While the electric vehicle (EV) industry is taking off with the market’s passenger cars, the electric semi-truck market is just a few years behind. In spite of this, analysts seem to think that this will change significantly within the next five years, as we prepare to see major growth in the world’s electric semi-trucks.
In a press release on Monday, Kelly McCoy of Wood Mackenzie Research stated the firm’s belief that the number of electric semi-trucks in the market would increase from about 2,000 currently up to as many as 54,000 by 2025 (via Teslarati).
In 2019, Wood Mackenzie reported, there were only about 2,000 electric truck charging outlets in the US, representing a major barrier to the use of electric semi-trucks at large. However, that number is now also expected to increase to 48,000 by 2025.
Some Twitter users have even gone so far as to say that the Tesla semi will be the most profitable Tesla vehicle to come, which is saying something given the astronomical sales that other Tesla Models are already predicting and proving.
Tesla revenue is going to climb, a lot, over the next few years. Semi has the potential to be the most profitable Tesla vehicle, in terms of profit per unit sold.
— James Stephenson (@ICannot_Enough) August 17, 2020
This announcement comes on the heels of Nikola, a hydrogen-based EV company, who released plans to open a semi-truck factory in Arizona. While Nikola has yet to deliver any cars, Tesla is well into its course as a company, and they’ll certainly have the best jump on the electric semi-truck market.
The news of increased electric semi-truck production is timely, as growing concerns over climate change only become broader and accepted. The semi industry is expected to change over to electric almost completely within the next decade, cutting emissions significantly, and that’s something we can all appreciate.
