A study released Today claims that it will take a staggering amount of money to build and power the infrastructure to fully electrify the U.S. trucking fleet.
On March 19, the Clean Freight Coalition (CFC) released the results of a study looking at the realistic cost of infrastructure buildout for the electrification of medium- and heavy-duty commercial vehicles.
According to the CFC, a complete transition to electric vehicles would cost the U.S. trucking industry upwards of $620 billion in charging infrastructure alone, including chargers, site infrastructure and electric service upgrades.
Additionally, U.S. utility companies would be required to spend $370 billion to upgrade their grid networks to meet the demands of just commercial vehicles, bringing the total cost to almost $1 trillion.
The CFC notes that the $1 trillion price tag does not include the cost of replacing diesel trucks with battery-powered electric big rigs, which “can be two to three times more expensive than their diesel-powered equivalents.”
The study notes that the path towards electrification for medium-duty vehicle will be much less burdensome than for heavy-duty trucks.
The full study can be found here.
