2024-01-13 13:23:42
January 13, 2024
The electric truck, which is fully electronically driven, met the safety and environmental standards. The company began deliveries of demo trucks to distributors
REE Automotive announced that its electric truck model, P7, received a license from the US Department of Transportation, after meeting the regulatory requirements of Federal Vehicle Safety Standards (FMVSS) and the approval of the US Environmental Protection Agency (EPA).
According to REE, the P7 is the first electric truck in the United States, where propulsion, steering and braking are controlled by the driver completely electronically (X-by-wire), which is certified by the US Department of Transportation. The announcement helped somewhat strengthen the company’s stock on the Nasdaq, which ended the trading week with a 13% increase to a market value of 63 million dollars.
Following the receipt of the license, REE began shipping P7-C demo trucks to customers for testing by several North American fleets through its network of authorized distributors. Pritchard EV, a leading distribution company in the United States, is the first to receive the P7-C demo truck for demonstration among its customers. Additional REE distributors and leading fleets are expected to receive additional P7-C demo trucks in the coming weeks.
The P7 platform is designed for the world of transport and couriers. It reaches a maximum speed of 120 km/h, has a maximum range of 241 km, and can carry a load weighing up to 2,000 kg. It is a modular platform where the customer can change the configuration and adapt it to his needs, starting with the size and ending with colors, logos, etc. In this context, she reported on collaborations with manufacturers of truck bodies in the United States, such as Knapheide and Morgan Truck Body.
REE’s P7-C trucks meet the requirements of the US federal tax authorities (Internal Revenue Code 45W) for tax benefits of up to $40,000 per vehicle. In addition, the company is working to obtain eligibility for various state incentives, which can amount to over $100,000 per vehicle, depending to the customer’s location.
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Posted in tags: REE
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