OTR Truck Parking’s Post

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

Electrifying Trucking: $1 Trillion Needed for Infrastructure | Transport Topics

Electrifying Trucking: $1 Trillion Needed for Infrastructure | Transport Topics

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