Affordability the Biggest Challenge for Electric Truck Producers

Affordability the Biggest Challenge for Electric Truck Producers
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
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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.