Refrigerated trucks play a key role in urban distribution, mainly serving agricultural products, catering, fresh food, medicine and other industries. Light vehicles are still the main force in the market. From the perspective of energy structure, pure electric still occupies a dominant position. Among them, pure electric light refrigerated trucks account for more than 80%, an increase of 20.94% over the same period last year, highlighting the strong development momentum of pure electric technology in the field of light refrigerated trucks. It is worth noting that the potential of light hybrid refrigerated trucks in the market is being released, and sales have jumped from less than 900 vehicles in 2023 to more than 2,500 vehicles in 2024, a year-on-year increase of 212.59%.

On March 18, 2025, the Ministry of Transport, the National Development and Reform Commission, and the Ministry of Finance jointly issued a policy on the implementation of the scrapping and renewal subsidy policy for old operating trucks, and this policy will be seamlessly extended to December 31, 2025. Compared with the 2024 policy, the subsidy scope in 2025 has been significantly expanded. The subsidy covers not only trucks that meet the National III standard, but also vehicles that meet the National IV standard, and the emission standards are further expanded. At the same time, in terms of fuel types, the restrictions on diesel are removed, so that trucks that meet the conditions and use gasoline, natural gas, methanol and other fuel types can also enjoy the dividends of the subsidy policy. The introduction of favorable policies indicates that 2025 may be the year of the explosion of new energy refrigerated trucks.