Electric trucks now almost €1,800 a month cheaper to run than diesel
• European diesel hauliers face a monthly increase in fuel costs 1.5 times higher than electric trucks, which now deliver an extra €280 in monthly savings per vehicle.
• In Germany, fuel cost increase for diesel trucks is over 2.5 times that of electric trucks, which are now saving €1760 a month in energy costs.
• Electric trucks could cut European oil imports by 22% by 2035, and save Europe €28 billion.
The current volatility of oil prices would add an average of €890 to monthly fuel costs for European diesel trucks, a new T&E analysis shows. This is 1.5 times the cost increase that electric trucks would face. With fuel prices typically representing around a third of operating costs in road freight transport, and many operators running on margins of just 2%, diesel hauliers are particularly exposed to volatile oil markets, says T&E.
Diesel prices at the pump across major EU markets have climbed toward levels last seen during the 2022 energy crisis, exceeding €2 per litre. This means that in a country like Germany, the biggest truck market in Europe, operators are now expected to pay around €1210 more in diesel costs every month. (....)