Trump Lowers Fuel Efficiency Standards, Making Diesel Cheaper
Our data suggests a correlation between the number of EV trials and recent changes in US regulation surrounding heavy trucks. In early December, President Trump lowered the standards of the amount of pollution cars and trucks can emit.
This change made diesel trucks cheaper for logistics businesses, because they would no longer need to purchase expensive and complex emission-reduction technology alongside them.
Therefore, it becomes more cost-effective for professionals to invest in diesel, and makes the prospect of adopting EVs much more expensive comparatively.
Not only is the upfront cost of diesel trucks compared to EVs far less, but it also can take years of investment and use for businesses to actually see return-on-investment.
