Wall Street Journal: Companies are Balking at the High Cost of Running Electric Trucks.
6 hours ago Charles Rotter 20 Comments
The Wall Street Journal recently published an incisive analysis regarding the economic and operational challenges of adopting electric trucks in the logistics sector. The report, based on a study by Ryder Systems, casts doubt on the prevailing enthusiasm for zero-emission vehicles in the freight industry and presents a detailed critique of the assumptions underpinning this shift.
Evaluating the Economic Feasibility
Electric trucks, especially the heavier models, present a substantial economic challenge compared to traditional diesel vehicles. Robert Sanchez, CEO of Ryder, highlights a significant disparity in the cost-effectiveness of these vehicles: “The economics just don’t work for most companies”. This statement reflects the broader industry reluctance to invest in electric trucks, which, despite their potential environmental benefits, fail to offer a viable economic case under current conditions.
The WSJ article points out that even with the promise of cleaner operations, the actual numbers tell a different story:
“As trucks get heavier the difference in operating costs between battery-electric vehicles and diesel trucks grows more pronounced,”
https://www.wsj.com/articles/companies-are-balking-at-the-high-costs-of-running-electric-trucks-fed0ce6e?st=p91nhgi60eufetg&reflink=desktopwebshare_permalinkhttps://wattsupwiththat.com/2024/05/08/reassessing-electric-trucks-insights-from-a-wall-street-journal-report-on-economic-and-practical-limitations/
