The US Class 8 Electric Truck Market was valued at USD 1.92 billion in 2024. The market is estimated to reach USD 2.52 billion in 2025 and is projected to grow to USD 42.44 billion by 2035, at a CAGR of 31.2% during the forecast period.

US Class 8 Electric Truck Market - Key Highlights

Why the US Class 8 Electric Truck Market is Growing?

• The Class 8 electric truck market in the U.S. is growing rapidly mainly due to strict emissions rules, lower battery costs, and rising commitments to sustainability from companies.
• California’s Advanced Clean Trucks Rule, which several states have adopted, covers 35% of the US truck market and requires that 75% of Class 8 truck sales be zero-emission by 2035. Federal programs, including a USD 5 billion investment in charging infrastructure, support deployment along major freight routes.
• Battery prices have fallen about 65% since 2020, approaching USD 120/kWh. This decline lets many applications achieve cost parity with diesel trucks by 2027-2028.
• Leading companies like J.B. Hunt, Schneider, and FedEx plan to buy over 50,000 electric trucks by 2030, amounting to USD 20 billion in orders. Incentives from the Inflation Reduction Act and state programs help reduce upfront costs by 30-40%.
• Technological progress now enables Class 8 electric trucks to reach ranges over 500 miles and charge to 70% in under 45 minutes using megawatt chargers. Major manufacturers such as Daimler, Volvo, and Tesla have invested over USD 10 billion in US production, aiming for 50,000 units each year by 2030.
• New developments in dedicated electric platforms and vehicle-to-grid services improve operational efficiency and create new revenue opportunities.

In summary, the market is set for substantial growth, fueled by regulatory backing, economic factors, and technology.

US Class 8 Electric Truck Market Size and Forecast

US Class 8 Electric Truck Market Segmentation

• The US Class 8 electric truck market is segmented by propulsion type, range capability, end-user industry, charging type, and geographic region. By propulsion type, the market comprises Battery Electric Vehicles (BEV), Fuel Cell Electric Vehicles (FCEV), and Hybrid Electric Vehicles (HEV). Range segmentation includes Below 200 Miles, 200-300 Miles, 300-500 Miles, and Above 500 Miles categories. End-users encompass logistics & transportation, construction & mining, utilities & municipal services, retail & E-commerce, and other industries.
• Battery Electric Vehicles (BEVs) dominate the US Class 8 electric truck market in 2025, holding about 70-80% of the market share. This dominance shows that the technology is mature and increasingly affordable, making BEVs the top choice for regional haul operations.
• Leading models like the Freightliner eCascadia and Volvo VNR Electric have ranges between 230 and 275 miles. They are powered by 400-600 kWh battery packs, which can handle most daily duty cycles averaging 200 miles.
• Depot charging infrastructure is growing quickly, with over 5,000 installations planned by 2027 to support efficient overnight charging. Fuel cost savings of 60-70% compared to diesel trucks further improve the economics of BEVs.
• Battery production capacity in the US is expected to hit 400 GWh by 2030, backed by investments from LG Energy Solution, Panasonic, and Samsung SDI. Improved battery management extends battery life to over 500,000 miles, matching typical truck lifecycles.
• Fleet operators enjoy notable savings, including 70% lower maintenance costs and brake life extended by 3-4 times. This leads to annual savings of USD 15,000-20,000 per truck.

Logistics & Transportation Sector Leads Adoption with 50-60% Market Share

In 2025, the logistics and transportation sector accounts for 50-60% of Class 8 electric truck market in the U.S. This growth is driven by ESG goals, regulations, and economic advantages in regional haul and drayage. Major companies like Amazon and Walmart have committed to deploying large electric fleets. Regulatory incentives and operational improvements help make costs comparable to diesel trucks, especially for predictable-route operations. Programs like PierPass and certain port regulations promote electric drayage growth by providing preferential access and fee waivers. Urban last-mile delivery gains from reduced noise and municipal incentives, which add up to USD 10,000-15,000 per vehicle each year, further boosting the sector's commitment to electric truck adoption.

What are the Drivers, Restraints, and Key Trends of the US Class 8 Electric Truck Market?

The US Class 8 electric truck market is mainly driven by regulatory mandates, corporate sustainability goals, better economics, and infrastructure development. Challenges include range limitations, gaps in charging infrastructure, and higher upfront costs. Trends show a move toward megawatt charging, autonomous integration, and battery-as-a-service models.

Impact of Key Growth Drivers and Restraints on US Class 8 Electric Truck Market

Base CAGR: 31.2%

Market Restraints

Regulatory Framework and Sustainability Policies Drive the US Class 8 Electric Truck Market

• The US Class 8 electric truck market is driven by strong federal and state regulations aimed at reducing transportation emissions. This sector contributes about 29% of the nation's greenhouse gases. The EPA's Phase 3 Heavy-Duty Vehicle Standards demand a 25% emissions reduction by 2032, effectively pushing for electrification due to the limits of diesel technology.
• California’s Advanced Clean Fleets Rule requires large fleets to move to 100% zero-emission vehicles by 2042. This affects over 70,000 trucks and influences broader national fleet strategies.
• Federal programs include the Infrastructure Investment and Jobs Act, which sets aside USD 7.5 billion for EV charging infrastructure. Of this, USD 1.5 billion is allocated for commercial vehicle charging along freight routes.
• The National Electric Vehicle Infrastructure (NEVI) program requires charging stations to be placed every 50 miles on interstate highways. This helps address concerns about long-haul range.
• State programs also provide additional subsidies. For example, California's HVIP offers up to USD 120,000 per truck, while New York's NYTVIP provides up to USD 185,000 for trucks in disadvantaged communities, cutting price premiums by 40-50%.

These regulations and incentives together create a supportive environment that speeds up the adoption of Class 8 electric trucks in the US.

Impact of Sustainability on US Class 8 Electric Truck Market

• The transportation sector is responsible for about 29% of total US greenhouse gas emissions. Heavy-duty trucks play a significant role in these emissions. Switching Class 8 trucks from diesel to electric can cut around 125 metric tons of CO2 emissions each year per vehicle. This makes it an essential part of US efforts to reduce carbon emissions.
• This change supports the Biden Administration’s climate goal to lower greenhouse gas emissions by 50% by 2030 and aims for a 61-66% reduction by 2035 from 2005 levels. Electrifying Class 8 trucks could decrease US transportation emissions by an estimated 7-9% by 2035. This is similar to taking about 15 million passenger vehicles off the road in terms of emissions.
• While battery electric trucks greatly lower operational emissions compared to diesel, life-cycle studies show that total emissions also rely on the electricity mix and battery manufacturing effects. Still, electrifying Class 8 trucks offers a significant chance for real emissions reduction and improvements in sustainability within US freight transportation.

Competitive Landscape of the US Class 8 Electric Truck Market

The US Class 8 electric truck market has a mix of established manufacturers, new players, and specialized electric vehicle makers. They compete based on range, charging speed, total ownership costs, and production capacity. Traditional companies like Daimler Trucks North America (Freightliner/Western Star), Volvo Trucks (including Mack), and PACCAR (Kenworth/Peterbilt) use their dealer networks, service systems, and fleet connections to hold 60% of the market. These companies have invested USD 5 billion in electrification programs.

New entrants, led by Tesla’s Semi program and Nikola Corporation, challenge the established players with new technology and integrated solutions. Tesla's Semi, which has a 500-mile range and is currently being produced at its Nevada Gigafactory, achieves efficiency of less than 2 kWh per mile. Meanwhile, Nikola is working on both battery-electric and hydrogen fuel cell trucks for various uses. Specialized manufacturers such as Lion Electric, BYD, and Xos focus on specific market segments with electric platforms designed for particular purposes.

Recent Developments in the US Class 8 Electric Truck Market

• March 2025: Daimler Trucks expanded and modernized its Detroit Diesel facility with a USD 285 million investment aimed at producing 3,000 electric powertrains annually, supporting enhanced integration from battery production to complete vehicles
• April 2025: Tesla began volume production of its Semi electric truck at the Nevada Gigafactory, reaching production of about 50 units per week
• October 2024 (ongoing in 2025): The US Department of Energy awarded USD 2 billion in grants for commercial vehicle charging infrastructure across 35 states. This includes plans for installing 5,000 megawatt-scale fast chargers by 2028 along major freight corridors, crucial for enabling long-haul electric Class 8 trucks.

US Class 8 Electric Truck Market Report Coverage and Summary