Electric Truck Market 2019 Analysis, Future Opportunities and Market Forecast to 2030 - Orange EV, Tesla, HINO MOTORS SALES

As the name suggests, electric trucks are the electric vehicles that are specially designed to deliver consignments. These vehicles run on batteries and have key applications for more than 10 years. Recently, the electric trucks domain witnessed the launch of lithium-ion batteries that significantly enhanced the range of these vehicles. This allows the electric trucks to cover distance of hundreds of miles, making them suitable for more applications in different industries. With such increasing advancements, the electric trucks are effectively replacing the traditional trucks and an additional benefit of creating no local pollution. The governments from various economies are focusing on implementing these trucks since they considerably improve human health due to no vehicle pollution in urban environment.

Market Industry Reports (MIR) has published a new report titled "Electric Truck Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030." According to the report, the global Electric Truck market is estimated to account forover US$9.2 billion in 2019. It is anticipated to grow at a CAGR of 17.7% from 2019 to 2030. 

Major Key Players of the Electric Truck Market are:Orange EV, Tesla, HINO MOTORS SALES U.S.A., GOUPIL, IVECO, Cummins Inc., BYD Motors Inc., Daimler AG, Nikola Corporation, and AB Volvo, among others.

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