Daimler Truck sees electric trucks costs staying high, FT says

(Reuters) – The chief govt of Daimler Truck mentioned electrical truck prices would “endlessly be increased” than these utilizing combustion engines, the Monetary Occasions reported on Sunday, as Russia’s invasion of Ukraine added to rising uncooked materials prices.

Martin Daum advised the newspaper that governments wanted to assist make up the distinction in the price of the additional supplies utilized in battery-powered automobiles. “With none subsidies . . . the value of an (electrical) truck will at all times, endlessly be increased than a (combustion engine] truck,” he mentioned.

(Reporting by Maria Ponnezhath in Bengaluru; Enhancing by Edmund Blair)