Heavy-Duty Electric Trucks: Powering the Next Era of Freight

 

Heavy-duty electric trucks are battery-powered commercial vehicles built to haul large loads — often classified as Class 7 and Class 8 trucks (typically GVWR above ~26,000 lb / ~12 000 kg). They use large battery packs and electric motors instead of diesel engines to deliver high torque and lower emissions for freight, logistics, construction, and regional haul operations.

The global heavy-duty electric trucks market size is expected to reach USD 6.45 billion by 2033, registering a CAGR of 15.1% from 2026 to 2033, according to a new report by Grand View Research, Inc. The market is growing due to government incentives and stringent emission regulations, which encourage the shift from traditional diesel to electric vehicles (EVs).

Market & Adoption Trends

The global heavy-duty electric truck market is growing quickly — expected to expand significantly through 2033 as fleets electrify for cost and emission benefits.

Adoption is strongest where regional haul and logistics routes are predictable and charging infrastructure is developing.

Countries like China are rapidly shifting new heavy truck sales from diesel to electric, with electric adoption rising sharply

Technological Advancements

Battery tech improvements (higher energy density, lower cost) are enabling greater range and payload capability.

Charging infrastructure & battery swapping reduce downtime, a major adoption barrier.

Asia-Pacific (especially China)

• Asia-Pacific dominated the HDET market in 2025 with ~85 % global share.
• China’s HDET market alone is forecast to grow from ≈USD 1.19 billion (2025) to ≈USD 4.01 billion by 2033 at ~15.3 % CAGR.
• In China, government incentives, battery supply chain scale, and battery swapping networks are accelerating adoption — with electric trucks potentially reaching 50 % of new truck sales by 2028 per industry leaders.

North America

• The U.S. HDET market is expected to grow influenced by zero-emission vehicle (ZEV) mandates and federal incentives, particularly under programs like the Inflation Reduction Act and state policies (e.g., California’s Advanced Clean Trucks rule).

India

• India’s HDET market revenue was about USD 139.7 million in 2025, expected to grow to ~USD 487 million by 2033 with ~15.8 % CAGR.
• Electric tractor trailers and tippers are emerging segments, with fleet owners showing interest due to lower TCO and supportive EV policies.

Request a free sample copy or view report summary: Heavy-duty Electric Trucks Market Report

Key Heavy-duty Electric Trucks Companies:

AB Volvo

BYD Motors Inc.

Nikola Corporation

Daimler Truck AG

Navistar, Inc.

Scania

Tevva Motors Limited

Kenworth Truck Company

DAF Trucks

SAIC HONGYAN Automotive Co., Ltd.

Recent Developments

In December 2025, Volvo Trucks launched a new 14-tonne entry-level Volvo FL Electric, designed specifically for inner-city transport and door-to-door deliveries with zero tailpipe emissions and low noise. The truck features a new battery configuration with 145 kWh usable energy, offering a range of up to 200 km depending on operating conditions. A 180 kW electric motor powers it and is available in multiple wheelbases, axle setups, and battery options, allowing customers to tailor the vehicle to their needs. The compact design, including a vehicle width down to 2.4 meters, improves agility in narrow city streets without compromising body-building flexibility.

 

In May 2024, Volvo Financial Services and Volvo Trucks North America partnered to launch Volvo on Demand, an innovative initiative aimed at revolutionizing the Truck-as-a-Service (TaaS) industry model. Utilizing a fleet of 25 Class 8 Volvo VNR electric trucks, Volvo on Demand offers an accessible solution for acquiring battery-electric vehicles, reducing the need for significant upfront investments.

 

In May 2024, BAE Systems and Eaton Corporation expanded their partnership to encompass EV solutions designed for heavy-duty trucks. This collaboration aims to provide original equipment manufacturers and commercial vehicle modifiers with a comprehensive, efficient, advanced, and adaptable EV system suitable for various zero-emission platforms.