Electric trucks hit 50% of China’s heavy truck sales, diesel demand falls
Electric trucks made up 50.3% of all heavy trucks sold in China in September. That’s 33,100 electric big rigs in a single month, up 37% from a year ago, while the overall heavy-truck market shrank by 21%.
And it’s showing up in the oil data. China’s diesel demand is on track to fall by about 230,000 barrels per day this year, and trucks running on batteries and natural gas are doing most of the work.