Electric tractor start-ups like Monarch Tractor and Solectrac, along with e-vehicles from Kubota, New Holland, and Fendt, are transforming the $38 billion U.S. ag vehicle industry.

According to Researchandmarkets.com, the U.S. electric farm tractor market was worth $220 million in 2021. Adoption, still in early stages, faces difficulties in high upfront costs, range anxiety and power capacity. Assuming those issues get sorted, where is the market headed?

CALSTART, a non-profit organization working to develop clean, efficient transportation solutions, has conducted research in partnership with market intelligence company Interact Analysis into the penetration of battery electric and hybrid electric tractors. A total of 57 battery electric tractors were sold in the U.S. in the first months of 2022, making up only 0.02% of total U.S. tractor sales. By 2029, however, battery electric tractor sales are projected to pass the 3,000-unit mark, constituting a 1% share of total tractor sales in that year.