Conventional natural gas and oil production is rising, but BP plc hasn’t taken its foot off of driving transitional energy investments after slapping down $1.3 billion in cash to buy TravelCenters of America (TA). BP’s news Thursday came one day after announcing it would invest $1 billion in U.S. electric vehicle (EV) charging sites by…
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FedEx Ramps Up Vehicle Electrification with Xos Trucks
Ground operators for Fedex Corp. have reached an agreement to receive 120 emissions-free electric trucks from Xos Inc. and NextGen Acquisition Corp. that would be deployed for operations in California, New York, New Jersey, Massachusetts and Texas. Los Angeles-based Xos produces Class 5 to Class 8 electrified and cost-effective commercial vehicles. Xos’ medium- to heavy-duty…
NGVs Still Choice Among Fleets, but EVs Said Favored Longer Term
The energy transition is pushing natural gas vehicles (NGV) aside for battery electric vehicles (EV), according to new research. “The State of Sustainable Fleets 2021,” issued in late May by consultancy Gladstein, Neandross and Associates, said imminent climate change priorities make EVs the ultimate solution. The report was sponsored by transportation fueling, manufacturing and leasing…