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Westport Fuel Systems’ loss narrowed in the third quarter, due in part to the company’s decision to recognize its heavy-duty truck operations as an equity investment on its financial ledger.

Losses at Hyzon narrowed in the third quarter of 2024, but the hydrogen fuel cell electric truck maker’s cash reserves continue to erode rapidly.

Port facilities across six states will receive millions of dollars in federal funding for the purchase of zero-emission vehicles and fueling and charging infrastructure through EPA grants.

Under terms of the grant program, FRA will pay no more than 80% of a project’s cost, with a minimum 20% match that can include in-kind contributions.

“The whole EV ecosystem is ahead of the consumer,” Toyota North America COO Jack Hollis said, pointing to tailpipe emission rules from the EPA and California.

Hydrogen fuel cell electric vehicles may be envisioned as the future workhorse of a decarbonized longhaul freight sector, but their development has proceeded at a measured pace.

Newsom’s office told the Associated Press that the governor and lawmakers are ready to “Trump-proof” California’s state laws, including those affecting the transportation sector.

Losses at truck maker Nikola more than halved year on year in the third quarter as a result of record sales, cost cutting and the absence of expenses incurred in the year-ago period.

Allison Transmission’s profit in the third quarter jumped 26.6% on the back of demand for Class 8 vocational trucks in North America, with executives saying it shows no sign of slowing down.

EPA is paying $248.9 million to develop 24 electric truck charging sites for medium- and heavy-duty vehicles along the Interstate 95 freight corridor in four East Coast states.