Advanced Clean Truck rule Archives - Page 2 of 3

California governor nominates new leader of powerful air pollution agency

10 December 2020

Gov. Gavin Newsom on Wednesday nominated Liane Randolph as the new chair of the powerful California Air Resources Board (CARB).

Randolph, an attorney, has been a commissioner at the California Public Utilities Commission since 2015.

If confirmed by the state Senate, she will become the first African-American chair of CARB, an agency that has reshaped the medium- and heavy-duty trucking market with stringent emissions regulations.

Randolph would succeed outgoing Chair Mary Nichols, who served...

https://s29755.pcdn.co/news/california-governor-appoints-new-leader-to-powerful-air-pollution-board

Growth in carbon neutral RNG spotlights debate on electric- vs. renewable-powered trucks

8 December 2020

Renewable natural gas (RNG) is having a moment, and California, naturally, is at the epicenter.

In 2020, a company that sells renewable natural gas to California medium- and heavy-duty trucking fleets can make as much as $10-$12 per diesel gallon, according to Cliff Gladstein, president of Gladstein, Neandross & Associates (GNA), a leading clean transportation consulting firm.

“You can make a lot of money,” he said, repeating himself for emphasis. “A lot of money.”

Simultaneously the environmental...

https://s29755.pcdn.co/news/carbon-negative-rng-raises-profile-of-near-zero-emission-trucks

California ban on diesel opens new front in hydrogen vs. electric trucking battle

12 November 2020

Another front opened in the battle to level the playing field for zero-emission vehicles this week when nine California legislators sent a letter to Gov. Gavin Newsom urging him to take a “technology-neutral” approach to decarbonization and not focus the state’s transportation sector investments solely on battery-electric vehicles, especially in medium- and heavy-duty trucking.

“We stand deeply concerned about the impacts of medium- and heavy-duty trucks, buses, vessels, locomotives and off-road...

https://www.freightwaves.com/news/california-ban-on-diesel-opens-up-new-front-in-hydrogen-vs-electric-trucking-battle

Once lightly regarded SPACs are here to stay (With video)

5 November 2020

Once a sniffed-at alternative to the traditional initial public offering, the special purpose acquisition company (SPAC) is all the rage on Wall Street. Blank check companies wielding $56 billion in cash chase startup candidates that can handle the rigor of public trading.

Vince Cubbage, CEO of Tortoise Acquisition Corp., believes SPACs are here to stay. He led heavy-duty truck natural gas-electric hybrid driveline maker Hyliion Holdings Corp. (NYSE: HYLN) from private startup to public trading i...

https://www.freightwaves.com/news/once-lightly-regarded-spacs-are-here-to-stay-with-video

EV roundup: LA mayor seeks proposals on zero-emission drayage technology

1 November 2020

October was a busy month for OEMs pushing electric trucks toward commercialization: Volvo landed $21 million to deploy 70 Class 8 electric trucks; Kenworth announced it would launch its first-ever Class 8 battery-electric truck in the U.S. and Canada in 2021; and Einride’s driverless, cabless electric trucks hit the mass market.

Also in October, a raft of new programs, studies and policy proposals aimed at accelerating the transition and shoring up zero-emission infrastructure. Here’s a roundup...

https://www.freightwaves.com/news/ev-roundup-la-mayor-issues-rfi-for-zero-emission-technology

Tesla’s secret weapon: Renewable energy credits

20 October 2020

Tesla dominates the renewable energy credit (REC) market for clean vehicles, an environmental financing tool that is responsible for the company’s string of quarterly profits.

A new credit market for zero-emission trucks will take effect under California’s Advanced Clean Truck rule.

Tesla (NASDAQ: TSLA) is set to release its Q3 2020 earnings on Wednesday, and expectations are high.

Ahead of the earnings release, the electric vehicle (EV) company has released figures showing it delivered a...

https://s29755.pcdn.co/news/teslas-secret-weapon-renewable-energy-credits

Birth of a SPAC: Ex-GM executive hunting next-gen mobility target

20 October 2020

Former General Motors (NYSE: GM) executive Barry Engle and his team at Qell Acquisition Corp. raised $380 million in less than a month to invest in a next-generation mobility company. Despite a record number of special purpose acquisition companies (SPACs) being formed this year, he still sees plenty of opportunity.

“The number of companies out there for whom this might be a really good alternative is infinitely larger,” Engle told FreightWaves in an interview. “Very few companies looking for...

https://s29755.pcdn.co/news/birth-of-a-spac-ex-gm-executive-hunting-next-gen-mobility-target

Startup Motiv gets $15M to scale electric truck component production

24 August 2020

Motiv Power Systems can tap up to $15 million in cash from its largest shareholder as it catches up on pandemic-delayed orders for medium-duty electric truck software and power electronics.

GMAG Holdings Corp. is swapping cash for convertible notes that will grow its stake in the Foster City, California-based startup.

“Technically, it’s a loan. But it does convert into equity in the Series C round we just kicked off and plan to close by year-end,” Motiv CEO Matt O’Leary told FreightWaves.

Cash-for-...

https://s29755.pcdn.co/news/startup-motiv-gets-15m-to-scale-electric-truck-component-production

Hyliion partners with Idealease to spotlight Class 8 hybrid trucks

19 August 2020

Hyliion Inc. is partnering with Idealease to get exposure — and orders — for its near-zero-emission diesel-electric hybrid powertrain system as the company’s public debut nears.

The startup will offer short-term rentals of its hybrid diesel powertrain with supplier Dana Inc. (NYSE: DAN) at some of Idealease’s 430 locations in the U.S., Canada and Mexico.

Hyliion did not immediately respond to questions from FreightWaves on the number of Idealease locations participating or how many trucks would...

https://www.freightwaves.com/news/hyliion-partners-with-idealease-to-spotlight-class-8-hybrid-trucks

PACCAR moves deliberately on electric and driverless trucks

22 July 2020

PACCAR Inc. (NASDAQ: PCAR) isn’t rushing electric trucks to market. But it says its Kenworth, Peterbilt and European DAF brands will sell them at the right time.

“Our goal is to make sure that we’re in a position to provide our customers the lowest-operating-cost vehicles whenever the market is ready, when there’s infrastructure, when there’s regulation and when the technology is ready,” CEO Preston Feight said Tuesday.

“It’s [the] early days, and we feel like we’re really on top of it, and we’re...

https://s29755.pcdn.co/news/paccar-moves-deliberately-on-electric-and-driverless-trucks

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