Nikola's Dominance in North American Market with Electric and Hydrogen-Powered Trucks
Key Ideas
- Nikola leads the heavy-duty fuel cell electric vehicle market in North America with over 90% share, shipping 203 trucks in the first three quarters of 2024.
- DHL Supply Chain and Diageo North America are incorporating Nikola fuel cell electric trucks to reduce carbon emissions and achieve zero emissions goals by 2030 and 2050 respectively.
- The hydrogen-powered trucks can operate for up to 500 miles on a single charge, contributing to a significant reduction in carbon emissions compared to diesel trucks.
- Nikola faced a setback in 2023 with a recall of over 200 electric trucks due to a battery pack fire concern but has since resumed production with upgrades and plans to offer both electric and fuel cell options in the market next year.
Nikola Corporation, a key player in the electric and hydrogen-powered truck market, announced its dominance in North America during a Q3 earnings call. With over 90% share in the heavy-duty fuel cell electric vehicle market, Nikola shipped 203 trucks in the first three quarters of 2024, marking a significant increase from the previous year. DHL Supply Chain and Diageo North America are among the customers incorporating Nikola fuel cell electric trucks to reduce carbon emissions. By replacing diesel trucks with hydrogen-powered ones, the companies aim to achieve significant reductions in carbon emissions, with Nikola trucks capable of operating up to 500 miles on a single charge. This move aligns with Diageo's goal of zero emissions by 2030 and DHL's target by 2050. Despite a setback in 2023 due to a recall of electric trucks, Nikola has resumed production with upgrades, including a new driver assistance system. Looking ahead, Nikola plans to offer both electric and fuel cell powertrain options in the market, highlighting their commitment to zero emissions and sustainability.
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North America
Renewable Energy
Technology
Innovation
Sustainability
Automotive
Business
Logistics
Environmental
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