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North American Electric Truck Charging Infrastructure - Revenue Opportunities

  • Report
  • 75 Pages
  • May 2022
  • Region: North America
  • Frost & Sullivan
  • ID: 5596057

Transformational Growth of Revenue due to 130TW Electricity Consumption by 2030

By 2030, more than half the trucks operating in North America are expected to be powered by an electric powertrain. Light-duty vehicles are forecasted to be the early adopters, with nearly 86% share of the EV truck market in 2030. Among several EV truck charging types, AC & DC charging are expected to be the most adopted in North America. Level 2 (20kW) to Level 5 chargers (350kW) will be the predominant charging solutions in this decade, with even higher charging power developed by the end of the decade.

The charging infrastructure value chain must be robust and efficient to meet this demand. It starts from energy generation, followed by storing and energy distribution through transmission & distributor operators to reach various hubs, after which charging stations are installed in private/public hubs to offer charging services to customers. Multiple participants are involved actively in different parts of the value chain to cater to the charging requirement of the increasing number of electric trucks in operation. These broadly can be classified as portfolio, asset-heavy charging infrastructure, asset-light, and participants who provide charging infrastructure as a service.

To ensure that the truck operation is not affected by charging infrastructure availability, destination, depot, and en route charging are available. The choice within this will depend on each truck’s operation.

For a charging operator, setting up a charging station involves several costs, such as equipment, installation, rental, maintenance, and electricity. Depreciation, marketing, and taxes are additional costs that depend on the charging operator and installed location.

The 3 major revenue models for a charging operator are asset-heavy, asset-light, and a combination of the two. The choice between these models depends on the charging operator’s investment potential and the competitive landscape of the location. EV trucks will consume 130TW of electricity by 2030; 440k to 540k chargers are required to cater to this. Charging operators have several revenue opportunities to capitalize on in this decade.

Table of Contents

1. Strategic Imperatives

  • Why is it Increasingly Difficult to Grow?
  • The Strategic Imperative 8™
  • The Impact of the top Three Strategic Imperatives on Electric
  • Growth Opportunities Fuel the Growth Pipeline Engine™

2. Growth Environment

  • Electric Trucks in Operation, 2022, 2025, and 2030
  • Types of Charging Solutions
  • Electric Vehicle Charging Infrastructure Value Chain
  • Participants Involved in the Charging Infrastructure Value Chain
  • Types of Charging during Truck Operation
  • Charging Infrastructure - Costs Incurred in Installing a Charging Station
  • Charging Infrastructure - Revenue Models for Charging Operators
  • Research Scope
  • Research Aims and Objectives
  • Powertrain Technology Segmentation
  • Growth Drivers
  • Growth Restraints
  • Flow of the Study

3. Section 1 - Depth of Discharge, Charging Time, and Energy Consumption

  • LDT - Depth of Battery Discharge and Frequency of Charging
  • MDT - Depth of Battery Discharge and Frequency of Charging
  • HDT - Depth of Battery Discharge and Frequency of Charging
  • Charging Scenarios based on Truck Operation
  • LDT - Charging Time based on Different Levels of Chargers
  • MDT - Charging Time based on Different Levels of Chargers
  • HDT - Charging Time based on Different Levels of Chargers
  • LDT - Charger Level Preference Depending on Charging Time
  • MDT - Charger Level Preference Depending on Charging Time
  • HDT - Charger Level Preference Depending on Charging Time
  • LDT, Energy Consumption based on Level of Charger
  • MDT, Energy Consumption based on Level of Charger
  • HDT, Energy Consumption based on Level of Charger

4. Section 2 - Utilization Level & Number of Chargers Required

  • Utilization Levels - Low & High Utilization Scenarios
  • Total Chargers Required - Low Utilization & High Utilization Scenarios

5. Section 3 - Revenue Potential for Different Business Models

  • Revenue Models for a Charging Operator

6. Section 3.1 - Model 1, Cost & Revenue Potential

  • Level 2 Charger, Costing Model for 1 Charging Station
  • Level 3 Charger, Costing Model for 1 Charging Station
  • Level 4 Charger, Costing Model for 1 Charging Station
  • Level 5 Charger, Costing Model for 1 Charging Station
  • Level 2 Charger, Revenue Potential for 1 Charging Station
  • Level 3 Charger, Revenue Potential for 1 Charging Station
  • Level 4 Charger, Revenue Potential for 1 Charging Station
  • Level 5 Charger, Revenue Potential for 1 Charging Station

7. Section 3.2 - Model 2, Cost & Revenue Potential

  • Cost Model for a Charging Operator - Model 2 Operation
  • Revenue Potential for a Charging Operator - Model 2 Operation

8. Section 3.3 - Model 3, Cost & Revenue Potential

  • Cost Model for a Charging Operator - Model 3 Operation
  • Revenue Potential for a Charging Operator - Model 3 Operation

9. Conclusion

  • Summary - Energy Consumption & Number of Chargers Required
  • Summary - Revenue Model Comparison
  • Key Takeaways

10. Growth Opportunity Universe

  • Growth Opportunity 1 - Competence of Charging Technology Vital for Market Growth
  • Growth Opportunity 2 - Expanding Revenue Opportunities for Value Chain Participant Growth
  • Growth Opportunity 3 - Inbuilt Charging Solution in Fleet Yard for Better Fleet TCO
  • List of Exhibits
  • Legal Disclaimer