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
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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.
Ambitious charging, refueling heavy truck network plan unveiled by Biden administration
mmh.com
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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 + +
Electrification infrastructure for U.S. trucks will cost US$1 trillion, report finds - Truck News
https://www.trucknews.com
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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
Electrification infrastructure for U.S. trucks will cost US$1 trillion, report finds - Truck News
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$1 Trillion Required to Electrify U.S. Commercial Truck Fleet : A new report by the Clean Freight Coalition pegs the total cost of U.S. commercial truck fleet electrification at nearly $1 trillion in infrastructure investment alone, exposing what could be a massive investment gap as policymakers persist with EV adoption mandates. Key findings: $620 billion would be required 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 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. The CFC urges policymakers to address these cost concerns and infrastructure hurdles so that the transition to electric fleets can go smoothly for the American economy. Dr. Wilfried Aulbur, Senior Partner at Roland Berger, says “It is clear that an industry with a yearly turnover of about $800 billion and a profit margin around 5% cannot invest $620 billion without financial support or a significant increase in freight rates.” https://lnkd.in/eZQeJiHK
New report pegs cost of electrifying U.S. commercial truck fleet at $1 trillion
ajot.com
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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
Electrification infrastructure for U.S. trucks will cost US$1 trillion, report finds - Truck News
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This came out today. A freight corridor infrastructure is crucial for the heavy duty freight sector to move forward in electrification. The strategy relies on establishing hubs, connecting them and then expanding. Take a look at pages vi-ix. Now that the strategy is outlined, it is important to move forward on implementation.
Biden-Harris Administration Releases First-Ever National Strategy to Accelerate Deployment of Zero-Emission Infrastructure for Freight Trucks
energy.gov
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Biden admin debuts infrastructure plan to electrify freight by 2040, a first The Biden Administration has released the first-ever strategy document detailing its plan to target specific freight corridors for infrastructure improvement, with the intent of helping to reach its goal of 100% zero-emission new truck sales by 2040. The strategy is a cooperation between the Departments of Transportation and Energy (through the Joint Office of Energy https://lnkd.in/gwzNPQV4
Biden admin debuts infrastructure plan to electrify freight by 2040, a first
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The Biden-Harris Administration has unveiled the National Zero-Emission Freight Corridor Strategy, a collaborative effort involving US departments and agencies. The strategy outlines a plan to deploy charging and hydrogen fueling infrastructure for zero-emission medium- and heavy-duty vehicles from 2024 to 2040. The goal is to contribute to a zero-emission transportation sector, fostering clean air, providing market certainty for clean technology investments, and bolstering supply chains. The strategy's implementation will occur in four phases, prioritizing, sequencing, and accelerating infrastructure development along key freight corridors and hubs. These phases encompass the establishment of priority hubs (2024-2027), the connection of hubs along critical freight corridors (2027-2030), the expansion of corridor connections to initiate network development (2030-2035), and the achievement of a national network by linking regional corridors for ubiquitous access (2035-2040). Review the source for a better perspective: https://lnkd.in/d4gd_fUE #climateaction #sustainabledevelopment #zeroemission #freighttransportation #electricalvehicles
Biden-Harris Administration Releases First-Ever National Strategy to Accelerate Deployment of Zero-Emission Infrastructure for Freight Trucks
energy.gov
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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
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