REE has initiated customer deliveries of the first batch of P7-C demonstration trucks for multiple fleets evaluations in North America via its fast-growing Authorised Dealer Network. Pritchard EV, a leading dealer in the US, is the first to receive the P7-C demonstration truck for a roadshow with its large fleet customers. Additional REE authorised dealers and leading fleets are expected to receive additional P7-C demonstration units in the coming weeks.
The company’s P7-C is eligible for the US federal Internal Revenue Service (IRS) Commercial Clean Vehicle Tax Credit (Internal Revenue Code 45W), which allows customers to receive a tax credit of up to $40,000 per vehicle. The company is also in the process of initiating eligibility for various state incentives, which could bring the total incentive to over $100,000 per vehicle, depending on the customer’s location.
“I believe our REEcorner is a true gamechanger, allowing us to build electric trucks that fleets will want to buy, and drivers will love to drive as we continue to see a strong demand for our work trucks” said Daniel Barel, CEO and co-founder of REE Automotive. “I am incredibly proud of the team at REE for completing certification of the automotive industry’s first ever fully x-by-wire vehicle. Our customers have been eagerly waiting for our vehicles to be ready to deliver and now our first demo trucks are on their way to dealerships for customer evaluations.”
REE’s proprietary REEcorner and x-by-wire technology has been designed to enable a range of benefits, including:
Superior maneuverability and volumetric efficiency
Enhanced safety with fail operational design via redundancies in hardware and software
Improved ergonomics with low step-in height and driver-centric cabin
Improved serviceability
More efficient maintenance and lower spare part inventory management
Improved residual value
Future-proofed, autonomous-ready and OTA upgrade capable
Modular design and quick time to market
Optimal energy efficiency
“Achieving this certification milestone is a testament to REE’s dedicated team and our determination to bring this technology to market safely” added Richard Colley, REE’s VP of Government and Regulatory Affairs. “The federal and state incentives that the P7-C will be eligible for will help accelerate fleet electrification in the US, helping to improve public health and meet ambitious climate goals.”
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