Norway Electric Trucks Market Share, Size, trends, Demand, Growth Analysis, Challenges, Key players, Competitive Landscape & Forecast for 2017-2025

Norway Electric Trucks Market 

Market Overview

Norway is one of the most lucrative markets for electric vehicles technology as the current adoption rate is relatively high as compared to other countries across the globe and accounts for the highest market share of approximately 29% of electric vehicles. Successful deployment of electric vehicles in Norway is an outcome of an encouraging policy environment that has been accomplished in recent years encircling a large range of incentives, from tax breaks and exemptions to waivers on road tolls and ferry fees. We also believe that the electric trucks market will be majorly driven by the three major factors throughout the forecast period. First factor is based on the total cost of ownership as these trucks could be on parity with diesels and substitute powertrains in the virtual near term. Second factor would be vigorous electric-vehicle (EV) technology and infrastructure is becoming progressively cost competitive and accessible. Third, adoption is being supported by the regulatory environment, including country-level emission regulations and local access policies.

Goldstein Research analyst forecast Norway electric trucks market is likely to boom with the emergence of electric trucks in coming years. Further, the Norway electric trucks market is expected to expand at a CAGR of +45% over the forecast period as advancements in batteries and higher adoption rate will augment the growth of electric trucks sales in Norway.

Norway Electric Trucks Market Segmentation

By Technology Type

• Battery Electric Trucks
• Plug-in Hybrids
• Hybrids
• Fuel Cell Electric Trucks

Based on types of technology, Goldstein Research predicts strong potential uptake of battery electric trucks, particularly in the light- and medium-duty segments. Contrasting choice conditions to purchase passenger cars, commercial vehicles buying decisions place greater importance on economic calculations and reveal a greater sensitivity to regulation. Light- and medium-duty battery electric trucks segment adoption will possibly lag that of passenger-car electric vehicles through 2025 due to a lack of eTruck model availability and fleets that are risk hostile.

By Vehicle Type

• Light-Duty Trucks (LDTs)
• Medium-Duty Trucks (MDTs)
• Heavy-Duty Trucks (HDTs)

By Applications

• Urban
• Regional (Inter Cities)
• Long-Haul Cycles

Covered In This Norway Electric Trucks Market Report              

The report covers the present ground scenario and the future growth prospects of the electric trucks market for 2017-2025 along with the market players’ analysis. We have calculated the market size and revenue share on the basis of revenue generated from major players in all major regions. Norway electric trucks market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

Norway Electric Trucks Market report by Goldstein Research has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Norway electric trucks market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Norway Electric Trucks Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Our Norway Electric Trucks Market Report comprises of the following companies as the key players: Orange EV, Tesla, Hino Trucks, Isuzu Motors Limited, Nissan, Goupil Industries, Dong Feng Motors, Iveco, Efficient Drivetrains Inc (EDI), BYD, Wrightspeed, Renault & Groupe Delanchy, Cummins Inc., Daimler AG and Nikola Motor Company.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key Questions Answered In This Norway Electric Trucks Market Report

• What is the total market size by 2025 and what would be the expected growth rate of market?
• What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for electric trucks market
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• Position yourself to gain the maximum advantage of the electric trucks market’s growth potential
• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy and prospects