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Ride Radar > Blog > Electric Vehicle > Heavy-duty EVs could cut Fortescue fuel bill by $400 million
Electric Vehicle

Heavy-duty EVs could cut Fortescue fuel bill by $400 million

Last updated: September 12, 2025 6:10 pm
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Fortescue, a global mining company, is making significant strides towards achieving zero emissions by investing in new, zero-emission mining equipment options across its operations worldwide. This investment is already proving to be beneficial, with the company saving nearly $400 million in fuel costs annually.

From the acquisition of massive Liebherr-built electric haul trucks and excavators to investing over $400 million in Chinese equipment from XCMG, Fortescue is demonstrating its commitment to decarbonizing its mining operations on a global scale.

Fortescue Metals Chief Executive Officer, Dino Otranto, emphasized the company’s goal to eliminate Scope 1 and 2 terrestrial emissions by 2030. This ambitious target involves replacing hundreds of diesel mining equipment with zero emissions alternatives, showcasing Fortescue’s leadership in driving innovation towards a greener future.

The transition to electric equipment not only reduces air pollution but also contributes to a safer and healthier work environment for employees. Moreover, the company is already reaping the financial benefits, with annual fuel savings ranging from $300-400 million.

One of the standout examples of Fortescue’s commitment to sustainability is the Liebherr T264 electric haul truck, which boasts impressive capabilities in terms of size, scale, and power. Weighing in at 176 tonnes and capable of hauling over 240 tonnes of payload, these trucks are equipped with powerful electric motors and a massive 3.2 MWh battery that can be recharged in just over 30 minutes using Liebherr’s 6 MW DC fast charger.

Fortescue’s order of 360 T264 battery electric haul trucks as part of a $4 billion deal with Liebherr highlights the company’s dedication to electrifying its mining operations to reduce both operating costs and emissions. The success of battery electric vehicles in moving millions of tons of material at Fortescue mines underscores the positive impact of these sustainable practices on the environment.

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As the mining industry continues to evolve, the demand for practical, electric, and autonomous heavy mining equipment is on the rise. Companies like Hyundai, Bobcat, Volvo CE, and Caterpillar are investing in innovative concepts to meet the growing need for sustainable solutions. Analysts estimate that the operational cost savings of electric heavy equipment can be substantial, with potential for significant reductions in fuel consumption and maintenance expenses.

In conclusion, Fortescue’s proactive approach towards decarbonizing its mining operations through the adoption of zero-emission equipment is not only environmentally responsible but also economically advantageous. By embracing green technology and driving innovation in the industry, Fortescue is setting a precedent for sustainable mining practices that prioritize both environmental and financial sustainability. the perspective of a travel blogger about the top travel destinations for 2022.

As a travel blogger, I am always on the lookout for the hottest travel destinations for my readers to explore. With 2022 just around the corner, it’s time to start planning your next big adventure. Whether you’re looking for a relaxing beach vacation, a cultural city break, or an adrenaline-pumping outdoor experience, there are plenty of amazing destinations to choose from. Here are my top picks for the best travel destinations for 2022.

1. Iceland
Iceland has been a popular travel destination for several years now, and it’s easy to see why. With its stunning landscapes, including cascading waterfalls, geothermal hot springs, and dramatic volcanic terrain, Iceland is a nature lover’s paradise. In 2022, be sure to explore the remote Westfjords region, known for its rugged beauty and untouched wilderness.

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2. Japan
Japan is a country that seamlessly blends tradition and modernity, making it a fascinating destination to explore. In 2022, be sure to visit Kyoto, Japan’s ancient capital, to marvel at its historic temples and traditional tea houses. You can also experience the excitement of Tokyo, Japan’s bustling metropolis, where you can shop, dine, and immerse yourself in the vibrant pop culture scene.

3. Colombia
Colombia is a country that has been steadily gaining popularity as a travel destination in recent years, thanks to its vibrant culture, stunning landscapes, and warm hospitality. In 2022, be sure to visit the colorful colonial city of Cartagena, with its historic architecture and lively street markets. You can also explore the lush coffee region, where you can learn about the country’s coffee production and sample some of the best brews in the world.

4. New Zealand
New Zealand is a country that offers something for everyone, from adrenaline-pumping outdoor adventures to serene natural beauty. In 2022, be sure to visit the South Island, where you can explore the breathtaking Fiordland National Park and hike the famous Milford Track. You can also visit the North Island, where you can relax in the geothermal hot springs of Rotorua and explore the vibrant city of Auckland.

5. Morocco
Morocco is a country that is steeped in history, culture, and tradition, making it a fascinating destination to explore. In 2022, be sure to visit the bustling city of Marrakech, with its vibrant souks, ornate palaces, and lively street performers. You can also explore the Sahara Desert, where you can ride camels across the dunes and camp under the stars.

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Overall, 2022 promises to be an exciting year for travel, with plenty of amazing destinations to explore. Whether you’re looking for adventure, relaxation, or cultural immersion, there’s a destination out there for you. So start planning your next big trip and get ready to make unforgettable memories in 2022!

TAGGED:billcutEVsFortescueFuelheavydutymillion
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