The haulage industry is undergoing a major transformation. With increasing pressure to reduce emissions, improve efficiency and comply with government regulations, the shift towards alternative fuels is becoming more urgent.
Electric and hydrogen-powered trucks are emerging as the most viable alternative to traditional diesel vehicles. But how do they compare? Are they practical for long-haul operations? And what should hauliers be considering when thinking about transitioning to these new technologies?
Why is the Industry Moving Away from Diesel?
The push towards greener transport isn’t just about corporate social responsibility; it’s being driven by a combination of factors:
- Government regulations: The UK has set ambitious targets to reduce emissions, including plans to ban new diesel HGVs by 2040.
- Rising fuel costs: With fluctuating diesel prices, alternative energy sources may offer cost savings in the long run.
- Customer demand for sustainability: More businesses are prioritising environmentally friendly supply chains.
- Investment in green infrastructure: Charging points and hydrogen refuelling stations are gradually expanding.
It isn’t a case of if the industry will transition, but when and how.
Electric VS Hydrogen: How Do They Work?
Electric Trucks
Electric HGVs are powered by large batteries that store energy and deliver it to an electric motor. They product zero exhaust emissions and can be charged via dedicated charging stations.
Key Benefits:
✅ Zero emissions, making them ideal for urban areas and low emission zones
✅ Lower running costs compared to diesel
✅ Quieter operation, reducing noise pollution
Hydrogen Trucks
Hydrogen fuel cell trucks use hydrogen gas to generate electricity, which powers an electric motor. The only byproduct is water vapour, making them a clean alternative to diesel.
Key Benefits:
✅ Faster refuelling times compared to diesel
✅ Longer range that battery- electric trucks
✅ No heavy batteries, allowing for higher payload capacity
Electric and hydrogen powered trucks are now slowly working their way into mainstream logistics. As costs fall and infrastructure grows, we’re going to see more operators making the switch. Thos who act early will not only ahead of regulation, but may also benefit from lower running costs, improved efficiency and strong appeal to eco-conscious customers.
Affordability and Funding
One of the biggest hurdles for hauliers is the cost of adopting new technology. Both electric and hydrogen trucks come with a higher upfront price tag than diesel equivalents, which can be a major barrier to investment.
At Moorgate Finance we work closely with hauliers and transport businesses to provide tailored finance solutions for low and zero emissions vehicles. Whether you’re looking to invest in a single electric truck or planning a longer-term transition to a hydrogen-powered fleet, we can help you structure finance in a way that supports your cash flow and growth strategy.
Beyond the vehicles themselves, we also help fund the wider infrastructure you might need—like electric charging points, hydrogen tanks, or depot upgrades. Our team understands the haulage industry, and we make it our priority to find the right funding package for each operator’s unique setup.
Give us a call on 01908 92 62 62 or head to www.moorgatefinance.com/apply-now to start the conversation.
