Electric Trucks Nearly Killed Nikola. Now Hydrogen Ones Are Saving It.
Forbes Daily Briefing
Forbes
4.4 • 18 Ratings
🗓️ 14 August 2024
⏱️ 5 minutes
🧾️ Download transcript
Summary
The struggling electric truckmaker sells the first commercial hydrogen fuel cell truck in the U.S., with double the range of battery models — and so far, drivers love them.
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Transcript
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| 0:00.0 | Here is your Forbes Daily Briefing for Wednesday, August 14th. |
| 0:05.0 | Today on Forbes, Electric Trucks nearly killed Nicola, |
| 0:09.4 | now hydrogen ones are saving it. |
| 0:17.0 | Nikola, the electric truckmaker, has had a rocky few years. Its work to survive the reputational harm and share price |
| 0:21.0 | that resulted from the lives of its founder, that earned him a four-year |
| 0:24.7 | prison sentence. |
| 0:25.7 | He was forced to recall hundreds of its first electric semis to fix batteries at risk of catching |
| 0:31.4 | fire. |
| 0:32.4 | But since it began shipping hydrogen-powered big rigs |
| 0:35.3 | late last year, things are turning around. Jim Gillis is the president of the Pacific |
| 0:40.8 | region for Truck and Company I. M.C. |
| 0:43.0 | which has hundreds of semis hauling thousands of loads in and out of the ports of Los Angeles and Long Beach daily. |
| 0:50.0 | He said, quote, it's a good truck. Feedback from the drivers, the fit and finish, it's just superlative. |
| 0:57.2 | It's referred to in our fleet as the Bentley of trucks. |
| 1:01.6 | Kalirville Tennessee-based IMC, which specializes in hauling loads between ports and warehouses, |
| 1:08.0 | is among Nicholas earliest and best customers, operating 50 of its hydrogen tray FCEV trucks right now with another 50 on order. |
| 1:17.0 | And drivers, even those wary of the truck's old school so-called cab over chassis, getting on board quickly Gillis told Forbes. |
| 1:26.0 | He said quote, when you first put a driver in front of it, that whole cab-over design, |
| 1:31.0 | kind of like a late 70s, early 80s model looking truck. |
| 1:34.0 | They're very apprehensive. But once they climb into it and go on one trip, they don't |
| 1:39.0 | want to go back. The user experience is just great. |
| 1:48.0 | Drivers love it because the Nicola model is vastly quieter than the roar of a diesel big rig and lacks its telltale vibration, and the dirty exhaust. |
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