A recent report by Deloitte Canada makes a case for decarbonizing commercial vehicles as a measure that is eventually less expensive than maintaining internal combustion vehicles.
e in 2022 to $170 per tonne by 2030 . This means fuel prices are expected to rise more quickly than electricity prices over the same period.
The authors of the report do recognize that the transformation attached to electrification involves investing significant capital into vehicles and charging infrastructure. However, they do recommend that operators take advantage of the $3 billion in EV grants and incentives currently offered by Canada’s federal and provincial governments, particularly taking into account that these grants and incentives are both time-bound, expiring by 2027, and capped.
“EVs that require larger batteries to move large payloads or travel longer distances on a single charge cost significantly more than ICE vehicles; currently, a battery-electric class 8 truck can be up to four times more expensive than its diesel equivalent,” the dossier states. However, “as battery-electric technology costs are expected to decline, most class 8 commercial EVs are likely to reach TCO price parity by 2030.
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