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The Heavy Duty Electric Truck market is a segment within the broader Electric and Hybrid Vehicles industry, focused on the development, manufacture, and sale of electrically powered trucks that are capable of handling large payloads and extensive driving ranges necessary for industrial and commercial use. These vehicles are designed to offer an eco-friendly alternative to traditional diesel-powered trucks by reducing greenhouse gas emissions and dependence on fossil fuels. The market includes fully electric trucks (battery-electric vehicles, or BEVs) and, to a lesser extent, hybrid electric trucks which combine an internal combustion engine with an electric drivetrain. Technological advancements in battery density, energy storage, and power efficiency are driving improvements in the range and capabilities of these heavy-duty electric vehicles, making them increasingly viable for a wide range of transport applications.
Key players in the Heavy Duty Electric Truck market include Tesla, Inc., which is known for its Tesla Semi, a fully electric class 8 truck. Other notable companies are Daimler Trucks North America LLC, which offers the Freightliner eCascadia, and Volvo Trucks, with its Volvo VNR Electric model. In Asia, BYD Auto Co., Ltd. has a range of electric commercial vehicles, while in Europe, Scania AB and MAN SE are actively developing their range of electric trucks to meet the growing demand for sustainable heavy-duty transport solutions. Show Less Read more