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Wednesday 23 November 2022

Price Waterhouse predicts electric trucks will take over by 2035

A new report from Price Waterhouse Coopers Strategy (PwC) predicts that zero-emission trucks will be outperforming legacy ICE trucks about a decade from now. 

The dawn of electrified trucking: Routes to decarbonising commercial vehicles forecasts that by 2030, zero-emission vehicles (battery-electric or fuel cell) will account for a third of all trucks in Europe, North America and China, and 70 percent by 2035.

As PwC sees it, two main factors are driving the decarbonization of trucking: increasingly strict regulatory requirements and decreasing total cost of ownership (TCO) for ZEVs.

Electric trucks “will start making more economic sense than any other technology as early as 2025,” and will “reach a cost advantage of ~30% over internal combustion engine vehicles in 2030.”

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