Nikola Motors Claim Pre Orders Worth USD 2.3 Billion For Electric Semi

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The Nikola Motor Company has announced that it has generated USD 2.3 billion in reservations for the first month. The company announced last month that it will launch an electric class 8 semi-truck, dubbed "Nikola One", and has registered more than 7,000 truck reservations with deposits.

The Nikola One truck leasing program costs USD 4000 to USD 5000 per month, depending on which truck configuration and options the customer chooses. The first one lakh miles of fuel is included with every truck sale. An average diesel burns over USD 400,000 in fuel and racks up over USD 100,000 in maintenance costs over 1,000,000 miles. These costs are eliminated with the Nikola One lease.

Commenting on the technology, Trevor Milton, the Founder and CEO of Nikola Motor Company said, "Our technology is 10-15 years ahead of any other OEM in fuel efficiencies, MPG and emissions."

"We are the only OEM to have a near zero emission truck and still outperform diesel trucks running at 80,000 pounds. To have over 7,000 reservations totaling more than 2.3 billion dollars, with five months remaining until our unveiling ceremony, is unprecedented."

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Story first published: Wednesday, June 15, 2016, 11:07 [IST]
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