Navistar International Corp. Chief Executive Troy Clarke has a message for tech entrepreneur Elon Musk: There will be more electric trucks on the road by 2025 from Navistar than semi-tractors from Musk’s Tesla Inc.
It’s all about familiarity, comfort and established customer base. Navistar’s International brand already holds 11 percent of the market for trucks in the heaviest Class 8 weight segment, according to research firm Statista.
Tesla, which introduced its semi in November, has collected hundreds of reservations. But it has yet to build a truck for a customer. It plans to launch production in 2019.
“Customers know us, and they know that when we give them a truck it gives them a guarantee that this truck is going to serve their needs, because we understand how our customers make money,” Clarke said in an interview with Trucks.com.
Navistar is developing an electric truck with help from its much larger partner, Volkswagen Truck & Bus. The German automaker owns 17 percent of the Lisle, Ill., maker of International trucks, IC buses, defense vehicles and engines. The two companies have a broad agreement to work together on vehicle development, new engines and purchasing to take advantage of volume discounts
They expect to have electric-powered medium-duty trucks and buses ready to launch in late 2019 or early 2020.
Clarke's comment “is not that outlandish of a claim,” said Brad Delco, transport analyst at Stephens Inc.
Navistar, like all major truck manufacturers, has an established network of dealers nationwide “to service the product and, more importantly, the customer who is using that product to earn a wage or put food on the table.” For these customers, Delco said, “time is money.”... To Continue Reading, CLICK HERE