Wedbush Securities Analyst: As commercial fleets shift from gas to electric vehicles, ELMS is well-positioned to capture this industry-wide shift over the next decade.
The all-electric last-mile delivery van can help the University of Notre Dame reach its sustainability goals.
The company’s CEO cites a reliable rollout schedule, solid finances, and market potential as it prepares its last-mile delivery van model for a late 2021 debut and plans to unveil an electric Class 3 truck next month.
The EV manufacturer will expose the vehicle later this summer and says it’s drawing strong interest from fleet operators and FMCs.
As demand for eco-friendly vehicles surge, more OEMs and upfitters are working to meet fleet needs.
Businesses in the UK are planning a £15.8 billion ($22.16 billion) spend on fleet electrification over the next 12 months. It represents a 50% uplift year-on-year, having spent £10.5 billion on electric vehicles (EVs), plug-in hybrid electric vehicles (PHEVs), and on-site charging points in the previous 12 months to end March 2021.
As part of Ford’s just-released registration site for the electric E-Transit van, Ford has updated targeted battery ranges by body type, roof height, and wheelbase, along with targeted MSRPs for each configuration.
Mercedes has chosen its plant in North Charleston, S.C. and two plants in Germany to build the next generation electric Sprinter, starting in the second half of 2023.
In conjunction with Lightning eMotors, the deployment of the Lightning Electric Ford Transit 350HD electric vans follows a pilot of nine of the same vans in the U.S. last year.
ELMS plans to begin production of the Urban Delivery electric van by the end of 3Q 2021 at its Indiana manufacturing facility
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