As the Zero-Emission Fleet Transportation Market Scales, More Corporations Invest in Electric Vehicles

Dec 2, 2021 3:00 PM ET

The transportation sector is now the main culprit contributing greenhouse gas (GHG) emissions in the U.S. In the age of decarbonization targets and net-zero goals, this trend necessitates a change. Given that more than half the transportation sector’s emissions come from road vehicles, this change may very well come in the form of electric fleets.

In Black & Veatch’s survey of executives at 420 Fortune 1,000 companies, 89 percent of respondents said reducing GHG emissions is an organizational goal, according to a recent article published by Triple Pundit. One tangible step these organizations may take toward these goals is to electrify their transportation fleets.

But it will take time to transition. “To reach a 2030 [fleet electrification] goal, you need to start now,” Maryline Daviaud Lewett, director of business development for transformative technologies at Black & Veatch, told Triple Pundit.

For now, there are few zero-emission fleet transportation vehicles on the market; but this number is growing. As companies like Amazon and Fed-Ex continue to invest in electric trucks for “last-mile” deliveries, the market will begin to scale, and other corporations will follow suit.

As Daviaud Lewett told Triple Pundit, “the total cost of ownership of a zero-emission fleet is already competitive with conventional fleets.” All that remains is for companies to take the leap.