Critical Findings Revealed on Sustainable Fleets
Dramatic findings are revealed in a new State of Sustainable Fleets Market Brief, which includes illuminating developments and trends in sustainable fleets.
The report’s noteworthy highlights are as follows:
1. Emission Reduction Mandates: To promote cleaner transportation, the federal government and California have implemented regulations that call for an 80% reduction in nitrogen oxide emissions from diesel engines.
2. Public Incentive Funding: Over the next four to five years, public incentive funding will be offered at more than $32 billion annually to encourage using clean vehicles and construction of essential infrastructure.
3. ZEV Sales and Purchase Requirements: The zero-emission vehicle (ZEV) sales requirement for manufacturers is currently being adopted by 13 states and the District of Columbia. Implementing ZEV purchase requirements for fleets is also anticipated in these states, which will accelerate the shift to cleaner modes of transportation.
4. Renewable Fuels: Between 2021 and 2022, renewable diesel production in the United States increased significantly, doubling to 800 million gallons. For the second year, California’s transportation sector transitioned away from most fossil natural gas.
5. Cost comparison: In 2022, the average price for compressed natural gas (CNG) was $2.73 per diesel gallon equivalent, while propane was $2.10 per gasoline gallon equivalent. Compared to the average diesel and gasoline prices of $5.78 and $4.79 per gallon, respectively, this is significantly less expensive.
6. Increase in Battery-Electric Vehicle Orders: Orders for Medium- and Heavy-Duty Battery-Electric Vehicles saw a remarkable 640 percent increase. Notably, 2022 orders for 30,000 medium-duty and 2,400 heavy-duty battery-electric school buses were placed.
7. Growing Adoption: According to the annual survey, medium- or heavy-duty battery-electric vehicles are now a part of at least 50% of fleets across various sectors, including logistics, transit, school, cargo, and delivery fleets. In addition, 92 percent of these fleets intend to use these vehicles more frequently.
8. Obstacles and Delays: Electric service installations have caused multi-year delays for deployment projects. At the same time, supply chain disruptions have increased the cost of medium- and heavy-duty battery-electric vehicles.
9. Development of Station Networks Outside of California, Covering the Central, Mid-Atlantic, and Southwest Regions of the United States: The public hydrogen station network saw a 12 percent growth, and plans were announced for the development of station networks outside of California, Covering the.
The State of Sustainable Fleets Market Brief thoroughly analyzes the sustainable fleet sector’s developments and difficulties. These findings show a growing movement toward cleaner transportation, incentives are available, and the use of battery-electric cars and renewable fuels has increased dramatically. These insights will be invaluable for fleet operators, policymakers, and other stakeholders interested in building a sustainable and environmentally friendly future as the industry develops. Gladstein, Neandross & Associates, a clean technology consulting company, released these findings in their fourth annual report on the sector.