Are Fleets Heading Toward Electric Trucks?

Date: February 7, 2019

The Class 8 heavy-duty truck and fleet industry held a prolonged dialogue throughout 2018 regarding the prospects of electrification of vehicles and where they stack up against diesel counterparts. While electrification has potential to grow into a possible reality down the road, many in the industry remain devoted to improving output of quality returns found in diesel.

There are copious reasons why electric trucks may continue to take a backseat when private transportation fleets and for-hire carriers are developing their truck procurement strategies. Items ranging from fuel economy, cost of investment, range and charging station organization are at the top of the list of trepidations for fleet managers.

In a recent industry benchmark survey, fuel economy ranked second (36.7%) as a top motivator overall for truck replacement. This is especially important since 86% said they’ve experienced a consistent increase in fuel economy in model years 2013 through 2018. This perspective is further underscored by the fact that the recent price of diesel has increased above what industry forecasts projected. According to the latest North American Council for Freight Efficiency (NACFE) and its 2018 Annual Fleet Fuel Study, diesel recently increased to $3.28 per gallon, surpassing its projection of reaching just $2.72 in 2018… To continue reading, CLICK HERE.

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