15 States Unite to Pave Way Forward for Electric Trucks

Besides the investors who have piled into shares of electric vehicle manufacturers like Tesla (NASDAQ: TSLA), Nikola (NASDAQ: NKLA), Workhorse Group (NASDAQ: WKHS), and Hyliion, which is going public through a merger with Tortoise Acquisition (NYSE: SHLL), more than a dozen states are expressing enthusiasm about the potential of zero-emissions vehicles. In an effort to encourage the electrification of the trucking industry, 15 states and the District of Columbia today announced the signing of a joint memorandum of understanding (MOU). Directed at the use of medium and heavy vehicles, the group that inked the MOU aspires to eliminate the sales of new diesel trucks by 2050. In the meantime, the MOU targets 30% zero-emissions vehicles by 2030.

Lauding the joint effort, D.C. Mayor Muriel Bowser was quoted as saying, "The electric vehicle industry is primed for tremendous growth. We cannot afford to miss this opportunity to place clean transportation technology and infrastructure at the center of the nation's economic recovery."

Image source: Nikola.

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Source Fool.com