Tier One supplier Dana Inc. invested more than $400 million over the past three years to get its electrification product portfolio in shape as it aims for a revenue target of $500 million from that by 2023.
Postmaster General Louis DeJoy, defending the selection of a gasoline-powered vehicle maker to build the next generation of U.S. mail trucks, said he envisions the service moving quickly to electric power.
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.
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.
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.
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.
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.
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.
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
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.