Where EV trucks are going to hit the road first
Publishing timestamp: 2023-02-10 10:09:05
Summary
Schneider, Volvo, Amazon, Rivian Automotive, and General Motors' BrightDrop are developing short-haul electric vehicles (EVs) to be used at ports and intermodal facilities due to pressure from state legislatures, environmental concerns, and economic benefits. Tesla is also developing long-haul EVs, but they are limited in range and are best suited for short-distance drayage transportation. Schneider has already deployed its first EV truck in Southern California and other companies are following suit. EVs are expected to save trucking companies money in the long run and the transition is taking place amid a stable economic environment.
Sentiment: POSITIVE
Tickers: TSLA, RIVN, AMZN, SNDR, NKLA,
Keywords: nikola corp, elon musk, electric vehicles, transportation, tesla inc, business news, trucking, alternative and sustainable energy, schneider national inc, long beach, los angeles,
Source: https://www.cnbc.com/2023/02/10/where-electric-trucks-are-going-to-hit-the-road-first.html