Hyperdrive
China’s Electric Trucks May Well Pull Forward Peak Oil Demand
EVs have gone from less than 1% of light commercial vehicle sales to 10% in just the last two years.
A prototype of Homtruck, a model Geely Holding Group’s commercial vehicle brand Farizon Auto plans to produce and deliver in early 2024.
Source: Geely
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Electric trucks are grabbing a lot of headlines lately. Elon Musk announced Tesla Semis will start shipping to PepsiCo in California. Volvo is delivering battery-powered big rigs to Amazon in Germany.