Electric vehicles are expected to make up as much as half of the world’s fleet by 2030.
Yet as the industry continues to evolve, a new generation of electric trucks has emerged that are poised to change the face of freight.
The article Electric truckers: A new generation electric fleet will be needed to compete with diesel trucks by 2030, a leading electric vehicle research firm has predicted.
The Future of Transportation 2025 report, commissioned by global trucking group, Eureka Energy, suggests that by 2030 electric vehicles will comprise as much or more than half of all trucks on the road.
The report predicts that by 2025 the global market for electric trucks will be worth $3.5 trillion, or around $150 billion per year.
Truck fleets are already seeing the effects of the shift.
In a study released earlier this year, Euler Hermes Automotive found that the share of the global passenger car market that is electric by 2020 has dropped from 37% to 29%.
The Euler report says electric trucks and plug-in hybrids will provide a key part of this transition.
They can be used to deliver both goods and people from point A to point B in a timely and efficient manner, reducing trucking time and reducing fuel consumption.
A fleet of electric vehicles that are built to be efficient and efficient at low to medium speeds can also improve safety, reduce CO2 emissions and provide a greener way to transport people.
In the case of electric freight trucks, electric vehicle range is expected to be up to 60,000 kilometres, which is a significant increase over current standards.
Electric trucks are also being built for a number of different markets, from low-cost to high-end.
Euler predicts that there will be more than 80 electric trucks in the US market by 2025, up from about 20 in 2019.
There are many factors driving this shift, including rising freight volumes and the advent of autonomous trucks, as well as technological advancements.
Electric trucks are expected a critical part of the transition to the new standard of sustainable transportation.
As the report says, electric trucks can reduce the amount of time it takes to deliver goods by up to 50% and can also reduce fuel consumption by up 10%.
Electric vehicles can also be more environmentally friendly, according to the report.
They use less electricity than diesel trucks and can run on renewable power sources such as solar panels.
In the case on the US side of the equation, the report predicts the use of electric power by electric trucks is expected increase by 35% by 2025.
In 2019, the U.S. exported 2.3 billion tons of goods and services to the world, according the International Trade Administration.
By 2025, the Euler Energy report says that the U of T study predicts electric trucks are estimated to generate more than 5.7 million jobs, with the combined total employment in the U, Canada, and Europe up to 4.5 million people.
This report is the result of an extensive and collaborative study undertaken by Euler, with input from a wide range of stakeholders.
The report is part of a larger project that examines the role of electric transport in the future of the transportation industry and the impact of a shift in the freight industry.
Eurekasy has been working with Euler since 2007, focusing on electric freight mobility.