British EV Woes As Newcomers Flounder

TWO NEW start businesses in the UK’s electric truck sector have come up short with Volta Trucks filing for bankruptcy and Tevva’s proposed merger with ElectraMeccanica over.
Volta Trucks filed for bankruptcy in Sweden and is set to file for administration in England, after its production targets were hit by the demise of its battery supplier Proterra, which hampered its ability to raise funds.
The move sees 850 jobs under threat, of which 600 are in the UK, where the group recently opened a service hub in north London.

The post British EV Woes As Newcomers Flounder appeared first on Transport News.

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