The International Council on Clean Transportation (ICCT) recently published a report highlighting the disparity in prices of electric trucks between the US and Europe. According to the report, US freight truck buyers are paying significantly more for electric trucks compared to their European counterparts.
The study revealed that the cost of electric Class 8 heavy-duty trucks in the US increased by 27% between 2020 and 2025, while in Europe, the cost of similar trucks decreased by 23% during the same period. This price discrepancy is alarming, especially as battery prices have dropped by 20% globally.
The report also shed light on the resistance of large truck manufacturers in the US against standards aimed at promoting electric trucks. Companies like Daimler Truck North America, Volvo Group, Paccar, and International Motors have sued the state of California over clean truck rules, further complicating the adoption of electric trucks in the country.
Despite the decreasing cost of batteries and the availability of purchase incentives, the prices of electric trucks in the US continue to rise, especially in the Class 8 segment. In contrast, European manufacturers have been more aggressive in pricing their electric trucks to meet CO2 emission standards, showcasing the possibility of competitive pricing in the market.
One of the key issues identified in the report is the lack of transparency in truck pricing, with manufacturers shifting the burden onto dealers. This pricing strategy not only affects dealers’ profit margins but also hinders the adoption of electric trucks in the market.
Industry experts like Rustam Kocher and Katherine Garcia emphasized the importance of affordable electric trucks in curbing pollution and meeting climate goals. They urged manufacturers to prioritize transparency in pricing and make electric trucks more accessible to fleets and communities.
In conclusion, the ICCT report highlights the urgent need for manufacturers to lower the prices of electric trucks and accelerate their adoption in the market. With increasing pressure to reduce emissions and combat climate change, affordable electric trucks play a crucial role in transitioning to a more sustainable transportation sector.
