{"id":68059,"date":"2024-05-14T14:50:59","date_gmt":"2024-05-14T19:50:59","guid":{"rendered":"https:\/\/olduvai.ca\/?p=68059"},"modified":"2024-12-26T15:23:47","modified_gmt":"2024-12-26T20:23:47","slug":"transitioning-fleet-trucks-to-electric-raises-costs-by-up-to-114-percent-report-warns-mandating-ev-trucks-in-todays-market-leads-to-even-more-supply-chain-disruptions-said","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=68059","title":{"rendered":"Transitioning Fleet Trucks to Electric Raises Costs by up to 114 Percent, Report Warns"},"content":{"rendered":"

Transitioning Fleet Trucks to Electric Raises Costs by up to 114 Percent, Report Warns<\/a><\/h3>\n
Mandating EV trucks in today\u2019s market leads to even \u2018more supply chain disruptions,\u2019 said an industry expert.<\/strong><\/div>\n
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Transitioning conventional truck fleets to electric vehicles (EVs) pushes up annual operational costs, which subsequently increases economic inflation, according to a recent report from transportation and logistics firm Ryder.<\/p>\n

Florida-based Ryder analyzed the potential cost of transportation if internal combustion engine trucks are converted to EVs. There is a 5 percent cost increase for light-duty EVs and a 94\u2013114 percent increase for heavy-duty trucks, the May 8 report<\/a> states. For a fleet of 25 mixed vehicles\u2014light-, medium-, and heavy-duty trucks\u2014costs surge by 56\u201367 percent.<\/div>\n

As transportation costs have a direct bearing on the price of goods sold in markets across the country, Ryder estimates such increases to eventually add about 0.5\u20131 percent to overall price inflation in the economy.<\/p>\n

\u201cThere are specific applications where EV adoption makes sense today, but the use cases are still limited. Yet we\u2019re facing regulations aimed at accelerating broader EV adoption when the technology and infrastructure are still developing,\u201d said Karen Jones, executive vice president and head of new product development for Ryder.<\/p>\n

\u201cUntil the gap in TCT [total cost to transport] for heavier duty vehicles is narrowed or closed, we cannot expect many companies to make the transition; and, if required to convert in today\u2019s market, we face more supply chain disruptions, transportation cost increases, and additional inflationary pressure.\u201d<\/p>\n

In California, the annual TCT increase for a heavy-duty EV tractor was approximately $315,000, with the number rising to more than $330,000 in Georgia. In both cases, equipment costs were the biggest contributor to the increase, rising by 500 percent.<\/p>\n

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Ryder noted there were 16.4 million Class 3 to Class 8 commercial vehicles in operation in the United States, out of which only an estimated 18,000 EVs have been deployed.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Transitioning Fleet Trucks to Electric Raises Costs by up to 114 Percent, Report Warns Mandating EV trucks in today\u2019s market leads to even \u2018more supply chain disruptions,\u2019 said an industry expert. Transitioning conventional truck fleets to electric vehicles (EVs) pushes up annual operational costs, which subsequently increases economic inflation, according to a recent report from […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3,4],"tags":[34491,33636,16350,18917,34554],"class_list":["post-68059","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","category-environment","tag-evs-electric-vehicles","tag-naveen-athrappully","tag-the-epoch-times","tag-transportation-costs","tag-truck-fleet"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/68059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=68059"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/68059\/revisions"}],"predecessor-version":[{"id":69016,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/68059\/revisions\/69016"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=68059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=68059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=68059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}