12 Feb Electric trucks account for 46% of truck sales in China in 2025
(Oilandgaspress) -] The European truck market on the other hand, dominated by a handful of players.Three of them are German: Daimler, MAN, and Scania – both Scania and MAN are owned by Volkswagen. In addition, there is Sweden’s Volvo, America’s DAF, and Italy’s Iveco have reportedly joined forces to weaken emission regulations for trucks. In October, truck makers sent a joint letter to the Commission requesting generous credits that would soften emissions targets. According to Transport & Environment, this concession will result in 25,000 fewer electric trucks by 2030. They got exactly what they asked for. And as a result Volvo and Scania have already exceeded the current 2025-2029 targets and will accumulate large credit reserves to offset stricter requirements in 2030. In practice, EU rules are now so lenient that manufacturers won’t need to ramp up electric truck production until close to 2035.
Enova, a Norwegian government agency that supports the transition to low-emission energy solutions, reports that a diesel tractor unit in Norway costs about €140,000, while an electric equivalent costs around €340,000 – a staggering price gap.
European manufacturers lack dedicated production lines for electric trucks and produce only a few thousand units annually, a likely reason for the high costs.
The market may find solutions beyond Europe. In China, electric trucks sell for under €250,000 and have achieved a market breakthrough.
According to UK-based Business Monitor International, electric trucks account for 46% of truck sales in China this year, and they expect the share to rise to 60% by 2026.
China’s largest electric truck manufacturer, Sany, already produces ten times as many electric trucks as Scania and Volvo and plans to enter Europe in 2026.
Meanwhile, BYD is building a truck factory in Hungary, and Tesla aims to produce 50,000 electric trucks annually once its Nevada plant opens in 2026.
Global startup Windrose, planning factories in Belgium and France, recently announced its electric tractor unit E700 will sell for €250,000, with deliveries starting in early 2026.
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