Carriers reported awareness of the environmental impact of carbon emissions as the top reason for reducing carbon emissions, yet nearly 70% of survey respondents are planning to make a new truck purchase within the next 3 years, according to Convoy research.
“According to our survey of carriers, a fleet’s purchase decision can be impacted by the cost, charging time and infrastructure, distance limits, maintenance, and insurance costs, in addition to limitations on weight. Reducing the barriers to cost and ownership, increasing infrastructure to charge, and providing financial resources across the lifetime of owning a truck, could drive even more adoption,” the Convoy study says.
- Carriers reported awareness of the environmental impact of carbon emissions as the top reason for reducing carbon emissions. This diverges from the March survey results, where government regulations were cited as the top reason.
- As inflation continues to rise and gas prices remain at near record highs, reduced operating costs as a top reason for reducing carbon emissions has increased 7% compared to the March survey.
- Carriers who feel pressure to reduce carbon emissions in their business are 50% more likely to be tracking or reporting them in their business today.
- 45% of carriers are willing to provide fuel efficiency data of trucks to Convoy to track carbon emissions.
- 22% of carriers are currently tracking and reporting carbon emissions today.
- Nearly 70% of survey respondents are planning to make a new truck purchase within the next 3 years.
- Of that 70%, over one-third are considering purchasing an alternative fuel truck.
- The top barrier to purchasing an alternative fuel vehicle is the high cost of these trucks.