Basin Upfitting’s Post

Electrification of US Medium- and Heavy-Duty Commercial Fleets Requires Nearly $1 Trillion in Infrastructure Investment Full electrification of the US commercial truck fleet would require nearly $1 trillion in infrastructure investment alone, according to Forecasting a Realistic Electricity Infrastructure Buildout for Medium- & Heavy-Duty Battery Electric Vehicles, a new report from Roland Berger released today by the Clean Freight Coalition. The study forecasts a realistic infrastructure buildout for the electrification of medium- and heavy-duty commercial vehicles, exposing what the CFC calls a massive investment gap as state and federal policymakers mandate increased adoption rates of battery-electric commercial vehicles The CFC, which consists of several transportation stakeholders across the trucking and motorcoach industries, such as the American Bus Association (ABA), the American Trucking Association (ATA), and others, says that policymakers must address these cost concerns and infrastructure hurdles to ensure that an electrified supply chain functions smoothly for the American economy. According to the report, preparing the current commercial vehicle fleet for electrification would cost the trucking industry over $620 billion solely in utility and infrastructure expenses. This includes the installation of specialized chargers, electric service upgrades, and facility enhancements. Additionally, utility companies would need to invest $370 billion to upgrade grid networks to meet the demands of just commercial vehicles. Peter Pantuso, President and CEO of the American Bus Association (ABA), commented, "Forcing the transportation sector to transition to electric vehicles, without considering the totality of what’s involved, makes no sense. This study is a wakeup call and should change the conversation. The U.S. bus industry has a strong environmental record, taking cars off the road and reducing congestion. We’ll continue to support climate initiatives, but they need to be grounded in reality, and the reality is: charging infrastructure has a long way to go before EV transition can succeed." Read more about this groundbreaking report (and the report itself) via the links below in comments. #busoperators #busmanufacturers #EV #electricbus #transit #transportation #infrastructure #sustainability #research #report

Infrastructure buildout necessary to electrify the US trucking industry? Preparing the trucking industry for electrification would require an investment of about $620 billion in charging infrastructure alone, including chargers, site infrastructure and electric service upgrades + +

What's an effective way of garnering attention for your press release? Assigning a very large number to your headline, as is accomplished by the Clean Freight Coalition (yes, a real thing: https://lnkd.in/gX54kWVW) unveiling a study earlier this week that finds that the "trucking industry transitioning to full electrification would require nearly $1 trillion in infrastructure investments." The study by Roland Berger (a summary powerpoint is found here https://lnkd.in/ggk_q637) finds that about 2/3 of that big amount is for charging infrastructure and the other 1/3 for upgraded electrical distribution networks. The study disaggregates the trucking industry electrification needs into four use cases: (1) medium duty (Class 3 to 6) local delivery/lower mileage (2) medium duty higher mileage (3) heavy duty (Class 7 & 8) local/low mileage (4) heavy duty long haul Making these distinctions between truck size and distribution routes is similar to motor carrier electrification studies carried out by the North American Council for Freight Efficiency (NACFE), the most recent demonstration being for charging trucks at terminals or depots (https://lnkd.in/gmBysAaX) and their earlier electric truck report from 2021 (https://lnkd.in/gCEeGfdT). The study discussed below made some rather significant assumptions--that EV trucks would be produced in sufficient numbers to reduce the production cost to near current models and that EV technology would advance to produce smaller, less heavy batteries to allow trucks to carry the same amount of revenue freight. So, many challenges ahead. #electricvehicles #trucking #decarbonization #freight https://lnkd.in/g--brtSM

Full #electrification of the U.S. commercial #truck fleet would require nearly US$1 trillion in #infrastructure investment alone, according to a report from Roland Berger, released by the Clean Freight Coalition (CFC). Preparing today’s commercial vehicle fleet for electrification would require the commercial vehicle industry to invest upwards of $620 billion in charging infrastructure alone, including chargers, site infrastructure and electric service upgrades, the report said. Utilities would need to invest $370 billion to upgrade their grid networks to meet the demands of just #commercialvehicles. With inputs from Chris Spear, Jim Mullen, Jim Ward and Wilfried Aulbur #trucking #transportation #sustainability #electrictrucks https://lnkd.in/gKudpiJJ

Full #electrification of the U.S. commercial #truck fleet would require nearly US$1 trillion in #infrastructure investment alone, according to a report from Roland Berger, released by the Clean Freight Coalition (CFC). Preparing today’s commercial vehicle fleet for electrification would require the commercial vehicle industry to invest upwards of $620 billion in charging infrastructure alone, including chargers, site infrastructure and electric service upgrades, the report said. Utilities would need to invest $370 billion to upgrade their grid networks to meet the demands of just #commercialvehicles. With inputs from Chris Spear, Jim Mullen, Jim Ward and Wilfried Aulbur #trucking #transportation #sustainability #electrictrucks https://lnkd.in/gBZdS6g9

While electrification may* offer environmental benefits, it also comes with substantial costs. Balancing these factors will be crucial as we move toward a cleaner and more efficient transportation system. -Transitioning the trucking industry to electric vehicles would require significant infrastructure investments. A recent study revealed that this shift would cost nearly $1 trillion. -The study found that a substantial portion of this investment—$620 billion—would be needed for charging infrastructure. Additionally, $370 billion would be required to upgrade the distribution grid networks. -American Trucking Associations President Chris Spear emphasized that this transition represents a $1 trillion unfunded mandate for the supply chain. It’s essential to recognize that this cost is not currently covered by the Infrastructure Investment and Jobs Act. -Despite the challenges, the trucking industry has made significant progress. Emissions from truck tailpipes have been reduced by 98.5% over the past four decades. https://lnkd.in/ep9MCrJx

Alexandria, Virginia March 19, 2024:   Roland Berger, an international management consultancy headquartered in Munich, issued its findings from a new report that was released today by the Clean Freight Coalition. In the report, Roland Berger is projecting that full electrification of the U.S. commercial truck fleet would require nearly $1 trillion in infrastructure investment alone. Key findings from the report include the following: -Preparing today’s commercial vehicle fleet for electrification would require the commercial vehicle industry to invest upwards of $620 billion in charging infrastructure alone, including chargers, site infrastructure and electric service upgrades. -Utilities would need to invest $370 billion to upgrade their grid networks to meet the demands of just commercial vehicles. -This nearly $1 trillion expenditure does not account for the cost of new battery-electric trucks, which according to market research can be two to three times more expensive than their diesel-powered equivalents. For example, a diesel Class 8 truck costs roughly $180,000, while a comparable battery-electric truck costs over $400,000. Truckload Carriers Association is one of several founding associations of The Clean Freight Coalition and TCA’s President Jim Ward made the following statement regarding the report.   “Roland Berger's in-depth analysis does a great job of illuminating the challenges that arise when transforming the industry to 100% BEV. It provides great insight into the capital investment and upgrades required for utility distribution and transmission and identifies the vast number of chargers that will need to be installed to continue to deliver America’s goods in a timely manner.   There is no doubt that there are applications that make sense to test and deploy BEV equipment with the drayage and refuge markets, but the Heavy-Duty path should consider other options such as renewable diesel, renewable natural gas, and hydrogen to name a few. TCA believes that the infrastructure discussion is significant but only the tip of the iceberg to other underlying concerns that include cost of ownership, maintenance challenges, battery replacement, disposal and residual.”   Please visit this link for the full Clean Freight Coalition press release on the Roland Berger report: https://lnkd.in/gD_WY3Xp   About Clean Freight Coalition: The Clean Freight Coalition is an alliance of transportation stakeholders committed to a clean energy future for America’s commercial vehicle industry. Participating associations span motor carriers of every size and sector, truck dealers, truck stop operators and bus industry. Learn more at https://lnkd.in/gPPkP8EJ   About Roland Berger:

#SupplyChain pros. Electric trucks weight about 7,000 to 10,000 pounds more, and the USA road capacity isn't changing therefore the increase in truck weight will have to be offset by a decrease in load weight spiking the landed cost of goods, and driving inflation up. Have it on your radar, and in your budget.

The Biden administration has released an ambitious plan to establish a charging and refueling infrastructure network for zero-emission commercial trucks. It’s an initiative that seeks to maximize the impact of charging infrastructure investment by guiding development toward high-volume-priority corridors and existing freight hubs. The Biden administration just released its plan to establish a charging and refueling infrastructure network for zero-emission commercial trucks. It’s an ambitious initiative that seeks to maximize the impact of charging infrastructure investment by guiding development toward high-volume-priority corridors and existing freight hubs. The question, as always, is who will pay for it. Right now, that is up in the air. Trucking fleets are warning they don't want to get stuck with the entire tab.

Today our CEO, Salim Youssefzadeh, presented at the White House Round table on zero emissions freight infrastructure. For the past several years, WattEV has been operating out of Southern California with sites online in the Port of Long Beach, San Bernardino, Gardena and Moreno Valley. These sites have contributed to the electrification of over 20 trucks made up of various OEMs that have moved over 1 million miles of freight for Proctor and Gamble and other shippers. It presents the most diverse fleet and most extensive network to date focused on heavy duty trucks, serving not only WattEVs Truck as a Service carriers, but also other carriers that do not have sufficient charging capacity at their depots. Today WattEV announced the opening of its Bakersfield location, set for May 6th, which is representative of the Biden Administration's climate, clean energy, and environmental justice agenda. The site features 16 dual cord 360 KW CCS chargers connected to PG&E and 15 CCS 240 KW chargers running on a completely islanded operation with 5 MW of solar and 3 MWh of battery storage. This development puts together a series of new innovations that demonstrate grid resilience and new technologies through Distributed Energy Resources. The site will also host the first functional megawatt charger, a newsworthy piece in and of itself. These chargers will reduce the dwell time from 2 hours to 30min, which WattEV sees as a necessary step to achieving long haul, zero-emission freight. We are extremely grateful to be invited to share our announcement at the White House today and share our experiences with the administration. Beyond the 20 trucks already operational in WattEV's fleet, WattEV was recently awarded a $9.2 M grant for an additional 40 trucks that will operate around the ports of LA and LB. These trucks will allow carriers to get access to EVs at an affordable rate, making it more accessible for small carriers to electrify within our ever growing network. Watch the live stream here: https://lnkd.in/epcd6VRY The White House Joint Office of Energy and Transportation Alycia Gilde Drew Kodjak