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electric truck incentives
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
Real estate investors surge into electric truck charging
Somewhere around the middle of the Netflix movie “The Founder,” actor Michael Keaton’s Ray Kroc character is told that his franchise success turns on real estate, not flipping hamburgers.
The same could be said of the nascent electric truck charging business. Every electric charging depot needs land. As part of a multiprong strategy, the biggest real estate developers and a host of well-funded startups are gobbling up acreage for future sites.
The opportunity is enormous. The California Energy...
https://www.freightwaves.com/news/real-estate-investors-surge-into-electric-truck-charging
Incentives could shave 70% off price of Nikola fuel cell truck
If Nikola qualifies for California’s $240,000 subsidy on its Tre hydrogen fuel cell electric truck and some other spiffs apply, a buyer could save 40% to 70% off the upfront cost of the zero-emission truck.
The technology — a fuel cell’s only emission is water vapor — still makes the Tre FCEV pricey. Nikola won’t give a specific figure, but something close to $1 million per unit before incentives would not be far off. That doesn’t count hydrogen fuel, which likely would be more expensive than...
https://www.freightwaves.com/news/incentives-could-shave-70-off-price-of-nikola-fuel-cell-truck
Loaded and Rolling: Trailer pools’ hedge rate declines; electric truck infrastructure interview
Trailer pools as a hedge against contract rate declines
(Photo: Jim Allen/FreightWaves)While digging through earnings reports and CEO comments, I found a few very interesting quotes on how enterprise carriers utilize trailer pools as a form of hedging against drastic contract rate reductions. Not only is this strategy useful for the carrier to avoid the often two-plus hours of waiting for a live load/unload appointment, but it frequently gives shippers flexibility to load equipment at their...
Truck Tech: Electric incentives edition
The supply is running low. But getting in on California’s free money for electric truck purchases is still doable. Also, Walmart lays out its plan for sustainable over-the-road trucking. And Kodiak Robotics shows the ease of maintaining autonomous tech on its fourth-generation truck.
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There’s a voucher for thatIt’s no secret that a Class 8 electric truck can cost three times as much up front as a...
https://www.freightwaves.com/news/truck-tech-electric-incentives-edition
Nikola posts first, albeit tiny, gross profit on electric truck chargers
Nikola Corp. posted its first-ever gross profit in Q1, a milestone for the electric truck maker that also recorded 134 heavily incentivized orders from fleets planning to operate in California.
The startup electric truck maker began regular production of its battery-electric Class 8 Tre BEV cabover on March 21. Nikola shipped 11 trucks at the end of April to dealers to fulfill customer orders.
Forty preproduction trucks built in Q1 are being used by dealers as demonstration units. Univar Solutions
Truck Tech: California electric dreams edition
California does its bit for small fleets looking to electrify; Amazon Web Services makes cloud storage for automotive autonomy a thing; and Peterbilt takes immersive reality to the service bay. And yes, we have changed our name.
Beginning this week, Truck Talk is now Truck Tech, a title that better describes the newsletter’s content. We still offer perspective, context and commentary on the trucking ecosystem and its evolution through autonomous, connectivity and electrification technologies.
Lo...https://www.freightwaves.com/news/truck-tech-california-electric-dreams-edition
Truck Talk: Trash talking edition
This week, we’re talking trash. Not what’s in it, but what moves it. The frequent stop-and-go operation of garbage trucks make them ideal for electrification. So why aren’t they being adopted more quickly?
Waste notIs there a better vehicle candidate for electrification than the unlovable garbage truck?
They start and stop for a living. Regenerative braking captures energy to put it back into the battery. Garbage is still going to be smelly. But take away the diesel fumes spewing from the...
https://www.freightwaves.com/news/truck-talk-trash-talking-edition
Truck Talk: Proxy plumbing edition
This week, we’re looking at the salaries of some CEOs at de-SPACed electric vehicle startups whose share values are plummeting, and the 15-year anniversary of a technology that literally drives the industry.
The de-SPACed pay pictureProxy materials typically don’t make scintillating reading. But a company’s top earners can be interesting, especially when the CEOs hold the majority interest in their companies — and draw a salary and other dollar-denominated perks.
We’ve seen a couple of paper...
https://s29755.pcdn.co/news/truck-talk-proxy-plumbing-edition