The trucks will also cut annual maintenance costs by as much as $700,000. An additional 150 trucks a year could be converted to electric as PepsiCo, which wants to cut its corporate fuel costs in half by 2020, works to replace half its 4,000 medium-duty vehicles. Thanks to government grants, the electric trucks are today only slightly more expensive than their diesel counterparts, O'Connell says. Since diesel trucks are rising in price while the cost of electric technology is falling, he says electric vehicles may reach parity in a year or two, even without government subsidies.

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