Electric Trucks in India Near Cost Parity with Diesel Vehicles, Report Finds
E-trucks on verge of achieving commercial cost parity with diesel vehicles: Report
Hindustan Times
Image: Hindustan Times
A recent report indicates that heavy-duty electric trucks in India are close to achieving cost parity with diesel vehicles, crucial for reducing emissions in the freight sector. The report suggests that 55-tonne electric trucks are only 3-4% more expensive than diesel counterparts, with full parity expected within a year.
- 01Heavy-duty electric trucks are nearing cost parity with diesel vehicles in India.
- 0255-tonne electric trucks currently have a total cost of ownership only 3-4% higher than diesel trucks.
- 0314-tonne and 19-tonne electric trucks may reach parity within three to four years.
- 04Policy support, such as toll waivers, could further reduce costs for electric trucks.
- 05A phased roadmap aims to develop an EV-ready highway network across India by 2035.
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According to a report titled Electrifying Indian Highways: A Guidance Framework for Zero-Emission Freight, heavy-duty electric trucks in India are approaching commercial cost parity with diesel vehicles. Currently, 55-tonne electric trucks have a total cost of ownership (TCO) that is only 3-4% higher than comparable diesel trucks, with expectations for full parity within a year. For the 14-tonne and 19-tonne segments, the cost gap ranges from 10% to 24%, but these categories are projected to achieve parity within three to four years. The findings are based on operational data from the Laneshift pilot project along the Bengaluru-Chennai highway, where 20 battery electric trucks completed over 600 trips, covering more than 208,819 km. The report emphasizes that utilization rates above 9,000 km per month are crucial for the economic feasibility of electric trucks. It also suggests that policy measures, such as toll waivers for electric trucks, could reduce ownership costs by up to 11%. A three-phase roadmap aims to create an EV-ready highway network by 2035, starting with 20 high-volume national highway corridors and expanding to connect logistics hubs and ports. Additionally, a study by the International Council on Clean Transportation highlights the need for substantial peak installed capacity at truck terminals to support electric trucks.
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The shift towards electric trucks could significantly lower emissions in India's freight sector, aligning with national net-zero goals and potentially reducing operational costs for logistics companies.
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