Diesel Cost Rise Boosts Electric Trucks in Europe
The rise in diesel prices linked to Iran's conflict this year has made the ownership and operation costs of electric trucks cheaper than their diesel counterparts in six major markets within the European Union, which account for about half of the EU's new truck sales. Electric trucks can save up to 100,000 euros over five years, and the initial premium can be recouped within two years, enhancing the business case for transitioning to electric vehicles. Despite a slowdown in adoption due to higher purchase prices and limited infrastructure, operating electric trucks has become more cost-effective in some European countries, with strong competition expected from cheaper Chinese trucks, which can be up to 30% less expensive.
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