Ryder System Inc. took delivery of two Workhorse Group (NASDAQ: WKHS) electric delivery vans, seemingly ahead of a large order from United Parcel Service ().Workhorse announced the deal with Ryder on Tuesday. Under the rules of the program, in order to receive the full voucher amount, vehicle purchasers must replace, or scrap, an existing diesel-powered vehicle for each NYTVIP eligible vehicle in its place. On Monday, Workhorse got the go-ahead from the California Air Resources Board (CARB) to sell its C-Series zero-emission vans. Workhorse could still be in the black by the second half of 2021 if it succeeds in delivering the step vans to UPS and converts interest into firm orders for the W-15 pickup, he said. Fleets that operate Class 3 to Class 8 vehicles in California are eligible for voucher incentives! The electric delivery vehicle manufacturer has seen its stock dwindle further through late March and early April. Workhorse has 1,100 orders for its NGEN-1000 electric vans. The new C650 Step Van features 650 cubic feet of interior cargo space. They will play a significant role in decarbonizing the transportation sector. The production and delivery target of the C-Series electric vans (currently represented by the Workhorse C1000 and smaller Workhorse C650) remains at 300-400 units in 2020. The Workhorse E-GEN battery-electric extended range step van achieves 40 MPGe fuel efficiency, which reduces vehicle emissions by 75 percent and is six times more efficient than conventional step vans. This product was led by then parent company Navistar. Browse our inventory of new and used WORKHORSE Trucks For Sale near you at TruckPaper.com. Fleet operators and managers are invited to see the new C 650 all-electric Step Van at the NTEA Work Truck Show in Booth #941 from March 4-6, 2020. Pax Lindell, director of sales, told FreightWaves there is a backlog of C650 and C1000 van orders right now. However, investors will note that, for all its recent struggles, Workhorse’s share price closed 7 April 690.4% above its price 12 months prior. Workhorse teased the W15 pickup with media drives in 2017. Electric delivery vans are coming from Chanje, Workhorse, Mercedes, DHL, and possibly Tesla. Photo: Workhorse. Starting in July, through the initial deployment on COOP, Ryder will offer Workhorse C-1000 electric step vans, allowing COOP Renters to experience the new C-1000 in actual routes. Workhorse Group, Inc. designs, manufactures, and sells electric, high-performance, drone-integrated electric vehicles to the last-mile delivery sector.The company’s products include medium-duty trucks comprising a powertrain and chassis. CINCINNATI, Feb. 20, 2020 /PRNewswire/ -- Workhorse Group Inc. (NASDAQ: WKHS) ("Workhorse" or "the Company"), an American technology company focused on providing sustainable and cost-effective electric vehicles to the last mile delivery sector, announced that it will display its newly-designed C 650 all-electric step van at the NTEA Work Truck Show, March 4-6, 2020 in Indianapolis, IN. Workhorse’s 2020 model year C-1000 Standard Range and C-650 Extended Range electric step vans were deemed eligible for monetary vouchers of up to $48,328 and $44,328 per vehicle, respectively. Electric step vans leasing is cost effective and convenient with Ryder. Log In Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Page 1 of 1. The trucking company plans to provide these vehicles to small- … A fleet operator might spend about $300,000 to own and operate a diesel truck over 20 years, but the cost of owning an electric truck may be less than half that, according to Workhorse. Starting in July, through the initial deployment on COOP, Ryder will offer Workhorse C-1000 electric step vans, allowing COOP Renters to experience the new C-1000 in actual routes. In July, Workhorse announced that it got a purchase order for 20 C-1000 electric step vans from Cincinnati-based eTrucks. Workhorse Group Inc(Nasdaq:WKHS): The electric vehicle space has been witnessing exponential growth amid the pandemic. Workhorse Group Inc., an American technology company focused on providing sustainable and cost-effective electric vehicles to the last-mile delivery sector, will display its newly-designed C650 all-electric step van at The Work Truck Show 2020, held March 4-6, 2020 in Indianapolis. Learn more how Workhorse C-650 Standard Range Battery Electric Step Van is eligible for HVIP incentive programs. Workhorse Group (WKHS) and Hyliion Holdings (HYLN) are two prominent players in this industry that have already generated hefty returns for investors and should continue to see robust growth opportunities. In July, Workhorse announced that it got a purchase order for 20 C-1000 electric step vans from Cincinnati-based eTrucks. But let’s find out which of these stocks is a better buy now. Hughes said Workhorse would be producing 300 to 400 vans per month by the end of the year. Still, in July, BTIG raised its price target to $26, the second-highest on the Street, assuming Workhorse will produce about eight vans a day next year, and secure a portion of the USPS contract. Workhorse briefly offered an integrated chassis/body model called the MetroStar, hearkening back to the long-lived International Harvester Metro Van line. It also has 6,000 orders for the electric pickup truck it is delaying. 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