China’s electric trucks exports surge on back of Iran War

China’s exports of electric trucks to other Asian countries have spiked, reports Reuters. This increase adds to a surge ​in domestic sales as higher fuel costs as a result of the Iran war accelerate regional electrification.

China’s rapid adoption of e-trucks—from lighter vehicles to tractor-trailers—‌has partially shielded China’s auto market from the impact of the conflict. Now other countries are scrambling to follow.

In the four months after the US and Israel launched the war on February 28, China’s exports of heavy e-trucks more than doubled from the same period last year to 16,823 vehicles. Half went to South and Southeast Asia, with shipments to South Asia up more than ​fivefold and to Southeast Asia nearly tripling.