{"id":68173,"date":"2024-05-17T19:17:08","date_gmt":"2024-05-18T00:17:08","guid":{"rendered":"https:\/\/olduvai.ca\/?p=68173"},"modified":"2024-05-17T19:17:08","modified_gmt":"2024-05-18T00:17:08","slug":"the-economics-just-dont-work-demand-for-electric-semis-plunges-due-to-high-costs","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=68173","title":{"rendered":"“The Economics Just Don’t Work”: Demand For Electric Semis Plunges Due To High Costs"},"content":{"rendered":"
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“The Economics Just Don’t Work”: Demand For Electric Semis Plunges Due To High Costs<\/a><\/h3>\n<\/header>\n
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For the last year, we’ve been writing extensively about how high costs and low demand have made EVs uneconomical – and, as a result, unpopular to produce – for the auto industry.<\/p>\n

It turns out unionized employees extorting you on labor costs while the government mandates you produce a money-losing product isn’t a combination that leads to prosperity and profit. Go figure.<\/p>\n

Now, it isn’t just\u00a0car\u00a0<\/em>manufacturers\u00a0<\/em>that are balking from the idea of all electric vehicles: the trucking industry, once expected to eventually make the shift to all electric as well, is seeing tepid demand for new rigs,\u00a0according to a new Wall Street Journal article<\/a>.<\/p>\n

\u201cThe economics just don\u2019t work for most companies,\u201d\u00a0Robert Sanchez, the chief executive of Ryder, said earlier this month.<\/p>\n

Ryder\u2019s experience highlights the difficulties state and federal governments encounter in encouraging truckers to transition from polluting diesel rigs to zero-emissions vehicles, the report says.<\/p>\n

It also indicates that significant improvements in battery weight, range, and charging times are necessary for battery-electric trucks to effectively compete with diesel rigs in the cost-sensitive freight industry.<\/p>\n

Rakesh Aneja, head of eMobility at Daimler Truck North America, told\u00a0Wall Street Journal:\u00a0<\/em>\u201cQuite frankly, demand has not been as strong as what we would like.\u201d<\/p>\n

Aneja said orders for its\u00a0Freightliner eCascadia battery-electric semi truck are about the same this year as they were in 2023.<\/p>\n

Battery-electric trucks are about three times more expensive than diesel rigs, the\u00a0Journal\u00a0<\/em>notes. And while federal and state programs help offset purchase costs, significant hurdles remain due to high operating costs and setup challenges.<\/p>\n

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Truckers find these electric trucks difficult and costly to run, with installation of on-site charging facilities taking years. These trucks travel less than half the distance of diesel rigs per charge and require several hours to recharge.<\/p>\n

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

“The Economics Just Don’t Work”: Demand For Electric Semis Plunges Due To High Costs For the last year, we’ve been writing extensively about how high costs and low demand have made EVs uneconomical – and, as a result, unpopular to produce – for the auto industry. It turns out unionized employees extorting you on labor […]<\/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":[34587,13275,16000,4318],"class_list":["post-68173","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","category-environment","tag-electric-semis","tag-electric-vehicles","tag-evs","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/68173","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=68173"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/68173\/revisions"}],"predecessor-version":[{"id":68174,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/68173\/revisions\/68174"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=68173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=68173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=68173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}