa: 2017-2027
  • HD Electric Drive Truck Population by Powertrain Type, North America: 2017-2027
  • HD Electric Drive Truck Population by Powertrain Type, Western Europe: 2017-2027
  • HD Electric Drive Truck Population by Powertrain Type, Eastern Europe: 2017-2027
  • HD Electric Drive Truck Population by Powertrain Type, Asia Pacific: 2017-2027
  • HD Electric Drive Truck Population by Powertrain Type, Latin America: 2017-2027
  • HD Electric Drive Truck Population by Powertrain Type, Middle East & Africa: 2017-2027
  • MD Electric Drive Truck Population by Powertrain Type, World Markets: 2017-2027
  • HD Electric Drive Truck Population by Powertrain Type, World Markets: 2017-2027
  • Electric Drive Truck Population by Powertrain Type, World Markets: 2017-2027
  • Electric Drive Truck Population Penetration by Powertrain Type, World Markets: 2017-2027
  • Truck Size Definition
  • Powertrain Terminology
  • European Union Emissions Standards for New Heavy Vehicles
  • China – National Subsidies for New Energy Trucks and Vocational Vehicles

{"userID":"","pageName":"Market Data: Electric Drive Trucks","path":"\/research\/market-data-electric-drive-trucks","date":"12\/16\/2017"}