Capital Equipment News May 2018

PROFILE

Chandramowli Kailasam, Mobility Team Leader at Frost & Sullivan.

Frost & Sullivan’s latest analysis of the electric truck market finds that by 2025 the global light/medium/ heavy-duty hybrid and full electric truck segments are expected to achieve annual sales of more than 2,25 million units. Munesu Shoko speaks to Chandramowli Kailasam, Mobility Team Leader at Frost & Sullivan, about the growth opportunities, developments and forecasts. Road to e Trucks

Munesu Shoko [MS] Annual sales for electric trucks are projected to rise to 2,25 million units by 2025. What is the current size of the market? Chandramowli Kailasam [CK]: The size of the market in 2017 was about 61 000 units. MS: Policy and emission regulations form part of the legal and social agendas pushing for alternatives to combustion engines, but from a cost-effectiveness point of view, how will electric trucks compare to their petroleum counterparts in terms of total cost of ownership for the end user?

CK : Right now, electric trucks won’t reach cost parity with that of a gasoline or diesel or NG trucks, unless supported by incentives and subsidies. Depending on the truck segment we expect electric trucks will make economic sense only post 2019 for LCVs (less than 6 t GVW), post 2022 for medium duty (MD) trucks (greater than 6 t to 16 t GVW), and post 2024 for heavy duty (HD) trucks (greater than 16 t GVW). MS: You mention that electric trucks in heavy-duty applications are still an ambitious project. What are the main impediments for application in heavy-duty

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