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TheStreet Open House

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

Stocks in this article: VZ

"The collaboration with Verizon has quickly resulted in new innovations in its fleet, and we look forward to demonstrating the robust durability and economy of VIA's technology in the field," said Alan Perriton, president of VIA Motors.  "Verizon's dedication to green fleet solutions is setting an example for companies that seek to reduce the environmental footprint and operational costs of their fleets."

Overall, VIA anticipates the Verizon electrified work vehicles should improve fleet fuel economy by up to 300 percent while cutting emissions in half or more.  The vehicles have up to 40 miles of all-electric range, using technologically advanced lithium ion batteries, with the added capability to drive additional miles by using VIA's onboard electric generator, or "range extender."  The vehicle can be charged overnight from a typical 110-volt household outlet for as little as $1 a day in some states.

In addition, VIA's exportable power system option can provide 15 kilowatts of continuous 110-volt or 220-volt power for emergency or job-site application, a much cleaner alternative to conventional stationary-power generation.

"We anticipate that the 15 kilowatts of clean mobile power generation provided by the vans will be of great value in emergencies like Hurricane Sandy, and in everyday use, to reduce stationary emissions and provide greater service capabilities," Verizon's Jack said. 

A Track Record of Sustainable Business Practices

Over the past five years, Verizon has been implementing a myriad of solutions to reduce the carbon footprint of its fleet, including vehicle technologies like all-electric, hybrids and alternative fueled vehicles, and processes such as improved routing, reduced idling, and improved tire-efficiency and pressure-monitoring processes. In addition, Verizon has a robust sustainability strategy that includes an e-waste recycling program, smart buildings and an aggressive commitment to various ENERGY STAR programs. The strategy supports Verizon's goal of cutting by 50 percent its carbon intensity – the company's main sustainability metric that measures the amount of energy needed to transport a terabyte of data over its networks – by 2020.   

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