Cutting the Total Cost of Electrification for EV Bus and Truck Fleets
By Jeff St. John
Electric trucks and buses may be approaching cost parity with their fossil-fueled counterparts, and they’re certainly cheaper to fuel over the long run — and that’s not counting their carbon and pollution emissions benefits.
But that’s just a slice of the costs of switching bus and truck fleets from fossil fuels to batteries. Unexpected costs and bottlenecks in charging infrastructure, fleet operations and maintenance, and permitting and financing weigh on cities and states mandating electric bus fleets, or private companies with large-scale delivery truck electrification goals.
Solving for this “total cost of electrification” equation will be a critical step in pushing EV trucks and buses from the margins to the mainstream in the coming decade, according to a report released Wednesday by Environmental Defense Fund, MJ Bradley and Vivid Economics.
“We’re seeing the technology increasingly ready, and capital increasingly eager to invest in sustainability” via fleet electrification, Andy Darrell, EDF’s chief of global energy and finance strategy, said in an interview. “And yet the deployment, especially in the medium and heavy-duty sector, might not be moving as quickly as we’d like to achieve big climate goals.”
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