First published on
Electric trucks will accelerate on delivery, research and absorption into fleets in 2021, even though experts doubt more than a few Class 8 trucks will be delivered to carriers.
The electric truck is a crucial part of government and fleet plans to help decrease emissions. But implementation in the United States has been slow. In August, Wood Mackenzie estimated just over 2,000 electric trucks were in service at the end of 2019. The research firm said by 2025, the electric truck fleet will grow to 54,000.
The political winds and consumer tastes favor a change in how trucks are fueled. The new administration seems eager to help make the transition, and President Joe Biden campaigned on a promise of net-zero emissions in the U.S. no later than 2050.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Meritor Announces Executive Appointments
Meritor, Inc. logo. (PRNewsFoto/Meritor, Inc.) (PRNewsfoto/Meritor, Inc.)
TROY, Mich., Feb. 1, 2021 /PRNewswire/ Meritor, Inc. (NYSE: MTOR) (the “Company” or “Meritor”) today announced executive appointments, which are effective March 1, 2021.
These appointments align with the previously announced leadership transition in which Jay Craig, chief executive officer and president, will transition to the role of executive chairman of the Board of Directors on Feb. 28, 2021, and Chris Villavarayan, executive vice president and chief operating officer, will succeed Mr. Craig as chief executive officer and president, and a director on the company’s board.
Share:
Navistar International Corp. (NYSE: NAV) reported COVID-impacted lower sales and earnings for its fourth quarter and fiscal year on Thursday. It is likely the final independent earnings report before its $3.7 billion sale to Volkswagen AG s Traton Group closes in 2021.
Navistar executives skipped the quarterly call with analysts because of the Nov. 7 definitive merger.
Key financial highlights
Fourth-quarter net loss of $236 million, or $2.36 per diluted share, including $297 million of tax-affected significant items. Adjusted net income of $61 million on revenues of $2.1 billion compared to $2.8 billion in the fourth quarter of 2019. Net income in the same quarter of 2019 was $102 million, or $1.02 per diluted share.
DTNA Says Portland Plant Will Be First to Achieve Carbon-Neutral Production ttnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ttnews.com Daily Mail and Mail on Sunday newspapers.
With rapid reductions in purchase price and a wide array of models, electric vehicles (EVs) are projected to gain broad acceptance in the coming years as cost-competitive, high-performance, lower-carbon transportation options. EVs are projected to comprise 40 percent of new car purchases by 2030, up from 2 percent today, and 18 percent of vehicle miles traveled. In addition, many companies and communities have expressed their desire to switch from gasoline or diesel buses, delivery vans, work trucks, and ridesharing vehicles to electric alternatives. The expected rapid growth in vehicle electrification is considered key to achieving an effective, economy-wide decarbonization strategy.
Vehicle electrification will place new demands on electric utilities and require substantial infrastructure investments. It will require increased research and development in numerous areas, including resiliency, interoperability, and utility/customer planning tools.