‘Time is running out' to build more electric truck chargers in Europe, says Daimler Truck CEO [Fortune]
BlackRock, Inc. (BLK)
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Source: Fortune
The lack of electric truck chargers in Europe and the US “is my biggest concern,” Martin Daum, who heads Daimler Truck Holding AG, said in an interview. He cited lengthy permitting and the challenges of installing megawatt-level charging stations that could require the peak power demand of a small town. The German manufacturer reports first-quarter earnings on Friday. Daimler Truck, Volvo and Volkswagen's Traton are under growing regulatory pressure to cut emissions, but sales of their electric trucks— including heavy-duty rigs like the Mercedes-Benz eActros 600 that can travel 500 kilometers (311 miles) on a charge — remain minimal . That's partly due to the charger gap, and also because battery-powered trucks are more expensive than comparable diesel models. Daum said electric-truck technology is progressing nicely and that he's optimistic on price parity if regulators charge for carbon dioxide-emissions. But he added that there needs to be greater support from governments to b
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