Electric truck charging infrastructure needs $450 billion

The roll-out of the refuelling infrastructure necessary for Electric Trucks would most likely necessitate investments of over USD 450 billion by 2040, with China expected to receive the largest share because of its enormous truck fleet.
Refuelling technology will most likely evolve. Slower chargers will predominate in the early years, with a gradual shift toward a greater proportion of fast chargers of 500 megawatts (MW) or more.

Aside from operational advantages, higher-power chargers can result in cheaper per-unit expenses if used properly. Furthermore, the change to higher-power chargers will also help to cut charging times.

Source: Preparing the world for zero- emission trucks | McKinsey

Get ‘FREE OF CHARGE’ access to this and 400+ other valuable EV Market Reports in our database. Enjoy reading!

Graph showing the cumulative installed charging capacity in MW for North America, EU30, and Greater China from 2022 to 2040. The capacity increases from around 10 MW in 2022 to approximately 1800 MW by 2040, representing an 180x growth.
Source: Preparing the world for zero- emission trucks | McKinsey
Related news

P3 Charging Index reveals Asia’s fastest-charging EVs

The P3 Group has released its P3 Charging Index for Asia at the 37th International Electric…

read more
EV Charging
Asia
Published by: Editorial board | June 19, 2024

UAE accelerates EV adoption to meet 2050 carbon neutrality goals

The UAE is intensifying its efforts to transition to e-Mobility as part of its ambitious plan…

read more
Electric Vehicles
Asia
Published by: Editorial board | June 18, 2024

Corporate cars falling behind in Europe’s Electric Vehicle adoption

A recent briefing by Transport & Environment (T&E) has highlighted a significant issue in Europe’s corporate…

read more
Electric Vehicles
Europe
Published by: Editorial board | June 17, 2024

EU introduces provisional duties on subsidised EV imports from China

In a decisive move aimed at ensuring fair competition and protecting its automotive industry, the European…

read more
Electric Vehicles
Americas
Published by: Editorial board | June 13, 2024