Electric Truck Market Growing at 25.80% CAGR and Expected to reach $3306.28 Mn Forecast 2030 | Vantage Market Research: … hybrid electric truck and the fuel cell electric truck segments. ▪ The light-duty truck … ▪ Light Duty Trucks ▪ Medium Duty Trucks ▪ Heavy Duty Trucks By End User … of major battery manufacturers and automotive companies further strengthens the region … #car #cars #awesome
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“Volvo just launched an #electricsemitruck with 600 km range” Michelle Lewis - Sep 3 2024 “Volvo doesn’t yet reveal the specs of its new long-range FH Electric, but it’s calling this launch a “breakthrough.” It says the new electric semi’s driveline technology, the #eaxle , is what makes the extended range possible since it creates space for a lot more #batterycapacity onboard. The new FH Electric also features more efficient #batteries , a further improved #batterymanagementsystem , and an efficient #powertrain .” “For comparison, Volvo Truck’s FH Electric, currently on the market, holds up to six #batterypacks for up to 540 kWh of power. It can drive up to 300 km (186 miles) on a single charge – so Volvo Trucks basically just doubled the FH Electric’s range. Pretty impressive.” https://lnkd.in/e2w6T5hD? Source- original post Read all my posts #MariusPreston
Volvo just launched an electric semi truck with 600 km range
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Zero-Emission Trucks can be cost competitive by 2035 (and much sooner depending on size and range): … estimates new zero-emission truck sales in all categories as … all regions wanting to drive truck emissions down faster. Medium- … Competitiveness of Zero-Emission Trucks“—by Ledna and NREL’ … batteries. Heavy trucks (Classes 7–8) and trucks that drive longer … #truck #trucks #cars
Zero-Emission Trucks can be cost competitive by 2035 (and much sooner depending on size and range) - Energy Post
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Strategies for Automotive Businesses to Successfully Transition to Electric Fleet Vehicles The world is undergoing a profound transformation, driven by increasing environmental awareness and the growing scarcity of crude oil. This shift has prompted the automotive industry to pivot towards electric fleet vehicles, marking a pivotal step towards a more sustainable and less polluted future. Notably, this EV fleet transition has garnered widespread appreciation from conscientious consumers, leading to a remarkable surge in electric vehicle (EV) sales over the past five years. By looking at the current state of automotive industry, experts project that the domestic EV market will exhibit a staggering compound annual growth rate (CAGR) of 49 percent between 2022 and 2030, with an anticipated annual sales volume of 10 million units by 2030. For more details, visit; https://lnkd.in/dy8XJ_dV #owebesttechnologies #evtransition #greenfleet #sustainablemobility #electrifyfleet #cleantransportation #futureofdriving #zeroemissionsfleet #ecofriendlycars #electricvehicleadoption #charginginfrastructure #fleetmanagement #renewableenergy #electricmobility #innovationintransportation
Strategies for Automotive Businesses to Transition to Electric Fleet Vehicles
owebest.com
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Why Electric Vehicles are not the wave of the future and why governments’ massive investments in their production is a huge mistake (Part 1). While Electric Vehicles (EVs) may not produce harmful emissions, electricity itself is not a source of energy, rather it is a means of transportation of energy generated by other means. Storing the electricity to operate EVs requires batteries, such as lithium ion batteries, that are costly and environmentally damaging to manufacture. Many jurisdictions in the world still have coal as their primary energy source used in the generation of electricity. By giving up a gasoline powered car and purchasing a new EV, a consumer may have unwittingly switched from burning petroleum to burning coal, albeit indirectly. It should also be considered that with millions of drivers switching to EVs, sufficient charging capacity will have to be available. The additional load placed on the electricity grid will be considerable. On average EVs are 25% more expensive to purchase than gas powered vehicles. Governments in various countries have been heavily subsidizing the construction of EV assembly plants and EV battery manufacturing plants. Much of these initiatives appear to have been undertaken for political reasons. The cost of the subsidies needs to be included when evaluating the economics of these projects. In Canada, the Federal government and the Government of Ontario have wagered very heavily on the future of electric cars. Honda Canada’s investment of approximately $15 billion is purposed to create Canada’s first comprehensive electric vehicle supply chain facility, which is expected to produce 240,000 vehicles per year. In April 2024, the Government assistance for the new Allston Ontario Honda plant was announced as $5 billion. This facility is expected to create 1,000 direct jobs, representing $5 million per job. While EV owners will incur higher ongoing insurance costs, versus internal combustion engine cars, because of the risk of having to replace the battery, if it becomes seriously damaged. Electric vehicles can be thousands of pounds heavier than similar gas powered vehicles, because of the battery. This means that they will inflict increased wear on roads and highways. EVs require special tires to accommodate this extra weight. The public has started to take note of the above considerations, resulting in less than initially projected EV sales demand. Some North American EV producers have scaled back their planned production accordingly. Ford Canada announced it is pivoting away from its initial production plans to build electric vehicles in Oakville, Ontario. Instead, the automaker will produce gasoline-powered cars. The implications for government mandated EV objectives are obvious: while the Canadian Federal government has mandated that all new vehicles sales must be of EVs by year the 2035, it will be difficult to require the public to adopt EVs if favorable economics are not there.
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Swappable Electric Vehicle Battery Market to Hit $ 2884.02 Mn by 2031 Owing to Growing Demand for Convenient Charging: … . To address this, electric vehicles (EVs) are gaining … a joint venture promoting electric vehicles with replaceable batteries. … dominated the swappable electric vehicle battery market in … for the swappable electric vehicle battery market. Detailed … #car #cars #awesome
Swappable Electric Vehicle Battery Market to Hit $ 2884.02 Mn by 2031 Owing to Growing Demand for Convenient Charging
electriccars.einnews.com
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💡 🚛 Preparing for the Surge: Meeting the MCS Requirements of Electric Trucks Despite the initially higher costs, the total cost of ownership (TCO) of EVs is becoming more competitive due to declining battery costs and government incentives. #Truck electrification, albeit slower, is gaining momentum, with major manufacturers testing fully electric heavy trucks. 📈 Meeting ambitious electrification goals, such as Scania's aim for 50% electric vehicles by 2030, requires robust charging infrastructure. The Charging Interface Initiative (CharIN) is developing standards like the Megawatt Charging System (MCS) to support rapid truck charging. ⚡ Load management is crucial to balance power demands and optimize charging efficiency, especially for large fleets. Energy management solutions play a vital role in maximizing grid capacity and reducing energy expenses. Investment in electrification technologies promises a smoother transition to greener fleets, contributing to significant carbon emissions reduction. 👉 Read in detail here: https://lnkd.in/db2jfYhN John Granby #charginginfrastructure #charging #megawattchargingsystem #eTruck #EVfleets #electricvehicles
Preparing for the Surge: Meeting the MCS Requirements of Electric Trucks
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A new study has found #electrictrucks are on track to hit up-front cost price parity with their #diesel category equivalents much faster than previously expected, thanks to rapidly falling battery costs. The new report from #EnergyInnovation says that because heavy-duty vehicles (HDVs) require larger batteries, their purchase prices are much more sensitive to battery costs. “For this reason, #Bloomberg New Energy Finance’s (BNEF) recent outlook for HDV battery packs marks a pivotal shift, indicating #batteryelectric HDV (BEHDVs) are expected to reach price parity with their diesel counterparts sooner than previously anticipated,” says the report. To get a sense of the size of batteries needed, the #Volvo FH Electric prime mover, the first which sold in #Australia this week, has a 540 kWh battery pack and a range of 300 km. In its price parity forecast last year, Energy Innovation predicted battery costs would be around $US123 per kWh by 2030. However, because of rapidly declining battery production raw material costs, they’ve now updated their forecast to $US85 per kWh, representing a 31 per cent reduction. Energy Innovation says the reduced prices means price parity for some truck types has been brought forward. “Results reveal that the updated forecast significantly advances the crossover threshold for when BEHDV prices are expected to fall below those of equivalent diesel trucks. A negative result, i.e., a difference in cost less than zero, means that a BEHDV is expected to cost less than the diesel equivalent.” The research suggests that class 8 rigid trucks and short-hall tractor trucks (prime movers) could now hit price purchase parity with their diesel equivalents by 2030. “Consider short-haul tractor trucks as an example of how the updated battery forecast affects vehicle costs. Businesses use short-haul tractor trucks—shown in Figure ES-3—for urban and regional freight delivery,” it says. ‘These vehicles typically return to a home base at night, enabling the convenience of overnight re-charging and avoiding the much larger capacity battery pack requirements of long-haul tractor trucks.” Purchase price parity coming but electric trucks already much cheaper to run While purchase price parity hasn’t been reached in some categories, the economics of electric trucking already destroys their diesel counterparts if you include fuel costs. Like electric passenger vehicles, electric trucks come with significantly lower running costs than diesel-powered vehicles. According to Tesla, its fully electric semi-truck uses just 2kWh per mile (1.25 kWh per km) while fully loaded with 82,000 pounds (37 tonnes). According to Tesla: “Charging with electricity is approximately 2.5 times cheaper per mile than refuelling with diesel. Operators can see estimated fuel savings of up to $US200,000 within their first three years of ownership.”
Electric trucks to hit price parity with diesel faster than expected, thanks to plunging battery costs
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That’s according to Cresencio Celaya, leader of transportation strategy and planning at Arizona Public Service Company (APS). Headquartered in Phoenix, APS provides energy to approximately 1.4 million homes and businesses in 11 Arizona counties. “Our transportation fleet’s conversion to more fuel-efficient vehicles and electrification is driven by monitoring and evaluating options,” Celaya said. “Once vehicles and equipment that can meet our different operational needs are commercially available, we compare their projected total cost of ownership to traditional internal combustion engine-powered units.” For example, among the factors that are considered for electric vehicles at APS are fuel consumption on a per-gallon equivalent basis, available rebates for EV adoption and upfitting and maintenance costs. For most vehicles, Celaya related, the analyses are based on a projected ten-year lifecycle. State of Arizona Arizona Public Service - APS #ESG #EV https://lnkd.in/gCetfW_c Blog – EV – Milton Hydo and EV Fleet - https://lnkd.in/gNJNaiEm
Fleet Profile: Arizona Public Service looks to lower cost, emissions
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An article about Electric vehicle Electric vehicles (EVs) are revolutionizing the automotive industry, marking a crucial step toward a greener and more sustainable future. Unlike traditional vehicles relying on fossil fuels, EVs are powered by electricity stored in advanced battery systems. This paradigm shift is fueled by the imperative to combat climate change and reduce the environmental impact of transportation. One of the key advantages of electric vehicles lies in their ability to produce zero tailpipe emissions, contributing significantly to air quality improvement, especially in densely populated urban areas.The environmental benefits extend beyond zero emissions, as the adoption of EVs aligns with the global transition to renewable energy sources. As more electricity comes from clean and renewable sources like solar and wind, the overall carbon footprint of electric vehicles continues to decrease, enhancing their eco-friendly credentials. Governments worldwide recognize the pivotal role of EVs in mitigating climate change and are implementing incentives, subsidies, and infrastructure development to encourage their widespread adoption.Beyond environmental considerations, electric vehicles offer economic advantages. While the initial purchase cost may be higher, EV owners typically enjoy lower operating costs due to reduced maintenance requirements and lower electricity prices compared to gasoline. Advances in battery technology are steadily extending the driving range of EVs, addressing the "range anxiety" concern and making them a practical choice for an increasing number of consumers.The electric vehicle market is witnessing a surge in innovation and competition, driving continuous improvements in technology and design. Established automakers and new entrants alike are investing heavily in research and development, pushing the boundaries of battery efficiency, charging infrastructure, and vehicle performance.In conclusion, electric vehicles represent a pivotal force in reshaping the automotive landscape and steering it towards sustainability. As technology advances and awareness grows, the electric vehicle market is poised for further expansion, offering a cleaner, greener, and economically viable alternative to traditional combustion-engine vehicles. The electric revolution is not just a trend; it's a transformative journey towards a more environmentally conscious and sustainable transportation future. #snsinstitutions #snsdesignthinkers
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