Vicinity Motor Corp. (TSX-V:VMC) said it has begun deliveries of the first Class 3 electric truck to roll off the assembly line in Canada, with advance orders for the VMC 1200 far exceeding its expectations.
Vicinity Motor CEO William Trainer said his company’s VMC 1200 truck will help British Columbia and Canada become leaders in the EV sector, while supporting ambitious government targets for net-zero transportation, local job growth, and economic diversification.
"With the 1200 recently qualifying for Transport Canada's $550-million subsidy program for medium-duty zero-emission vehicles, it has only become more appealing to commercial transportation operators seeking to reduce costs, eliminate carbon emissions, and run more efficient fleets," Trainer said in a statement.
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According to Vicinity Motor, the truck’s applications range from construction and utility to deliveries.
The commercial electric truck comes with a range of 241 kilometres on a single charge, is ultra-quiet, and carries a payload of approximately 2,495 kilograms, the company said. The truck features a Li-Ion battery technology that provides up to 150 kWh of power, which can reach a full charge at Level 2 in five to seven hours, and at Level 3 in 2.5 hours, according to Vicinity Motors.
Distribution of the VMC 1200, which is projected to account for a significant portion of near-term sales, is starting in October 2022, the company said.
Trainer said that commercial transportation operators have lacked a durable and reliable zero-emission class 3 truck at a competitive price point, until today.
“Now, with North American light- and medium-duty EV inventories projected to top one million by 2030 and six million by 2040, the VMC 1200 provides yet another example of VMC setting itself apart from other commercial vehicle manufacturers," Trainer said.
Aldergrove, BC-based Vicinity Motor is a North American supplier of electric vehicles for both public and commercial enterprise use. It supplies its flagship electric, CNG and clean-diesel Vicinity buses, the VMC 1200 electric truck and a VMC Optimal-EV shuttle bus.
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