Advanced Clean Truck rule

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

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

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

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

PACCAR electric truck

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

What happens in California doesn’t stay in California

  • After California approves the nation’s first electric truck sales mandate, more states seek transition to zero-emission trucks
  • Ten states have already adopted California’s zero-emission sales mandates for cars and light-duty vehicles.
  • Six Northeastern states, along with Oregon and California, to create action plan aimed at accelerating adoption of zero-emission big rigs

California made headlines in June when it approved the world’s first electric truck sales mandate, a standard that requires...

https://www.freightwaves.com/news/what-happens-in-california-doesnt-stay-in-california

California regulators to fleets: Buy those electric trucks

fleet purchasing
  • A California regulation under development would require fleets operating in the state to purchase electric trucks.
  • Trucking associations are leery of the rulemaking, and prefer a phased-in approach, starting with municipal, local haul and last-mile delivery vehicles.
  • Financial incentives for electric truck purchases at risk due to economic downturn

What if you threw an electric truck party and nobody came? 

That is potentially the situation facing commercial truck makers bound by a...

https://s29755.pcdn.co/news/california-regulators-to-fleets-buy-those-electric-trucks

Nikola begins Badger electric pickup marketing push

Nikola Badger electric pickup

Let the marketing begin.

Nikola Corp. (NASDAQ: NKLA) likely won’t have its Badger battery-electric pickup with a fuel cell range extender for sale until 2022. But it began taking orders Monday, offering to match $5,000 deposits and guaranteeing an invitation to a reveal party in December.

With a truck giveaway, Nikola is sweetening the pitch used by and rival Tesla (NASDAQ: TSLA). The industry-leading electric car maker took deposits on hundreds of thousands of its Model 3 sedans during the...

https://s29755.pcdn.co/news/nikola-begins-badger-electric-pickup-marketing-push

BREAKING NEWS: California approves world’s first electric truck sales mandate

— California regulators have approved a first of its kind sales mandate requiring truck manufacturers to sell an increasing percentage of electric vehicles.

— Rule is the first of its kind in the world

— OEMs are leery, while startups Tesla and Nikola back the standard

In a highly anticipated vote, the 12-member California Air Resources Board has unanimously approved an electric truck mandate that will require medium-and heavy-duty truck manufacturers to sell an increasing percentage of zero...

https://s29755.pcdn.co/news/breaking-news:-california-approves-nation

Build electric truck infrastructure, and they will come, advocates say

One week from today all eyes in the trucking industry will be on California, where air quality regulators are expected to approve a rule that will require truck manufacturers in California to sell a certain percent of electric vehicles. By 2030, 50% of all Class 4-8 truck sales will have to be electric.

As groundbreaking, and controversial, as that rule may be, much more will be needed to transition the heavy-duty truck industry away from fossil fuels. Top of the list is building out the...

https://s29755.pcdn.co/news/build-electric-truck-infrastructure-and-they-will-come-advocates-say

California readies nation’s first electric truck sales and reporting mandate

electric trucks

Experts urge California fleets to take advantage of clean truck incentives — and to prepare for zero-emission sales, reporting and purchasing requirements

A couple of years ago, the asset and administration manager at Bolthouse Farms took a look at the company’s aging yard fleet and decided that replacing the vehicles with electric trucks would be a smart cost savings move, in addition to the environmental benefits that would come from switching to zero-emissions vehicles. 

So Bolthouse, a...

https://s29755.pcdn.co/news/california-readies-nations-first-electric-truck-sales-and-reporting-ma

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