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← Newsroom/EVs & hybrids

Electric mining trucks can beat diesel on cost even with fuel tax credit

Compiled by ADME Newsroom from 1 source

First reported by The Driven · 13 November at 1:09 pm

Who's covering this — 1 article

EV specialists
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Image: The Driven

The quick read

Full coverage

The Driven·EV specialists·13 November at 1:09 pm

Electric mining trucks can beat diesel on cost even with fuel tax credit

Accela Research modelling finds electric mining trucks can cost less to own and operate over ten years when diesel prices spike, even with Australia’s fuel tax credit in place. The post Electric…

Read at The Driven →

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The quick read

  • Accela Research modelling shows electric mining trucks can be cheaper to own and operate than diesel over ten years
  • Diesel price spikes make electric mining trucks a more cost-effective option
  • Australia's fuel tax credit does not prevent electric mining trucks from being cost-competitive
  • Electric mining trucks can save costs even with the fuel tax credit in place

For dealers: Australian dealers should take note of the cost savings potential of electric vehicles in the mining sector

AI-assisted summary of the coverage below — check the original reporting before relying on specifics.

ADME commentary

The ADME angle

Electric mining trucks beating diesel on cost is a wake-up call for the entire automotive industry, as it shows that EVs can be cost-competitive in sectors with high fuel consumption

Cost savings in the mining sector

The fact that electric mining trucks can save costs even with the fuel tax credit in place means that dealers should be prepared to discuss the total cost of ownership with mining industry customers

This could lead to increased demand for electric vehicles in the mining sector, which would require dealers to adjust their stock and ordering to meet this new demand

Impact on stock and ordering

Dealers who are prepared to meet the demand for electric mining trucks will be at an advantage, as they will be able to offer customers a cost-effective solution that meets their needs

The cost savings potential of electric mining trucks also means that dealers may be able to negotiate better prices with OEMs, which could lead to increased margins

Taking action

This week, dealers can start by researching the electric vehicle options available for the mining sector and reaching out to OEMs to discuss pricing and stock availability

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