Which Factors are Accelerating the Growth of European Medium-duty and Heavy-duty Electric Trucks?
New product launches and competitive intensity will accelerate the future growth potential of electric commercial vehicles
Research Overview
Countries across the world are shifting towards a low-carbon economy. In Europe, the transition to zero-emission vehicles is an important element of the low-emission mobility strategy. City administrative bodies and local authorities play pivotal roles in this transition by providing incentives for low-emission vehicles and deploying charging infrastructure.
Electric vehicles are gaining traction as part of this shift, with rapid penetration expected beyond 2025 as the market matures for EV adoption and more EVs become available for commercial sale. In Europe, the battery-electric trucks in the medium-duty (MD) and heavy-duty (HD) segments will reach 28,648 and 160,561 units by 2030, respectively. Battery-electric truck penetration will be the highest in Germany, with 48.2% in the MD segment and 43% in the HD segment.
Government incentives and programs, like the electro-mobility directive from Germany, electric charging funding in France, and the Efficient and Sustainable Mobility Incentives (MOVES) II program in Spain, will drive electrification and the growth of charging infrastructure.
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