23 Hrs
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الاقتصادية
Electric trucks gain momentum as diesel prices rise
The rise in diesel prices linked to the war with Iran has shifted the economics of trucking in Europe in favor of electric vehicles. It has become more cost-effective to own and operate electric trucks compared to their diesel counterparts in six major markets within the European Union, which account for approximately 46% of heavy truck registrations. It is projected that electric trucks could save up to €100,000 in the Netherlands, €85,000 in Germany, and €69,000 in Denmark over five years, with the additional purchase cost potentially recovered within two years thanks to lower operating costs and rising diesel prices. The increase in oil prices has been a key factor strengthening the economic case for switching to electric vehicles, despite challenges such as weak infrastructure and high upfront costs. European companies also face competition from Chinese firms offering trucks at prices up to 30% lower, intensifying competition in the European electric truck market.
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