Freight will eventually go electric as well. It's crazy how fast it's happening in China:
https://www.electrive.com/2026/01/23/year-end-surge-electric...
> It's crazy how fast it's happening in China
The benefits of living in an authoritarian state. The CCP says "we will provide for cheap electric trucks" and it happens, no matter if that displaces tens, if not hundreds of thousands of workers in ICE car manufacturers.
But until that happens in India, the country's freight is still dependent on oil prices.