CHARGING & COASTING
Rumors are floating about that non-compliance with President Obama’s most recent GHG (Green House Gas) Emissions rules will be $28,000 per day per truck-trailer out of compliance. The timing is unlucky as just last week, orders for large trucks plunged 37% to the lowest level since 2007, while at the same time, the U.S. Government reduced its estimates for GDP growth from 1.6% to 0.1%, a slim margin removed from recession levels. Wholesale inventories fell 0.5%, sales fell 0.2%, and people across the nation are looking for the "Dip Ahead" sign. $28,000 per day is a steep price to pay in a bear market, so we're focused on helping you avoid those costs altogether.
The Obama administration along with the Department of Transportation (DOT) and the Environmental Protection Agency (EPA) have mandated that heavy trucks and trailers will need to be 24% more fuel efficient than currently published standards by 2018. These improvements are projected to cost $12,000 for each and every Class 8 truck. On the bright side, the resulting reductions in GHG emissions will rival the annual energy consumption of every U.S. home, even as the total oil savings would amount to a year’s worth of U.S. imports. Thus far, the 2015 proposal remains substantially unchanged – it is likely fleets will be required to equip trailers that improve the fuel economy of the trucks pulling them.
In the fall of 2015, the Hyliion team met with DOT officials who endorsed our suspension technology as the only stand-alone improvement capable of surpassing updated guidelines. Other solutions can be combined for compliance, but:
- What are mixed fleets to do? Fleets with a high concentration of regional or local work may not see sufficient payback, as their trucks do not operate at highway speeds.
- What are Californians to do? More areas are proposing lower speed limits, which reduces the effectiveness and ROI of ‘aero’ devices.
- What are fleets with high trailer-to-tractor ratios to do? They will need to equip all their applicable trailers regardless of annual mileage, wasting capital on unused improvements.
- What are lessees to do? Not all owners are operators. The leasing companies which own the trailers may not have operational incentives to equip their fleet appropriately, while fleet operators will have to foot the bill for compliance improvements.
With more than 6 Million trailers registered in the U.S., the Hyliion system can be installed on nearly every trailer type in less than one hour and save the average driver $1,300 per trailer per month. And with those GDP growth numbers coasting downhill in the headlines – charging up $1,300 per month in the bank account is sure to come in handy.