Daimler Truck Sees Electric Trucks Costs Staying High - report
Daimler Trucks chief executive said governments need to offer subsidies to offset the higher costs of electric trucks
Highlights
The chief executive of Daimler Truck said electric truck costs would "forever be higher" than those using combustion engines, the Financial Times reported on Sunday, as Russia's invasion of Ukraine added to rising raw material costs.
Martin Daum told the newspaper that governments needed to help make up the difference in the cost of the extra materials used in battery-powered vehicles. "Without any subsidies . . . the price of an (electric) truck will always, forever be higher than a (combustion engine] truck," he said.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Last Updated on March 28, 2022
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