As the North American transportation and mobility sector transitions toward electrification in the next decade, new opportunities and demand for greener powertrain alternatives will surface. The biggest opportunities lie in battery electric technology to expedite the adoption of cleaner, more sustainable transportation.
Many new participants entering the electric medium and heavy-duty truck space are drawn to the sheer potential in volume and viable business cases for early adoption of electrification. Numerous new OEMs are also entering the electric medium and heavy-duty truck space attracted by the scope on offer to eliminate carbon emissions. Trucks are one of the largest contributors to transportation-related CO2 emissions. Hence, the industry offers great potential in tackling this problem.
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