Electric Truck Market Potential Is Massive
EV truck sales expected to increase beyond 100,000 by 2029
According to the Visiongain report about the electric truck market, the potential is huge – up to $37.2 billion in just 10 years from now.
Assuming an average price of the electric trucks, we could estimate the sales volume:
- at $100,000 per truck – 372,000 trucks per year
- at $200,000 per truck – 186,000 trucks per year
- at $300,000 per truck – 124,000 trucks per year
Of course, truck pricing depends on if we’re assuming electric pickup trucks for the consumer market, or larger commercial semi trucks. It will surely be a mix of both.
As the global all-electric bus market hit 90,000 per year, we could probably assume that sales of trucks will also be in the six-digit range, especially 10 years from now.