Saving Money as Well as Environment – Electric Trucks are here to Stay

By Prodosh Kundu    17 May,2024

   In recent times, the transportation industry has seen a big shift towards innovation and sustainability. Environmental concerns have become a priority, and people have understood that reliance on fossil fuels has to be reduced.

A significant development has been the introduction of electric trucks, which have drawn the interest of common people now.

As understood, electric trucks are different from gasoline or diesel-powered trucks as they are powered by electricity. The biggest advantage is that they are an efficient alternative for transportation and are environmentally friendly.

Introduction to Electric Trucks:

Climate change all over the world has become one of the biggest challenges for mankind. Air pollution was and is continuously on the rise, leading to health concerns that need to be controlled immediately.

Electric trucks were introduced as a response to these challenges, as they are a cleaner and more sustainable solution.

Quite popular ever since their introduction, electric trucks are a pivotal step towards achieving environmental goals. They are reducing carbon emissions and improving the quality of the air significantly.

How are these trucks different?

People often wonder how electric trucks are different; the main difference lies in their propulsion system. Traditional trucks depend on their internal combustion engines, which need gasoline or diesel.

Electric trucks use electric motors, which work on rechargeable batteries. This is the primary difference between traditional and electric trucks.

That’s not all; electric trucks make less sound, which means less noise pollution. They are energy efficient and also need less maintenance. Electric trucks help save money because their operating costs are a lot lower.

With the advancement of technology and the further development of infrastructure, it is expected that electric trucks will play a major role in changing the future of freight transportation. A greener future awaits us!

The Increasing Popularity of Electric Trucks in the US: Cost Savings a Major Factor

Reports suggest that the U.S. electric truck market will generate USD 730.6 million in revenue in 2024. This is expected to rise further and might even reach close to USD 15143.4 million by 2030.

One of the primary reasons for such expansion is the introduction of several government measures that promote e-mobility.

That’s not all, considering the impact on the environment; the government has introduced stringent emission standards on vehicles that are fossil-fueled.

Low upkeep and operating costs are driving growth.

Fuel-based trucks have higher maintenance costs when compared to electric trucks. These electric trucks have lower operating costs; they have to cover costs related to fuel filters, spark plugs, or even the replacement of oils on a regular basis.

This results in a lot of savings in the general component cost. As they need fewer maintenance costs, their vehicle uptime is significantly higher, which is an advantage for fleet owners.

Electric trucks work on a regenerative braking system. This helps reduce the regular wear and tear on the brakes. The cost of fuel, along with the maintenance and repair costs, is usually 35% of the total operating cost of traditional diesel trucks.

This is one of the many reasons why fleet owners are now considering replacing traditional trucks with electric trucks.

Battery Costs Declining:

One of the main components of an electric truck is its battery pack. The cost of batteries is a significant factor when considering drivetrain cost. It also influences the selling price of the electric vehicle.

The battery pack includes components like electrochemical cells in a casing. This is integrated with the battery management system. The price of this pack is generally determined by the chemicals used in these cells.

Electric trucks use batteries that are quite similar to the ones that people use in electric cars. In the past, there have been immense technological advancements; as a result, the prices of batteries have fallen drastically.

Besides that, the battery manufacturing industry is now growing a lot faster than the demand for batteries. This has resulted in a reduction in the price of batteries overall these years, and it is expected to further reduce in the near future.

All the above factors have significantly contributed to the rise of electric trucks and their growth.

The Environmental Benefits of Electric Trucks

One of the primary reasons for the introduction of electric trucks is their environmental benefits.

Reduction in Greenhouse Gas Emissions Electric trucks displace fossil fuel consumption as they use electricity. They help in reducing climate change as they significantly reduce carbon dioxide emissions from transportation.

Zero-Tailpipe Emissions When operated, these electric pipes cause zero tailpipe emissions, which contribute significantly to improving the quality of the air.

It means that harmful chemicals like nitrogen oxides or volatile compounds are not introduced into the air. This becomes critical in urban areas where the level of pollution is high.

 This high pollution level is one of the biggest reasons for respiratory problems and other health issues.

Energy Efficient: These trucks are more energy efficient. They can easily convert energy from the battery to useful work. This means less energy consumption per mile.

This helps reduce overall energy consumption. It also helps reduce the dependency on fossil fuel resources.

Lesser Noise: Traditional vehicles usually emit a lot of sound, which leads to sound pollution. Electric trucks are a lot quieter, especially when they travel at lower speeds.

Thus, as they make less noise, they can help improve the quality of life of those who are living nearby. Thus, electric trucks help reduce the negative impact of noise on the health of individuals.

Lesser Dependence on Petroleum: With the introduction of electric trucks, there has been a lesser dependence on petroleum as electricity is the primary source. These trucks have reduced the sector’s dependence on petroleum to a large extent.

As more and more electric trucks move around in an area, it helps improve the air quality and reduce harmful pollutants. These harmful pollutants are unusually high in areas of high traffic congestion.

Undoubtedly, electric trucks and other electric vehicles are here to stay and will bring a significant change to the sector.

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