The organisation Transport & Environment (T&E) has published a competitive analysis on the development of the European electric truck market. For this study, the researchers examined costs, technical requirements, and manufacturer targets, using these findings as the basis for their modelling. The context is that the EU truck market, with an annual volume of 245,000 vehicles, is currently dominated by a few established manufacturers – namely Daimler Truck, Traton with its subsidiaries Scania and MAN, Iveco, DAF, and the Volvo Group with its subsidiaries Volvo Trucks and Renault Trucks. At the same time, the share of electric trucks is rising: although it remains at a very low level, the growth rates are so strong that electric trucks are expected to account for an increasingly significant proportion of new registrations in the coming years.
T&E has taken a closer look at this segment in its modelling. The key message of its analysis: Chinese and US truck manufacturers could capture a quarter of the European electric truck market by 2030 if domestic manufacturers do not accelerate electrification. T&E states verbatim: “Maintaining ambition of the truck CO2 standards will be critical to EU manufacturers remaining market leaders.” In other words, the analysts advise a proactive approach to electrification.
