Patrick R.’s Post

Hi EV addicts, the U.S. is intensifying efforts to expand battery production capacity, particularly for medium- and heavy-duty (MHD) commercial vehicles, in line with its commitment to a cleaner transportation sector. This initiative supports the burgeoning demand for zero-emission trucks (ZETs), crucial for reducing greenhouse gas emissions. >> The push for electrification in the trucking sector has led to over 17,500 ZETs being deployed nationwide. This increase is primarily in the cargo van segment, propelled by state-level regulations and incentives such as the Advanced Clean Trucks (ACT) rule. >> However, a significant challenge remains: the cost and availability of batteries, which form a substantial portion of an electric truck's cost. Despite a 90% decrease in lithium-ion battery pack prices over the past 15 years, the commercial sector still faces higher costs due to lower production volumes. >> Addressing this, major investments are underway in the U.S. to enhance battery production for commercial vehicles. Notable developments include a joint venture by industry leaders Accelera by Cummins, Daimler Truck, and PACCAR, planning a 21 gigawatt-hour factory, with investments reaching up to $3 billion. >> Government initiatives are bolstering these efforts. The Advanced Manufacturing Production Credit (45X), part of the IRA, offers significant subsidies for U.S. battery production. This is expected to catalyse further investment, job creation, particularly in the "Battery Belt," and enhance the supply chain for electric trucks. >> These advancements underscore a pivotal shift in the U.S. automotive industry towards sustainable transportation. Dedicated battery production for MHD vehicles is key to meeting the growing demand for ZETs and aligns with broader environmental goals. Source: Zeroing in on zero-emission trucks | Calstart Get 'FREE OF CHARGE' access to this and more than 650 other valuable EV Market Reports, and monitor 704.921 European Charge Points via www.EVMarketsReports.com , the world's largest e-Mobility Reports and Outlooks database. Enjoy reading! #evbatteries #etrucks #electrictrucks

Hi EV addicts, the commercial vehicle industry in the United States is about to undergo a drastic transition, owing to investments in battery production capacity to service the developing zero-emission truck (ZET) market, according to CALSTART. With lithium-ion batteries accounting for a significant amount of the cost of battery electric trucks (BETs), initiatives to improve the battery supply chain are crucial for lowering costs and maintaining scalability of ZET manufacturing. >> The commercial vehicle sector currently grapples with higher battery pack costs compared to their passenger vehicle counterparts—45 percent higher, to be precise—mainly due to lower production volumes. In a bid to tackle this challenge, noteworthy efforts such as the joint venture between Accelera by Cummins, Daimler Truck, and PACCAR, planning a $2–3 billion investment in a 21 gigawatt-hour factory, have emerged. >> Furthermore, the Volvo Group's strategic acquisition of Proterra Powered's battery business illustrates the industry's commitment to boosting domestic battery production capabilities for commercial vehicles. >> This industry momentum is complemented by the U.S. government's Advanced Manufacturing Production Credit (45X), offering significant incentives for the production of battery cells and modules. This initiative, alongside the Department of Energy's $3.5 billion investment in domestic battery manufacturing targeting the commercial vehicle market, reflects a concerted effort to support the sector's shift to zero-emission solutions. >> Despite commercial vehicles currently having limited access to the burgeoning battery cell manufacturing capacity, these strategic investments are poised to substantially enhance production capabilities, lower battery costs, and foster industry growth. >>With the anticipated creation of over 140,000 jobs in battery and electric vehicle manufacturing, these developments mark a pivotal advancement for the U.S. commercial vehicle sector towards a sustainable, zero-emission future as outlined by the insights from CALSTART. Source: Zeroing in on Zero-Emission Trucks: the state of the U.S. market " by CALSTART Get access to this and more than 650 other valuable EV Market Reports, and monitor 704.921 European Charge Points via www.EVMarketsReports.com , the world's largest e-Mobility Reports and Outlooks database. Enjoy reading! #electrictrucks #etrucks #truckingindustry

The 2024 Truck Study by Strategy& highlights the growing momentum of battery-electric trucks (BETs) in the global market. Regulatory pressure, technological advancements, and a shift toward greener logistics are driving this transformation, with BETs poised to play a central role in the future of transportation. >> Stricter emissions regulations, particularly in the European Union, are a major factor pushing the adoption of BETs. The EU mandates a 45% reduction in fleet emissions by 2030 and a 90% cut by 2040. In response, original equipment manufacturers (OEMs) have introduced early generations of BETs, initially built on passenger car platforms. However, as the market evolves, more specialized truck platforms will be needed to cater to various use cases, such as long-haul freight and urban delivery. >> The study emphasises that technological advancements will be key to the success of BETs. Three areas will be critical: improving battery range, reducing costs, and increasing charging speeds. Battery costs, particularly with lithium iron phosphate (LFP) technology, remain a significant factor, but continued innovation is expected to lower the total cost of ownership (TCO) for BETs over time. By 2030, battery demand for trucks is projected to surpass 400 GWh, rising to over 1,700 GWh by 2040. >> While the upfront cost of BETs is higher than traditional diesel trucks, the long-term TCO benefits are clear. Electric trucks offer lower energy and maintenance costs, making them a financially attractive option for high-mileage and payload-sensitive operations. By 2030, over 20% of transportation is expected to be electrified, with BETs taking a leading role in this transition. >> The future of trucking is electric, with BETs set to dominate the market by 2040. However, to achieve this, investments in charging infrastructure and new financing models will be essential. The next decade will be crucial in determining how quickly and effectively this shift unfolds. Source: Strategy& Get access to more than 850 other valuable EV Market Reports, and monitor 900.000 European Charge Points via www.EVMarketsReports.com, the world's largest e-Mobility Reports and Outlooks database. Enjoy reading! #electricvehicle  #electricvehicles #electrictrucks #etrucks #etruck

A thought-provoking article in today's The Times highlights the challenges facing the widespread adoption of electric trucks. While technology is advancing - spearheaded by brands such as Volvo Group, Scania Group, Daimler Truck AG and Iveco Group - the market still faces barriers such as high costs and limited charging infrastructure.   Our CEO, Matthew Lumsden, responds:   “Electric trucks hold huge potential for sustainability and efficiency in logistics, so it is disappointing that progress has been slower than anticipated. “To address the challenges around electric truck uptake and enhance their business case, a compelling solution lies in finding a second-life use for their batteries in energy storage systems. Although these batteries may no longer meet the high demands of truck propulsion, they can still provide substantial capacity for stationary applications.   “By repurposing eHGV batteries, we can extract greater residual value and reduce the total cost of ownership. This also extends their utility beyond transport – helping to provide an innovative solution to overcoming the energy demands of high powered charging, stabilising electricity grids and integrating renewable energy - thereby improving the overall economics for manufacturers and fleet operators and fostering a more sustainable energy ecosystem. “This residual value proposition will help reduce the cost differential between electric and diesel trucks, helping to improve the financial viability of fleet electrification.” #electricvehicles #electrictrucks #batteryenergystorage https://lnkd.in/e-8dQGbK

As the path forward with EVs continues to evolve, the automotive supply chain faces significant strain, particularly concerning the critical minerals for battery development. Despite federal efforts to localize mineral extraction, concerns about the carbon footprint of battery manufacturing and the viability of recycling programs persist. Learn more about the challenges and opportunities of EV battery manufacturing in the A&M April #Automotive Spotlight from Charles Moore, Jacob Cook and Brian Gudeman: https://okt.to/BqzW9D #AMon #Auto #EVs

The commercial trucking industry is evolving rapidly as manufacturers join forces to meet the rising demand for zero-emission trucks. According to a new BloombergNEF (BNEF) report, these partnerships are crucial in navigating the complexities of the transition to greener transport. >> Battery-electric trucks are leading the push for zero-emission commercial vehicles, making up over 90% of sales in the first half of 2024. This is largely due to improving battery technology and falling costs. Meanwhile, hydrogen fuel-cell trucks are seeing slower adoption outside of China, where government subsidies and infrastructure support their use. >> Truck manufacturers are forming new supply chain relationships to tackle challenges in the zero-emission market. Most European and North American truckmakers still purchase battery cells from suppliers like CATL, but assemble the packs themselves. Companies such as Volvo and Daimler are also planning to bring cell production in-house by the late 2020s to reduce reliance on external suppliers. In China, companies like SANY and XCMG benefit from a mature battery supply chain, allowing them to produce affordable electric trucks using lithium-iron phosphate (LFP) batteries. >> The report also highlights significant regional differences in adoption. China is the global leader in both battery and fuel-cell truck sales, while Europe is supported by stringent emissions standards and incentives, with manufacturers like Volvo taking the lead. The United States, however, lags behind due to limited model availability and high costs, although companies like Nikola are trying to make headway. >> Challenges remain, particularly high upfront costs and concerns over battery value. To address these, truckmakers are exploring new financing options like leasing and partnerships with energy providers to set up dedicated refueling stations. Battery recycling and second-life applications are also being used to manage costs more effectively. >> This shift presents opportunities for investors and truckmakers alike, as innovative financing models and partnerships help scale up the industry. As zero-emission technologies mature, today’s groundwork will shape the future of sustainable commercial transport. Source: BloombergNEF Get access to this and more than 850 other valuable EV Market Reports, and monitor 900.000 European Charge Points via www.EVMarketsReports.com , the world's largest e-Mobility Reports and Outlooks database. Enjoy reading! #electricvehicles #electricvehicle #trucks #etruck #etrucks

A few weeks ago, I spoke at ACT Expo on the topic of building the US #battery #supplychain, specifically as it relates to fleet vehicles. This joint venture between PACCAR, Accelera by Cummins, and Daimler Truck North America surfaced multiple times in the conversation, as it represents the first large-scale cell #manufacturing project for #EV #truck batteries in the US. And scale is everything in #electrification. This is a tremendously important project both for America's onshoring of #LFP manufacturing and increasing cost-competitiveness of #batteryelectric commercial vehicles. Total cost of ownership metrics are meaningful, but we ultimately must drive down the sticker price of new commercial BEVs to accelerate adoption. Reducing battery costs through manufacturing scale is the clearest near-term path to those affordability objectives. Other adoption challenges remain (particularly around infrastructure), but this is the sort of joint venture we need to address supply costs. #transportation #fleet #mobility #zeroemission #sustainability https://lnkd.in/emN7ZCxk

In six years, the European Union aims for electric trucks to constitute at least 50 percent of new truck purchases. Despite only 4,000 eTrucks being registered in 2022, it is projected that this figure will experience exponential growth by 2030, reaching an estimated 600,000 units. However, achieving this objective presents several challenges. As indicated by Daimler Truck, Traton Group, and Volvo, this forecast is based on insights from the Arthur D Little consultancy's study. Yet, despite significant sales increases in select countries in recent years, only one percent of fleets in the EU currently consist of zero-emission trucks. Some countries, like Italy, are still in the early stages of transitioning to electric trucks. For instance, Italy, with over 60 million inhabitants, saw a 323 percent increase in eTruck registrations in 2023 compared to the previous year. However, these figures represent only 0.3 percent of the nation's total heavy vehicle fleets, highlighting the relatively low adoption rate within the EU. One of the primary hurdles in advancing zero-emission heavy transport is associated with battery characteristics. Trucks are limited by the weight and space available for energy packs, as outlined in a report by market researcher IDTechEX. Although medium and heavy-duty vehicles constitute only ten percent of trucks on the road, they contribute significantly to sectoral greenhouse gas emissions. This underscores the importance of electric trucks in decarbonizing road freight transport. Consequently, the European Commission proposed an update to the EU's CO2 regulation for trucks and buses last year. This revision mandates that new units must reduce their carbon emissions by 90 percent by 2040. #CUEVASNEWS🆕

https://lnkd.in/ewY3NeNU Truck manufacturers are under immense pressure to cut emissions. But should they bet on batteries, hydrogen fuel cells or both? It appears that the battery electric trucks are the winner in this race. What is your iew? #batteryeletrictruck #hydrogenfuelcelltruck #trucks

🚚🔋 Electrifying the Road: The Rise of Heavy Electric Vehicles in North America As North America pushes forward with its sustainability goals, the transportation sector is witnessing a significant shift. The adoption of heavy electric vehicles (EVs), including buses and trucks, is gaining momentum. Here's an update on where things stand: Growing Market: The North American market for electric buses and trucks is projected to grow at a CAGR of 13% from 2021 to 2026. Increased regulatory support and incentives for electric transport are key drivers. Policy Support: Initiatives like California’s Advanced Clean Trucks regulation mandate a percentage of truck sales to be zero-emission vehicles by 2024. Such policies are pivotal in accelerating the adoption across the continent. Infrastructure Development: Investments in EV charging infrastructure are ramping up, with plans to expand high-power charging networks along major freight corridors to facilitate long-haul electric trucking. Leading Players: Companies like Tesla with its Semi, and traditional manufacturers like Volvo and Daimler are expanding their electric heavy vehicle offerings, indicating robust industry commitment. Challenges and Opportunities: While the transition faces challenges such as high initial costs and concerns over range, the long-term savings on fuel and maintenance, combined with environmental benefits, present compelling reasons for adoption. As heavy electric vehicles gain traction, their impact on reducing emissions in the transportation sector could be transformative. Insights by Marqstats | www.marqstats.com #ElectricVehicles #Sustainability #Transportation #HeavyEVs #Marqstats #CleanEnergy #NorthAmerica #GreenTransport #EcoFriendly #ZeroEmissions #CleanTech #EVAdoption #NorthAmericanMarket #SustainableTransport #FutureOfTransportation