NEWS COMMENTARY

Nikola releases hydrogen vehicle plans

Published:
February 26, 2021
Last Updated:
February 26, 2021
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by Chad Goldberg
Low importance

The disgraced electric truck maker's latest announcement lays out the company's planned fuel cell vehicle program. The first vehicle will be an FCEV variant of its Tre BEV Cabover with an expected range of up to 500 miles, while its long-range Two FCEV Sleeper will accommodate up to 900 miles in a single trip. While this announcement is similar to last year's, in the sense that the company has yet to deliver a vehicle to market, Nikola appears to be moving in the right direction. Recent 2020 financial results indicate the company is beginning to cut losses while making progress on its manufacturing facilities. Still, clients should note Nikola is behind the curve, as incumbents like Toyota have vehicles on the road with better technology.

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