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Daily Newsletter

15 August 2023

Daily Newsletter

15 August 2023

Nikola starts producing class 8 hydrogen fuel cell truck

Deliveries planned for later this year

Dani Cole August 15 2023

Nikola Corporation has announced its hydrogen fuel cell electric truck – with a range of up to 500 miles – is officially in production.

The news was shared on social media platform X (formerly Twitter). 

In a statement, the company said it has surpassed 200 sales orders for the Class 8 Nikola hydrogen fuel cell trucks.

Michael Lohscheller, Nikola's President and CEO said: "This remarkable demand for our hydrogen fuel cell electric truck confirms the industry's trend toward sustainable transportation solutions.

"We believe it demonstrates the level of confidence our customers and stakeholders have in our vision and technology, as well as our HYLA hydrogen supply and infrastructure solutions.”

The 202 sales orders for the heavy-duty trucks represent 18 customers, Nikola said.

Deliveries are expected to start later this year.

High upfront costs could be detrimental towards the growth of the off-highway EV market

The global off-highway electric market is expected to grow at a CAGR of 17.4% by 2030, per GlobalData estimates. Despite the strong growth, high upfront costs may pose a challenge. Due to the high capacity of these vehicles, they consume large amounts of power from a number of battery packs installed on the vehicle, whose high cost in turn adds to the cost of the vehicle, thereby increasing the initial cost. However, governments worldwide are offering subsidies and tax exemptions in order to help customers to counter the initial purchase cost.

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