Electric Truck Heavy Duty Charging Market

• Global Surge In Fast Charging Infrastructure

The heavy electric vehicle charging market is seeing a significant increase in the expansion of fast charging infrastructure around the world. This trend is being driven by concerted efforts to increase the availability of public fast-charging stations, address concerns about range anxiety, and enable electric trucks to travel longer distances. In particular, the number of fast chargers around the world increased significantly to 330,000 in 2022. China played a key role in this increase, in particular he set up his 90% of new units in 10 provinces.

Europe also made a significant contribution, increasing the installation of fast chargers by 55%. 

The focus on fast charging infrastructure reflects a strategic move to make electric trucking more practical and convenient for operators in a variety of regions. A key trend in the heavy-duty electric vehicle charging market is an increasing reliance on off-shift depot charging, necessitating the establishment of new depots and upgrades to existing network infrastructure. This shift highlights the critical role of infrastructure development in supporting the electrification of long-haul trucking. Initiatives such as the Milence joint venture, supported by significant investment in over 1,700 fast and ultra-fast chargers, demonstrate the industry's commitment to building a robust charging ecosystem.

With a focus on off-shift charging, strategically located vehicles will be built to meet the operational needs of heavy-duty electric vehicles, ensure seamless charging, and support the widespread adoption of electric trucks in a variety of logistics and transportation scenarios. It emphasizes the importance of well-established locations and modernized networks.

The Global Electric Truck and Heavy Duty Charging Market Industry is poised for remarkable growth, with projections indicating a valuation of 122.4 USD Billion by 2035. This growth trajectory is underpinned by various factors, including increasing environmental regulations, advancements in battery technology, and the expansion of charging infrastructure. The market is expected to experience a compound annual growth rate of 23.38 percent from 2025 to 2035, reflecting the growing acceptance of electric trucks in commercial fleets. Such projections underscore the dynamic nature of the industry and the potential for innovation and investment in the coming years.

Technological innovations in battery technology are significantly influencing the Global Electric Truck and Heavy Duty Charging Market Industry. Enhanced energy density, faster charging capabilities, and reduced costs are making electric trucks more viable for commercial use. For example, advancements in lithium-ion and solid-state batteries are enabling longer ranges and shorter downtime for charging. This is crucial for logistics companies that rely on efficiency and reliability. As these technologies continue to evolve, the market is expected to grow substantially, with projections indicating a valuation of 122.4 USD Billion by 2035, highlighting the transformative impact of battery advancements.

Government incentives and subsidies play a crucial role in fostering the Global Electric Truck and Heavy Duty Charging Market Industry. Various countries are implementing financial incentives to encourage the adoption of electric vehicles, including tax credits, grants, and rebates for fleet operators. For example, the United States offers substantial tax credits for electric vehicle purchases, which can significantly reduce the total cost of ownership. Such initiatives lower the barriers to entry for companies considering electric trucks, thereby stimulating market growth. As these incentives continue to evolve, they are likely to contribute to a compound annual growth rate of 23.38 percent from 2025 to 2035.

The expansion of charging infrastructure is a pivotal driver for the Global Electric Truck and Heavy Duty Charging Market Industry. As electric trucks become more prevalent, the need for a robust and accessible charging network is paramount. Governments and private entities are investing heavily in the development of fast-charging stations along major freight routes. For instance, initiatives in Europe aim to establish a comprehensive network of charging points to support electric heavy-duty vehicles. This infrastructure development not only alleviates range anxiety for fleet operators but also enhances the overall feasibility of electric trucks, thereby accelerating market adoption.

The Global Electric Truck and Heavy Duty Charging Market Industry is experiencing a surge in demand due to stringent environmental regulations imposed by governments worldwide. These regulations aim to reduce greenhouse gas emissions and promote sustainable transportation solutions. For instance, the European Union has set ambitious targets to cut emissions by at least 55 percent by 2030. Such policies compel logistics companies to transition from traditional diesel trucks to electric alternatives, thereby driving the market's growth. As a result, the industry is projected to reach a valuation of 12.1 USD Billion in 2024, reflecting the urgency of compliance with these regulations.

The Global Electric Truck and Heavy Duty Charging Market Industry is witnessing a growing demand for sustainable logistics solutions. Companies are increasingly recognizing the importance of reducing their carbon footprint and enhancing their corporate social responsibility profiles. This shift is evident in major corporations committing to net-zero emissions targets, which often include transitioning to electric fleets. For instance, several large retailers have announced plans to electrify their delivery vehicles by 2030. This trend not only aligns with consumer preferences for environmentally friendly practices but also drives investment in electric truck infrastructure, further propelling market growth.

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East and Africa and South America. The number of fast chargers increased by 330,000 globally in 2022. Asia-Pacific dominates the Electric Truck and Heavy Duty Charging market in 2022. Asia Pacific is likely to be the largest contributor to the Electric Truck and Heavy Duty Charging market. This includes countries such as China, Japan, India, South Korea, Thailand, Taiwan, Malaysia, Vietnam and Rest of Asia-Pacific.

The electric vehicle Electric Truck and Heavy Duty Charging market in Asia Pacific has grown significantly in recent years and is expected to continue to grow rapidly.

Several start-ups and established players have entered the market to meet this demand. As supportive government policies and initiatives drive the uptake of electric vehicles across the region, demand for public charging infrastructure is rapidly increasing. China was once again the front runner, accounting for around 60% of global electric vehicle sales. More than half of the electric vehicles on the world's roads are now in China, and the country's new energy vehicle sales have already exceeded the 2025 target. China accounts for total of 760 000 fast chargers.

North America is one of the fastest growing markets for Electric Truck and Heavy Duty Charging in the world. The United States installed 6,300 fast chargers in 2022, about three-quarters of which were Tesla Superchargers. The total stock of fast chargers reached 28,000 at the end of 2022. Deployment is expected to accelerate in the coming years following government approval of the National Electric Vehicle Infrastructure Formula Program (NEVI).

In Europe the overall fast charger stock numbered over 70,000 by the end of 2022, an increase of around 55% compared to 2021. The countries with the largest fast charger stock are Germany (over 12 000), France (9 700) and Norway (9 000).

Figure 5: Global Electric Truck Market Size By Region 2022 Vs 2032

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

The global market for Electric Truck and Heavy Duty Charging has witnessed significant growth over the forecast period due to the growing e-commerce industry. There are several domestic, regional, and global players operating in the Electric Truck and Heavy Duty Charging market who continuously strive to gain a significant share of the overall market.

During the study, MRFR has analyzed some of the major players in the Electric Truck and Heavy Duty Charging market who have contributed to the market growth includes ABB¸ Siemens¸ Bombardier¸ Kempower¸ Tesla¸ Proterra, ChargePoint, Inc., Efacec, CharIN e.V., EVgo Services LLC, Foton Motor Inc., BYD Company Ltd., Daimler Truck AG, Nikola Corporation, PACCAR Inc, Dongfeng Motor Company, SAIC Hongyan, Sany, Tesla, and Volvo among others.

Among these, BYD Company Ltd, Daimler Truck AG, Tesla, ABB¸ Siemens and ChargePoint, Inc are among the top players in the Electric Truck and Heavy Duty Charging Market. These players focus on expanding and enhancing their product portfolio and services to remain competitive and increase their customer base. Additionally, these players are focusing on partnerships & collaborations to expand their business and customer base to enhance their market position.