Efficiency and meeting deadlines are the top priorities for any transportation or logistics company. In an effort to meet these priorities and compete in a highly competitive industry, some business owners take risks others may not be willing (or able) to take.
For instance, some of the largest logistics and transportation companies in North America are spending tens and even hundreds of thousands of dollars to reserve heavy-duty electric trucks from Tesla.
The benefits and potential risks of electric trucks
If everything that electric truck makers like Tesla promise occurs, then companies that utilize electric vehicles in their fleet could expect to save considerable amounts of money in fuel and operating costs. According to reports, Tesla models could be roughly 20 percent less expensive than diesel fuel trucks.
However, that is assuming that the trucks perform as expected, which remains to be seen.
Further, there could be issues to consider if the trucks are able to travel as far as expected in terms of complying with federal regulations, including equipment inspection as well as Hours of Service. Recently released details on the Tesla electric model note that the vehicle does not have space for sleeping.
Having said all this, the potential benefits of the trucks currently seem to far outweigh the potential risks, and some of the largest companies are eager to put their money on the future of electric fleets.
What readers can take away from this
As logistics and transportation companies increasingly invest in new technologies to gain a competitive edge, it can be crucial that they consistently assess their impact on the business and avoid costly mistakes. Innovative tools and solutions are certainly exciting, but they can also lead to unforeseen challenges and consequences with regard to compliance, employment, and contractual obligations.
As such, it can be wise to seek legal counsel when operations, resources, and procedures change.