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https://thedriven.io/2024/09/19/electric-truck-market-to-reach-tipping-point-by-2030-new-report-finds/>
"Electrification of the global transport industry will shape the next phase of
the eMobility revolution, with 20 per cent of all trucks and buses around the
globe expected to be battery electric by 2030.
These are the high-level conclusions from a new analysis published by
Strategy&, the global strategy consultancy of global accounting firm PwC, which
analyses the global truck market’s shift toward electrification.
Strategy& predicts that one in five buses and trucks around the world will be
battery electric by the end of this decade, with 90 per cent of all transport
to be electrified by 2040.
In real numbers, Strategy& expects production volume for North America, Europe,
and “Greater China” (referring to Mainland China as well as its claimed
regions) to be around 600,000 battery electric trucks (BETs) in 2030,
escalating quickly to 2.7 million by 2040.
According to Strategy&, regulatory mandates – such as those in the European
Union requiring truck OEMs to reduce new fleet emissions by 45 per cent by 2030
and 90 per cent by 2040 – are helping to drive the transport sector’s
electrification transition.
Similar mandates are being considered in the United States and China and, like
the EU, are planned to become steadily stricter from 2030 onwards.
Moreover, even though there are fewer trucks on the road than cars overall,
Strategy& finds that an electrified truck saves on average more than 20-times
as much CO2 as an electrically powered car.
Alongside the impact of regulatory restrictions, advances in electric truck
technology and better battery chemistries will continue to evolve, opening the
door to more use cases, leading to more opportunities to electrify.
Initial BET generations have been limited by technology and cost, but OEMs are
quickly developing newer generations of electric trucks with increased range
and reduced costs."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
