Analysis: 30% cost premium is hobbling sales of electric trucks - The Loadstar

Analysis: 30% cost premium is hobbling sales of electric trucks - The Loadstar

McKinsey analysis has identified a 30% disparity in the total cost of ownership (TCO) of electric trucks, compared with conventional internal combustion engine (ICE) models. And this is likely to be holding back the electrification of long-haul trucks. Earlier this month, Milence, a JV between Daimler Truck, Traton Group and Volvo, opened at Immingham, UK, with eight charging bays for all-electric HGVs. Milence also has plans for a charging hub …

Volvo Trucks biggest in electric trucks in Europe and North America

For the fifth year in a row, Volvo Trucks is the segment leader in Europe for heavy electric trucks. The company has a segment share in Europe of 47%. Volvo also has a leading position in the heavy electric truck segment in North America.