The latest report by IMARC Group, titled Australia Electric Truck Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025–2033, offers a comprehensive analysis of the Australian electric truck market. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. The Australia electric truck market size reached USD 17.1 million in 2024. Looking forward, IMARC Group expects the market to reach USD 133 million by 2033, exhibiting a growth rate (CAGR) of 25.64% during 2025–2033.
Base Year: 2024
Forecast Years: 2025–2033
Historical Years: 2019–2024
Market Size in 2024: USD 17.1 Million
Market Forecast in 2033: USD 133 Million
Market Growth Rate 2025–2033: 25.64%
Australia Electric Truck Market Overview
Australia's electric truck advertise is seeing noteworthy development, fueled by rigid government outflows directions and expanding request for maintainable transportation arrangements. Businesses are continuously receiving electric trucks to lower their carbon impression and meet advancing natural compliance measures.
Progressions in battery innovation are making strides the execution, run, and effectiveness of electric trucks, situating them as a competitive elective to customary diesel-powered vehicles. Moreover, the progressing extension of EV charging framework over the nation is supporting the broad appropriation and operational achievability of electric trucks in different commercial segments.
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Australia Electric Truck Market Trends and Market Drivers
The showcase development is driven by numerous variables, counting rising fuel costs and expanding speculations in armada charge by coordinations and transportation companies. Government incentives—such as higher extravagance car charge edges for fuel-efficient vehicles and periphery benefits charge exceptions for qualified electric trucks—are assist empowering selection. Also, the developing accessibility of renewable vitality sources underpins the move to electric trucks, making a difference to diminish the in general carbon impression of transportation operations.
Australia Electric Truck Market Segmentation:
1. By Vehicle Type:
- Light-duty Trucks
- Medium-duty Trucks
- Heavy-duty Trucks
2. By Propulsion:
- Battery Electric Vehicles (BEVs)
- Plug-in Hybrid Electric Vehicles (PHEVs)
3. By Range:
- Short-range (Up to 150 km)
- Medium-range (150–300 km)
- Long-range (Above 300 km)
4. By Application:
- Freight and Logistics
- Municipal Services
- Construction and Mining
- Others
5. By Region:
- New South Wales
- Victoria
- Queensland
- South Australia
- Western Australia
- Tasmania
- Northern Territory
- Australian Capital Territory
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Australia Electric Truck Market News:
- May 2025: Volvo Trucks received an order for 30 electric trucks in Australia, marking a significant step in the country's transition to sustainable transportation.
- April 2025: Foton announced plans to introduce larger electric trucks to the Australian market, aiming to meet the growing demand for electric commercial vehicles.
Key Highlights of the Report:
- Market Performance (2019–2024)
- Market Outlook (2025–2033)
- COVID-19 Impact on the Market
- Porter's Five Forces Analysis
- Strategic Recommendations
- Historical, Current, and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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