Financing of Schneider’s Electric Truck Fleet
A Schneider National news release explained the background of how the all-electric trucking fleet and charging infrastructure came about:
Funding for 50 of Schneider’s battery electric trucks was made possible by the Joint Electric Trucks Scaling Initiative, the first battery-electric truck project jointly funded by the California Air Resources Board and the California Energy Commission, which together awarded the project $27 million.
Additional funding was provided by South Coast Air Quality Management District, Mobile Source Air Pollution Reduction Review Committee, the Port of Los Angeles, and Southern California Edison. The JETSI project is part of California Climate Investments, a statewide initiative that puts billions of cap-and-trade dollars to work reducing greenhouse gas emissions.
For the additional 42 trucks outside the JETSI project, five are funded by the U.S. EPA FY18 Targeted Airshed grant and Hybrid and Zero-Emission Truck and Bus Voucher Incentive Program (HVIP), seven are funded by the Volkswagen Environmental Mitigation Trust, and 30 trucks are funded by HVIP.
Schneider worked alongside Daimler Truck North America as the eCascadia evolved, piloting a truck for six months in 2019-2020 through Freightliner’s customer experience fleet, with funding from South Coast AQMD.
When fully operational, Schneider’s 92 BETs will have the potential to avoid more than 81,000 pounds of carbon dioxide emissions per day. Over a year, that equals removing 2,400 gasoline-powered cars from the road. Each day these zero-emission trucks will accelerate the company’s progress toward its goal of reducing CO2 emission by 7.5% per mile by 2025 and a 60% per mile reduction by 2035.