#447 China's Secret EV Truck Boom Is Crashing Global Diesel Demand
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#447 China's Secret EV Truck Boom Is Crashing Global Diesel Demand
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unexpected and rapid growth of electric heavy trucks throughout China's extensive freight and logistics sectors. This transformation is occurring swiftly, evidenced by a 175% surge in new energy heavy truck sales in the first half of 2025, which means battery-powered units now comprise 22% of all new heavy-duty truck sales. This transition is being driven by strong support from Beijing, falling battery expenses, and the strategic rollout of charging and battery swap infrastructure across major highway networks. Economically, fleet operators are favoring the new technology due to lower operating costs and reduced maintenance compared to traditional diesel vehicles. Crucially, this widespread adoption is already impacting energy markets, with the replacement of diesel trucks contributing to a noticeable drop in China's overall diesel consumption. The source concludes that this domestic shift is a global "game-changer," positioning Chinese manufacturers to potentially reshape international oil demand forecasts through future exports.