Europe Electric Trucks Market Research Report: Forecast (2026–2032)

Market Insights & Analysis: Europe Electric Trucks Market (2026-32):

The 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. The market is experiencing significant growth as governments, manufacturers, and logistics operators work to meet the region's decarbonization targets. The market growth receives its main promotional force from EU emission standards, which require heavy-duty vehicles to reduce their CO2 output by 90% before 2040. The regulatory push has forced Volvo Trucks and Daimler to speed up their zero-emission truck fleet development, which includes the Volvo FH Electric that operates in Germany and the Netherlands.

The growth of e-commerce businesses and urban freight operations creates higher requirements for environmentally friendly transportation systems that operate with maximum efficiency. The companies DB Schenker and DHL have started using electric trucks for last-mile and regional deliveries, which proves these vehicles can work operationally. The European countries back this progress through major funding for charging stations, which Germany leads with its "Power to the Road" program to build fast charging networks along main highways for commercial vehicle operators.

Additionally, Electric truck adoption receives a major boost from decreasing total cost of ownership because batteries become more affordable and electric trucks need less maintenance. Fleet operators understand that their operational expenses will decrease over time because of changing energy costs and carbon reduction requirements. The development of megawatt charging systems, together with superior battery energy density improvements, makes long-haul electric trucking a more viable transportation option. Therefore, all these factors are anticipated to augment the size & volume of the Electric Trucks Market globally.

Europe Electric Trucks Market Scope:

Europe Electric Trucks Market Driver:

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.

Europe Electric Trucks Market Opportunity:

High-Capacity Charging Infrastructure Showing Bright Growth Prospects – The European Electric Trucks Market presents its primary opportunity in the expansion of huge capacity charging infrastructure spread throughout city and intercity transport corridors. As electric trucks gain adoption, range anxiety coupled with charging downtime becomes a hurdle for fleet operators, thus rendering the network of reliable charging and fast chargers critical to be able to fully support electric trucks. Governments and private stakeholders have invested in various programs.  For example, Germany’s program called "Power to the Road" aimed at the deployment of megawatt charging stations along major freight routes.

Moreover, this infrastructure development also presents immense potential for market participants, such as OEMs, energy providers, and logistics companies, who might link their vehicles to the best-charging solutions. Early support of such networks will minimize interruptions in operation and will help with route planning and fleet efficiency.  

Additionally, robust charging systems will probably speed up customer confidence and lead to better electric truck market penetration. For instance, the second half of 2025 will bring the release of Volvo FH Electric with its 600 km range and megawatt charging capabilities, which will enable fleet operators and infrastructure providers to benefit from cutting-edge electric truck technology, thus boosting market growth & expansion throughout Europe.

 Europe Electric Trucks Market Challenge:

High Production & Ownership Costs – The Electric Trucks Industry faces a major obstacle because electric trucks have expensive production costs and maintenance expenses, which exceed the total cost of operating diesel trucks. According to a study by McKinsey, the price of emissions-free heavy trucks in Europe stands at 2.5-3 times the cost of standard diesel trucks because battery packs and manufacturing procedures remain expensive. The difference in cost between electric and diesel vehicles creates a major barrier to adoption because it prevents small and mid-sized fleet operators from using electric vehicles, as they have limited financial resources.

Moreover, the increasing costs of lithium and nickel raw materials for essential components make the situation worse because they keep initial expenses high, even though operating costs will decrease in the future. The market demands OEMs to achieve cost savings through scale expansion and technological progress, while governments must continue backing electric truck deployment with financial aid to support their market growth.

Europe Electric Trucks Market Trend:

Inclination Towards Advanced Technologies – The main factors driving the growth due to the companies' adoption of new technologies, which improve both operational performance and environmental sustainability. The automotive sector depends on AI technology to enhance fleet operations through telematics systems, predictive maintenance, autonomous driving, and energy-efficient drive systems, which minimize downtime and extend vehicle range. The management of urgent deliveries becomes possible through these technologies, which provide instant route optimization and battery status tracking, and power usage prediction functions.

For instance, Mercedes-Benz Trucks launched their battery-electric eActros 600 in Q2 2025 to serve urban, regional, and long-distance routes across more than 15 European nations. The vehicle operates with a 600 kWh battery, which provides a driving distance of about 500 km, and its operational reliability improves through advanced telematics and energy management systems. The implementation of these technologies results in decreased operational expenses and makes fleet operators more willing to switch from diesel to electric trucks, thus boosting market growth.

Europe Electric Trucks Market (2026-32): Segmentation Analysis

The Europe Electric Trucks Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2026-2032 at the regional level. According to the analysis, the market has been further classified as:

Based on Propulsion Type:

• Battery Electric Truck (BET)
• Plug-in Hybrid Electric Truck (PHET)
• Fuel Cell Electric Truck (FCET)

Based on propulsion type, the Battery Electric Truck (BET) segment holds the largest market share. This is driven by the strict European Union emission standards, growing ecological consciousness, and operational cost benefits. BETs provide zero tailpipe emissions, lower fuel expenses, and decreased maintenance needs, which makes them appealing to logistics operators who want sustainable solutions that also boost operational efficiency.

Moreover, the increasing number of targets set by several countries in Europe to phase out conventionally fueled trucks across the EU-27 is another crucial aspect augmenting the demand for BETs. As a result, to support the sustainable goals of these countries, EV companies like MAN, Northvolt AB, etc., alongside battery manufacturers, have scaled up their production & distribution capacities to cater to the ever-growing end-user requirements for BETs, thereby propelling the overall market growth & expansion.

Based on Battery Capacity:

• Less Than 50 kWh
• 50-250 KWH
• Above 250 KWH

Based on battery capacity, 50-250KMH leads the market with the largest market share, around 56%. The battery capacity range operates at its best for regional and urban delivery work because it provides enough power for regular business needs while keeping expenses lower than bigger battery systems. The trucks operate at high efficiency because they deliver shortened charging times and enhanced payload capacity, which makes them suitable for last-mile deliveries and distribution operations and medium-distance transportation.

For instance, the Iveco S-eWay Rigid model from 2024 contains a 70–150 kWh battery system, which powers both city and regional transportation networks while minimizing charging interruptions. Fleet operators accomplish their multiple daily trips through this battery capacity range, which enables them to achieve sustainability targets while showing their operational benefits for European logistics.

Europe Electric Trucks Market (2026-32): Regional Projections

Geographically, the Europe Electric Trucks Market expands across:

• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Germany is one of the leading countries in the European Electric trucks industry, accounting for around 31% market share due to the rising research & development for electrifying the automotive sector in the country. For instance, in December 2024, DB Schenker announced the integration of 40 new Volvo FM Electric trucks into its fleet for last-mile delivery and regional transport in Germany. This expansion is part of the company's long-term goal of achieving net-zero emissions by 2040 and offering more sustainable logistics options.

Moreover, these 20-ton vehicles serve dual purposes of urban and regional delivery operations, which represent a major advancement in Germany's push to electrify last-mile delivery systems. The electric truck deployment in Germany shows the country's dedication to sustainable transportation and its position as a leading European market for electric trucks.

Europe Electric Trucks Industry Recent Development:

• 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.

Gain a Competitive Edge with Our Europe Electric Trucks Market Report

1. Europe Electric Trucks Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of market dynamics & make informed decisions.
2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
3. Europe Electric Trucks Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

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