China Sees Fast Expansion In Electric Heavy-Truck Sales, Reshaping LNG Demand

Benzinga

China’s electric heavy-truck market is surging, jumping from 9% of new sales last year to more than 22% this year, with forecasts calling for nearly half of all new heavy trucks to be electric. The shift is cutting diesel use, pressuring LNG demand, and driving a rise in global truck exports as charging and battery-swap networks expand.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02China's electric heavy truck market is expanding rapidly, reshaping diesel demand,

00:07and challenging LNG's role in freight transport, according to the AP.

00:11Battery-powered trucks grew from 9.2% of new heavy truck sales in early 2024 to 22% in early 2025,

00:19with forecasts calling for nearly 46% this year and 60% next year.

00:24Electric trucks have now outsold LNG models for five straight months,

00:28supported by falling prices, government incentives,

00:31and major investments in fast-charging hubs and battery-swapping networks.

00:35Analysts said China's shift is cutting diesel use and could reduce future LNG demand,

00:40while exports of Chinese electric trucks continue to rise across global markets.

00:45For all things money, visit Benzinga.com.

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