Significant differences exist between European countries in cost savings when charging an electric HGV compared to refuelling on diesel, research has found.

Iceland tops the list as the country with the highest estimated energy savings, at €61.03 (£52.8p) per 100km.

Norway and Finland also offer some of the best savings in Europe, with €49.31 (£42.7p) and €49.12 (£42.5p) per 100km.

The UK sits in 11th place, with an estimated €36.23 (£31.4p) in savings when comparing average diesel and industrial electric prices, according to the study by SNAP.

Croatia ranks last with just €19.96 (£17.3p) in savings.

By 2030, it is estimated that more than 300,000 public and private charge points will be required across Europe to meet the demands of medium and heavy-duty trucks, up from around 10,000 today.

SNAP said the transition to electric HGVs faced “substantial challenges” and that further investment and research was required to help fleet operators and drivers confidently switch to electric variants.

Nick Renton, head of European strategy and business development at SNAP, said: “Our research revealed discrepancies around Europe of up to 54% between the countries with the highest and lowest savings when recharging an eHGV.

“As the industry works toward meeting environmental targets, it’s imperative that fleet operators and drivers have the confidence and the infrastructure to transition to electric vehicles and benefit from the cost savings in every market.

“We want to see industry leaders support fleet operators and drivers in overcoming some of the challenges to EV adoption, such as limited infrastructure, unreliable charge points and high-up front costs.”