A $1 trillion investment is NEEDED for electric truck charging?? That is a CRAZY good deal!! This trick is as old as dirty oil and engine money: pay a research house gob loads of money to provide evidence for your position - even if it is outrageous. That's exactly what the (not so) Clean Freight Coalition is doing. They say that it will cost $1 trillion for the US to electrify all trucks on the road, or $145,000 for each truck. That consists of $620 billion for charging infrastructure and $370 billion for grid upgrades. (How remarkable is it that it magically adds up to a trillion?) While that might sound horrifying, understand that they're trying to take an alarmist position to scare people. Yet, a quick bit of back of the napkin math shows that the not so Clean fellas have made a large tactical error. How so? Diesel trucks are ridiculously expensive to fuel. Lets add it up: The US uses 3.77 million barrels of diesel per DAY, which multipled out at $4/gallon gives you $231 billion a year. So, $1 trillion is just over 4 years of diesel used in the US. While trucks aren't the only consumer of diesel, they make up a very large proportion. So, spending $1 trillion to invest in electric truck infrastructure appears to be a VERY smart decision. Another way to look at it is this: a diesel truck doing a lot of miles can easily use $600,000 to $700,000 of fuel over 10 years / 1 million miles. A $145,000 investment in charging and grid infrastructure per truck is a bargain!!! However, consider the lobbying source and you realize the $1 trillion number could be VERY Inflated. The US and world's #1 selling truck OEM, Daimler Truck AG has said that charging infrastructure to electrify every truck in the US will cost $66 billion (plus grid upgrades) - one tenth of the Dirty Freight Coalition's estimate. So, if it's very worthwhile to install truck charging and upgrade the grid for every truck at $1 trillion, it's an absolute "no brainer" at one tenth the cost. Here at Vision Mobility we work with one of the leaders in electric truck charging, WattEV, Inc. By the end of this month they will have 6 truck charging stops open, and another 7 in the works. Public truck charging is happening and it's happening quickly. Do you agree that truck charging infrastructure and grid upgrades is an outstanding investment? Let me know your thoughts in the comments below #automotive #batteries #climatechange #electricvehicles #innovation #sustainability #cleanenergy #renewableenergy #Freight #logistics More here: https://lnkd.in/g3ceNdNU And here https://lnkd.in/gM9DDJQJ
John Weaver
3mo
if the truckers are going to be sitting that long for charging, you will need to pay them more, because they tend to spend most of their money in their 'down time'
Geoffrey P.
3mo
You forgot to mention EV trucks cost 250pct more than diesel trucks, carry less cargo due to the 9,000 pound battery,, and have 25pct of the range, diesel truck can be fueled in 15 minutes, not 2.0+ hours to charge, trucking costs set to explode…a national charging system is needed, 6,500,000 depot chargers and 175,000 roadside chargers, requiring 15,000 monthly installations for 7 years
Damian Hoult
3mo
You mention that a diesel truck can rack up $600k - $700k fuel costs a year (would be interesting to know what he average is). Outside of building truck charging infrastructure and upgrading grids, where is the material increase in energy required coming from (source and capacity) and what will be the annual cost to charge the average electric truck?
Just a minor point: $ 620 billion + $ 370 billion ≠ 'magical' $ 1 Trillion However, if you insist, please, transfer the minor difference to my bank account. Thank you!
Mike Edmiston
3mo
Governments and US cannot afford it . Someone will pick up the cost , not the taxpayers . No more taxpayer funding of climate , EV , wind or solar. The debt is far to much .
David Blume OBE
3mo
Pumpjacks are powered by electricity and their consumption is 9,960kWh a month (the US only) – just one pump jack. In the US there are 435,000 oil wells using pump jacks. These consume 4,300GWh a month. (Thx Google!). As diesel demand falls, so the pumpjacks won’t be needed, the wasted electricity goes to the grid and to truck charging, remembering that the pumpjack energy demand is maybe 70% wasted by the time it reaches the road under a diesel truck’s wheels, there’s 3 times the needed energy nodding its head in a field somewhere!
Thomas Grand
3mo
The (not so) Clean Freight Coalition failed to mention that 2/3 of the diesel fuelling the trucks is converted as heat and losses. See the grey elephant in the room of the chart below? ⬇ Electric trucks have a better well-to-wheel efficiency than diesel ones, even if mainly charged from fossil power plants. And the good news is that almost no grid is 100% fossil-fuelled.
Chris Shimoda
3mo
James, Daimler has not said electrifying every truck in the US will cost $66 billion. I responded to another post claiming the same thing with the observations below. 1. Daimler's analysis stops in 2032 at a population of 1.425m LHD/MHD/HHD/Tractors (Class 2b-8). CFC analysis is for 7.9m Class 3-8. 2. Looking at CA, Daimler's analysis assumes larger deployments of smaller class vehicles which can utilize lower cost L2 charging. Cost per charger would increase in outer years as you incorporate more and higher speed DC fast charging (see: Daimler's Table 11). Anybody who disagrees with the RB study is free to put their own analyses out there. Saying CAISO will need to add less than 2GW for full conversion is not at all outlandish since CEC's own forecasts say it's nearly a GW for port drayage alone. Imagine what the numbers look like with ubiquitous 3.5MW charging as you're suggesting in other posts.
Strategist, Futurist, Leader, Influencer - Principal Consultant at Vision Mobility
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