There were just over 2,000 electric trucks on US roads at the end of 2019, a figure expected to grow exponentially to over 54,000 by 2025, according to new analysis from Wood Mackenzie. Although the electric truck industry has only recently begun to receive policy and financial support that the passenger and public transit sectors have benefited from, the emphasis placed on meeting global energy transition goals will drive the growth of this sector over the coming years, says the consultancy. 'Compared to passenger electric vehicle (EV) and electric bus penetration levels, the electric truck market is still in its infancy,' comments Kelly McCoy, Wood Mackenzie Research Analyst.
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