Osman Boyner, CEO and founder of London-based electric powertrain developer BEDEO, has stated that he believes EV incentives are too focused on passenger cars and must be adjusted to focus on the commercial vehicle sector if governments want to make meaningful change.

Soell will lead Proterra Transit, the business unit responsible for the production and marketing of electric transit buses. 

According to the terms of the four-year contracts, TTC has placed firm orders for 202 Xcelsior hybrid-electric buses, and it may order up to an additional 263 forty-foot hybrid-electric buses as well as 100 sixty-foot buses.

The UK-based EV manufacturer plants to invest over GBP300m in its business operations in both the UK and India, which it claims will lead to the creation of over 4,000 skilled jobs.

The German parent of several truck and bus manufacturers released its results for the first quarter of 2022, recording a considerable revenue growth of 30% from EUR6.5bn to EUR8.5bn. 

The powertrain and braking components manufacturer recorded strong revenues growth of 17% to USD1.2bn (USD983m) for the second fiscal quarter (and first calendar quarter (January to March)) of 2022.

Ebusco Holding N.V. has released its financial results for the 2021 financial year. Total revenue was EUR24.3 million, a substantial decrease from the same measure for the 2020 financial year of EUR100 million.

Renault Trucks announced its business results for 2021, showing that 51,460 trucks were delivered during 2021 – a 25% increase over the previous year.

BorgWarner Inc, based in Auburn Hills, Michigan, has received an award of USD4.09 million from the U.S. Department of Energy (DOE) to design and develop a cost-effective and advanced DC fast charger.

ChargePoint Holdings Inc has announced the closing of its previously announced USD300 million investment through the purchase of convertible senior notes by funds managed by Antara Capital LP. The gross proceeds from the sale of the notes were approximately USD300 million prior to deducting fees and estimated offering expenses.

e-Charging company, Enel X, based in Rome, Italy, has announced the signing of a Memorandum of Understanding with Iveco, based in Turin, Italy. As part of the agreement, the two firms will assess the interoperability of Enel X’s charging infrastructure with Iveco Group electric vehicles; they will also evaluate the best ways that Iveco vehicles can support Enel’s transition to a zero-emission vehicle fleet.

Heliox B.V., based in Best, Netherlands, has installed charging infrastructure in a total of 100 cities worldwide. The 100th city, Seattle, is one of Heliox’s larger projects. Other significant charging installations include Amsterdam, Glasgow, and Hamburg.