Companies Are Looking to Be the First to Break through Nascent Market for Electric Trucks for Long-Haul Freight Applications
Electric long-haul solutions must net a convenience advantage over diesel and other alternative fuels to achieve market penetration
A new report from Navigant Research analyzes the current state of the electric heavy duty (eHD) long-haul truck market.
Electrification has been moving swiftly through the commercial vehicle market. Established suppliers and manufacturers, in addition to startups, are already commercializing medium and heavy duty electric trucks and are working toward solutions for long-haul freight applications. Click to tweet: According to a new report from @NavigantRSRCH, while the development of eHD trucks for long-haul freight applications is still relatively nascent, several companies are looking to be the first to break through.
“Many factors are driving the electrification of long-haul HD trucks, including efforts around the globe to reduce carbon emissions as well as the opportunity for fleet owners to expand their margin with lower operating costs,” says William Drier, research analyst with Navigant Research. “While market players are working to design e-trucks and the charging infrastructure systems needed to support long-haul vehicles, long-haul is a very demanding application and poses many significant challenges to electrification, primarily a comprehensive recharging network.”
According to the report, electric long-haul solutions must net a convenience advantage over diesel and other alternative fuels. To advance the market, Navigant Research recommends manufacturers partner with infrastructure developers or charging point operators as infrastructure solutions are developed. The industry should also work to identify and pursue cost-sharing strategies to build out a comprehensive charging network capable of supporting long-haul e-trucks.
The report, Electrifying HD Trucks for Long-Haul Freight, analyzes the current state of the eHD long-haul truck market. It provides an overview of the new and established key players operating in the market. The report also explores the potential opportunities for growth and the barriers to adoption of eHD trucks. Additionally, the report examines how existing market alternatives to electrification may influence the future of the market. Recommendations are also provided on how suppliers and manufacturers can take advantage of any coming market disruptions. An Executive Summary of the report is available for free download on the Navigant Research website.
* The information contained in this press release concerning the report, Electrifying HD Trucks for Long-Haul Freight, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.