Electric Truck and Heavy Duty Charging Market Research Report By Truck Type (Light-duty Electric Trucks, Medium-duty Electric Trucks, Heavy-duty Electric Trucks), by Propulsion Type (Battery Electric Trucks (BEVs), Hybrid Electric Trucks (HEVs), Plug-in Hybrid Electric Trucks (PHEVs), Fuel Cell Electric Trucks (FCEVs)), by Application (Delivery Trucks, Refuse Collection Trucks, Vocational Trucks, Long-haul Trucks and Others), by Charger Type (DC Charger (Wall Mounted Chargers, Pedestal Mounted Chargers), AC Charger), by Standard (Megawatt C

Global Electric Truck and Heavy Duty Charging Market Overview

Global Electric Truck Market Size was valued at USD 3,542.7 million in 2022. The Electric Truck market industry is projected to grow from USD 4,876.6 Million in 2023 to USD 31,198.3 million by 2032, exhibiting a compound annual growth rate (CAGR) of 22.9% during the forecast period (2023 - 2032). Global Heavy Duty Charging Market Size was valued at USD 8,365.8 million in 2022. The Heavy Duty Charging market industry is projected to grow from USD 9,908.7 Million in 2023 to USD 65,309.0 million by 2032, exhibiting a compound annual growth rate (CAGR) of 23.3% during the forecast period (2023 - 2032).  

Electric vehicles use energy stored in the vehicle's onboard batteries to power one or more electric motors that power the wheels. Heavy Duty Charging services allow EV drivers to charge their vehicles publicly. Most heavy duty charging stations are fast charging and slow charging. Fast charging are able to deliver between 50 kW and 350 kW of power. An hour of charging at a 350 kW Level 3 charging station can expect up to 298 miles of range, and at 50 kW you can expect up to 173 miles of range. The most efficient way to charge an electric truck depends on several factors. These factors include, but are not limited to, mileage and battery size. When powering heavy electric trucks, charging strategies typically vary between overnight charging, charging at destination, and charging while on the road. Electric trucks typically have larger batteries and may require longer charging times than electric cars. For this reason, some charging stations may offer special fast charging options for electric trucks to reduce charging time.

As per Analyst at MRFR, “As demand for varied charging points continues to soar, efficient EV charging software solutions have become indispensable. The ballooning global charging infrastructure presents immense opportunities for the EV charging software market, which can optimize and complement the expanding infrastructure, ensuring seamless and convenient charging experiences for EV users.”

Figure 1: Global Electric Truck Market Size 2019-2032 (Usd Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Figure 2: Global Heavy Duty Charging Market Size 2019-2032 (Usd Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Electric Truck and Heavy Duty Charging Market Trends

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  Global Surge In Fast Charging Infrastructure

  
  

The heavy electric vehicle charging market is seeing a significant increase in the expansion of fast charging infrastructure around the world. This trend is being driven by concerted efforts to increase the availability of public fast-charging stations, address concerns about range anxiety, and enable electric trucks to travel longer distances. In particular, the number of fast chargers around the world increased significantly to 330,000 in 2022. China played a key role in this increase, in particular he set up his 90% of new units in 10 provinces. Europe also made a significant contribution, increasing the installation of fast chargers by 55%. 

The focus on fast charging infrastructure reflects a strategic move to make electric trucking more practical and convenient for operators in a variety of regions. A key trend in the heavy-duty electric vehicle charging market is an increasing reliance on off-shift depot charging, necessitating the establishment of new depots and upgrades to existing network infrastructure. This shift highlights the critical role of infrastructure development in supporting the electrification of long-haul trucking. Initiatives such as the Milence joint venture, supported by significant investment in over 1,700 fast and ultra-fast chargers, demonstrate the industry's commitment to building a robust charging ecosystem. With a focus on off-shift charging, strategically located vehicles will be built to meet the operational needs of heavy-duty electric vehicles, ensure seamless charging, and support the widespread adoption of electric trucks in a variety of logistics and transportation scenarios. It emphasizes the importance of well-established locations and modernized networks.

Electric Truck and Heavy Duty Charging Market Segment Insights

Electric Truck Type Insights

Based on truck type the Electric Truck and Heavy Duty Charging Market is segmented into light-duty electric trucks, medium-duty electric trucks, and heavy-duty electric trucks. Light-duty electric trucks would be the majority shareholder in 2022, contributing around 40.1% to the market revenue. Governments in various countries have implemented stringent regulations aimed at arresting the rising levels of vehicular pollution. Battery electric trucks are heavier than light trucks, can tow larger loads, and can operate for longer periods of time, requiring more power.

Figure 3: Global Electric Truck Market, By Type, 2022 Vs 2032 (Usd Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Electric Truck Propulsion Type Insights

Based on Propulsion Type the Electric Truck and Heavy Duty Charging Market is segmented into Battery Electric Trucks (BEVs), Hybrid Electric Trucks (HEVs), Plug-in Hybrid Electric Trucks (PHEVs), Fuel Cell Electric Trucks (FCEVs). Battery Electric Trucks (BEVs) would be the majority shareholder in 2022, contributing around 54.6% to the market revenue. Battery electric vehicles (BEVs) use energy stored in batteries that are charged with electricity from the grid. Electric vehicles (FCEVs) equipped with fuel cell technology run on hydrogen, which is converted to electricity while driving.

Electric Truck and Heavy Duty Charging Application Insights

Based on type the Electric Truck and Heavy Duty Charging Market is segmented into AC Charging Station and DC Charging Station. AC Charging Station held the majority share in 2022. AC charging stations, also known as AC charging stations, are a type of electric vehicle (EV) charging infrastructure that uses the standard electrical grid. These convert alternating current from the grid into the direct current required by electric vehicle batteries through an integrated charger. AC charging stations are generally slower than DC charging stations and typically provide between 3 and 22 kilowatts (kW) of charging power.

Electric Truck Application Insights

Based on application the Electric Truck and Heavy Duty Charging Market is segmented into delivery trucks, refuse collection trucks, vocational trucks, long-haul trucks and others. Delivery Trucks would be the majority shareholder in 2022, contributing around 34.7% to the market revenue. With online shopping and e-commerce on the rise, delivery trucks play a critical role in smoothly moving goods and products from warehouses to consumers' doorsteps.

Electric Truck and Heavy Duty Charging Standard Insights

Based on charger type the Electric Truck and Heavy Duty Charging Market is segmented into DC charger and AC charger. DC charger is further segmented into wall mounted chargers and pedestal mounted chargers. AC Charger would be the majority shareholder in 2022, contributing around 61.4% to the market revenue. AC charging stations, also known as AC charging stations, are a type of electric vehicle (EV) charging infrastructure that uses the standard electrical grid. These convert alternating current from the grid into the direct current required by electric vehicle batteries through an integrated charger. AC charging stations are generally slower than DC charging stations and typically provide between 3 and 22 kilowatts (kW) of charging power.  

Electric Truck and Heavy Duty Charging Charging Method Insights

Based on Standard the Electric Truck and Heavy Duty Charging Market is segmented into Megawatt Charging System (MCS), Combined Charging System (CCS), and Others. The Megawatt Charging System (MCS) is a charging connector under development for large battery electric vehicles. This connector provides a charging rating of up to 3.75 megawatts (3,000 amps at 1,250 volts direct current (DC)).

Figure 4: Global Heavy Duty Charging Market, By Type, 2022 Vs 2032 (Usd Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Electric Truck and Heavy Duty Charging Charging Station Insights

Based on Charging Method the Electric Truck and Heavy Duty Charging Market is segmented into Fast Charging and Slow Charging. Fast Charging would be the majority shareholder in 2022, contributing around 65.1% to the market revenue. The biggest advantage of using fast-charging batteries is that in most cases, you "own" the battery, giving you more control over the charge and discharge cycles.

Electric Truck and Heavy Duty Charging Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East and Africa and South America. The number of fast chargers increased by 330,000 globally in 2022. Asia-Pacific dominates the Electric Truck and Heavy Duty Charging market in 2022. Asia Pacific is likely to be the largest contributor to the Electric Truck and Heavy Duty Charging market. This includes countries such as China, Japan, India, South Korea, Thailand, Taiwan, Malaysia, Vietnam and Rest of Asia-Pacific. The electric vehicle Electric Truck and Heavy Duty Charging market in Asia Pacific has grown significantly in recent years and is expected to continue to grow rapidly. Several start-ups and established players have entered the market to meet this demand. As supportive government policies and initiatives drive the uptake of electric vehicles across the region, demand for public charging infrastructure is rapidly increasing. China was once again the front runner, accounting for around 60% of global electric vehicle sales. More than half of the electric vehicles on the world's roads are now in China, and the country's new energy vehicle sales have already exceeded the 2025 target. China accounts for total of 760 000 fast chargers.

North America is one of the fastest growing markets for Electric Truck and Heavy Duty Charging in the world. The United States installed 6,300 fast chargers in 2022, about three-quarters of which were Tesla Superchargers. The total stock of fast chargers reached 28,000 at the end of 2022. Deployment is expected to accelerate in the coming years following government approval of the National Electric Vehicle Infrastructure Formula Program (NEVI).

In Europe the overall fast charger stock numbered over 70,000 by the end of 2022, an increase of around 55% compared to 2021. The countries with the largest fast charger stock are Germany (over 12 000), France (9 700) and Norway (9 000).

Figure 5: Global Electric Truck Market Size By Region 2022 Vs 2032

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Figure 6: Global Heavy Duty Charging Market Size By Region 2022 Vs 2032

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Electric Truck and Heavy Duty Charging Key Market Players & Competitive Insights

The global market for Electric Truck and Heavy Duty Charging has witnessed significant growth over the forecast period due to the growing e-commerce industry. There are several domestic, regional, and global players operating in the Electric Truck and Heavy Duty Charging market who continuously strive to gain a significant share of the overall market. During the study, MRFR has analyzed some of the major players in the Electric Truck and Heavy Duty Charging market who have contributed to the market growth includes ABB¸ Siemens¸ Bombardier¸ Kempower¸ Tesla¸ Proterra, ChargePoint, Inc., Efacec, CharIN e.V., EVgo Services LLC, Foton Motor Inc., BYD Company Ltd., Daimler Truck AG, Nikola Corporation, PACCAR Inc, Dongfeng Motor Company, SAIC Hongyan, Sany, Tesla, and Volvo among others.

Among these, BYD Company Ltd, Daimler Truck AG, Tesla, ABB¸ Siemens and ChargePoint, Inc are among the top players in the Electric Truck and Heavy Duty Charging Market. These players focus on expanding and enhancing their product portfolio and services to remain competitive and increase their customer base. Additionally, these players are focusing on partnerships & collaborations to expand their business and customer base to enhance their market position.

Key Companies in the Electric Truck and Heavy Duty Charging market include.

• ABB


• Siemens


• Bombardier


• Kempower


• Tesla


• Proterra


• ChargePoint, Inc.


• Efacec


• CharIN e.V.


• EVgo Services LLC


• Foton Motor Inc.


• BYD Company Ltd.


• Daimler Truck AG


• Nikola Corporation


• PACCAR Inc


• Dongfeng Motor Company


• SAIC Hongyan


• Sany


• Tesla


• AB Volvo

Electric Truck and Heavy Duty Charging Industry Developments

In July 2024, the German government initiated a project to construct a comprehensive rapid-charging infrastructure across the country specifically designed for heavy-duty vehicles. This endeavor is part of Berlin's objective to eliminate carbon emissions from the transportation industry by 2045. In 2023, greenhouse emissions in Europe's largest economy reached their lowest point in 70 years. However, the transport industry has repeatedly been unable to achieve its climate goals. Germany's objective is to have approximately one-third of its large road haulage vehicles powered by electricity or fueled by electrically produced synthetic methane or hydrogen by 2030. As of April, the commercial truck fleet in Germany consisted of only 2.1% electric vehicles, according to the federal road traffic authority KBA.

In March 2024, Hitachi America, Ltd. (Hitachi), Hitachi Energy, and Penske Truck Leasing together introduced a comprehensive and unified system for charging electric trucks on a wide scale. This innovative initiative facilitates Penske's implementation of electric trucks for its clients in the Stockton, California region. Hitachi Energy has provided Penske with its advanced Grid-eMotion® Fleet EV charging equipment for this pilot project. The integrated direct current (DC) rapid charging solution is specifically engineered to expand and provide charging capabilities at a level of several million watts, customized to meet the rigorous needs of vehicle fleets of different sizes. The new system's notable advantages include its capacity to decrease space requirements by up to 60 percent in comparison to traditional charging systems.

Electric Truck and Heavy Duty Charging Market Segmentation

Electric Truck and Heavy Duty Charging Truck Type Outlook

• Light-duty Electric Trucks


• Medium-duty Electric Trucks


• Heavy-duty Electric Trucks

Electric Truck and Heavy Duty Charging Propulsion Type Outlook

• Battery Electric Trucks (BEVs)


• Hybrid Electric Trucks (HEVs)


• Plug-in Hybrid Electric Trucks (PHEVs)


• Fuel Cell Electric Trucks (FCEVs)

Electric Truck and Heavy Duty Charging Application Outlook

• Delivery Trucks


• Refuse Collection Trucks


• Vocational Trucks


• Long-haul Trucks


• Others

Electric Truck and Heavy Duty Charging Charger Type Outlook

• DC Charger
  
  
  
  • Wall Mounted Chargers
  
  
  • Pedestal Mounted Chargers
  
  
  
  


• AC Charger

Electric Truck and Heavy Duty Charging Standard Outlook

• Megawatt Charging System (MCS)


• Combined Charging System (CCS)


• Others

Electric Truck and Heavy Duty Charging Method Outlook

• Fast Charging


• Slow Charging

Electric Truck and Heavy Duty Charging Station Outlook

• Depot


• Enroute

Electric Truck and Heavy Duty Charging Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


• Europe
  
  
  
  • UK
  
  
  • Germany
  
  
  • France
  
  
  • Italy
  
  
  • Spain
  
  
  • Norway
  
  
  • Netherlands
  
  
  • Sweden
  
  
  • Finland
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • South Korea
  
  
  • Thailand
  
  
  • Taiwan
  
  
  • Malaysia
  
  
  • Vietnam
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Middle East & Africa
  
  
  
  • Saudi Arabia
  
  
  • UAE
  
  
  • Jordan
  
  
  • Rest of the Middle East & Africa
  
  
  
  


• South America
  
  
  
  • Brazil
  
  
  • Argentina
  
  
  • Chile
  
  
  • Colombia
  
  
  • Rest of South America