![]() But Rivian's current success in the fleet market comes nowhere near defining the company. Only time will tell whether the relatively new Lordstown Corporation will dethrone Rivian as king of the electric fleet vehicle. ![]() The Amazon deal boosted Rivian's estimated value to $30 billion. One interesting fact about the Rivian company is that it is currently the most successful electric startup in the fleet vehicle market: In a recent partnership, Amazon invested in Rivian and ordered 100,000 electric delivery vans. Lordstown even puts their money where their mouth is with an incredible 3-year bumper-to-bumper warranty and 8-year battery and hub motors warranty. The company intends to minimize repair costs-and costly "downtime"-with the Endurance's mechanical simplicity. Lordstown opted for this layout of its Endurance skateboard chassis to build a vehicle with fewer moving parts than anything else on the road. These engines eliminate the need for transmissions and driveshafts. The Endurance will be the first commercially available vehicle with four in-wheel hub motors. None of these numbers include state and local tax credits an electric truck operator may enjoy. Fuel and repairs for a comparable internal combustion engine (ICE) truck would drive the total cost to $117,086. ![]() ![]() Lordstown adds that purchasing and driving an Endurance 50,000 miles per year for eight years would only cost a total of $68,600. Lordstown estimates that the average tradesperson who purchases and drives a $50,000 electric Endurance 100,000 miles will spend $20,000 less (in fuel and repairs) than a peer who opts for a $50,000 F-150. Lordstown advertises its Endurance as "a new type of pickup truckā¦smarter, safer, and more productive for work." With its first truck, the Ohio-based company targets operators of commercial vehicle fleets ranging from utility companies to delivery services. ![]()
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