It is estimated that the annual total cost to transport (TCT) by electric vehicle (EV) versus diesel will increase, according to a recent report by Ryder System, a fully integrated port-to-door logistics and transportation company.
The report is a quantitative analysis of the potential economic impacts of converting commercial diesel vehicles to EVs.
“While Ryder is actively deploying EVs and charging infrastructure where it makes sense for customers today, we are not seeing significant adoption of this technology,” Robert Sanchez, Ryder chairman and CEO, said. “For many of our customers, the business case for converting to EV technology just isn’t there yet, given the limitations of the technology and lack of sufficient charging infrastructure. With regulations continuing to evolve, we wanted to better understand the potential impacts to businesses and consumers if companies were required to transition to EV in today’s market.”
Based on representative network loads and routes from Ryder’s dedicated fleet operations, the company found that TCT ranged from up to 5 percent for a light-duty transit van to as much as 114 percent for a heavy-duty tractor. For a mixed fleet of 25 light-, medium- and heavy-duty vehicles, TCT increased up to 67 percent for an all-electric fleet. Costs varied by geographic area.