The auto industry is dominated by electric passenger vehicles. However, light delivery vans could profit more from electric vehicles in terms of operating costs and range advantages. Currently, light commercial trucks make up a very small portion of all electric motor vehicles marketed; however, electric vehicles are quite suited to working fleets of vans in a number of ways.
Delivery vans and trucks do not require huge, pricey batteries because they frequently travel fixed distances or well-planned routes every day. The majority of them are able to cover a 100-mile distance prior to another charge. One reason why electric vehicles are substantially priced higher than conventional vehicles is because consumers wish to cover a 250- to 300-mile distance without a recharge since they worry about getting stuck somewhere far from an accessible recharge point.
Most of the time, electric trucks are parked during the night in parking areas where they are able to conveniently charge their batteries and will be able to proceed on a fully loaded battery by early morning. Moreover, they do not require as much maintenance as conventional cars.
Owners of truck fleets tend to be more willing than other customers to tolerate high price quotes for the purchase of an electric truck in order to save money on maintenance costs in the long run.
However, sales of commercial trucks have gotten off slowly in the beginning, partly due to the difficulties faced by some companies that had hopes of producing them. For instance, startups such as Lordstown Motors, Canoo and Arrival have failed to launch or increase manufacturing.
This delay has opened the way for General Motors and Ford, who are among the biggest car companies in the country, to release their own line of electric commercial trucks. The E-transit from Ford is available in a range of sizes and has a variety of uses.
In the past year, Ford sold E-Transits totaling roughly 6,500. In March, the American Postal Corporation placed an order for 9,250 of them, with delivery anticipated by 2024.
General Motors established a separate subsidiary called BrightDrop to construct a larger truck specifically designed for parcel and freight deliveries. This year, BrightDrop commenced commercial manufacturing for its Zevo 600 vehicle at the Ontario facility after producing a test fleet of approximately 500 electric vans, which were shipped to clients last year.
In addition to the truck, BrightDrop has created an electric cart so that drivers can move numerous packages off the vehicle at once, minimizing the multiple round trips the driver makes while offloading the vehicle.
As other companies such as Kandi Technologies Group Inc. (NASDAQ: KNDI) invest in developing the next generation of EV batteries for all market segments, including delivery vans, a time could come when vehicle range is no longer an issue and the switch to electric mobility skyrockets around the world.
About Green Car Stocks
Green Car Stocks (GCS) is a specialized communications platform with a focus on electric vehicles (EV), as well as other emerging market opportunities in the green sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to millions of social media followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, GCS is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, GCS brings its clients unparalleled visibility, recognition and brand awareness. GCS is where news, content and information converge.
To receive SMS text alerts from Green Car Stocks, text “Green” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.greencarstocks.com
Green Car Stocks is part of the InvestorBrandNetwork.