BOSTON, May 3, 2024
/PRNewswire/ -- Fresh city air and guilt-free online shopping could
be two benefits of electric and fuel cell trucks. With the growth
of environmental awareness and the hydrogen economy, zero- and
low-emission trucks could see larger-scale adoption over the next
decade.
Environmental care
Online shopping won't have to be such a large contributor to
emissions because electric and fuel cell trucks won't negatively
impact the environment with deliveries. With the growth of retail
industries and online shopping platforms, more transportation is
required for these industries to flourish, meaning zero-emission
trucks couldn't come at a better time. Hand in hand with the
CO2 emission legislation becoming stricter, cleaner air
is becoming a central focus of many companies from an environmental
and business competitiveness perspective.
Cities and built-up areas could be protected from excess fumes
from fuel as the air becomes cleaner, and a large contributing
factor to poor air quality is removed. Large trucks currently
consume anywhere between 30 and 40 litres of fuel per 100km,
with cars sitting approximately between 4 and 7, with trucks also
racking up a much greater annual mileage. Electric and fuel cell
trucks could be a window to turning these figures on their head,
and over the past few years, battery electric trucks have moved
from prototypes to commercial models. In their report on the topic,
"Electric and Fuel Cell Trucks 2024-2044: Markets, Technologies,
and Forecasts", IDTechEx predicts that by 2044 82% of zero-emission
trucks sold will be battery electric out of approximately 1.8
million zero-emission trucks sold per year.
Hydrogen economy
The flourishing of the hydrogen economy will make way for more
fuel cell trucks to get onto the road. Due to the cost, lack of
infrastructure, and struggle to produce hydrogen for trucks alone,
processes of making hydrogen for cleaner, widespread energy sources
will greatly benefit the fuel cell industry.
The benefits of fuel cells are perfect for long haul journeys
and in colder weather, where battery performance might suffer.
Hydrogen has a greater energy density per kilo in comparison to
batteries, and it is quicker to refill a tank than to charge up a
large battery, so lowering costs could be a long-term goal for
hydrogen companies. Battery electric trucks are currently much more
common but can be restricted to short-haul journeys due to the
weight of large batteries, limited range, and reduced performance
in cold weather.
The electric and fuel cell trucks sector is expected to reach
US$207 billion by 2044 and are both
part of the solution to achieving a zero-emission transport sector.
Government support is available for the first companies to make
moves towards this. Subsidies for the purchasing of trucks
could incentivize companies to make investments in these
future transport methods, and the future of truck driving and
retail industries could see their reputations reinvented.
For more information, please see the IDTechEx reports
"Electric and Fuel Cell Trucks 2024-2044: Markets, Technologies,
and Forecasts" and "Fuel Cell Electric Vehicles 2024-2044: Markets,
Technologies, and Forecasts". Downloadable sample pages are
available for these reports.
For the full portfolio of electric vehicles market research
from IDTechEx, please visit www.IDTechEx.com/Research/EV.
About IDTechEx:
IDTechEx provides trusted independent research on emerging
technologies and their markets. Since 1999, we have been helping
our clients to understand new technologies, their supply chains,
market requirements, opportunities and forecasts. For more
information, contact research@IDTechEx.com or
visit www.IDTechEx.com.
Media Contact:
Lucy Rogers
Sales and Marketing Administrator
press@IDTechEx.com
+44(0)1223 812300
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SOURCE IDTechEx