Volvo Unveils Total Cost of Ownership Tool for Electric Trucks

Volvo Unveils Complete Value of Possession Device for Electrical Vehicles

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SAN DIEGO — Volvo Vehicles North America launched a device to assist motor carriers study the monetary issues of adopting zero-emission automobiles.

“Everyone knows that constructing vehicles these days just isn’t the best factor in the entire world,” VTNA President Peter Voorhoeve informed reporters Oct. 23 at American Trucking Associations Administration Convention & Exhibition. “Provide chain, inflation, the value — irritations that play collectively, and we have to have a stability at the moment.”

The corporate throughout a press occasion launched the Volvo Complete Value of Possession device, which is designed to assist trucking corporations study numerous points of buying zero-emission tools, reminiscent of battery-electric or gasoline cell vehicles.

“We wish to be a part of the zero-emission answer,” Voorhoeve mentioned. “Now in our sustainability technique, we have a look at local weather, we have a look at sources and we have a look at individuals.”

Voorhoeve famous that whereas battery-electric vehicles nonetheless carry a major value premium over diesel vehicles, he believes zero-emission vehicles might be aggressive with diesels underneath the best circumstances after a couple of years of operation.

Voorhoeve additionally outlined the supply of native, state and federal incentive packages and particular financing that may additional decrease value of possession. On the upkeep facet, he mentioned that with fewer transferring elements electrical vehicles can provide upkeep benefits over diesels.

“Now we have developed a device that helps our clients to find out the affordability and financial viability, and the entire value of possession, of a decarbonized transport answer,” Voorhoeve mentioned. “We’ve taken all these variables and we’ve put them right into a mannequin. You possibly can put in all of the completely different variables on power value, on upkeep. After which, relying on the place you might be, the entire value of possession truly will turn out to be aggressive someplace in 12 months 4 or 5 whenever you run the truck.”

VTNA President Peter Voorhoeve

Voorhoeve later segued into the corporate’s longstanding objectives to scale back CO2 emissions by 50% from 2030 and make the corporate carbon-free by 2040. He believes these objectives are achievable, particularly as the corporate finds methods to increase the vary of EVs whereas additionally persevering with to scale back tailpipe emissions from new diesel vehicles.

“Sustainability isn’t just about promoting electrical vehicles,” Voorhoeve mentioned. “Sure, we’re a truck producer, sure we’re a transportation answer supplier and why will we do that? As a result of we strongly imagine that in our enterprise, we will construct a greater world.”

Nonetheless, Voorhoeve believes the marketplace for electrical Class 8 vehicles is ripe for growth, noting that many industrial vehicles journey fewer than 200 miles per day — a variety present vehicles in the marketplace, together with the Volvo VNR Electrical — can accommodate.

“That is how you could have a look at it,” he mentioned. “If all of the Class 8 vehicles that journey lower than 200 miles a day, if all of them use this automobile, then we’ll nearly meet our emission targets. That’s how we have to have a look at it. It’s a mixture of combustion engine vehicles, battery electrical, and gasoline cells. Combustion will nonetheless be there with renewable power — not on diesel, however renewable power.”

Volvo additionally introduced the latest sale of 15 VNR Electrical fashions to Tradelink Transport, a minority-owned trucking firm primarily based in Compton, Calif., for its land-bridge operations transporting merchandise for delivery corporations between the ports of Los Angeles and Lengthy Seaside and close by rail yards.

“With this order of 15 Volvo VNR Electrical vehicles, we’re excited to turn out to be one of many first fleets within the nation to deploy battery-electric vehicles and supporting infrastructure into our operations at scale,” Tradelink President Rigoberto Cea mentioned. “Our drivers are excited to drive the brand new VNR Electrical vehicles. Most stay inside a 15-mile radius of our facility and see how important it’s for the trucking trade to scale back its emissions and neighborhood influence.” The corporate mentioned the zero-emission vehicles will present air high quality and noise-reduction advantages to the deprived communities positioned adjoining to the ports, in addition to the closely trafficked I-110 and I-710 Southern California freeway corridors.

Ten of the vehicles have been bought with vouchers from California’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Mission.

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