Ready or not sale1/27/2024 DAF closes the ranks with a very weak score, having no public ZET target for 2030, and scoring the lowest of all legacy manufacturers on battery value chain. Renault Trucks and IVECO Group are lagging behind in the transition. But the company is not committed to only truly zero-emission technologies in the long term. Volvo Trucks is the current market leader in battery-electric truck sales in Europe and the manufacturer with the most ambitious 2030 target (70% ZET sales share). All three aim for 100% new zero-emission truck (ZET) sales by 2040 or earlier. Scania, Mercedes-Benz Trucks, and MAN are the three European frontrunners based on their announced ambition and strategy. Scania, Mercedes-Benz Trucks, and MAN in the lead Ambitious HDV CO 2 standards are needed for laggards to keep up with international competition.Both have experience in rapidly scaling up zero-emission cars, and have built strong battery supply chains, including securing raw materials.Tesla and BYD outcompete most European truckmakers.The report also looks into how European manufacturers perform compared to their counterparts in the US and China, assessing who is best positioned to win the ongoing global race for leadership on commercial vehicle technology. Renault Trucks and IVECO lag behind, and DAF comes last.Volvo Trucks, current leader in battery-electric truck sales in Europe, finishes mid-table.Scania, Mercedes-Benz Trucks, and MAN lead in Europe.This helps identify the gap between announcement and plans, and the role for regulation to ensure a speedy transition. This report assesses the compatibility of their voluntary zero-emission sales announcements with climate needs, and the extent to which they are aligning their industrial plans and business activity with those targets. T&E ranked European truck brands’ readiness to transition fully to zero-emission truck sales.
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