CEO Tim Krauskopf: Electrification is Coming for Mid-Size Fleets

Electrification is coming for mid-size fleets, but are businesses prepared? Looking ahead to 2023, the pressure is on, but so are incentives to help mitigate costs. Electric vehicle (EV) tax credits bolstered by the Inflation Reduction Act will be up for grabs; the United States will make strides toward its global commitment of 100% zero-emission medium duty truck sales by 2040; and Californians will gear up for the Advanced Clean Truck regulations to kick off, requiring manufacturers to sell an increasing percentage of zero-emission trucks starting in 2024. Immediately following will be Advanced Clean Fleet regulations, which will likely mandate all operating medium-duty trucks to be electric by 2035 and 50% of them by 2031.