Electric Truck Report Released
Jan. 2, 2020—IDTechEx has released a report on the forecast of electric trucks over the next decade.
Along with the rest of the automotive sector, the medium and heavy-duty truck market is evolving, according to the report. Governments around the world, recognizing the potentially catastrophic repercussions of unfettered climate change and witnessing the detrimental impact on human health from vehicle exhaust pollutant emissions in urban environments, are taking decisive action, that will, in the coming decades, drive vehicle manufacturers to zero on-road exhaust emission powertrain solutions. Consequently, the days of the fossil fuel-powered combustion engine are numbered.
In the face of tightening CO2 emission legislation for new trucks and increasing pressure to limit people's exposure to hazardous air pollutants in city centers, a much cleaner source of power is required for the future medium and heavy-duty trucks. This need is compounded by the increasing demand for freight delivery, as the retail industry grows its online sales platforms and people gradually abandon private car ownership for mobility as a service (Maas) platforms.
Diesel and petrol combustion engines are already a technology of the past; prudent companies in the automotive industry are already transitioning themselves toward the electric and fuel cell supply chain. All major truck OEMs are now investing in zero-emission trucks projects for fear of being left behind.
The IDTechEx "Electric Truck 2020-2030" report is intended to help businesses across the automotive value chain plan for the future in this rapidly changing market. The report provides 48 forecast lines for battery electric and fuel cell electric trucks, which includes a 10-year outlook for vehicle production, market penetration and market value, with separate forecasts for both the medium and heavy-duty truck markets and regional segmentation for China, North America, Europe and ROW. An up-to-date overview of the battery and fuel cell electric truck market is provided in the report, with details about current demonstration projects and efforts by major players in the industry to commercialize zero-emission trucks across each of the key regions. The report presents the background of technology development in the electric truck market, including fuel cells and electric hybridization, along with a discussion of key enabling technologies for electric truck deployment, such as batteries, motors and charging infrastructure.
To find out more about Electric Vehicle research available from IDTechEx, visit www.IDTechEx.com/research/EV.