Zenobē has committed AU$100 million to accelerate the rollout of zero-emission heavy vehicles across Australia.
The investment aims to double the number of heavy electric trucks on Australian roads by the end of 2026. Currently, around 1,000 such vehicles are in operation nationwide.
The funding comes at a critical juncture for the logistics sector; with more than half of Australia’s truck fleet now over a decade old, many operators are currently weighing up replacement technologies as their diesel rigs reach the end of their working lives.
Zenobē’s strategy focuses on removing the two primary hurdles for transport companies: high upfront costs and technical complexity. The AU$100 million fund will cover the entire ecosystem, including the trucks themselves, charging infrastructure, and battery replacements.
Zenobē aims to make the transition total cost of ownership neutral, ensuring the switch to electric matches or beats the cost of running traditional diesel fleets.
To de-risk the move for operators, the company is also offering upfront planning, including depot assessments and energy modelling.
“The direction we set in the next five years will define the trajectory for the next two decades,” said Gareth Ridge, Zenobē’s Country Director for Australia and New Zealand.
“Our goal is simple: to make the transition total cost of ownership neutral so the sustainable choice is also the commercial one.”
While the market is still in its infancy, momentum is growing. Approximately 500 electric trucks were slated for sale in 2024 alone, more than the total sold over the previous decade combined.
By combining capital investment with charging infrastructure and fleet electrification expertise, Zenobē hopes to turn this momentum into a permanent shift, strengthening the resilience and sustainability of the nation’s supply chain.
The Australian commitment forms a key part of Zenobē’s global ambition to support 4,000 electric commercial vehicles by the end of 2026.