Marina Lyubimova
● According to Stock Sharks, Bloomberg data reveals China's commanding lead in the electric truck revolution. The country now drives most global sales of battery-electric, plug-in hybrid, and fuel-cell medium- and heavy-duty trucks.
● Sales have jumped dramatically since 2022. By mid-2025, the world is expected to hit roughly 50,000 units, with China claiming the lion's share. Europe and the U.S. trail far behind.
● But there's a catch. Governments in Western markets are considering cutting EV subsidies while adding carbon taxes. The goal is to boost revenue and speed up decarbonization, but it could backfire. Smaller manufacturers might go under, and talented engineers could leave for China's better-funded industry—a potential brain drain the West can't afford.
● Lower subsidies plus new taxes could slow EV adoption in Europe and America, hampering climate goals and weakening domestic industries. Some industry voices are pushing back, suggesting higher profit taxes on big established EV makers instead of squeezing smaller players.
● This isn't just about trucks—it's about jobs, tax revenue, and staying competitive in the clean energy race. If Western markets can't match China's pace, they risk losing both economic opportunity and ground in the climate fight.
● The message is clear—China has already won the electric truck race, and everyone else is playing catch-up.
Marina Lyubimova
