Increasing Enactment of Favorable Government Laws Fueling Electric Truck Sales in U.S.

With the rise in the air pollution levels, both the federal and the state governments in the U.S. are implementing policies aimed at encouraging the adoption of environment-friendly vehicles, especially for commercial transportation. Moreover, the governments are also enacting strict emission norms for reducing nitrous oxide and carbon dioxide emissions in the country. This is positively impacting the sales of eco-friendly vehicles such as electric trucks all over the country.

Since the withdrawal of the U.S. from the Paris Agreement, as many as 23 states in the country and the District Of Colombia have been focusing on aiming for a 26−28% reduction in toxic emissions from vehicles by 2025 from the levels reported in 2005. Furthermore, in California, which already witnesses huge sales of electric trucks every year, vouchers and funds are being provided for augmenting the sales of electric trucks.

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According to several reports, funds up to $20 million were provided for electric truck purchase in the state till 2020. Besides these factors, the lower maintenance and operating costs of electric trucks than the conventionally used vehicles are also fueling their demand in the country. Unlike the traditional diesel trucks, electric trucks don't require the regular replacement of fuel filters, oils, spark plugs, and various other components. This allows manufacturers to save heavily in overall parts and components costs.

Moreover, these vehicles need less maintenance than the traditionally used diesel trucks, which causes them to have a significantly longer vehicle uptime. This massively benefits the electric truck fleet owners. Due to these factors, the popularity of electric trucks is growing rapidly in the U.S. This is, in turn, driving the expansion of the U.S. electric truck market. The U.S. electric truck market value is predicted to grow from $211.5 million in 2019 to $15,084.3 million by 2030.

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Hence, it is safe to say that the demand for electric trucks will rise enormously in the U.S. in the coming years, primarily because of the growing requirement for environment-friendly modes of transportation and the increasing enactment of favorable government policies regarding electric truck deployment in the country.