In a new report, “Making Zero Emissions Trucking Possible: An industry-backed, 1.5°C aligned Transition Strategy,” backed by industry leaders, the Mission Possible Partnership (MPP) has released a transition strategy outlining how the heavy-duty trucking sector can reach zero emissions by 2050. This report details a future of zero-emissions trucks and a rapid roll-out of supporting infrastructure. With trucking demand in China, Europe, India, and the United States expected to more than double by 2050, the need for quick action is clear.
Endorsed by major global players involved in MPP’s Road Freight Zero coalition, including ABB, DP DHL Group, and IKEA Supply, MPP’s Trucking Sector Transition Strategy provides a shared vision for the industry’s low-carbon future, detailing real economy milestones for not just 2050, but also for the near-term.
By creating a comprehensive transition strategy, this multi-dimensional report addresses the current landscape of efforts and the progress that will need to take place in both the near and long term. By outlining a range of decarbonization options including technology readiness, availability, applicability, cost, and resource efficiency, this report provides a tangible roadmap for change.
MAKING TRUCKING DECARBONISATION POSSIBLE
With trucking demand surging globally, it is increasingly clear that this is an important sector to decarbonise. A swift, decisive move to zero-emissions trucks and a rapid rollout of infrastructure are needed to achieve net zero by 2050. Some key insights unveiled in the transition strategy include:
- ZE (Zero Emissions) trucks will be cheaper to run than diesel equivalents. Already, operational green EV fleets have achieved substantial savings. Most ZETs will achieve superior Total Costs of Ownership (TCO) between 2022 and 2033.
- Policy is another means to achieve zero emissions from trucking by 2050. Strategies to coordinate the supply of ZE vehicles and refueling infrastructure will prevent a cumulative 6-13 Gt of CO2e emissions
- Achieving zero-emissions trucking is cheaper than continuing to burn fossil fuels. Higher vehicle costs will be more than recouped through lower operating costs
- Financing the transition in developing economies will require more capital, creating an opportunity for global climate finance to enable a worldwide transition to net zero
- Innovative business models and financing instruments can leverage ZETs’ lower operating costs in order to mobilize capital to pay for their purchase
- Operators need more public charging and hydrogen stations, a more mature ZET production value chain, and enough grid power for both charging and hydrogen (H2) production
The full report is available here.