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What will shift to zero-emission trucks cost? $1 trillion for charging alone, study says [Los Angeles Times (CA)]

SCHNEIDER ELEC UNSP/ADR (SBGSY) 
Getting rid of them will be costly — nearly $1 trillion, according to an industry study released Tuesday. Sponsored by the freight-hauling truck fleet industry, it concludes that charging infrastructure for a nationwide fleet of 100% electric trucks — from delivery trucks to big rigs — will cost $622 billion. Add to that an additional $370 billion on electric utilities to upgrade or install electric substations, overhead and underground lines, transformers, poles and fixtures to supply truck chargers. Electricity providers “would need to spend nearly the equivalent of what was spent on the entire system during the past 15 years,” the report says, pegging the past cost at $450 billion. Not covered in the report: the expense of the trucks themselves. Electric big rigs today cost hundreds of thousands of dollars each, or three to four times more than a diesel truck. California is spending billions in subsidies to make those trucks more affordable. The motor freight industry says Show less Read more
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