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Iran conflict boosts diesel prices in Europe
Diesel prices have risen significantly due to the Iran War, making the use of electric trucks cheaper than their diesel-powered counterparts in six major markets within the European Union, which account for approximately 46% of heavy truck sales there. According to an analysis by the Transport and Environment organization, operators can save up to 100,000 euros over five years by choosing electric trucks instead of diesel ones, especially in the Netherlands, Germany, and Denmark. Despite higher purchase costs and a lack of infrastructure, cost analysis shows that electric trucks have become more economical than diesel, with lower-cost options available for the Chinese industry compared to the European one.
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