Electrical truck prices will stay excessive endlessly, forecasts Daimler Truck

The continued conflict between Russia and Ukraine will additional affect the prices of electrical vehicles.

By :
HT Auto Desk

Up to date on:
28 Mar 2022, 09:14 AM

Daimler Truck is likely one of the key gamers within the premium electrical truck house. (AFP)

Daimler Truck sees the electrical vehicles’ prices staying excessive endlessly. Daimler truck CEO Martin Daum has stated in an interview with Monetary Occasions that the electrical truck prices can be increased endlessly than the inner combustion engine-powered ones. He stated the electrical vehicles’ excessive prices are attributed to the price of additional supplies utilized in battery-powered autos. “With none subsidies, the worth of an electrical will all the time, endlessly be increased than a combustion engine truck,” Daum stated.

(Additionally learn: Petrol, diesel costs rise for sixth time in 7 days right now. Examine charges)

The continued conflict between Russia and Ukraine would affect the pricing of the electrical vehicles additional, Daum additional hinted. The conflict has triggered extreme disruption within the provide chain of key uncooked supplies and essential parts. This has triggered rising prices of uncooked supplies and manufacturing, ultimately impacting the worth of autos. Electrical autos too are not any completely different.

Daimler Truck CEO’s remark comes at a time when the worldwide automotive trade is specializing in shifting to electrical powertrain expertise from inner combustion engines. Daimler being one of many key premium truck producers can also be part of that pattern. Volvo too has been avidly engaged on the expertise. Regardless of a number of corporations engaged on electrical vehicles, the adoption of electrical vehicles is considerably decrease as in comparison with electrical automobiles or EVs in different segments. That is due to their considerably increased pricing in comparison with inner combustion engine-powered counterparts.

One other current pattern is that car producers are more and more specializing in constructing electrical pickup vehicles. Whereas EV makers equivalent to Rivian, Tesla have already entered into the house, legacy automakers like Normal Motors, Ford too have launched their respective merchandise into this section. Toyota and Nissan too are mulling the plan to enter this house.


First Revealed Date: 28 Mar 2022, 09:14 AM IST

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