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- Autocar, Mitsubishi HC Capital America, and ChargePoint providing bundled vehicle financing solutions for EV fleets
Autocar, Mitsubishi HC Capital America, and ChargePoint providing bundled vehicle financing solutions for EV fleets
Autocar, LLC, a manufacturer of custom vocational vehicles, has announced a partnership with Mitsubishi HC Capital America and ChargePoint. The collaboration aims to provide the Power UpTM Program, a bundled vehicle financing solution designed to assist customers in expanding their electric fleets and establishing charging infrastructure.
The partnership will enable Autocar customers to finance their E-ACTTs (electric terminal tractor heavy-use vehicles), along with integrated software, hardware charging solutions, and installation services through ChargePoint, facilitating the rapid deployment of electric vehicles.
Rich Mohr, vice president of fleet, at ChargePoint, highlighted the need for integrated charging solutions to streamline operations and deliver a lower total cost of ownership (TCO). He stated that the partnership between Autocar, Mitsubishi Capital, and ChargePoint aims to remove barriers to entry for electric fleets and deliver integrated software and hardware solutions that maximize their TCO advantage.
Autocar, LLC, is an American-owned and -operated original equipment manufacturer (OEM) of trucks. The company’s severe-duty vocational trucks are built to customer specifications and needs. Autocar’s truck lines include ACMD and ACX cab-over trucks, the ACTT and its all-electric E-ACTT terminal tractors, and the DC-64 Class 8 work trucks.
Mitsubishi HC Capital America is a specialty finance company with extensive capabilities throughout North America. With $7.5 billion in assets and more than 800 employees, the company provides customized financial solutions, including transportation and commercial finance. The company is committed to the United Nations Sustainable Development Goals.
Andrew Taitz, chairman of Autocar LLC, stated, “Electrification is coming to the heavy truck segment perhaps faster than the industry can keep pace with it. That’s why the Power Up Program is there to bring financing solutions to the table for our customers who aren’t used to making the kinds of capital investment required for electric fleets. By combining the financing, infrastructure, services, and installation, this partnership aims to reduce the complexities and capital investment of transitioning fleets to electric.”
John J. Critelli, director of Corporate Development, Mobility Solutions for Mitsubishi HC Capital America, expressed his support for Autocar’s E-ACTT and the company’s commitment to the United Nations Sustainable Development Goals (SDGs). He emphasized the alignment of clean energy initiatives with the transition to the Autocar E-ACTT Terminal Tractor from traditional ICE technology.