By the end of the decade, the cost of buying and operating electric trucks could equal — or even beat — the price of comparable diesel vehicles, new research shows.
But to help make that happen state and federal officials need to keep in place policies that are designed to foster the electric transition, says Energy Innovation and the International Council on Clean Transportation, the two groups that wrote the report.
At the moment, the U.S. electric truck market is an anomaly compared with the rest of the world.
Companies are investing more in battery manufacturing in the United States than in China or Europe — and battery costs are declining. Yet the cost of electric trucks remains higher in the U.S. than abroad, in part because few companies make those vehicles.
