Equipment Finance News
  • News
  • Event
  • Data
  • Features
  • Lender Directory
  • PodcastNew
  • WebinarsNew
    • Webinar Library
Log In
No Result
View All Result
  • Dealers
  • Lenders
  • Transportation
  • Agriculture
  • Construction
  • Materials Handling
  • Rentals
  • Compliance
  • Data Analysis
Equipment Finance News
  • News
  • Event
  • Data
  • Features
  • Lender Directory
  • PodcastNew
  • WebinarsNew
    • Webinar Library
No Result
View All Result
Equipment Finance News
No Result
View All Result

Truck dealers must go ‘all in’ to bolster EV market

EV truck market expected to soar past $18B by 2034

Quinn DonoghuebyQuinn Donoghue
March 17, 2025
in Dealer Operations
Reading Time: 4 mins read
0
Share on FacebookShare on LinkedIn

From hiring and training staff to arranging financing for customers, EV truck makers are counting on fully invested dealer networks to succeed. 

The global EV truck market is projected to grow 31.3% annually to $18.6 billion in 2034 from $1.6 billion in 2025, according to a January report by Precedence Research.  

Yet, EV truck adoption remains limited in the United States due to insufficient charging infrastructure and significantly higher upfront costs. Adding to these challenges, President Donald Trump has attempted to pause or eliminate EV incentives and mandates initiated by the previous administration. 

Going ‘all in’ 

Commercial truck dealers that sell or plan to sell EVs must go “all in” to help overcome these obstacles and drive up adoption rates, Lisa McGhee, zero-emission vehicles programs and affairs manager at Santa Fe, Calif.-based dealership Tom’s Truck Center, told Equipment Finance News. Educating salespeople on the complexities and nuances of EVs is one example of this, she said. 

“If your salespeople don’t understand it, then they can’t sell it. And if they’re not confident, they’re also not going to sell it.”

— Lisa McGhee, Tom’s Truck Center

“You have to be able to carry the conversation — converting kilowatts and kilowatt hours into an operational cost per mile, understanding the efficiency, understanding the technology in terms of its behavior to make that truck increase its range,” she said.

When trying to sell an EV to a potential buyer, dealers should evaluate the size of their fleet, the number of miles traveled daily, charging accessibility and incentives that they could qualify for, McGhee said. Helping fleet owners gradually transition to EVs is also crucial to increased adoption and repeat sales, she said. 

“It’s about looking at it in a short-term path, one truck at a time,” she said. “And then you don’t need a bunch of infrastructure, even though we still have to get there. … So, what I’m bringing to the table is solutions, which are complex, not easily understandable. But it’s a free service that I’m providing to help sell.” 

Dealer selection  

Many truck dealers are reluctant to carry EVs due to limited range and added expenses. Dealers may spend “tens of thousands of dollars” a year on human resources alone to sell and service EVs or other high-tech trucks, Nick Carter, a consultant for industry trade group American Truck Dealers, said at the recent Work Truck Week event in Indianapolis. 

Thus, EV makers must carefully choose a dealer network willing to invest in the necessary resources to support them, Jim Connelly, chief revenue officer at Oak Park, Mich.-based Bollinger Motors, told EFN. 

“If you look at [dealers], some are EV-friendly and have departments or even whole buildings dedicated to EV sales and EV service,” he said.  

“Forward-thinking dealers are always going to be the early adopters. You need to look for those, and the rest of them will come on board after other dealers and other entities paved the way for them.” 

— Jim Connelly, chief revenue officer, Bollinger Motors

As EV technology evolves, periodic training of salespeople and technicians is key to keeping their knowledge “fresh,” Jim Castelaz, founder and chief technology officer at Foster City, Calif.-based Motiv Electric Trucks, told EFN. 

“Even dealers with robust service technician programs, that training can go stale,” he said. “And I think that’s kind of a challenge as we’re rolling out these vehicles. … I think once electric is more at scale, they’ll keep those skills fresh. But until we get to that critical mass, I think it’s kind of a necessary investment.” 

The third annual Equipment Finance Connect at the JW Marriott Nashville on May 14-15, 2025, is the only event for both equipment dealers and finance providers. Learn more and register here.    

Tags: electric vehiclesequipment financetransportationtrucking
Previous Post

Used Class 8 retail sales climb 33% despite uncertainty

Next Post

Northern Tool introduces Powerhorse generators

Related Posts

Shoppers browse shirts at a clothing store in Atlanta, Georgia.
Dealer Operations

Businesses expect to pass along 50% of tariffs, Fed survey finds

June 5, 2025
Trimble weaves tech integration into dealer ops
Dealer Operations

Trimble weaves tech integration into dealer ops

June 3, 2025
A worker welds a stainless steel part at a steel manufacturing facility in Mexico City, Mexico, on Thursday, Feb. 6, 2025. Uncertainty is taking hold among North American businesses that rely on imports, forcing companies to reassess supply chains and operations.
Dealer Operations

Continued tariff uncertainty slowing investment, driving inflation

June 3, 2025
Next Post
Staff from Hubbard County Developmental Achievement Center receive donations from Northern Tool + Equipment

Northern Tool introduces Powerhorse generators

Proud Member Of

Check Out Our Industry Event

Stay Informed With Our 8 Newsletters

The Dig Podcast

Dealer Operations

Shoppers browse shirts at a clothing store in Atlanta, Georgia.

Businesses expect to pass along 50% of tariffs, Fed survey finds

June 5, 2025
Trimble weaves tech integration into dealer ops

Trimble weaves tech integration into dealer ops

June 3, 2025
A worker welds a stainless steel part at a steel manufacturing facility in Mexico City, Mexico, on Thursday, Feb. 6, 2025. Uncertainty is taking hold among North American businesses that rely on imports, forcing companies to reassess supply chains and operations.

Continued tariff uncertainty slowing investment, driving inflation

June 3, 2025
  • About Us
  • Advertise
  • Contact Us
  • Privacy Terms
  • ADA Compliance

 Manage Cookie Consent

Connect with us

© 2025 Royal MediaRoyal Media

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
    • All News
    • Dealers
    • Lenders
    • Transportation
    • Agriculture
    • Construction
    • Material Handling
    • Rentals
    • Compliance
    • Data Analysis
  • Event
  • Data
  • Features
  • Lender Directory
  • Podcast
  • Webinars
    • Webinar Library

© 2025 Royal MediaRoyal Media

THIS WEBSITE USES COOKIES

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “I CONSENT”, you consent to the use of ALL the cookies.

Cookie settingsI CONSENT

Review our Cookie Policies
.
Manage Cookie Consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
Save & Accept