Electric trucks made up 50.3% of all heavy trucks sold in China in September this year. That’s up from 37% last year and means a volume of 33,100 electric trucks sold in a single month. The state has a target of 40% of all trucks sold being electric.
Meanwhile the overall heavy-truck market actually fell by 21%.
What is most surprising is that these changes are showing up in the oil data. Diesel demand in China is expected to fall by about 230,000 barrels per day during 2026 with trucks running on batteries and natural gas contributing significantly to this drop.
Most of the trucks are now shifting from diesel to electric because of cost savings.
Source: Electrek Read The Article
PSR Analysis: For years, many have argued about whether electric trucks could work with arguments ranging over range, weight, charging, and cost. China settled it the simple but possibly boring way. They reduced the price of battery electric heavy trucks to fairly close to diesel trucks and built swap-battery stations and charging points along major freight routes. They then let fleet operators do what fleet operators always do: pick the cheapest truck per kilometer.PSR
