Net Zero Industry Tracker 2024

CapitalTRUCKING Achieving net-zero emissions in the trucking industry by 2050 will require substantial financial investment. An estimated $9 trillion279 in additional cumulative investments is needed by 2050, which translates to an annual investment of $320 billion until 2050. This is a significant increase from the current annual capital expenditure (CapEx) of $286 billion in the trucking sector. These investments will be crucial for scaling up clean energy infrastructure, developing zero-emission vehicle technologies, and transitioning to alternative fuels like hydrogen and electricity. This funding will support the expansion of BETs and hydrogen fuel cell trucks, and the development of refuelling and charging networks. Without this financial commitment, the industry will struggle to meet its emissions-reduction targets and the growing demand for sustainable transportation. Investments required by the sector and enabled by the ecosystem FIGURE 40 Enabled by the ecosystem (around 34% of total investments)Investments by the sector (around 66% of investments)Approximately $9 trillion required in investment by 2050 BETs HETs Biofuels and biogasScale manufacturing and battery technology Invest in battery recycling for sustainable disposal Improve battery energy density to increase hauling and/or range performance Develop fuel cell technology to reduce costs Increase production of hydrogen fuel cell trucks Enhance hydrogen storage technologies for safety and efficiency Modify engines to run on biofuels effectivelyExpand grid capacity for increased electricity demand Integrate renewable energy for powering charging stations Expand hydrogen refuelling station networks Produce green hydrogen from renewable sources Develop sustainable feedstock for biofuelsBuild rapid charging infrastructure for heavy trucks Source: Accenture analysis based on data from MPP . Net-Zero Industry Tracker: 2024 Edition 71