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XL Fleet going public via merger with SPAC Pivotal Investment Corporation II; expanding fleet portfolio to all-electric solutions

Green Car Congress

XL Fleet and Pivotal Investment Corporation II, a publicly traded special purpose acquisition company (SPAC), have recently entered into a definitive merger agreement. In 2020, more than 50 SPACs have been formed in the US as of the beginning of August, raising some $21.5

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XL Fleet: largest partner expects to double orders in 2021 to more than 2,000 units

Green Car Congress

XL Fleet announced that Farmbro Inc., an Ontario-based upfitting solutions service provider specializing in commercial and work vehicles, expects to double its sales volume from approximately 1,000 XL unit installations in 2020 to more than 2,000 in 2021 to meet the increasing demand for fleet electrification in Canada.

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Ford opens E-Transit Registration site for commercial customers; new pricing

Green Car Congress

Ford is opening an E-Transit registration site today for commercial customers ahead of order banks opening by July. To date, more than 450 commercial customers in North America, including 200 top fleets and fleet management companies, have said they’re interested in purchasing the E-Transit.

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Fluid Truck orders 600 Lightning electric trucks and vans

Green Car Congress

Lightning Systems, a provider of complete electrification solutions for urban commercial fleets, announced that Fluid Truck, a national truck rental platform, will incorporate 600 Lightning Electric vehicles into its fleet, with availability starting in Q4 2020.

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BloombergNEF annual battery price survey finds prices fell 6% from 2020 to 2021

Green Car Congress

This marks a 6% drop from $140/kWh in 2020. This creates a tough environment for automakers, particularly those in Europe, which have to increase EV sales in order to meet average fleet emissions standards. Companies like Renault and Ford have publicly announced targets of $80/kWh by 2030.

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Ecolab Plans to Purchase 1,000 EVs to Electrify California Fleet

The Truth About Cars

That said, commercial buyers, especially those with large fleets, may be the short-term savior for automakers with deep EV investments. Ford recently announced that Ecolab would purchase more than 1,000 EVs to electrify its California operations through the next year. Image: Ford] Become a& TTAC insider.

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Lightning Systems lowers prices of electric powertrains while adding and enhancing features

Green Car Congress

Enhanced telematics and new remote software management features for fleet managers and drivers. With fewer than 1,000 commercial electric vehicles expected to be built overall during 2020, every commercial vehicle OEM has struggled with high prices due to the low production volumes — but that is now changing for Lightning.

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