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High Diesel Prices Do Little to Speed Adoption of Alt-Fuel Trucks

April 29, 2022

Record high diesel fuel prices are creating some painful sticker shock moments at the pump for truck lines and shippers. Yet, those rising costs aren’t necessarily driving a dramatic uptick in adoption of alternative-fueled vehicles in the Class 8 heavy-truck sector.

As demand certainly remains steady, at least one analyst estimate forecasts that manufacturers are currently sitting on an order book of some 140,000 units for commercial battery-electric trucks alone. Furthermore, ACT Research reported in April that sales of heavy-duty Class 8 natural gas trucks — as reported by the six major truck manufacturers who account for some 60% of the market — climbed 21% year to date for the first two months of 2022 compared to the same period last year.

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