Soaring electric truck sales deal new blow to diesel use in China
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 11 2025
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Should l Buy ?
Source: Reuters
Electric Truck Market Growth: Electric-powered heavy trucks in China have seen a 175% increase in sales in the first half of the year, significantly impacting diesel demand and oil consumption forecasts due to improved charging infrastructure and government subsidies.
Future Projections: Analysts predict that electric heavy trucks could account for 70-80% of new truck sales within two to three years, driven by lower operating costs and enhanced charging networks, while diesel consumption is expected to decline significantly by 2030.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
