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Nikola Motor founder Trevor Milton charged with fraud
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Nikola Motor founder Trevor Milton charged with fraud
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Report Alleges DraftKings Has Ties To Black Markets
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Advocates Seek Funding for California Hydrogen Infrastructure
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United States Electric Truck Market Report 2020: Industry Analysis and Growth Forecast to 2030 - Increasing Adoption in Logistics Applications
March 10, 2021 06:38 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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The U.S. electric truck market is expected to generate a revenue of $15,084.3 by 2030, increasing from $211.5 million in 2019, and the market is expected to witness robust growth of 51.6% CAGR during the forecast period (2020-2030).
The market is growing due to the increasing government support for the deployment of electric trucks in the country and the falling process of battery packs. In addition to this, electric trucks are cheaper to maintain and operate as compared to traditional diesel trucks.