Personal consumer vehicles will undoubtedly benefit from electrification, in terms of fuel savings. However, commercial fleets that spend a great deal of time idling are ones that could see huge bottomline benefits from switching from fossil-fuel-burning internal combustion engines to electric powertrains.
- EV manufacturer Xos is helping armored car operator Loomis evaluate the feasibility of switching to electric trucks.
- Xos received notoriety recently for building an electric truck that can haul 80,000 lb with 100 mile range.
With this in mind, armored money-moving company Loomis has agreed to evaluate for 90 days a two-truck fleet of pure-electric trucks colloquially referred to as “armored cars” from electric truck maker Xos. If successful, Loomis is prepared to order as many as 100 electric armored cars from Xos for its California operations.
“Electric vehicles make a lot of sense for cash-in-transit companies,” Xos CEO Dakota Semler said in a prepared statement. “They do a lot of idling in city centers as money is loaded in and out of the vehicles. We’re proud that Loomis has chosen Xos as their exclusive electric armored vehicle supplier and we look forward to a long, fruitful partnership.”
The announcement comes with a rebranding of the electric truck maker, which now goes by Xos. At the time of the company’s founding in 2017, it was known as Thor. Now, however, it has adopted the Xos moniker.
“Xos is short for exosphere — the outermost section of the planet’s atmosphere — and is representative of the company’s investment in developing cutting edge technologies and mobility solutions that exceed anything on the present market,” the company explained in a press release.
Along with a new name, Xos says it wants to expand beyond its core business of building trucks. However, it didn’t specify that those new business directions might be.
Previously, Xos (then Thor) made headlines when it revealed its ET-One class-8 pure-electric truck that was capable of hauling 80,000 pounds with a range of 100 miles per charge. Xos did not provide any performance figures about its armored cars build for Loomis’ pilot program. Given the fact that they are class-6 vehicles and have a lower gross vehicle weight, I assume their range per charge will be higher than 100 miles. That is just speculation, of course.
It is heartening to see small startup EV brands trying to compete in the highly competitive truck market. I hope Xos is successful.
However, I can’t help but wonder how long a brand Xos can survive before one of the bigger players like Daimler Trucks steps in and undercuts them in price, range, and capability. We also can’t undervalue repair facility accessibility. Loomis has around 3,000 trucks in its fleet across the country. If it wishes to expand its electrified footprint beyond California, where Xos is based, it might well look to a more nationally established brand.
I mean, moving logistics company Penske is already testing a Fuso (owned by Daimler Trucks) pure-electric trucks in California. Granted, it only has a 62-mile range, which, again, I assume is less than Xos. That said, Fuso Daimler has the money, engineering prowess, and production capacity to easily outshine a startup like Xos.
What’s more, Daimler is working toward not only electrified trucks but also autonomous ones, too. So what happens when Loomis wants its fleet to not only be tailpipe-emissions-free but also self-driving? Well, I have to imagine that it’ll drop Xos and go with a more established player.