New Report Pegs Cost of Electrifying U.S. Commercial Truck Fleet at $1 Trillion
Utilities would need to invest $370 billion to upgrade their grid networks to meet the demands of just commercial vehicles.
- Utilities would need to invest $370 billion to upgrade their grid networks to meet the demands of just commercial vehicles.
- For example, a diesel Class 8 truck costs roughly $180,000, while a comparable battery-electric truck costs over $400,000.
- Participating associations span motor carriers of every size and sector, truck dealers, truck stop operators and bus industry.
- "America's commercial truck dealers have made enormous investments to sell and service EVs – nearly $1 billion in this decade.