On June 12, China’s Ministry of Transport (MOT), National Development and Reform Commission (NDRC), the Ministry of Industry and Information Technology and eight other government bodies jointly issued an implementation plan to accelerate the large-scale deployment of electric heavy trucks. The plan targets 40% market penetration by 2030, with the national fleet exceeding 1.6 million vehicles and accounting for around 20% of China’s total heavy truck fleet. 📌 This is the first time Chinese government departments have set national targets for the segment covering fleet size, fleet share and the share of new heavy truck sales. In 2026, electric heavy trucks are already approaching 30% market penetration in China, while their share of the total heavy truck fleet remains around 4.5%. 🔋 The Implementation Plan states that in regions such as the Beijing-Tianjin-Hebei area and the Fenwei Plain, the electrification rate of fixed-route short-haul transport should exceed 80%. It also calls for building 30,000 km of zero-carbon road freight corridors, developing charging and battery-swapping infrastructure for electric heavy trucks along the expressway network, building around 3,000 charging and battery-swapping stations for heavy trucks, and increasing the share of electric heavy trucks in expressway freight volume to 18%. According to the MOT, China had around 8.6 million heavy trucks by the end of 2025. Separately, Huatai Securities estimated that China had around 384,000 electric heavy trucks, including 366,000 battery-electric heavy trucks and 18,000 hydrogen-powered heavy trucks. Over the past five years, driven by both policy and market forces, electric heavy trucks have developed rapidly in China. Market penetration rose from less than 1% in 2021 to 28.9% in 2025, with annual sales reaching 231,100 units, up 182% year-on-year. Growth continued in 2026. According to end-user registration data, China sold around 71,800 electric heavy trucks from January to April 2026, up 56% year-on-year, with market penetration at around 28%. 💰 In recent years, several policies have continued to use fiscal support to promote the replacement of older commercial trucks with electric heavy trucks. In 2024, the NDRC and the Ministry of Finance issued the Several Measures to Further Support Large-Scale Equipment Renewal and Consumer Goods Trade-Ins, coordinating around RMB 300 billion in ultra-long-term special treasury bond funds to support equipment renewal and trade-ins, including support for the scrapping and replacement of older commercial trucks. The trade-in support policy has been extended through 2025 and 2026. Scrappage subsidies for diesel heavy trucks can reach up to RMB 45,000, while subsidies for the purchase of new electric heavy trucks can reach up to RMB 95,000. Combined, the maximum subsidy per vehicle can reach RMB 140,000.