We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Subscriptions
    • Podcast
    • Webcasts
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Change Me
      • Empowering Your Performance Edge
      • The Logistics of Defense
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Subscriptions
    • Podcast
    • Webcasts
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Change Me
      • Empowering Your Performance Edge
      • The Logistics of Defense
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
Home » Battery-powered vehicles see rise in commercial adoption rates, report says
newsworthy

Battery-powered vehicles see rise in commercial adoption rates, report says

October 23, 2019
DC Velocity Staff
No Comments

The adoption of battery-powered electric commercial vehicles (BEVs) is rising fast, thanks to government regulations, tax incentives, and improved price parity, according to an industry report released Tuesday.

Early adopters include sectors such as municipal buses, refuse trucks, light-duty service vehicles, and terminal tractors. Together, they will help drive the number of BEV commercial vehicles to 3 million units worldwide by 2024, according to the Oyster Bay, New York-based market advisory firm ABI Research.

"Beyond the current headlines, companies including BYD, Proterra, and Peterbuilt are establishing a BEV market presence within key early verticals," Susan Beardslee, principal analyst, Freight Transportation & Logistics, at ABI Research, said in the report, "Global Battery-Powered Electric Commercial Transport Fleet Expanding to 3 million Units by 2024." That growth rate would calculate out to a 28% compound annual growth rate (CAGR) from 2019 to 2024, the firm said.

Other examples include Daimler Trucks North America delivering its first Freightliner, eCascadia, to both Penske and NFI, and Amazon ordering 100,000 electric trucks from Rivian. At the same time, new business models include Volvo Trucks North America's upcoming VNR semi-truck with an 'energy as a service' package.

According to ABI, further growth beyond those initial use cases will require a "significant investment" in charging infrastructure and new technology to reduce battery size and weight as well as significantly enhance range.

"Other factors yet to be fully addressed include battery life and recycling methods. Still, the elimination of fuel costs, second only to personnel, and a significant reduction in maintenance will continue to attract significant investment and adoption of commercial BEV's throughout the 2020s," Beardslee said.

Transportation Trucking Green Logistics
KEYWORDS ABI Research
  • Related Articles

    Intermodal rates rise after three straight months of declines, report says

    Seagoing import traffic to rise 4.6 percent in first half of year, NRF, Hackett report says

    Labor concerns driving rise in container imports, report says

Recent Articles by DC Velocity Staff

Logistics gives back: April 2021

Watch that digital reef

Pandemic is just one threat to safety

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • A look into the future of robotics

  • A primer on warehouse robots

  • Roadrunner Freight bolsters LTL capabilities with $50 million in new backing

  • Southeastern Freight Lines Promotes Marty Cox to Service Center Manager in Cincinnati, Ohio

  • Pull back or go deeper—how the pandemic influenced shipper-3PL engagement

Now Playing on DCV-TV

9cddf77b a6f2 40d3 b603 004e451106fb

Dealing with Rapidly Rising Freight Costs

DCV-TV 4: Viewer Contributed
I don’t know if it’s because of our Two Minute Warnings, or the fact that shippers are experiencing the conditions we warned about in our Code Red webcasts, but lately, I’ve heard the same message from several C-Level and supply chain executives: Their companies are experiencing supply chain challenges and their...

FEATURED WHITE PAPERS

  • Special Report: Supply Chain Trends in Retail & Consumer Goods

  • Fortify Your Operational Resilience

  • Cold Storage Automation: Leveraging Advanced Technologies to Meet Increasing Demand

  • The modern warehouse: Maximizing productivity and capacity

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing