Consumer electric vehicles are rising in popularity among US drivers, and companies hope to build success creating new generations of electric trucks and buses. To help fight increasing fuel costs, there has been an increased effort in eco-friendly commuter buses and trucks - but most still rely on diesel.
"It's really our vision and mission to free trucks and buses from fossil fuels," said Jim Castelaz, CEO of Motiv Power Systems. Motiv was founded five years ago, isn't profitable, and has just seven electric trucks currently out and about - with one of them currently in the shop. However, Motiv may be working towards a sweet spot by providing truck manufacturers with software and components to manufacture their own electric vehicles.
However, if three million medium duty trucks are replaced with electric trucks, companies could collectively save $100 million per day for fuel costs alone, Castelaz predicts.