21:23:22 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



General Motors Company
Symbol GMM
Shares Issued 1,451,677,428
Close 2017-11-15 U$ 42.74
Market Cap U$ 62,044,693,273
Recent Sedar Documents

Globe/AP say GM sees electric trucks gaining popularity

2017-11-16 08:35 ET - In the News

The Globe and Mail reports in its Thursday edition that electric trucks are having a moment in the spotlight, but they will not replace diesel-powered trucks in big numbers until they overcome costs and other limitations. An Associated Press dispatch to The Globe says that that Tesla plans to unveil a semitractor-trailer this week, its first foray into trucking. German automaker Daimler AG showed off its own electric semi last month and says it could be on sale in a few years. Truck rental company Ryder just added 125 all-electric vans made by California start-up Chanje to its fleet. "We've seen different fuels come and go, and electric has gotten to the front of the line," said Glen Kedzie, environmental counsel at the American Trucking Associations. As battery costs fall and more options enter the market, global sales of pure electric trucks are expected to grow exponentially, to 70,600 in 2026 from 4,100 in 2016. Delivery companies, mail services and utilities will be among the biggest purchasers. Most electric trucks on the road will be medium-duty vehicles such as delivery vans or garbage trucks. A longer range than 160 kilometres requires more batteries, which are heavy and expensive.

© 2024 Canjex Publishing Ltd. All rights reserved.