Tag

Zero Emission Trucks

All articles tagged with #zero emission trucks

politics1 year ago

"Biden Administration Unveils National Strategy for Electrifying Heavy-Duty Truck Infrastructure"

The Biden Administration has unveiled a comprehensive strategy to electrify the nation's trucks by 2040, targeting specific freight corridors for infrastructure improvement in order to achieve 100% zero-emission new truck sales. The plan, a collaboration between the Departments of Transportation and Energy and the Environmental Protection Agency, prioritizes routes with heavy truck traffic and aims to reduce pollution in disproportionately affected communities. The strategy focuses on short-term electrification of routes with the best cost-of-ownership advantages, while also considering the potential of hydrogen for long-haul trucking. The plan does not allocate additional funding but aims to direct existing resources towards electrification efforts, with billions of dollars already committed by the federal government.

business2 years ago

Nikola Corp. Founder Receives Prison Sentence for Fraudulent Emission Claims

Trevor Milton, the founder of Nikola Corp., has been sentenced to four years in prison and ordered to pay a $1 million fine for exaggerating claims about his company's production of zero-emission trucks, causing investors to lose money. Milton was convicted of fraud charges after falsely claiming to have built a revolutionary truck and doctoring videos to hide flaws. Despite his tearful plea for leniency, the judge believed the jury got it right and emphasized the material falsehoods Milton spread through social media.

business2 years ago

J.B. Hunt Partners with Nikola for Zero-Emission Truck Purchase

J.B. Hunt Transport Services Inc., a major supply chain solutions provider, has announced an agreement to purchase 13 zero-emission Class 8 trucks from Nikola Corporation. The order includes 10 battery-electric and three hydrogen fuel cell electric vehicles, which will be strategically located at facilities servicing J.B. Hunt's key routes. This purchase is part of J.B. Hunt's commitment to reducing carbon emissions and achieving its goal of reducing carbon emission intensity by 32% by 2034. The first vehicles are expected to be delivered in August 2023.

business2 years ago

Iveco Group Takes Over Joint Venture with Nikola Corporation

Iveco Group and Nikola Corporation are entering a new phase of their partnership, with Iveco Group assuming full ownership of the joint venture in Ulm, Germany. Each company will focus on heavy-duty transport in their respective regions, with Iveco Group concentrating on Europe and Nikola focusing on North America. Iveco Group will cover the capital outlay for this new phase of collaboration through available liquidity, acquiring the joint venture partially in cash and partially in Nikola shares. The provisions are subject to regulatory approvals and preparation of definitive agreements.

environment2 years ago

Maryland's Environmental Progress: Clean Energy, Wind Turbines, and Tech Funds.

Maryland Governor Wes Moore has signed bills into law that aim to reduce the state's reliance on fossil fuels and move towards 100% clean energy by 2035. One bill incentivizes private investment to expand offshore wind capacity to 8.5 GW by 2031, while another requires manufacturers to sell an increasing percentage of zero-emission trucks and buses beginning in 2027. The legislation has drawn criticism from Republican lawmakers who argue that it will impact state residents financially. Maryland is one of 17 states that agreed to follow California's emission standards.

environment2 years ago

California to phase out diesel trucks with EPA approval.

The US Environmental Protection Agency has approved California's plan to phase out diesel-powered trucks, requiring truck manufacturers to sell an increasing number of zero-emission trucks over the next couple of decades. The new truck standards are aimed at companies that make trucks and those that own large quantities of them. Companies owning 50 or more trucks will have to report information to the state about how they use these trucks to ship goods and provide shuttle services. The transportation sector accounts for nearly 40% of California’s greenhouse gas emissions.