KANSAS CITY, OCTOBER 26, 2010 – In response to the Obama Administration's proposed regulations requiring big rigs and medium-duty trucks to increase fuel economy 10 to 20 percent by 2018, Smith Electric Vehicles CEO Bryan Hansel released the following statement:
"The Obama Administration has set an admirable goal to significantly improve fuel consumption for all work trucks, which consume as much as 20 percent of the nation's gasoline use. Companies that must now meet the president's deadline should know that all-electric trucks offer fuel costs that are as much as 75 percent lower than diesel. They also cut tail pipe emissions to zero. As a nation, we could easily meet the new rules the administration has set by continuing to adopt electric-truck technology in place of diesel-powered trucks, which will not only make our air cleaner, but also will be a better business investment for all companies looking to cut their fuel costs."