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For century-old Mack Trucks, the 18-wheeled, bulldog-big rig future is still going to be EV - TL;DR CNBC

For century-old Mack Trucks, the 18-wheeled, bulldog-big rig future is still going to be EV

Publishing timestamp: 2024-03-03 09:36:54


Summary

Mack Trucks debuted its first battery-electric vehicle, a heavy-duty garbage truck, in 2021. The adoption rate of electric trucks is slow but steady, with orders increasing by 200%. While the EV market in the U.S. is still growing, it is not as fast as expected. Commercial buyers are calculating total cost of ownership to determine the viability of EVs. The industry is working on building out charging infrastructure to support the transition to commercial EVs.


Sentiment: MIXED

Tickers: CHPT

Keywords: transportationbreaking news: businesselectric vehicle manufacturingautoschargepoint holdings incelectric vehiclesbusiness newstrucking

Source: https://www.cnbc.com/2024/03/03/for-mack-trucks-the-18-wheeled-big-rig-future-is-still-going-to-be-ev.html


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