ACT News: Financing a Successful Transition to Electric

ACT News: Financing a Successful Transition to Electric Main Photo

4 Mar 2024


An Expensive Transition

Technology advances and regulations around electrifying medium- and heavy-duty vehicles are leading many fleet owners and operators to transition to electric sooner than they might have originally planned. This accelerated timeline presents a critical question: can fleets afford to pay for the transition from diesel to electric vehicles (EVs) today, and if not, what are their options?

While the transition to EVs promises benefits such as operational cost savings, meeting customer sustainability goals, and improving the health of the communities in which fleets operate, the upfront costs of transitioning to electric can be significant. From purchasing the EV trucks themselves to procuring and installing charging stations, capital expenditure can quickly add up.

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