Bloomberg – Zero Emission Commercial Vehicles: The Time Is Now, Sep 2024

Road freight plays a crucial role in global economic activity, but its carbon emissions are not in line with net-zero targets set by governments. This report examines the zero-emission commercial vehicle market, showing that despite challenges, the transition to cleaner freight is underway. The report, commissioned by the Dutch Ministry of Infrastructure and Water Management and Smart Freight Centre, highlights opportunities for market participants, including in fleet financing. Sales of zero-emission trucks are growing, with battery-electric trucks leading the way. Prices for batteries are dropping, making electric trucks more competitive with diesel vehicles. Manufacturers have ambitious sales targets for zero-emission trucks by 2030, but challenges like capital costs and refueling remain. However, new business models and financing structures are emerging to address these challenges and drive growth in the market. Fleet owners and investors who seize early opportunities can help drive the necessary scale for further growth in the industry.