Electric trucks are referred as the commercial vehicles which are powered by the set of batteries and are used for transporting cargos. Additionally, in electric trucks, motors inside have lesser parts moving compared to diesel truck and don’t require multi-speed transmissions, which in turn minimize maintenance cost of the vehicle and enhance reliability with nearly zero noise pollution. Moreover, the electric trucks are mostly preferred compared to diesel trucks because of government initiative to stimulate adoption of electric truck and its remarkable benefits. Significantly expanding automotive industry, coupled with the rising consumer preference for hybrid and electric vehicles (H/EV), is one of the major factors creating a positive influence on the market. Further, the execution of beneficial government policies encouraging e-mobility and reducing the reliance on fossil fuels, particularly in the developing countries, is creating a thrust to the market growth. Governments of several nations are introducing schemes to promote automobile manufacturers to develop electronic trucks which do not need diesel fuel consumption and can support in decreasing greenhouse gas (GHG) emissions. Numerous technological advancements, such as improvements in the electronic charging infrastructure and the usage of magnetic resonance for wireless vehicle charging, are few other growth-inducing factors in the electric trucks market. In addition, the expanding e-commerce, retail and manufacturing industries, coupled with large-scale research and development (R&D) activities, are few other factors likely to propel the electric trucks market in further. On the other hand, the factors such as dearth of charging infrastructure and heavy cost of electric trucks are projected to impede the electric trucks market growth.

A vehicle to the grid is a technology which can enhance the performance of the electric components and improves the value for electric vehicle owners. The electric vehicle charging system has a bi-directional flow of electrical energy which runs amidst the power grid and plug-in electric vehicles. A vehicle to grid helps in storing the power which is not used electronic vehicles and releases them to the grid. Thus, the above factor is likely to create lucrative opportunities for the electric truck market growthFree and Paid Customization based on the requirement