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Electric pickup startup Lordstown Motors goes public via SPAC; $1.6B transaction

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Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). In November 2019, the Lodstown Motors acquired the Lordstown Complex, formerly a General Motors Corporation (GM) factory.

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IDTechEx calculates ~31 GWh of electric vehicle markets beyond cars in 2021

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While electric cars will remain the largest electric vehicle market for the foreseeable future in terms of battery demand and market revenue generation, most transport sectors are facing a transition. CII is a measure of the carbon emissions per amount of cargo carried per mile and targets reducing emissions operationally.

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Leclanché to provide battery technology for Canadian Pacific’s hydrogen-powered locomotive project

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CP operates a 21,000-km (13,000-mile) rail network across Canada and the USthat serves deep-water ports on the Atlantic and Pacific Oceans. The market for freight rail is large and growing across the world. The distance travelled by Canada’s freight trains, measured by freight train-miles, increased by 5.4%

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Consumer Reports analysis finds EV owners spending half as much on maintenance compared to owners of gas-powered vehicles

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Consumer Reports (CR) analyzed its 2019 and 2020 reliability survey data for many thousands of electric and gas-powered vehicles, and found that drivers of electric vehicles are saving an average of 50% on maintenance and repair over the life of a vehicle compared to owners of gas-powered vehicles.

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Octillion Power Systems debuts new EV battery-leasing plan

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Ultimately, this will allow Octillion to build market cases for traditional financing groups eager to get into battery leasing but concerned by the technology. In a 2019 survey, customers in the market for a new vehicle were asked why they would be hesitant to purchase an electric vehicle (EV). —Paul Beach.

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DOE awards Cummins $1M to develop hydrogen rescue truck

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The Cummins-led project was competitively selected under an industry solicitation issued in February to develop a fuel cell-powered hybrid truck that meets the needs of the emergency field in military and civilian markets. The group successfully brought zero emissions electrified powertrains to bus markets in North America in 2019.

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NREL study finds high-pressure hydrogen pipeline system could potentially make hydrogen cost-competitive with gasoline

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About half of the levelized cost of retail station hydrogen can be attributed to hydrogen delivery, compression, and dispensing costs. Department of Energy (DOE) estimates that a dispensed cost of about $7/kg must be achieved to make FCEVs competitive with gasoline internal combustion engine vehicles in early FCEV markets.

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