Orange EV Approved for Calif. Incentives
Orange EV Class 8 pure-electric heavy-duty terminal truck. (PHOTO: Orange EV)
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Orange EV Class 8 pure-electric heavy-duty terminal truck. (PHOTO: Orange EV)
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Orange EV announced that California fleets can save at least $95,000 per truck on the purchase of brand new T-Series pure electric terminal trucks with the extended-duty battery pack.
Orange EV electric terminal trucks have been operating up to 24-plus hours per charge at sites from single-shifts to 24×7 use in railroad intermodal, LTL freight, manufacturing, retail distribution, waste management, and warehouse container handling. Businesses and organizations with fleets in California can get a preliminary voucher amount of $95,000 per truck, increasable up to $120,000 and stackable with other incentive programs to lower initial purchase price.
Businesses and organizations with fleets in California can get a preliminary voucher amount of $95,000 per truck, increasable up to $120,000 and stackable with other incentive programs to lower initial purchase price.
“California HVIP vouchers dramatically simplify and speed up the process of obtaining funds, thereby accelerating vehicle deployment,” said Mike Saxton, Orange EV chief commercial officer. “Orange EV’s T-series and the corresponding voucher amount are all pre-approved, eliminating uncertainty and enabling fleets to execute deployment plans without having to go out-of-pocket for the additional capital.”
The voucher request including purchase terms & conditions is a total of four pages long; vouchers can be approved within days. Participating fleets commit to operating trucks in California for a minimum of three years, after which they may redeploy vehicles as needed. HVIP funds are paid directly to Orange EV thus directly reducing the capital fleets need to purchase T-Series trucks.
Orange EV has consistently been the first OEM approved, funded and delivering commercially available terminal trucks under incentive programs that can pay more than half of vehicle purchase price. The balance can be financed, further reducing initial cash outlay and helping fleets pay the balance from savings in large expense …Read the rest of this story
