Financing electric trucks and charging infrastructure
European leaders have agreed on a historic EU financial deal to boost the European economy after the COVID-19 crisis. The new Recovery and Resilience Facility (RRF), as well as the negotiations on the new Multiannual Financial Framework (MFF) offer a unique financial opportunity to enable the decarbonisation of the road freight sector and the deployment of zero-emission trucks (ZET).
This briefing looks into how financial instruments can support zero-emission trucks, and in particular battery electric trucks that will be the first ones coming into the market.There are two existing instruments: the CEF Blending Facility and the CEF Debt Instrument – the latter will be incorporated in Invest EU in the next MFF -, and there will be the RRF. These should provide the right incentives for electric trucks, notably taking into account the increased upfront capital cost of these vehicles and the fact that 99% of road transport companies are SMEs with low-margins.
Related Articles
View All
Are new electric entrants serious competition for European truckmakers?
European truckmakers face increasing competition as new players enter the heavy electric truck market offering performant products for cheaper.
Chinese and US truckmakers set to gain over a quarter of European electric truck market by 2030
T&E warns that maintaining ambition of the truck CO2 standards will be critical to EU manufacturers remaining market leaders
EU heavy-duty vehicle transition needs renewed political momentum
IRU and T&E are calling on European Commission President Ursula von der Leyen to launch a strategic dialogue on heavy-duty vehicle decarbonisation, as...