As the transition to electric vehicles (EVs) continues, industry experts at Mitsubishi HC Capital America expect the pace of adoption to pick up in 2024, all while continued challenges and changes in regulation, labor and the incentive, rebate and...
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December 11, 2023, 07:22 AM
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From the ACDI Solutions Summit, GreatAmerica Financial Services Corporation has announced a program for financing Electric Vehicle Supply Equipment (EVSE). The equipment financing company has already financed over $1 million in transactions with this...
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November 15, 2023, 07:18 AM
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Ryder System, Inc. announced its plan to introduce 4,000 BrightDrop Zevo 600 and Zevo 400 electric vans to its lease and rental fleet through 2025, with the first 200 to be ordered this year. The announcement underscores the company’s ongoing efforts...
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April 04, 2023, 07:12 AM
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Burger King transitioned 31 percent of its North American field team fleet to electric vehicles (EVs) across 16 states, with the goal of 100 percent EVs by 2030. This move is the next step in delivering on Restaurant Brands International’s (parent...
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March 28, 2023, 07:20 AM
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The Lion Electric Company, a manufacturer of all-electric medium- and heavy-duty vehicles, announced the company has entered into an agreement with Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, and its related company...
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February 13, 2023, 07:25 AM
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DLL, a global financial solutions provider, announced a financing partnership with Waev Inc., an electric mobility provider. DLL will serve as a preferred financing partner for Waev’s GEM and Taylor-Dunn brands in the United States, offering both...
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December 27, 2022, 07:25 AM
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AlixPartners, a global consulting firm, released an analysis of the fleet industry (commercial and governmental) in the United States finding that operators could be wasting a lot of the whopping $75 billion that AlixPartners forecasts needs to be...
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November 11, 2022, 07:20 AM
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United Rentals, Inc., the world’s largest equipment rental company, announced it has provided all-electric trucks to Shell for use at its Geismar (La.) Chemical Manufacturing site. Shell is using the rental equipment to support plant maintenance...
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November 03, 2022, 07:05 AM
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Fleet Advantage announced it will be placing orders for 200 – EV Class 8 tractors for deliveries commencing in the calendar year 2023. Fleet Advantage has 14,000 tractors under management and is committed to assisting its customers’ transition to...
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October 27, 2022, 07:20 AM
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Battle Motors, Inc., formerly Crane Carrier Company (CCC), an over 70-year-old manufacturer of Class 6-8 heavy-duty work trucks, and ENGS Commercial Finance Co. have partnered to launch an industry-best customer finance platform in Battle Motors...
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October 13, 2022, 07:20 AM
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Vancity Community Investment Bank (VCIB), Canada’s only values-driven bank and a subsidiary of Vancity Credit Union, announced a partnership with Seven Generation Capital (7Gen), the first company in Canada that supports fleet operators in deploying...
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July 29, 2022, 05:00 AM
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Tenet unveiled a new financial solution that lowers the cost of ownership for EVs and ushers in a new era that puts carbon-free emissions within reach for almost every new car owner and buyer. Launching with its innovative EV financing platform that...
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July 01, 2022, 07:05 AM
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United Rentals, Inc., the world’s largest equipment rental company, announced a new agreement with Ford Pro to purchase all-electric vehicles for its North American rental and company fleets. The agreement initially includes orders for 500 F-150...
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May 12, 2022, 07:09 AM
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The move to clean energy is on for commercial truck dealers, OEMs and upfitters looking for opportunities to retain and gain a competitive advantage, as well as meet environmental and sustainability goals. Electric vehicles (EVs) are among the first...
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March 31, 2022, 07:16 AM
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Nikola Corporation and ENGS Commercial Finance Co., a member of Mitsubishi HC Capital Group (MHC), announced a signed agreement to facilitate sales of Class 8 Nikola Tre battery-electric vehicles (BEVs) and Nikola Tre hydrogen fuel-cell electric...
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March 30, 2022, 07:24 AM
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ACT Research began its 66th Seminar with a panel discussion about the current state and future of U.S. economics. Panelists included Bryan Bezold, Senior Economist at Ford; as well as ACT’s Principal, Industry Analyst, Jim Meil; and Chief Economist...
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March 01, 2022, 07:03 AM
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Element Fleet Management Corp. announced the launch of Arc by Element — an end-to-end electric vehicle (EV) fleet offering designed to help clients navigate and simplify the complex transition from internal combustion engine (ICE) vehicles to EVs.As...
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February 25, 2022, 07:08 AM
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Element Fleet Management Corp. announced a new electric vehicle charging agreement with Enel X, the advanced energy services arm of the Enel Group. This collaboration will provide Element clients access to Enel X’s residential and commercial smart...
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November 04, 2021, 07:05 AM
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Element Fleet Management Corp. announced its relationship with industry leaders ChargePoint and WEX to provide Element clients with access to ChargePoint’s growing nationwide charging network. This strategic relationship provides a consolidated...
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October 25, 2021, 07:10 AM
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Merchants Fleet, a fleet management company, announced a major expansion of its core member funding group to include some of the top banks in the world, enabling the company to access $2 billion of capacity to lease vehicles and equipment for clients...
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October 14, 2021, 07:20 AM
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AP Equipment Financing is pursuing an initiative to provide competitive finance programs for package and delivery customers looking to acquire electric vehicles. To begin this initiative, AP will be providing finance solutions for SEA Electric’s...
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September 29, 2021, 07:20 AM
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Element Fleet Management Corp. announced it has joined the educational team at NIGP Forum Virtual being hosted through Aug. 26, that will see over 1,600 public procurement professionals convene online to strengthen connections, tap into best...
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August 24, 2021, 07:15 AM
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As the commercial trucking industry moves forward in developing alternative fuel equipment, Fastenal is helping to drive innovation. Since early 2020, the supply chain organization has participated in a long-term test program of two battery electric...
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August 09, 2021, 07:00 AM
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The President of Tesla Inc.’s Tesla Heavy Trucking, Jerome Guillen, has left the company, the electric-car maker said Monday. The move comes some three months after Guillen took the position.Tesla confirmed the move in a brief filing with the...
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June 08, 2021, 07:18 AM
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Element Fleet Management Corp. has appointed a senior leadership team to lead the company’s electric vehicle (EV) strategy. Avninder Buttar is appointed to Vice President, Strategy focused on EVs, and Jason Kazmar to Director, Electric Vehicle &...
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May 07, 2021, 07:23 AM
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AYRO, Inc., a designer and manufacturer of light-duty, short-haul and last-mile delivery electric vehicles (EVs), announced an agreement with Element Fleet Management. By combining AYRO’s marketing, engineering and production expertise with Element’s...
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March 19, 2021, 07:20 AM
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Marlin Capital Solutions and Columbia Vehicle Group, Inc., a global provider of high-quality electric powered, commercial utility and industrial work vehicles, have created a partnership to offer financing options to Columbia’s customers. Marlin’s...
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July 12, 2019, 07:25 AM
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Proterra, an innovator in heavy-duty electric transportation, announced a partnership with Mitsui & Co., Ltd. to create a $200 million credit facility in support of a battery lease program.Mitsui, a leading Japanese investment and trading company...
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April 19, 2019, 07:28 AM
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A new report from Navigant Research examines the global market for medium and heavy duty trucks across hybrid, electric, and fuel cell powertrains, providing forecasts for annual sales and vehicle population, through 2027. With the potential to...
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November 30, 2017, 07:06 AM
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Forbes reported that Tesla’s CEO Elon Musk will soon be unveiling an electric semi-truck. According to the report, this marks Tesla’s first step toward entering the commercial transportation space.The Forbes article explains how Tesla’s entry into...
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September 19, 2017, 08:00 AM
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U.S. and Canadian natural gas heavy duty retail sales had a healthy start to 2017, boosted mostly from refuse fleets, transit, and school bus operators, according to the most recent Natural Gas & Alternative Fuels Quarterly publication released today...
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April 24, 2017, 07:00 AM
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