electric truck

Business, Technology, Fuel

Nikola Founder Trevor Milton to Give 50 Employees $233 Million of His Stock

Nikola Founder Trevor Milton said he would give away shares to 50 employees. Nikola Founder Trevor Milton speaks to TT Newsmakers host Dan Ronan for an episode called "The Evolution of Electric Trucks." (Transport Topics)

Trevor Milton, the founder and chairman of Nikola Corp., is giving the first 50 employees of the electric-truck startup 6 million of his own shares after making a promise when he hired them.

August 27, 2020
Business, Technology

Lordstown Motors Goes Public Following Reverse Merger

The Lordstown Motors Endurance electric pick-up is seen at a launch event in Ohio on June 25. The Lordstown Motors Endurance electric pick-up is seen at a launch event in Ohio on June 25. (Tony Dejak/Associated Press)

Lordstown Motors Corp., the electric-truck startup that stepped in to save a shuttered General Motors Co. factory in Ohio, will be listed on the Nasdaq and gain an infusion of $675 million through a merger with a publicly traded funding vehicle.

August 3, 2020
Business, Technology, Fuel

Nikola Gets Valued at $34 Billion Before Gain Is Wiped Out

Signage is displayed outside the Nasdaq Market Site in the Times Square area of New York on May 12. Signage is displayed outside the Nasdaq Market Site in the Times Square area of New York on May 12. (Demetrius Freeman/Bloomberg News)

Tesla Inc. shares are at an all-time high. Hertz Global Holdings Inc.’s are well above where they were before the company went bankrupt. But no stock in the automotive sector is a better indication of equity-market exuberance than Nikola Corp.

Ed Ludlow and Craig Trudell | Bloomberg News
June 9, 2020
Government, Business, Technology, Fuel

Electric Truck Integration Poses Challenges for Fleets, Study Shows

NFI An eCascadia from DTNA's Freightliner brand, operated by NFI. (Daimler Trucks North America)

Many fleets are looking to integrate electric trucks into their operations but are stymied by a series of obstacles that will slow the shift from diesel vehicles.

Jerry Hirsch | Contributing Writer
May 11, 2020
Business, Technology, Fuel, Logistics

Amazon Plans 100,000-Electric-Vehicle Order From Rivian

Rivian Patrick T. Fallon/Bloomberg News

Amazon will buy 100,000 electric vans to assist with Prime deliveries, according to CEO Jeff Bezos, who made the announcement at the National Press Club in Washington on Sept. 19.

Jim Stinson | Staff Reporter
September 19, 2019
Business, Technology, Equipment, Fuel, TCA

San Diego Rolls Out $107.4 Million for Large Vehicle Charging Stations

San Diego Public Gas and Electric San Diego Gas & Electric

The California Public Utilities Commission has approved a program that will see San Diego Gas & Electric build 3,000 electric vehicle charging stations for medium- and heavy-duty vehicles including school buses, delivery trucks and forklifts, and SDG&E customers will be the ones to pay for it.

Rob Nikolewski | The San Diego Union-Tribune
August 20, 2019
Business, Technology

Electriphi App Addresses Fleets' Transition to Electric Vehicles

Electriphi Inc., an electric vehicle fleet and energy management company, launched its Fleet Electrification Planning Tool, a web-based application that lets fleet managers break down factors affecting operations, fueling and infrastructure for light-, medium- and heavy-duty electric fleets.

June 21, 2019
Business, Technology

Germany’s First ‘Electric’ Highway Charges Trucks as They Drive

Sean Gallup/Bloomberg News

Germany opened the first stretch of a so-called electric highway that will connect hybrid trucks to overhead wires, allowing them to recharge while traveling on the country’s main transportation arteries.

Oliver Sachgau | Bloomberg News
May 13, 2019
Business, Technology, Equipment

Suppliers Take Path to Alternative Powertrains

Cummins engine An X15 Cummins engine on display at an industry show this March. (John Sommers II for Transport Topics)

With interest in alternative powertrains heating up, a mix of suppliers and original equipment manufacturers discussed in their latest earnings reports how they are preparing to help customers who face more options than ever.

Roger Gilroy | Senior Reporter
May 7, 2019
Business, Technology, Equipment

Amazon Leads $700 Million Investment in Electric Car Maker Rivian

Amazon Model of an electric Rivian truck. (Patrick T. Fallon/Bloomberg News)

Amazon.com led a $700 million equity investment in Rivian Automotive, the electric pickup and SUV maker preparing to deliver its first vehicles next year.

February 15, 2019

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