Alternative Energies Are the Future of Commercial Transportation
December 1, 2020 - The transportation industry is responsible for 28 percent of greenhouse gas emissions in the United States. Of those emissions, medium and heavy-duty trucks are responsible for 23 percent. This is a major reason the trucking industry is under enormous pressure from government regulators to switch to low-carbon technologies. Much of the progress on this so far has come from electric vehicles. Tesla Inc (NASDAQ: TSLA) semi-truck is soon to hit the road, and its competitor Nikola Corporation (NASDAQ: NKLA) is not far behind. Amazon.com, Inc. (NASDAQ: AMZN) has invested heavily in electric truck startup Rivian, and UPS is looking to Workhorse Group Inc (NASDAQ: WKHS) to transport its deliveries. While giants like UPS and Amazon are throwing their weight behind low-carbon solutions, biofuel vehicles running on Renewable Natural Gas (RNG) could offer the ideal and viable route for commercial users. That's where companies like Greenlane Renewables Inc. (TSX-V: GRN) are focused on building out renewable infrastructure.
By FinancialBuzz