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All-New Class 8 Electric Truck Launched by Industry Leader, Providing Fleets More Options & Cost Parity

With $10,000 Deposit Fleet Customers Lock In Pricing, Priority and Perks

KANSAS CITY, Mo., August 16, 2016  –  Orange EV the leading OEM in electrification solutions for industrial fleets  today announced the firm is accepting orders for its all-new T-Series pure electric terminal truck.   Orange EV’s initial T-Series, a complete remanufacture of existing trucks, has been operating up to 24+ hours per charge at sites from single shift to 24×7 in: railroad intermodal, LTL freight, manufacturing, retail distribution, waste management and warehouse container handling.  By placing a $10,000 refundable deposit by YE 2016, fleets lock in price, production priority, and Orange EV’s telematics service free of charge on trucks ordered by March 31, 2017.

“With addition of the new truck and rise in overall order volume, production capacity is at a premium,” said Wayne Mathisen Orange EV chief executive officer.  “Fleets have been telling us for two years that they want a new truck option.  Now they can get it in the same industry-leading chassis they already know and rely upon.  Orange EV’s Priority Program will help us gauge the demand and allocate resources, while rewarding fleets that help us plan ahead.”

Fleets participating in the Priority Program place $10,000 refundable deposits and enjoy:

  • price stability through year end budgeting, and
  • installation and remote access for Orange EV’s FIMS service, free of charge for five (5) years, and
  • live user training and initial FIMS usage reports. Orange EV’s Fleet Information Management System (FIMS) telematics service provides real time information on truck performance.  The data available via FIMS helps operators quantify cost savings and emissions eliminated while enabling them to manage and improve truck utilization.

Orange EV will continue taking orders as fleets are ready, while on a monthly basis querying program participants in sequence for their orders.  In this way the program helps new fleets begin the process, while ensuring those that are ready may begin their deployments as soon as possible.

Financing, incentives, carbon credits and other programs provide fleets additional assistance and incentives to accelerate deployment of Orange EV’s pure electric terminal trucks.  Traditional equipment financing helps reduce initial cash outlay and fund the balance of purchase from cost savings.   Federal and regional programs exist to further reduce purchase price and spur adoption.  Orange EV has consistently been the first OEM approved for and delivering commercially available terminal trucks under incentive programs that can pay more than half of vehicle purchase price.  Carbon credits on the emissions eliminated by Orange EV electric vehicles can generate even more savings.

“Even without incentive programs the total cost of ownership for Orange EV’s electric vehicles is often less than what many fleets spend to purchase and operate their diesel trucks” according to Mike Saxton chief commercial officer.  “The incentives help fleets invest in their initial vehicles, but it’s the per truck savings of up to $60,000 annually that will drive fleet-wide adoption.”

To learn more about Orange EV’s pure electric terminal trucks visit www.OrangeEV.com.

 

About Orange EV

Kansas City based Orange EV is the leading OEM providing heavy duty electric vehicle solutions to industrial fleets that do the same work while eliminating diesel fuel and emissions.  Building both new and repowered vehicles, Orange EV was the first to commercially deploy 100% electric Class 8 electric vehicles into container handling operations.  Orange EV’s terminal truck was the first approved for sale as a heavy duty electric vehicle in California.   To learn more contact Orange EV at Sales@OrangeEV.com and 866-688-5223, or visit the company’s website at www.orangeev.com.

Media inquiries:  Contact Mike Saxton of Orange EV at 866-688-5223 ext. 702 or MikeS@OrangeEV.com

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