![]() Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. As a designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. ![]() Nikola Corporation is globally transforming the transportation industry. The company’s fuel-cell-electric semi-trucks will be produced at Nikola’s Coolidge, Arizona facility beginning in 2023. Nikola is also planning to break ground on its first commercial hydrogen station in 2021. Nikola has laid out a roadmap that begins deliveries of Nikola Tre battery-electric semi-trucks in the US in 2021. Nikola remains laser-focused on delivering on our battery-electric and fuel-cell electric commercial truck programs, and the energy infrastructure to support them.” ![]() “We support and respect Republic Services’ commitment to achieving environmentally responsible, sustainable solutions for their customers. “This was the right decision for both companies given the resources and investments required,” said Nikola CEO Mark Russell. As a result, the program is being terminated resulting in the cancellation of the previously announced vehicle order. The goal of the collaboration was to design and build an industry-first fully integrated refuse truck based on a zero-emissions battery-electric drive platform and body while also integrating multiple new systems into a new state-of-the-art vehicle.Īfter considerable collaboration and review, both companies determined that the combination of the various new technologies and design concepts would result in longer than expected development time, and unexpected costs. ![]() Department of the Treasury to better understand how the law will be interpreted.PHOENIX, December 23, 2020-Nikola Corporation (NASDAQ: NKLA) announced today that Nikola and Republic Services (NYSE: RSG) have discontinued their collaboration on refuse truck development. Vos said Energy Vision is awaiting guidance from the U.S. WM and Republic Services suggested on recent earnings calls that the annual impact of the fuel credit would be about $55 million and $15 million, respectively. The Inflation Reduction Act extended through 2024 the previously expired alternative fuels tax credit, a 50-cent-per-gallon fuel credit or payment. Incentives also exist for fleets with vehicles that run on compressed natural gas, Vos noted. He noted higher expenses associated with electric vehicles, the need for charging infrastructure investments and lingering questions about commercial readiness. However, for fleets that haven’t decided to go electric, “I am not sure if the incentives that are available for electric vehicles are necessarily going to push you in the direction of electrification,” Vos said. Phil Vos, program director at Energy Vision, a research institute focused on the intersection of waste management and sustainable transportation, said the incentives are “certainly going to help for people who are already leaning toward ultimate electrification.” EPA August 25, 2022Īlternative fuel vehicles are poised to get a lift from the Inflation Reduction Act. A section of the law on qualified clean commercial vehicles offers up to $40,000 worth of tax credits for vehicles exceeding 14,000 pounds.Ī recent Rocky Mountain Institute analysis of how the bill could electrify heavy-duty trucking notes “a new $1 billion Clean Heavy Duty Vehicles rebate program for state, municipalities, Indian tribes, and school associations to convert fleets to zero-emissions heavy-duty vehicles and other funding for disadvantaged communities that could be used to electrify local depots.” A bill analysis by Senate Democrats called out “garbage trucks” specifically as a target for funding, alongside transit and school buses. With funding from Inflation Reduction Act, we’re going to replace heavy-duty trucks (like your garbage truck ?) with zero-emission models ⚡️ - and ensure all communities have cleaner air to breathe. Taking out the trash and pollution at the same time! Bob Casey, D-Pa., also recently test-drove a Mack LR Electric Class 8 collection vehicle. The event was used to tout the recently signed Inflation Reduction Act, with the video noting $1 billion “to replace dirty heavy-duty trucks with zero-emission models.” Sen. EPA Administrator Michael Regan exclaimed during a recent test drive of a Mack electric refuse vehicle, per a video shared on Twitter last week. “I’ve done a lot of things but never driven an electric garbage truck,” U.S.
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