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Electric Trucks

Electric Trucks = New Jobs

By Jeff Siegel
Monday, March 30th, 2009

As the White House questions the viability of GM (NYSE:GM) and Chrysler, Smith Electric Vehicles is getting ready to build a new truck assembly plant in Kansas City that will produce zero-emission commercial trucks by the third quarter of this year.

The new facility will focus primarily on the Smith Newton, which is the world's largest battery-electric truck. It has a range of more than 100 miles and a payload of up to 16,280 pounds. The 50-mph vehicle will use a 120 kW drive system produced by Enova Systems (AMEX:ENA), and a lithium-ion iron phosphate battery pack.

Here's what Smith CEO, Bryan Hansel had to say about the vehicle...

"We are targeting our zero-emission trucks for companies that operate in urban areas and are seeking ways to deliver their goods and services in an environmentally sensitive manner. These vehicles will not only help companies reduce their truck fleet emissions and reduce our dependence on foreign oil imports, but will also lower operation and maintenance costs over the life of the vehicle."

Smith's initial customers will include Frito-Lay North America and Pacific Gas & Electric.

The new plant is expected to create 120 jobs.

Smith is also working with Ford (NYSE:F) to electrify Ford's light-duty van, the Transit Connect. That vehicle has a top speed of 70 mph, a 100-mile range and a payload of up to 1,600 pounds. Production for the van is scheduled for next year.

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Jeff

 


Editor's Note: From solar and wind to geothermal and biofuels, Green Chip readers want to know which renewable energy resource will take over where fossil fuels leave off. The answer is...all of the above!

There is no one single solution to today's energy crisis. However, the combination of all viable renewable energy resources, coupled with energy efficiency, conservation and smart grid development will not only lead us to energy independence and a cleaner, more sustainable energy infrastructure — but also to what will soon prove to be the greatest investment opportunity of the 21st Century.







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