Electric trucks are just around the corner, analysis shows

Electric cars (EV)
An electric car being charged

McKinsey Energy Insights (MEI) said its latest analysis shows increasing uptake of electric trucks (eTrucks) could become a significant market trend by 2030.

The organisation’s research is based on an adoption scenario looking at large world markets such as the US, Europe and China and incorporating three main drivers of moving to electric vehicles.

The analysis claims that three main drivers — cost parity with diesel trucks, electrification readiness and regulation — will determine the speed at which they gain popularity.

MEI believes that by 2030 eTrucks could account for 15% of global truck sales with slightly higher numbers in the China and Europe pushing up the overall average.

It also claimed that eTrucks will reach cost parity with diesel trucks within the next 10 years.