🔴 LIVE: The Secrets of ProPicks AI Success Revealed + November’s List FREEWatch Now

Daimler Truck eyes half of Europe sales from EVs in 2030

Published 09/16/2024, 09:09 AM
Updated 09/16/2024, 11:56 AM
© Reuters. FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke/File Photo
DTGGe
-

By Ilona Wissenbach and Andrey Sychev

HANOVER, Germany (Reuters) -Daimler Truck, one of the world's biggest commercial vehicle makers, aims for half of its European sales to come from electric trucks in 2030, the head of its Mercedes-Benz (OTC:MBGAF) Trucks unit, Karin Radstrom, said on Monday.

Radstrom, who is due to take the helm of the whole group next month, seeks to sell as many as 30,000 electric trucks, or half of Daimler's total vehicle sales in Europe, by the end of the decade.

"Hopefully we'll be so good that we can do even more," she said at a press conference during the IAA Transportation trade fair in Hanover.

Daimler Truck will start producing its first fully electric heavy truck Mercedes-Benz eActros 600 in November this year and has already received 2,000 orders for it.

Its outgoing CEO Martin Daum earlier on Monday said he sees no easing on the European truck market in the first half of 2025.

The group faces subdued demand after chips and other parts shortages in the wake of the COVID-19 pandemic pushed up production costs.

The trucking industry also faces challenges to reduce pollution from commercial vehicles, while logistic firms, their main clients, are unwilling to pay more for electric trucks as the charging infrastructure is still far from complete.

For Daimler Truck's technology chief Andreas Gorbach, the European Union's 45% carbon emission reduction target by 2030 seems hardly achievable with the current pace of charging infrastructure development in Europe.

He suggested that the targets should instead be coupled with the pace of infrastructure development and would be revisited every year depending on progress.

© Reuters. FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke/File Photo

"In the past, somebody had to build the highways to have trucks on them... and the highway of the future is the charging infrastructure," Gorbach said.

"Now it is the time to switch gears, otherwise it becomes unrealistic," he added.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.