Leaders.com
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
Environment

EV trucks are going to require alot of power (AaronP/Bauer-Griffin/GC Images)

By Tyler Hummel Leaders Staff

Tyler Hummel

Tyler Hummel

Tyler Hummel is a news writer for Leaders Media. He was the Fall 2021 College Fix Fellow and Health Care...

Full bio


Learn about our editorial policy

May 31, 2023

EV Truck Stops Will Need a Shocking Amount Of Power

A recent study shows that electric vehicle (EV) semi-truckers could turn highway truck stops into major power stations to fuel up the large vehicles. 

Key Details

  • A November study from National Grid PLC finds that electrifying gas stations will require as much power as a sports stadium, and truck stops will require the power of a small town by 2035. 
  • Researchers were surprised by the results and the realities that a damaging infrastructure will create, Bloomberg reports. 
  • Connecting to the power grid can require five megawatts and costs tens of millions of dollars. 
  • $1.2-billion in EV investments have been made in the past year, and the Biden administration has already committed to expanding the charging network.

Why It’s Important 

The global economy has significantly shifted in the past year as it attempts to redirect from fossil-fuel consumption to clean-energy solutions. Chief among these concerns is the issue of gas-powered vehicles, which major automakers have been directed to progressively phase out by 2035 in favor of EVs. 

However, the size and complexity of the transition are beginning to cool expectations. Leading industry figures at Toyota have repeatedly argued that the transition needs to be handled more measuredly, with hybrids and gas-powered vehicles having a role to play for less affluent consumers. Global supply chains are currently not in a place where EVs can be mass-produced with current supplies of raw materials, and most consumers cannot afford them. 

Tesla has been working for several years to develop an EV semi-truck that can be competitive in the automobile market, but it has faced several challenges and delays. Such a truck will also face difficulties in the shipping market, as EVs require constant charging every few hundred miles. The shipping industry is handled by truckers permitted by the Department of Transportation to drive 10 to 12 hours daily, which could create a difficult and slow adoption process. 

As we previously reported, the existing EV charging infrastructure is insufficient. Tesla’s network of 17,000 charging stations is the largest in the country, but it is far below the Biden administration’s goal of 500,000. Many existing charging stations have a failure rate as high as 21.4%. 

Notable Quote 

“It’s not like plugging in a toaster. If you put 50 trucks somewhere, that is basically equivalent to a factory. Utilities know how to build factories, but it’s the process, and sequencing required that’s scary to me. Utilities need to be starting half a decade ahead of the trucks in order to not be bottlenecking the transition to electric trucks,” says RMI Energy Research Institute analyst Dave Mullaney.

Home / News / EV Truck Stops Will Need a Shocking Amount Of Power
Share
FacebookTweetEmailLinkedIn

Related Stories

Seattle Takes The Crown For Advanced Tech Talent

by PJ Howland Leaders Staff
Tech

Oct 24, 2023

Seattle tech talent

Seattle has emerged as the metro area with the most advanced tech talent, beating out tech hubs like San Francisco and Silicon Valley.

Key Details

  • According to a new ranking by the Burning Glass Institute, Seattle has the highest proportion of advanced tech workers compared to other cities with similarly sized tech workforces.
  • The ranking evaluated 60 million high-paying, in-demand tech job postings and histories to identify cities with cutting-edge roles like AI and cybersecurity rather than legacy tech positions.
  • With tech giants Amazon and Microsoft headquartered in Seattle, the city edged out the San Francisco Bay Area, Boston, Austin, and Raleigh on the list.
  • The report found that demand for software developers and IT support specialists has declined over the past five years as companies seek more specialized tech talent.

Go deeper

FacebookTweetEmailLinkedIn

More Americans Can’t Keep Up With Car Payments

by Colin Baker Leaders Staff
Loans and Borrowing

Oct 23, 2023

car loans, used cars

A record number of Americans are behind on their car loan payments as higher interest rates and prices weigh on consumers.

Key Details

  • According to data from Fitch Ratings, 6.11% of car loans were at least 60 days delinquent in September, the highest since tracking began in the early 2000s.
  • Some interest rates on used cars can rise to as much as 21%, according to Bankrate.
  • Soaring prices and rising interest rates are squeezing consumers, making it difficult for some to keep up with their auto loans.

Go deeper

FacebookTweetEmailLinkedIn

Chevron Makes $53 Billion Deal Amid Surging Gas Prices

by PJ Howland Leaders Staff
Markets

Oct 23, 2023

Chevron Gas Deal

Chevron is acquiring Hess Corp. for $53 billion, the second significant oil producer acquisition this month as crude prices climb.

Key Details

  • Chevron is purchasing Hess in an all-cash deal worth $53 billion, including debt and preferred stock redemption.
  • This comes just weeks after ExxonMobil announced its $59.5 billion purchase of Pioneer Natural Resources.
  • With oil over $80 per barrel, major producers are using their windfall profits to acquire smaller players and boost payouts to shareholders.
  • Chevron expects the deal to close in H1 2023 pending regulatory approvals and Hess shareholder vote.
  • Hess CEO John Hess will join Chevron's board once the acquisition is complete.

Go deeper

FacebookTweetEmailLinkedIn
nike logo
Company Culture

Oct 20, 2023

Nike to Require More In-Office Days From Employees

by Colin Baker Leaders Staff
blue collar workers
Retirement

Oct 20, 2023

Explaining The ‘C+ Grade’ Retirement Ecosystem in The United States

by PJ Howland Leaders Staff
netflix building
Entertainment

Oct 19, 2023

Netflix Hiking Prices While Adding Millions of Subscribers

by Colin Baker Leaders Staff

Recent Articles

Hiring

Nov 1, 2023

Learn the Winning Answers to the Most Common Phone Interview Questions

Come to your next phone interview fully prepared

Personal Growth

Oct 30, 2023

85 Quotes on Self-Love to Boost Your Self-Esteem

Don’t fall into the trap of harsh self-criticism

Company Culture

Oct 27, 2023

What is a Sabbatical? Your Ticket to Restful Growth and Meaning

Sabbaticals can benefits both employees and businesses

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2025 Leaders.com - All rights reserved.

Search Leaders.com