Alternative Profits Blog

Electric Trucks - Opportunities, Trends and Challenges

Definition

Trucks propelled by a motor powered by electrical energy from rechargeable batteries or other source onboard the vehicle.

Market Need

Need for heavy commercial vehicles that are more energy efficient and less polluting than current vehicles.

Trends

• Ford and Modec are some of the prominent companies targeting the US market with electric trucks. In addition, Electric Vehicles International (EVI) also has unveiled it's "Road Ready" commercial transport electric vehicle for the U.S. market.
• FedEx, along with Eaton Corp. in the USA and Iveco in Europe, has begun deploying a small fleet of Hybrid diesel electric delivery trucks. As of October 2007, Fedex operates more than 100 diesel electric hybrids in North America, Asia and Europe.
• Toyota's Hino Truck subsidiary plans to offer an original-production heavy-duty hybrid truck chassis both in North America and Japan.
• In 2009, Modec will produce about 300 of its 6-ton trucks powered by lithium-ion batteries, and in 2010, the Coventry, U.K.-based truck maker expects orders to at least double that number



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