Saturday, November 23, 2024

New TravelCenters of America Survey Finds that Trucking Fleets Plan to Invest in EV and Hydrogen Vehicles to Meet Decarbonization Goals

Leaders of the largest U.S. trucking fleets are moving forward with planning and investment in fleets powered by sustainable fuels, according to a new survey released today by TravelCenters of America Inc. Fleet companies have begun making investments in electric and hydrogen powered vehicles and expect to continue to do so in the next few years.

The survey was released as part of a new white paper from eTA, TA’s sustainability business unit, called “Sustainable Fuels in Trucking: The Greening of America’s Trucking Industry.” View the white paper here: https://tatransformation.com/alternative-energy-sustainability/

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“This white paper, the first in a series about the trucking industry’s transition to sustainable fuels and TA’s role in that process, identifies the key challenges the industry is facing and the support it will need from federal and state governments to be successful,” said Jon Pertchik, Chief Executive Officer of TravelCenters of America. “One of the key findings is that many companies are hesitant to fully commit to alternative energy vehicles until the technology and infrastructure have matured enough for them to maintain efficient operations during the transition period and beyond. With the current range of EV and hydrogen-powered heavy-duty trucks, fleet leaders want to see a substantial number of available fast-charging and/or refueling stations before making larger investments in new vehicles. TA plans to be a leader in providing EV charging stations and hydrogen refueling for trucks at its over 275 travel centers as the industry adopts these sustainable fuels.”

TravelCenters of America Inc. (Nasdaq: TA) is the nation’s largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its more than 18,000 team members serve guests in over 275 locations in 44 states, principally under the TA®, Petro Stopping Centers® and TA Express® brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, travel stores, car and truck parking and other services dedicated to providing great experiences for its guests. TA is committed to sustainability, with its specialized business unit, eTA, focused on sustainable energy options for professional drivers and motorists, and leverages alternative energy to support its own operations. TA operates over 600 full-service and quick-service restaurants and nine proprietary brands, including Iron Skillet® and Country Pride.

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