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Electric truck prices: how much will it cost to go green in 2024?

Electric truck prices: how much will it cost to go green in 2024?

BD
Bertrand Deguerne
Bertrand Deguerne
 ・ 
electric truck price

At the dawn of 2024, the transport and logistics sector is witnessing a major transformation, marked by the emergence and growing adoption of electric trucks. This shift towards electrification, driven by the desire to reduce carbon footprints and meet increasingly stringent environmental regulations, raises many questions, not least in terms of cost. For industry professionals, fleet managers and hauliers, understanding the evolution of electric truck prices is essential to anticipate and plan future investments. The question of price, at the heart of concerns, is not only influenced by the initial cost of purchase. It also encompasses factors such as range, power, the cost of recharging, as well as available financial aid, which together determine the total cost of owning an electric truck. Here's what you need to know about the various aspects that influence the price of electric trucks, highlighting the leading models of 2024 and offering a perspective on the evolution of this dynamic market.

Overview of the electric truck market in 2024

In 2024, the electric truck landscape is dominated by several key manufacturers, each bringing its own innovations and contributing to the evolution of industry standards.

Key players and innovations

Tesla, with its Semi model, promises to revolutionize long-distance transport thanks to its impressive range and unprecedented energy efficiency. For its part, Renault Trucks continues to assert its presence with an expanded range of electric heavy-duty vehicles suited to a variety of uses, from urban distribution to more specific applications. Volvo Trucks, a pioneer in its commitment to sustainable transport solutions, is expanding its range with models combining power, autonomy and driver comfort.

These major players are joined by other brands such as Mercedes-Benz, Scania and Iveco, who are also investing in electric technology to meet the diverse needs of transport professionals. Innovations are not limited to vehicle performance; they also include advanced recharging systems and integrated software solutions to optimize fleet utilization and reduce operating costs.

Impact on prices

Technological advances, particularly in batteries and electric propulsion systems, play a crucial role in determining the price of electric trucks. While battery costs have historically made up a significant proportion of the total price, continued progress in this area points to a significant drop in prices, making electric trucks more accessible to a wider range of transport professionals.

However, increased autonomy and enhanced functionality may also influence prices upwards, creating a delicate balance between costs and benefits for end-users. Nevertheless, the diversity of models available on the market in 2024 means that every company can find an electric truck to suit its needs and budget.

Financial aid and regulations

The regulatory environment and financial support schemes play a decisive role in the adoption of electric trucks, and have a direct impact on the cost of acquisition for professionals. In France, as in many other European countries, incentives such as ecological bonuses, subsidies for the installation of charging stations and tax breaks are in place to encourage companies to make the transition to greener fleets.

These subsidies aim to reduce the price differential between electric trucks and their diesel equivalents, making the initial investment more attractive. In addition, initiatives such as the ADVENIR project, which supports the installation of recharging infrastructures for electric vehicles, complement these measures by facilitating access to recharging solutions, a key factor in the efficient operation of electric trucks.

Future prospects

As we move into 2024, the outlook for the electric truck market is one of continued growth and increased competition among manufacturers. This dynamic is likely to lead to even greater diversification of offerings and potentially downward pressure on prices, to the benefit of industry professionals. At the same time, technological advances, particularly in batteries and automation, will continue to improve the performance and efficiency of electric trucks, making them even more competitive with traditional solutions.

How much does an electric truck cost?

In 2024, the cost of acquiring an electric truck will vary significantly according to model, battery capacity, desired range and additional features. Prices start at around €150,000 for entry-level models designed for urban applications. They can rise to €300,000 and more for top-of-the-range models designed for long-distance transport, such as the Tesla Semi, whose advanced features justify a higher price. For example, an average electric truck from Renault Trucks or Volvo Trucks designed for local deliveries can be found in the €180,000 to €220,000 range, depending on the specifications chosen. For electric vans, or even used electric vans, prices can start at around €30,000. On the other hand, certain types of vehicle, such as electric refrigerated trucks or electric buses, will have more specific prices. 

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Factors influencing the price of electric trucks

The price of an electric truck is the result of a multitude of interdependent factors, from technological advances to government policies, production costs and available recharging infrastructure.

Battery costs and technological developments

The cost of lithium-ion batteries, a major component of electric vehicles, is a crucial factor directly influencing the final price of electric trucks. In recent years, there has been a downward trend in costs thanks to technological advances and increased production capacity. In 2024, this trend will continue, making electric trucks more affordable for companies. However, innovations aimed at increasing range and battery performance can also influence cost. Manufacturers are striving to strike the right balance between cost efficiency and technological advances to offer competitive solutions.

Autonomy and power

The range of electric trucks is a major concern for transport professionals, as it determines the vehicle's ability to meet the demands of long distances without frequent recharging. Models offering greater autonomy are generally more expensive, due to the higher-capacity batteries and advanced technology they carry. Similarly, the power of the vehicle, which affects its load capacity and speed, is another factor influencing price. High-performance trucks, adapted to specific tasks or difficult terrain, can cost more due to their high-end design and components.

Charging infrastructure

Access to adequate charging infrastructure is essential for the efficient use of electric trucks. The cost of installing and maintaining these infrastructures, whether fast charging points on routes or charging stations at the depot, must be factored into the total cost of ownership of the electric truck. Although financial assistance is available for the installation of these infrastructures, companies need to plan and budget for these costs, which can vary according to location, charging station capacity and the specifics of the local electricity grid.

Government incentives and regulations

Government policies, such as subsidies, tax incentives and environmental regulations, play a significant role in determining the cost of electric trucks. Incentives to promote the adoption of electric vehicles, such as tax breaks or purchase bonuses, can significantly reduce the initial cost to companies. In addition, environmental regulations, such as low-emission zones, can encourage the adoption of electric trucks by limiting the use of diesel vehicles and increasing the cost of operating them.

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Comparison with conventional trucks

When evaluating electric trucks, it's essential to compare them to their traditional diesel-powered counterparts to fully understand the benefits and costs associated with the transition to electric.

Total cost of ownership (TCO)

One of the most convincing arguments in favor of electric trucks is their total cost of ownership (TCO) compared with conventional diesel trucks. TCO takes into account not only the purchase price, but also operating costs such as fuel, maintenance, repairs and taxes. Although the initial cost of an electric truck may be higher, savings on fuel and maintenance can make these vehicles more economical in the long term. In 2024, as fuel efficiency improves and battery costs fall, the TCO gap between electric and diesel trucks continues to narrow, making the electric option increasingly attractive to businesses.

Environmental benefits and regulations

In addition to financial savings, electric trucks offer significant advantages in terms of reduced greenhouse gas emissions and noise pollution. These environmental benefits are particularly relevant in the context of increasingly stringent environmental regulations, such as low-emission zones and decarbonization targets. Companies adopting electric trucks can not only contribute to environmental protection, but also more easily comply with current regulations and avoid the potential penalties associated with the use of diesel vehicles.

Tesla Semi, Renault Trucks, Volvo Trucks: prices and models in 2024

Among the flagship models for 2024, the Tesla Semi stands out for its promise of exceptional autonomy and superior performance, aimed at revolutionizing long-distance freight transport. Renault Trucks and Volvo Trucks also offer a diverse range of electric trucks, designed to meet a variety of needs, from urban distribution to more specialized applications. Each model has its own particularities in terms of charging capacity, range, power and functionality, which are reflected in their price range. In 2024, industry professionals will have a wide choice, enabling them to select the electric truck best suited to their specific operations and budget.

Charging infrastructure: costs and availability

The availability and accessibility of charging infrastructure is a key factor in the efficient operation of electric trucks. Companies need to consider the cost of installing charging stations, both at the depot and along routes, to ensure convenient and rapid charging. Costs vary according to the capacity of the charging stations, the speed of charging and the existing electrical infrastructure. By 2024, the development of denser and faster charging networks is improving accessibility for electric trucks, contributing to their growing adoption.

In 2024, the electric truck market is at a tipping point, offering a range of innovative and economically competitive models. Factors such as technological evolution, government incentives, and improved recharging infrastructures play a crucial role in this dynamic. For transport and logistics professionals, the adoption of electric trucks represents an opportunity to optimize their operations, reduce their environmental impact and prepare for the sector's future challenges.

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