Spain Electric Truck Market

Spain Electric Truck Market Overview:

The Spain electric truck market size reached USD 13.64 Million in 2024. The market is projected to reach USD 133.05 Million by 2033, exhibiting a growth rate (CAGR) of 25.58% during 2025-2033. The market is propelled by the country’s strong focus on reducing greenhouse gas emissions and promoting sustainable transportation through supportive policies and incentives. Furthermore, the rising demand from logistics, urban delivery, and freight sectors, which are seeking cost-effective and environmentally friendly alternatives to conventional diesel truck fuels market expansion. Additionally, advancements in battery technology and increasing corporate and consumer awareness of environmental sustainability are further augmenting the Spain electric truck market share.

Spain Electric Truck Market Trends:

Government Policies and Incentives

The market is directly influenced by government policies to lower greenhouse gas emissions and ensure sustainable transport. The country and regional governments have promoted a range of financial incentives such as grants, tax relief, and subsidies to motivate logistics firms and vehicle fleet operators to switch to electric trucks. In April 2025, the Spanish government prolonged the MOVES III incentive program, allocating a further EUR 400 Million to finance the acquisition of electric vehicles and charging infrastructure. The prolongation offers grants of up to EUR 9,000 for commercial electric vehicles, with the objective of driving the adoption of zero-emission trucks and aligning with EU decarbonization targets. In addition, urban air quality regulations are encouraging companies to substitute traditional diesel trucks with zero-emission trucks. Measures such as low-emission zones in larger cities and long-term plans for carbon neutrality are supporting the use of electric trucks. This regulatory setting is forming a civilized market structure, inviting indigenous manufacturers as well as foreign firms to invest and expand production in electric truck technology, along with facilitating the establishment of supporting infrastructure such as charging points.

Advancements in Technology and Battery Innovation

Advances in technology are a key factor driving Spain electric truck market growth. Additionally, improvements in battery chemistry, energy density, and thermal management systems are improving the performance, range, and safety of electric trucks. Moreover, efficient use of lightweight materials and advanced powertrain designs is saving energy and enhancing payload efficiency, making electric trucks more suitable for long-haul and urban logistics. Besides this, telematics and intelligent fleet management system integration enable operators to plan routes more efficiently, track battery health, and save operating expenses, making commercial operations more efficient. Furthermore, innovations in high-speed charging and high-mobility battery pack design enable trucks to reduce downtime and prolong operating time, becoming more competitive in the market with traditional trucks. The trend accentuates the synergy of engineering ingenuity and operating efficiency in driving market penetration.

Increasing Fleet Electrification and Competition within the Market

The market is seeing increasing interest from major logistics companies and smaller-scale fleet operators. Organizations are progressively adding electric trucks to their fleets to achieve sustainability goals and enhance corporate social responsibility profiles. The incremental electrification of delivery and urban freight fleets is powering demand for a variety of vehicle sizes, from medium-duty city trucks to heavy-duty long-haul units. At the same time, the market is becoming increasingly competitive as domestic and foreign manufacturers bring to the market new models intended for diversified commercial use. Such competitiveness is driving innovation in vehicle design, energy efficiency, and services, as well as enhancing customer choice. Fleet operators gain from enhanced options suitable for differentiated operational requirements, and this again supports the shift towards electric mobility in Spain's commercial transport sector.

Spain Electric Truck Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on vehicle type, propulsion, range, and application.

Vehicle Type Insights:

• Light-duty Truck
• Medium-duty Truck
• Heavy-duty Truck

The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes light-duty truck, medium-duty truck, and heavy-duty truck.

Propulsion Insights:

• Battery Electric Truck
• Hybrid Electric Truck
• Plug-in Hybrid Electric Truck
• Fuel Cell Electric Truck

A detailed breakup and analysis of the market based on the propulsion have also been provided in the report. This includes battery electric truck, hybrid electric truck, plug-in hybrid electric truck, and fuel cell electric truck.

Range Insights:

• 0-150 Miles
• 151-300 Miles
• Above 300 Miles

The report has provided a detailed breakup and analysis of the market based on the range. This includes 0-150 miles, 151-300 miles, and above 300 miles.

Application Insights:

• Logistics
• Municipal
• Construction
• Mining
• Others

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes logistics, municipal, construction, mining, and others.

Regional Insights:

• Northern Spain
• Eastern Spain
• Southern Spain
• Central Spain

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Spain, Eastern Spain, Southern Spain, and Central Spain.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Spain Electric Truck Market News:

• In June 2025, DSV Spain introduced its first two battery electric trucks (BEVs) as part of a global agreement with Volvo Trucks. These vehicles are integrated into DSV’s national full-load (FTL) and less-than-load (LTL) transport network, focusing on short-distance operations between production centers and warehouses. Equipped with advanced electric drivetrains and a 540 kWh battery, the trucks offer a range of up to 300 kilometers, contributing to DSV’s commitment to sustainable logistics and decarbonization.

Spain Electric Truck Market Report Coverage:

Key Questions Answered in This Report:

• How has the Spain electric truck market performed so far and how will it perform in the coming years?
• What is the breakup of the Spain electric truck market on the basis of vehicle type?
• What is the breakup of the Spain electric truck market on the basis of propulsion?
• What is the breakup of the Spain electric truck market on the basis of range?
• What is the breakup of the Spain electric truck market on the basis of application?
• What is the breakup of the Spain electric truck market on the basis of region?
• What are the various stages in the value chain of the Spain electric truck market? 
• What are the key driving factors and challenges in the Spain electric truck market?
• What is the structure of the Spain electric truck market and who are the key players?
• What is the degree of competition in the Spain electric truck market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Spain electric truck market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Spain electric truck market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Spain electric truck industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.