Understanding the future of commercial electric vehicles in North America just became easier. In a landmark report, ACT Research has outlined the forecast of adoption of more than 20 vehicle applications over the next 20 years.
As part of the second edition of CHARGING FORWARD, a battery and fuel cell commercial electric vehicle report, ACT Research analyzed and built economic-based, total-cost-of-ownership (TCO) algorithms to plot the baseline, slow-case, and fast-case scenarios for adoption of 23 work applications of Classes 4-8 vehicles across North America.
“As part of ACT Research’s Global CEV2021 study POWER UP, we had the chance to include a number of study participants focused on the North American market. The result was additional insights into cost assumptions, enabling further improvements to our TCO models and refinements to our adoption rate forecasts for a stand-alone CHARGING FORWARD Update,” noted Ann Rundle, VP Electrification and Autonomy.
The more than 250-page analysis takes a deep dive into the current and future challenges and opportunities across battery and fuel cell technology, propulsion systems, infrastructure, regulations and subsidies. What’s more, ACT was able to quantify this analysis into a TCO model, allowing OEMs, suppliers, infrastructure suppliers, fleets, and others to understand the tangible impact of these potentially intangible matters.
“We’ve really spent a considerable amount of time looking at the regulatory landscape to understand how policies and regulations will impact BEV and FCEV adoption. Everything from ZEV mandates and NOx emissions regulations to relaxing weight penalties and local air quality rules. Regulatory impacts are built into our TCO model, and we’ve made it easy for our clients to factor in their own subsidies and incentives,” remarked Lydia Vieth, ACT’s Research Analyst, Electrification & Autonomy. “This means ACT is able to give our clients not only BEV and FCEV adoption rates for 23 work applications of Classes 4-8 vehicles, but a complete understanding of the factors and circumstances driving those adoption rates in North America."
ACT Research is recognized as the leading publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasts for the North America and China markets. ACT’s analytical services are used by all major North American truck and trailer manufacturers and their suppliers, as well as banking and investment companies. ACT Research is a contributor to the Blue Chip Economic Indicators and a member of the Wall Street Journal Economic Forecast Panel. ACT Research executives have received peer recognition, including election to the Board of Directors of the National Association for Business Economics, appointment as Consulting Economist to the National Private Truck Council, and the Lawrence R. Klein Award for Blue Chip Economic Indicators’ Most Accurate Economic Forecast over a four-year period. ACT Research senior staff members have earned accolades including Chicago Federal Reserve Automotive Outlook Symposium Best Overall Forecast, Wall Street Journal Top Economic Outlook, and USA Today Top 10 Economic Forecasters. More information can be found at www.actresearch.net.
ACT’s 66th Seminar is scheduled for February 22-24, 2022. Focused on the continuous evolution and advancement of autonomous and powertrain technologies in the transportation and commercial vehicle markets, OUTLOOK Seminar 66 will feature key industry leaders from Ford, Transplace, TuSimple, and the EPA, with more being added to the agenda. February’s event features three panels (US Economics, Trucker & Transportation, and Autonomous Ecosystem), as well as a fireside chat with the EPA, discussions about fleet decarbonization, electric vehicle forecasts, and reviews of freight/transportation, Class 8, Classes 5-7, the US used truck and new US trailer markets. For information about OUTLOOK Seminar 66, click here.
ACT Research recently completed POWER UP, a look at 7 global regions and more than 20 countries in a review of local regulations, infrastructure, and the impact on the adoption of battery and fuel cell electric commercial vehicles through 2040. This forecast is the first of its kind, a review of the decarbonization of commercial vehicles around the world. POWER UP is now available. Click here for more details.
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Learn more information about the CHARGING FORWARD Update.