TRIAL BY FIRE
Daimler just released this quarter’s financial statements and profits were down 32% this year over last. Volvo reported that North American orders were down 54% and deliveries had fallen 33% year over year. Despite these omens of the transportation sector’s worrisome condition, the Obama administration, the Department of Transportation (DOT), and the Environmental Protection Agency (EPA) are proceeding as planned with the new Green-house Gas Emissions statute. The regulations apply to tractor-trailers, large pickup trucks, vans, and all sizes of bus and work truck, and the EPA estimates improvements required to meet these standards will cost up to $12,000 for the largest trucks.
Bill Graves, president of the American Trucking Associations (ATA), supports the proposed rules, but says the government should not mandate untested technology. Janet McCabe, head of the EPA’s air pollution office, told Capitol Hill that truck makers may need to use new technologies not yet commercially available in order to meet the proposed mandates. Upon meeting with the DOT in the fall of 2015, Hyliion was declared one of the only stand-alone technologies capable of attaining, and surpassing, these new guidelines.
According to the EPA, the reductions in greenhouse emissions proposed by the new mandate will come close to equaling the annual energy use by all U.S. homes, while the total oil savings would amount to a year’s worth of U.S. imports from OPEC countries. These are goals well worth attaining, and Hyliion hopes to provide a mutually beneficial solution that meets the triple requirement of surpassing guidelines, minimizing costs, and providing a proven technology with an immaculate track-record of safety and success.To catch an interview between journalist Robert Scoble and the Hyliion CEO – Mr. Thomas Healy, watch this video.