Emissions-free truck prices need to drop by 50% to compete with diesel, study says
Story by Reuters • 1h
FRANKFURT (Reuters) - Prices of emissions-free trucks need to fall by as much as half to make them an affordable alternative to diesel models, a study by consultancy firm McKinsey published on Wednesday said, a necessary step to help achieve European Union climate targets.
Less than 2% of the EU's heavy freight vehicles are now electric and hydrogen-powered. To meet the bloc's carbon emission reduction targets, the share should rise to 40% of new sales by 2030, the study released before the IAA Transportation 2024 truck show in Hanover showed.
Currently production costs for electric trucks are 2.5-3 times higher than for diesel ones, the study said, and with logistics firms unwilling to accept higher costs for emissions-free freight, that goal is still distant.
To overcome that, prices for new electric trucks should be no more than 30% higher than for diesel models, McKinsey said, which would require a technological leap in batteries.
https://www.msn.com/en-us/money/news/emissions-free-truck-prices-need-to-drop-by-50-to-compete-with-diesel-study-says/ar-AA1qnX56
