Navigant Research Report Highlights Nascent Market for Electric Trucks for Long-Haul Freight Applications

Electric long-haul solutions must net a convenience advantage over
diesel and other alternative fuels to achieve market penetration

BOULDER, Colo.–(BUSINESS WIRE)–lt;a href="https://twitter.com/hashtag/AlternativeFuels?src=hash" target="_blank"gt;#AlternativeFuelslt;/agt;–A new report from Navigant
Research
analyzes the current state of the electric heavy duty (eHD)
long-haul truck market.

Electrification has been moving swiftly through the commercial vehicle
market. Established suppliers and manufacturers, in addition to
startups, are already commercializing medium and heavy duty electric
trucks and are working toward solutions for long-haul freight
applications. Click
to tweet
: According to a new report from @NavigantRSRCH,
while the development of eHD trucks for long-haul freight applications
is still relatively nascent, several companies are looking to be the
first to break through.

“Many factors are driving the electrification of long-haul HD trucks,
including efforts around the globe to reduce carbon emissions as well as
the opportunity for fleet owners to expand their margin with lower
operating costs,” says William Drier, research analyst with Navigant
Research. “While market players are working to design e-trucks and the
charging infrastructure systems needed to support long-haul vehicles,
long-haul is a very demanding application and poses many significant
challenges to electrification, primarily a comprehensive recharging
network.”

According to the report, electric long-haul solutions must net a
convenience advantage over diesel and other alternative fuels. To
advance the market, Navigant Research recommends manufacturers partner
with infrastructure developers or charging point operators as
infrastructure solutions are developed. The industry should also work to
identify and pursue cost-sharing strategies to build out a comprehensive
charging network capable of supporting long-haul e-trucks.

The report, Electrifying
HD Trucks for Long-Haul Freight
, analyzes the current state of
the eHD long-haul truck market. It provides an overview of the new and
established key players operating in the market. The report also
explores the potential opportunities for growth and the barriers to
adoption of eHD trucks. Additionally, the report examines how existing
market alternatives to electrification may influence the future of the
market. Recommendations are also provided on how suppliers and
manufacturers can take advantage of any coming market disruptions. An
Executive Summary of the report is available for free download on the Navigant
Research website
.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of
clean, intelligent, mobile, and distributed energy. Additional
information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report,
Electrifying HD Trucks for Long-Haul Freight, is a
summary and reflects Navigant Research’s current expectations based on
market data and trend analysis. Market predictions and expectations are
inherently uncertain and actual results may differ materially from those
contained in this press release or the report. Please refer to the full
report for a complete understanding of the assumptions underlying the
report’s conclusions and the methodologies used to create the report.
Neither Navigant Research nor Navigant undertakes any obligation to
update any of the information contained in this press release or the
report.

Contacts

Lindsay Funicello-Paul
+1.781.270.8456
lindsay.funicello.paul@navigant.com

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