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40%  
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Keyword: smithelectrictrucks

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  • Bottomless Subsidies Needed to Keep DOE Electric Truck Project Alive

    07/08/2013 8:29:26 AM PDT · by jazusamo
    NLPC ^ | July 8, 2013 | Paul Chesser
    Despite little news over the past nine months since its last-minute abandonment of an initial public offering that was supposed to raise $76 million in cash, stimulus recipient Smith Electric Vehicles is showing little evidence it can inspire demand for its commercial trucks, like its plug-in car counterparts. Smith’s selling point for its step vans was that, unlike electric automobiles, delivery routes in urban areas did not require a long range between refueling (or, recharging). Frequent stops and short distances alleviated the “range anxiety” that accompanies cars like the Nissan Leaf. Frito-Lay, Coca-Cola and Staples were cited as early adopters...