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REE closes $15M share offering, links with Airbus, and showcases demo EV at Work Truck Week

Baua Electric

Lastly, REE is showcasing its full-by-wire electric truck (seen above) at Work Truck Week in Indianapolis, Indiana. The REE demo truck debuted during a private Knapheide Distributor Event on Tuesday, in which Knapheide’s sales and installation partners got to experience the complete vehicle solution up close.

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Lightning Hybrids secures order for 35 hydraulic hybrid systems from Kiessling Transit

Green Car Congress

Kiessling Transit’s vehicles, featuring new 2015 and 2016 model year Ford E450 chassis and Elkhart Coach bodies, will have the Lightning Hybrids patented parallel hybrid system installed prior to delivery this summer. Hydraulic pumps and a lightweight accumulator store braking energy and use the stored energy to power the wheels.

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U.S. electric cars are starting to gain mass support

Setec Powerr

At the UN climate conference in November 2021, six major automakers, including Ford and General Motors, pledged to stop selling new gasoline and diesel vehicles by 2040. “In Indianapolis, most people still think cars should run on gasoline.” President Joe Biden has set a goal that by 2030, half of new car sales in the U.S.