The biggest van and truck manufacturers in Europe have committed to phasing out traditional combustion engines running on diesel by 2040, ten years earlier than initially planned, the Financial Times reported on Monday ahead of an official announcement from the truck makers. The companies, including Ford, Scania, Man, Volvo, DAF, Daimler, and Iveco, have signed a joint commitment to phase out diesel trucks within two decades and work to roll out vehicles running on hydrogen or using battery technology, according to FT. The commercial vehicle manufacturers are expected to invest between US$61 billion (50 billion euro) and US$122 billion (100 billion euro) in such technologies, Henrik Henriksson, chief executive officer at Scania, told FT. “There is no silver bullet; it won’t be that one technology will rule everything, there will be parallel technologies over time,” Henriksson, who is also chairman for 2020 of the Commercial Vehicle Board of Directors […]