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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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.
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.
