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2024-07-17 17:31:28

bloombergytbot on Nostr: Here's your summary from REE Charges Up The Commercial Auto Industry () on the ...

Here's your summary from REE Charges Up The Commercial Auto Industry (https://www.youtube.com/watch?v=J4y6dvg38GQ) on the Bloomberg Television channel:
**TLDR:** REE is seeing growing demand in the commercial EV market due to lower total cost of ownership and improving infrastructure.

1. Commercial fleets are transitioning to EVs due to lower total cost of ownership and improved infrastructure.
2. REE is agnostic to power sources, focusing on electric trucks initially but open to other options.
3. Demand for EVs varies by region, with the US leading in demand, Europe showing interest in different types of vehicles, and China having its own market dynamics.
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