Trucks Industry are the new sector transitioning to Electric vehicles
Volvo trucks are part of the switch to electric trucks in a move that aims to minimize carbon emissions in California state and particularly Los Angeles. With this in mind, the California Air Resources Board is infusing funds to ensure the swift transition of Volvo Trucks and other truck companies to electric trucks with emission-free technology. Additionally, private businesses are investing in this technology after perceiving the cheap cost of the Evs and the concurrent stringent measures on carbon emissions.
Keith Brandis, the Vice President of Volvo Group, ascertains that the project coincides with its safety and environmental objectives. He reiterates that though it is a lucrative business opportunity, they as Volvo Group are going to integrate their technical and electrical infrastructure to generate a quality product.
After producing five electric trucks, Volvo has sent them to Southern California. They are also developing three more vehicles. These trucks are consequently more expensive than the conventional ones due to their simplicity and ease of maintenance.
This transition to renewables is advantageous, especially now that fuel is exhausting at an alarming rate. The electric trucks have batteries that make them cover over 120 miles without recharging. The cells are cheaper, and therefore other electric vehicles can cover over 200 miles.
Though the automobile industry is catching up with this new technology, a significant number of conventional cars are still in operation. Thus, the electricity and transportation industry still contribute to most greenhouse gas emissions in the US. Scientists warn that the emissions are exceeding the threshold and could have adverse and irreversible effects on the environment.
The director of EV infrastructure at ABB in North America, Bob Stojavonic, says that there are several alternatives to this renewable, including solar, making the program attractive for government incentives. He recommends the government working with the private sector to factor in incentives and therefore lower the cost of renewable energy.
The executive explains that there are charging locations under development in Los Angeles. These projects intend to facilitate the production of electric trucks and solve the emissions problem. Therefore, firms like Edison International are integrating the grid and the resources useful in the production of reliable and cost-effective power for commercial vehicle operators.
Stojavonic visualizes a market potential of over 30% annual growth in the EV sector. This vision is achievable if further ventures inquire more about the technology. Wood MacKenzie of Bloomberg New Energy Finance outlines the possibility of inflation come 2026 when this technology floods the market with many cars and charging stations.
Finally, Volvo says it will continue supplying fuel-driven trucks to meet the demand for customers. After renewables take charge in the market, they can then revisit their complete electric vehicles. All in all, the automobile industry wants a clean environment, so they have to balance regulations and market demand.