🧵 1. Significant investments are being made in electric semi truck charging infrastructure, receiving hundreds of millions in grants from state and federal programs. #tech
🧵 1. Significant investments are being made in electric semi truck charging infrastructure, receiving hundreds of millions in grants from state and federal programs. #tech
🧵 2. Companies like Greenlane Infrastructure and TeraWatt Infrastructure are spearheading the development of commercial charging corridors for heavy-duty trucks.
🧵 3. WattEV, backed by Apollo Global Management and Vitol, is expanding its network of charging depots along the West Coast for medium and heavy-duty trucks.
🧵 4. Despite potential benefits for emissions reduction, the US lags in adopting electric trucks, facing challenges like high costs and inadequate charging infrastructure.
🧵 5. Industry faces a chicken-and-egg dilemma with manufacturers hesitant to produce electric trucks without robust infrastructure, highlighting the need for policy support.
🧵 Read more at: https://www.zerohedge.com/markets/hundreds-millions-dollars-being-awarded-electric-semi-truck-charging-infrastructure