Battery Electric Vehicles

Is Nikola counting too much on California for salvation?

Nikola Corp.’s ability to escape near-death experiences is being tested by shouldering the $61.8 million cost of repairing its fire-prone battery electric trucks. But California’s generous incentives for electric trucks may be a path to survival as the startup’s latest peril plays out.

“California is a state on the cutting edge of technology and has big tailwinds for the transition to zero-emissions trucking with both carrots and sticks from government incentives and regulations,” Nikola CEO...

https://www.freightwaves.com/news/is-nikola-counting-too-much-on-california-for-salvation

ACT Research bullish on adoption of alternative zero-emission trucks

This fireside chat recap is from FreightWaves’ Net Zero Carbon Summit Thursday. 

FIRESIDE CHAT TOPIC: Despite state and federal initiatives and private company goals to decarbonize transportation, there has long been a question whether trucking was suited to reach some of those ambitious targets and mandates. Ann Rundle of ACT Research says her company is optimistic it can do so.

DETAILS: Ann Rundle is a vice president at ACT Research. She has a long career with large companies such as...

https://www.freightwaves.com/news/act-research-bullish-on-adoption-of-alternative-zero-emission-trucks

Nikola’s energy president resigns

Carey Mendes, who led the branding of Nikola Corp.’s hydrogen business and signed a deal to get financing for up to 50 hydrogen fueling stations, has resigned from the electric truck and hydrogen distribution developer.

The company announced the departure in a one-sentence filing with the Securities and Exchange Commission on Friday. Nikola did not publicly name a successor.

Mendes became president of energy less than a year ago. He joined the electric truck and hydrogen distributor as the global...

https://www.freightwaves.com/news/nikolas-energy-president-resigns

Girsky’s goal at Nikola: Don’t ‘screw up the momentum’

Steve Girsky knows Nikola Corp. as well as anyone. He was instrumental in bringing the electric truck and hydrogen distributor public via SPAC, and he chaired the board for a tumultuous two and a half years of federal investigations and setbacks. 

Now, as the company prepares to commercially ship hydrogen-powered fuel cell trucks to customers, he has one near-term goal as the third CEO in a year: Don’t “screw up the momentum.”

Girsky gave his first one-on-one interview as CEO to FreightWaves on...

https://www.freightwaves.com/news/girskys-goal-at-nikola-dont-screw-up-the-momentum

Environmental group raises caution flag on hydrogen’s impact as fuel

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HOUSTON — In the five days of CERAWeek by S&P Global, participants raised questions about hydrogen...

Daily Infographic: Electric Vehicle Battery Pack Costs in 2022 Are Nearly 90% Lower than in 2008

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To view more FreightWaves infographics, click here

The post Daily Infographic: Electric Vehicle Battery Pack Costs in 2022 Are Nearly 90% Lower than in 2008 appeared first on FreightWaves.

https://www.freightwaves.com/news/daily-infographic-electric-vehicle-battery-pack-costs-in-2022-are-nearly-90-lower-than-in-2008

BrightDrop secures orders from FedEx Express, Walmart, as EV business accelerates

Electric van maker BrightDrop said that FedEx Express and Walmart have placed orders for a total of 7,000 vehicles, with the FedEx order potentially expanding to include an additional 20,000 units pending the successful conclusion of ongoing negotiations.

The announcement was made Wednesday by General Motors CEO Mary Barra during her CES keynote address. BrightDrop is a GM (NYSE: GM) subsidiary. In a Tuesday press briefing prior to the announcement, FedEx’s Richard Smith, regional president of...

https://www.freightwaves.com/news/brightdrop-secures-orders-from-fedex-express-walmart-as-ev-business-accelerates

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