The war on EVs is far from over, but signs of electrification victory are already emerging as the war in Iran continues to push the cost of fuel through the roof. The latest examples come from the politically blue East Coast states of New York and New Jersey along with the similarly blue West Coast states of California, Oregon, and Washington, where plans are in the works to stimulate more activity in the electric truck field.
Electric Trucks Save Big Bucks
In a last-ditch effort to distract the public from his war in Iran, the Epstein files, and a growing list of grifty corruption scandals, US President Donald Trump has finally decided to…change his hair. True fact. Over the Labor Day weekend, the President transitioned from Beach Boy Blonde to Fred Trump Brown. That distracted the media to some extent, but one bottle of Nice ‘n’ Easy won’t push down the price of diesel, which hit a record high of $5.85 per gallon on September 4 according to the AAA gas price tracker.
Against this backdrop, stakeholders in the electric truck field are licking their chops. Back in 2021, when diesel prices spiked during the COVID crisis, the University of California-Berkeley ran the numbers and came up with a figure of 13% savings to run a long haul electric truck compared to diesel, with a drop in the cost of batteries contributing to a lifetime savings of up to $200,000.
