Rising Environmental Concerns Boost Electric Truck Market Through 2033

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2025-04-24 09:15:56 -

Global electric truck market is valued at $19.5 billion in 2023 and is expected to grow to $78 billion by 2033 at a 14.5% growth rate from 2023 to 2033. Electric trucks are battery-pack-powered commercial trucks used for carrying cargo. Importantly, motors in these vehicles contain fewer moving parts than in diesel engines, reducing the necessity for costly multi-speed gearboxes. This part...

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