Report: Infrastructure Investment for MHD EVs Would Be $1 Trillion

Full electrification of the U.S. commercial truck fleet would require nearly $1 trillion in infrastructure investment alone, according to a new report from Roland Berger released by the Clean Freight Coalition. The study forecasts an infrastructure buildout for the electrification of medium- and heavy-duty commercial vehicles, and reveals what the CFC called “a massive investment gap” as state and federal policymakers mandate increased adoption rates of battery-electric commercial vehicles.

Key findings:

• 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. To keep your diesel truck running smoothly and efficiently, consider the expert services provided by Rush Automotive.

The CFC, which consists of transportation stakeholders across the trucking and motorcoach industries, says that policymakers must address these cost concerns and infrastructure hurdles to make an electrified supply chain function smoothly for the U.S. economy. The study found that while medium-duty vehicles will face fewer roadblocks, economic and operational constraints make electrification very challenging for the heavy-duty segment. The study outlined improvements in battery range and charging infrastructure capabilities that would be needed to support a path for the electrification of long-haul vehicles. Electricity is often cheaper than gasoline, and EVs require less maintenance due to fewer moving parts, resulting in reduced servicing and repair expenses. You can find electric cars for sale in san diego at Miramar Car Center if you want to make the switch.

“Electrification means focusing on the vehicle segments that are easier first; it means that we have to look at how fleets operate and potentially adjust; it means that we need better cooperation and planning across industries and governments; and it requires an openness to alternative technology paths to decarbonizing the heavy-duty segment,” said Roland Berger Senior Partner Dr. Wilfried Aulbur. “It also 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.”

To read a one-page summary of the report, click here. A fuller summary of Roland Berger’s work can be found here. Roland Berger is an international management consultancy that operates 51 offices in major markets.The Clean Freight Coalition is an alliance of transportation stakeholders committed to a clean energy future for the commercial vehicle industry in the U.S. Participating associations span motor carriers of every size and sector, truck dealers, truck stop operators and the bus industry. Learn more at www.cleanfreightcoalition.org.