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This study presents a process to quantify the fuel saving potential of electrified powertrains for medium and heavy duty vehicles. For this study, equivalent vehicles with electrified powertrains are designed with the underlying principle of not compromising on cargo carrying capacity or performance. Several performance characteristics, that are relevant for all types of medium and heavy duty vehicles, were identified for benchmarking based on the feedback from the industry. Start-stop hybrids, parallel pre-transmission hybrids, plug-in hybrids, and battery electric vehicles are the technology choices in this study. This paper uses one vehicle as an example, explains the component sizing process followed for each powertrain, and examines each powertrain’s fuel saving potential. The process put forth in this paper can be used for evaluating vehicles that belong to all medium and heavy duty classes.