Is Biodiesel More Effective Than Electric at Reducing Carbon?
With the transportation sector being the largest source of GHG emissions in the U.S.1, fleets are increasingly feeling the pressure to lower carbon emissions. One of the most popularly discussed solutions is the move toward electric vehicles. While progress has been made in bringing electric trucks to market - challenges remain. Thankfully, there is a solution available today, which requires no infrastructure or equipment investments - bio-based fuels, which include biodiesel and renewable diesel. EnDura FuelsTM from Chevron Renewable Energy Group is a complete line of high-quality bio-based diesel solutions for fleets in all modes, including trucking - enabling lower carbon intensity and improved engine performance while supporting your profitability targets. Manufacturers like Tesla, Volvo and Daimler have all recently debuted battery-electric trucks, yet widespread adoption is predicted to take decades. In fact, Bloomberg New Energy Finance estimates that only 19% of heavy-duty trucks will be electrified by the year 2040.2 By contrast, bio-based fuels are available today and don’t require infrastructure investment or equipment modifications. And the impact may be greater than many realize. In addition to the availability and ease-of-transition benefits of bio-based fuels, the carbon reduction impact may be surprising — especially in comparison to electric vehicles. In fact, biodiesel may be 56% more effective in reducing carbon than electric, when taking the grid into consideration