That's fantastic. Thank you very much for the opportunity to talk about the technology's benefits.
From a financial perspective, the fuel reduction is quite significant. It's 30% of fuel consumption, which is essentially one of the highest costs of operating a truck. This can account for $30,000 to $50,000 a year per operator. This is a pretty significant savings, and we want to be able to pass that on to the consumer.
What's great about our technology is that it doesn't influence payload. As you know, a truck really is paid for by what it can carry, and because of our drivetrain and how it works, it has a very small battery and a small diesel engine. It's about a third smaller than a traditional diesel engine. Therefore, there is no compromise on payload, which is an advantage that BEVs or fully electric vehicles would never have. We're quite pleased that we can offer no range anxiety to the consumer who is used to filling up the tank with diesel, while still providing a 30% reduction in operating cost.
Don't get me started on maintenance. Our system doesn't have a whole bunch of mechanical parts, gears and drivetrains. It's just motors directly at the wheels. This means that there could be upwards of 50% in maintenance savings. Once we actually get permission to sell our vehicles in Canada, I look forward to being able to share, with you and our fans, what those true numbers are.