BCBusiness

October 2024 – Return of the Jedi?

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

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14 Illu s t r a t i o n : i S t o c k / S a k o r n S u k k a s e m s a k o r n B C B U S I N E S S . C A O C T O B E R 2 0 24 " Rather than it being pie-in-the-sky, powder-puff junk from China and America, this is local stuff." —Dave Earle, president and CEO of the BC Trucking Association with his parents, is based in Merritt. "We failed at some things but we got a few right." Within the first year, Edison had its first proof-of- concept truck—a retrofit on an old logging truck the pair presented at Brigade Days in Hope. They also launched a crowdfunding campaign that raised $1.5 million in less than a week. With those funds, the company built its first truck from the frame rails up, with electric axles, bigger batteries and its own control software. Then came the testing phase. Says Barber, "You break it in every way you could possibly imagine, fix it, then send it off for more breaking." After submitting "moun- tains and mountains of paperwork," Edison passed all inspections and got its first VIN number assigned in March of this year, making it the first Canadian-made hybrid semi on the market. A typical logging truck uses 500 to 600 litres of diesel fuel per day, says Barber, and Edison's truck uses ap- proximately half of that—saving roughly $500 a day, or $15,000 a month. And while it doesn't meet the zero-emission mark, it offers the range and torque required by long-haul truckers. It also looks the part, which Barber says is key for truckers who are reluctant to enter the EV market. "A lot of those guys don't want electric because they don't want the really ugly plastic trucks. Loggers don't want a truck that looks like the Tesla Semi," he says. "They want the big hood, the fenders, the higher ground clearance for going into the bush, that steel bumper on the front because they're in the bush. Nobody's delivering electric trucks like that." Dave Earle, president and CEO of the BC Trucking Asso- ciation, says EV technology is rapidly improving, but because of the weight of heavy-duty trucks and their loads, as well as the need to keep them run- ning reliably for long stretches and the lack of charging infrastructure, the industry has a long way to go before it reaches widespread adoption. Cost is also a major factor, with the few available electric and hydrogen fuel-cell trucks priced at double or triple their diesel equivalents. "It is a lot more money— not a little bit, a lot," says Earle. "And that's okay, be- cause we're in that 'Get it, try it, break it, learn, fix it, try it, break it, learn, fix it' iterative stage. It's going to get cheaper. It's going to get more reliable. But right now, we're just not there." Whereas electric car adoption has skyrocketed in B.C.—nearly a quarter of new car sales are now EVs—only a few dozen of B.C.'s 65,000 trucks are electric or hybrid. But Edison is changing the game, says Earle. "Rather than it being pie- in-the-sky, powder-puff junk from China and America, this is local stuff. This is heavy, heavy, heavy-duty stuff. They're built well. And it changes the conver- sation in the industry," he says. "That's why I just think what they're doing is so brilliant." It's also incredibly challeng- ing—but Barber says Edison's biggest hurdle has nothing to do with engines or axles or even regulatory red tape: it's B.C.'s soaring real estate values. The company has con- tinued to operate on Barber's parents' property, but as busi- ness kicks into high gear, its founders know that a proper shop is needed. In Merritt, however, real estate investors have pushed prices out of Edison's reach. "Right now there are proper- ties for sale, but they're like two acres of land for $1.8 mil- lion dollars," says Barber. As a result, the founders have been considering moves to locations from Terrace to Arizona, with officials offering incentives from no-cost land to an old Hayes truck plant. For now, they're sell- ing trucks, and planning to build 10 within the next year. They've also set up a Series A investment round, and are hoping to raise $20 to $25 million to buy land and build a shop. Barber says they're aim- ing for slow and steady growth, rather than risking getting too big too fast—but already they're changing the trajectory of trucking in the province. For Barber, much of the journey is inherently personal. "I'm a nerd when it comes to semi trucks, and have been since I was a kid," says Barber, whose great grandfather, grandfather and father drove trucks. He has also restored many classic semis. "I just want to build the best semi truck I can." ELECTRIC FEEL EV technology is improving, but electric and hydrogen fuel-cell trucks come with a heavy price tag

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