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Orange EV to Give $150K Discounts for NY Fleets

November 9, 2016 - Press Release

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Photo courtesy of Orange EV
Photo courtesy of Orange EV

Orange EV, a manufacturer of pure electric heavy-duty trucks, announced that fleets in the state of New York can now save up to $150,000 per T-Series pure electric terminal truck. Orange EV electric terminal trucks are commercially deployed and have been operating up to 24+ hours per charge at sites from single shift to 24x7 in railroad inter-modal, LTL freight, manufacturing, retail distribution, waste management, and warehouse container handling facilities.

Discounts are enabled by the New York State Electric Vehicle – Voucher Incentive Fund (NYSEV-VIF). Vouchers may be requested through Dec. 31.

Under this program, fleet customers receive a discount at the point of sale from Orange EV. After delivering purchased trucks, Orange EV redeems the voucher incentive. In this way the total fleet capital outlay is directly reduced. For the Chicago, California, and New York programs, fleets contact Orange EV to submit requests and help manage the process. Fleets have a little under a year to complete deployment of funded trucks.

“It’s another great win for both public and commercial fleet managers needing to upgrade from diesel to electric,” said Mike Saxton, Orange EV chief commercial officer. “For each of the nation’s top three commercial regions including New York state, Chicago, and all of California, fleet managers can deploy Orange EV electric trucks while paying about half the price. Fleets taking advantage of the discounts avoid the financial and operational burden of Tier 4 diesel emission systems while saving up to 90% net in fuel, and more in a broad range of other areas.”

Fleets operating Orange EV trucks under moderate conditions can realize fuel and maintenance savings of $10,000-$30,000 per truck per year; heavier use can generate savings of $30,000-$60,000 per truck per year, according to the company. Additionally, with electric trucks, fleets avoid the higher cost to purchase, operate, and maintain Tier 4 diesel emission systems.

Because total cost of ownership is often less than for a diesel, fleets have begun deploying Orange EV’s electric trucks even without incentives, using existing capital and expense budgets. Traditional equipment financing programs are also available.

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