cover image: Total cost of ownership parity between battery electric trucks and

20.500.12592/5gf021z

Total cost of ownership parity between battery electric trucks and

14 Aug 2024

With the declining battery costs, by 2040, the upfront cost of the BETs is between 1.2 and 1.4 times the cost of diesel counterparts for the 12-, 16-, and 28-tonne trucks and double the cost for the 42-tonne truck. [...] With declines in the cost of the battery, motor, and power electronics over time, the upfront cost of the BET falls between 2023 and 2040 by 55% for the 12-tonne truck, 54% for the 16-tonne truck, 63% for the 28-tonne truck, and 62% for the 42-tonne truck. [...] We estimate the charging cycles required for the distances traveled in the use cases according to the designed EV ranges of each BET considered to arrive at the depreciated value of the batteries at the end of the first ownership period (i.e., the seventh year). [...] The cumulative impact of these policies makes the TCO of the BET lower than the TCO of the diesel truck by 24% for the 12-tonne truck, 28% for the 16-tonne truck, and 11% for the 28-tonne truck. [...] The upfront cost of simulated BETs in MY 2023 is about 4–6 times the cost of equivalent diesel models; in 2030, the upfront cost of the BETs is projected to be 2–3 times the cost of diesel trucks; by MY 2040, this ratio would further reduce to 1.2–1.4 for the 12-tonne, 16-tonne, and 28-tonne trucks, and 2 times for the 42-tonne truck.
Pages
58
Published in
United States of America

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