Off-highway electric vehicles (EVs) are transforming construction, mining, and agriculture by cutting emissions, reducing noise, and lowering lifetime operating costs, and the companies you listed are at the center of this shift. These players are investing in battery-electric, hybrid, and, increasingly, alternative-fuel solutions to help heavy-duty fleets meet tightening sustainability and productivity goals.
Off-highway EV Market Overview:
The global off-highway electric vehicle market is growing rapidly, driven by stricter emission norms, rising fuel costs, and corporate net-zero commitments. Recent analyses suggest the market is projected to reach tens of billions of dollars in value over the next decade, with double‑digit annual growth as electrified machines expand from pilot projects to mainstream fleets.
Key application areas include construction equipment (excavators, wheel loaders, compact machines), mining trucks and loaders, and agricultural and forestry machinery. Battery-electric vehicles dominate early adoption, but hybrid architectures and electric drive systems are also widely used where continuous, high-load operation makes full electrification more challenging today.
The leading providers of Off-highway Electric Vehicles are:
Caterpillar (US)
Caterpillar is a leading provider of electric and hybrid off-highway machines, especially in mining trucks and construction equipment. The company integrates electric drives, advanced energy management, and battery solutions to help customers reduce fuel consumption and emissions while maintaining productivity in demanding environments.
Caterpillar also focuses on system-level energy optimization, offering tools that coordinate machines, power infrastructure, and renewable sources at mine sites to support the broader energy transition. This approach positions the company as both an equipment supplier and an energy-transition partner for heavy industry.
J C Bamford Excavators Ltd. (JCB)
JCB is an early mover in compact and mid-size electric construction machines, such as electric mini excavators and loaders designed for urban and indoor work. These products target low-noise, zero-exhaust operation on sites where conventional diesel machines face regulatory or community constraints.
In addition to battery-electric systems, JCB invests in alternative powertrains, including hydrogen-related concepts, to broaden decarbonization options for off-highway users. This multi-technology strategy helps customers choose between battery, hybrid, and emerging fuels based on duty cycle and infrastructure availability.
Epiroc (Sweden)
Epiroc specializes in equipment for mining and infrastructure, and has built a strong portfolio of battery-electric underground loaders, trucks, and drill rigs. Electric and battery-powered machines are especially valuable underground, where reduced diesel fumes and heat significantly improve working conditions and ventilation efficiency.
The company collaborates with mines worldwide to convert diesel fleets to battery-electric systems, often supplying machines, charging solutions, and lifecycle support as an integrated package. This positions Epiroc as a key enabler of fully or partially electrified underground operations.
Komatsu Ltd. (Japan)
Komatsu is advancing both electric and hybrid off-highway equipment, including battery-electric excavators and electric-drive mining trucks. Its 20‑ton class electric excavators use high-capacity lithium-ion batteries co-developed with Proterra, enabling several hours of operation with zero exhaust emissions and reduced noise.
Komatsu has announced plans to roll out these electric excavators in Japan, Europe, and other regions as part of its strategy to achieve carbon neutrality by 2050. The company also offers electric-drive haul trucks that improve fuel efficiency and support future battery or trolley-assist upgrades in mining.
Volvo Construction Equipment (Volvo CE) (Sweden)
Volvo CE is a pioneer in commercializing electric compact construction machines, such as compact wheel loaders and excavators. These units are tailored for city projects, indoor demolition, and other environments where low noise and zero local emissions are critical.
The company complements machines with charging solutions and digital tools that help customers plan duty cycles and energy use on site. Volvo CE’s broader corporate alignment with the Volvo Group’s electrification and sustainability strategy further accelerates innovation in off-highway EVs.
CNH Industrial N.V.
CNH Industrial is active in agricultural and construction equipment, working on electrified and alternative-fuel platforms for brands in its portfolio. Its development efforts include electric or hybrid tractors and construction machines aimed at reducing on-farm and on-site emissions while maintaining heavy-duty capability.
The company’s strategy combines electrification with precision agriculture and automation, seeking to boost both sustainability and productivity for farmers and contractors. This integrated approach helps customers realize operational savings while complying with environmental regulations.
Doosan Corporation
Doosan, including its construction equipment businesses, is investing in electric and hybrid machinery for construction and industrial applications. The focus includes electrified excavators and loaders designed to meet stricter global emission standards and customer demand for quieter operations, especially in urban projects.
By adopting advanced battery technologies and electric drive systems, Doosan aims to reduce fuel use and maintenance costs over the machine lifecycle. These developments support fleet owners that are gradually transitioning from diesel-dominated fleets to mixed or fully electric portfolios.
Hitachi Construction Machinery (Japan)
Hitachi Construction Machinery is developing electric and hybrid excavators, loaders, and mining equipment to support customers’ decarbonization goals. The company offers battery-electric and hybrid solutions in various size classes, combining electric drives with proven hydraulic systems.
Hitachi emphasizes flexible solutions, including portable charging options and hybrid configurations, to address the limited charging infrastructure at remote sites. This helps operators achieve emission reductions even where full battery-electric operation is not yet practical.
Deere & Company
Deere & Company, known for John Deere-branded equipment, is progressively introducing electrified solutions in agriculture and construction. Electric and hybrid drivetrains are being used in tractors, harvesters, and construction machines to cut fuel consumption and emissions while enabling new levels of powertrain control.
Deere integrates electrification with digital farm and jobsite technologies, enabling better energy management, data-driven maintenance, and smarter use of equipment across fleets. This combination supports both sustainability and higher operational efficiency for customers.
Sandvik (Sweden)
Sandvik is a major supplier of equipment and tools for mining and rock excavation, with a growing line of battery-electric loaders, trucks, and drills. Its electric solutions aim to lower emissions and heat in underground mines, thereby reducing ventilation requirements and improving worker safety.
The company also works on battery systems and charging concepts suited to heavy-duty, high-utilization mining cycles. By pairing electric machines with digital monitoring and automation, Sandvik supports more efficient, low-carbon mining operations
Conclusion:
Off-highway electric vehicles are moving from niche pilots to mainstream solutions across construction, mining, and agriculture as costs fall and regulations tighten. Market studies consistently project strong double‑digit growth over the next decade, confirming that electrified equipment will become a core pillar of future off‑highway fleets rather than a temporary trend.
