Navigant Research Report Highlights Nascent Market for Electric Trucks for Long-Haul Freight Applications
Electric long-haul solutions must net a convenience advantage over diesel and other alternative fuels to achieve market penetration
BOULDER, Colo.–(BUSINESS WIRE)–lt;a href="https://twitter.com/hashtag/AlternativeFuels?src=hash" target="_blank"gt;#AlternativeFuelslt;/agt;–A new report from Navigant Research analyzes the current state of the electric heavy duty (eHD) long-haul truck market.
Electrification has been moving swiftly through the commercial vehicle market. Established suppliers and manufacturers, in addition to startups, are already commercializing medium and heavy duty electric trucks and are working toward solutions for long-haul freight applications. Click to tweet: According to a new report from @NavigantRSRCH, while the development of eHD trucks for long-haul freight applications is still relatively nascent, several companies are looking to be the first to break through.
“Many factors are driving the electrification of long-haul HD trucks, including efforts around the globe to reduce carbon emissions as well as the opportunity for fleet owners to expand their margin with lower operating costs,” says William Drier, research analyst with Navigant Research. “While market players are working to design e-trucks and the charging infrastructure systems needed to support long-haul vehicles, long-haul is a very demanding application and poses many significant challenges to electrification, primarily a comprehensive recharging network.”
According to the report, electric long-haul solutions must net a convenience advantage over diesel and other alternative fuels. To advance the market, Navigant Research recommends manufacturers partner with infrastructure developers or charging point operators as infrastructure solutions are developed. The industry should also work to identify and pursue cost-sharing strategies to build out a comprehensive charging network capable of supporting long-haul e-trucks.
The report, Electrifying HD Trucks for Long-Haul Freight, analyzes the current state of the eHD long-haul truck market. It provides an overview of the new and established key players operating in the market. The report also explores the potential opportunities for growth and the barriers to adoption of eHD trucks. Additionally, the report examines how existing market alternatives to electrification may influence the future of the market. Recommendations are also provided on how suppliers and manufacturers can take advantage of any coming market disruptions. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of clean, intelligent, mobile, and distributed energy. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Electrifying HD Trucks for Long-Haul Freight, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.
This article published with permission from Business Wire