REE Automotive Ltd. an automotive technology company and provider of full by-wire electric trucks and platforms, announces that it has begun customer deliveries of its P7-C electric chassis cab following Federal Motor Vehicle Safety Standards and Environmental Protection Agency certification, making it the first to certify a fully x-by-wire vehicle. REE is the first to certify a fully steer-by-wire, brake-by-wire and drive-by-wire vehicle. The Powered by REE P7-C is a medium duty electric commercial truck.
REE has initiated customer deliveries of the first batch of P7-C demonstration trucks for multiple fleets evaluations in North America via its fast-growing Authorized Dealer Network. Pritchard EV, a leading dealer in the U.S., is the first to receive the P7-C demonstration truck for a roadshow with its large fleet customers. Additional REE authorized dealers and leading fleets are expected to receive additional P7-C demonstration units in the coming weeks.
REE’s P7-C is eligible for the U.S. federal Internal Revenue Service Commercial Clean Vehicle Tax Credit (Internal Revenue Code 45W), which allows customers to receive a tax credit of up to $40,000 per vehicle. The company is also in the process of initiating eligibility for various state incentives, which could bring the total incentive to over $100,000 per vehicle, depending on the customer’s location.
“Achieving this certification milestone is a testament to REE’s dedicated team and our determination to bring this technology to market safely,” says Richard Colley, REE’s vice president of government and regulatory affairs. “The federal and state incentives that the P7-C will be eligible for will help accelerate fleet electrification in the US, helping to improve public health and meet ambitious climate goals.”
To learn more about REE Automotive’s patented technology and unique value proposition that position the Company to break new ground in e-mobility, visit www.ree.auto.
