Interact Analysis: zero-emission trucks are making quite impressive figures in China
According to the report published by Interact Analysis' expert Shirly Zhu, "total registrations of electrified commercial vehicles in August maintained their growth momentum, registering an 87% year-on-year increase to 17,822 units – a new high in 2022". Talking about trucks, this segment generated a higher year-on-year growth rate: 89%.
Zero-emission trucks are generating very good growth rates in China. According to the report published by Interact Analysis‘ expert Shirly Zhu, “total registrations of electrified commercial vehicles in August maintained their growth momentum, registering an 87% year-on-year increase to 17,822 units – a new high in 2022”. Talking about trucks, this segment generated a higher year-on-year growth rate: 89%.
China leads (so far) the race to electric trucks. Global trends and forecasts from Interact Analysis
In August, registration sales of new energy trucks stood at 7.831 units, a new record for 2022. “This came in the wake of the general recovery of the truck market, particularly the light-duty trucks segment, as well as the continued penetration of electrified vehicles”, confirms Shirly Zhu.
Zero-emission trucks in China gain momentum
In the report, we read that “New energy vehicles continued their rapid penetration, accounting for 3.0% of sales in August, up by 1.3 percentage points compared with the same period last year (…). Driven by the increasing adoption of electrified solutions in the heavy-duty sector where the control of emissions is a high priority, and more specifically the promotion of battery-swapping solutions, the sales of electrified heavy-duty trucks maintained their growth momentum, registering a 130% year-on-year increase to 1,827 units. Light-duty trucks achieved a 78% year-on-year growth, and remained the largest product group, accounting for 74% of total new energy truck registrations”.
From a powertrain perspective
“Battery electric remained the dominant type for new energy trucks, occupying a 95% share and registrations of battery electric trucks maintained strong growth at 86% year-on-year. With the delivery of hydrogen fuel cell trucks into the market for demonstration projects in various cities, this segment saw a more than fivefold increase in sales year-on-year, up to 250 units. Sales of hybrid trucks – primarily light-duty trucks – were up by 39% to 151 units”.