How electric trucks became all the rage this year


It’s been a massive year for trucks, especially electric trucks from SUVs and pickups to mid-range and long-haul vehicles. Let’s look at some of the news of 2021 and what it means for the year ahead:

Notable truck investments in 2021

You couldn’t move in 2021 for news of truck investments. Well, they’re so many that we’re gonna focus on the most notable:

March

June

August

November

Rivian raised a massive $11.9 billion in its initial public offering (IPO). This was the biggest in 2021 and the sixth-largest ever on a US exchange. It trumps Uber, which raised $8.1 billion in 2019. However, Rivian’s November trading experiences were less than stellar, and the issue of getting trucks manufactured and to customers remains a pain point.

The challenge will be if Rivian can keep manufacturing up with an influx of orders, especially given the supply chain problems and semiconductor shortage...

Also in November:

December

Trucks go green, but we need to power them

Trucks and range anxiety is a real thing. We not only need a truckload (excuse the pun) of battery innovation but adequate access to trucking chargers as well. 

We also need the evolution/transformation of transport infrastructure. According to Aaron Gillmore, CEO of WAVE:

Unprecedented port volume and congestion, combined with growing social and environmental pressure for clean air around ports and goods movement corridors will spur new solutions for heavy-duty EV trucks such as wireless charging in virtual port entry queues for drayage trucks. 

He further noted that the challenges of increasing range with additional costly, heavy, and progressively supply-constrained batteries will lead to new innovative approaches to range extension.

These include high power wireless charging — placed strategically for creating EV fleets that can run at a virtual perpetual state of charge, and support 24/7 continuous operations.

Solar and hydrogen show their green cred

Companies are also investing in solar and hydrogen fuel cells. 

Worksport has created a solar-charging truck bed cover (or tonneau), called TerraVis. The company is partnering with EV truck companies Hercules and Atlis to configure the TerraVis system for their pickup trucks.

The company is also engaged in innovating and designing high-efficiency, affordable hydrogen fuel cells to fast charge battery electric vehicles. Steven Rossi, CEO of Worksport shared: 

Worksport is convinced that both solar and hydrogen technologies are the future of automotive and will play key roles in how sustainability will shift to a greener tomorrow.

We are focused on helping to evolve and transition the industry towards a carbon-neutral and emissions-free future.