Heavy-Duty Vehicle Electrification

In partnership with an international climate organization, we conducted an extensive study on the localization of powertrain and battery production for heavy-duty vehicles. Our findings included

Estimated the market for electric heavy-duty vehicles will grow to $10 billion by 2025, emphasizing the importance of local manufacturing.

Engaged with over 100 stakeholders, including manufacturers and suppliers, to assess the potential for localization up to Tier 3 levels.

Identified that localizing battery production could reduce costs by 15-20%, significantly enhancing competitiveness.