Europe Electric Trucks Market 2032: Size, Growth Drivers &...

Europe Electric Trucks Market 2032: Size, Growth Drivers & Competitive Landscape

Posted 2025-10-31 05:45:21

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Future 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.

Top Driver Impacting the Europe Electric Trucks Market Growth

Stringent Emission Regulations Driving Market Growth – The strict regulatory system, which aims to minimize carbon emissions, stands as the main force driving the European Electric Trucks Industry. The European Union established two major targets that demand heavy-duty vehicles to achieve a 45% reduction in CO₂ emissions by 2032 and a 90% reduction by 2040. The policies drive manufacturers to develop new electric trucks at a faster pace because MAN Truck & Bus and Daimler lead the market with their zero-emission models for both regional and long-haul transportation.

For instance, in 2024, MAN Truck & Bus presented its eTruck series to introduce electric freight solutions for cities and surrounding areas. The regulatory framework extends beyond basic compliance and shapes how fleet operators decide which vehicles to acquire. The future carbon penalties and sustainability targets have made DHL and DB Schenker adopt electric trucks as their solution. The policy initiative drives public agencies to build modern infrastructure, which includes high-capacity charging stations that support electric vehicle deployment between cities and inside metropolitan areas.

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Understanding the Core Segments in the Europe Electric Trucks

Europe Electric Trucks 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

Geographical Analysis of the Europe Electric Trucks

-By Region

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 Insights on Key Industry Players?

Companies are strengthening their presence in the Europe Electric Trucks 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

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

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Why Choose This MarkNtel Advisors Research Report

Comprehensive Insights – Offers a 360° view of the market, combining qualitative and quantitative analysis for a deep understanding of trends, drivers, challenges, and opportunities.
Reliable Data Sources – Data is gathered through verified primary and secondary sources, ensuring accuracy and credibility.
Actionable Forecasts – Advanced predictive modeling and time-series analysis provide practical insights to guide strategic decisions and business planning.
Expert Analysis – Insights from industry experts help interpret complex market dynamics, delivering clarity beyond the numbers.
Customized & Strategic Reporting – The report includes detailed charts, graphs, and strategic recommendations tailored to support business growth and investment decisions.
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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About us:

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.