Electric Trucks Market to Gain Impetus from Increasing Demand from Logistics Department.The global electric trucks market size is projected to gain momentum on account of the increasing demand from the transportation sector to suffice to the travel needs of the growing population worldwide.
Electric trucks run on batteries and are designed for delivering cargo.Electric Trucks Market: Rising Integration of V2X Connectivity Solutions to Spur OpportunitiesElectric Trucks Market Key Players Studied in this Report are Hyundai Mobis (Seoul, South Korea), Continental AG (Hanover, Germany), Koninklijke Philips (Amsterdam, Netherlands), Robert Bosch GmbH (Gerlingen, Germany), varroc group (Aurangabad, India), Valeo (Paris, France), Hella GmbH (Lippstadt, Germany), Denso (Aichi, Japan), Lear Corporation (Michigan, United States), OSRAM (Munich, Germany), Magneti Marelli (Corbetta, Italy).The increasing population, rise in urbanization and industrialization and the expansion of various businesses are the key factors promoting the global electric trucks market growth.
In addition to this, the increasing awareness about environmental degradation has propelled the governments of various nations to impose stringent regulations on carbon emission control.
This, coupled with the rise in prices of fuel is expected to add a boost to the overall growth of the market for electric trucks.The impact of the novel coronavirus is devastating.
The increasing patient pool and lack of enough medical staff and facilities have put the healthcare sector in a difficult situation.
Some other sectors are barely able to manage meagre revenue by operating within the four walls of their homes.On the contrary, the high cost of electric vehicles, coupled with the lack of a reliable charging infrastructure may cause hindrance to the market in the coming years.