Electric heavy trucks offer lower ownership costs than diesel in several EU markets

A new report from the environmental organization Transport & Environment (T&E) indicates that electric heavy trucks are becoming more cost-effective than diesel alternatives in several major European markets.

In six out of nine analyzed EU countries, the total cost of ownership (TCO) for electric trucks is already lower than for diesel counterparts. These markets represent 46 percent of all new heavy truck sales in the EU. The most significant savings were found in the Netherlands, where companies could save up to 100,000 euro over five years, and Germany, with savings of up to 85,000 euro.

In Sweden, the report calculates that owning and operating an electric heavy truck costs approximately 305,000 euro over five years, compared to 345,000 euro for a diesel version, resulting in a saving of roughly 40,000 euro. T&E predicts that by 2030, electric trucks could be cheaper to operate in all nine analyzed EU countries, even if current purchase subsidies are reduced.