Big developers and startups have plenty of money to invest
Source: FreightWaves
California passed the Advanced Clean Trucks and Advanced Clean Fleets regulations requiring a transition from diesel to electricity. Generous incentives for buying electric trucks, installing charging stations and building utility infrastructure lessen the enormous cost burden along with credits under the state’s Low Carbon Fuel Standard.
Large fleets saw California’s rules coming. Schneider recently opened a 4.8-megawatt charging facility in El Monte, east of Los Angeles. It is capable of charging 32 Class 8 trucks at one time. NFI Industries expects to bring a similar facility online in Ontario later this year. Both facilities are private, though they received significant financial help from state and local governments.
