Electrification
Every Electric Semi Truck in One Graphic
Every Electric Semi Truck in One Graphic
Electric semi trucks are coming, and they could help to decarbonize the shipping and logistics industry. However, range remains a major limitation.
This presents challenges for long-hauling, where the average diesel-powered semi can travel up to 2,000 miles before refueling. Compare this to the longest range electric model, the Tesla Semi, which promises up to 500 miles. A key word here is “promises”—the Semi is still in development, and nothing has been proven yet.
In this infographic, we’ve listed all of the upcoming electric semi trucks, complete with range and charge time estimates. Further in the article, we’ll explore the potential commercial use cases of this first generation of trucks.
Model Overview
The following table includes all of the models included in the above infographic.
Company | Truck Name | Range | Charge Time | Expected Delivery |
---|---|---|---|---|
🇺🇸 Tesla | Semi | 300-500 miles | TBD | 2023 |
🇺🇸 Freightliner | eCascadia | 250 miles | 80% in as low as 1.5 hrs | 2022 |
🇸🇪 Volvo | VNR Electric | 275 miles | 80% in as low as 1 hr | 2022 |
🇺🇸 Kenworth | T680E | 150 miles | 100% in as low as 3.3 hrs | TBD |
🇺🇸 Peterbilt | 579EV | 150 miles | 100% in as low as 3.3 hrs | 2022 |
🇨🇳 BYD | 8TT | 167 miles | 100% in as low as 2.5 hrs | In operation |
🇺🇸 Nikola | Tre BEV | 350 miles | 10% to 80% in as low as 2 hrs | 2022 |
Source: US News, CNBC, InsideEVs
With the exception of Tesla’s Semi, all of these trucks are currently in operation or expected to begin delivering this year. You may want to take this with a grain of salt, as the electric vehicle industry has become notorious for delays.
In terms of range, Tesla and Nikola are promising the highest figures (300+ miles), while the rest of the competition is targeting between 150 to 275 miles. It’s reasonable to assume that the Tesla and Nikola semis will be the most expensive.
Charge times are difficult to compare because of the variables involved. This includes the amount of charge and the type of charger used. Nikola, for example, claims it will take 2 hours to charge its Tre BEV from 10% to 80% when using a 240kW charger.
Charger technology is also improving quickly. Tesla is believed to be rolling out a 1 MW (1,000 kW) charger that could add 400 miles of range in just 30 minutes.
Use Cases of Electric Semi Trucks
Given their relatively lower ranges, electric semis are unlikely to be used for long hauls.
Instead, they’re expected to be deployed on regional and urban routes, where the total distance traveled between destinations is much lower. There are many reasons why electric semis are suited for these routes, as listed below:
- Smaller batteries can be installed, which keeps the cost of the truck lower
- Urban routes provide greater opportunities to use regenerative braking
- Quieter and cleaner operation in densely populated areas
An example of a regional route would be delivering containers from the Port of Los Angeles to the Los Angeles Transportation Center Intermodal Facility (LATC). The LATC is where containers are loaded onto trains, and is located roughly 28 miles away.
With a round trip totaling nearly 60 miles, an electric semi with a range of 200 miles could feasibly complete this route three times before needing a charge. The truck could be charged overnight, as well as during off hours in the middle of the day.
Hydrogen for Long Hauls?
We’ve covered the differences between battery and hydrogen fuel cell vehicles in the past, but this was from a passenger car perspective. The conclusion, in that case, was that battery electric has become the dominant technology. In terms of long-haul trucking, however, hydrogen may have an edge.
If we look at what will become mainstream, probably for smaller mobility it will be EVs, and fuel cells for larger mobility. That is the conclusion so far.
-Toshihiro Mibe, CEO, Honda
There are several reasons for why hydrogen could be beneficial for delivering heavy cargo over long distances. These are listed below:
- Refueling a hydrogen fuel cell takes less time than recharging a battery. Note, however, that charge times are still improving.
- A fuel cell configuration is typically lighter than an equivalent battery pack. Less drivetrain weight translates to a higher cargo capacity.
- Hydrogen-powered trucks could achieve a much higher range.
This last point hasn’t been proven yet, but we can reference Nikola, which is developing hydrogen-powered semi trucks. The company has two models in the works, which are the Tre FCEV with a range of 500 miles, and the Two FCEV with a range of 900 miles.
Keep in mind that these numbers are once again estimates and that Nikola has been accused of fraud in the past.
Who’s Using Electric Semi Trucks Today?
Although there are very few models available, electric semi trucks are indeed being used today.
In January 2020, Anheuser-Busch announced that it had received its 100th 8TT. The 8TT is produced by China’s BYD Motors and was one of the first electric semis to see real-world application. The brewing company uses its 8TTs to deliver products to retail destinations across California (e.g. grocery stores).
Another U.S. company using electric semis is Walmart. The retailer is trialing both the eCascadia from Freightliner and the Tre BEV from Nikola. The trucks are being used to pick up cargo from suppliers and then deliver it to regional consolidation centers.
Electrification
Charted: Lithium-Ion Batteries Keep Getting Cheaper
Cell prices have fallen 73% since 2014.
Lithium-Ion Batteries Keep Getting Cheaper
Battery metal prices have struggled as a surge in new production overwhelmed demand, coinciding with a slowdown in electric vehicle adoption.
Lithium prices, for example, have plummeted nearly 90% since the late 2022 peak, leading to mine closures and impacting the price of lithium-ion batteries used in EVs.
This graphic uses exclusive data from our partner Benchmark Mineral Intelligence to show the evolution of lithium-ion battery prices over the last 10 years.
More than Half of the Battery Price Comes from the Cathode
Lithium-ion batteries operate by collecting current and directing it into the battery during the charging process. Typically, a graphite anode attracts lithium ions and retains them as a charge.
During discharge, the cathode draws the stored lithium ions and channels them to another current collector. The circuit functions effectively because the anode and cathode do not come into direct contact and are suspended in a medium that facilitates the easy flow of ions.
Currently, 54% of the cell price comes from the cathode, 18% from the anode, and 28% from other components.
Declining Prices
The average price of lithium-ion battery cells dropped from $290 per kilowatt-hour in 2014 to $103 in 2023.
Year | Global Avg. Cell Price ($ per kilowatt-hour) |
---|---|
2014 | 290 |
2015 | 230 |
2016 | 180 |
2017 | 140 |
2018 | 128 |
2019 | 120 |
2020 | 110 |
2021 | 99 |
2022 | 129 |
2023 | 103 |
2024 (ytd) | 78 |
In the coming months, prices are expected to drop further due to oversupply from China.
Despite declining prices, battery demand is projected to increase ninefold by 2040, with the battery industry’s total capital expenditure expected to nearly triple, rising from $567 billion in 2030 to $1.6 trillion in 2040.
Lithium ion Battery Market Size | Global Capacity (Gigawatt hour) |
---|---|
2016 | 163 |
2017 | 219 |
2018 | 353 |
2019 | 496 |
2020 | 710 |
2021 | 1026 |
2022 | 1652 |
2023 | 2555 |
2024F | 3476 |
Learn More About Batteries From Visual Capitalist
If you enjoyed this post, be sure to check out this graphic that ranks the top lithium-ion battery producing countries by their forecasted capacity in 2030.
Electrification
Ranked: The Top Lithium-Ion Battery Producing Countries by 2030
Chinese companies are expected to hold nearly 70% of global battery capacity by decade’s end.
Top Lithium-Ion Battery Producers by 2030
Lithium-ion batteries are essential for a clean economy due to their high energy density and efficiency. They power most portable consumer electronics, such as cell phones and laptops, and are used in the majority of today’s electric vehicles.
This graphic uses exclusive data from our partner, Benchmark Mineral Intelligence, to rank the top lithium-ion battery producing countries by their forecasted capacity (measured in gigawatt-hours or GWh) in 2030.
China to Keep Dominance
Chinese companies are expected to account for nearly 70% of global battery capacity by 2030, delivering over 6,200 gigawatt-hours. Chinese giant Contemporary Amperex Technology Co., Limited (CATL) alone is forecasted to produce more than the combined output from Canada, France, Hungary, Germany, and the UK.
Country | 2030F capacity (GWh) | Top producers |
---|---|---|
🇨🇳 China | 6,268.3 | CATL, BYD, CALB |
🇺🇸 U.S. | 1,260.6 | Tesla, LGES, SK On |
🇩🇪 Germany | 261.8 | Tesla, Northvolt, VW |
🇭🇺 Hungary | 210.1 | CATL, SK On, Samsung |
🇨🇦 Canada | 203.8 | Northvolt, LGES, VW |
🇫🇷 France | 162.0 | Verkor, Prologium, ACC |
🇰🇷 South Korea | 94.5 | LGES, Samsung, SK On |
🇬🇧 UK | 66.9 | Envision, Tata |
Currently, China is home to six of the world’s 10 biggest battery makers. China’s battery dominance is driven by its vertical integration across the entire EV supply chain, from mining metals to producing EVs.
By 2030, the U.S. is expected to be second in battery capacity after China, with 1,261 gigawatt-hours, led by LG Energy Solution and Tesla.
In Europe, Germany is forecasted to lead in lithium-ion battery production, with 262 gigawatt-hours, most of it coming from Tesla. The company currently operates its Giga Berlin plant in the country, Tesla’s first manufacturing location in Europe.
Learn More About Batteries From Visual Capitalist
If you enjoyed this post, be sure to check out Charted: Investment Needed to Meet Battery Demand by 2040. This visualization shows the total capital expenditure (capex) requirements to build capacity to meet future battery demand by 2030 and 2040.
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