Europe Electric Trucks Market Size & Insights

According to MarkNtel Advisors study The future of 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. 

What are the Key Driver in the Europe Electric Trucks Market?

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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What are the Key Segments in the Europe Electric Trucks Market?

The Europe Electric Trucks is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

• 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)

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How does geographical analysis highlight in the Europe Electric Trucks market?

By Country

·       The UK

·       The Netherlands

·       France

·       Spain

·       Italy

·       Germany

·       Poland

·       Ukraine

·       Rest of Europe

Who are the Key Players in Europe Electric Trucks Market?

·       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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Europe Electric Trucks Market News

2025: Scania AB launched its "Electric Journey: an optimisation road show" across Europe. The purpose of the 20,000+ km roadshow was to showcase Scania's growing portfolio of electric vehicles, offer customer test drives, and address concerns about battery and charging strategies.

2024: MAN Trucks has begun series production of its heavy-duty eTGM model in Munich and plans to start large-scale in-house battery production in Nuremberg. The company offers electric trucks with daily ranges up to 800 km, catering to various logistics needs.

Key pillars of the research methodology include:

·       Scope & Research Design – Clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.

·       Sample Selection & Data Collection – Representative samples achieved through proven techniques like random and stratified sampling, supported by reliable tools such as surveys, interviews, and observations.

·       Data Analysis & Validation – Rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.

·       Forecasting & Finalization – Predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.

"Our methodology reflects the trust businesses place in us. By combining innovation with precision, we deliver not just numbers, but clarity and direction for decision-makers worldwide," said a spokesperson for MarkNtel Advisors.

Why This MarkNtel Advisors Research Report:

• In-depth Market Analysis: Understand trends and dynamics shaping growth.
• Segmented Insights: Target specific segments for focused strategies.
• Geographical Performance: Assess market opportunities by geographic area.
• Emerging Technologies: Discover advancements like AI integration.
• Risk Identification: Pinpoint challenges to inform strategic planning.
• Future Forecasts: Prepare for market changes with actionable projections.

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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.

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