Affordability the Biggest Challenge for Electric Truck Producers
Electric Trucks Will ‘Forever Be Higher’ in Costs Than Traditional Vehicles, Daimler CEO Says
A Daimler Urban eTruck electric truck during a press conference at the IAA Nutzfahrzeuge (IAA Commercial Vehicles) fair in Hanover, northern Germany on Sept. 21, 2016. Julian Stratenschulte/DPA/AFP via Getty Images
The cost of building an electric truck will always be more expensive when compared to a truck running on a traditional combustion engine, according to Martin Daum, CEO of Germany-based Daimler Truck.
The high price of critical materials needed to build electric trucks makes the vehicle more expensive, Daum said in an interview with FT.
Naveen Athrappully
Reporter
Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.
