This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Verizon And VIA Motors Unveil Eco-Friendly, Extended-Range Electric Cargo Vans

DETROIT, Jan. 15, 2013 /PRNewswire/ -- To address the need for more eco-friendly fleet vehicles, Verizon has collaborated with electric-vehicle developer and manufacturer VIA Motors to produce an extended-range electric cargo van.  VIA developed and built the van, based on Verizon's direction and fleet concepts, and expects it to achieve 100 miles per gallon with near zero emissions.  Verizon will now test and deploy two of the vans in New Jersey and New York.

Bob Lutz -- the legendary auto industry executive and father of the Chevy Volt, General Motors' electric car -- unveiled Verizon's new vehicle on Monday ( Jan. 14) at the North American International Auto Show.  "By demonstrating that going green can also be good business, large fleets like Verizon's can have a significant influence on the direction of the auto industry and help accelerate the adoption of clean vehicles like VIA's electric work vans,"  said Lutz, former vice chairman of General Motors and a VIA board member.

Ken Jack, vice president of fleet for Verizon, said: "We believe the challenges businesses face in operating sustainable fleets require an ecosystem of innovation.  Our collaboration focused on developing a more environmentally friendly cargo van, as cargo vans are widely used by large U.S. fleets and account for more than 30 percent of Verizon's fleet.  Electrifying these work vehicles could have a significant impact on a nationwide reduction in fuel consumption and CO2 emissions."

Because the average total miles per day traveled by Verizon's fleet is low, the company expects the new vans to operate entirely under electric power most days; doing so would annually reduce CO2 emissions by approximately 2.4 metric tons and reduce the use of petroleum fuel by about 750 gallons. 

The dashboard of the new van is equipped with a removable tablet, which aims to prevent distracted driving by providing voice prompts and easy-to-read route information.  Verizon will also provide technological capabilities, through its acquisition of Hughes Telematics, including fuel and route optimization, vehicle maintenance and diagnostics, emergency assistance, and voice and data services.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%
YHOO $27.97 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs