First demonstration trucks going to customers for evaluation

With the certifications in hand, Ree is delivering demonstration trucks including one to Pritchard EV, which will use the vehicle for a roadshow with its fleet customers. More Ree dealers and multiple fleets should receive P7-C for evaluations in coming weeks.

Ree designs its electric vehicle in Tel Aviv, Israel, and builds the electric skateboard chassis in the United Kingdom. Class 3-5 work trucks containing the drive-by-wire system come to the U.S. late this year.

Ree is taking a deliberate asset-light manufacturing approach designed to conserve cash and put just enough vehicles out to create interest for more.

In addition to by-wire operation, Reecorner technology packs critical vehicle components like steering, braking, suspension, powertrain and control into a single compact module positioned between the chassis and the wheel. Four identical Reecorners enable assembly of the industry’s flattest EV platforms that provide more room for passengers, cargo and batteries.

Incentives could exceed $100,000 per truck

The P7-C is eligible for a tax credit of up to $40,000 under the IRS Commercial Clean Vehicle Tax Credit. Stacking of state incentives could bring the total incentive per vehicle to more than $100,000, depending on the customer’s location.

“I believe our Reecorner is a true gamechanger, allowing us to build electric trucks that fleets will want to buy, and drivers will love to drive as we continue to see a strong demand for our work trucks,” Barel said in a news release.

Source: freightwaves.com