Australia Electric Truck Market: Roadmapping a Greener Freight Future

Australia Electric Truck Market Overview

Market Size in 2024: USD 17.1 Million

Market Size in 2033: USD 133.0 Million

Market Growth Rate 2025-2033: 25.64%

According to IMARC Group's latest research publication, "Australia Electric Truck Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The Australia electric truck market size was valued at USD 17.1 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 133.0 Million by 2033, exhibiting a CAGR of 25.64% during 2025-2033.

How AI is Reshaping the Future of Australia Electric Truck Market

• Smart Fleet Management Revolution: An Australian tech startup secured USD 15 Million in funding for its AI-driven electric vehicle fleet management platform, leveraging digital twin technology to optimize route planning, battery performance monitoring, and predictive maintenance scheduling. These advanced systems analyze real-time data to maximize operational efficiency while reducing downtime and energy consumption across electric truck fleets.

• Autonomous Mining Leadership: Australia is pioneering the deployment of autonomous electric trucks in the mining sector, with over 500 automated units already operational—significantly outpacing other countries that have only managed handful deployments. Major manufacturers including Scania and Volvo are integrating AI-powered autonomous systems with electric powertrains to create fully automated mining operations that enhance safety and efficiency.

• Predictive Analytics for Battery Optimization: AI algorithms are revolutionizing electric truck performance by analyzing battery usage patterns, temperature conditions, and charging cycles to predict optimal charging schedules and extend battery life. These intelligent systems help fleet operators maximize range efficiency while minimizing operational costs through data-driven insights and automated energy management protocols.

• Real-Time Driver Assistance Systems: Advanced AI technologies are enhancing electric truck safety through in-cab monitoring systems that provide near-real-time feedback on driving behavior, energy consumption patterns, and route optimization. These proactive training systems use machine learning to identify opportunities for improved efficiency while rewarding good driving practices that maximize electric vehicle performance.

• Intelligent Charging Infrastructure: AI-powered charging networks are being deployed across Australia to optimize electric truck charging schedules based on grid demand, renewable energy availability, and fleet operational requirements. Smart charging systems automatically adjust charging rates and timing to reduce costs while ensuring trucks are ready for deployment, supporting the transition to sustainable freight transportation.

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Australia Electric Truck Market Trends & Drivers:

Australia's electric truck market is experiencing explosive growth driven by comprehensive government incentives implemented in March 2024, including increased luxury car tax thresholds of USD 89,332 for fuel-efficient vehicles, fringe benefits tax exemptions for qualified EVs, and elimination of customs duties on electric vehicles below the luxury tax threshold. These financial incentives are accelerating adoption among logistics and freight companies seeking to reduce operational costs associated with fuel and maintenance while complying with increasingly stringent environmental regulations.

The expansion of charging infrastructure represents a critical growth catalyst, with the Australian Government launching a USD 2.4 Million project in February 2025 through the Australian Renewable Energy Agency (ARENA) and EVX Australia. This initiative will install 500 charging ports and 250 kerbside chargers across South Australia, Victoria, and New South Wales over the next two and a half years, including strategic placements in regional centers like Orange, Wagga Wagga, and Goulburn. The Driving the Nation program aims to address range anxiety and enable widespread adoption of electric trucks for long-haul and regional freight transport.

Technological advancements in battery technology are transforming electric truck viability, with improved range capabilities and faster charging times making these vehicles suitable for demanding applications including long-haul freight, construction, mining, and municipal operations. Major truck manufacturers are introducing new electric models specifically designed for Australian road conditions and operational requirements, while partnerships between energy providers and truck manufacturers are enhancing charging network accessibility and integration with renewable energy sources to achieve sustainability targets.

Australia Electric Truck Industry Segmentation:

The report has segmented the market into the following categories:

Vehicle Type Insights:

• Light-duty Truck

• Medium-duty Truck

• Heavy-duty Truck

Propulsion Insights:

• Battery Electric Truck

• Hybrid Electric Truck

• Plug-in Hybrid Electric Truck

• Fuel Cell Electric Truck

Range Insights:

• 0-150 Miles

• 151-300 Miles

• Above 300 Miles

Application Insights:

• Logistics

• Municipal

• Construction

• Mining

• Others

Breakup by Region:

• Australia Capital Territory & New South Wales

• Victoria & Tasmania

• Queensland

• Northern Territory & Southern Australia

• Western Australia

Recent News and Developments in Australia Electric Truck Market

• March 2025: Australian tech startup secured USD 15 Million in funding for its innovative AI-driven electric vehicle fleet management platform featuring digital twin technology, enabling advanced route optimization, predictive maintenance, and real-time performance monitoring for electric truck operations across Australia.

• February 2025: The Australian Government launched a USD 2.4 Million charging infrastructure project through ARENA and EVX Australia, planning to install 500 charging ports and 250 kerbside chargers across New South Wales, Victoria, and South Australia over 2.5 years as part of the Driving the Nation program to reduce emissions and accelerate EV adoption.

• 2024: Australia established global leadership in autonomous electric mining trucks with over 500 automated units operational, significantly surpassing other countries' deployments. Major manufacturers including Scania and Volvo are integrating advanced autonomous systems with electric powertrains to enhance mining operation safety and efficiency.

• March 2024: The Australian Government implemented comprehensive EV incentives including increased luxury car tax thresholds to USD 89,332 for fuel-efficient vehicles, fringe benefits tax exemptions for qualified EVs, and elimination of customs duties on electric vehicles below luxury tax thresholds, accelerating commercial fleet electrification.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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