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Be Prepared for the Coming Electric Commercial Vehicle Revolution

Comvoy is your source for the future of the Electric Commercial Vehicle Industry

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Comvoy’s Electric Vehicle Pledge

When your business is considering electrification, trucks are just one piece of a complex puzzle. Battery-electric commercial vehicles require an entire electrical ecosystem for operation. And Comvoy is preparing to provide the information you need to transition your fleet and business to battery-electric.

Overall State of the EV Commercial Vehicle Industry

The year 2021 is shaping up to be the most exciting in commercial vehicle industry with electric-powered trucks. Many companies are working on their models, and it seems that this change will happen soon. Freightliner, Rivian Automotive Company Inc., Volvo AB (STO:VOLV-B), and Tesla have all created prototypes of what these vehicles might look like.  And many corporations such as SoCal Edison have been testing trucks as an alternative mode of transportation for goods delivery.

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Electric Charging Station Sign

Charging

The West Coast Electric Highway is a network of charging stations along the I-5 corridor, which runs through California, Oregon, and Washington. In 2019, all three states drafted a study on adding charging infrastructure for commercial vehicles with several utilities. However, until the infrastructure is built out, electric vehicles will stick to their “return to base” model, where they never travel far from home or work without recharging.

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What are Federal and State Incentives? 

You may qualify for as much as $7,500 in federal tax incentives for purchasing an all-electric commercial truck or van in 2020. The federal tax credit is a potential future tax saving. The amount of your tax savings will depend on your tax circumstances. Many states also offer additional rebates and incentives for electric vehicle customers — up to $2,500 in some instances.

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Why EVs Work for Commercial Companies

Class 8 electric trucks cost less to operate and maintain than their diesel counterparts. For example, a class 8 truck can go 250 miles on one charge while pulling 60k pounds of cargo without requiring almost any maintenance. As a result, McKinsey predicts that an average fleet’s total costs will be up to 25% lower with EVs compared to ICE vehicles in the same category by 2030.

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How to Use Electric Commercial Vehicles in Your Business

EVs for the Final Mile

An EV delivery fleet is most suited to businesses that perform last-mile deliveries within a fixed and limited radius, such as retail delivery, e-commerce home service businesses. So, as electric vehicles are gradually gaining popularity, it’s a worthy investment to begin planning now. And using AI can help accurately plan delivery routes and daily dispatches while driving lesser miles, which will also reduce costs for a business’s final mile visibility.

Want to know what’s going on in the battery-electric vehicle industry? Sign up for our Newsletter