Trucks Clips: August 21, 2023

 

Truck Manufacturers

 

Proterra Inc.

 

Who Wants A Piece Or Two Of Proterra? — “Those surprised by Proterra Inc.’s Chapter 11 bankruptcy filing earlier this month probably should not have been. The signs of financial stress were all there. Lower-than-expected revenue. The high cost of sales. Even as the company’s cash burn slowed, lenders applied a vice grip in the form of restrictive loan covenants. Proterra had tried without success last spring to find a buyer for its flagging electric transit bus business. Incentives to help customers offset the upfront cost of buying a bus

 

 

Medium- and Heavy-Duty Vehicles

 

Op-Ed: Truckers’ Health & The Rise Of Zero-Emission Trucks — According to NRDC, “The trucking industry is the backbone of the global economy, as companies deliver products across vast distances for our convenience. In 2021, 72 percent of goods in America were shipped by trucks, highlighting the economic importance of the trucking industry and its drivers. However, the diesel trucks that power this industry come at a significant cost, emitting harmful emissions that pose serious threats to public health and the environment. Truck drivers bear the brunt of this pollution since they encounter harmful diesel exhaust fumes as a regular part of their daily work routine. Transitioning to zero-emission trucks not only has the potential to improve truck drivers’ health but also offers a path toward a more sustainable future.” [CleanTechnica, 8/20/23 (+)]

 

 

States & Local

 

Charging Forward: LCPS Adds Electric Buses To Fleet — “To cut air pollution and long-term energy and maintenance costs, Loudoun County Public Schools is adding 16 electric buses to their fleet. The vast majority of the school division’s approximately 750 buses run on diesel fuel. The school division’s first five electric buses hit the road in 2021 through Dominion Energy’s electric school bus program, which began in 2019 as part of a long-term effort to replace diesel buses. Six of the new electric buses were delivered on Aug. 3 and five are due in September and the other five in November, according to Kenneth Scott Davies, LCPS transportation director. Davies said the 16 buses were funded with about $4.2 million in Volkswagen settlement money administered by the Virginia Department of Environmental Quality. The settlement was over Volkswagen rigging vehicles with computer software to cheat on federal emissions standards. The settlement included a $2.7 billion mitigation trust fund, according to the U.S. Environmental Protection Agency. The company also paid a $1.45 billion civil fine. Davies said diesel buses cost about $140,000, while electric buses cost about $390,000. Money from Dominion and the settlement covered the difference.” [Loudoun Times-Mirror, 8/16/23 (=)]

 

 


 

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