Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing, and life cycle cost management (LCCM), made available today its latest industry white paper addressing “The Future of Heavy-Duty Trucks; Building a bridge to alternative energies for U.S. long haul transportation - the backbone of our national supply chain” to celebrate World Environment Day.
Fleet Advantage says the report discusses today’s facts about electric batteries and hydrogen fuel cells, and other alternative energies and addresses actionable strategies that help companies with transportation fleets achieve ESG (Environment, Social, Governance) goals while bridging their plan to a future of alternative energy technology.
Fleet Advantage states it is proud to unveil its latest report to help raise awareness of World Environment Day (June 5). Led by the United Nations Environment Programme (UNEP) and held annually since 1973, the event has grown to be the largest global platform for environmental outreach, with millions of people from across the world engaging to protect the planet.
The topic of alternate fuel and engine technologies has been strongly contested recently, with experts weighing in on the right strategy for all modes of transportation. Private and For-Hire fleets have an interest in adopting zero-emission (ZET) alternatives, but there remain significant concerns for near-term opportunities.
According to the American Transportation Research Institute (ATRI), “adoption of these vehicles does offer challenges, including significant changes to freight business models and considerably higher overhead costs in the near-term. Some trucking companies will simply not be able to use today’s ZET technologies as part of their operations.”
In the report, Fleet Advantage experts illustrate a desired “bridge” approach by leveraging today’s readily available clean-diesel technology into tomorrow’s alternate fuel options. This will allow companies to lead with the appropriate ESG strategy supported by strategic industry partners, companies with experience, and heavy-duty fleets that can meet today’s need for transport infrastructure while serving as leaders to the future.
“Every industry is in favor of clean energy, and alternate fuel and zero-emission technologies are clearly the future,” says Brian Holland, president and CFO, Fleet Advantage. “The absolute prudent strategy for today and the foreseeable future is to bridge over to zero-emission through today’s accessible clean diesel, which has made significant strides in lowering carbon output levels in even the most heavily-trafficked transportation networks.”
The company says the report also addresses several critical areas, including:
- The economics of deploying EV technology today and their net benefit compared to diesel internal combustion engines
- The logical approach – create a bridge to future energy alternatives
- Pros and Cons of today’s alternate fuel technologies
- The benefits of clean diesel technology
- Innovative truck replacement programs
- The future of alternate fuel technology