Altitude by Geotab Study Reveals Significant Potential for Truck Electrification
Data-Driven Insights Focus on U.S. Truck Stop Locations and Driving Range
ATLANTA, April 24, 2025 /CNW/ - While fleet efficiency is leading the drive towards electrification, questions remain about how to overcome some of the concerns around EV charging infrastructure and battery range for heavy-duty vehicles. A new Altitude by Geotab study analyzed 2024 aggregated data from connected commercial vehicles, revealing that 58% of medium-duty trucks and 41% of heavy-duty trucks may be ideally suited for electrification because they drive less than 250 miles between visits to their depots.
Fleets are increasingly seeking cost-effective solutions. Electric trucks offer lower fuel and maintenance costs, making them an attractive option for improving efficiency and sustainability. According to Geotab's recently launched Sustainability Report, the number of Geotab-connected EVs grew by 63% year-over-year and those commercial EVs traveled over 700 million miles (over 1 billion kilometers).
The Altitude study focused on medium-duty (Classes 3-6) and heavy-duty (Classes 7-8) trucks and data from driving patterns, routes, distances and stops to determine the feasibility of electric truck adoption and identify strategic locations for charging infrastructure.
Key Insights:
Shorter distances and charging needs: The study reveals 41% of heavy-duty trucks drive short distances (less than 250 miles), making them promising candidates for electrification. Understanding duty cycles and stop durations helps determine charging windows and infrastructure requirements.
Strategic infrastructure placement: Starting with depot-based charging provides a strong foundation, but understanding existing truck stop locations and truck driving behaviors is crucial to maximize the opportunity for wider electrification. But to scale effectively, we must understand where trucks already stop and how they move.
Collaboration is essential: Successful electrification requires close collaboration between fleet operators and utilities. Utilities need to anticipate and prepare for increased electricity demand and provide the necessary infrastructure to support electric truck adoption.
"The trucking industry is undergoing a significant transformation, driven by the need for efficiency, sustainability, and economic benefits," said Nate Veeh, AVP of Market Development at Altitude by Geotab. "Our analysis reveals that a substantial portion of medium- and heavy-duty trucks have daily driving patterns that are well-suited for electrification, where they wouldn't need to drive more than 250 miles between charges. By using data insights, utilities and other key stakeholders can pinpoint where truck concentrations are and understand their aggregate driving behaviors, to make informed decisions in terms of truck electrification and the subsequent demands on energy grids and location of EV charging networks."
About Altitude by Geotab
Altitude by Geotab is a leading provider of advanced mobility insights and solutions for public and commercial sectors across North America. Headquartered in Oakville, Ontario, the company leverages its expertise in data analytics to help decision-makers gain a comprehensive understanding of road network movements. By delivering reliable and contextualized insights, it enables improved planning capabilities and better financial outcomes, while maintaining data confidentiality and privacy. Our solutions drive safer, more efficient and more sustainable mobility throughout North America. Learn more at altitude.geotab.com and follow us on LinkedIn.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
an hour ago
- Cision Canada
THE BANFF WORLD MEDIA FESTIVAL AND PARAMOUNT+ IN CANADA ANNOUNCE 'SEASON TWO' RENEWAL OF BANFF SPARK: PRODUCERS EDITION
The Call for Applications will be announced in August, 2025 BANFF, AB and TORONTO, June 8, 2025 /CNW/ -- The Banff World Media Festival (BANFF) is pleased to announce that Paramount+ in Canada has renewed the BANFF SPARK Accelerator for Women in the Business of Media: Producers Edition for a second year. The program renewal was announced today during the opening ceremonies of the 46th edition of the Banff World Media Festival, taking place at the Fairmont Banff Springs Hotel from June 8-11, 2025. This national program is open to Canadian women, (including non-binary individuals), from across the country and is aimed at working toward gender parity in the media industry by supporting growth, investment, scaling, and sustainability of women-owned media companies. Twenty-five (25) women who own their own production outfits will participate in: a series of customized, virtual sessions covering high-level aspects of business strategy and planning, finance, and marketing best practices; one-on-one 'concierged' meetings with individuals, and curated sessions during the Banff World Media Festival. They will also benefit from a significant marketing and promotional campaign to help build their business profile in the industry. Participants receive a Banff World Media Festival pass, and a travel stipend to offset costs of attending the Festival. "Paramount+ in Canada has been an incredible and committed partner to advancing gender parity in our industry. This first-of-its-kind program has already generated positive career growth for more than 225 women participants by helping them form strategic partnerships, and hone their business skills. Despite the achievements and progress made, our industry still has work to do in breaking down barriers for women, and especially racialized women, to help them gain a foothold in the global marketplace," says Jenn Kuzmyk, Executive Director, Banff World Media Festival. "We are honoured to partner with Banff World Media Festival for a second consecutive year to continue the BANFF Spark Program: Producers Edition," said Vanessa Case, Vice President Content, Paramount+, Canada. "Investing in Canada's up and coming producers isn't just the right thing to do—it's a strategic imperative. Inclusive leadership drives innovation, improves decision-making, and ultimately reflects the audiences we serve." BANFF Spark provides business guidance, and a gateway to the Canadian and global film and television industry through the renowned Banff World Media Festival's (BANFF) conference and marketplace. Programmed through an intersectional lens, the initiative has a core mission to empower women of color, Indigenous women, women with disabilities, 2SLGBTQI+ women, and non-binary individuals to advance both domestically, and across the global media industry. This initiative is the eighth partnership Paramount+ in Canada has announced that reinforces its commitment to inclusivity. In addition to supporting the 2025 and now 2026, the streamer has announced partnerships with the 2024 Reelworld Summit, the, inkcanada to Connect Emerging Writers with Industry Allies; a collaboration with the; a collaboration with the Black Screen Office for the Black Creators Festival Initiative; a joint venture with BIPOC TV & Film and the National Screen Institute Partner for the new ELEVATE program; and partnerships with both The Shine Network Institute (TSNI) for the Indigenous Producers Budgeting Intensive and with the Pacific Screenwriting Program and the Indigenous Screen Office to Create the Indigenous Screenwriters Lab in 2024. About the Banff World Media Festival Now in its 46th year, the Banff World Media Festival (BANFF) and the Rockie Awards host one of the most important global conferences and content development marketplaces - gathering top creators, producers, showrunners, talent, networks, studios, streamers, press and media companies. BANFF's intimate, retreat-style event serves as a leading destination for development, co-production and co-venture partners and offers an unparalleled opportunity for international decision-makers to connect, map the future of the industry, and execute new business deals. Summit Series keynotes, Master Classes and renowned Showrunner Superpanels feature the industry's most inspiring creative and business leaders and give global profile to the most talked-about shows. The Rockie Awards recognize the best content and most influential entertainment industry executives, talent and creators in the world. BANFF continues to deliver important fellowships and initiatives including: the BANFF Spark Accelerator for Women in the Business of Media: Producers Edition, the Netflix-BANFF Diversity of Voices Initiative, and the Indigenous Screen Summit and Pitch Forum. Together these programs have provided more than 1000 opportunities for under-represented professionals in the Canadian media industry. For more information on the Banff World Media Festival, click here. @banffmedia #BANFFMediaFestival #ROCKIEAWARDS About Paramount+ Paramount+ is a global digital subscription video streaming service from Paramount that features a mountain of premium entertainment for audiences of all ages. Internationally, the streaming service features an expansive library of original series, hit shows, and popular movies across every genre from world-renowned brands and production studios, including SHOWTIME®, CBS, Comedy Central, MTV, Nickelodeon, Paramount Pictures, and the Smithsonian Channel™, in addition to a robust offering of premier local content. The service currently lives in the U.S., Canada, the U.K., Australia, Latin America, the Caribbean, Austria, France, Germany, Ireland, Italy, Switzerland and Japan.
Globe and Mail
a day ago
- Globe and Mail
A Little Bad News for Rivian and Lucid
Rivian (NASDAQ: RIVN) and Lucid Motors (NASDAQ: LCID) entered 2025 in different gears. Rivian was entering a year with no major vehicle launch, stagnating deliveries, and a lack of any visible catalysts, while Lucid has strung together six consecutive quarters of record deliveries and is ramping the production of its new Gravity SUV. One thing they both have in common is a growing, albeit more slowly than hoped, electric vehicle (EV) market. Here's the bad news: Some recent data says that the EV market sentiment looks to be souring. Survey says Tesla changed the game when it made EVs "cool" for the first time. Since then, the hype surrounding EVs as the future of transportation has swept the globe, in some countries (like China) faster than in others. But according to a recent survey, that hype could be in decline in the U.S. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Interest in EVs spiraled to its lowest level since 2019, according to a consumer survey commissioned by AAA. Only 16% of respondents reported being "likely" or "very likely" to purchase an EV as their next vehicle, signaling consumer caution. The percentage of respondents who indicated they would be "unlikely" or "very unlikely" to purchase an EV as their next vehicle jumped from 51% to 63%, the highest mark since 2022. The percentage who believe that most cars will be electric within the next decade fell from 40% in 2022 to 23% this year. Not only is interest in EVs down, there's also the lingering pessimism surrounding battery repair costs, total costs, and charging infrastructure -- a story as old as EVs themselves. More specifically, 62% of respondents noted high battery repair costs as a main reason for avoiding going electric, while purchase price was cited by 59% of respondents. The hesitation when it comes to purchase price is understandable. The average transaction price for a new EV in March was $59,205, far higher than the overall average transaction price of $47,462, according to data from Cox Automotive. As far as consumer concerns go, 56% of respondents had the fear of running out of charge while driving, and 55% noted a lack of convenient public charging stations. Pulling support The waning consumer sentiment goes hand in hand with the Trump administration's effort to pull support from the EV industry. House Republicans passed a budget bill on May 22 that will reduce federal incentives for battery manufacturing, as well as other clean energy projects. If the Senate approves it, it would cut the section of the bill that provides the $7,500 EV tax credit. The administration took it a step further, as the bill also institutes a new tax of $250 for EV owners and $100 for hybrid owners. The tax contributes to the Highway Trust Fund to support infrastructure. What it all means Investors would be wise to temper growth expectations for the EV industry this year, especially with tariff uncertainty hanging over the automotive industry. That's especially true considering that first-quarter data could give a different impression. EV registrations grew 16%, according to S&P Global Mobility, and market share rose from 6.9% to 7.7%, year over year. There was a demand pull-ahead effect due to people predicting that the tax credit would soon disappear. Rivian, which is currently waiting anxiously for the R2 launch, lacks momentum in 2025 and could use broader industry strength to boost its stock price. Investors who believe in Rivian long-term should keep their eyes open for a buying opportunity this year. For Lucid investors, while this decline in consumer sentiment isn't ideal, the company has plenty of self-driven momentum thanks to quarters of record deliveries. The company is currently ramping up production and deliveries of the new Gravity SUV EV, which will continue driving total deliveries higher throughout the year. For these two young automakers, the broader industry's health is important. The simple truth is that people aren't taking to EVs in the U.S. as quickly as investors had hoped. Should you invest $1,000 in Rivian Automotive right now? Before you buy stock in Rivian Automotive, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Rivian Automotive wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor 's total average return is792% — a market-crushing outperformance compared to171%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Daniel Miller has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy.
Cision Canada
a day ago
- Cision Canada
Prime Minister Carney announces Canada's G7 priorities ahead of the Leaders' Summit Français
OTTAWA, ON, June 7, 2025 /CNW/ - Fifty years ago, in the face of upheaval and geopolitical tensions, a small group of advanced economies formed what is now the G7 – a forum for co-operation, stability, and shared prosperity. In 2025, as global challenges intensify, the G7 must meet this moment with purpose and with force. Today, the Prime Minister, Mark Carney, announced the priorities that will guide Canada's 2025 G7 Leaders' Summit, to be held in Kananaskis, Alberta, from June 15 to 17, 2025. Anchored in building stronger economies, Canada will seek agreements and co-ordinated action on three core missions: Protecting our communities and the world – strengthening peace and security, countering foreign interference and transnational crime, and improving joint responses to wildfires. Building energy security and accelerating the digital transition – fortifying critical mineral supply chains and using artificial intelligence and quantum to unleash economic growth. Securing the partnerships of the future – catalyzing enormous private investment to build stronger infrastructure, create higher-paying jobs, and open dynamic markets where businesses can compete and succeed. Other discussions will include a just and lasting peace for Ukraine and other areas of conflict around the world, and a forward-looking agenda that engages partners beyond the G7, recognizing that our long-term security and prosperity will depend on building coalitions with reliable partners and common values. Quote "Canada has what the world wants and the values to which others aspire. The G7 Leaders' Summit in Kananaskis is a moment for Canada to work with reliable partners to meet challenges with unity, purpose, and force. Canada is ready to lead." — The Rt. Hon. Mark Carney, Prime Minister of Canada Quick Facts This is the seventh time that Canada has held the Presidency of the G7. This year's Leaders' Summit in Kananaskis, Alberta, will take place on the traditional territory of the Blackfoot Confederacy Nations of the Kainai, Piikani, and Siksika, and the Stoney Nakoda Nations comprised of the Bearspaw, Chiniki, and Goodstoney First Nations, and the Tsuut'ina First Nation. We also acknowledge the Otipemisiwak Métis People and Government who reside on this territory and all people who make their homes in the Treaty 7 region of Southern Alberta. This document is also available at SOURCE Prime Minister's Office
