Europe Electric Trucks Market Growth Trends, Volume Insights and Outlook 2032

 

Future of Europe Electric Trucks Market: Key Dynamics, Size & Share Analysis

The Europe Electric Trucks Market size is valued at around USD 1.96 billion in 2025 and is projected to reach USD 35.2 billion by 2032. Along with this, the market is estimated to grow at a CAGR of around 51.07% during the forecast period, i.e., 2026-32. The market is experiencing significant growth as governments, manufacturers, and logistics operators work to meet the region's decarbonization targets. The market growth receives its main promotional force from EU emission standards, which require heavy-duty vehicles to reduce their CO2 output by 90% before 2040. The regulatory push has forced Volvo Trucks and Daimler to speed up their zero-emission truck fleet development, which includes the Volvo FH Electric that operates in Germany and the Netherlands.

Top Challenges Impacting the Europe Electric Trucks Market Growth

High Production & Ownership Costs – The Electric Trucks Industry faces a major obstacle because electric trucks have expensive production costs and maintenance expenses, which exceed the total cost of operating diesel trucks. According to a study by McKinsey, the price of emissions-free heavy trucks in Europe stands at 2.5-3 times the cost of standard diesel trucks because battery packs and manufacturing procedures remain expensive. The difference in cost between electric and diesel vehicles creates a major barrier to adoption because it prevents small and mid-sized fleet operators from using electric vehicles, as they have limited financial resources.

Understanding the Core Segments in the Europe Electric Trucks Market

Europe Electric Trucks Market Size, Share & Industry Trends Analysis- By Propulsion Type (Battery-Electric, Fuel-Cell Electric, Plug-in Hybrid), By Truck Type (Light Truck (Up to 3.5 t), Medium-Duty Truck (3.6 to 12 t), Heavy-Duty Truck (Above 12 t), Tractor-Trailer), By Battery Type (Lithium-Nickel-Manganese-Cobalt Oxide (NMC), Lithium-Iron-Phosphate (LFP), Others (NCA, LTO, solid-state prototypes)), By Battery Capacity (Less Than 50 kWh, 50 to 250 kWh, Above 250 kWh), By Range (Up to 200 km (urban), 201 to 400 km (regional), Above 400 km (long-haul) and others.

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Geographical Analysis of the Europe Electric Trucks Market

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Germany is one of the leading countries in the European Electric trucks industry, accounting for around 31% market share due to the rising research & development for electrifying the automotive sector in the country.

Who Dominates the Europe Electric Trucks Market Insights on Key Industry Players?

Companies are strengthening their presence in the consumer electronics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.d

  • AB Volvo
  • Daimler Truck AG
  • Scania AB
  • MAN Truck and Bus
  • DAF Truck N.V
  • Renault Trucks
  • IVECO Group
  • BYD
  • Tesla
  • Others (Nusana) and others.

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Why Choose This MarkNtel Advisors Research Report

  1. Comprehensive Insights – Offers a 360° view of the market, combining qualitative and quantitative analysis for a deep understanding of trends, drivers, challenges, and opportunities.
  2. Reliable Data Sources – Data is gathered through verified primary and secondary sources, ensuring accuracy and credibility.
  3. Actionable Forecasts – Advanced predictive modeling and time-series analysis provide practical insights to guide strategic decisions and business planning.
  4. Expert Analysis – Insights from industry experts help interpret complex market dynamics, delivering clarity beyond the numbers.
  5. Customized & Strategic Reporting – The report includes detailed charts, graphs, and strategic recommendations tailored to support business growth and investment decisions.
  6. Trusted Methodology – Built on rigorous research principles, including precise sampling, data validation, and forecasting techniques, reflecting the trust businesses place in MarkNtel Advisors.

"This report equips decision-makers with actionable intelligence, enabling them to navigate market complexities with confidence and foresight."

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MarkNtel Advisors is a leading research and consulting firm providing strategic intelligence across the automotive industry, spanning automobiles, electric vehicles, autonomous driving, and automotive components & electronics. Our research helps OEMs, suppliers, and investors navigate regulatory shifts, evolving mobility patterns, and emerging EV ecosystems. With Custom Market Analysis, we deliver tailored research solutions that address specific business objectives, empowering clients to optimize investments, accelerate innovation, and sustain long-term growth in the global automotive market.

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