Many major close loop operations, i.e. mines, heavy industrial clusters, ports where trucks stay on location with ~100% utilization rates have been electric for a few years now, trial started in ~2020. Started with something like 10 pilot cities, now standardized around CATL #75 pack and been mass rollout last few years, there are literally 1,000s of fleets running on battery swap now. Goal is something like 80% of highway freight done by swap stations by 2030.

>Now are we to believe that these companies and their investors are foolish? That they didn't do calculations and consult experts before spending this money?

Or you know smart investors/planners making peace with stupid US energy policy the precludes freight electrification which is vastly more economical if there was state capacity to deploy it economically.