Rising Iran fuel costs may boost EU electric trucks
The rise in diesel prices due to the Iran war has made owning and operating electric trucks cheaper than their diesel counterparts in six major markets within the European Union, representing about half of new truck sales there. By 2026, electric trucks will save up to €100,000 in the Netherlands, €85,000 in Germany, and €69,000 in Denmark over five years compared to diesel vehicles, able to recoup the premium within two years. The increase in diesel prices has strengthened the case for switching to electric trucks despite infrastructure challenges, amid rising competition from lower-cost Chinese trucks, where the cost of a Chinese electric truck is approximately €210,000 versus €265,000 for European ones, with additional savings of up to €34,000 in Germany over five years.
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