The upfront cost of a ZEV is currently higher than comparable gas- or diesel-powered vehicles. However, in many cases, ZEVs have a lower total cost of ownership. Those that don’t are expected to reach parity in the early 2030s, with exact timing varying by vehicle type.
The main driver of these total cost of ownership savings is the fact that electricity is cheaper than gasoline or diesel, and Washington has one of the largest gaps between electricity rates and fuel prices. Additionally, ZEVs tend to have lower maintenance costs. They don’t require oil changes, transmission fluid, spark plugs, air filters, or many other consumables found in combustion vehicles. Their brake pads usually last much longer because the vehicles capture and reuse as much as one-fifth of the energy normally lost during braking through “regenerative braking.”
The financial benefits of owning ZEVs are expected to continue to grow as purchase prices come down and charging infrastructure costs decline.
The California Air Resources Board has an extensive table that lists manufacturers (40 of them) with medium- and heavy-duty ZEVs (256 models) for sale in California, and this list applies to Washington state.
Advanced Clean Trucks requirements were designed to be feasible even in the absence of public charging infrastructure; they were written with only depot charging in mind. However, Washington is committed to robust support of the trucking industry through the transition to clean vehicles.
Over $130 million in funding from the Climate Commitment Act is being provided to help truck owners cover the costs of electric medium- and heavy-duty vehicles, as well as charging infrastructure. Additional state support has been made available through the Clean Fuel Standard, state tax credits on commercial ZEVs and associated infrastructure, as well as Volkswagen Settlement grants, Clean Diesel grants, and the Zero-Emission School Bus grant program.
We’re leveraging federal funding, too. Recently, the federal government announced awards under the Charging and Fueling Infrastructure grant program for Washington, Oregon, and California to build an electric truck charging corridor along the entirety of I-5, and the state has secured over $55 million in state and federal funding to electrify drayage trucks operating in and around ports.
The federal government also provides tax credits on charging infrastructure and tax credits on commercial ZEVs valued at up to $40,000 per vehicle, in addition to funding available through other programs, like the EPA’s Clean School Bus program.
To find a charging station on the west coast, visit the West Coast Green Highway map. For charging stations around the nation, visit the Plug Share website.
Washington has several resources for customers who want to buy a ZEV and charging equipment:
Resources can also be found on FundHubWA.