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27 Jan
08:14

US EV truck shares rise on Biden fleet conversion plan

Shares in US-based developers of electric trucks have jumped after President Joe Biden announced plans to convert the country’s federal fleet of vehicles, Kallanish reports. Share prices of electric truck and delivery vehicle makers Nikola, Lordstown Motors and Workhorse Group all rose on Tuesday. President Biden wants to replace the fleet of nearly 650,000 vehicles with electric alternatives built in the US. According to the US General Services Administrati…
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