Electrification of Canada’s heavy-duty vehicles may yield benefits earlier rather than later – report

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“Electric vehicles are expected to play a significant role in enabling companies to decarbonize their commercial fleets and reduce emissions at a competitive cost,” the report reads. “According to the International Energy Agency’s projections, EVs will comprise nearly 100% of commercial vehicle sales by 2050 in a net-zero scenario—compared to just 0.1% in 2020.”

In the view of the experts at Deloitte, it is important for organizations looking to reduce their emissions to move quickly when it comes to electrification. They believe that operators that are already working to electrify their fleets are better positioned to capture an important competitive advantage—and more market share—as their business customers increasingly shift to more carbon-efficient commercial transport providers to reduce their Scope 3 emissions.

Switching to EVs is also seen as a way to shelter companies from fluctuating gas and diesel…

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