Commercial trucks operate for longer hours, carry heavier loads and burn far more fuel per vehicle than passenger cars but freight diesel is even more important when looking at global diesel demand.
China’s heavy-truck electrification program is targeting 40% new-energy heavy-truck sales by 2030, more than 1.6 million vehicles in operation and roughly 20% of the national heavy-truck fleet. The plan also targets 18% of highway freight volume, which is the more revealing number. China is not merely trying to put electric drivetrains into one-fifth of its trucks. It is concentrating them in commercially active fleets and high-volume freight operations
This is the distinction that oil demand models risk missing. Yes, a few electric trucks in demonstrations are a signal that adoption is coming, but electric trucks tied to corridors, depots, grid capacity and repeatable operating routes are a diesel replacement system.
Source: Clean Technica: Read The Article
PSR Analysis: For a great many years, heavy trucks have been treated as hard to replace with battery systems, a last bastion of diesel. But no more, China is showing us all what can happen, and this should be a strong warning to the oil giants and the legacy truck manufacturers. PSR
Guy Youngs is Forecast & Adoption Lead
