United States Hybrid Electric Truck (HET) Market was valued at USD 5 Billion in 2022 and is projected to reach USD 10 Billion by 2030, growing at a CAGR of 9% from 2024 to 2030.
The European Hybrid Electric Truck (HET) market is experiencing significant growth, driven by the transportation industry's shift towards sustainable solutions. This transformation is influenced by stringent emission regulations, advancements in hybrid technology, and the operational advantages that hybrid electric trucks offer.
Key Applications of Hybrid Electric Trucks in Europe:
Urban Logistics: Hybrid electric trucks are ideal for city deliveries, offering reduced emissions and noise levels, which are crucial in densely populated areas.
Long-Haul Transportation: For extended routes, hybrids provide fuel efficiency by combining electric motors with internal combustion engines, leading to cost savings and compliance with emission standards.
Municipal Services: Vehicles like waste collection trucks benefit from hybrid systems, operating more quietly and efficiently during frequent stops and starts.
Industry Requirements Driving the HET Market:
Regulatory Compliance: The European Union has set ambitious targets to reduce greenhouse gas emissions. The European Commission plans to end tax breaks for fossil fuel-powered corporate cars to promote electric vehicles in corporate fleets. This initiative is part of an auto industry action plan intended to help EU car producers electrify their fleets and stay competitive with U.S. and Chinese rivals. Corporate fleets comprise about 60% of new car registrations in the European Union, making this a significant move toward increasing EV adoption. The European automobile association ACEA points to limited charging infrastructure and a lack of affordable EVs as reasons for weak consumer uptake, which saw the market share of EVs in Europe dip to 13.6% in 2024 before rising to 15% in January 2025. The Commission will propose legislation by year's end to decarbonize corporate fleets and will issue recommendations to local authorities to help foster greater EV adoption. citeturn0news25
Infrastructure Development: The success of hybrid trucks depends on the availability of charging stations. In July 2022, Daimler Truck, the TRATON Group, and the Volvo Group formed a joint venture company, Milence, with an initial funding of US$542 (EUR 500) million, aiming to set up 1,700 high-performance public charging points in Europe by 2027. At the end of 2023, Milence opened its first charging hub in the Netherlands. citeturn0search0
Technological Advancements: Continuous improvements in battery technology and energy management systems enhance the performance and reliability of hybrid trucks, making them more attractive to fleet operators.
Economic Incentives: Governments and local authorities offer subsidies and tax benefits to companies adopting hybrid vehicles, offsetting initial investment costs and promoting wider adoption.
Challenges and Considerations:
Initial Investment: The upfront cost of hybrid trucks can be higher than traditional diesel trucks, necessitating a focus on long-term savings and environmental benefits to justify the investment.
Maintenance and Training: Hybrid systems require specialized maintenance, and personnel need training to handle new technologies effectively.
Infrastructure Gaps: While progress is being made, the current charging infrastructure may not fully support the widespread use of hybrid trucks, particularly in remote areas.
Personal Insights:
Having observed the transportation industry's evolution, it's evident that the integration of hybrid electric trucks aligns with global sustainability goals. Companies that adapt to this change not only contribute to environmental preservation but also position themselves competitively in a market that increasingly values green logistics. The transition requires strategic planning, investment in infrastructure, and a commitment to embracing new technologies. However, the long-term benefits, including cost savings, regulatory compliance, and improved public perception, make hybrid electric trucks a compelling choice for forward-thinking businesses.
Get an In-Depth Research Analysis of the US Hybrid Electric Truck (HET) Market Size And Forecast [2025-2032]
BYD
Daimler
Dongfeng Motor Group
Hino Motors
Isuzu Motors
Navistar International
PACCAR
Renault Trucks
Volkwagen
Zenith Motors
Alke
Nikola
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the US Hybrid Electric Truck (HET) Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the US Hybrid Electric Truck (HET) Market
Light-Duty Hybrid Electric Trucks
Medium-Duty Hybrid Electric Trucks
Heavy-Duty Hybrid Electric Trucks
Series Hybrid Electric Trucks
Parallel Hybrid Electric Trucks
Plug-in Hybrid Electric Trucks
Lithium-Ion Battery
Nickel-Metal Hydride Battery
Solid-State Battery
Logistics and Transportation
Construction and Mining
Agriculture
Public Sector and Municipalities
Up to 5,000 lbs
5,001 lbs - 10,000 lbs
Above 10,000 lbs
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Hybrid Electric Truck (HET) Market Research Analysis
1. Introduction of the US Hybrid Electric Truck (HET) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Hybrid Electric Truck (HET) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Hybrid Electric Truck (HET) Market, By Type
6. US Hybrid Electric Truck (HET) Market, By Application
7. US Hybrid Electric Truck (HET) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Hybrid Electric Truck (HET) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading US Research and Consulting firm servicing over 5000+ US clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/