Search Results Found For: "Volvo "

Amazon to invest a billion euros to electrify its fleet in Europe

Amazon is moving full speed ahead to electrify its European vehicle fleet. The delivery diva will invest a billion euros ($975 million) over the next five years in electric vans, trucks and low-emission package hubs in Europe. Amazon said the plan is to expand its electric van fleet in Europe from the current 3,000 vehicles… Read more »

Electric Freight Consortium aims to advance freight electrification

The Electrification Coalition (EC) has established a new forum for collaboration among industry leaders in the freight transportation sector to accelerate freight electrification. The new Electric Freight Consortium (EFC) aims to bring together the full fright ecosystem—shippers, carriers, retailers and EV supply chain companies. It will “identify pilot project opportunities, plan implementation, diagnose challenges, develop… Read more »

The Tesla Semi is in production at last! Pepsico will get the first deliveries.

The Tesla Semi, an electric Class 8 truck, was hailed as a game-changer when it was unveiled in 2017. However, planned production dates were pushed back repeatedly, and other companies (Kenworth, Freightliner, Volvo) beat Tesla to the market, while the erstwhile EV trend-setter pursued other priorities. Now Tesla has announced that Semi production has begun,… Read more »

The redesigned federal EV tax credit and other EV-related measures

Unpacking the Inflation Reduction Act The recent passage of the Inflation Reduction Act—a sweeping package of tax, health care and climate measures—was like the happy ending to one of those heartwarming “Save Christmas” stories. We may never know what Machiavellian machinations persuaded Senator Manchin to release Santa Claus, but the merry old elf is coming… Read more »

Electrify America to install charging stations with battery energy storage for drayage trucks at the Port of Long Beach

Electrify America is becoming an essential stakeholder in the electrification of the Port of Long Beach’s drayage fleet. The company plans to install 30 electric fleet-dedicated chargers paired with battery energy storage systems (BESS) at the Port, as part of EA’s $25-million Green City investment at the Ports of Long Beach and Los Angeles. Electrify… Read more »

Northvolt raises $1.1 billion to support factory construction in Europe

Battery innovator Northvolt has issued a $1.1-billion convertible note to finance its expansion of battery cell and cathode material production in Europe. Investors participating in the capital raise included the Volkswagen Group, along with a raft of global financial institutions. This capital raise brings the amount Northvolt has secured since 2017 close to $8 billion…. Read more »

The promise of wireless charging: smaller batteries, longer battery life, fewer charging stations

Q&A with Momentum Dynamics Wireless charging is nothing new—Charged has covered wireless EV charging since at least 2011—but it may be that its true value is only coming into focus now, as more and more commercial and transit fleets are electrifying. There are many reasons (safety, reliability, liability) that a fleet operator might not want… Read more »

Northvolt raises $1.1 billion to expand cell and cathode material production in Europe

Northvolt has raised $1.1 billion from investors to expand battery cell and cathode material production in Europe. The company’s cell production facilities include Northvolt Ett Gigafactory and a joint venture with Volvo in Sweden as well as the Northvolt Drei Gigafactory in Germany. Northvolt is also developing Northvolt Fem—a cathode factory in Sweden. “A key… Read more »

New reports analyze US electric truck market and global off-highway EV market

Research and Markets has released a pair of reports that examine the two segments of the commercial EV market. The company’s “U.S. Electric Truck Market Research Report” analyzes the current e-truck market, offers profiles of key players, and makes some forecasts for the future. R and M expects revenue from the US electric truck market… Read more »