electric delivery vans

Ford earns Postal Service’s latest EV contract

With all of the government-backed initiatives designed to boost electric vehicle adoption, is it any surprise that the nation’s largest federally backed fleet is leading the way?

Continuing its push to electrify more than 66,000 delivery vehicles by 2028 as part of its Next Generation Delivery Vehicle (NGDV) initiative, the U.S. Postal Service this week announced the awarding of another major vehicle delivery contract.

Oshkosh Defense received the first — which initially included around 10,000...

https://www.freightwaves.com/news/ford-earns-postal-services-latest-ev-contract

Lightning eMotors launches online Fleet Planner solution

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Both federal and state lawmakers are now pushing electric vehicle adoption for not just commuters...

https://www.freightwaves.com/news/lightning-emotors-launches-online-fleet-planner-solution

Workhorse avoids SEC enforcement, scraps C1000 electric delivery van

Electric vehicle maker Workhorse this week issued a series of announcements with major implications for its stock price.

The Sharonville, Ohio-based company on Wednesday revealed that it had avoided action from the U.S. Securities and Exchange Commission after battling the agency’s accusations of fraud for over a year.

The firm also announced it was scrapping its C1000 electric delivery van line in favor of heavier focus on its W4 CC, W750 and W56 models, the latter of which is slated to enter...

https://www.freightwaves.com/news/workhorse-avoids-sec-enforcement-scraps-c1000-electric-delivery-van

Ford to supply 2,000 electric delivery vans to DHL by end of 2023

Despite the rollout of a $40,000 tax credit for businesses looking to purchase electric vehicles — courtesy of the implementation of the Inflation Reduction Act in August — and a steady push for fleet electrification, the EV industry hasn’t yet captured that lightning in a bottle.

It’ll take some time for most small and midsize transportation companies to enter the EV playing field because of the costs and logistics of electrifying an entire fleet. 

But for the bigger firms, the game is well...

Amazon investing $970M to electrify European fleet

Amazon electric delivery van vehicle

Online shopping’s resident goliath is investing in cleaner ways to power its transportation network.

Amazon (NASDAQ: AMZN) on Sunday announced plans to spend 1 billion euros (about $970 million) to electrify and decarbonize its European fleet over the next five years. The e-commerce giant will invest in electric vans, small delivery hubs and charging stations.

By 2025, the company expects to grow its fleet of 3,000 electric vans across Europe to more than 10,000. It also aims to purchase and roll...

https://www.freightwaves.com/news/amazon-investing-970m-to-electrify-european-fleet

Cenntro unveils 2 new EVs for on-demand and last-mile delivery

Cenntro Logistar EV electric delivery van

According to a recent survey from Descartes, there’s only one thing that matters more than delivery speed. 

Fifty-four percent of over 8,000 e-commerce consumers who responded to the survey said that they would accept longer lead times when dealing with companies that emphasize sustainable delivery. So it only seems logical that last-mile delivery firms are beginning to go electric.

That’s good news for electric vehicle manufacturers like Cenntro Electric Group Ltd. (NASDAQ: CENN), which on...

https://www.freightwaves.com/news/cenntro-unveils-2-new-evs-for-on-demand-and-last-mile-delivery

Workhorse shares tank on anemic Q2 revenue

Workhorse Group’s second-quarter revenue of $12,600 looks like a typo. But the maker of medium-duty electric delivery vans and chassis needs to put up with snickers and head-scratching for a while longer.

After gains in nine of the last 10 Wall Street sessions, Workhorse (NASDAQ: WKHS) shares fell 24.16% Tuesday to close at $3.39. Senate passage of the Inflation Reduction Act that includes significant money for electric vehicles and infrastructure fueled much of the stock’s run up. 

The...

https://www.freightwaves.com/news/workhorse-shares-tank-on-anemic-q2-revenue

Amazon electric delivery vans hit the road across US

Amazon Rivian electric delivery van

Your next Amazon delivery may arrive in silence.

That’s because the massive marketplace on Thursday announced that its custom electric delivery vans from Rivian have officially hit the road in over a dozen U.S. cities, including Chicago, Dallas, Seattle, Baltimore, San Diego and Nashville, Tennessee.

After making the largest EV order ever, which included 100,000 vehicles, in 2019, it appears Amazon (NASDAQ: AMZN) is ready to cash in on its investment. This week, the e-commerce giant said it plans...

https://www.freightwaves.com/news/amazon-electric-delivery-vans-hit-the-road-across-us

Rivian stake could be key to Ford’s EV success as it looks to topple Tesla

A fierce battle is raging between traditional carmakers and upstarts like Tesla to get the early lead in the electric vehicle race. Ford Motor Co. may hold the trump card though: a 12% stake in electric vehicle maker and Amazon-backed Rivian.

“We’re really excited about Rivian; it’s a great American company,” Ford CEO Jim Farley told CNBC’s Jim Cramer on the first edition of “Cramer’s Investing Club” on Thursday. “You can argue about what it’s worth versus what Ford is worth, but I really like...

https://www.freightwaves.com/news/rivian-stake-could-be-key-to-fords-ev-success-as-it-looks-to-topple-tesla

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